Payments Dive

DECEMBER 15, 2023

Sen. Roger Marshall acknowledged the Credit Card Competition Act bill may not get a vote this year, but he intends to keep pushing for passage in 2024.

Cards 434

Cards 434

TheGuardian

DECEMBER 15, 2023

Independent review, launched after Nigel Farage’s complaints, finds bank may have breached procedural rules An independent review has found no evidence that NatWest Group’s private bank Coutts has been closing customer accounts due to their political views, but found it may have breached rules by failing to give due notice or explain why they were being shut.

Report 111

Report Groups 111

Payments Dive

DECEMBER 15, 2023

Serial entrepreneur and tech executive Simon Khalaf is known for his boundless enthusiasm and energy. Now, the Marqeta CEO is tasked with taking the card issuing fintech to the next level amid increased competition and an uncertain economic climate.

Fintech 312

Fintech Cards 312

ATM Marketplace

DECEMBER 15, 2023

Cybersecurity needs to be at the top of the agenda for every industry. This is especially the case for the financial institutions which are always in the cross hairs of cyber criminals and fraudsters.

Cyber Security 97

Cyber Security Security Industry 97

Advertisement

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Groups

Payments Dive

DECEMBER 15, 2023

The card network giant said it plans to purchase a controlling interest in Prosa, with banks retaining a minority stake, subject to regulatory approvals.

Payments 307

Payments Cards 307

Payments Dive

DECEMBER 15, 2023

The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

Fraud 259

Fraud Tools System Payments 259

CFPB Monitor

DECEMBER 15, 2023

On December 13, 2023, the Congressional Research Service issued a report titled How the Credit Card Competition Act of 2023 Could Affect Consumers, Merchants, and Banks highlighting potential issues for Congress. As we previously blogged , Senator Dick Durbin and Representative Lance Gooden introduced “The Credit Card Competition Act of 2023” (a/k/a Durbin 2.0) to regulate interchange fees on credit cards by requiring certain credit card issuers with over $100 billion in assets to enable at lea

Report 78

Report Industry Cards Regulation 78

ATM Marketplace

DECEMBER 15, 2023

Cybersecurity needs to be at the top of the agenda for every industry. This is especially the case for the financial institutions, which are always in the cross hairs of cyber criminals and fraudsters.

Industry 85

Industry 85

BankInovation

DECEMBER 15, 2023

Wealthtech giant Envestnet is reportedly exploring the sale of its data aggregation subsidiary Yodlee as it aims to refocus strategic operations. A potential sale, first reported on Dec. 13 by Bloomberg News, could generate between $300 million and $400 million for Envestnet, according to a JPMorgan report published Dec. 14.

Data 79

Data Operations Report Management 79

Advertisement

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

Community Bank

Commercial Lending USA

DECEMBER 15, 2023

Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!

Lending 76

Lending Resources 76

BankInovation

DECEMBER 15, 2023

Meriwest Credit Union’s AI-driven chatbot, Scout, powered by Kasisto’s KAI digital assistant platform, launched in February and accomplished the work of two, full-time, call center employees within its first two weeks.

Digital Banking 72

Digital Banking 72

American Banker

DECEMBER 15, 2023

Across the industry, the pace of branch shutdowns slowed this year. Still, large financial institutions continued to trim their physical footprints, with two super-regional banks taking the most aggressive actions.

Regional 74

Regional Industry Groups Management 74

The Paypers

DECEMBER 15, 2023

Israel-based fraud cybersecurity startup Zero Networks has raised USD 20 million in Series B funding to prevent attackers from spreading in corporate networks.

Security 74

Security Fraud 74

Advertisement

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

Lending

American Banker

DECEMBER 15, 2023

The Connecticut bank agreed to pay $350 million to acquire Ametros Financial, a custodian and administrator of medical funds from insurance claim settlements. Some analysts see the deal as a signal that Webster does not plan to sell its health savings account business, which has been the subject of recent speculation.

Connecticut 74

Connecticut 74

The Paypers

DECEMBER 15, 2023

The Paypers has launched the fifth edition of the Cross-Border Payments and Ecommerce Repor t , offering a comprehensive analysis of the current landscape and developing trends.

Report 69

Report Analysis Payments Trends 69

American Banker

DECEMBER 15, 2023

The roundup of top banking tech news for 2023: Ally Bank's path into the world of generative artificial intelligence, JPMorgan Chase's fallout from its deal with the college financial-planning website, banks across the U.S. increasingly fell victim to cyber attacks and more.

Industry 74

Industry Technology Fintech 74

The Paypers

DECEMBER 15, 2023

British Business Bank has launched an asset-based lending version of the Recovery Loan Scheme to make it easier for businesses to access finance.

Lending 69

Lending 69

Advertisement

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

Analysis

American Banker

DECEMBER 15, 2023

New York Gov. Kathy Hochul signs a law banning medical debt on credit reports; PayPal's former CEO Dan Schulman will exit the board; community banks boost small-business loan approvals; and more in the weekly banking news roundup.

New York 69

New York Community Bank Community Report 69

The Paypers

DECEMBER 15, 2023

Qatar-based Lesha Bank has migrated to Temenos ’ core banking platform in order to optimise its overall wealth management and investment banking products.

Management 48

Management 48

American Banker

DECEMBER 15, 2023

A near-final framework released this week would increase capital requirements for England's largest banks by 3.2%, far less than the uptick proposed for U.S. and European banks.

Capital 58

Capital Policies Compliance Regulation 58

The Paypers

DECEMBER 15, 2023

Beyond ONE has announced the launch of FRiENDi Pay, a digital mobile wallet solution developed to optimise cross-border payments for FRiENDi mobile subscribers in Saudi Arabia.

Mobile 41

Mobile Payments 41

Advertisement

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.

Lending

American Banker

DECEMBER 15, 2023

Sens. Sherrod Brown, D-Ohio, and John Kennedy, R-La., have reintroduced their ILC bill that would subject companies that hold an ILC charter to similar oversight as traditional banks, while measures to cap interest rates and ban 'trigger leads' have also been introduced.

Ohio 54

Ohio Company Policies Compliance 54

The Paypers

DECEMBER 15, 2023

SAP has expanded its integration with PayPal by creating a digital payments plug-in for the PayPal Braintree platform built on SAP Business Technology Platform (SAP BTP).

Payments 41

Payments Technology 41

American Banker

DECEMBER 15, 2023

While medical debt is not a problem created by the financial services industry, the industry has a critical role to play in addressing it.

Industry 56

Industry Compliance Regulation 56

The Paypers

DECEMBER 15, 2023

Private equity firm Bain Capital has sold a USD 448 million stake in India-based private sector financial institution Axis Bank in a block trade.

Capital 45

Capital 45

Advertisement

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Course