Mon.Jun 03, 2024

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Cash App exec hints at Square integration

Payments Dive

Block is working to make its peer-to-peer payments tool, Cash App, a consumer app for interacting with merchants using its Square point-of-sale software.

Software 414
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Book festival activists are making absurd demands over Baillie Gifford | Nils Pratley

TheGuardian

Insistence on investment purity misses the point and will only lead to a decline in arts sponsorship In a ranking of climate villains in the fund management industry, Baillie Gifford would surely come a long way down most people’s list. The Edinburgh-based firm preaches long-termism and its specialism is backing technology companies, especially those with kit to accelerate the transition to cleaner energy and transport.

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5 ways unified commerce transforms the retail experience

Payments Dive

Customers have multiple ways to access your products and brand, but do those experiences work together for their benefit—and yours?

Retail 360
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NB Bancorp added to ABA NASDAQ Community Bank Index

ABA Community Banking

ABA added NB Bancorp, headquartered in Needham, Massachusetts, to the ABA NASDAQ Community Bank Index, or ABAQ. The post NB Bancorp added to ABA NASDAQ Community Bank Index appeared first on ABA Banking Journal.

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Back to Basics with Reconciliations

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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Consumers, businesses diverge in payment trends

Payments Dive

Consumer payments are becoming more embedded, and commercial payments are slowly moving away from checks, says a top payments executive at Accenture.

Trends 195

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New Study Highlights Tech Trends and Top Priorities for Banks in 2024 and 2025

BankInovation

The highly anticipated 2024 Jack Henry™ Strategy Benchmark results are in! Jack Henry’s sixth annual study uncovers key insights and valuable takeaways from bank and credit union CEOs to help you capitalize on market shifts and new opportunities, refine your strategic plan, and compete successfully in 2024 and 2025.

Study 79
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CFPB finalizes new registry to track 'corporate repeat offenders'

American Banker

The Consumer Financial Protection Bureau Monday completed its rule establishing a nationwide database for a wide swath of financial companies — including payments companies, debt collectors, auto lenders — that have faced regulatory or legal penalties for consumer-related infractions.

Company 87
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U.S. Bank reaps returns on $8B tech investment

BankInovation

U.S. Bank is realizing gains from the $8 billion it has invested in technology since 2019 as it remains focused on developing its payments technology.

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Plummeting bonuses led to decline in bank CEO pay last year

American Banker

Total direct compensation for the CEOs of large and midsize banks declined by 6.6% in 2023, and annual bonus payouts tumbled by 30%. The decreases came as banks grappled with the fallout from last spring's banking crisis.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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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Visa, Thunes launch survey on cross-border payment interoperability

The Paypers

Singapore-based Thunes , in collaboration with Visa , has launched a survey which highlights conflicted opinions among Europe-based companies on cross-border payment interoperability.

Survey 68
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Where's the stolen card? Generative AI can find it, says Mastercard.

American Banker

The technology is adept at working with partial account numbers and other shreds of data to alert banks of ongoing and potential crime, the network contends.

Cards 87
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Trust Wallet partners with Mercuryo

The Paypers

Self-custody Web3 wallet Trust Wallet has unveiled a partnership with global payments infrastructure provider Mercuryo.

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Zelle fraud, CFPB funding question: Top tech news May 2024

American Banker

In this month's roundup of top tech news: A firsthand look at the impact of Zelle fraud, the Supreme Court upholds the Consumer Financial Protection Bureau's funding, Walmart's split from Capital One and more.

Fraud 78
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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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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Commercial Loans Demystified: Everything You Need to Know

Commercial Lending USA

Business progress depends on commercial loans.

Tools 98
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The turf war between banks and blockchain innovators serves nobody

American Banker

Traditional financial institutions have much to gain from collaboration with digital asset natives — and vice versa. It's time to realize that potential.

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Ticketmaster admits hack of database

The Paypers

US-based ticket sales and distribution company Ticketmaster has confirmed that its global database was hacked, which could expose customers’ personal information.

US 45
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Bank stocks among those that plunged 99% due to NYSE glitch

American Banker

Trading halts caused by an error affected 40 stocks Monday morning, including BMO Bank and Banco Santander-Chile.

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It Takes Two to Tango

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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GSIS launches Digital ID

The Paypers

The Philippines Government Service Insurance System (GSIS) has launched the GSIS Digital ID to augment identity authentication, security, and efficiency for registered users.

System 41
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California digital bank reaches $1 billion deposit mark in six months

American Banker

Though Jenius Bank hasn't reached breakeven, it's evidencing solid progress gathering deposits and making loans as it gets ready to celebrate its first birthday.

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Central Bank of UAE issues new Open Finance regulation

The Paypers

Central Bank of UAE (CBUAE) has issued the Open Finance Regulation, set to establish a comprehensive framework to regulate licensing, supervision, and operation of Open Finance.

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Supreme Court, siding with the NRA, wades into the de-banking debate

American Banker

The National Rifle Association bagged a key victory in a case against a former top New York state official. The high court's ruling could make it harder for regulators to discourage financial institutions from doing business with specific industries.

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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.

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Ant Group and Mastercard launch Shanghai travel payment program

The Paypers

Ant Group , Mastercard , and 12 overseas payment partners of Alipay+ and other card organizations, have initiated the International Consumer Friendly Zones program in Shanghai.

Groups 36
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American Banker news quiz: June 3

American Banker

In this edition of the American Banker news quiz, test yourself on topics such as Visa and Mastercard's shift away from relying on interchange, the Federal Reserve's efforts for balance sheet reduction, which financial services sector consumers trust the most and more.

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Western Union partners with Plaid to improve European payments

The Paypers

US-based multinational financial services corporation Western Union has partnered with financial services company Plaid.

US 41
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Is the latest crypto bill an opening for banks to bypass regulation?

American Banker

A bill to draw crypto's jurisdictional lines between the Securities and Exchange Commission and the Commodity Futures Trading Commission is pitting increasingly crypto-friendly Democrats against consumer protection hawks in the Senate.

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Confronting the Change Challenge

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.