Tue.Nov 05, 2024

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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.

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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.

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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.

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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

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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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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.

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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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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What Do FDIC Examiners Think About AI? To Find Out, I Asked One

The Financial Brand

This article What Do FDIC Examiners Think About AI? To Find Out, I Asked One appeared first on The Financial Brand. Five key takeaways from my recent meeting with a bank examiner can help you prepare for your own next agency conversation. This article What Do FDIC Examiners Think About AI? To Find Out, I Asked One appeared first on The Financial Brand.

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NatWest partners with Mastercard to launch mobile virtual cards for UK companies

The Paypers

NatWest has announced its partnership with Mastercard in order to launch a mobile virtual card offering for UK companies and their employees.

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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.

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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.

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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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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.

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Bluecode launches contactless NFC payments

The Paypers

Austria-based payment brand Bluecode has announced the launch of NFC technology for iOS and Android devices, with the solution coming along with barcode and QR.

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Bank stocks rise as investors await election results

American Banker

Investors brushed off a potentially prolonged week of U.S. election results and instead focused on fresh economic data.

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SCRYPT teams up with P2P.org

The Paypers

SCRYPT, a provider of institutional cryptocurrency solutions, has teamed up with P2P.org to support efficient on-ramp and off-ramp services for token swaps.

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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.