PYMNTS

APRIL 16, 2020

7-Eleven President and CEO Joe DePinto said in the announcement, “ 7-Eleven continues to look for ways to help our customers as they face hardships brought on by the COVID-19 pandemic. We know a large number of Americans will need access to their checks as soon as possible, and we want to meet that need.”

Direct Deposit 94

Direct Deposit Treasury Deposit Account Enrollments 94

PYMNTS

MAY 2, 2018

Our customer-focused strategy of growth, quality and returns continues to drive strong business performance,” said Virgin Money Chief Executive Jayne-Ann Gadhia in a statement. “In Reports in Reuters noted that its Q1 gross mortgage lending was less than it was in Q1 2017, however, though its credit card balances were up year over year.

Continuity 40

Continuity Small Business Deposit Account Credit Cards 40

PYMNTS

MAY 21, 2020

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction.

Digital Currency 97

Digital Currency Central Bank CBDC Federal Reserve 97

Fintech Finance

JULY 23, 2024

Bank of America continues its winning streak in the annual benchmark that evaluates the online and mobile experience for small business customers of the top 11 national and regional banks that focus on small business digital banking.

Small Business 98

Small Business Digital Payments Online and Mobile Banking Wire 98

Finovate

SEPTEMBER 17, 2024

Finastra will integrate Prelim’s technology into its Finastra Phoenix core solution to enhance the deposit account opening experience for both retail and commercial accountholders. “As we look to continuously enhance our offerings, Prelim is a trusted partner to support this transformation and our Open Finance ecosystem.

Accounts 59

Accounts Deposit Account Payment APIs and Integration Treasury 59

PYMNTS

MARCH 20, 2020

Financial products eligible include mortgages, home equity loans, deposit account overdraft fees, credit cards, car loans and business loans. We’re going to continue to provide convenient access to the important services they count on, and the additional assistance and support they need during this difficult period.

Credit Cards 70

Credit Cards Federal Reserve Deposit Account Small Business 70

PYMNTS

JULY 7, 2020

direct deposit accounts. As relayed by Zacks.com , Jeffrey said the “pandemic stimulus highlights Cash App ’s unique functionality,” and that Square’s app might replace traditional checking accounts. He estimated that the firm could capture 20 percent of U.S. Or to use another Wall Street maxim, “Price is what you pay.

Direct Deposit 100

Direct Deposit Volume Deposit Account Caps 100

PYMNTS

NOVEMBER 13, 2020

Wells Fargo & Co is looking to sell its private-label credit card and point-of-sale (POS) financing division as part of a continuing strategic review of its operations. Interest rates on deposit accounts are close to zero percent because of the coronavirus, but that hasn’t stopped individuals from saving money.

Point-of-Sale (POS) 74

Point-of-Sale (POS) Central Bank Federal Reserve Credit Cards 74

PYMNTS

NOVEMBER 14, 2016

According to an investigation by the CFPB, Wells Fargo employees not only made fake deposit accounts but also submitted 565,443 unauthorized credit card account applications on behalf of unknowing customers. It’s estimated that 14,000 of those accounts accrued $403,145 in fees.

Deposit Account 60

Deposit Account Push-to-Card CFPB Accounts 60

PYMNTS

SEPTEMBER 21, 2016

“The ACH Account Verification API accomplishes both by providing foundational payment and investment account funding services across a high percentage of deposit accounts in the U.S.”.

ACH 66

ACH Verification API Payment APIs and Integration 66

PYMNTS

OCTOBER 15, 2018

Earlier this year, Virgin Money introduced enhanced SMB services, including its small business deposit account; the merger will continue that effort to enhance digital banking for the small business community. The new Virgin Money will also focus on strengthening its small business services.

Small Business 66

Small Business Deposit Account Authorization Advisors 66

PYMNTS

JULY 6, 2020

On Monday (June 6), Square stocks soared 13 percent after an analyst suggested the firm could eventually claim as much as 20 percent of direct deposit accounts in the U.S., The company will continue to operate independently and work in Europe as it did before, PYMNTS reported. Bloomberg reported.

