PNC Financial Services Group - News, Articles & Research

Company announcement/payments

PNC Treasury Management launches on-demand pay tool

PNC Treasury Management today announced a groundbreaking new on-demand pay solution, PNC EarnedIt. Powered by DailyPay Marketplace, PNC EarnedIt offers pay on-demand – a highly sought-after employee-benefit – to its clients allowing them to provide their employees access to earned pay – throughout any point in the pay cycle – prior to payday.

23 February 2022

News/people

Top 25 financial services employers for women: Who is on Forbes’ 2021 list?

Forbes has just released its annual ranking of America’s ‘Best Employers for Women’.

20 August 2021

Company announcement/payments

DailyPay goes real-time with support of PNC and The Clearing House

DailyPay, the leader in on-demand pay, has teamed up with PNC Bank and The Clearing House to offer real-time payments over the RTP network, creating the ability to fulfill employee payment needs 24/7/365 with unmatched speed and accuracy.

16 June 2021

Company announcement/retail

PNC Virtual Wallet gets Low Cash Mode to help customers avoid overdraft fees

Addressing the $17 billion that some studies estimate U.S. consumers pay each year in overdraft fees, The PNC Financial Services Group, Inc. (NYSE: PNC) today announced its groundbreaking new Low Cash Mode digital offering that is expected to help Virtual Wallet customers avoid overdraft fees through unprecedented account transparency and control to manage through low-cash moments or mis-timed payments.

15 April 2021

News/inclusion

FS giants join $40m Greenwood funding round

Mastercard, Visa and host of America's biggest banks have joined a $40 million Series A funding round for Greenwood, the digital banking startup targeting Black and Latino people and business owners.

25 March 2021

Company announcement/payments

PNC Bank joins Chips

PNC Bank has joined the CHIPS network from The Clearing House to clear and settle high-value and cross-border payments.

02 March 2021

Company announcement/payments

PNC to buy payment gateway provider Tempus Technologies

PNC Bank N.A. today announced it has reached a definitive agreement to acquire Tempus Technologies, Inc., a leading payment gateway provider that delivers secure and innovative payment-processing solutions for businesses of all sizes.

27 January 2021

News/retail

Big US banks pilot data sharing risk assessment service

Bank of America, JPMorgan Chase, PNC Bank, TD Bank, Truist, US Bank, and Wells Fargo have piloted a data sharing risk assessment service that streamlines risk evaluations of data aggregators and financial apps.

27 January 2021

News/people

HSBC appoints Steven Van Wyk Group CIO

HSBC has named industry veteran Steven Van Wyk group chief information officer, leading the banking giant's global technology organisation.

07 December 2020

Company announcement/people

PNC shakes up IT leadership as tech and innovation head Steve Van Wyk departs

The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has expanded the leadership roles of Chief Security Officer Deborah Guild and Corporate & Institutional Bank (C&IB) and Staff Service Technology Chief Information Officer (CIO) Ganesh Krishnan.

20 November 2020

Company announcement

PNC agrees $11.6 billion to deal to acquire BBVA USA Bancshares

The PNC Financial Services Group, Inc. (NYSE: PNC) and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE and MAD: BBVA) today announced that they have signed a definitive agreement for PNC to acquire BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion to be funded with cash on hand in a fixed price structure.

16 November 2020

Company announcement/payments

PNC fintech incubator buys Sentral

PNC’s fintech incubator, numo, has acquired Sentral, a Pittsburgh-based debit gateway technology and business that helps large publishers track debit network transactions in the card-linked offer (CLO) space.

22 September 2020