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 221
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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.

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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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Back to Basics with Reconciliations

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.

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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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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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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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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.

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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.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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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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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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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.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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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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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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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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It Takes Two to Tango

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.

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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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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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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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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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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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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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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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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.

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Nationwide joins Open Property Data Association

The Paypers

Nationwide Building Society , based in the UK, has joined the Open Property Data Association (OPDA) to support the implementation of Open Data standards in the property market.

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Confronting the Change Challenge

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.