August 17, 2023
Venmo Takes Top Spot, Chime Follows in Credit Card App...
Embracing the ever-evolving terrain of credit card apps, the PYMNTS Provider Ranking of Credit Card Apps stands as your steadfast guide, revealing the ascent of frontrunners and the fluctuations of contenders. As...
August 17, 2023
Goldman Sachs Boosts Compliance Department Amid Regulatory Scrutiny of Industry
Goldman Sachs Group is reportedly adding staff to its compliance department amid increased scrutiny of the industry from the Federal Reserve. The Wall Street firm plans to enlist several hundred new...
August 15, 2023
Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
Versatile Credit, Nationwide Marketing Group (NMG) and Wells Fargo have partnered to launch The Finance Hub, a consumer financing portal for merchants. This new collaboration provides a comprehensive, tailored financing program for a broad...
August 08, 2023
Dwolla Launches Solution to Facilitate Secure A2A Payments
Dwolla has launched an application programming interface (API) solution designed for mid- to enterprise-sized businesses that enables easy payment initiation from existing commercial accounts at top U.S. banks, including JPMorgan Chase...
July 30, 2023
Consumers Have Covered Credit Card Bills So Far, but Defaults...
Until recently, consumers were largely paying off cards and other loans. Current headwinds may change that. It is a testament to consumer resiliency that credit card late payments and other...
July 17, 2023
FedNow’s Future and What the Triple Clock Theory Says About...
Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time rails in the U.S. to...
July 14, 2023
Bank Earnings Paint Picture of Resilient Consumers
Data tells a tale just as much as management commentary on analyst calls during earnings season. To that end, a slew of earnings materials from big banks Friday (July 14)...
July 12, 2023
Deposits, Consumers and Digital Channels in Focus as Bank Earnings...
It’s the middle of July, almost. And thus: Earnings season begins in earnest. As usual, a slew of big banks will kick things off, beginning Friday (July 14 ), giving...
July 11, 2023
SEC Charges Merrill Lynch and BACNAH for Failing to File...
The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges, stemming from 2009 to 2019,...
