Discover has decided to end its “Secure Online Account Numbers” program, which offered disposable debit card numbers for safer online shopping. This service, which helped customers who were hesitant to use their…
Category: banking
Tailor-Made Banking: Craft Your Personalized Financial Institution
Union Bank, ranking fourth among Californian banks with over $60 billion in deposits, is introducing a new service called ‘Banking By Design’ for its checking accounts and other services. Though Union Bank…
Bank of England Calls for an End to Lobbying Practices
Despite objections from Barclays and Nationwide, city regulators have largely ignored their opposition to the upcoming liquidity regulations. The regulators argue that implementing these changes quickly is crucial, ideally before the global…
Surge in Lending Marks a Strong Start to the Year’s Opening Quarter
New findings show positive trends in the mortgage sector The latest updates from the Council of Mortgage Lenders highlight a noticeable improvement in the mortgage market compared to the same time in…
Three Compelling Reasons to Choose an Online Bank
Data breaches seem to be the new normal, affecting everyone including my husband and me. Last year, my debit card got hacked due to the Target breach, and my husband’s was impacted…
Scottrade Security Breach: Potential Risk to Client Data
Scottrade, a well-known investment company, recently faced a significant online attack resulting in a major data breach. The hack affected 4.6 million clients, particularly those who signed up for a Scottrade brokerage…
Strategies for Preventing Money Laundering
Money laundering is an illegal activity where criminals make their dirty money look clean. It’s often used to hide money from illegal sources but can also be used to hide legitimate money,…
How to Navigate the Process of Clearing Your Name from ChexSystems
If your bank account consistently runs low on funds or if you’ve bounced too many checks, you might find yourself flagged in ChexSystems. This system is used by banks to track customers…
Demystifying Credit Unions: An In-Depth Look
**Non-profit Financial Organizations Built to Serve You** Even though millions of Americans are members of credit unions, many still don’t fully understand what they are. **Quick Guide** Credit unions are non-profit financial…
Digibank by DBS: The Unique Bank Maintaining Steady Interest Rates on Savings Account Deposits
The interest rates on savings accounts offered by banks can vary depending on the tenure of Fixed Deposits (FDs) and often change over time. These rates are influenced by market liquidity and…