Tue.Jan 28, 2025

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What the critics of a strategic bitcoin reserve don't understand

American Banker

There are reasons to be cautious about how a strategic reserve of the cryptocurrency is established, but the economic arguments for including it in the federal government's portfolio are strong.

Bitcoin 92
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X teams with Visa on new digital payments tool

Payments Dive

Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.

Tools 301
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CFPB files lawsuit against Zelle operator over fraud concerns

The Paypers

The Consumer Financial Protection Bureau has filed a lawsuit against Early Warning Services, the operator of Zelle, along with three of its owner banks.

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Branch transformation: 4 strategies to follow

ATM Marketplace

Here are four strategies to follow for a successful branch transformation.

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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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U.S. Bancorp CEO Andy Cecere to retire, Gunjan Kedia named successor

American Banker

Kedia will be the first woman to run U.S. Bancorp and one of just two women CEOs at one of the nation's 50 largest banks.

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Cadence to buy FCB Financial in Georgia

ABA Community Banking

Cadence Bank in Tupelo, Mississippi, has agreed to buy FCB Financial in Savannah, Georgia. Also, the FDIC approved a proposed merger of West Virginia, Ohio banks. The post Cadence to buy FCB Financial in Georgia appeared first on ABA Banking Journal.

Georgia 52
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Wells Fargo exits consent order. Is more regulatory progress coming?

American Banker

Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be numbered. But the consumer bureau, still led by Director Rohit Chopra, says Wells is still being scrutinized as a repeat offender.

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Ripple expands global licencing to 55, adds Texas and New York

The Paypers

Ripple has announced an expansion of its Money Transmitter Licences (MTLs), reaching a total of 55 globally.

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USAA sues Regions Bank in latest mobile deposit lawsuit

American Banker

USAA claims to have developed the mobile capture deposit technology and has already successfully sued Discover and Truist, among others.

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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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Abrigo acquires Integrated Financial Solutions

The Paypers

Abrigo has announced its acquisition of Integrated Financial Solutions , a provider of IFSLeaseWorks, adding automation for its equipment leasing.

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HomeTrust to sell east Tennessee branches to Apex Bank

American Banker

Asheville, North Carolina-based HomeTrust Bancshares is pulling back from the region, selling its two Knoxville branches for an undisclosed sum. Apex will assume the branches' deposits, valued at an estimated $42 million.

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Affirm partners with Liberty Mutual Investments

The Paypers

Affirm , a payment network for merchants and consumers, has expanded its partnership with Liberty Mutual Investments (LMI) to upsize both companies’ forward flow loan purchase programme.

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Synchrony takes hit from investors after charge-offs rise

American Banker

Synchrony Financial's fourth-quarter earnings results missed analysts' forecasts and investors pummeled the stock due to a jump in charge-offs.

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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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Noda introduces AI-powered payment pages for content creators

The Paypers

Fintech Noda has launched No-code Payment Pages, a tool designed to help gaming streamers and content creators set up customised payment pages.

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Sage Capital Bank hopes digital banking upgrade fosters growth

American Banker

A partnership with fintech Apiture will give the bank new online and mobile banking services by the end of 2025.

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EWC releases RFC 2.2 for payments

The Paypers

The EU Digital Wallet Consortium ( EWC ) has released RFC Version 2.2 as part of its Large-Scale Pilot (EWC LSP).

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Congress to mull long-term fix for federal flood insurance

American Banker

The FEMA-operated program has over 4.7 million policies in force, and lawmakers have kept it intact via dozens of short-term extensions since 2017.

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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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Mollie supports Tap to Pay on iPhone for businesses in the UK

The Paypers

European financial services provider Mollie has announced that it now supports Apple ’s Tap to Pay on iPhone for businesses, regardless of size, across the UK.

Apple 36
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WSFS beats analysts' expectations on strong wealth performance

American Banker

Executives at the Wilmington Delaware-based bank are optimistic about 2025. Its results in the final three months of last year were hurt by an "isolated" incident in its 26-year-old ATM servicing business.

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Texas Security Bank teams up with ATTUNE

The Paypers

Texas Security Bank has entered into a collaboration with ATTUNE , a digital origination solutions provider, to improve its business deposit and mortgage origination processes.

Texas 36
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Fintechs may gain at banks’ expense in Trump era

Payments Dive

The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.

Policies 222
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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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ACE Money Transfer partners with Alipay to increase remittances to China

The Paypers

ACE Money Transfer, a provider of international remittances, has announced a collaboration with Alipay, one of the digital payment platforms globally.

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ABA chair sees room for change under Trump administration

American Banker

John Asbury, who is CEO of Atlantic Union Bankshares, said credit unions that compete head-to-head with for-profit banks should lose their tax-exempt status. He also called for bank regulation based on complexity rather than size.

Taxes 45
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BaFin grants EU crypto licences to Bitpanda and Crypto Finance

The Paypers

The German banking regulator, BaFin , has granted cryptocurrency services licences to both Crypto Finance and Bitpanda , allowing them to operate across the EU.

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Trump's flip, EU regs give stablecoin issuers hope

American Banker

Circle and other payment executives say Trump's stated support for digital assets will remove hurdles that have held back support from merchants and consumers.

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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.