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Structuring cash transactions: Example reviews and best practices for banks

Abrigo

Read this blog to learn the definition of structuring, why it is illegal, and some examples of structuring scenarios that can help banks understand customer behavior and intent. The following are examples of four different reviews of activity related to structuring cash transactions and their disposition.

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Consumers Sour On Travel Rewards Cards

PYMNTS

After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to travel, The Wall Street Journal reports. The cards were set up as ways for banks to deepen relationships with customers and offer individual perks.

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Venmo's Esch On Designing A Cool Physical Card For Mobile App Users

PYMNTS

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. Splittable Card Payments . Instead, Venmo’s entire DNA is digital. Designing In Choice.

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Visa On How To Make Plastic Cards Sustainable

PYMNTS

Improving the world — and the environment — one (card present) transaction at a time. To that end, Visa said Tuesday (June 16) that it has joined with CPI Card Group to launch a card for Visa cardholders composed of up to 98 percent “upcycled” plastic. The Earthwise High Content Card seeks to help eliminate plastic waste.

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Visa, Conferma Pay, Make Corporate ‘On The Go’ Card Spend Tap And Pay

PYMNTS

FinTech Conferma Pay said Wednesday (May 6) that it has teamed up with Visa to integrate the payment network’s virtual cards into the Conferma Pay mobile app, provisioning commercial cards to their phones’ digital wallets. It’s just more appropriate than ever,” he said, of the shift to virtual cards and mobile wallets.

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The Economic – And Ergonomic – Value Of Commercial Card Optimization

PYMNTS

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “We’re seeing a lot more of that mentality.”

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Goldman’s Apple Card: What Will Q2 Hold?

PYMNTS

Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet.

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