Payments Dive

NOVEMBER 8, 2024

The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.

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Cards Lending Payments Company 521

Accenture

MAY 2, 2024

Spring is a time when most people, bankers included, take a fresh look at the challenges they face and tackle them with renewed vigor. Commercial banking should be on this year’s spring-cleaning list. While it is often the bank’s largest revenue generator, its processes continue to be highly manual, constraining the potential for profit growth.… The post The time for generative AI in commercial banking is now appeared first on Accenture Banking Blog.

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Banking Trends Trends 533

BankUnderground

JANUARY 18, 2024

Ed Hill Once the stuff of science fiction, quantum technologies are advancing fast. Individual quantum computers are finding a range of applications, primarily driven by the immense speed-ups they offer over normal computers. And soon the nascent quantum internet should connect those isolated computers together. This blog post starts to think about what this new interconnected quantum world means for the financial system.

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System Marketing Examples Strategy 145

TheGuardian

AUGUST 20, 2024

UK tech entrepreneur Mike Lynch and his daughter among those unaccounted for after vessel capsized off Sicily Sicily yacht sinking – latest news Specialist divers have launched a fresh search for six people missing after a superyacht capsized off the coast of Sicily including the British tech entrepreneur Mike Lynch and his teenage daughter. The British-flagged Bayesian, a 56-metre sailboat, was carrying 22 people and anchored just offshore near the port of Porticello when it was hit by a tornad

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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BankInovation

AUGUST 19, 2024

Discover Financial Services is tapping generative AI to speed up call center agent response and strengthen client experience. Using Google Cloud’s AI platform, Vertex AI, Discover has reduced response times for call center agents by 70%, Szabolcs Paldy, senior vice president of enterprise operations at Discover, told Bank Automation News.

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Google Operations 128

American Banker

OCTOBER 30, 2024

The megabank disclosed that regulators are looking at its anti-money laundering and sanctions compliance. Wells Fargo was recently hit with an enforcement action over similar matters.

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America Compliance Regulation Payments 99

The Paypers

NOVEMBER 18, 2024

Nubank has launched cryptocurrency swap tool in its app where customers who own cryptocurrencies can now trade Bitcoin, Ethereum, Solana, or Uniswap for USDC and vice versa.

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cryptocurrency Tools Bitcoin 87

The Financial Brand

NOVEMBER 7, 2024

This article Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift appeared first on The Financial Brand. ServiceNow’s Brian Solis explains how leaders can move beyond simply automating existing processes to fundamentally reimagine business in an AI-driven world. This article Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift appeared first on The Financial Brand.

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Leadership Branding 41

Payments Dive

JULY 16, 2024

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

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System Operations Payments 543

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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

Community Bank

Payments Dive

NOVEMBER 5, 2024

“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.

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Payments Conference US Industry 476

Payments Dive

NOVEMBER 7, 2024

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

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Policies Payments 465

Payments Dive

OCTOBER 29, 2024

The Consumer Financial Protection Bureau released its final open banking rule this month, leading the payments and financial services industries to begin preparing for a new era in data-sharing.

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Payments Industry Data 472

Payments Dive

AUGUST 7, 2024

The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

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Payments 488

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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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Payments Dive

NOVEMBER 1, 2024

Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.

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Payments 448

Payments Dive

NOVEMBER 10, 2024

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

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Fraud System Cards Report 466

Payments Dive

APRIL 25, 2024

About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

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Payments 505

Payments Dive

FEBRUARY 12, 2024

Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.

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California Cards Report 523

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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

Cards

Payments Dive

AUGUST 16, 2024

JD Power’s annual credit card survey found that more than half of U.S. credit card users don’t pay their balances in full every month, and less than half are considered financially healthy.

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Cards Survey 476

Payments Dive

NOVEMBER 19, 2024

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

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Cards Payments 395

Payments Dive

AUGUST 13, 2024

As payments technology advances, more companies are embedding the payments process in websites and apps. Here’s a primer on how this trend is advancing and changing the payments arena.

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Payments Trends Technology Company 472

Payments Dive

OCTOBER 9, 2024

The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.

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Payments 448

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Community Bank

Payments Dive

JULY 8, 2024

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

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System US Payments Groups 482

Payments Dive

APRIL 30, 2024

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

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Payments Industry 476

Payments Dive

NOVEMBER 12, 2024

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

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Payments Survey Fraud Cards 431

Payments Dive

OCTOBER 3, 2024

After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

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Cards 476

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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