Payments Dive

SEPTEMBER 24, 2024

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

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Abrigo

SEPTEMBER 24, 2024

When AI complements human decision-making Human oversight, often called a human-in-the-loop approach, remains important as AI increasingly enhances AML/CFT software. You might also like this checklist, "6 steps for compliance with the new AML/CFT program rules." DOWNLOAD Takeaway 1 A human-in-the-loop approach plays a vital role in ensuring that AI systems effectively support alert and case management for AML/CFT suspicious activity monitoring.

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Payments Dive

SEPTEMBER 18, 2024

The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

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Accenture

SEPTEMBER 20, 2024

The advantages of cloud technologies are widely recognized, offering enhanced productivity, agility, resilience, and innovation. Despite these benefits, the Financial Services industry lags behind other sectors in adopting cloud technology. According to our Cloud Rotation Index study, only 15% of banks’ workloads had been migrated to the cloud by the end of 2022.

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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TheGuardian

SEPTEMBER 21, 2024

Bank of England may have kept rates steady this week but TSB, NS&I and others have all announced cuts Interest rates may have been kept on hold this week, but the direction of travel is clearly downwards, with savers being urged to check the returns they are getting and switch to a better deal now if their rate isn’t competitive. On Thursday, the Bank of England kept its base rate at 5% after cutting it in August, though many economists think there will be another cut, to 4.75%, at the next

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Payments Dive

SEPTEMBER 19, 2024

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

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Abrigo

SEPTEMBER 23, 2024

Critical practices for individuals and organizations to protect their data The National Public Data breach serves as a reminder to all of us that proactive measures are necessary to safeguard our personal information. You might also like this whitepaper: "Protecting banking customers starts with you." DOWNLOAD Takeaway 1 The National Public Data breach exposed over 2.7 billion records and is a reminder to be proactive when safeguarding your data.

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ABA Community Banking

SEPTEMBER 18, 2024

As chief corporate responsibility officer for Webster Bank, Marissa Weidner works across the bank's footprints and business lines to help advance the bank's goals of financial empowerment. The post ‘At the end of the day, it’s all about financial empowerment’ appeared first on ABA Banking Journal.

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BankBazaar

SEPTEMBER 20, 2024

Did you just picture your hard-earned money crawling down a d imly lit st airway on all fours after a botched exorcism ? Money dysmorphia is a much darke r threat , here is all you need to know. Do you feel increasingly insecure about your financial situation, no matter what the reality is? Is it too hard to shrug off this gnawing sense of financial inadequacy?

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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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TheGuardian

SEPTEMBER 22, 2024

Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem HSBC has thrown its weight behind calls for tech firms to pay up for fraud, saying incoming compensation rules requiring banks to reimburse scam victims up to £85,000 will fail to stem the flow of fraud and prove that the financial sector is not the problem.

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Payments Dive

SEPTEMBER 20, 2024

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

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Abrigo

SEPTEMBER 23, 2024

Recent loan rate trends from Abrigo Connect Carefully monitoring interest rate trends for loans will help financial institutions remain competitive as rates drop. Would you like other articles like this in your inbox? Data for banks & credit unions Real-time pricing trends for loans Now that the Fed has lowerered interest rates , financial institutions will want to carefully monitor current loan interest rate trends in their markets to remain competitive as rates drop.

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American Banker

SEPTEMBER 18, 2024

As Silvergate Capital filed for Chapter 11 bankruptcy protection, an executive said the company's crypto-friendly bank went down last year because regulators soured on its business model.

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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

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The Paypers

SEPTEMBER 23, 2024

Financial services company BNP Paribas has announced its agreement with HSBC to acquire its Private Banking activities in Germany, aiming to further solidify its position in the industry.

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TheGuardian

SEPTEMBER 23, 2024

Building society ramps up mortgage price war with ‘gamechanging’ move, and it also cuts rates Britain’s biggest building society is to let first-time buyers borrow up to six times their earnings in what has been labelled a “gamechanging” move that ramps up the mortgage price war. Weeks after it was announced that the Halifax and Lloyds would allow new buyers to take out loans worth up to 5.5 times their household annual income , Nationwide said it would now go up to six times income – a first fo

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BankBazaar

SEPTEMBER 18, 2024

Credit C ards are like friendships – You must choose them wisely as t hey can be a source of great support or a cause for a major downfall ! Now, let’s dive into the narrative tale of a C redit C ard journey gone awry and how you must learn from it! I’ve got a tale I’d like to share, a lesson learned in strife, Of Credit Cards and careless swipes that tangled up my life.

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Jack Henry

SEPTEMBER 19, 2024

Discover how digital card issuance and push provisioning can increase digital engagement for your bank or credit union and keep you top-of-mind, -wallet, and -app.

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Cards Digital Banking Payments 78

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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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American Banker

SEPTEMBER 24, 2024

Antitrust enforcers are preparing to accuse the payments giant of taking steps to keep rivals from challenging its dominance in the debit card market, according to people familiar with the matter.

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BankInovation

SEPTEMBER 23, 2024

Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting. Subprime auto lenders can use AI to ensure staff and resources are assigned to tasks that help navigate affordability challenges, operational costs and credit risk, Harvey Singh, chief operating officer at Veros Credit, said during a […] The post Auto lenders lean into AI for customer service appeared first on Bank A

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Payments Dive

SEPTEMBER 20, 2024

The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.

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William Mills

SEPTEMBER 24, 2024

In today’s hyper-connected, information-saturated world, audiences crave authenticity, relevance and connection. Generic messages fail to stand out in this increasingly crowded environment. A powerful tool that is often overlooked is data-driven storytelling. Combining compelling narratives with proven sources of data not only cuts through the noise, but also increases credibility, provides clarity and informs an audience in a more inspiring and influential manner.

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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.

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ABA Community Banking

SEPTEMBER 24, 2024

Liberty Capital Bancshares in Addison, Texas, has agreed to buy Southwestern Bancorp in Boerne, Texas. The post Liberty Capital to acquire Southwestern Bancorp in Texas appeared first on ABA Banking Journal.

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American Banker

SEPTEMBER 23, 2024

If companies want to keep partnering with banks to build innovative financial services, they need to stop thinking about regulation as their partner banks' problems and start being part of the solution.

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BankInovation

SEPTEMBER 24, 2024

Financial institutions are looking to real-time, data-driven insights to suggest actions clients can take to benefit from last week’s interest rate cut by the Federal Reserve. Banks have already been strengthening their client relationships by leaning on data and analytics to offer clients specific products that help them save for retirement or home purchases.

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Payments Dive

SEPTEMBER 24, 2024

The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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