banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Challenger Bank Monzo Abandons US Banking License Application

Challenger Bank Monzo Abandons US Banking License Application
Challenger Bank Monzo Abandons US Banking License Application
October 04, 2021  |  Digital-First Banking

London-based FinTech company Monzo has pulled back its application for a U.S. banking license, according to a Monday (Oct. 4) report from CNBC. Get the...

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New Wells Fargo Reflect Credit Card Rewards On-Time Payments
New Wells Fargo Reflect Credit Card Rewards On-Time Payments
October 01, 2021  |  Credit Cards

Wells Fargo & Company on Friday (Oct. 1) announced the rollout of the Wells Fargo Reflect Card, a no-annual-fee card that gives holders rewards for...

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Google Abandons Plans for Plex User Bank Accounts
Google Abandons Plans for Plex User Bank Accounts
October 01, 2021  |  Digital Banking

Google has jettisoned its plan to offer bank accounts to its users, The Wall Street Journal reported on Friday (Oct. 1). Get the Full Story...

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Regulatory Lag Keeping More Businesses from Embracing Blockchain Payments for X-Border Trade
Regulatory Lag Keeping More Businesses from Embracing Blockchain Payments for X-Border Trade
September 30, 2021  |  B2B Payments

It may still be an emerging technology, but businesses worldwide have already begun to explore how to use blockchain tech and cryptocurrencies in support of...

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UK’s Push Toward Crypto Framework May Buck Bankers’ Reservations
UK’s Push Toward Crypto Framework May Buck Bankers’ Reservations
September 30, 2021  |  Cryptocurrency

In the push toward cryptocurrency regulations, a fragmented approach still reigns. Depending on where you look, there are outright bans (in China), while other nations,...

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New Zealand Central Bank Seeks Public Feedback on CBDC
New Zealand Central Bank Seeks Public Feedback on CBDC
September 30, 2021  |  CBDC

The Reserve Bank of New Zealand (RBNZ) released two issues papers on Thursday (Sept. 30) that outline the central bank’s thoughts about the pros and...

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Virgin Money Emphasizes Online Presence with 20% Branch Closure
Virgin Money Emphasizes Online Presence with 20% Branch Closure
September 30, 2021  |  Digital-First Banking

British bank Virgin Money UK Plc is closing almost one-fifth of its branches in the next few months to ramp up its digital and mobile...

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Simple but Sophisticated APIs Hold Promise for B2Bs to Embed Banking Services
Simple but Sophisticated APIs Hold Promise for B2Bs to Embed Banking Services
September 30, 2021  |  B2B Payments

In an increasingly connected economy that’s laser-focused on profitability and rapid, digitized transactions, anything that can improve efficiency, agility and the customer experience is sure...

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Fiserv to Open Location in New Jersey
Fiserv to Open Location in New Jersey
September 29, 2021  |  Digital Banking

Global FinTech Fiserv on Wednesday (Sept. 29) announced it will open a new office in Berkeley Heights, New Jersey, expanding the company’s presence in the...

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