Payments News

On The Web

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Industry

Coronavirus Heaps Misery on Europe’s Ailing Banks

“European banks have long been considered one of the weaker links in the global financial system. The coronavirus outbreak on the continent poses a fresh test of their health. Shares in European banks have been among the worst hit since the virus began to spread, first through Italy, and now through much of the rest […]
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Providers

Goldman Goes Main Street With Push Into Corporate Bank Accounts

“Goldman Sachs Group Inc.—the go-to bank for complex trades and high-stakes mergers—is trying to become a player in the staid business of managing corporate cash. The firm will soon begin marketing new bank accounts for corporate treasurers and chief financial officers to manage and move their cash. It is Chief Executive David Solomon’s latest move […]
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Providers

FDIC Considers Scrapping Quarterly Bank Reports

“The Federal Deposit Insurance Corp. is moving to boost the way it monitors for risks at thousands of U.S. banks, potentially scrapping quarterly reports that have been a fixture of oversight for more than 150 years yet often contain stale data. The FDIC on Monday is expected to kick off a competition among 20 data […]
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On The Wires

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Providers

Deluxe Joins Forces With ClickSWITCH to Offer a Digital Deposit and Revenue Growth Solution

“Today, ClickSWITCH and Deluxe, a Trusted Business Technology™ company, announced a new venture to provide Deluxe customers with a solution to reduce friction and increase deposits during the account opening process. ClickSWITCH provides a digital deposit solution to financial institutions allowing account holders to switch direct deposits and recurring payments in just a few minutes. […]
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Providers

FIS Cuts the Wait for New Credit and Debit Cardholders to Access Accounts

“Financial technology leader FIS ™ (NYSE: FIS) announced FIS Digital Issuance, a first-to-market solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts. Avidia Bank is the first financial institution to begin offering the new FIS solution. Available to FIS credit or debit card processing […]
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Providers

Sensibill Partners with Chase for Digital Receipt Management

“Sensibill has partnered with Chase to provide the bank with its digital receipt management solution, making it easier and quicker than ever before for Chase customers to make returns, submit warranties and expenses, track spending and manage their financial health. “Chase has created a digital banking experience that makes it easier for consumers and businesses […]
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Companies

BNY Mellon to Deliver Real-Time Account Validation Services to Corporate and Bank Clients in the U.S.

“BNY Mellon today announced a collaboration with risk and payments solution provider Early Warning Services, LLC (EWS). Through this agreement, BNY Mellon will deliver real-time account validation services to clients, and offer the flexibility to tailor a solution to meet clients’ individual needs— whether through BNY Mellon directly, or through one of its Private Label […]
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Providers

Jack Henry Wins 2020 FinTech Breakthrough Award for Best Banking Infrastructure Platform

“Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Jack Henry announced today that JHA OpenAnywhereTM  received the Best Banking Infrastructure Platform Award from FinTech Breakthrough, an independent organization that recognizes the top companies, technologies, and products in the global fintech market.”
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