PYMNTS-MonitorEdge-May-2024

td bank

TD Bank Provides Customers Faster Access to Wages With ‘Early Pay’
TD Bank Provides Customers Faster Access to Wages With ‘Early Pay’
March 26, 2024  |  Disbursements

TD Bank introduced a tool that lets customers get direct deposits two days early. TD Early Pay, announced in a Tuesday (March 26) press release, is...

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TD Bank Adds Mobile-Based Payment Acceptance Option for Small Businesses
TD Bank Adds Mobile-Based Payment Acceptance Option for Small Businesses
February 22, 2024  |  Mobile Payments

TD Bank has launched “Tap to Pay on iPhone,” a new mobile-based payment acceptance option that aims to provide greater flexibility and convenience for business owners....

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CFPB Says Overdraft Fees Are Junk Fees — But Are They?
CFPB Says Overdraft Fees Are Junk Fees — But Are They?
January 17, 2024  |  Bank Regulation

Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer...

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TD Bank and Plaid Partner to Ease Access to Apps
TD Bank and Plaid Partner to Ease Access to Apps
December 14, 2023  |  Digital Banking

TD Bank Group and Plaid have partnered to eliminate the need for TD customers in Canada and the United States to share login credentials with...

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TD Bank to Cut 3% of Workforce
TD Bank to Cut 3% of Workforce
November 30, 2023  |  Banking

Toronto-Dominion Bank, Canada’s second-largest lender, has reportedly undertaken a restructuring plan that includes a 3% reduction in its workforce. The job cuts will be implemented...

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Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
September 08, 2023  |  Banking

The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing...

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TD Bank Faces Anti-Money Laundering Probes From US Regulators
TD Bank Faces Anti-Money Laundering Probes From US Regulators
August 24, 2023  |  AML

TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this...

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Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
May 31, 2023  |  Banking

Overdraft fees have been a hot button issue in financial services.  But they’re less of a revenue source for banks — significantly less — than...

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Class-Action Lawsuit Targets TD Bank After Failure of First Horizon Deal
Class-Action Lawsuit Targets TD Bank After Failure of First Horizon Deal
May 23, 2023  |  Legal

A class-action lawsuit has reportedly been filed against TD Bank following its failed attempt to acquire First Horizon Bank. The Arbitrage Fund, which is a First Horizon shareholder,...

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