Payments Dive
DECEMBER 12, 2024
“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.
South State Correspondent
DECEMBER 12, 2024
Should borrowers pay commercial loan points to lower future interest payments? Loan or mortgage points are upfront fees paid by the borrower to the lender to reduce the interest rate on a loan or mortgage. For example, assume that a borrower is considering a loan, structured as a 25-year amortization, due in ten years, at 7.00% fixed rate. For this loan, the bank should be able to accept a $36k upfront fee to lower the payment on the loan by 50bps to 6.50%.
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Payments Dive
DECEMBER 12, 2024
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
South State Correspondent
DECEMBER 12, 2024
If you are conducting bank strategy or marketing around demographic information, at best you are being lazy and ineffective. At worst, you are being sexist, ageist and a bunch of other names that can hurt your culture and reputation while wasting your marketing budget. In this age of data, getting to the Holy Grail of marketing understanding the intent of what the customer is a three-month project away.
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Payments Dive
DECEMBER 12, 2024
Shift4 quietly updated its website in recent days to say that Eigen Payments is now a part of the payments processing company.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
William Mills
DECEMBER 12, 2024
The highly anticipated Wicked film is more than just a blockbuster adaptation of a Broadway classicits a masterclass in thoughtful storytelling, an exploration of complex relationships, and a testament to the power of embracing individuality.
American Banker
DECEMBER 12, 2024
Banks that don't focus on credit cards for this market may find larger banks and fintechs are eating their lunch.
ABA Community Banking
DECEMBER 12, 2024
The banking industry reported net income of $65.4 billion in the third quarter of 2024, a decrease of $6.2 billion, or 8.6%, from the prior quarter, according to the FDIC. The post Quarterly Banking Profile: Banking net income $65.4 billion in Q3 2024 appeared first on ABA Banking Journal.
American Banker
DECEMBER 12, 2024
In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for overdraft fees or another amount commensurate with costs. Banks could also charge more if they disclose the fees' annual percentage rate of interest to customers.
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The Financial Brand
DECEMBER 12, 2024
This article Payments in 2025: 5 Strategic Priorities for Bank Execs appeared first on The Financial Brand. The widespread adoption of digital payments is not just a shift in channels or platforms. It may represent an existential threat to retail banking. This article Payments in 2025: 5 Strategic Priorities for Bank Execs appeared first on The Financial Brand.
American Banker
DECEMBER 12, 2024
Execs from U.S. Bancorp and Key bank discuss how emerging technology makes it easier to replicate the near invisible checkout that car-sharing riders enjoy.
The Financial Brand
DECEMBER 12, 2024
This article EY Banking Chief: The Banking Industry Must Build New Capabilities to Survive appeared first on The Financial Brand. EY's global banking leader discusses how embedded finance, geopolitical uncertainty, and payment innovation are reshaping the industry's competitive landscape. This article EY Banking Chief: The Banking Industry Must Build New Capabilities to Survive appeared first on The Financial Brand.
American Banker
DECEMBER 12, 2024
The Canadian bank received approval from the Federal Reserve to increase its ownership stake in KeyCorp to up to 14.9%.
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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.
The Financial Brand
DECEMBER 12, 2024
This article The AI Tipping Point: How Banks Will Drive Real Results in 2025 appeared first on The Financial Brand. As this year draws to a close, AI's momentum continues to build as early adopters see tangible results from their investments. This article The AI Tipping Point: How Banks Will Drive Real Results in 2025 appeared first on The Financial Brand.
American Banker
DECEMBER 12, 2024
The Department of Justice is trying to fix a system that isn't broken. The better move would be to allow the ruthlessly competitive payments marketplace to generate new and better products.
The Financial Brand
DECEMBER 12, 2024
This article The AI Tipping Point: How Banks Will Drive Real Results in 2025 appeared first on The Financial Brand. As this year draws to a close, AI's momentum continues to build as early adopters see tangible results from their investments. This article The AI Tipping Point: How Banks Will Drive Real Results in 2025 appeared first on The Financial Brand.
American Banker
DECEMBER 12, 2024
Walmart is pouring more firepower into its fledgling financial venture, signaling its ambition to wade deeper into financial services.
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The Emmerich Group
DECEMBER 12, 2024
Ready to build a high-performance culture? Click here to watch our exclusive masterclass and discover proven strategies for driving excellence in your organization. This week, I want to talk about getting rid of the crazy. Almost every workplace has a little bit of crazy going on: gossip, whining, excuses, blaming, and pot-stirring. Almost every executive team I talk to when I ask them what has been going on will tell me, You know, we have big things to do, yet we’re still acting like four
American Banker
DECEMBER 12, 2024
Shortly after UnitedHealthcare CEO Brian Thompson was gunned down in front of the New York Hilton, previously published reports began surfacing about
American Banker
DECEMBER 12, 2024
The Federal Deposit Insurance Corp.'s Q3 Quarterly Banking Profile report highlighted net bank income falling 8.6%, but also showed slow delinquency growth in commercial real estate and core income metrics improving across the banking sector.
American Banker
DECEMBER 12, 2024
Orange Bank and Trust in Middletown says it will operate as a boutique commercial bank, focusing on small business, nonprofits and the borough's sizzling housing construction market.
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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.
American Banker
DECEMBER 12, 2024
After the Toronto-based bank faced record penalties in the U.S., it made new disclosures about its anti-money-laundering compliance obligations in Canada, where critics say regulators have been too lax.
American Banker
DECEMBER 12, 2024
Brian Brooks, former acting Comptroller of the Currency in the first Trump administration and advisor to the President-elect's transition team, said new agency heads will open up commercial real estate lending, approach credit risk management differently and privatize Fannie Mae and Freddie Mac.
American Banker
DECEMBER 12, 2024
The Arkansas Republican pledges to reduce excessive regulation and align financial policies with GOP goals.
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