ATM machines from Korea’s major banks are seen in Seoul, Sunday. Yonhap A 31-year-old office worker in Seoul surnamed Lee says she has recently stopped putting…
Banks have spent the better part of two years warning that stablecoins would siphon money out of the traditional financial system. Coinbase’s chief policy officer has…
STEPHEN HILGER/BLOOMBERG NEWS Processing ContentKey Insight: The central bank will accept pennies from banks and credit unions at all commercial distribution centers after ceasing to accept…
Banks and financial institutions have started experimenting with tokenized bank deposits, bank balances recorded on a blockchain, but the technology is doomed to lose out to…
Bank of America Merrill Lynch has predicted that the disruptive impact of stablecoins on traditional bank deposits and payment systems will become evident within the next…
Did you recently get a direct deposit of $36.29 from Meta and are wondering if you can keep it?The company Facebook hired to manage the process,…
A network outage affecting credit unions across the Canadian Prairies on Friday has delayed automatic deposits and payments.Credit unions across Manitoba, Saskatchewan and Alberta had notices…
The German bank report highlights the growing shift toward peer-to-peer and machine-to-machine … [+] payment transactions, which makes bank intermediation less relevant and, at times, a…
Competition for funding in the local banking scene is expected to heat up with the entry of new digital banks, which are expected to “aggressively” raise…
After Scotiabank customers expecting to be paid on Friday reported that their paycheques hadn’t been deposited, the bank says it has resolved the issue and that clients will start…