Online and Mobile Banking 60

Online and Mobile Banking Direct Deposit Deposit Account Digital Payments 60

PYMNTS

APRIL 7, 2020

Noto continued, “The response by our members to our innovation across borrowing, saving, spending, and investing has motivated us to think bigger, bolder and more expansively given the insatiable consumer appetite for financial services innovation.”. The firm’s offerings can be accessed through desktop, mobile and a tangible debit card.

Technology 60

Technology Direct Deposit Deposit Account API 60

PYMNTS

OCTOBER 29, 2020

The solution, which secured about 20,000 SMBs to pilot the technology in the last year, provides deposit account and payment solutions that aim to compete with traditional banks that, as CEO and Co-founder Eyal Lifshitz described, "nickel-and-dime" businesses.

CFPB 81

CFPB Consumer Financial Protection Bureau (CFPB) Payment APIs and Integration Financial Crimes 81

PYMNTS

JANUARY 12, 2021

The mobile wallet provides users with “digital financial tools and services” that even include opening deposit accounts, investing in money market funds and buying insurance products. GCash has 33 million customers in the Philippines. Cu , the company’s board chairman. A unicorn is a privately held startup worth over $1 billion.

Deposit Account 60

Deposit Account FinTech Finance Participant 60

PYMNTS

SEPTEMBER 13, 2016

But one analyst is arguing that the unethical customer conduct that bank has been charged with — opening 1,534,280 unauthorized deposit accounts, allowing it to accrue a total of $2 million in fees — wasn’t even worth the damage to the financial institution’s reputation.

Accounts 49

Accounts Deposit Account Federal Reserve Credit Cards 49

PYMNTS

JULY 24, 2020

A recent study from the American Bankers Association found that losses from fraud attempts against bank deposit accounts totaled $25.1 In other words, the financial industry — long suspicious of sharing anything with competitors — has had enough and it’s ready to work together. Like crooks do. “A billion in 2018, a jump from the $19.1

Financial Crimes 75

Financial Crimes Crime Cybersecurity Risk Assessment 75

Open Banking Excellence

MAY 2, 2024

Today there is no doubt that Georgia has become an integral part of East-West exchanges,” the Prime Minister continued. Now we are moving forward with new priorities, including sharing information on deposit accounts and lending balances as we shift from focusing on current accounts to more expansive Open Finance use cases.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

FICO

SEPTEMBER 16, 2020

UK banks continued to strengthen and improve their systems, taking the learnings from the 2018 spikes to better control future compromises, and take the next steps forward to further improve Card Not Present (CNP) protection. See the interactive map at www.fico.com/europeanfraud. Card Fraud Across Europe. by Toby Carlin.

Compromise 52

Compromise Monetary Loss Deposit Account Volume 52

The Fintech Times

MARCH 17, 2025

Raisins platform enables customers to compare and open deposit accounts across Europe. It says its users benefit from transparent terms, no fees, and a secure platform that has already facilitated over 70 billion in deposits.

Product 59

Product Deposit Account Facilitators Security 59

Finovate

SEPTEMBER 18, 2024

As a result of this nightmare, the FDIC has advanced a notice of proposed rulemaking for what it is calling Requirements for Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors. The regulatory body is currently taking public comment on the rule.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

PYMNTS

JANUARY 14, 2021

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Banks are raising concerns that adoption of the eKrona could lead to mass withdrawals of funds in deposit accounts.

RTP 62

RTP Real Time Payments Payment APIs and Integration Digital Currency 62

PYMNTS

JANUARY 18, 2019

The mechanics of the fraud work this way: The criminal establishes an email account ostensibly in the name of the chief executive officer of the firm under attack. The would-be fraudster sends an email to HR, looks to have direct deposit account information changed and funds, ultimately, wind up in the scammer’s account.

Business Email Compromise 69

Business Email Compromise Scams Audit Payroll 69

PYMNTS

NOVEMBER 14, 2019

Power found that small businesses continue to embrace mobile banking, with its 2019 U.S. That’s despite the majority – 70 percent – that say they would prefer to open a deposit account online. Recent research from J.D. This means a more complex anti-money laundering (AML) and know your customer (KYC) compliance strategy.

