March 04, 2024
Santander Slashes Jobs as Banking’s Digital Shift Continues
Santander is reportedly cutting 320 jobs as it continues to embrace digital banking. The Spain-based bank has laid off a little under 3% of its American staff in the past few days, Bloomberg...
March 01, 2024
Mastercard and Loop Partner on Credit Cards, Payments in Saudi...
Mastercard partnered with Loop, a digital payments technology company licensed by the Saudi Central Bank, to launch credit card and payment solutions in Saudi Arabia. Loop will use Mastercard’s technology and expertise to...
February 23, 2024
Swiss National Bank Says Merchant Cash Acceptance Unchanged Since 2021
Swiss National Bank (SNB) Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity of payment apps. Speaking at...
February 21, 2024
PSCU/Co-Op Solutions Combination Creates Innovation ‘Aggregator’ for Credit Unions
Mergers are born of the principle that a combination of enterprises is greater than the sum of the respective parts. Chuck Fagan, president and CEO of PSCU/Co-op Solutions, told Karen...
February 14, 2024
PNC Bank to Add 100 Locations, Renovate 1,200 Through 2028
PNC Bank will invest $1 billion to open more than 100 new locations and renovate 1,200 existing ones through 2028. The bank currently has about 2,300 brick-and-mortar locations across the...
February 13, 2024
Can Banks and FinTechs Bridge the Divide to an Open...
By igniting a new wave of innovation in the financial industry, open banking promises to unlock a profoundly enhanced consumer payment experience. Its architecture not only facilitates faster payment methods...
February 12, 2024
Bank of America Reports Digital Banking Alerts, Logins Rise 11%
Bank of America clients had a record 23.4 billion digital interactions with the bank in 2023. Those interactions include logging into their accounts 12.8 billion times and receiving 10.6 billion proactive...
February 12, 2024
Digital Changed How Consumers Bank — Data Will Evolve Them
The rise of seamless, digital experiences has democratized convenience while transforming countless sectors. More than two decades into the 21st century, the banking landscape is now undergoing an evolution driven...
February 08, 2024
Bank Branch Buildouts and Upgrades Show Omnichannel Is Here to...
The pandemic threatened to make banking in the brick-and-mortar setting a bit of an anachronism. Lockdowns meant that getting things done at the counter with a teller, or sitting down...