With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies starting in June 2020. The companies, however, have an agreement to provide Bank of America...
A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In banking, “too big to fail” has become shorthand for financial firms of scale and reach so significant that any operational or financial difficulties may have ripple effects on the economy at large. In a congressional hearing on the proposed merger of SunTrust and BB&T,...
Atom, a banking startup in the UK that caters to millennials, has raised £50M ($62.4 million) in a funding round and is now valued at £530 million ($660 million), according to a report by TechCrunch. Get the Full Story Complete the form to unlock this...
RHB in Malaysia is introducing fraud protection cards with mini screens on the back that auto-generate new card verification value (CVV) numbers, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. 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 completing this form,...
SunTrust Banks Inc. reported results Thursday (July 18) that surpassed revenue expectations but fell slightly under earnings estimates for the second quarter. But beyond the quarterly numbers, management said the company is satisfied with the movement toward a planned merger with BB&T Corp. Get the...
Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn to the cloud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Referred to as an “over-the-top” digital banking platform, London-based Curve has cleared $55 million in its latest funding round. Curve’s claim to fame in financial services is allowing customers to consolidate their many cards into a single Curve card and app. The theory is that...
