Wells Fargo is launching a new, low-cost bank account — with access as well to a new digital payments service — in its latest move to push beyond a series of scandals. Get the Full Story Complete the form to unlock this article and enjoy...
Consumers are doing a lot more of everything online these days, from ordering groceries and furniture to splurging on subscriptions for designer socks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly...
With profits and margins at all-time lows, the U.S. banking system is in flux as customer deposits surge and make the safety net for failures fall below a legal limit, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock...
Many financial institutions (FIs), including some of the world’s biggest, found out the hard way that core legacy banking systems were not immune from COVID’s unpredictable effects on network volumes and server workloads as the population moved life online, including banking. Get the Full Story...
The pandemic has accelerated modernization efforts among banks across the globe, but not all banks are created equal when it comes to cloud adoption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
“Haphephobia” is the fear of being touched, or of touching other things. Safe to say most people are now familiar with some form of this anxiety, as news reports keep frightening us with the notion that the coronavirus may lurk on any surface, ATM or...
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Citigroup Inc. has discovered obsolete software caused a nearly $1 billion problem earlier this month. 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 daily newsletter,...
