banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Revolut Introduces Fraud Protection for Crypto Customers
Revolut Introduces Fraud Protection for Crypto Customers
December 17, 2024  |  Cryptocurrency

Revolut will reportedly offer new anti-fraud security measures to its cryptocurrency customers starting next year. “In the crypto space, there’s a little bit of an issue with...

READ MORE >
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024  |  Bank Regulation

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not...

READ MORE >
Card Networks Challenge FinTechs for Account-to-Account Payments Share
Card Networks Challenge FinTechs for Account-to-Account Payments Share
December 16, 2024  |  Payments Innovation

Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. In...

READ MORE >
HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
December 16, 2024  |  Bank Regulation

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that...

READ MORE >
Greece to Cap Banks’ Fees on Money Transfers
Greece to Cap Banks’ Fees on Money Transfers
December 15, 2024  |  Bank Regulation

Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. As Bloomberg News reported, Prime Minister Kyriakos Mitsotakis told lawmakers...

READ MORE >
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
December 13, 2024  |  Bank Regulation

The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to...

READ MORE >
Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia
Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia
December 13, 2024  |  Banking

HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries. The bank is considering focusing only on...

READ MORE >
Bridging the Gap: Connecting Small Businesses to the Broader Business Ecosystem
Bridging the Gap: Connecting Small Businesses to the Broader Business Ecosystem
December 13, 2024  |  SMBs

No business wants to get paid slower. No one wants to park their financial operations with a larger company. And no one wants to pay...

READ MORE >
Banking Industry’s Net Interest Margin Rises After 3 Quarterly Declines
Banking Industry’s Net Interest Margin Rises After 3 Quarterly Declines
December 12, 2024  |  Banking

The banking industry’s net interest margin increased in the third quarter as the increase in loan yields exceeded the increase in the cost of deposits...

READ MORE >