Despite instant settlement, lower fees and fraud protection, open banking payment rails in the U.K. are lagging in adoption. New payment option providers such as Boodil, which layers on a rewards program, are hoping to accelerate use. — Harry Luscombe hears it all the time...
Consumers and merchants are being let down by the current state of play in the traditional retail finance space — an “untouched” aspect of the checkout finance market, says Todd Latham, CEO at U.K. retail finance platform operator Divido. In an interview with PYMNTS, Latham...
The deposit insurance system “worked pretty well,” said Bank of America CEO Brian Moynihan. Speaking Thursday (April 20) at a Bloomberg event, Moynihan said deposit insurance funded by banks succeeded in protecting customers during the “fair amount of disruption” recently seen among regional banks, Bloomberg...
Earnings season has yet to fully engulf the FinTech IPO sector. But there was plenty of other news to go around — where macro headwinds were in evidence, forcing at least one platform to scale back its headcount. Shares in Opendoor plunged 18.9% through the...
PopID now enables palm verification as well as face verification. The firm has partnered with PalmID to add the palm option to its platform for using consumer-initiated biometric verification for digital interactions and payments, PopID said in a Thursday (April 20) press release. “We believe...
Several regional banks ended the first quarter with stable deposits. Their reports of flat deposits came after a quarter in which the collapses of three banks led investors to closely watch the deposit flows at other smaller banks, Bloomberg reported Thursday (April 20). Deposits were...
Business credit card issuers are working with major retailers online and in-store to capture and add value to business spend with flexibility and rewards aligned for business users. The latest development along these lines is healthcare spend management platform Nitra offering doctors who use its card for...
This week in grocery, H-E-B adds convenience stores, Giant Eagle revisits mailers and Kroger accepts SNAP. As grocers look to drive up frequency, many are adding shrunk-down c-store concepts. Most recently, Texas supermarket chain H-E-B, which has more than 430 locations in Texas and Mexico,...
Contactless cards have long been at the center of the U.K.’s payments ecosystem, but now, digital wallets are quickly entering the mix. There is also a simultaneous shift from contactless credit to contactless debit cards. It all plays into payment choice, which is critical. Exploring...
