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 77
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

Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

article thumbnail

KeyBank to hold off on FedNow until DDA reach hits 5%

BankInovation

NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow until the payments rail shows some growth. The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDA’s allow deposited funds to be withdrawn at any time, Jon Briggs, head of […] The post KeyBank to hold off on FedNow until DDA reach hits 5% appeared first on Bank Automation News.

More Trending

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 79
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 79
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

5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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

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

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

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 68
article thumbnail

The Role of Automation in Commercial Lending

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.

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

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

Finding value in AI: Lessons for banks from industry leaders

American Banker

As banks deploy AI to cut costs, some face pressure to define long-term value, Finovate speakers said this week.

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

10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

article thumbnail

Warren Buffett's Bank of America stock sales slow after price declines

American Banker

Berkshire Hathaway began selling BofA shares in July and has whittled its stake down to just above 11%.

America 41
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

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

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

Outsource With Confidence for RDC Program Success

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.

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

UAE-based FlapKap raises USD 34 mln pre-series A

The Paypers

UAE-based fintech FlapKap has secured USD 34 million in pre-series A to optimise its tech infrastructure and expand across the GCC.

Fintech 41
article thumbnail

Fraud rate declines yet costs consumers more

American Banker

Banks and consumers report fraud at higher rates than they did before the pandemic, and those cases have continued getting costlier.

Fraud 36
article thumbnail

Does Your Marketing Target Gen Z?

Image Works Direct

In a previous blog post , we explored marketing to Gen Z and covered their broad marketing expectations.

article thumbnail

Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.