November 03, 2023
The Clearing House Says Processing Error Impacted Less Than 1%...
The Clearing House has reportedly said that it is not aware of any ongoing issues after a narrow processing error that affected deposits and transfers at some banks. Bank of America had...
November 02, 2023
Continuing Unemployment Claims Creep Up As Layoffs Mount
Jobless Americans might be having trouble finding work, according to new unemployment data. Figures released Thursday (Nov. 2) by the Labor Department showed that continuing jobless claims — an indicator for the number...
October 30, 2023
1 in 5 Consumers Cite Job Loss as Reason for...
Despite a decline in inflation rates, living paycheck to paycheck remains the predominant lifestyle for a significant portion of Americans. This financial tightrope is not limited to those with lower incomes; it extends its...
October 27, 2023
Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?
In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however, as to what comes next....
October 24, 2023
Venmo Remains on Top in PYMNTS Credit Card Apps Ranking
This month in the PYMNTS Provider Ranking of Credit Card Apps we don’t see a lot of movement in terms of rankings, but we do see some score changes. Plus, there is...
October 19, 2023
Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the U.S. have quietly been cutting...
October 18, 2023
Right-Now Use Cases Can Turn Instant Payments Into an Instant...
Businesses and individuals are always going to need to get paid. That’s why the context around that payment, whether it’s speed, experience, convenience, personalization, cost, security or a combination of...
October 17, 2023
Nearly One-Third of Insurance Consumers Prefer Not to Pay Extra...
Legacy payment systems in the financial and insurance industries have often resulted in delays, errors and complications, leading to damaged customer loyalty and lost business. As noted in a recent...
October 17, 2023
Fast-Tracking Funds: Finance and Insurance Accelerate Payments
Legacy payments have been a problem across all industries, with paper checks, postal and delivery services causing payment errors, delays and endless complications. Nowhere is this more keenly felt than...
