Many call centers in the United Kingdom "routinely" record calls with consumers' credit card information, suggest survey data from Veritape Ltd., a British firm that sells call-recording software. Veritape based the findings on a survey it conducted in September of 133 call-center managers, the firm says in a statement. Only 3% of respondents complied with rules that prohibit the storing of credit and debit card information "once a transaction is complete," Veritape says. About 61% of respondents said they were unaware of the rules, while 18% said they were "aware but … couldn't comply for technical or budgetary reasons." Eleven percent of respondents said they ignore the rules, while 6% said they were working toward compliance.
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With its Digital Managed Solutions robo advisory service, Edward Jones is moving into territory already occupied by Fidelity and Vanguard. But it's building the offering on one of its greatest strengths: its network of branch advisors.
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Cogent Bank has tapped an industry veteran to lead a new unit focused on ensuring high-net-worth clients can smoothly transfer assets to their heirs.
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The New York City-based credit union is planning to roll out the technology as more consumers turn to large language models to help manage their finances and hopes it will eventually provide more insight into its members.
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As clients consider when to claim Social Security, an advisor proposed a strategy to maximize tax-free retirement income using certain benefits and senior deductions.
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The company's Genius World, a miniature town that showcases different merchant types, is part of a plan to get the technology in front of more retailers.
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The Canadian bank, which generates a significant portion of its revenue in the states, is on a path toward higher returns in the U.S., executives said Tuesday.
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