PYMNTS-MonitorEdge-May-2024

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.

Lloyds To Shrink Size Of Branches, Get Rid Of Service Counter
Lloyds To Shrink Size Of Branches, Get Rid Of Service Counter
April 04, 2017  |  Mobile Commerce

Lloyds Bank of the U.K. announced it is gearing up to reduce the square footage of hundreds of its branches, and in some instances, it’s...

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For Merchant Acquiring, Asia’s Banks Must Go Fax to the Future
For Merchant Acquiring, Asia’s Banks Must Go Fax to the Future
April 04, 2017  |  Data Drivers

In Asia, banks looking to serve the burgeoning number of new merchants are faced with unraveling and retooling any number of antiquated processes, like using...

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Bank Of America Investing $1.5M In Fintech Hub Efforts In Charlotte, NC
Bank Of America Investing $1.5M In Fintech Hub Efforts In Charlotte, NC
March 31, 2017  |  Investments

Bank of America is gearing up to invest $1.5 million in a Charlotte, North Carolina, initiative to build a FinTech hub in the city. According...

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Sizzle/Fizzle: In Banking, Truth as Currency
Sizzle/Fizzle: In Banking, Truth as Currency
March 31, 2017  |  Sizzle/Fizzle

If you were in the market for a credit card or looking to sell a house, this past week was a good one, as rewards...

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Cash As Budding Problem And Pot-Hole (For Banks)
Cash As Budding Problem And Pot-Hole (For Banks)
March 28, 2017  |  Data Drivers

The death of cash may be wildly exaggerated, but for banks, cash is a dual edged sword: Store of value and store of risk. In...

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KfW Sends $5.4B In Error Due To Technical Glitch
KfW Sends $5.4B In Error Due To Technical Glitch
March 27, 2017  |  Security & Fraud

KfW, a state-owned bank in Germany, has mistakenly transferred more than $5.4 billion to four banks due to a technical glitch. According to a report in Bloomberg News, KfW...

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NC Senator Tillis Argues Goldman Sachs Is In It For The Little Guy
NC Senator Tillis Argues Goldman Sachs Is In It For The Little Guy
March 27, 2017  |  Banking

North Carolina Republican Senator Thom Tillis argued last week that Wall Street bank Goldman Sachs is looking out for the little guy and has been...

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Bank Lobbyists No Longer Optimistic Re: Dodd-Frank Revamp
Bank Lobbyists No Longer Optimistic Re: Dodd-Frank Revamp
March 23, 2017  |  Banking

The banking industry may have awoken the day after the presidential election with high hopes, which continued right up until just about the present day....

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House Of Fraser Pulls £29 Million From Tandem Investment
House Of Fraser Pulls £29 Million From Tandem Investment
March 21, 2017  |  Investments

House of Fraser’s Chinese owners pulled £29 million of a £35 million investment in London-based, app-only bank Tandem because of concerns that the Chinese government...

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