Wed.Sep 11, 2024

article thumbnail

Transactions: Amex, Knot launch card-on-file solution

BankInovation

American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted retailers. “Amex has integrated with Knot’s CardSwitcher technology, which allows eligible card members to quickly and securely provide their payment information to participating merchants directly through the Amex website,” Stephanie Schultz, vice president and head […] The post Transactions: Amex, Knot launch card-on-file solution appeared

Cards 66
article thumbnail

Global Payments CEO reshapes the business

Payments Dive

The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.

Payments 221
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Branch innovation, AI claim top spots in Bank Customer Experience Awards

ATM Marketplace

The BCX Awards honored SF Fire Credit Union, Talkdesk and Chongqing Rural Commercial Bank for innovation in banking.

article thumbnail

FIS draws fintech startups into accelerator

Payments Dive

Fidelity National Information Services this week continued an annual program backing young fintechs that are striving to disrupt the financial services landscape.

Fintech 195
article thumbnail

How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

article thumbnail

Across asset classes, the top-performing banks aren't those you expect

American Banker

When it comes to delivering superior return on average equity, smaller banks frequently punch above their weight, according to a recent study by Capital Performance Group and American Banker.

Study 78

More Trending

article thumbnail

Visa pushes 'pay by bank' in the UK; Klarna faces AML heat

American Banker

The card network is building a model for account-to-account payments, which are gaining popularity, while Swedish regulators criticize Klarna's money-laundering prevention efforts. That and more in American Banker's global payments roundup.

article thumbnail

CFPB fines TD Bank $28M

BankInovation

TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate information about its customers to consumer reporting companies. Consumer reports are used by financial institutions and other lenders to determine access to credit, housing or employment. By sharing inaccurate information regarding bankruptcies […] The post CFPB fines TD Bank $28M appeared first on Bank Automation News.

Report 68
article thumbnail

First Citizens Bank introduces instant payments via RTP network

The Paypers

First Citizens Bank has announced that its business and consumer banking customers can now instantly receive payments into their savings and checking accounts through the national RTP network.

article thumbnail

Webinar on future of open banking to feature Finavator’s Beyo

BankInovation

Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank Automation News webinar “The future of open banking: Payments meet data,” taking place on Tuesday, Sept. 17, at 11 a.m. ET. Register here for the webinar. The free, 45-minute webinar moderated by BAN Editor Whitney McDonald will see industry leaders […] The post Webinar on future of open banking to feature Finavator’s Beyo appeared first on Bank Automation News.

Meeting 66
article thumbnail

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.

article thumbnail

Liberis expands SME financing to 10 European countries via myPOS

The Paypers

Embedded finance platform Liberis has partnered with fintech myPOS to enable the latter to offer revenue-based financing for SMEs in 10 European countries, starting with the UK.

Fintech 67
article thumbnail

Activists to JPMorgan Chase, BofA, Citi: Stop lending to factory farms

American Banker

A coalition of 105 organizations has analyzed the flow of financing to large, greenhouse-gas-emitting livestock operations and found these three banks do the bulk of loans.

Lending 58
article thumbnail

Paymob extends Series B with an additional USD 22 million

The Paypers

MENA-based financial services enabler Paymob has extended its Series B funding round to USD 72 million, to maintain profitable growth in its core market.

article thumbnail

Connecticut private bank draws regulatory ire

American Banker

Fieldpoint Private Bank & Trust and its parent company entered a written agreement with state and federal supervisors pledging to address several compliance issues.

article thumbnail

Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

article thumbnail

Bold Commerce announces a collaboration with PayPal

The Paypers

Bold Commerce has announced a new collaboration with PayPal to integrate Fastlane by PayPal with Adobe Commerce (formerly Magento).

67
article thumbnail

Watchdog probe says Atlanta Fed president created 'appearance' of impropriety

American Banker

The Federal Reserve's inspector general says the reserve bank CEO did not trade on confidential information or have conflicts of interest, but did violate central bank rules and policies.

Atlanta 36
article thumbnail

Mondu teams up with Stripe to deliver BNPL payments to B2B merchants

The Paypers

Germany-based B2B BNPL payment provider Mondu has partnered with Stripe to equip B2B merchants and marketplaces with the ability to offer flexible invoice payments via Stripe.

article thumbnail

M&T is feeling 'really good' about CRE loans as rates start to fall

American Banker

The regional bank has already seen a large reduction in "criticized" loans, and it expects that trend to pick up as lower borrowing costs alleviate the pain in the commercial real estate sector.

article thumbnail

Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

article thumbnail

Enfuce partners with Mastercard to provide its E2 card to additional markets

The Paypers

Enfuce , a company specialising in issuer processing, has announced the expansion of its E2 card to the UK, France, and Germany, in partnership with Mastercard.

Cards 41
article thumbnail

Fed will cut rates, but question is how often and how much

American Banker

The latest inflation news is almost sure to result in a 25 basis point cut next week, but some are still hoping for 50 basis points, as well as reductions totaling almost 200 basis points through the end of 2025, Wolters Kluwer found.

article thumbnail

Reach and DisputeHelp partner to prevent fraud losses

The Paypers

Reach , a cross-border payment solution provider, has partnered with DisputeHelp to reduce chargebacks and minimise fraud losses for their partners.

Fraud 41
article thumbnail

Core U.S. inflation picks up, damping odds of outsize Fed cut

American Banker

Underlying U.S. inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.

article thumbnail

3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

article thumbnail

JST Digital receives in-principle approval from MAS

The Paypers

Crypto-native financial services company JST Digital has gotten in-principle approval for the Monetary Authority of Singapore (MAS) to provide DPT services in Singapore.

Company 36
article thumbnail

CFPB hits TD Bank with $28M in penalties for credit-reporting abuses

American Banker

The latest violations come as the bank expects to face more than $3 billion in regulatory fines for anti-money-laundering failures.

Report 41
article thumbnail

Wise Platform Joins AbbeyCross as new payment partner

The Paypers

AbbeyCross , a platform aimed at enhancing connectivity and access in global foreign exchange payments, has announced that Wise Platform is now part of the ABX Platform.

article thumbnail

'Show them death and they'll take despair': Banks not sold on Basel III redux

American Banker

Large banks welcomed regulators' proposed changes to last year's controversial reform package, but remain skeptical about the need for more capital.

Capital 36
article thumbnail

5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.