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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Commercial Loans Demystified: Everything You Need to Know

Commercial Lending USA

Business progress depends on commercial loans.

Tools 98
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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.

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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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Supreme Court rulings, FDIC workplace culture probe: Top banking news for May 2024

American Banker

In this month's roundup of top banking news: a Supreme Court ruling on CFPB funding, TD Bank's money laundering woes, an FDIC workplace probe reveals a culture of misconduct and more.

FDIC 90
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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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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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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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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.

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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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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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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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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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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.

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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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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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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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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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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.

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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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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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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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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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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.

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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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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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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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Viva.com and BLIK partner to expand European payment solutions

The Paypers

Viva.com has integrated Poland-based mobile payment platform BLIK to boost merchant support and user convenience.

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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.