Tue.Jul 23, 2024

article thumbnail

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 370
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Crafting an innovative retail banking experience

ATM Marketplace

A panel at the upcoming Bank Customer Experience Summit will cover how banks can craft new and improved retail spaces.

Retail 97
article thumbnail

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.

article thumbnail

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 221

More Trending

article thumbnail

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
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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
article thumbnail

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 61
article thumbnail

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.

article thumbnail

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.

article thumbnail

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
article thumbnail

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 57
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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
article thumbnail

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
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

41
article thumbnail

How Tough Problems Spur Powerful Banking Brands

The Financial Brand

This article How Tough Problems Spur Powerful Banking Brands appeared first on The Financial Brand. Can banking brands possess power similar to the likes of Netflix, Apple, and Whole Foods? Learn how Financial Center, an Indianapolis-based credit union, crafted a powerful brand founded on financial wellness. This article How Tough Problems Spur Powerful Banking Brands appeared first on The Financial Brand.

article thumbnail

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.