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Square announced last week that the FDIC has approved its application of its banking subsidiary Square Financial Services
US Bank to take on deposit and credit card accounts, with future plans for vehicle loans and business services
A new entrant is aiming to capitalize on Canada’s growing credit card market and challenge the dominance of the top five banks
The bank is closing 37 branches and investing in a ‘tailored, personal and accessible’ service for clients
Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research
Acquisition of top-20 issuer to provide Ally Financial with “instant capability and scale” in the credit card space
Use of smartphone-based point-of-sale payment methods increased by more than a third in 12 months, and will hit $2 trillion in three years’ time
It’s time for banks to stop working against what customers are telling them and start solving the right problems in the right ways
A third of Americans named cash as their favourite means of payment
They’re willing to take the chance for the opportunity to net a big score
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