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.

Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt

Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt
Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt
November 15, 2020  |  Debt

U.S. consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank...

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UK’s Recognise Gets Its ‘Restricted’ Banking License
UK’s Recognise Gets Its ‘Restricted’ Banking License
November 15, 2020  |  B2B Payments

Recognise, a subsidiary of Britain’s City of London Group, has been awarded a restricted banking license by regulators in the U.K., the company announced, in...

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Today In Digital-First Banking: FISPAN Signs Onto Mastercard’s Start Path; Wells Fargo Looks For Bidders On Private-Label Card Unit
Today In Digital-First Banking: FISPAN Signs Onto Mastercard’s Start Path; Wells Fargo Looks For Bidders...
November 13, 2020  |  Banking

In today’s top digital-first banking news, FISPAN has joined Mastercard’s Start Path accelerator program, while Wells Fargo & Co is looking to sell its private-label...

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Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
November 13, 2020  |  The Weekender

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives...

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SEC Charges Former Wells Fargo CEO And Bank Head In Fraud Scandal
SEC Charges Former Wells Fargo CEO And Bank Head In Fraud Scandal
November 13, 2020  |  Cybersecurity

The U.S. Securities and Exchange Commission (SEC) on Friday (Nov. 13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells...

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Real-Time Revs Up As Consumers’ Awareness Grows
Real-Time Revs Up As Consumers’ Awareness Grows
November 13, 2020  |  Payments Innovation

Real-time payments (RTP) methods aren’t much use if few people understand what they are, where to find them and how to use them. That’s why...

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Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
November 13, 2020  |  Smarter Payments

Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme...

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Railsbank Funding Shows That BaaS Is Heating Up
Railsbank Funding Shows That BaaS Is Heating Up
November 12, 2020  |  Banking

The money flows, and banking-as-a-service (BaaS) grows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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