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Tag: dominance

Open Banking 'revolution' to challenge banks' dominance

Open Banking 'revolution' to challenge banks' dominance

Business
A fundamental change to the way people can bank, manage and spend their money in the digital world is under way.A change in the law and the start of the Open Banking system means people can allow businesses, other than their bank, to access their financial data.Organisers say this has the potential for consumers to get better deals, such as cheaper overdrafts, and to speed up the switching process.But warnings over fraud risks have already been issued.As part of the same legislation, surcharges for payments made by credit card, debit card, or other payment systems such as PayPal will be banned.How it worksTraditionally, banks have held all our information about our past transactions and spending habits.A change in UK law now means that banks and building societies must allow regulated busi...
Kansas City Chiefs continue fourth-quarter dominance vs. Washington Redskins

Kansas City Chiefs continue fourth-quarter dominance vs. Washington Redskins

Sports
KANSAS CITY, Mo. -- The Kansas City Chiefs stand as the NFL's last unbeaten team, moving to 4-0 following their 29-20 win over the Washington Redskins Monday night, fueled by yet another fourth-quarter rally. Head coach Andy Reid said that's the identify of his team, a mix of veteran leaders who have seen almost everything and confident young players who have quickly earned the trust of their brethren. "They'll battle you," Reid said Tuesday. "And that's a nice thing to have, one of those intangible things that you appreciate it. They trust each other enough to think they're always in the game." The Chiefs lead the NFL with 54 points in the fourth quarter, accounting for 44 percent of their offensive points. The team ranks tied for seventh in fourth-quarter scoring defense, allowing just 1...