Online and Mobile Banking 59

Online and Mobile Banking AML Small Business Mobile Banking 59

The Fintech Times

APRIL 24, 2024

This includes deposit accounts and tools to automate bill payments. “With Marqeta’s single global platform, we can support OakNorth as the bank continues to grow and expand into new markets, ensuring customers have the same bespoke experience and control of their program as it scales.”

Debit Card 59

Debit Card Deposit Account Underserved Facilitators 59

Fintech Finance

APRIL 8, 2024

Introducing digital currency and blockchain for cross-border payments Together with Onyx’s Blockchain Deposit Account product, JPM Coin, Kyriba leverages the power of blockchain and efficiency of real-time payment processing to increase end-to-end payments transparency. This is an exciting step in our ongoing collaboration with Kyriba.”

Payment APIs and Integration 52

Payment APIs and Integration Cross-Border Innovation Cross-Border Payments 52

FICO

APRIL 10, 2020

As the coronavirus pandemic continues to develop, we are already seeing some very troubling signs in the economy. Unemployment claims continue to spike as the crisis hammers away at the U.S. For those in this group who are also deposit customers, you should conduct an analysis of their deposit account (e.g.,

Small Business 83

Small Business Credit Union Economy Accounts 83

Fintech Finance

JANUARY 24, 2024

The partnership continues Mastercard’s role as the exclusive instant payments software provider for TCH’s RTP network, enabling both companies to integrate new instant payment use cases across a range of payment flows. demand deposit accounts. for the RTP network and around the world. “The

Real Time Payments 52

Real Time Payments RTP Visa Instant Payments 52

PYMNTS

MARCH 9, 2020

Many small businesses, too, are struggling to access the bank products they need to survive and thrive, like bank loans and deposit accounts. He added that open banking appears to be an “inevitability” as the broader financial services market continues to innovate worldwide. ”

Credit Union 75

Credit Union Community Banks Small Business Online and Mobile Banking 75

FICO

SEPTEMBER 9, 2021

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment. However, we do not believe that is the direction for deposit account overdraft. .

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Reg E ATM 52

PYMNTS

APRIL 17, 2017

2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. And it is this versatility that makes ACH payments a valued payment type and supports the continued growth of the ACH network. According to the data, the number of ACH transactions in 2016 topped 25.6

Same Day ACH 40

Same Day ACH NACHA ACH ACH Network 40

PYMNTS

FEBRUARY 20, 2017

Reuters reported that branch interactions fell 12 percent in December — months after it was revealed that bank employees opened 1,534,280 unauthorized deposit accounts, allowing it to accrue a total of $2 million in fees — and 4 percent from Jan. 2016, but that other metrics grew compared to a year ago.

Deposit Account 40

Deposit Account Community Banks Credit Cards Continuity 40

Fintech Finance

APRIL 24, 2024

By partnering with Marqeta, OakNorth will provide its small and medium-sized business customers the services typically only available to commercial banking customers, including deposit accounts and tools to automate bill payments, helping them plan for rising costs and thrive amid economic uncertainty.

Commercial Card 52

Commercial Card Embedded Finance Underserved Deposit Account 52

PYMNTS

AUGUST 13, 2019

Reports last month in Beckers Hospital Review noted that in Texas, healthcare system Wise Health System announced that hackers had infiltrated their systems and attempted to change direct deposit details on an estimated 100 payroll direct deposit accounts.

Payroll 60

Payroll Direct Deposit Phishing Cybersecurity 60

PYMNTS

JUNE 10, 2019

Such cross-pollination may mean that a FinTech wants to be able to issue a prepaid card, or is eyeing the ability to create direct deposit accounts down the line. One is to lead innovation as they design new experiences, and the other is to give Visa continuous feedback as to what they need next.

Processors 70

Processors Issuers Push-to-Card API 70

Fintech News

APRIL 16, 2024

In the initial stage, the open data service will be offered in the financial sector, starting with deposit account data and moving on to lending services, Wipawin told the Bangkok Post in November 2023. The capital requirement has been set at THB 5 billion (US$140 million) at the application process.

FinTech 120

FinTech Bots Central Bank Innovation 120

PYMNTS

MAY 31, 2016

The American Bankers Association said that 46 percent of banks have scaled back their efforts to grow loan accounts and also deposit accounts.

Regulations 44

Regulations Compliance Federal Reserve Rules 44