Tue.Nov 05, 2024

article thumbnail

Fed aims to make instant payments the norm

Payments Dive

“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.

Payments 476
article thumbnail

2024 Ranking Banking by Bank Director-Jeff For Banks Version

Jeff For Banks

Bank Director Magazine recently came out with its Ranking Banking report for 2024. The analysis was performed by Piper Sandler using the following criteria: "The report uses year-end 2023 data from S&P Global Market Intelligence. It uses four metrics to gauge the performance of public commercial and savings banks as defined by S&P. The metrics are core return on average assets and core return on average equity, tangible common equity to tangible assets, and nonperforming assets to loans

Trends 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DOJ’s Visa lawsuit could affect Capital One-Discover review

Payments Dive

If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.

Capital 243
article thumbnail

Teller Cash Recyclers 101: 4 facts to know

ATM Marketplace

TCRs have been around for a few decades now at this point, and they have evolved significantly since then. Here are four key facts to know about these machines.

107
107
article thumbnail

Back to Basics with Reconciliations

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.

article thumbnail

DOJ’s Visa suit is unfounded

Payments Dive

The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.

Fintech 221

More Trending

article thumbnail

Sheetz accepting crypto at all locations

Payments Dive

After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.

Retail 221
article thumbnail

Boots says it will ‘draw lessons’ from research into links to slavery

TheGuardian

Report looked into donations to Nottingham universities by Jesse Boot, who expanded pharmacy chain The high-street pharmacy Boots’s links to the transatlantic slave trade have been revealed in new research that shows how the proceeds of enslavement became entangled with British capitalism. Jesse Boot, the son of the company’s founder, expanded the chemist with the help of banks and premises linked to slavery.

Capital 77
article thumbnail

Mastercard gains edge in ancillary services

Payments Dive

The card network is besting its larger rival Visa in the sale of cybersecurity and data services, at least according to one set of analysts who reviewed their recent results.

Cards 195
article thumbnail

Wise Platform and Standard Chartered partner to improve international payments

The Paypers

Wise , a global technology company focused on cross-border money transfers, has partnered with Standard Chartered to support augmented international payments for the latter’s cross-border payment service.

article thumbnail

How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

article thumbnail

FDIC debuts online tool to promote creation of minority banks

ABA Community Banking

The FDIC has released a new online tool to help financial institutions, investors and others identify neighborhoods that could benefit from banking services. The post FDIC debuts online tool to promote creation of minority banks appeared first on ABA Banking Journal.

FDIC 52
article thumbnail

Swift and UBS complete blockchain pilot for tokenised fund transactions

The Paypers

Swift, UBS Asset Management, and Chainlink have recently completed a pilot programme focused on settling tokenised fund subscriptions over Swift.

article thumbnail

Mid Penn Bancorp to buy William Penn Bancorp in Pennsylvania

ABA Community Banking

Mid Penn Bancorp in Harrisburg, Pennsylvania, has agreed to buy William Penn Bancorp in Bristol. The deal is expected to close in the first half of next year. The post Mid Penn Bancorp to buy William Penn Bancorp in Pennsylvania appeared first on ABA Banking Journal.

article thumbnail

Thanks to the Inflation Reduction Act, all banks are 'green' banks now

American Banker

The Greenhouse Gas Reduction Fund, a major element of the IRA, provides a critical opportunity for banks to integrate green finance into their core strategies.

article thumbnail

Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

article thumbnail

Driving the Future of Fintech

Tomorrow's Transactions

Insights from Money20/20 USA 2024 and Consult Hyperion’s Legacy The fintech landscape has undergone remarkable transformations over the past decade, with Money20/20 USA serving as a pivotal platform for showcasing industry innovations and setting trends. Each year, this premier conference gathers leaders, innovators, and thinkers to discuss the future of financial services.

Fintech 39
article thumbnail

Konsentus to deliver Open Banking standards for Bank of Namibia

The Paypers

Konsentus has announced its collaboration with the Bank of Namibia in order to develop API standards and to support the bank’s implementation of Open Banking.

41
article thumbnail

Why payment firms are betting on embedded finance

American Banker

In a tough market for fintechs, Brex, Green Dot, Marqeta, and others are looking for ways to connect their clients to services outside of banking, a strategy that comes with regulatory risk.

article thumbnail

Nium and HyperGuest partners for travel and hospitality payments

The Paypers

Global infrastructure for real-time cross-border payments Nium has partnered with HyperGuest to streamline payments for the travel and hospitality industry.

article thumbnail

It Takes Two to Tango

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.

article thumbnail

Campaign promises complicate outlook on Fed policy

American Banker

The impact of both presidential candidates' fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve's outlook for monetary policy, which has become more aggressive toward rooting out inflation.

article thumbnail

Neem secured USD 4 million credit facility

The Paypers

Neem has announced the rise of USD 4 million credit facility from DNI Group to scale its earned wage access solution across the region of Pakistan.

article thumbnail

Pro-crypto House member wins Senate seat in California

American Banker

Adam Schiff, known as a pro-cryptocurrency lawmaker, has also introduced bills that would regulate "revolving door" employment at banking regulators.

article thumbnail

IDnow Trust Services AB gets certified as a Qualified Trust Service provider in the EU

The Paypers

Germany-based ID verification platform IDnow has announced its collaboration with IDnow Trust Services AB, a certified Qualified Trust Service Provider (QTSP) under EU Regulation 910/2014.

article thumbnail

The 2024 Lenders Guide to Automating the Complex Loan

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.

article thumbnail

How sports became central to this Florida bank's identity

American Banker

Amerant in Coral Gables has relied on partnerships with South Florida athletic franchises to build brand awareness and help ease its expansion in Tampa.

Florida 36
article thumbnail

Pix by Proximity is introduced

The Paypers

Pix by Proximity has been introduced by the Central bank of Brazil, available to Google digital wallet users and with a broader rollout to all Pix users set for February 2025.

Google 36
article thumbnail

Ally's Diane Morais looks back on her 37-year career in banking: The Climb

American Banker

Morais, the former president of consumer and commercial banking at Ally, reflects on the lessons learned in her more than three-decade career.

36
article thumbnail

Visa expands partnership with Intesa Sanpaolo

The Paypers

Multinational payment card services corporation Visa has announced the renewal of its multi-year strategic collaboration with Intesa Sanpaolo , with the two planning to focus on advancing the digital transition of payments.

Cards 36
article thumbnail

Confronting the Change Challenge

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.