Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app. This new, unified digital platform consolidates into one mobile app what had been five different apps: Bank of America, Merrill Edge, My Merrill, Bank...
The increasing popularity of mobile banking apps, especially among younger generations, has driven the rise of digital banking. In fact, the convenience and ease of use offered by these apps have made them the preferred method of banking for many customers, with the majority of...
Gig worker-focused banking app Moves has teamed up with payment platform Astra. The partnership, announced Wednesday (July 26), offers Moves members real-time transfers via Astra’s connection to Visa Direct, Visa’s real-time push-to-card payments platform. “As the U.S. gig economy continues to grow, there is a critical need for financial solutions...
The way banks and their customers are coping with the new realities brought on by the COVID-19 pandemic could be a bellwether for the future of the financial industry. Online banking currently ranks as the most commonly utilized form of banking, followed by mobile banking,...
January 21, 2020
Though many banks may be betting big on advanced technology to help them in the fight against financial fraud, their customers would feel more secure if they were given more control over their banking apps’ authentication processes. There is a simple explanation for this: Recent PYMNTS research has shown that most consumers believe they are […]
September 13, 2019
Rampant data breaches have left consumers on edge about digital fraud. They are not only anxious that their personally identifiable information may be compromised, but also skeptical that their financial...
October 23, 2018
Consumers go on a lot of different types of digital journeys in a day — they might shop online, do some banking, move funds between accounts, do some light online...
April 17, 2024
Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money, according to a Wednesday (April 17) news release. “Many founders and investors are not happy with their bank accounts today and often need to switch between several platforms to access […]
March 21, 2024
Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app. This new, unified digital platform consolidates into one mobile...
July 26, 2023
Gig worker-focused banking app Moves has teamed up with payment platform Astra. The partnership, announced Wednesday (July 26), offers Moves members real-time transfers via Astra’s connection to Visa Direct, Visa’s real-time push-to-card payments platform. “As...
March 30, 2020
As retailers determine the best ways to reach retail customers during the coronavirus pandemic, ICICI Bank launched its banking services on Monday (March 30) on WhatsApp. The initiative allows consumers...
