Financial Services

Public comments revealed that many feel like the plan for banks and card companies falls short.

The Kansas Fed said the bank’s activities didn’t reflect safe and sound banking practices.

Despite slower spending growth, both companies managed to pull in more customers—positioning them well in the long term.

Online banking, mobile banking, and customer service were their top reasons for switching accounts in Q3 2022. Then they set a record in Q4.

The card network’s gross payment volume increased 8% YoY during Q4, but it anticipates a slowdown in revenue growth this quarter.

Community banks and credit unions are spending their tech budgets on fintech solutions that improve their operational efficiency.