Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further improve the cross-border payments experience for multi-banked corporates. Get the Full Story Complete the form to unlock this article and...
Execution is competitive advantage in corporate payments. Data is the key to execution, where context matters, too. IGTB EVP Michel Jacobs tells PYMNTS’ Karen Webster that “why” matters just as much as “how much” and “where” – and machine learning and AI can help banks...
Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market....
American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. entered into an agreement with Infosys Finacle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Wells Fargo, the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
U.K. bank Barclays is considering whether it should expand further into the U.S. According to The Wall Street Journal, Barclays is considering the move due to pressure from activist shareholder Sherborne Investors. Other possibilities include rolling out its U.K. payments platform in the states, as...
ATM network operator LINK has partially canceled its plans to cut the fees that banks pay to British cash machines operators. Finextra reported that, earlier this year, LINK had announced a phased 20-percent reduction in interchange rates over four years. The first 5 percent cut took...
Inevitable? Maybe (even if one’s view of inevitability may depend on one’s views of science and history). Well-financed and backed by significant IT focus? Yep. Favorable to regulators? Indeed. Of interest to consumers? Well, they are still cutting their TV cords and making pop music...
The government in France is working on a new plan to help the country’s poor in which it could cap the fees a bank can apply to them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
