Open banking has been discussed as another way to move money, where debate over who controls the data that makes those payments possible is giving way to how that data is delivered, who bears the cost of maintaining secure application programming interfaces (APIs), and whether...
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade. Get the...
FinTechs are treating banking licenses as strategic infrastructure. Klarna’s decision to apply to establish Klarna Bank USA, a Utah-chartered industrial bank, illustrates that shift. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The European Central Bank’s payment system has experienced two outages in one week. 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, PYMNTS Today. By...
Klarna has become the latest FinTech aiming to become a regulated U.S. bank. 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, PYMNTS Today. By...
Starling Bank plans to cut about 130 jobs as it automates roles and restructures its banking and technology operations to eliminate duplicate roles, the Financial Times reported Friday (July 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Swiss bank UBS is reportedly planning to launch a bank for wealthy Americans. 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, PYMNTS Today....
Regions Bank parent company Regions Financial Corp. has expanded its services by acquiring The Frazer Lanier Company, a Montgomery, Alabama-based full-service investment banking firm specializing in municipal and corporate securities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Last month, JPMorgan Chase was ordered to pay $4.2 million in a wrongful-termination case. 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, PYMNTS Today. By...
