Payments News » Banks

Banks Plan Blockchain ID System

June 12 2018

“Amid efforts to streamline online and mobile banking in the country, a new system based on distributed-ledger technology will be introduced into the local banking sector starting next month. According to the Korea Federation of Banks (KFB), which represents major commercial banks in Korea, “BankSign,” a blockchain-based identity verification program, will officially be launched in […]

Domains

Digital-Only Banks Grapple With Integrating ‘Human’ Interaction Into Their Products

June 12 2018

“Recent customer surveys indicate otherwise, according to research findings released this month from Celent, commissioned by Samsung. It revealed that customers want some kind of human interaction for complex issues. The study found that about half of U.S. banking customers aged 18 to 44 said they banked digitally, but prefer to resolve some matters in-person. Overall, […]

Providers

Wells Fargo Simplifies Payments Pricing To Compete With Square

June 13 2018

in
Banks

“Wells Fargo will simplify the prices it charges small businesses to accept credit and debit card transactions as the bank responds to pressure from startups such as Jack Dorsey’s Square Inc. The changes, which are tailored for small businesses that process $100,000 a year or less, eliminate many of the complicated pricing policies that varied […]

Companies

Chase To Reach Business Owners Through ‘Business Advice Center On Wheels’

June 15 2018

“JPMorgan Chase is taking a new twist on meeting customers “where they are:” A 27-foot trailer at business events across the U.S., offering free one-on-one advice sessions on marketing, business insights and small-business financing. The trailer, which is called Chase BizMobile, is the latest iteration of the bank’s plans to grow face-to-face connections with business owners, alongside conferences and seminars it […]