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.
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.
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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.
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
Barclays shares jump as it announces cost-cutting drive to boost returns, shakes up its operations and aims to return £10bn to shareholders over the next three years U-turn and profits dip add up to tricky sell for Barclays Away from Barclays…Britain’s insecure jobs market and high housing costs are leading to the growth of a precarious middle class struggling to maintain a decent living standard on household incomes as high as £60,000 a year.
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.
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.
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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
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
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.
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
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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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.
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.
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.
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
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.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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.
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.
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 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.
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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.
The Paypers
FEBRUARY 20, 2024
Netherlands-based financial services provider Mollie has announced the launch of Mollie Capital in the UK to provide retailers with up to GBP 250,000 in financing for growth.
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.
The Paypers
FEBRUARY 20, 2024
Xalts has announced its acquisition of Contour Network and its plan to launch an application ecosystem for embedded trade financial solutions for global banks.
American Banker
FEBRUARY 20, 2024
The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
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