July 22, 2024
3 Ways Automation Is the Shortcut to Reducing B2B Payments...
Better business-to-business (B2B) payments need to reduce costs, enable scalability, and support data-driven decision-making. Traditionally, the manual processes supporting the accounts payable (AP) and accounts receivable (AR) function have tied...
July 22, 2024
Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny...
Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny on anti-money laundering (AML) efforts....
July 22, 2024
CE 100 Index Falters 0.8% as CrowdStrike Plunges on Global...
The CE 100 Index faltered 0.8% in a week that reminded us just how connected we all are — by software, hardware, and apps — and how an outage can...
July 22, 2024
Fending Off Fraud in Digital Banking
Fraud’s continued predation of digital banking has been nothing short of alarming. Financial institutions (FIs) are exhausting millions in a determined bid to stay one step ahead, with trust, money...
July 21, 2024
Payments FinTech Ebury Reportedly Planning UK IPO
Santander-owned payments FinTech Ebury is reportedly planning to go public in the U.K. The London-based company is working with investment bankers from Goldman Sachs on the planned $2.5 billion initial...
July 21, 2024
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded. This has led many of these consumers to seek help from the U.K.’s Financial Ombudsman Service...
July 19, 2024
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the Paris Olympics, and nearly any...
July 19, 2024
Fifth Third Earnings Focus on Liquidity and Payments Innovations
This quarter’s bank earnings, like the macro environment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth Third Bancorp executives, who told investors during...
July 19, 2024
Open Banking Faces Challenges as Banks Urge Delay in New...
Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Data underpins the joint efforts of traditional...
Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into effect in 2024. In the “FinTech Tracker®,” a collaboration with Sezzle, PYMNTS examines what will be required as banks and FinTechs will rely on each other for data sharing and compliance.
One-Third of Credit Union Members Would Leave for Better Credit Products
Consumers are on the hunt for better access to credit and financing, and they’re not afraid to shop around to find the FI providing the lowest rates and most convenient offerings. PYMNTS’ latest study of more than 4,000 consumers and 154 FinTech and CU execs reveals what CUs can do to win — and keep — consumers’ business. Read more in Credit Union Innovation: How Credit Products’ Rates and Terms Impact FI Selection,” a collaboration with PSCU.