Payments Dive
FEBRUARY 20, 2024
The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.
ATM Marketplace
FEBRUARY 20, 2024
Independent ATM operators have taken hits on multiple fronts the past years. With falling cash withdrawals, customer resistance to fees and acquisitions, there are many pressures on IADs. What does the future hold for these operators?
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Payments Dive
FEBRUARY 20, 2024
Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.
TheGuardian
FEBRUARY 20, 2024
Senator says $35bn deal merging two of the largest US credit card firms would ‘threaten financial stability’ and reduce competition Senator Elizabeth Warren has urged regulators to block Capital One’s $35bn takeover of Discover Financial, arguing that combining two of the US’s largest credit card companies would harm consumers and challenge financial stability.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Payments Dive
FEBRUARY 20, 2024
The card issuer has partnered with ATM operator NCR Atleos to provide cash access for its checking account clients at 40,000 more machines.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
FEBRUARY 20, 2024
The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.
TheGuardian
FEBRUARY 20, 2024
Bank increases staff bonus pool by 12% despite hit from exposure to China real estate slump Nice targets, but scepticism is hard to shake at Barclays Business live – latest updates HSBC has nearly doubled the pay packet of its chief executive, Noel Quinn, despite a drop in fourth-quarter profits, which took an unexpected hit from its exposure to China’s real estate downturn.
Jack Henry
FEBRUARY 20, 2024
The new year is here, and once again I’ve compiled a summary of predictions for cybersecurity in 2024. The following are what analysts and industry experts agree are the current cybersecurity trends and threats we must prepare for as we execute plans for the year.
TheGuardian
FEBRUARY 20, 2024
Bank announces drop in profits to £6.6bn as it says it plans to return more to shareholders Business live – latest updates Barclays is to cut £2bn in costs, raising fears of further job losses as the lender shrinks its investment bank in a corporate shake-up intended to increase shareholder payouts by £10bn within three years. The bank said it did not have a “specific headcount target” for how many of its 94,800 global workforce would be cut, having already slashed 5,000 roles since October.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
American Banker
FEBRUARY 20, 2024
Data, volume and potential regulatory carve-outs are among the benefits Capital One Financial would get upon the completion of its deal to buy Discover Financial Services.
BankInovation
FEBRUARY 20, 2024
Capital One announced its plans to acquire Riverwoods, Ill.-based Discover Financial Services and expects to spend $2.8 billion on integration costs, including tech conversion. “Capital One certainly has some good experience in the space.
CFPB Monitor
FEBRUARY 20, 2024
The FTC recently sent its annual letter to the CFPB reporting on the FTC’s activities related to the Equal Credit Opportunity Act (ECOA) and Regulation B. The new letter reports on the FTC’s activities in 2023. The Bureau includes the FTC’s annual letter in its own annual report to Congress on the ECOA.
BankInovation
FEBRUARY 20, 2024
Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point Capital and Clayton Dubilier & Rice, people familiar with the matter said.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
CFPB Monitor
FEBRUARY 20, 2024
In a new data spotlight issued last week , the Consumer Financial Protection Bureau (“CFPB”) found that interest rates charged on credit cards issued by large banks are higher than interest rates charged on credit cards issued by smaller banks and credit unions. In a press release about the report , CFPB Director Rohit Chopra states that “the CFPB will be accelerating its efforts to ensure that consumers can access better rates that can save families billions of dollars per year.”.
BankInovation
FEBRUARY 20, 2024
Barclays is saving money and improving its customer experience through technology investments. Total operating expenses for its investing banking arm were 7.7 billion pounds ($9.4 billion) in 2023, down 6% from 2022, reflecting that investment in talent and technology were driving down costs, according to the bank’s fourth-quarter earnings presentation.
The Paypers
FEBRUARY 20, 2024
Visa , Checkout.com , and investment platform Stake have partnered to launch a cross-border account funding solution to facilitate real estate investments in the UAE.
American Banker
FEBRUARY 20, 2024
Auto-enrolling its membership for a credit-scoring tool offered by SavvyMoney helped Knoxville TVA Employees Credit Union nearly double approvals across its credit card, personal and auto loan portfolios in early 2023.
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
TheGuardian
FEBRUARY 20, 2024
Pledge to return £10bn to shareholders is overshadowed by investment division concerns A 9% rise in the share price counts as an enthusiastic reception for a new strategic plan, but don’t forget the context at Barclays. The shares are still worth a fifth less than in late-2021 when the chief executive, CS Venkatakrishnan, or Venkat as he’s known, took the helm.
Cisco
FEBRUARY 20, 2024
The global cost of cybercrime in 2023 was set to hit 8 trillion U.S. dollars. The financial industry is a prime target as the rate of ransomware attacks has nearly doubled (64%) since 2021.
The Paypers
FEBRUARY 20, 2024
Coinbase Commerce has announced its decision to discontinue support for Bitcoin and similar UTXO coins.
American Banker
FEBRUARY 20, 2024
She mixed outspoken activism with business pragmatism, launching a bank that helped hundreds of African Americans buy homes in her longtime community.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
The Paypers
FEBRUARY 20, 2024
Global card issuer Mastercard has partnered with Netherlands-based mobile wallet Swoo to offer crypto cashback on everyday purchases.
American Banker
FEBRUARY 20, 2024
The Pittsburgh company says its new president, Michael Lyons, will report to William Demchak, who will continue as chairman and chief executive. Lyons is positioned to become PNC's next CEO someday, observers said.
The Paypers
FEBRUARY 20, 2024
US-based paytech ConnexPay has partnered with payment network UATP to launch the ConnexPay UATP card, a virtual card designed for travel payments to members of the UATP network.
American Banker
FEBRUARY 20, 2024
The recently announced merger of Capital One and Discover would create a credit card behemoth, but would also create a credible challenger to the Visa-Mastercard duopoly. Regulators will have to choose between having both or neither.
Advertiser: ZoomInfo
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
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