FICO

MAY 12, 2016

Are retail banks overlooking deposit accounts? But with the right analytic tools and approach, these issues can be overcome to make deposit accounts more rewarding. The post Video: Unlocking Deposit Account Profitability appeared first on FICO.

Deposit Account 40

Deposit Account Accounts Regulatory Compliance Compliance 40

Payments Source

JULY 18, 2016

Banco Popular North America in New York has launched a digital-banking platform.

Deposit Account 63

Deposit Account Accounts Technology 63

Payments Source

MARCH 1, 2021

The payment processing company will offer loans and deposit accounts to its small-business customers through a Utah-based industrial bank.

Deposit Account 133

Deposit Account Small Business Accounts Process 133

The Paypers

MAY 13, 2022

UK-based Standard Chartered Bank has launched ‘Demand Deposit Account’ for corporate clients to align with their sustainability agenda and treasury needs.

Deposit Account 41

Deposit Account Accounts Treasury 41

Payments Source

SEPTEMBER 24, 2018

Just as Green Dot leveraged partnerships with the likes of Uber and Apple to expand its reach, Netspend also is looking to its retail partners including Kroger, CVS and Kohl’s for new digital payment use cases.

Deposit Account 67

Deposit Account Accounts Use Case Digital Payments 67

PYMNTS

APRIL 15, 2020

Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the process would be safe, easy and affordable. in the release. .

Checks 98

Checks Direct Deposit Accounts IRS 98

The Paypers

SEPTEMBER 29, 2024

Ireland-based bank AIB has launched a 31 Day Business Notice Deposit account for business customers seeking a higher return and flexibility when accessing funds.

Deposit Account 36

Deposit Account Accounts Returns 36

Fintech Finance

MAY 1, 2025

This makes QNB the first bank in Qatar to use KDP’s blockchain deposits accounts for 24/7 settlement of their corporate flows, facilitating and automating on-demand multi-currency cross-border payments.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Settlement Blockchain 69

Fintech News

JANUARY 24, 2024

This follows its successful implementation for current and savings accounts in November 2023. This feature enables customers to restrict digital access to their accounts while continuing to earn interest on their deposits. The total amount of funds secured through this service has surpassed S$3.3

Security 109

Security Deposit Account Phishing ATM 109

Payments Source

SEPTEMBER 13, 2016

eliminated product sales goals for its consumer bankers as the company seeks to reassure regulators, lawmakers and customers after employees opened card and deposit accounts without clients’ approval. Wells Fargo & Co.

Accounts 71

Accounts Deposit Account Regulations Product 71

Finextra

MAY 22, 2024

The collapse of BaaS platform Synapse has forced teen finance app Copper to suddenly discontinue its bank deposit accounts and debit cards, leaving some customers unable to access their funds.

Deposit Account 104

Deposit Account Debit Card Finance Accounts 104

Finextra

SEPTEMBER 27, 2024

Responding to a need among their business customers, AIB has launched a 31 Day Business Notice Deposit which is now available to all business customers at a variable rate of 1.5% AER (Annual Equivalent Rate).

Deposit Account 52

Deposit Account Accounts Returns Product 52

Finovate

SEPTEMBER 17, 2024

Courtesy of the partnership, Finastra will integrate Prelim’s technology into its Finastra Phoenix core solution to enhance the account opening experience. This accelerates account opening and simplifies complex back-office operations. Financial services software provider Finastra has teamed up with onboarding specialist Prelim.

Accounts 59

Accounts Deposit Account Payment APIs and Integration Treasury 59

Stax

JANUARY 1, 2024

Business savings accounts are crucial to a sound organizational strategy. resident has only $1000 or less in their personal savings account. resident has only $1000 or less in their personal savings account. Accounts combining high-interest rates, no fees, and advanced online solutions are available.

