Fri.Nov 01, 2024

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5 payments predictions from research firm Forrester

Payments Dive

Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.

Payments 448
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AI Regulations for Financial Services: US Treasury Department

Perficient

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.

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Is the FTC targeting chargeback service providers?

Payments Dive

“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.

Industry 417
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How is commercial cash demand changing?

ATM Marketplace

How is commercial cash usage evolving?

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Fall In Love With the Month-End Close

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.

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We need both supply and demand strategies to address fair housing

American Banker

Systemic racial inequality has long been a drag on the U.S. economy, and nowhere is that more apparent than in the housing market. There are smart strategies that would even the playing field.

More Trending

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Don't fix what isn't broken at the Federal Home Loan banks

American Banker

The Home Loan banks have been a stable source of community bank funding for generations. An unnecessary regulatory crackdown now puts that reliability in question.

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CBI Partners with Zumo to explore sustainable digital asset tracking

The Paypers

UAE-based Commercial Bank International has signed a Memorandum of Understanding with Zumo, a UK-registered digital-assets-as-a-service provider.

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Why Marqeta became a BNPL matchmaker

American Banker

The payment company is connecting installment lenders with borrowers who may be looking for a product instead of a specific company.

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Revolut partners with Upvest to expand its wealth and trading offering

The Paypers

Revolut , a global financial app, has partnered with Upvest to expand its wealth and trading offering by launching ETFs and fractional European stocks.

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5 Ways You Can Win Faster with Gen AI in Sales

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.

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Weak October jobs report gives Fed ammo for rate cut

American Banker

Initial employment data shows virtually no job growth in October. With the Federal Reserve's focus on the labor market, the reading could seal the deal for a November rate cut.

Report 45
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TBC Uzbekistan partners with Mastercard

The Paypers

TBC Uzbekistan has announced its strategic partnership with Mastercard , as it continues its strategy of building its infrastructure for global payments and money transfers.

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CFPB threatens Meta with lawsuit over finance-related ad data

American Banker

The company disclosed the potential for legal action 'in the near-term' by the bureau in a recent earnings disclosure.

Data 41
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ID-Pal selected by the Irish Department of Justice for digital identity verification

The Paypers

The Irish Department of Justice has announced that it selected ID-Pal ’s solutions to support digital identity verification in immigration service renewal procedures.

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The Role of Automation in Commercial Lending

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.

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HomeStreet readies backup plan after regulators block deal

American Banker

HomeStreet and FirstSun are working to devise a new formula after the Texas Department of Banking and the Federal Reserve declined to approve their merger application.

Texas 41
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CFPB demands VyStar Credit Union to pay USD 1.5 million

The Paypers

The Consumer Financial Protection Bureau (CFPB) has taken action against VyStar Credit Union and ordered the company to pay USD 1.5 million for impairing consumers via its rollout of a new online banking system.

System 36
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Mid Penn Bancorp strikes deal to acquire rival, expand in Philadelphia

American Banker

The buyer said it would pay $127 million in stock to acquire William Penn Bancorp in suburban Bristol, Pennsylvania.

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Finfra secures USD 2.5 million

The Paypers

Lending-as-a-service infrastructure provider Finfra has raised USD 2.5 million in funding round, aimed at boosting embedded lending for Insonesian SMEs.

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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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More Community Banks Tap Treasury Management for Non-Interest Income

The Financial Brand

This article More Community Banks Tap Treasury Management for Non-Interest Income appeared first on The Financial Brand. Getting started in treasury demands clear focus on business customers' needs and hiring the right people — often from other banks. This article More Community Banks Tap Treasury Management for Non-Interest Income appeared first on The Financial Brand.

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MAS announces establishment of Global Finance & Technology Network

The Paypers

The Monetary Authority of Singapore (MAS) has launched the Global Finance & Technology Network (GFTN), aimed at strengthening Singapore's position as a global fintech leader.

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Townstone Financial agrees to settle redlining case

American Banker

The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.

Chicago 28
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TBC Bank Uzbekistan introduces Salom Card

The Paypers

TBC Bank Uzbekistan has announced the soft launch of Salom Card, its new debit card product, initially available to a waiting list of subscribers.

Cards 36
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Outsource With Confidence for RDC Program Success

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.

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CFPB penalizes credit union over 'botched' digital banking upgrade

American Banker

The agency said VyStar customers took on fees and credit report demerits because they could not access banking functions for months following an attempted upgrade.

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BIAN advances Coreless Banking Initiative to improve customer retention using AI

The Paypers

BIAN , the independent, non-profit standards association, has launched the fourth version of its Coreless Banking Initiative.

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US Bancorp splits payments biz; Flagstar ups tech and risk oversight

American Banker

U.S. Bancorp is splitting its payment services business in half; Flagstar Financial continues to fill out its leadership with an eye toward tech and risk management; First Horizon authorized an additional $350 million in stock buybacks for its $1 billion share repurchase plan; and more in this week's banking news roundup.

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Bluefin and Datacap partner to secure payments in hospitality sector

The Paypers

Bluefin , a provider of PCI-validated encryption and tokenization solutions for secure payments, has partnered with omnichannel payments provider Datacap.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.