The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the largest one-week drop since the start of the program, reported CNBC. On the other hand, the number of those in the forbearance program is still high, encompassing 4.58 million homeowners, as … Continue reading Number Of Homeowners In Mortgage Bailout Program Drops By 104K Continue Reading
B2B payments are undergoing a vast digital transformation, with solutions providers stepping up to offer more speedy options as companies look to expand internationally. Nowhere is this change more apparent than cross-border payments, where a host of payment providers are offering new alternatives to the tedious and opaque correspondence banking protocols that have historically dominated … Continue reading New Report: How FinTechs Help Brazilian SMBs Solve Their Cross-Border Payments Pains Continue Reading
The count of high school seniors seeking federal college aid dropped by almost 50 percent compared to levels in 2019 in the beginning weeks of the COVID-19 health crisis, which was driven by a sharp fall when it came to students at schools with more moderate incomes, the Associated Press reported. As of June 19, financial aid applications had … Continue reading Federal College Aid Applications Fall Amid School Closings Continue Reading
Monzo’s co-founder, Tom Blomfield, has left the challenger bank’s board, according to a Companies House filing. The filing states that the termination occurred on 17 June 2020, nearly a full month after news of Blomfield’s new role broke. He made headlines back in May when it was revealed that he would step down from his role … Continue reading Monzo’s co-founder Tom Blomfield leaves its board Continue Reading
Banks of all sizes are facing challenges when it comes to adopting new open banking standards, as they seek a way to grasp the benefits available with flexible infrastructure. Although a majority of the industry is waking up to the potential that open banking and application programming interfaces (APIs) have, worries still exist when it … Continue reading How open is open banking? Continue Reading
London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. The move, which is being spearheaded by moneycorp Americas, will enable the company to serve both private and corporate in customers in Canada and comes after two decades of work in the United States focused on “private clients’ money transfers, corporate risk management … Continue reading Moneycorp Expands FX Currency Services Into Canada Continue Reading
Wall Street has famously been called “both voting machine and weighing machine.” Of course, voting is a bit of popularity contest, and as retail investors (and some institutional ones) crowd into a stock, they can quickly bid its price up — as is happening these days with payments processor Square. Square’s shares have doubled since May, … Continue reading Square’s Stock Rally Looks Pretty Well-Rounded Continue Reading
The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s chief regulator of accounting and auditing firms follow a series of … Continue reading UK Moves To Split Audit And Consulting Profits At Big Four Continue Reading
Online merchants should focus their internal resources on their core business applications, sticky.io Chief Technology Officer Clark Huang told PYMNTS in a recent conversation. There are parts of a company’s eCommerce experience where it makes sense to keep them in-house, but other parts where it doesn’t. As Huang noted, brands and merchants always want to remain in full control … Continue reading What Merchants Should And Shouldn’t Outsource Continue Reading
Merchants’ needs have changed dramatically due to the pandemic. Digitizing operations tops the list of merchant imperatives, but getting there can be a struggle — especially when it comes to digitizing the checkout experience for a post-pandemic age. To that end, as Visa Acquiring Partner Relationships Vice President Josh Park told PYMNTS, finding the right tech providers and partnerships … Continue reading Visa On The Changing Needs Of Merchants At The (Digital) Checkout Continue Reading