JPMorgan Chase, Bank of America and Wells Fargo hold about $1.6 trillion in deposits that pay no interest, the Financial Times reported. That money tends to stay put because moving it takes time. Artificial intelligence (AI) agents could remove that friction. Meta’s Muse and similar...
Chase is expanding its payroll service to help business clients dealing with cash flow pressures. The new offering, announced Wednesday (Oct. 7), brings Chase Payroll alongside the banking and payment activities business customers already manage through the lender. “Small business owners are constantly balancing employees,...
Neobanks are spending far more on fraud prevention even as their fraud losses continue to rise. Fraud prevention spending among neobanks, digital-only banks and FinTechs jumped 357% in a year, from $1.8 million to $8 million per institution, according to the PYMNTS Intelligence report “Scams...
The corporate finance provider landscape has traditionally been defined by a simple truth. However sophisticated enterprise resource planning (ERP) became, eventually someone still had to go to the bank to move the money. But the news Tuesday (Oct. 6) that SAP has launched new embedded payments...
October 07, 2026
Watch more: Need to Know With Max Spivakovsky of SoFi A consumer does not have to stop spending to become more careful about money. Debit spending offers a closer look at how consumers are balancing everyday expenses with travel and entertainment, according to Max Spivakovsky, senior director of global payments risk management at SoFi Tech […]
October 05, 2026
Moving money faster has compressed the time banks have to answer a more complicated question: How should this particular payment move? A transaction can arrive through online or mobile banking,...
October 01, 2026
Wall Street’s embrace of digital assets has reached the point where saying a bank is “doing blockchain” reveals almost nothing about what it can actually do on-chain. One bank may...
September 30, 2026
The next generation of payment fraud doesn’t seem very suspicious. In fact, it already sounds like a familiar customer, types at a perfectly ordinary pace and navigates a banking application...
October 07, 2026
Chase is expanding its payroll service to help business clients dealing with cash flow pressures. The new offering, announced Wednesday (Oct. 7), brings Chase Payroll alongside the banking and payment activities business customers already manage through the lender. “Small business owners are constantly balancing employees, customers, expenses and cash flow,” Stevie Baron, CEO of Chase […]
October 06, 2026
There is more work to be done in modernizing the bank regulatory and supervision framework, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (Oct. 6). In a speech delivered at the Community Banking...
October 06, 2026
Wells Fargo says customers can now personalize debit cards within its mobile banking app. The Mobile Card Design Studio lets customers upload personal photos from their phone to create personalized...
October 06, 2026
Rain is the latest digital asset company seeking to launch a national trust bank. The stablecoin payments infrastructure company announced Monday (Oct. 5) that it has applied to the Office...
