Citizens Bank Will Launch Real-Time Payments For Commercial Accounts in 2019
#Citizens #Bank, an owner bank of TCH, will begin faster #payments on its #commercial #accounts in #2019.
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BBVA Compass App Update Allows All Customer Accounts to Be Aggregated
As head of online and mobile banking at #BBVA #Compass, Alex Carriles is always thinking of ways to increase #customer interaction via digital channels by catering to an existing customer need, instead of creating a new one. This is what led to the addition of its latest mobile banking feature, a financial tool that lets […]
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PayPal to Gain 30 Million Active Accounts by Year-end
Payments platform #PayPal had $ 139 billion in total payment volume in 2Q18, up 29% YOY, and expects to add 30 #million net new actives by the end of the year, according to the company’s earnings call yesterday. Of that $ 139 billion, 39% of the total payment volume, or $ 54 billion, was mobile. Just $ 14.2 billion […]
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More Banks Are Allowing Customers to Open Personal, Wealth Accounts on Mobile
#More and more consumers are turning to #mobile, which is why #banks are hurrying to make mobile account opening the norm for their financial #customers, according to a study released yesterday by #technology provider Avoka. Mobile account opening is available for around 40% of banking product types in North America and Europe, Avoka’s State of […]
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Betterment Attributes App, Site Crash to ‘High Volume,’ States Accounts Were Secure
EXCLUSIVE—Roboadvisor investment firm #Betterment experienced service interruptions yesterday when customers flocked to its #site and app after the Dow fell more than 1,500 points. The firm has attributed these interruptions to “particularly #high volume,” according to a statement the company sent Bank Innovation. Betterment said in the emailed statement: Due to particularly high volume, clients […]
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Banking Service Aspiration Woos BofA Customers with New Joint Accounts
EXCLUSIVE – Neobank #Aspiration has added #joint-account capabilities to its offerings, as the self-described bank “with a conscience,” continues to target those disenchanted with their larger #banks, company CEO Andrei Cherny told Bank Innovation. Does Bank of America’s recent decision to nip its free checking account come to mind? Well, that’s exactly the type of […]
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BofA Eliminates Free Checking Accounts, Now Charging $12 Fee to Low-Balance Customers
EXCLUSIVE- Bank of America has quietly shuttered its #free #checking account, now requiring #customers to keep a certain minimum balance in their #accounts, or set up direct deposit of at least $ 250, to avoid a $ 12 monthly fee, the Wall Street Journal reported yesterday. The #banks’s eBanking customers, all of which were switched into accounts […]
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Challenger Bank Monzo Starts Rolling Out Current Accounts
After two years of work, British #challenger #bank #Monzo is finally #rolling out its free #current account product. The bank, which received its full banking license in the United Kingdom in April 2017, has been taking the rollout slowly, as promised, though as stated on its site, it aims to offer current #accounts to all […]
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Monzo Still on Track for 500K Accounts, Despite Losses
Scaling a challenger bank is, well, a challenge, but #Monzo is up for the task. #Despite reporting £6.7 million (about $ 8.7 million) in #losses for the 12 months ending in February, the startup is on #track for signing between 500,000 and 800,000 users by the end of the year (up from 240,000 active #accounts), the […]
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Masterpass Enabled 80 Million Accounts, 10,000 SME Merchants in 2016
When Mastercard fully rolled out its digital wallet last year – into the overcrowded market – it was unclear whether the company would be able reach the adoption goals set out by CEO Ajay Banga. But it did. The payment network #enabled 80 #million #accounts at yearend #2016, and added five newRead More
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