Five years after open banking became a regulatory requirement, the U.K. now claims 7 million active users. That figure, representing less than 20% of the...
The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services,...
Citizens is now making Zelle available to small business customers through its mobile banking app. The financial institution said in a Wednesday (Feb. 1) press...
One of the worst-kept secrets in payments was finally confirmed last week. That’s when Early Warning Services (EWS) announced its plans to launch a digital...
The banks have two targets in the digital wallet battle — one, Apple Pay, may be easier to “beat.” PayPal may prove to be a...
America’s biggest banks are reportedly launching a digital wallet to take on Apple and PayPal. The banks are developing a product that will let consumers...
Super-regional bank Truist’s latest results show a digital transformation that rivals the largest national FIs. Coming off a year where Truist— formed from the 2019...
Big banks’ earnings have shown the great financial services digital shift continues. J.P. Morgan, Bank of America, Citi and Wells last week provided variations on...
For Bank of America, the great digital shift is very much in evidence. The company’s latest quarterly results showed that digital “sales” made through the...