Fintech News

MARCH 6, 2024

Sony Bank operates as a direct digital bank and has no physical branches or ATMs, offering various services such as yen and foreign currency deposits, loans, investment trusts, foreign exchange and card services. It also offers various financial services such as debit cards, investment trusts, FX, and neo-bank services.

Online and Mobile Banking 136

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 136

Innovative Payments Association

JULY 8, 2024

Regulation E, also known as the Electronic Fund Transfer Act, is a federal regulation that governs electronic transfers of funds, such as ATM transactions, debit card transactions, and direct deposits. Employees should be knowledgeable about their responsibilities under Regulation E.

Reg E 52

Reg E CFPB Error Resolution Boot Camp 52

PYMNTS

JUNE 17, 2020

United Arab Emirates-based bank Emirates Islamic , a unit of Emirates NBD, is rolling out debit cards for small- to medium-sized businesses (SMBs) in an effort to accelerate the ability for SMB owners to access capital and manage cash flow.

Commercial Card 67

Commercial Card Returns Debit Card Reconciliation 67

PYMNTS

JUNE 6, 2019

Those customers, according to the financial publication, are having funds transferred to other Chase accounts, across savings and checking options. In one feature set, Finn consumers had free access to a partner network outside of the Chase ATM network. The number of Finn users in place has not been publicly disclosed.

Debit Card 56

Debit Card Funds Transfer ATM Accounts 56

Finovate

APRIL 17, 2024

The new accounts, dubbed Mercury Personal, will offer advanced banking tools such as free wire transfers, multiple debit cards with account-level controls, and will pay 5% APY on savings accounts at launch. Business banking fintech Mercury is expanding into personal banking. The cost is also a differentiating factor.

Wire Transfer 52

Wire Transfer FDIC Wires Wire 52

EBizCharge

APRIL 25, 2024

Wire transfers and electronic funds transfers have been staples of financial transactions for decades, but various electronic transfer methods have emerged with the innovation in banking technology. What is an electronic funds transfer (EFT)?

Wire Transfer 52

Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. It then sends an approval or denial response back through the card network to the payment processor. trillion by 2027.

Process 59

Process Processors Online and Mobile Banking Payments 59

Fi911

JANUARY 4, 2024

The Electronic Fund Transfer Act (EFTA) Enacted in 1978, EFTA regulates bank responses to consumer complaints and sets liability limits for lost or stolen debit cards. It was a response to emerging technologies like ATMs, electronic POS terminals, and remote banking.

Disputes 92

Disputes Laws Rules Governance 92

PYMNTS

OCTOBER 5, 2016

The cards are largely associated with the 10 million or so unbanked families in the U.S. as one of their primary tools of financial management — since prepaid cards can be used in ways essentially analogous to debit cards for payments, funds storage, cash-outs at ATMs or receipt of salary.

CFPB 75

CFPB Rules PayPal Debit Card 75

Fintech News

MAY 23, 2024

Personal Banking offers services to individual customers, including savings deposits, personal loans, credit and debit cards, payment and settlement services, wealth management products, and insurance agency services. The Treasury segment handles investments in sovereign securities, trading operations, and central funding.

Online and Mobile Banking 132

Online and Mobile Banking Treasury Non-Bank Finance 132

PYMNTS

JULY 17, 2018

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. House Bill 818, passed unanimously in the state Legislature, makes Georgia the second state to adopt legislation, which also passed in Alabama, according to reports. The rules become effective Jan.

Payroll 40

Payroll Legal Laws Debit Card 40

Fintech Labs Insights

SEPTEMBER 2, 2014

No, it''s not ATMs, low fees or even a killer mobile-app. While those are desirable, the key feature, at least for kids still supported from home, is integration with their parents'' account for funds transfers and money management. Really, all most kids need is a debit card which does not allow overdrafting.

Checks 25

Checks Accounts Debit Card Funds Transfer 25

Payment Savvy

NOVEMBER 14, 2022

An electronic check is part of a large electronic banking system and a subset of transactions referred to as electronic fund transfers (EFTs). Apart from electronic checks, EFTs include other digitalized banking functions such as ATM withdrawals and deposits, debit card transactions, and remote check depositing.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

Nanonets

MAY 30, 2023

 ePayment methods such as credit cards and debit cards have been around for many decades now.  Bank Efficiency: ePayment systems do not require waiting in long queues in ATMs and banks to withdraw cash or deposit checks.   Advantages Transactions are secure and quick.  Both

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52

Clearly Payments

OCTOBER 31, 2024

Growth Trends : Despite the rise of alternative payment methods, credit card transactions continue to grow in sectors like travel, accounting for 60% of all travel bookings globally. Debit Cards Overview : Debit cards draw directly from a user’s bank account, making them a popular alternative to credit for consumers who prefer to avoid debt.

Online and Mobile Banking 87

Online and Mobile Banking RTP BNPL Debit Card 87

Fintech Labs Insights

AUGUST 8, 2016

Lost/stolen credit & debit card solution. Blockchain-based institutional funds transfer and settlement. Tags: Institutions, payments, funds transfer, blockchain, bitcoin, crypto-currency. P2P currency exchange. Latest round: $8.4 million Series B. Total raised: $18.5 HQ: London, England, UK. CirraGroup.

Underwriting 18

Underwriting FinTech Debit Card Online and Mobile Banking 18

Fintech Labs Insights

OCTOBER 16, 2016

In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. since DirectCash Payments has 25,000 ATMs around the globe, primarily in Australia, Canada, and the U.K. The partnership enables banks to offer funds-transfers a day sooner, or even same-day.

EMV 17

EMV P2P Same Day ACH FinTech 17

M2P Fintech

MARCH 28, 2024

without requiring a traditional bank account or debit card. Alternative Finance Alternative finance refers to a variety of funding and investment avenues beyond conventional banking, such as crowdfunding, peer-to-peer lending, and cryptocurrencies. It functions like a debit card for purchases and withdrawals.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59