What does the downfall of Silicon Valley Bank mean for the venture debt sector? It’s a question asked by a Monday (April 10) report in The Wall Street Journal (WSJ) report, which noted that SVB had helped pioneer the crucial-for-startups venture debt field. When the...
With privacy top of mind for most consumers, opting into using receipt data may require collection transparency. Item-level receipt data integration has gained increasing attention. Through analyzing consumer information gathered from consumer-shared receipts and card transactions, financial institutions (FIs) and FinTechs can personalize and therefore...
The banking and wealth management group Investec has launched its first day-to-day business banking account in, what a Wednesday (July 14) Reuters article calls, “a push to attract customers among South Africa’s more than 100,000 mid-sized firms.” The company said Wednesday it was offering this...
Walmart’s MoneyCard, issued by Green Dot Bank, is now being offered as a debit card linked to a demand deposit account (DDA) instead of being a prepaid card, per a Thursday (June 24) press release. Walmart Vice President of Financial Services Julia Unger said that...
October 20, 2020
Consumers love how easy it is to use credit cards to make purchases, but hate how hard it can be to dispute a transaction. In the Credit Card Frictions Report, PYMNTS surveyed over 2,000 consumers to examine how frictions such as card disputes and declines affect users’ perceptions of merchants, issuers and networks — in ways both good and bad.
June 19, 2020
Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct manual invoice and payment processing...
January 13, 2020
Banks need strong application programming interface (API) strategies if they want to retain their business clients. Business to business (B2B) APIs enable financial institutions (FIs) to give their business customers...
January 03, 2019
Well, let’s start with the bad news first, even at the risk of robbing some of the joy and optimism that comes with the new year. As bad as one...
December 06, 2024
The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and charging illegal ATM fees. The agency’s complaint centers on the Direct Express program, which Comerica Bank has administered on behalf of the Department of the Treasury since 2008 and enables about 3.4 […]
April 10, 2023
What does the downfall of Silicon Valley Bank mean for the venture debt sector? It’s a question asked by a Monday (April 10) report in The Wall Street Journal (WSJ)...
June 24, 2021
Walmart’s MoneyCard, issued by Green Dot Bank, is now being offered as a debit card linked to a demand deposit account (DDA) instead of being a prepaid card, per a...
July 29, 2020
U.S. bank profits are at double the risk for loan losses than their European counterparts, according to the Financial Times on Tuesday (July 28). According to consultants with Accenture, European...
