Card firm MBNA has joined the first wave of issuers to offer Samsung Pay when it launches in the United Kingdom.
The move fits in with
The service is expected to go live in the U.K. imminently. While Samsung has said it will happen in 2016, unconfirmed reports have said the service could open as soon as May,
When it does arrive, Samsung Pay will enter a crowded market: Apple Pay has already set up shop in the U.K. and Android Pay has plans to do the same in June
The top five banks saw an average rise in their assets of almost 31% between 2023 and 2024.
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.
The online consumer lender beat revenue expectations in the first quarter, but its net income was dragged down by larger provisions that the company attributed to tariff "uncertainty."
The card processor came up short on expected profits but hit analysts' estimates on revenue in the second quarter of its fiscal 2025. CEO Ryan McInerney said growth in payments volume, cross-border volume and processed transactions were strong even in the face of shaky economic conditions.
At a House subcommittee hearing, Republicans proposed "tailoring" regulations for community banks while Democrats railed against Trump's tariffs and cuts to the Consumer Financial Protection Bureau.
The bank's chief technology risk officer details the journey the bank has taken over the last six years, and why it set out to get rid of passwords.
