Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. According to a report in the Oregonian, the company is also letting go of five members of its executive team. Get the Full...
Europe has mandates in place for open API adoption (perhaps you’ve heard of PSD2)? Here in the States, the playing field is taking shape, but in an interview with PYMNTS’ Karen Webster, Clayton Weir, Co-Founder and Chief Strategy Officer of FI.SPAN, sees opportunity on the open...
As concerns about consumer debt and consumer debt delinquency are rising — and as the instances of both are also on the increase — Discover Inc. had some good news to add into the mix. Charge-off rates seem to have dipped slightly in recent weeks....
Financial company Barclays is gearing up to shutter 54 England-based bank branches by the end of 2017 as part of its cost-cutting efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Community banks have long been heralded as local leaders that create jobs and reinvest in their communities, but ICBA Bancard President and CEO Tina Giorgio tells PYMNTS’ Karen Webster that community banks are also nimble users of new technology platforms, including new methods of payments.
Barclays announced Thursday (Aug. 10) that it has named Barry Rodrigues as chief executive of Barclaycard International. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
JPMorgan Chase has reportedly canceled a program in which customers could replace lost debit cards instantly at a slew of the company’s branches. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Wells Fargo warned late last week that a deeper dive into its sales practices raises the possibility for a “significant increase in the identified number of potentially unauthorized accounts” — including, potentially, a further dip in Wells Fargo’s stocks. Get the Full Story Complete the form...
Charge-offs have hit a four-year high — and banks, markets and economy watchers are keeping close tabs on what appears to be the reversal of a six-year trend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
