Payments Dive

APRIL 16, 2024

The chain first tested the technology that lets customers pay using their face in October, and began deploying it in January.

Technology 397

Technology 397

South State Correspondent

APRIL 16, 2024

Bankers often overlook how much money is stored in digital wallets away from their bank. While the amounts are relatively small on an individual basis, they are massive in aggregate. While some of these are stored at the banking-as-a-service banks such as Goldman Sachs, or The Bancorp, many digital wallets, like Starbucks, reside at the corporate level without interest or insurance.

FDIC 195

FDIC Examples Study Samsung 195

Payments Dive

APRIL 16, 2024

As crucial as it is to focus on your core business, today’s merchants demand a broader range of services from their providers. Can embedded finance help solve this core competency problem?

Payments 370

Payments 370

Jack Henry

APRIL 16, 2024

In the rapidly evolving landscape of the financial services, digital banking has reshaped the way individuals and businesses manage their finances. One of the key elements driving the success of digital banking services is the idea of optionality and making it easy to find banking features or products.

Digital Banking 113

Digital Banking Management 113

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Payments Dive

APRIL 16, 2024

The bureau has received about 15,000 complaints in the last two years concerning medical debt collectors according to general counsel Seth Frotman.

Payments 243

Payments 243

Payments Dive

APRIL 16, 2024

“The credit card industry should take a page from innovators, instead of relying on yesterday’s fee models,” argues the CEO of the payment tools provider.

Tools 195

Tools Innovation Cards Industry 195

American Banker

APRIL 16, 2024

New York Community Bancorp CEO Joseph Otting has added three former colleagues to the embattled company's leadership team. The hires come six weeks after the Long Island bank got a $1 billion capital infusion, which led to Otting's appointment as CEO.

Strategy 81

Strategy New York Leadership Community 81

BankInovation

APRIL 16, 2024

Bank of America’s digital offerings continue to be a draw, as its virtual assistant Erica reached 2 billion user interactions in the first quarter.

US 79

US Management America Retail 79

American Banker

APRIL 16, 2024

Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into potential money laundering issues involving wealth management clients. "We've been focused on our client on-boarding and monitoring processes for a good while," he said.

Strategy 78

Strategy Management Compliance Regulation 78

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BankInovation

APRIL 16, 2024

Morgan Stanley is looking to the strong merger and acquisition market as an opportunity to launch tech-driven tools that help its bankers and advisers make decisions.

Tools 57

Tools Management Marketing Company 57

American Banker

APRIL 16, 2024

The Pittsburgh-based regional bank also emphasized expense control for the first quarter and throughout 2024 as it manages credit quality vulnerabilities and higher charge-offs, particularly among office loans.

Regional 65

Regional Management Groups Lending 65

BankInovation

APRIL 16, 2024

PNC Financial worked to expand to new markets and grow its digital platforms in the first quarter.

Technology 55

Technology Retail Marketing Report 55

American Banker

APRIL 16, 2024

When its broad-spectrum payment card fraud-detection filters generated too many false alarms, FIS implemented AI to help banks prioritize which types of fraud to investigate first, in part by muting lower-risk notifications.

Fraud 64

Fraud Cards Payments 64

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The Paypers

APRIL 16, 2024

Tencent has streamlined WeChat account registration and card linking to Weixin Pay for international visitors to China to enhance their payment experience.

Payments 45

Payments Cards 45

American Banker

APRIL 16, 2024

The Federal Home Loan Bank System stepped up advances by 37% or more to Silicon Valley, Signature and First Republic banks ahead of their failures, the GAO says in a post-mortem on last year's banking crisis. The findings add to the debate about whether the system should be a lender of last resort.

System 45

System FDIC Policies 45

The Paypers

APRIL 16, 2024

Mastercard has partnered with Canadian fintech VoPay in order to provide customers with the possibility to move money quickly and securely with Mastercard Move.

Fintech 45

Fintech Security 45

American Banker

APRIL 16, 2024

Rep. Andy Barr, R-Ky., is running to lead his caucus in the House Financial Services Committee and says he has the skills to meld traditional and insurgent wings of the party.

Meeting 42

Meeting America Leadership Policies 42

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The Paypers

APRIL 16, 2024

Financial infrastructure platform for businesses Stripe has announced that it secured USD 694.2 million in the tender offer from February 2024.

Security 45

Security 45

American Banker

APRIL 16, 2024

Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency.

New York 41

New York Community Bank Community Marketing 41

The Paypers

APRIL 16, 2024

Brazil-based financial services platform Nubank has announced its plans to go beyond providing banking services and launch its own mobile phone operator company.

Operations 45

Operations Mobile Company 45

American Banker

APRIL 16, 2024

Bank of America and other banks' balance sheets have remained resilient despite higher interest rates, though uncertainties remain, including inflation and attacks in the Middle East.

America 36

America 36

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Operations

The Paypers

APRIL 16, 2024

The Reserve Bank of India (RBI) has planned to issue an additional licence category for point of sale (POS) businesses in a bid to improve the offline payments ecosystem.

Payments 41

Payments 41

American Banker

APRIL 16, 2024

Industry body UK Finance is expanding its pilot of an experimental shared ledger to track banking payments, hoping to join some of the dots in the nascent world of digital assets.

Industry 36

Industry Payments 36

The Paypers

APRIL 16, 2024

Financial services provider UK Finance has announced its plans to work on an additional UK Regulated Liability Network (RLN) experimentation phase with eleven of its members.

Regulation 41

Regulation 41

American Banker

APRIL 16, 2024

The Toronto-based bank has spent the last two years gathering client input and building a platform for customers to manage the flow of payments and receivables, pay taxes in the most efficient jurisdictions, balance currency risks and more.

Management 36

Management Taxes Payments Industry 36

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