Accounts 88

Accounts Online and Mobile Banking API ATM 88

PYMNTS

SEPTEMBER 21, 2016

20) it has released its new ACH Account Verification API. In a press release , the company said the service enables payment and investment app developers to quickly verify account details required to initiate inbound ACH account transfers. Finicity announced on Tuesday (Sept.

ACH 66

ACH Verification API Payment APIs and Integration 66

Fintech News

AUGUST 13, 2024

62% of Superbank’s customer base have linked their accounts to the Grab app since the feature became available in June. This allows them to open accounts, save, and make payments directly within the Grab app without the need for an additional app. Superbank offers products like flexible deposit accounts offering up to 7.5%

Deposit Account 113

Deposit Account Accounts Innovation Security 113

Finextra

MAY 6, 2024

KeyBank (NYSE: KEY) announced the launch of KeyVAM, a virtual account management solution for treasury management clients who have complex demand deposit account (DDA) structures and want to streamline their cash-flow and account structure.

Demand Deposit Account (DDA) 52

Demand Deposit Account (DDA) Accounts Treasury Management Deposit Account 52

The Paypers

JUNE 12, 2018

(The Paypers) Avoka has released its Springboard Deposit Account Opening Solution, offering FIs an off-the-shelf solution that integrates digital KYC, fraud and risk evaluation, and funding.

Deposit Account 28

Deposit Account Accounts Risk 28

The Paypers

DECEMBER 18, 2020

Wilson Bank & Trust (WBT) has selected Newgen as a digital transformation partner to assist in automating the bank's deposit account opening and commercial lending processes.

Deposit Account 28

Deposit Account Automation Accounts Process 28

Bank Automation

SEPTEMBER 11, 2024

The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDA’s allow deposited funds to be withdrawn at any time, Jon Briggs, head of […] The post KeyBank to hold off on FedNow until DDA reach hits 5% appeared first on Bank Automation News.

Demand Deposit Account (DDA) 81

Demand Deposit Account (DDA) FedNow Deposit Account Real Time Payments 81

The Paypers

SEPTEMBER 17, 2024

Financial software provider Finastra has integrated fintech Prelim with its Finastra Phoenix core solution to augment retail and commercial deposit account opening.

Accounts 45

Accounts Deposit Account Process FinTech 45

PYMNTS

JANUARY 19, 2021

Now that BNL’s account aggregation feature is live, the companies are collaborating on the launch of a money management tool for BNL customers designed to provide greater clarity into overall finances for commercial clients. India’s ICICI Bank is adding accounting technology from AlignBooks to strengthen its SMB services.

FinTech 136

FinTech Financial Crimes Deposit Account On-Demand 136

PYMNTS

OCTOBER 31, 2016

Elizabeth Warren (D-MA) has reportedly sent a letter to KPMG, Wells Fargo’s auditor, questioning why the accounting firm did not catch the fake accounts that resulted in $185 million in fines for Wells Fargo. It’s estimated that 14,000 of those accounts accrued $403,145 in fees. Warren in the letter. Other senators joining Sen.

Accounts 59

Accounts Federal Reserve Deposit Account CFPB 59

Fintech Finance

FEBRUARY 4, 2025

The RTP network currently reaches 70% of demand deposit accounts in the United States, meaning that millions of consumers and businesses are already benefiting from instant payments through the more than 850 financial institutions connected to the network.

RTP 59

RTP Volume Transactions Real Time Payments 59

Fintech Labs Insights

MAY 20, 2015

It has long been a pet peeve that financial institutions usually tell me to “apply” for a checking or deposit account. The new account features zero monthly fees, no minimum balance and a 0.79% APY, which is tops in the nation according to NerdWallet. No, the account simply does not allow overdrafting.

Deposit Account 27

Deposit Account Accounts Process Credit Union 27

PYMNTS

JUNE 17, 2020

The yuan and yen are likely to account for about 60 percent and 20 percent, respectively, of the digital currency’s value. Mersch said a retail CBDC could be based on deposit accounts opened with a central bank.

