Facebook’s Payments Revenue Soars 42%
Payments revenue at Facebook is up — way up. The company’s "payments and other fees" category banked a record $274 million in the fourth quarter of 20...
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Apple Pay Helps Bolster Tech Giant’s Services Revenue Gains
Apple’s mobile payment service Apple Pay helped the company’s services business revenue grow 19% year-over-year to reach an all-time high of $10.9 bil...
Umpqua Sees Cost Reductions with Tech-Driven NextGen Strategy
Umpqua Holdings Corporation’s strategic plan to boost profitability and simplify operations by 2020, called NextGen, appears to be performing above ex...
Cross River Bank’s Phillip Goldfeder to Join Bank Innovation Ignite
Phillip Goldfeder, senior VP of public affairs at Cross River Bank, is speaking at Bank Innovation Ignite 2019. Goldfeder will be speaking on the alte...
Royal Bank of Canada to Add Subscription Monitoring to Nomi, Its PFM Tool
Royal Bank of Canada will add subscription monitoring and tracking to its AI-driven financial management platform Nomi, Bank Innovation has learned. "...
Second Major Bank to Add Fees to Cover the Cost of Realtime Payments
A second major bank will join PNC Bank and add fees to cover expenses related to realtime payments. The advent of realtime payments is expected to sig...
Barclays CEO Says a Crisis Is Likely, Potentially in Credit
Barclays Plc’s top executive said it’s “more than likely” there will be another financial crisis, but problems inside the banks themselves are unlikel...
Capital One Said to Buy Walmart Card Portfolio, Zero In on Digital Collaboration
Capital One Financial has reportedly acquired Walmart's card receivables, the bank's chairman and CEO, Richard Fairbank, said yesterday. Terms of the ...
Apple Pay Trending Up as Target, Other Retailers Add Payment Option
Apple Pay was trending across social media today on news the payment option will soon be accepted at Target, Taco Bell and other major U.S. retailers....
IBM Signs On to Sponsor Bank Innovation Ignite
IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies ne...