Payments Dive

MAY 3, 2024

“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.

Fintech 418

Fintech Payments 418

BankInovation

MAY 3, 2024

Financial institutions that have gained agility through long-term technology investments are better prepared to complete mergers and acquisitions with limited client disruption. Technology integration during M&A activity is a customer-centric issue for banks, Danny Baker, vice president of market strategy at technology provider Fiserv, told Bank Automation News.

Marketing Strategies 118

Marketing Strategies Strategy Technology Marketing 118

Payments Dive

MAY 3, 2024

Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.

Company 396

Company 396

The Paypers

MAY 3, 2024

The Bank of Thailand has announced its initiative to launch secure and fast QR code cross-border payments between Thailand and India by Q3 2024.

Payments 101

Payments Security 101

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Groups

Payments Dive

MAY 3, 2024

The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.

Compliance 195

Compliance Payments Company 195

American Banker

MAY 3, 2024

A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.

System 87

System Community Bank Community Technology 87

BankInovation

MAY 3, 2024

Tech giant Apple reported record revenue from its services businesses, which include payments and iCloud, and is going knee-deep in its generative AI foray. “We set an all-time revenue record in services with $23.9 billion, up 14% year over year,” Chief Executive Tim Cook said during the company’s second- earnings call May 2.

Payments 77

Payments Apple Report 77

American Banker

MAY 3, 2024

On both sides of the Atlantic, regulators have failed to live up to their promises about how they would approach bank failures. Until they do, the industry operates in legal limbo.

Regulation 85

Regulation Operations Industry FDIC 85

BankInovation

MAY 3, 2024

Block’s Cash App profit and number of users grew in the first quarter as the payments provider integrated buy now, pay later provider Afterpay.

Cards 74

Cards Payments 74

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Analysis

American Banker

MAY 3, 2024

Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.

Payments 83

Payments 83

The Paypers

MAY 3, 2024

STC Bahrain has expanded its contactless payment options for customers by integrating Samsung Wallet into its services.

Samsung 73

Samsung Payments 73

TheGuardian

MAY 3, 2024

CEO is making a surprise exit after successfully slimming down the global bank and winning over its tough chair HSBC’s chief executive, Noel Quinn, is seen by many as ending his five-year tenure on a high note. The 62-year-old stunned the banking world this week by saying he planned to retire after an “intense” five years in the role to get a better work-life balance.

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The Paypers

MAY 3, 2024

The Avalanche C-Chain network has integrated with payment firm Stripe , allowing verified Stripe users to buy Avalanche’s AVAX and send it to their wallets.

Payments 69

Payments 69

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Lending

American Banker

MAY 3, 2024

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.

Community Bank 69

Community Bank Community Regulation Management 69

The Paypers

MAY 3, 2024

Iress has partnered with Nomo Bank , the UK-based Sharia-compliant digital bank, in order to incorporate the latter’s mortgage products in its suite of solutions.

Digital Banking 41

Digital Banking 41

American Banker

MAY 3, 2024

In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.

Regulation 45

Regulation Company Community Bank Community 45

The Paypers

MAY 3, 2024

Global financial technology company Adyen has entered a collaboration with Decathlon Hong Kong to become the latter’s payment solution provider.

Financial Technology 36

Financial Technology Technology Payments Company 36

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Capital

American Banker

MAY 3, 2024

The Federal Reserve has proposed that the two payments services run seven days a week, meaning they'd no longer close on weekends or holidays. The public has 60 days to comment.

Operations 41

Operations Payments Compliance Regulation 41

The Paypers

MAY 3, 2024

dLocal , a cross-border payment platform, has partnered with Open English , an online English-learning platform operating across more than 30 countries globally.

Operations 36

Operations Online Payments 36

American Banker

MAY 3, 2024

Former Silicon Valley Bank exec Floyd Kessler joins Comerica as executive vice president and chief business control officer; Melissa Holding succeeds Michael Robinson as head of wealth management at Huntington; Goldman Sachs' Alexander Mayer is set to take on a senior position at JPMorgan Chase; and more in this week's banking news roundup.

Management 41

Management Risk Management Industry 41

The Paypers

MAY 3, 2024

ahlibank , a financial institution, has unveiled the launch of Samsung Pay , marking a significant stride in providing convenience and security to its clients.

Samsung 36

Samsung Security 36

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Operations

American Banker

MAY 3, 2024

The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.

Regional 36

Regional Management 36

The Paypers

MAY 3, 2024

SumUp has raised EUR 1.5 billion from private credit lenders in a round led by Goldman Sachs, to refinance existing debt and seize global growth opportunities.

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36

American Banker

MAY 3, 2024

In essence, it's a largely automated way to create so-called thematic indexes, which identify investments based on emerging trends, rather than on traditional industry sectors or company fundamentals.

Trends 36

Trends Industry Company 36

The Paypers

MAY 3, 2024

Brite Payments , a provider of instant bank payments, has teamed up with Shopware , an ecommerce platform in Europe, to introduce Open Banking-based instant payments to businesses across the continent.

Payments 36

Payments 36

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