Payments Dive

SEPTEMBER 16, 2024

Explore trends reshaping the landscape of payments and how businesses can stay ahead with modern solutions.

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Trends Payments 243

South State Correspondent

SEPTEMBER 16, 2024

In Q2/24 the average return on assets (ROA) for community banks (under $10B in assets) was 1.08%, with an average ROE of 10.44%. But within the community banking sector, performance varied among banks significantly. We analyze the drivers of ROA for the community bank segment last quarter and consider what financial variables explain bank performance.

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Payments Dive

SEPTEMBER 16, 2024

The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.

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Cards Company Lending 243

TheGuardian

SEPTEMBER 16, 2024

I changed my business to sole trader status. The next thing I knew, my firm had been deemed ‘dissolved’ and my money given to the state Please help me track down my £37,700. In November 2023, ill health forced me to wind up my limited company and revert the business to sole-trader. My bank, Lloyds, duly changed my business account and sent a new debit card.

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Cards Online Company Payments 111

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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.

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Payments Dive

SEPTEMBER 16, 2024

The major card networks enabled systems that allow international travelers in China to use their cards to pay for Beijing rail transit as of last week.

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Cards Payments System 243

BankBazaar

SEPTEMBER 16, 2024

From avoiding impulsive borrowing or donating to charity, take a look at five money moves that can keep you happy this festive season. The festive season is in full swing and you must be visiting friends, family and relatives, buying and giving gifts, splurging on shopping due to the discounts and offers available. Among all this, your pocket must be feeling the pinch too due to the festive season.

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BankInovation

SEPTEMBER 16, 2024

Ally Financial faces two class action lawsuits in the wake of a data breach earlier this year. Plaintiff Sebastian Owens, among others in the class action suit, according to court documents filed in the District Court of Western District of North Carolina on Sept. 7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News.

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North Carolina Data Detroit America 79

American Banker

SEPTEMBER 16, 2024

EverBank Financial in Florida said the deal would give it $900 million of loans and $2 billion of deposits. Should the deal close in early 2025 as planned, it would culminate a long saga for Sterling.

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Michigan Florida Community Bank Industry 85

BankInovation

SEPTEMBER 16, 2024

Truist Financial is seeing increased mobile banking adoption among its customers as it prioritizes personalized experiences. “You hear people talk ‘digital first,’ [but] I would actually argue it’s ‘mobile first,’” Sherry Graziano, head of digital, client experience, and marketing at Truist, told Bank Automation News. “Three-quarters of our clients are engaging in mobile as their […] The post 75% of Truist customers’ primary access is mobile app appeared first on Bank Automation News.

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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

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The Paypers

SEPTEMBER 16, 2024

Global digital payments provider Club L London has partnered with Checkout.com in order to accelerate international expansion on the Shopify platform.

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Payments 80

American Banker

SEPTEMBER 16, 2024

The company, a pioneer in AI-based lending, says improvements to its models and long-term commitments from the banks it works with will bring about positive returns in the third and fourth quarters.

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Lending Company Technology Fintech 77

TheGuardian

SEPTEMBER 16, 2024

Alison Rose appointed as diversity and inclusion adviser at leading firm Mishcon de Reya Alison Rose, the former chief executive of NatWest, has taken a job as an adviser to one of the UK’s top law firms as she tries to return to the City after a career-damaging row with Nigel Farage last year. Rose is joining Mishcon de Reya as a diversity and inclusion adviser, a role that will involve mentoring some of the firm’s partners.

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Groups 68

American Banker

SEPTEMBER 16, 2024

Tim Ryan, who joined the megabank in June, will work with COO Anand Selva to oversee enhancements to Citigroup's data integrity systems, according to a memo.

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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.

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The Paypers

SEPTEMBER 16, 2024

US-based commerce platform fabric has expanded its partnership with AWS to change the way retailers operate, accelerate innovation, and make decisions with the help of AI.

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Retail Innovation US Operations 67

American Banker

SEPTEMBER 16, 2024

Artificial intelligence is going to be integrated into the financial system. So, banks need to be clear-eyed about its potential dangers, and proactive about avoiding them.

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System Cyber Security Compliance Security 77

The Paypers

SEPTEMBER 16, 2024

Galileo Financial Technologies has launched GIVE and the Transaction Risk GScore providing fintechs, banks, and businesses with solutions to combat fraud.

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Fraud Financial Technology Fintech Technology 68

ABA Community Banking

SEPTEMBER 16, 2024

ABA raised several concerns about proposed changes to a Treasury Department program that invests in CDFIs and minority depository institutions so they can increase financial support to communities hard hit by the COVID-19 pandemic. The post ABA: Proposed changes to financial aid program could harm CDFI, MDI participation appeared first on ABA Banking Journal.

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Community Community Bank Policies 52

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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.

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The Paypers

SEPTEMBER 16, 2024

Ireland-based regtech Fenergo has been selected by Germany’s state bank Landesbank Baden-Württemberg (LBBW) to provide cloud-based onboarding.

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ABA Community Banking

SEPTEMBER 16, 2024

‘Bankers can bring a passion for economic mobility and really meet people where they are in their journey.’ The post A banking career dedicated to making a difference appeared first on ABA Banking Journal.

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Meeting Mobile Resources Community Bank 52

The Paypers

SEPTEMBER 16, 2024

Revolut , a financial app, has announced the integration of Bizum , digital payment platform in Spain, for peer-to-peer transactions.

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Payments 64

American Banker

SEPTEMBER 16, 2024

Independence Bank of Kentucky said 14 customers had reported receiving the bills, which included text such as "for motion picture purposes.

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Kentucky ATM Report Technology 68

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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.

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The Paypers

SEPTEMBER 16, 2024

The DSF has announced its support for the formation of the MiCA Crypto Alliance, an industry group that includes Hedera , Ripple , and the Aptos Foundation as founding members.

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Groups Industry 41

American Banker

SEPTEMBER 16, 2024

St. Mary's Bank in New Hampshire tries to serve members as it has for 116 years, while dealing with today's cybersecurity and fraud concerns.

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New Hampshire Fraud Cyber Security Digital Banking 50

The Paypers

SEPTEMBER 16, 2024

Moldova’s Victoriabank has partnered with Salt Edge to comply with national law transposing the European PSD2, enhancing Open Banking services and financial innovation.

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Compliance National Innovation 41

American Banker

SEPTEMBER 16, 2024

Federal Reserve Vice Chair for Supervision Michael Barr conceded major points to the industry on last year's capital reform proposal. But how regulators will approach other reforms in light of that experience is uncertain.

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Regulation Capital Industry Policies 45

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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.

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