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A combination of mutual and clashing interests has driven many players — credit unions, big banks, community banks and fintechs — to offer high-interest, digital-only savings and checking.
October 8
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The challenge with cash is its nature makes it hard to transition away from it. On the other end of the scale, digital-only businesses may never accept cash, meaning they may always exclude the cash-based consumer.
October 8
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Visits and conversion rates are important, but it’s also important to monitor what happens between the moment someone enters your website and the moment they decide to make a purchase, says Robin Reodica, product management executive at Bank of America Merchant Services.
October 8
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The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.
October 7
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The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes.
October 7
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The Wisconsin company will have 15 branches in its home state on completing the acquisition.
October 7
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The awards gala was a who's who in banking, both at the podium and in the audience. The FHFA settles the sexual harassment complaint involving Mel Watt. And an OCC veteran talks about her career.
October 7
Financial Planning -
Contactless payment transaction volume is soaring in Canada to the point where total credit card transaction volume is edging out debit card transactions for the first time because many consumers are using credit cards to tap and pay.
October 7
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The company has agreed to buy a portfolio of commercial loans from Santander Bank.
October 7
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Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.
October 7
