Payments Dive
OCTOBER 25, 2023
Pay attention to how legacy vendors are integrated after an acquisition, treat internal data sharing requests as cyber risks and don’t let staff test systems using real data.
South State Correspondent
OCTOBER 25, 2023
Halloween is approaching, so we might as well talk about death. Checks are dying and about to die quicker, given the rise of instant payments. In the next two years, many banks will have strategic plans to phase checks out, given their cost and reduction in frequency. Checks are getting to the point where they are too costly to process for the bank, business, and household.
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Payments Dive
OCTOBER 25, 2023
Fiserv CEO Frank Bisignano said Tuesday that his company is now PayPal’s “core U.S. partner for payment services.
South State Correspondent
OCTOBER 25, 2023
After Brief Rally, Treasury Yields Head Higher Again Treasury yields are moving higher once again this morning as the Treasury’s expected announcement next week of increased auction sizes is starting to weigh on markets, and the lates PMI and new home sales offer little indication of a slowing fourth quarter economy. Presently, the 10yr is yielding 4.91%, down 20/32nds in price while the 2yr is yielding 5.09%, down 1/32nd in price.
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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.
Payments Dive
OCTOBER 25, 2023
The Federal Reserve Board proposed a rule change that would slash the amount card issuers can charge merchants for processing a debit transaction. The proposal also calls for periodic updates to the fee cap in the future.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
OCTOBER 25, 2023
The card network’s CEO on Tuesday backed a recent Consumer Financial Protection Bureau proposal on open banking, but was more circumspect about Fed moves on debit rules.
Jack Henry
OCTOBER 25, 2023
To gather deposits & remain competitive, invest in digital enhancements. Click to read tips to combine deposit, digital, & payment strategies serving GenZ.
TheGuardian
OCTOBER 25, 2023
Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024 UK house prices will continue to slide this year and in 2024 and will not start to recover until 2025, Lloyds Banking Group has forecast. The lender, which owns Halifax and is Britain’s largest mortgage provider, said that by the end of 2023 UK house prices will have fallen 5% over the course of the year and are likely to fall another 2.4% in 2024.
BankInovation
OCTOBER 25, 2023
Deutsche Bank is pulling back on costs to boost efficiency through reducing headcount, streamlining front-to-back processes and shrinking the bank’s footprint. The Frankfurt, Germany-based bank aims to save 2.5 billion euros ($2.6 billion) annually by 2025, according to its third-quarter 2023 earnings supplement.
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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
American Banker
OCTOBER 25, 2023
A selloff of the French company's shares sparked similar issues at other publicly traded payments firms in Europe. The question is whether the underlying issues — inflation and fears of recession — are severe enough to drag down American companies as well.
BankInovation
OCTOBER 25, 2023
Banco Santander focused on efficiency and technology in the third quarter with the ongoing implementation of its One Transformation plan. One Transformation is a common operating business model, across retail and commercial banking that is improving the bank’s customer service and profitability, Chief Executive Hector Grisi said today during the bank’s earnings call.
American Banker
OCTOBER 25, 2023
The Oklahoma-based bank is projecting a modest uptick in spending alongside continuing loan growth. Many other banks are tightening the purse strings amid weaker loan demand.
BankInovation
OCTOBER 25, 2023
Payments behemoth Mastercard has joined forces with JPMorgan Chase to provide customers with a pay-by-bank option. Pay-by-bank can be used by billers for recurring payments like rent, utilities, health care and tuition, among others, according to an Oct. 20 Mastercard release.
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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.
American Banker
OCTOBER 25, 2023
The fintech Greenlight Financial has formed a CUSO to expand access to its family banking app and educational resources after strong interest from credit unions.
The Paypers
OCTOBER 25, 2023
Emerging markets payment provider dLocal has partnered with ACE Money Transfer to offer instant, secure, and cost-effective remittances in APAC and EMEA.
American Banker
OCTOBER 25, 2023
Commonwealth Bank of Australia is examining how it can use generative artificial intelligence to simulate customers testing products, and U.S. Bancorp's Elavon unit receives a financial services license from the Bank of England.
The Paypers
OCTOBER 25, 2023
Home rental platform Airbnb has partnered with Klarna to launch the Pay Over Time with Klarna system in Australia.
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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.
American Banker
OCTOBER 25, 2023
Banking executives anticipate that loan demand will remain muted over the next 12 months, according to a new survey by the financial services firm IntraFi. That finding lines up with bankers' expectation that rates won't start declining until at least the second half of 2024.
The Paypers
OCTOBER 25, 2023
US-based blockchain and crypto solutions company Ripple has partnered with Uphold to improve the former’s cross-border payments infrastructure.
American Banker
OCTOBER 25, 2023
As financial institutions increasingly rely on artificial intelligence for anti-money-laundering and fraud detection, they face challenges in meeting regulators' demands for complete transparency and documentation.
The Paypers
OCTOBER 25, 2023
UK-based data intelligence platform Bud Financial (Bud) has partnered with Blackbullion to enhance the latter’s financial well-being solutions for higher education students.
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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.
American Banker
OCTOBER 25, 2023
A Federal Reserve rule that kicked in during July altering how debit cards are routed online hasn't yet hurt Visa's U.S. transaction volume, which surged across consumer, commercial and cross-border channels during the quarter that ended Sept. 30.
The Paypers
OCTOBER 25, 2023
MoneyCollect has expanded its solutions in the Middle East and South America in order to foster financial inclusion and simplify payment processes in emerging markets.
American Banker
OCTOBER 25, 2023
The change would lower the maximum fee on a $50 debit transaction from 24.5 cents to 17.7 cents. The central bank points to lower processing costs for card issuers in recent years.
The Paypers
OCTOBER 25, 2023
UK-based global cross-border payments network TerraPay has partnered with Nequi by Bancolombia , in order to optimise remittance for customers in Colombia.
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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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