Tue.May 14, 2024

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7-Eleven testing financial services in stores

Payments Dive

The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.

ATM 397
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Cardless ATMs deliver Google/Apple Pay

ATM Marketplace

Cardless ATMs are paving the way for a more convenient banking experience by enabling Google and Apple Pay transactions.

ATM 115
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Fed bombarded by debit card fee commentary

Payments Dive

The Federal Reserve Board said it has received some 2,500 comment letters regarding its Regulation II proposal to cut the fees that merchants are charged when they accept debit cards.

Cards 243
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Unveiling the Secrets of Low-Interest Commercial Loans

Commercial Lending USA

Businesses can get low-interest commercial loans to help them with things like growing, buying tools, or keeping track of their inventory.

Tools 98
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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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Finastra certifies multiple solutions for ISO 20022 compliance

The Paypers

Global provider of financial software applications Finastra has announced the completion of testing and certification for ISO 20022.

More Trending

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Insights from the 2024 Bankers as Buyers Report: Preparing your Financial Institution for the Future

William Mills

In a constantly evolving world and financial landscape, understanding today’s trends will guide future decision making and allow banks and credit unions to prepare their financial institution for the future.

Report 88
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Intensifying war increasing threat to Ukraine economy, EBRD warns

TheGuardian

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’ Ukraine’s war-torn economy faces a renewed threat as Russia’s intensifying war takes its toll on power plants and forces Kyiv to send key workers to the frontline, the European Bank for Reconstruction and Development has warned.

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How a Minnesota bank is jumping into the earned wage access market

American Banker

Stearns Bank in Saint Cloud is working with the on-demand payment technology firm Reset to launch an earned-wage card for blue collar and immigrant families struggling with access to money.

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Inside look: FIS’ cloud strategy

BankInovation

Fidelity Information Services is looking to the public cloud to scale operations and reduce costs.

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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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Kabbage, a bankrupt fintech lender, settles PPP fraud case with DOJ

American Banker

The small business lender's bankrupt shell has agreed to pay up to $120 million in connection with allegations that its verification processes for Paycheck Protection Program loan applications were faulty. The government argued that Kabbage reaped larger fees by enabling fraudulently inflated loans.

Fraud 78
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BBVA runs successful trial of distributed quantum simulation

The Paypers

Financial services group BBVA has completed a successful pilot test of distributed quantum simulation across multiple services in the AWS cloud.

Groups 74
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Bankers more optimistic about loan growth this year

American Banker

Executives also say funding pressures have begun to ease, though high interest rates and deposit costs remain a leading worry, according to new surveys.

Survey 78
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Podcast: 95% of data is unstructured

BankInovation

Financial institutions are looking to AI to help organize and tap into their structured and unstructured data. Data is “really the operational lifeblood of how FIs operate in modern time,” Abrar Huq, co-founder and chief revenue officer of AI-driven digital documentation tool Arteria AI, tells Bank Automation News on this episode of “The Buzz” podcast.

Data 69
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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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More consumers are maxing out their credit cards: New York Fed

American Banker

The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a decade, according to new research. Still, card companies are generally expressing optimism about their credit outlooks.

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ABA, CBA: Colorado lending caps put state-chartered banks at ‘severe disadvantage’

ABA Community Banking

ABA and CBA filed an amicus brief in support of a lawsuit brought against Colorado for a new law capping interest rates and fees on loans to state residents made by state-chartered banks, no matter where the bank is located. The post ABA, CBA: Colorado lending caps put state-chartered banks at ‘severe disadvantage’ appeared first on ABA Banking Journal.

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CDFIs are steadily becoming a bigger cog in the financial system

American Banker

Community Financial Development Institutions' mission-driven lending has traditionally been a small segment of the lending market. That's beginning to change, but plugging into secondary lending markets might not be the kind of change communities need.

System 65
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Fed’s Cook: CDFIs face many challenges in current economic climate

ABA Community Banking

As “financial first responders,” community development financial institutions have the creativity and funding structures to assist low-income communities, but they face many challenges in today’s economic environment, Federal Reserve Governor Lisa Cook said. The post Fed’s Cook: CDFIs face many challenges in current economic climate appeared first on ABA Banking Journal.

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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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Dave Fishwick of 'Bank of Dave,' has a new nemesis: Payday lenders

American Banker

The real-life British banker behind the hit Netflix movie 'Bank of Dave' talked with American Banker about the sequel due out next year and why opening more local community banks is so important.

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Tietoevry Banking partners with Geldmaat

The Paypers

Tietoevry Banking has announced the renewal of its partnership with Netherlands-based cash provider Geldmaat for ATM SaaS solutions.

ATM 48
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The rising pressures on credit card issuers

American Banker

Regulation, credit quality and AI-fueled fraud are among the big concerns for banks and payment companies.

Cards 36
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XREX Singapore receives MPI licence from MAS

The Paypers

Taiwan-based blockchain fintech company XREX has obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).

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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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One Step Ahead: How Community Banks and Credit Unions Should Cut Fraud Losses

The Financial Brand

This article One Step Ahead: How Community Banks and Credit Unions Should Cut Fraud Losses appeared first on The Financial Brand. Proactive fraud management is key to protecting financial institutions' bottom line. This article One Step Ahead: How Community Banks and Credit Unions Should Cut Fraud Losses appeared first on The Financial Brand.

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Guavapay taps Snowdrop to improve the user payment experience

The Paypers

UK-based fintech Guavapay has teamed up with data intelligence company Snowdrop Solutions to enrich transaction data in the MyGuava App.

Fintech 45
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Is It Finally Time to Reinvent Credit Card Fees?

The Financial Brand

This article Is It Finally Time to Reinvent Credit Card Fees? appeared first on The Financial Brand. Limits on late fees may force issues to consider new revenue models, including subscription pricing. This article Is It Finally Time to Reinvent Credit Card Fees? appeared first on The Financial Brand.

Cards 17
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Mercuryo adds on-ramp solutions for Meteor Wallet on NEAR blockchain

The Paypers

UK-based Mercuryo has integrated on-ramp solutions for Meteor Wallet to enable easy cryptocurrency purchases and access to NEAR blockchain dApps.

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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.