Huntington National Bank expands digital payments

Bank launches Huntington ChoicePay, a business-to-consumer payment solution Huntington National Bank, a subsidiary of Huntington Bancshares, Incorporated (Nasdaq: HBAN) announced today it has acquired Digital Payments Torana, Inc. (Torana), a business-to-consumer payments fintech based in San Francisco. Torana’s digital payments solution, which will launch as Huntington ChoicePay, will further enhance Huntington’s digital capabilities and advance Huntington’s enterprise payments strategy. Torana’s payment solution is a software as a service (SaaS) model built in the cloud and will...

2022 Data Privacy in Banking Market Research Report

The “Data Privacy in Banking – Thematic Research” report has been added to ResearchAndMarkets.com’s offering. Data underpins and enriches all aspects of retail banking, whether optimizing channel interactions, personalizing risk assessment, or helping customers make better financial decisions. Data is also critical to the development of transformative new technologies such as artificial intelligence, big data, and the Internet of Things. This report examines the impact the data privacy theme will have across the retail banking industry. Whoever consumers trust...

Elephant Insurance Provides Notice of Data Event

 Elephant Insurance, and its subsidiary Apparent Insurance (together, “Elephant Insurance”), values and respects the privacy of information which is why it is providing notice about a recent incident that may involve certain consumer information. This information either relates to current or previous Elephant Insurance customers or is information Elephant Insurance received as part of providing a quote for auto or other insurance coverage. Elephant Insurance is providing information about the incident, its response, and resources...

Consumer Resistance to Banking AI in Illinois

Few banks are disclosing the number of AI users that engage with their chatbots. Why? Bank of America reported about 20 million or about 30% of their customers arere using ERICA – their chatbot. ERICA has been in use for over 4 years, So, Foresight Research wondered about consumer resistance to AI and chatbots and surveyed 700 consumers of banking products and services to find out the resistance to AI in Illinois. To start with, about...

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