There are roughly 33 million small businesses in the United States, employing a bit less than half of workers in the country, according to the U.S. Chamber of Commerce. All businesses need capital to survive and thrive, and yet banks’ servicing of those needs is...
Westpac, a bank operating in Australia and New Zealand, plans to enable customers to immediately block their account through its app or online banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A friendlier regulatory environment has cryptocurrency companies and FinTechs trying to become banks. 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....
Mastercard has teamed with ICBA Payments, payments subsidiary of the Independent Community Bankers of America. 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...
British bank Virgin Money has launched an open banking-focused partnership with Mastercard. 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...
The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including pay by bank and immediate payroll deposits. They can foster strong relationships with commercial customers with speedier and more transparent...
Michael Haney describes himself as a “reformed banker.” As head of product strategy at composable banking architecture provider Galileo Financial Technologies, he has a unique perspective on payment modernization and paints a vivid picture of modern consumer expectations that some banking executives ignore at their...
Wells Fargo reportedly sued JPMorgan Chase on Monday (March 10), alleging that the bank knowingly made a loan based on faulty numbers, knowing that the loan would later be sold off in pieces to investors. Get the Full Story Complete the form to unlock this...
