October 14, 2022
OCC Says US Bancorp Can Buy MUFG Union Bank
The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller of the Currency (OCC). The...
October 14, 2022
PYMNTS Intelligence: Personalized Digital Banking Builds Consumer Trust and Loyalty
Consumers both want and need to engage with their financial institutions (FIs) digitally, but they want these interactions to be highly personalized. Branch closures rendered digital banking a necessity, and now...
October 06, 2022
SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
Financial messaging system SWIFT said that it has solved one of the thorniest problems central bank digital currency (CBDC) developers have been wrestling with: How to use them for cross-border...
October 06, 2022
PYMNTS Intelligence: Finding the Way to Better Government Disbursements
The COVID-19 pandemic created a need for unprecedented government disbursements. The United States federal government alone distributed $931 billion in direct payments to approximately 165 million individuals in 2020 and...
October 05, 2022
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if they are to revolutionize the...
October 05, 2022
Addressing Government Assistance Pain Points for Small Business
In this month’s “Money Mobility Tracker®,” PYMNTS analyzes why the record surge in stimulus checks made clear why governments need the ability to make digital payments to meet modern consumers’...
October 05, 2022
SWIFT Shapes Global CBDC Framework Following 8-Month Study
A study analyzing the international use of central bank digital currencies (CBDCs) and the underlying distributed ledger technologies (DLTs) shows promise for cross-border interoperability among countries with varying and emerging...
October 04, 2022
Today in B2B Payments: 2 Firms Add New Services for...
Today in B2B payments, Mastercard announces new and expanded benefits available to its small- to medium-sized business (SMB) cardholders, while U.S. Bank adds a cash flow projection tool to the...
October 04, 2022
EMEA Daily: MoneyGram Powers Remittances for UAE’s Jingle Pay App
Today in Europe, the Middle East and Africa (EMEA) news, Moneygram announces a new partnership with Jingle Pay, while the European Council officially approves the Digital Services Act. MoneyGram Powers...