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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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.
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.
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.
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.
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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.
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.
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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.
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.
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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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.
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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.
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
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
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.
American Banker
OCTOBER 25, 2023
Banks and dissenting policymakers have raised the possibility of challenging regulators' Community Reinvestment Act overhaul in court, but it remains unclear whether they intend to walk the walk.
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