Banks

bank of america unveils account validation

Bank of America Unveils Account Validation for Public Sector & Corporate Clients

Bank of America –one of the leading financial institutions in the world, has launched the concept of Account Validation for assisting public sector and corporate clients in the United States of America with solutions related to fraud prevention. The total number of attempts related to digital frauds in the United States of America has gone …

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api banking

How Banks Use API to Fulfill Commercial Banking, Payment Expectations?

As banks all around are making their ways into the field of digitization, the overall customer expectations are rising day by day. The given digital transformation has been accelerated due to several restrictions imposed during the COVID-19 era. Post-pandemic, study reports reveal what financial and banking institutions can do along with explaining the importance of …

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sezzle bread partner on loan program

Sezzle, Bread Partner on Loan Program

Bread, a division of Alliance Data Systems Corporation, recently announced its partnership with Sezzle (a fintech payment transfer company that transforms consumer shops). Alliance Data System is a leading provider of payment solutions, loyalty, and data-driven marketing. It provides customized solutions to improve consumers’ behaviors while looking forward to business profitability and growth for well-known …

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UK Celebrates Three Year Anniversary of Open Banking, Reflects on Significant Growth

On 13th January 2021, the concept of open banking under the Payment Directive Services 2 in the European Union celebrated its third anniversary. Since 13th January, 2018, the concept of open banking went on to become a mandatory regulatory requirement in the United Kingdom. The given concept was put into execution with the purpose of …

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How Banks Are Adapting to the Demands of Millennials

Millennials, who are between 18 and 34, are a major market segment for banks and other financial institutions to attract and retain. There are now more than 83 million millennials in the U.S., representing one-quarter of the country’s population and a larger share than baby boomers. Most millennials have spent their entire lives with technology …

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Real-Time Payments Network approved! What Is It?

DOJ Approves Creation Of Real-Time Payments Network The DOJ has approved a real-time payment network suggested by two dozen banks who want to provide faster payments to merchants using their merchant services. The DOJ wanted to make sure that this was not a move that would consolidate too much power in too few places and that there is no …

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Goldman Sachs Interested in Bitcoin Trading

Is Goldman Sachs About To Take The Plunge Into Bitcoin? Something as flashy and relatively new to the scene as Bitcoin may not be the first thing you would imagine a company like Goldman Sachs getting themselves involved with. However, they may yet still have a few surprises up their sleeves. Recently, Goldman Sachs has hinted at …

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UK Bans Surcharges for Credit Card Transactions

Yesterday the U.K.’s Treasury Ministry ruled to forbid surcharges on debit and credit purchases. The ban is to go into effect January of 2018.  In recent years merchants have been imposing surcharges to their customers for using credit or debit cards. They, in essence, were passing along the fees that the merchant would incur from …

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