Tue.Jul 23, 2024

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FTC demands pricing input from Mastercard, others

Payments Dive

The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.

Cards 222
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Union Budget FY-25: Taxation Updates You Need to Know

BankBazaar

Here’s a quick round-up of key taxation changes in the Union Budget 2024-25 that may impact your earnings this year. Explore BankBazaar >> The post Union Budget FY-25: Taxation Updates You Need to Know appeared first on BankBazaar - The Definitive Word on Personal Finance.

Taxes 147
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Amex benefits from young cardholders’ spending

Payments Dive

Gen Z and millennials are driving spending, sometimes as premium customers, to the benefit of the credit card company.

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Key Benefits of Embracing Open Banking and Real-Time Payments

Jack Henry

Grow your financial institution and reduce risk and fraud with open banking strategies and real-time payments. Click to learn about the benefits of open banking technology.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Fed fines Green Dot $44M over prepaid cards

Payments Dive

The consent order has been expected since February, when Green Dot revealed that reasonable associated losses could total $50 million.

Cards 195

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Financial firms tell Congress why they need AI

American Banker

Witnesses from companies across financial services and housing, including a credit union and a core services provider, attested to the value of AI in fighting fraud and boosting customer service at a hearing in the House of Representatives.

Fraud 80
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Transactions: Visa, Temenos team up for global payments

BankInovation

Financial technology provider Temenos will integrate money movement solution Visa Direct to its platform to provide banks with international money transfer capabilities. Visa Direct will allow Temenos’ bank customers to use cross-border payments like person-to-person payments, funds disbursements and bill payments.

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BOK Financial turns corner on deposit costs, drives steady loan growth

American Banker

The Oklahoma-based bank also struck an upbeat tone on economic conditions and credit quality after it reported a sharp quarter-over-quarter increase in net income.

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MANTL integrates with Q2's Digital Banking Platform

The Paypers

US-based origination platform MANTL has announced its integration with Q2 ’s Digital Banking Platform to deliver seamless account origination and onboarding to FIs.

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The 2024 Lenders Guide to Automating the Complex Loan

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.

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After a challenging quarter, Webster lowers its guidance

American Banker

The Northeast regional bank missed expectations on net interest income and negatively revised much of its 2024 guidance.

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NLB Banka’s Vucic joins Bank Automation Summit Europe speaker faculty

BankInovation

NLB Banka Chief Data Officer Sonja Vucic will speak at Bank Automation Summit Europe 2024 about the importance of quality data. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss bank automation, AI, payments and data.

Data 54
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Three benefits of AI in nursing.

PopularBank

By Andrew Boland – Director of National Healthcare Financing, Popular Bank For many of us, 2023 became the year when we got to experience the practical power of Artificial Intelligence (AI) firsthand. From interacting with customer service chat bots to using applications such as ChatGPT, Bard and Copilot, we’ve seen how useful and rapidly changing this technology can be.

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PhonePe and Google Pay see marginal decline, while Paytm records flat growth

The Paypers

UPI transactions have seen a marginal dip in June, with PhonePe and Google Pay seeing a decline, and Paytm recording flat development.

Google 67
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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Visa's CEO swipes at interchange settlement dismissal

American Banker

A federal judge recently rejected an agreement on transaction fees, ensuring that a multi-year battle between the credit card companies and merchants will continue. Ryan McInerney vented during Tuesday's earnings call.

Cards 80
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Inside look: AI, tech advancements at Brex

BankInovation

Expense management solutions provider fintech Brex is saving an average enterprise customer up to 300 hours per month in employee expense compliance efforts through its AI-driven Brex Assistant.

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Lawmakers say banks aren't doing enough for Zelle fraud victims

American Banker

Sen. Richard Blumethal, D-Conn., chair of the Senate Permanent Subcommittee on Investigation, asked bankers whether the Electronic Funds Transfer Act should be updated to include scams that involve authorized fund transfers.

Fraud 57
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i2c partners with Beyon Money Business

The Paypers

US-based banking and payments solutions company i2c has partnered with Beyon Money Business to launch an advanced corporate expense card programme for SMEs.

US 45
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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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Stop stifling the innovation inherent in bank-fintech partnerships

American Banker

America must never cease to be the global leader in innovation and entrepreneurship. However, when it comes to bank-fintech relationships, politics and misguided regulatory forces threaten the very foundation of that innovative spirit and limit consumer choice.

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TerraPay supports international payments with Swift connectivity

The Paypers

TerraPay has announced that financial institutions can transfer funds directly to mobile wallets internationally using their current Swift connections.

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Old National Bancorp sees growth in deposits, loans after acquisition

American Banker

Old National Bancorp's earnings remained strong as it continued its expansion into the southeast with its recent $344 billion acquisition of CapStar. Executives said they foresee similar growth for the remainder of the year.

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Mercuryo integrates crypto on-ramp with Indonesian banks

The Paypers

Mercuryo has integrated crypto on-ramp solutions in Indonesia, enabling users to convert their Indonesian rupiah into 40 digital tokens, including BTC, ETH, and USDT.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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FTC probes JPMorgan Chase, MasterCard over consumer data privacy

American Banker

Federal Trade Commission Chair Lina Khan said the "firms could be exploiting" personal data about customers to charge them higher prices.

Data 41
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XTransfer partners EBANX for B2B payments in LATAM

The Paypers

XTransfer , a B2B cross-border trade payment platform in China, has partnered EBANX , a payment platform for global companies operating LATAM, Africa, and Asia.

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Watchdog tells Fed to step up analysis on regulatory proposals

American Banker

The Government Accountability Office reviewed a decade worth of capital and liquidity reforms, including changes to the Federal Reserve's stress testing regime.

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Toqio partners with Visa

The Paypers

SaaS financial orchestration platform Toqio has partnered with Visa to provide payment solutions in distribution networks to non-financial companies.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.