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Banks Should Have Better Customer Relations When Closing an Account

The New York Times: Banking

When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.

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Zero Balance Current Account: A Quick Explainer

Razorpay

Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?

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The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall

The New York Times: Banking

A financial firm told an account owner that it had turned over her money to the state. When she filed a claim, something strange happened.

IT 132
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Citi Is Sued by New York State Over Account Transfer Fraud

The New York Times: Banking

New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.

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Checking Account – Meaning & How Does it Work?

Razorpay

What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.

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What is Payment Processing? How It Works and Its Advantages

Razorpay

Payment processing is the backbone of financial transactions in today’s digital world. From credit card payments to digital wallets, comprehending the intricacies of payment processing is vital in safeguarding financial interests and facilitating the smooth flow of commerce. How Does Payment Processing Work?

IT 98
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When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card

The New York Times: Banking

Then it reviewed his account activity. Last year, JPMorgan Chase wanted to pay Mansoor Shams a low-six-figure salary to work in a marketing role.

IT 110