June 02, 2023
JPMorgan Chase Fixes ‘Issue’ That Caused Duplicate Transactions on Zelle
J.P. Morgan Chase is reportedly resolving some duplicate transactions experienced by its customers who used Zelle. The bank has apologized to customers, is working to resolve the issue, and will fix any double...
May 31, 2023
Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing...
Overdraft fees have been a hot button issue in financial services. But they’re less of a revenue source for banks — significantly less — than they were not all that...
May 31, 2023
Wells Fargo Reportedly Working with Borrowers as Office Sector Struggles
Wells Fargo reportedly expects to see losses from real estate loans. CEO Charlie Scharf said Wednesday (May 31) at an event that there are significant risks in the office sector, Bloomberg reported Wednesday. “We look...
May 30, 2023
Goldman Sachs to Cut Fewer Than 250 Jobs During Investment...
Goldman Sachs Group will be cutting fewer than 250 jobs across a range of roles. The move could be made within weeks and is the third round of cuts at the...
May 15, 2023
Earnings Season Sheds Light on Rising Card Delinquencies
Credit card debt is at an all-time high. Although it’s not yet fully in the rear-view mirror, earnings season is signaling that where there’s smoke, there may be fire —...
May 12, 2023
Auto Sales Slump Could Be a Crisis of the Sector’s...
The Bureau of Labor Statistics (BLS) published a little-noticed piece last month analyzing the part auto dealers’ markups played in new car price tag inflation during the post-pandemic recovery. With their...
May 11, 2023
Plaid Signs Agreements to Migrate Traffic to Financial Institutions’ APIs
Plaid is expanding its application programming interface (API)-based data sharing network. The firm is now migrating 100% of its traffic to APIs for financial institutions, including Capital One, J.P. Morgan...
May 08, 2023
CE 100 Index Slips as Shopify’s Surge Not Enough to...
The CE 100 Index lost 0.5% in a week crowded with earnings reports. Shopify’s corporate transformation, and resulting 28% gain in share price, was overshadowed a bit by investor concerns...
May 04, 2023
TD Bank and First Horizon Scrap $13.4 Billion Merger
TD Bank and First Horizon Bank have called off their $13.4 billion merger. The financial institutions announced the end to their agreement in a joint statement Thursday morning (May 4),...
Seventy-five percent of car buyers favor brands that offer rewards, with a similar percentage (74%) favoring digital payments. In the latest edition of the “Expanding Payments Choice Playbook Series,” a collaboration with Onbe, PYMNTS examines the critical role digital rewards and incentives now play in facilitating a true end-to-end digital car-buying experience.
