Hurricane Helene aftermath prompts card, cash troubles
Payments Dive
OCTOBER 3, 2024
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
Thu.Oct 03, 2024
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How to End Price Your Deposit Accounts
South State Correspondent
OCTOBER 3, 2024
You oversee pricing your checking accounts and you are trying to decide between $10.00 per month, $9.99, or $9.95. Which one do you choose? In a prior article where we tested “charm” account pricing, where we showed that conversion rates were almost twice as high when we used a $1.99 price point for a product compared to $2.00 ( HERE ). In this article, we go a level deep in pricing deposit accounts and look at various tactics around “pricing syntax” or “end price.” Pricing Tactics for Dep
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OCC seeks to halt Illinois card interchange fee law
Payments Dive
OCTOBER 3, 2024
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
Mobile solutions offer competitive edge for credit unions
BankInovation
OCTOBER 3, 2024
Credits unions tapping Dublin-based fintech Pulsate for mobile solutions see a return on investment with a major uptick in funded loans, engagement and transactions. It is imperative that “community financial institutions [are equipped with] the tools they need to not just survive in this digital-first world, but be competitive,” Sarah Martin, chief executive of mobile […] The post Mobile solutions offer competitive edge for credit unions appeared first on Bank Automation News.
Back to Basics with Reconciliations
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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.
Visa expected to temper competitive moves after DOJ action
Payments Dive
OCTOBER 3, 2024
The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.
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The FDIC is proposing an unnecessary rule that will kill index funds
American Banker
OCTOBER 3, 2024
The Federal Deposit Insurance Corp. wants to remove an exemption that allows index funds to invest freely in bank stocks. The result will be damaging to the investors who have come to rely on the funds' steady returns.
Sharing interest rate risk: who is trading and what affects the costs?
BankUnderground
OCTOBER 3, 2024
Ioana Neamțu, Umang Khetan, Jian Li and Ishita Sen What do the 2023 Silicon Valley Bank collapse and the 2022 UK pension fund crisis have in common? Interest rate risk. Several sectors in the economy run significant asset-liability mismatch that makes them vulnerable to rapid interest rate changes: pension funds and insurers have short-term cash flows and long-term liabilities, while banks follow a lend-long-borrow-short approach.
Romania's central bank authorises the BLIK Romania instant payment system
The Paypers
OCTOBER 3, 2024
The National Bank of Romania has announced that it authorised the instant payment system BLIK operation on the country’s territory.
Podcast: How a Latin American banking franchise is growing in South Florida
ABA Community Banking
OCTOBER 3, 2024
Miami is often described as the northernmost city in Latin America, or sometimes as Latin America's business capital. Banesco USA Cali Garcia-Velez discusses how he and his team are growing a Latino banking franchise in South Florida. The post Podcast: How a Latin American banking franchise is growing in South Florida appeared first on ABA Banking Journal.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
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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
UK strengthens its role in the European fintech sector, report says
The Paypers
OCTOBER 3, 2024
A new Finch Capital report has revealed that the UK has solidified its position in Europe’s fintech industry, accounting for around two-thirds of the total deals made in the region.
Cynical Appraisers Lose: The Benefits of an Optimistic Mindset
Realwired Appraisal Management Blog
OCTOBER 3, 2024
People think that cynicism is a sign of intelligence. It’s not. We often think of cynics as realists, those who see the world for what it truly is. They don’t. 85% of people think a cynic will be a better lie detector than a non-cynic. They’re wrong.
Intrepid Credit Union partners with Alkami
The Paypers
OCTOBER 3, 2024
Alkami , a provider of cloud-based digital banking solutions has announced its partnership with Intrepid Credit Union to launch a new digital banking platform.
US port strike puts payments tech to the test
American Banker
OCTOBER 3, 2024
Recent advancements in transaction processing aim to improve visibility into cash flow, which can be thrown into chaos with uncertain shipments.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
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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.
Hastings Direct Loans automates its processes using IDVerse identity
The Paypers
OCTOBER 3, 2024
Hastings Direct Loans has announced its collaboration with IDVerse Identity to automate personalised journeys and improve its growth strategies.
20 credit unions with the largest portfolios of credit card loans
American Banker
OCTOBER 3, 2024
The top five credit unions on this list have more than $36 billion in unsecured card loans and lines of credit.
Old National Bank CEO appointed chair of ABA’s American Bankers Council
ABA Community Banking
OCTOBER 3, 2024
ABA announced that James Ryan has been named chair of ABA’s American Bankers Council for the 2024-2025 membership year. The post Old National Bank CEO appointed chair of ABA’s American Bankers Council appeared first on ABA Banking Journal.
Fed fines bank over flood insurance; IT worker cited for mishandling documents
American Banker
OCTOBER 3, 2024
The Federal Reserve issued two enforcement actions, one against a bank in Montana, the other against a former information technology employee in Wyoming.
It Takes Two to Tango
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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.
Sygnum launches Web3 wallet recovery solution with Safe
The Paypers
OCTOBER 3, 2024
Sygnum has introduced a web3 wallet recovery module built on Safe, leveraging the capabilities of the Safe{RecoveryHub} ecosystem.
How the US port strike affects banks
American Banker
OCTOBER 3, 2024
Coordinated strikes by dock workers along the Eastern Seaboard and the Gulf Coast could cause issues for banks that provide credit to foreign shipping groups and domestic trucking companies.
HSBC introduces new Embedded Finance venture
The Paypers
OCTOBER 3, 2024
UK-based financial services provider HSBC has announced the launch of its new jointly-owned Embedded Finance venture, SemFi by HSBC, intending to provide optimised solutions to business clients.
OCC backs banks in fight against Illinois interchange law
American Banker
OCTOBER 3, 2024
The OCC has filed a legal brief backing the banking industry's challenge to Illinois' Interchange Fee Prohibition Act, arguing the law would interfere with national banks' federal authority, fragment the national payment system and force banks to halt credit card usage in the state.
The 2024 Lenders Guide to Automating the Complex Loan
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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.
Aryza Group acquires NTI
The Paypers
OCTOBER 3, 2024
Ireland-based developer of software solutions for the financial services industry Aryza Group has announced the acquisition of NTI , aiming to solidify its presence in the insolvency sector.
Visa launches platform to help banks issue stablecoins globally
American Banker
OCTOBER 3, 2024
The Visa Tokenized Asset Platform will allow banks to "mint, burn and transfer" tokens as more financial institutions and businesses express interest in how cryptocurrencies and blockchain technology can improve their operations.
Bankingly leaks data from seven financial institutions in Latin America
The Paypers
OCTOBER 3, 2024
Digital banking platform Bankingly has leaked data from seven financial institutions across Central and South America, which left clients exposed to phishing and social engineering attacks.
Credit union-bank merger lifts contentious deal tally to all-time high
American Banker
OCTOBER 3, 2024
OneAZ Credit Union in Phoenix said it would acquire 1st Bank Yuma in the record-setting 17th deal of 2024 involving a credit union buying a bank.
Confronting the Change Challenge
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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.
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