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Too many consumers don't fully understand how the apps work and don’t trust that their data is secure, a new J.D. Power study shows.
June 12
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The financial institution-owned person-to-person network formally went live Monday, enabling direct transfer of funds across 30 U.S. FIs. There are a lot of questions around whether it can compete with the current kings of P-to-P — Venmo and PayPal — but Zelle may not be aiming to take them head-on just yet.
June 12
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An alliance between State Department FCU and American Citizens Abroad seeks to lower barriers for how Americans living abroad access their money.
June 12
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The city has spent more than a decade working with nonprofits and banks to encourage people to open deposit accounts. Outreach and special products have lowered the unbanked rate in San Francisco to 2.1% in 2015 from 5.9% in 2011.
June 12
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A year after announcing plans to collaborate with U.K.-based Featurespace to develop fraud-fighting tools with artificial intelligence and machine learning, Total System Services (TSYS) has rolled out a new offering that aims to predict new and unknown fraud types, while cutting back on “false positive" fraud warnings.
June 12
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On March 31, 2017. Dollars in thousands
June 12 -
Wells Fargo, which is expanding its investment banking unit, has hired Mike Mayo to oversee U.S. large-cap bank research.
June 12
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On March 31, 2017. Dollars in thousands
June 12 -
The brand new low-income credit union will serve downtown Lincoln, Neb., and hopes to provide an alternative to predatory payday lenders.
June 12
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At its core, PayPal remains sharply focused on digital payments. But like other payments providers and processors during what has been a renaissance period for payments technology, the San Jose-based company has had to reinvent itself to keep firm control of its role.
June 12
