Accenture

JULY 17, 2024

Interest rates and inflation are on everyone’s minds. Cost-conscious customers want to see value for their money and don’t want to pay for what they don’t use. Companies, in turn, are looking to better align their pricing with costs. Even as budgets tighten, they want to attract new customers, reduce churn and boost revenue. The… The post Usage-based pricing: Achieve growth with value-added payment services appeared first on Accenture Banking Blog.

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Payments Dive

JULY 17, 2024

The student loan sale is the latest loose end Discover seeks to tie up since Capital One announced its intent to purchase the card company.

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Capital Cards Company 195

BankUnderground

JULY 17, 2024

Joel Mundy and Matt Roberts-Sklar When markets are volatile, liquidity tends to worsen. This makes it harder to intermediate buyers and sellers. We saw this during the 2022 liability-driven investment (LDI) stress, when the UK government bond (gilt) market exhibited extreme volatility. This illiquidity was also evident in gilt futures, derivatives that support functioning in the cash gilt market.

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Marketing Policies Technology Analysis 113

Payments Dive

JULY 17, 2024

Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.

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Capital Payments 195

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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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American Banker

JULY 17, 2024

Congress needs to take immediate action to reform policies that foster this trend and ultimately subsidize banking consolidation on Main Street, writes Rebeca Romero Rainey, president and CEO of the Independent Community Bankers of America.

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Community Community Bank Policies Maine 99

American Banker

JULY 17, 2024

The Chinese technology giant is partnering with BNP Paribas to reach more merchants; Sequoia makes an investment offer that could boost confidence in Stripe; and more.

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Technology cryptocurrency Cards Payments 88

BankInovation

JULY 17, 2024

HSBC Holdings Plc staff entering Georges Elhedery’s office in Dubai used to joke that it felt like walking into a freezing meat locker. The executive told a colleague that the abnormally cold room made him more productive.

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Retail 68

The Paypers

JULY 17, 2024

Hewlett Packard Enterprise (HPE) has partnered with Australia-based retail stockbroker CMC Markets to modernise their Australian operations with HPE GreenLake cloud.

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Marketing Retail Operations 60

BankInovation

JULY 17, 2024

Ally Financial continues to invest in its digital capabilities as clients gravitate toward its online channels. “We’ve made significant investments to modernize our technology platform, including the core operating system of the auto finance business and ongoing investments in data and analytics,” Chief Executive Michael Rhodes said during today’s second-quarter earnings call.

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Analytics Data System Operations 63

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Lending

TheGuardian

JULY 17, 2024

Former finance chief takes up role in September when 37-year company veteran Noel Quinn stands down Business live – latest updates HSBC has named its finance chief, Georges Elhedery, as the bank’s new chief executive to replace Noel Quinn, who is stepping down after five years in the role. Elhedery, who will take on the post in September, is being promoted from chief financial officer, which he took up in January last year.

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Company 53

BankInovation

JULY 17, 2024

U.S. Bank expects revenues from its payments segment to continue to climb as it develops and deploys technology for small- and medium-sized businesses. The $669 billion bank reported $1.1 billion in payments revenue in the second quarter, up 2.7% year over year, according to the company’s earnings report. Merchant payments processing revenue accounted for 84.

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Payments Report Technology US 63

TheGuardian

JULY 17, 2024

Georges Elhedery learned Mandarin in preparation for the top job, a sign that he grasps exactly where his lender’s strength and weakness lie When a handful of Hong Kong journalists dialled in to a media call with HSBC bosses in February, Georges Elhedery took them by surprise. In a momentary distraction from the bank’s 80% drop in annual profits , the chief financial officer issued greetings in Mandarin.

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American Banker

JULY 17, 2024

CTrust is providing scores specific to the legal weed business, an industry that poses a lot of challenges and opportunities for banks and other lenders.

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Payments Industry Technology 53

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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

JULY 17, 2024

ChargeAfter has announced its partnership with pay-over-time financing option provider Snap Finance in order to expand its embedded lending network.

Lending 45

Lending 45

American Banker

JULY 17, 2024

The credit card giant says its proposed acquisition of Discover would facilitate a bevy of community development activity and philanthropy. But some public advocacy groups are skeptical.

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Community Capital Cards Groups 48

The Paypers

JULY 17, 2024

In collaboration with Mastercard , Raistone has published a whitepaper highlighting how many SMEs turn to Account Receivable Finance (ARF) to improve working capital.

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Capital 41

American Banker

JULY 17, 2024

An analysis of 13 comment letters from the financial industry highlights the most important changes banks want to see to rules proposed by CISA.

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Regulation Analysis Industry Cyber Security 48

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The Paypers

JULY 17, 2024

The Payment System Regulator (PSR) and the Financial Conduct Authority (FCA) have launched a joint call to gather additional information on Big Tech and the use of digital wallets.

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Regulation System Payments 36

American Banker

JULY 17, 2024

For at least the fifth consecutive quarter, the Providence, Rhode Island, company increased its allowance for credit losses on general office loans, which continue to be a problem area for banks.

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Rhode Island Company Lending 41

The Paypers

JULY 17, 2024

Westpac has introduced dynamic mobile cards for institutional, corporate, and government clients, allowing quick and secure 'tap and go' payments, and granting them better control.

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Mobile Cards Security Payments 36

American Banker

JULY 17, 2024

The credit card company is seeing fewer customers fall behind on their payments. But with lower-income consumers still being pinched by inflation, Synchrony isn't loosening its lending standards.

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Lending Cards Payments Company 36

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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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Image Works Direct

JULY 17, 2024

image.works employs a lot of graphic designers, but if there were an award for “Most Active,” Emma Strieker would probably win. In her off hours she’s often on the go, whether it’s “fishing for hours, going to the skate park, downhill skiing, hiking, gardening, kayaking” or just being outside.

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American Banker

JULY 17, 2024

The Detroit-based auto lender has been dealing with an imbalance in deposit costs and loan yield since rates rapidly rose. Now, the bank's fixed-rate loans from before are maturing.

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Detroit Lending 36

The Paypers

JULY 17, 2024

Mangopay has announced its partnership with European marketplace ManoMano in order to power new payment capabilities for marketplace businesses.

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Payments 41

American Banker

JULY 17, 2024

Morgan Stanley became the latest big Wall Street bank to tap the U.S. investment-grade market Wednesday after reporting earnings, as strong investor demand helps lenders borrow at lower yields than would have been possible at the start of the month.

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Marketing Report 36

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