Zelle has moved more than 5 billion payments in five years. Looking ahead, it plans to dive deeper into fraud prevention, SMBs, and disbursement
The UK business secretary has written to Starling about claims of ineffective customer checks.
SkyTab POS offers hardware products, value-added services, and integrations with third-party business solutions.
It will disrupt the bank’s plans for digital expansion, growth in the US, and drive for a younger customer base.
The programs are a part of Project REACh and can help Citi make up for potential losses in the event of an economic downturn.
Value-based care for seniors and Medicare members helps Walmart keep pace with Walgreens and CVS.
Some are calling the program designed to help Black and Hispanic families achieve home ownership ‘predatory lending.’
Cash App users can now pay on popular retail sites like American Eagle and JD Sports, which can help Block boost payments volume and revenues.
The payments fintech launched an ewallet to tap digital payments demand in Europe.
A UK parliamentary committee wants ‘Big Bang’ deregulation to improve banking competition.
Three NYC pensions filed shareholder proposals to Mastercard and Visa asking them to establish clearer standards for tracking gun sales.
Consumers’ sentiment is shifting. They now put more trust in institutions other than their primary bank or credit union for financial and banking services.
New use cases like adding credit card advances could counter the CBDC’s growth and help titans maintain their market dominance.
DOJ vs. Apple: The US justice department is considering a challenge to Apple’s market dominance. Developer restrictions, payments ecosystems, and anticompetitive business practices could be key areas of conflict.
Though its new ad campaign claims to open the banking world to those normally left out, it misses groups truly in need.
WhatsApp users in India can shop for and pay for groceries within the app, which could boost engagement with its payments tools.
Though FIs should keep these at the top of mind when creating digital strategies, they should proceed with caution.
Affirm’s gross merchandise volume grew 77% YoY in Q4. It plans to launch new products and features to boost volume and engagement.
Visa and Mastercard blamed fraud and intensifying competition for higher post-Brexit cross-border fees in responses to the UK Parliament.