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.

Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation

Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
June 22, 2020  |  News

In today’s top news, Wirecard says the missing $2.1 billion from its Philippines accounts probably never existed, and checkout.com raised $150 million. Plus, U.S. consumers...

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US Banks Saw $2T Increase In Deposits During Pandemic
US Banks Saw $2T Increase In Deposits During Pandemic
June 22, 2020  |  Banking

A record $2 trillion has been deposited into U.S. bank accounts since the coronavirus first hit the U.S. in January, according to a report by...

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Chesapeake Bank Joins The Clearing House’s RTP Network
Chesapeake Bank Joins The Clearing House’s RTP Network
June 21, 2020  |  B2B Payments

Virginia’s Chesapeake Bank has joined The Clearing House’s Real-Time Payments (RTP) network, showing that smaller community banks have joined the new trend of enabling instantaneous payments...

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Profile Software Unveils FX Risk Management Tool
Profile Software Unveils FX Risk Management Tool
June 19, 2020  |  B2B Payments

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumennet eFX offering. The technology was created...

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The Better Mobile Banking App
The Better Mobile Banking App
June 19, 2020  |  Mobile Applications

The intrinsic worth of payments cards is typically defined by consumer perceptions around convenience, speed, security and rewards. Those factors still rank highly, but technological...

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Surecomp Rolls Out Fastrade Tool For SMB Trade Finance
Surecomp Rolls Out Fastrade Tool For SMB Trade Finance
June 18, 2020  |  B2B Payments

To let financial institutions provide trade finance functions to their small and medium-sized business (SMB) customers, Toronto-based Surecomp has rolled out its Fastrade front office...

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Banks Embrace Real-Time Data Connectivity With Third-Party FinTechs
Banks Embrace Real-Time Data Connectivity With Third-Party FinTechs
June 18, 2020  |  B2B Payments

With a focus on expanding functionality for business customers, financial institutions (FIs) this week turned to FinTechs that could facilitate real-time data connectivity and analysis....

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FCA Fines Commerzbank London $47.5 Million For AML Failings
FCA Fines Commerzbank London $47.5 Million For AML Failings
June 17, 2020  |  Bank Regulation

Germany’s Commerzbank London has agreed to pay a fine of £37,805,400 — about $47.45 million — “for failing to put adequate anti-money laundering (AML) systems...

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Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce
Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce
June 17, 2020  |  AML

In financial fraud, the breaches come when bank standards are lax. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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