FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from the Office of the Comptroller of the Currency. Last week Robinhood, the company behind the free mobile trading app, filed an application to...
Moody’s Investors Service has released its Q1 report on consumer loans and their performances for the biggest U.S. retail banks. The loans includes auto, credit cards and mortgages, according to a release by the company. Get the Full Story Complete the form to unlock this...
Sweden’s oldest bank is facing investigations in the United States as it has acknowledged it hasn’t done enough to prevent money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Mastercard and BMO Bank of Montreal announced Wednesday (April 24) that BMO is implementing Mastercard Send in an effort to deliver faster, cheaper and transparent international payment services in Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Wells Fargo‘s interim CEO faced critics at the company’s annual meeting in Dallas. C. Allen Parker was interrupted more than a dozen times during his opening remarks, with hecklers shouting “frauds” and “criminals” as he tried to speak. “Wells Fargo, you cannot be trusted,” one...
Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average, 2.24 percent interest rate. Now, because of the company’s billion-dollar achievement, Wealthfront is raising the interest rates to 2.29 percent. “Once...
Wireless carrier T-Mobile is getting into the banking market, announcing Thursday (April 18) the launch of T-Mobile MONEY nationwide, a no-fee, interest-earning, mobile-first checking account that anyone can open and manage from their smartphone. Get the Full Story Complete the form to unlock this article...
U.K. bank NatWest has announced a biometric payment technology for its commercial and business customers. 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,...
Chase announced Monday (April 15) that customers are now able to send gift cards via the Chase Mobile app or website. In a press release, Chase said customers can choose from more than 60 leading retailers to easily send gift cards. The feature comes with...
