The National Bank of Kuwait has launched a contactless mobile-payments test in Kuwait that relies on Near Field Communication technology. The test also involves Visa Inc., Kuwait-based mobile-network operator Zain and United States-based contactless-technology vendor Vivotech Inc., which is providing the electronic wallets for the NFC-enabled phones and over-the-air provisioning software. The test, scheduled to run until April, involves no fewer than 500 of the bank's credit cardholders and relies on Nokia 6212 handsets. Trial participants download Visa credit card-account details to their mobile phones. Participants can use their phones to make contactless purchases at some 100 merchants located at The Avenues mall.
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The Dallas bank continues to advance a multiyear transformation strategy. On Thursday it laid out plans to expand its newly revamped private banking and family office business.
7h ago -
Three months after the merger of equals between Pinnacle Financial Partners and Synovus Financial was completed, the company reported strong hiring trends. Executives say hiring success is key to the bank's growth strategy.
9h ago -
The Justice Department recategorized state and federally approved cannabis products from Schedule I to Schedule III, a move that falls short of full legalization but could ignite renewed interest from banks and credit unions in servicing state-legal cannabis businesses.
10h ago -
The Columbus, Ohio-based company added to its cash hoard as a cushion against any economic dislocation connected to the conflict in the Middle East. The move narrowed Huntington's expected net interest margin for 2026.
10h ago -
The company reached an inflection point for loan growth and posted its sixth consecutive quarter of improving credit. But CFO Perry Beberman cautioned that higher fuel prices and depressed consumer sentiment could eventually pressure its outlook.
11h ago -
A decline in Middle East travel and higher fuel prices should not put a major dent in the company's performance, execs said Thursday.
April 23










