Digital banking has hit new highs over the past year, with one study finding that 50 percent of consumers have used digital banking apps more than they did before the pandemic. The same study also found that 87 percent of consumers plan to continue with...
In today’s top news, LendingClub gets approval to acquire Radius Bancorp, and GDPR fines have escalated as European regulators step up enforcement. And Plaid plans to double the size of its European offices. LendingClub Gets OK To Acquire Radius Bancorp LendingClub has gotten the regulatory...
Eighty-six percent of consumers shopping online are targets of debit-card schemes and other forms of fraud, and these growing threats are pushing banks to rethink the tools in their fraud-fighting arsenals. In the Next-Gen Debit Tracker, People’s United Bank executives Karen Boyer and Frank Wheelahan...
Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending...
November 17, 2020
The great digital shift has created a host of problems for banks — 1 trillion problems to be exact. As reported by PYMNTS, more than half of all bank customers in the U.S. — representing 118 million individuals — use mobile banking apps. And 51 percent of mobile banking app users log in and use […]
August 17, 2020
The COVID-19 pandemic has made businesses and banks race to find solutions for immediate problems in recent months, but these firms must also consider how the pandemic could affect their...
February 06, 2017
Deposify, the security deposit management service, announced Friday (Feb. 3) it has inked a banking partnership with People’s United Bank. In a press release, Deposify said People’s United Bank is the first U.S. bank to support Deposify’s technology in the state of Massachusetts. Deposify provides landlords and tenants with mobile first trust accounts that enable them to […]
