PYMNTS-MonitorEdge-May-2024

financial institutions

SWIFT’s Headway on Faster Cross-Border Payments Is Just the Beginning
SWIFT’s Headway on Faster Cross-Border Payments Is Just the Beginning
August 22, 2023  |  Faster Payments

One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed.   Faster payments tend to translate into greater...

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Neches Credit Union Picks PSCU For Credit Card Support
Neches Credit Union Picks PSCU For Credit Card Support
August 22, 2023  |  Credit Unions

Neches Federal Credit Union has picked PSCU for credit card processing services and support. PSCU, a credit union service organization, announced the partnership in a news release provided...

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UK Government, Lenders Cooperate on Interest-Free Loans
UK Government, Lenders Cooperate on Interest-Free Loans
August 15, 2023  |  Loans

Amid the current cost of living crisis in the United Kingdom, some commercial lenders have joined forces with the British government to offer interest-free loans...

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Banks Need Data Providers to Grapple With the Changes in KYB Compliance
Banks Need Data Providers to Grapple With the Changes in KYB Compliance
August 15, 2023  |  Bank Regulation

Charles Zhu, vice president of product at Enigma, said “know your business” (KYB) mandates can be onerous on financial institutions (FIs) building an in-house compliance...

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PULSE and FICO Extend Partnership to Deliver Fraud-Detection Technology
PULSE and FICO Extend Partnership to Deliver Fraud-Detection Technology
August 09, 2023  |  Security & Fraud

PULSE, a Discover company, has extended its partnership with FICO to deliver fraud-detection technology to financial institutions. This collaboration permits PULSE’s continued enhancements of its DebitProtect...

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What Card-Linked Offers Have Been Missing
What Card-Linked Offers Have Been Missing
July 28, 2023  |  Data

Eric Dean, head of platform partnerships at Banyan, told PYMNTS that flexibility must govern marketing programs as merchants and financial institutions (FIs) seek to streamline...

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Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
July 26, 2023  |  Mastercard

Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards. Following cease-and-desist letters sent by Mastercard last week, companies...

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Experian Enables Consumers to Share Payroll Information for Verification
Experian Enables Consumers to Share Payroll Information for Verification
July 19, 2023  |  Authentication

Experian has expanded its real-time income and employment verification offering. The enhancement enables consumers to provide permissioned access to their payroll accounts and share information...

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B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
July 17, 2023  |  Commercial Payments

Thunes has secured $72 million in a Series C round of funding with support from a range of strategic investors. The Singapore-based B2B payment infrastructure...

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