On The Web

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Providers

Deutsche Bank on the lookout to expand its payments business

November 24 2020

• in
• Banks

“Germany’s largest lender Deutsche Bank is on the lookout for takeovers and joint venturesto help towards its goal of becoming a major force in Europe’s rapidly consolidatingpayments processing industry”

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Deals

Wirecard’s tech assets and platform bought by Banco Santander

November 17 2020

• in
• Banks

“Wirecard’s WDIG.DE insolvency administrator Michael Jaffe on Monday said the payment system provider’s technology platform had been sold to Spain’s Banco Santander SAN.MC …In a separate statement, Banco Santander said it had agreed to acquire several highly specialised technological assets from the merchant payments business of Wirecard in Europe, to accelerate its growth plans in […]

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Deals

PNC Financial Services to Buy U.S. Arm of Spain’s BBVA for $11.6 Billion

November 16 2020

• in
• Banks

“PNC Financial Services Group Inc. agreed to buy the U.S. arm of Spain’s BBVA for $11.6 billion, the companies said Monday, in one of the largest bank tie-ups since the financial crisis. A deal would create the fifth-largest U.S. retail bank with more than $550 billion in assets, a giant in an industry that has […]

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Providers

Bank of Ireland rolls out Apple Pay

November 4 2020

• in
• Banks

“It has been a long wait for Bank of Ireland customers.  Apple Pay was first introduced to the Irish market in 2017 through Ulster Bank and KBC, before being added by AIB. However, Bank of Ireland’s technology infrastructure did not allow the technology to be used and the bank has been going through a major […]

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Providers

Household Access to Banks Improved But Could Be Driven Lower by Covid-19, FDIC Says

October 20 2020

• in
• Banks

“The proportion of U.S. households without access to a bank account fell in recent years but could be driven up again by the coronavirus pandemic , according to a survey released Monday by the Federal Deposit Insurance Corp. The so-called unbanked rate declined to 5.4% in 2019 from 6.5% in 2017 , as some 1.5 […]

On The Wires

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Domains

HSBC Bank Launches Single Global Account and Real-Time Payments Platform: HSBC Global Money Account

November 23 2020

• in
• Banks
• Cross-border payments

“HSBC Bank USA , N.A., (HSBC), part of the HSBC Group, today announced the launch of its newest real-time payments offering. HSBC’s Global Money Account allows its international customer base to hold, manage and send money across various currencies to 14 million HSBC customers in 20 countries worldwide through a single account 24/7. There are […]

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Companies

Citi Selects Mastercard as Network Partner for the Citi Plex Account by Google Pay

November 19 2020

• in
• Banks
• Google
• Mastercard

“Today, Citi announced it has selected Mastercard as its network partner for the Citi Plex Account on Google Pay, a new digital checking and savings account built with financial wellness and mobile functionality at the core of the design to make managing money simpler, smarter and more rewarding.”

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Companies

Green Dot to Collaborate with Google Pay to Offer Plex Accounts

November 19 2020

• in
• Banks
• Google

Green Dot Corp. (NYSE: GDOT), a financial technology and registered bank holding company, today announced plans to work with Google Pay to offer Plex Accounts to customers: a safe, simple and helpful new option for transacting and managing their money.

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Providers

Jack Henry Joins ABA in Helping Bankers Promote Financial Inclusion

October 21 2020

• in
• Banks
• Processors

“Jack Henry & Associates, Inc.® (NASDAQ: JKHY ) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking ® division announced today that, as part of an American Bankers Association (ABA) initiative, it has committed to equipping banks nationwide with Bank On -certified accounts. These accounts […]

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Providers

ABA Urges America’s Banks to Offer Bank On-Certified Accounts

October 21 2020

• in
• Banks

“The American Bankers Association called on every bank in the country to consider offering Bank On-certified accounts to expand access to banking services and reduce the number of unbanked and underbanked Americans. In urging all banks to join ABA in this financial inclusion initiative during his opening remarks at ABA’s Unconventional Convention, ABA President and […]