Payments Dive
OCTOBER 23, 2023
“Big gaps in the law” are leaving the financially vulnerable open to harms from digital payments, one law professor argues in a recent Georgetown Journal on Poverty Law & Policy paper.
South State Correspondent
OCTOBER 23, 2023
Good commercial lenders use commitment letters and proposal letters to their advantage. A proposal letter (or letter of intent) expresses interest from the lender before credit approval is obtained. A commitment letter evidences the lender’s commitment to lend. It is only furnished after preliminary credit approval and typically contains the following language: lender commits to provide the loan on, and subject to, the terms and satisfaction of conditions set forth herein.
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Payments Dive
OCTOBER 23, 2023
In the interest of faster, cheaper and more transparent cross-border payments, the Bank of International Settlements last week produced an interim report aimed at developing a governance structure for an interlinked faster payments system.
CFPB Monitor
OCTOBER 23, 2023
On October 19, 2023, the Consumer Financial Protection Board (“CFPB”) released a proposed rule that, if enacted, would grant consumers greater access rights to the data their financial institutions hold. Under the proposed Personal Financial Data Rights Rule (the “Proposed Rule”), bank customers nationwide would have privacy rights similar to what is afforded under the dozen state privacy laws that have been enacted in recent years. .
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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.
Payments Dive
OCTOBER 23, 2023
That’s the maximum amount of money the card network estimates may yet result from claims brought against it years ago by merchants who argue they were overcharged for card transaction processing.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
OCTOBER 23, 2023
When crafting strategies that can both create this future-forward perspective while capturing sales today, it’s important to consider modernizing the virtual payment structure.
American Banker
OCTOBER 23, 2023
Banks already share consumers' transaction data with fintechs, mostly through data aggregators, and often grudgingly through screen scraping. The proposed 1033 regulation could give more control to consumers, better data access to fintechs and a competitive edge to big banks over smaller ones, some observers say.
Payments Dive
OCTOBER 23, 2023
“Increasingly, government agencies — and the people they serve — need a payments system that is connected across departments and jurisdictions,” writes one payments executive.
American Banker
OCTOBER 23, 2023
The Alabama bank reported that check fraud resulted in operational losses of $135 million between April and September, including $53 million last quarter. The entire banking industry has been beset by higher levels of check fraud since the start of the COVID-19 pandemic.
Advertiser: ZoomInfo
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.
Payments Dive
OCTOBER 23, 2023
For retailers, the flurry of first-time shopper activity can also look like fraud.
American Banker
OCTOBER 23, 2023
Brazil's PIX network has sparked a venture-capital boom in an otherwise down economy, including interest from U.S. investors.
TheGuardian
OCTOBER 23, 2023
It was due to be transferred but never went through. So where’s the money now? I have had a complaint with NatWest since May, after it lost £10,000 of my dad’s money. He transferred the cash out of his Isa and into an old NatWest Isa of my own. The transfer didn’t go through, but the money wasn’t returned to his account, either. Continue reading.
BankInovation
OCTOBER 23, 2023
Mastercard is exploring generative AI uses with a specific focus on operational efficiency and coding assistance. Purchase, N.Y.
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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.
American Banker
OCTOBER 23, 2023
The Federal Reserve Board and state regulators signed off on the $1 billion deal, paving the way for a late 2023 closing. The approvals were significant given that other large combinations have run into trouble.
BankBazaar
OCTOBER 23, 2023
*Trigger warning for shopaholics* Dear readers, gather ’round, and let me take you on a journey through the aisles of online shopping, where the siren call of “Add to Cart” beckons even the most frugal souls. Yes, we’re diving into the realm of impulse buying and I promise you, it’s eerily irresistible. The Allure of Online Shopping Picture this: You’re in your pyjamas, nestled in the cosy cocoon of your favourite blanket, a steaming cup of cocoa in hand
American Banker
OCTOBER 23, 2023
The top five banks and thrifts have combined total deposits of nearly $7.5 trillion.
BankInovation
OCTOBER 23, 2023
Michigan State University Federal Credit Union’s consumer-facing chatbot is answering member live-chat questions at a pace equal to that of more than 50 employees. “We’ve been on this (AI) journey for a little while,” MSUFCU Chief Executive April Clobes said at the Jack Henry Connect event in Indianapolis last week.
Advertiser: ZoomInfo
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.
American Banker
OCTOBER 23, 2023
The Dallas company, which is in the midst of a four-year business overhaul, is facing a margin squeeze in the coming quarters. But even as analysts express skepticism, company executives aren't budging from the profitability goals they set two years ago.
The Paypers
OCTOBER 23, 2023
US-based blockchain security startup Blockaid has secured USD 33 million in Series A funding to scale its technology aimed at stopping malicious transactions.
American Banker
OCTOBER 23, 2023
Three years removed from the Black Lives Matter protests, banks have not fulfilled their promises to help close the racial wealth gap.
The Paypers
OCTOBER 23, 2023
UK-based B2B Buy Now, Pay Later (BNPL) solution provider Hokodo has partnered with US-based B2B payments platform Balance.
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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.
American Banker
OCTOBER 23, 2023
Avi Perry, who led the Justice Department's probe into JPMorgan Chase's commodities activities that resulted in a $920 million settlement in 2020, is joining Quinn Emanual Urquhard & Sullivan as co-chair of the firm's securities litigation practice.
The Paypers
OCTOBER 23, 2023
US-based company Jumio has announced the launch of its new AI-driven fraud prevention technology, in order to identify fraud patterns more accurately.
American Banker
OCTOBER 23, 2023
Months after acquiring credit card program management startup Power, Marqeta has introduced a service to embed credit offers within brand marketers' websites and applications.
The Paypers
OCTOBER 23, 2023
Mexico-based Plata has partnered with authentication solutions provider Entersekt to increase the security of its credit card with 3-D Secure payment authentication.
Advertiser: ZoomInfo
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.
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