Category: Retail Banking

November 29, 2023

The US tech titan has proposed ending its credit card and savings account partnership with the bank within the next 12 to 15 months, according to sources at the Wall Street Journal and CNBC. The pair first came together back […]

November 17, 2023

Bank of America attributes the rise in small business credit card balances in part to increased spending in 2021 and the first half of 2022. The report focused on small businesses noted that credit card spending has remained at about […]

November 9, 2023

The programme serves purchasers and owners of General Motors vehicles, enabling them to earn rewards on their spending through the GM credit card. Goldman Sachs beat out a small number of bidders, including Barclays, in October 2020 to purchase the […]

October 30, 2023

Named Paze, the new service will be offered by participating financial institutions in a bid to deliver an improved payment experience for consumers shopping online and fend off the growing advances of Big Tech giants in the financial services space. […]

October 27, 2023

Together, UPS and Happy Returns will help provide “easy digital experience and established drop-off points with UPS’s small package network and footprint of close to 5,200 The UPS Store locations,” UPS CEO Carol Tomé said in a press release. Using […]

October 23, 2023

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their […]

October 3, 2023

Holiday shoppers this year may have less room on their credit cards, and little enthusiasm for making that worse. In July, 61% of U.S. consumers lived paycheck to paycheck, 2 percentage points more than a year ago, according to research […]

September 13, 2023

For banks competing with an increasing number of fintechs and nontraditional lenders for depositors, offering attractive deposit pricing is crucial. As deposit rates have risen rapidly, customers are increasingly cognizant of where they’re putting their money. “Higher interest rates, as […]

September 12, 2023

Citizens Financial Group unveiled plans to launch a private bank later this year at the Barclays Global Financial Services Conference in New York City Monday. Citizens Private Bank will offer personal banking, mortgage and retail lending, wealth management and business […]

September 5, 2023

Utilising Network International’s acceptance solutions and “decades of expertise” in card processing and value-added services, JP Morgan Payments aims to “expand and complement” its existing payment offerings in the region. Founded in 1994 and headquartered in Dubai, Network International offers […]

August 15, 2023

Citizens Bank of Edmond CEO Jill Castilla’s latest venture combines two key elements of her professional life: financial services and the military. For the past several years, the bank executive and military veteran has been building a national digital bank […]

August 8, 2023

A shareholder sued KeyBank on Friday, claiming the Cleveland-based lender misled investors about its liquidity when it revised its projection for net interest income this year. The bank adjusted its NII estimate to a range of 1% to 4% — […]

August 7, 2023

From 2 September 2023, Revolut’s US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled a month later. A spokesperson for the bank told FinTech Futures that […]

July 31, 2023

Elon Musk last week unveiled a sweeping rebrand of Twitter, the social media site he acquired for $44 billion in October. The billionaire replaced the platform’s iconic bird logo with an ‘X,’ the site’s new name and reflection of his […]

July 25, 2023

Following earlier speculation that it might pursue the German market, Dimon finally confirmed the move with regional newspaper Handelsblatt on Friday, sharing that the US banking giant has “ambitions plans” for its arrival. Chase’s European debut has so far only […]

June 6, 2023

The start-up, which was founded in 2021 and launched nationwide last month, has raised a total of $7.5 million from investors including Better Tomorrow Ventures, Expa, Ayokunle Omojola, and Gokul Rajaram. It offers banking services tailored for the over-62 community […]

May 26, 2023

I have followed the company’s trajectory from the earliest Mac models, stood at the front of the queue to get the original iPhone, bought (cough) every one of the watches, bought some AirPods, and happily watch its TV and films. […]

May 24, 2023

The CEO made the statement about the company seeking a more varied Cash App user base in response to a question from a JPMorgan analyst about investor perceptions of Block being “over-indexed” to lower-income consumers. Supplementing the mobile app’s services […]

May 22, 2023

An FDIC-chartered bank, Sonata Bank provides digital banking and financial services to business and personal banking customers in Middle Tennessee and Western Kentucky, and to quick service restaurant (QSR) franchisees and their employees across the US. Plinqit claims to the […]

May 10, 2023

The new facility will sit alongside a previous financing facility that the company set up with Deutsche Bank’s New York branch in 2022. Headquartered in Washington DC, MPOWER Financing’s proprietary lending algorithm analyses overseas and domestic credit data as well […]