Payments News

On The Web

nbsp; nbsp;

Providers

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

February 12 2019

“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, […]
nbsp;

Providers

2019 Trends in Digital Payments: Consumers Expect Speed, Intuitive Engagement From Their Financial Institutions

February 4 2019

“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.”
nbsp;

Providers

No Banking Charter? No Problem. Fintechs Team Up With Small-Town Banks

September 24 2019

“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 […]
nbsp;

Providers

JPMorgan’s Clampdown on Data Puts Silicon Valley Apps on Alert

March 26 2019

“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. […]
nbsp; nbsp;

Providers

JPMorgan Launches SEPA Instant Payments

April 10 2019

“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

nbsp; nbsp; nbsp;