Mexican banking FinTech albo is now offering business banking services in addition to the individual services the company has provided previously, according to news site Contxto. The service, called albo empresas, or albo business, attempts to address the problem of businesses losing time by making payments. Through albo empresas, businesses...
The Week In Payments: How Businesses Can Navigate The Road To Recovery
Most every state in the U.S. this week is starting to walk the road to recovery. Mandatory stay-at-home orders are easing and businesses are beginning to reopen, albeit in very different ways than at the start of the year. As Deluxe CEO and President Barry C. McCarthy told Karen Webster for the latest...
Deep Dive: Preventing Fraudsters From Exploiting FIs’ Omnichannel Blind Spots
Consumers want omnichannel banking access so they can easily switch between in-person branch visits, call center services and mobile apps as needed. They might pop into bank branches near their offices to grab cash, for example, then use mobile apps during their subway rides home to check their account activity....
How APIs Help Banks Provide Digital Services During The Pandemic
APIs’ adoption has been an important catalyst in digital-first banking, allowing FIs, FinTechs and other players to collaborate on new tools while also enabling compatibility between third-party apps and bank financial data. They are especially prevalent in Europe, where the EU’s PSD2 legislation requires their use to ensure the continent’s...
Deep Dive: Offering An End-To-End Experience Through ATMs
The COVID-19 crisis has triggered a quantum leap among credit unions (CUs) toward offering innovative products and services. Safety measures implemented to slow the virus’s spread have forced CUs across the United States to shutter their physical branches as states lock down and residents are confined to their homes. This...
What Legacy FIs Miss About The Need For Cloud-Based Infrastructure
Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts. Allowing customers uninterrupted access to their online financial accounts and processing digital payments quickly is critical...
Green Dot To Launch Mobile Banking For US Immigrants
Welcome Technologies, which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services, according to a press release. Less than half of U.S. Hispanic immigrants have access to actual...