All Entries Tagged With: "banking"
Fiserv Successfully Unleashed ZashPay P2P Service
Fiserv Inc. successfully launched the new ZashPay person-to-person payments service which enables users to send or receive money efficiently from anyone in the country by using only a recipient’s name, e-mail address, or phone number. “Sending money to other people just got a whole lot easier,” said Eric Litch, senior vice president and general manager [...]
Mobile Banking Modernize Banking Transaction in India
The face of banking changed after smartphones invaded the banking arena. Mobile banking is having a transformative effect in both established and emerging economies, according to Richard Johnson, group strategy director of payments service provider, Monitise plc. Johnson is calling all banks, payments networks, and mobile network operators to work collaboratively for modernization of banking [...]
Citibank Warns Customers of iPhone Banking Apps Security Flaw
Citigroup warned the public especially its customers today noting that there were some security loopholes in its mobile banking iPhone apps, and also released an update that patches the hole. Citigroup proclaimed that the smartphone application has a capability to save personal information about its users, which includes security codes, account information, and transaction details, [...]
Capital One Setting Aside Less Money to Cover Bad Loans
Capital One Financial Corporation, American bank holding company which specialized in credit cards, home loans, auto loans, banking, and savings products, recently announced that they were setting aside less money for bad credit loans, which includes ad credit unsecured personal loans, as customers are trying their best to clean up their personal finances. However, the [...]
Credit Card for Borrowers with Bad Credit
Now there are some new credit cards available now and it’s specially designed for people with bad credit as well as for people with no credit at all. Almost everyone have seen the 0 APR and Capital One Credit Card commercials, but the question is what if you haven’t established credit or have a bad [...]
Umpqua Buys Yet Another Failed Bank
In a recent development, Umpqua Holdings Corp., owner of Umpqua Bank in Oregon, acquired control over Nevada Security Bank. Apparently this is the third failed bank this year bought by the company. Set up in Oregon, Portland, Umpqua plans to expand into Nevada with the purchase, with a whooping 181 number of branches as credentials.
With the closure of Nevada Security Bank, the number of bank failures in U.S. this year rose to 83. More failures are being awaited in the third quarter of the year. Hundreds of banks are still finding it hard to deal with failing portfolios of money-making real estate loans, according to a report.