Digital Currency 89

Digital Currency Central Bank CBDC Deposit Account 89

PYMNTS

SEPTEMBER 13, 2016

Wells Fargo recently found itself in hot water for creating bogus bank accounts for its customers and now has to pay a $185 million fine to settle the charges. It’s estimated that 14,000 of those accounts accrued $403,145 in fees. million in fees equals to $25 per unauthorized account with a fee that the bank made.

Accounts 49

Accounts Deposit Account Federal Reserve Credit Cards 49

Payments Source

MAY 11, 2020

In announcing its plan to offer a deposit account and debit card in partnership with SoFi, the mobile phone maker suggested that the coronavirus pandemic will accelerate consumers’ adoption of contactless payments.

Debit Card 73

Debit Card Consumer Contactless Payments Deposit Account 73

Fintech News

MARCH 10, 2024

UOB’s data shows that women are prioritising savings, with a notable increase in the ownership of high-yield savings accounts and fixed deposit accounts held by female customers. The UOB Lady’s Card and Lady’s Savings Account are a symbol of innovation and evolution.

Credit Cards 109

Credit Cards Deposit Account SWIFT Adjustments 109

PYMNTS

MAY 7, 2020

This is pertinent to artificial intelligence (AI) in finance, where enhanced forms like adaptive AI are fulfilling the technology’s promise by actually “learning” — foremost from the behavior of legitimate deposit account holders — so that hackers stand out when they make a move. Automate to Validate .

AI 99

AI Deposit Account Near Real-Time Online and Mobile Banking 99

Paystand

APRIL 16, 2025

Table of Contents What Is a Frozen Account? Why Is My Account Frozen? How Long Does a Frozen Account Last? Accounts can be frozen due to fraud, court judgments, unpaid taxes, or suspicious activity. Accounts can be frozen due to fraud, court judgments, unpaid taxes, or suspicious activity.

Accounts 40

Accounts Deposit Account Compliance Governance 40

Payments Source

MARCH 6, 2019

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.

Deposit Account 68

Deposit Account Rules Accounts FinTech 68

PYMNTS

MAY 21, 2020

Mersch added that a retail CBDC could be based on deposit accounts with the central bank. Though involving vast numbers of accounts, it would not be a particularly innovative option from a technological viewpoint. In the United States, the digital dollar was floated in a draft proposal of one of the early stimulus bills.

Digital Currency 97

Digital Currency Central Bank CBDC Federal Reserve 97

PYMNTS

MAY 26, 2020

With features such as free cash deposits and a high-yield savings account, Walmart and Green Dot unveiled updated benefits for the Walmart MoneyCard Reloadable Debit Card program. Consumers can open an account through the web or receive a starter kit by going to a brick-and-mortar location’s Money Center.

Direct Deposit 88

Direct Deposit Debit Card IRS Deposit Account 88

Fintech Finance

JULY 23, 2024

“While banks’ mobile app advances have typically focused on consumer accounts, many banks are now expanding and enhancing mobile access and services for small businesses as well.” In-app cash flow analysis allows small businesses to manage their accounts on the go and is now available in 36% of the mobile apps.

Small Business 98

Small Business Digital Payments Online and Mobile Banking Wire 98

Fintech News

JUNE 5, 2024

The bank offers a range of services designed for MSMEs, including multi-currency business accounts, unsecured financing with flexible repayment options, and fixed deposit accounts with low entry thresholds. million.

Micro-Entry 109

Micro-Entry SARS Multi-Currency Cross-Border 109

PYMNTS

MARCH 19, 2020

The bank will extend small business loans and deposit accounts, Square said in a statement. “We One of the conditions would require the proposed bank to maintain levels of capital that are significantly higher than typical FDIC-insured banks,” FDIC Chairman Jelena McWilliams said a statement. The new bank anticipates opening next year.

FDIC 110

FDIC Deposit Account Underserved Small Business 110