Payments News

On The Web

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The US’s second-largest city for banking is not what you’d expect

“Despite being the US’s 17th largest city, Charlotte is the country’s second-largest banking center by assets held, trailing only New York, and with San Francisco hot on its heels. Along with the new, yet-to-be-named bank, the former gold rush town is also home to Bank of America—the nation’s second biggest bank—as well as NewDominion Bank and Carolina Premier Bank.  (BB&T, […]
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2019 Trends in Digital Payments: Consumers Expect Speed, Intuitive Engagement From Their Financial Institutions

“In the coming year, financial institutions will face the dual challenges of meeting those evolving consumer expectations while grappling with the complexities of a shifting digital payments environment. Financial institutions have been on a digital journey for more than a decade. The next, even more significant step on that journey is in payments.”
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No Banking Charter? No Problem. Fintechs Team Up With Small-Town Banks

“Partnerships between high-flying tech companies and traditional banks, many of them tiny by comparison, are a key force behind the financial technology boom. Because virtually no tech companies have the license required to perform banking services, many of them partner with existing banks to offer a suite of services including checking accounts, credit cards and the back-end […]
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JPMorgan’s Clampdown on Data Puts Silicon Valley Apps on Alert

“Long-simmering tensions between the financial industry and Silicon Valley startups are erupting behind-the-scenes into a battle over the reams of valuable data held inside Americans’ bank accounts. In recent months, major banks including JPMorgan Chase and Capital One have led the industry into a fresh campaign to control how outsiders tap into sensitive customer information. […]
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JPMorgan Launches SEPA Instant Payments

“JPMorgan is launching real-time payments across its European banking network.The roll-out of the Single European Payments Area (SEPA) Instant service means the bank now offers real-time payment capabilities in US Dollar, Pound Sterling and Euros. It said the system, which includes a single global Application Programming Interface (API), offers immediate payments finality, easier reconciliation, the ability […]

On The Wires

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