Fri.Aug 23, 2024

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Surcharging doesn’t have to be a bad word

Payments Dive

“The time has come to rethink surcharging not as a necessary evil but as a strategic advantage that can benefit both businesses and customers,” writes a Billtrust executive.

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Optimize Your Fraud Prevention Using a Layered Strategy

Jack Henry

Did you know that data from the Federal Trade Commission shows consumers reported losing nearly $9 billion to fraud in 2022, up 30% over the previous year?

Fraud 122
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Fed’s Waller eggs on payments research

Payments Dive

Federal Reserve Governor Christopher Waller encouraged attendees at a summer research workshop to keep exploring payments systems, and innovations to overcome frictions in financial markets.

Payments 243
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What Should I Look for in Commercial Loan Lenders?

Commercial Lending USA

The U.S. commercial real estate market has changed a lot. According to new data from the National Association of Realtors®, lending standards have become 38% stricter since 2017. This makes it harder and harder to get commercial loans, and the total transaction volume will reach $800 billion in 2022, which is 28% less than the previous year.

Lending 109
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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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The Attendee Advantage of Jack Henry™ Connect 2024

Jack Henry

You may assume those outside your technology or innovation departments – especially those in marketing – don’t have a ton to gain from attending Jack Henry Connect.

More Trending

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How banks are boosting the eco-friendly cards movement

American Banker

Bank of America , Citigroup, HSBC and others are increasingly using sustainable and recycled materials for manufacturing

America 83
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CFPB funding under new scrutiny

BankInovation

The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. The Supreme Court upheld the CFPB’s funding mechanism in May. In several recent lawsuits, companies sued by the CFPB for violations argue that the bureau is using funds it should not have.

Company 77
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Former Synapse CEO raises $11 million for his new robotics startup

American Banker

The banking-as-a-service company is still going through bankruptcy proceedings and millions in customer funds remain missing, but founder Sankaet Pathak has already made a fresh start and won venture capital support.

Capital 73
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Chase Customer Insights tool expanding for businesses

BankInovation

JPMorgan Chase will expand the accessibility of its data-driven business intelligence platform, Chase Customer Insights, to meet the demands of business clients.

Tools 77
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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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'Oversight issues' at NY's Home Loan bank; new tool IDs 'CDFI deserts'

American Banker

The Federal Home Loan Bank of New York paid its departing director of diversity and inclusion $561,600 after an external review found "oversight issues" that led to a shake-up of the bank's human resources department; CDFI Friendly America launches an online mapping system to spotlight growth opportunities nationwide; global law firm A&O Shearman expands its U.S. debt finance team; and more in this week's banking news roundup.

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CFPB probes emerging AI-based tech

BankInovation

The Consumer Financial Protection Bureau has once again made it clear that new AI- and machine learning-based technologies are held to the same consumer protection regulations as established technologies.

Lending 72
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MUFG increases investment in Indian digital financial services firm

The Paypers

Mitsubishi UFJ Financial Group has announced an additional investment of JPY 49.0 billion in DMI Finance Private Limited.

Groups 67
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Scotiabank's cautious U.S. expansion: A departure from Canadian peers

American Banker

The third-largest Canadian bank's proposed minority stake in KeyCorp is an unconventional way to generate more U.S. revenue. Analysts say it's a less risky approach than buying an American bank outright.

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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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NCBA Group to launch digital banking in Ghana by 2025

The Paypers

Kenya-based bank NCBA Group has postponed its launch of digital banking services in Ghana to 2025.

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Fed's Powell: 'The time has come for policy to adjust'

American Banker

In his speech at the Federal Reserve's Jackson Hole Economic Symposium, the Fed chair said employment losses are now a bigger risk than elevated inflation.

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India to link UPI with Malaysia's PayNet for global reach

The Paypers

India has announced it will integrate its Unified Payments Interface ( UPI ) with Malaysia's PayNet.

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NPD mega-breach a sobering reminder of vulnerability of identity data

American Banker

Social Security numbers are a dime a dozen on the black market, so cybercriminals are going after bigger and more sophisticated databases.

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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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Surety Bank partners with Apiture

The Paypers

Florida-based Surety Bank has announced its partnership with Apiture in order to leverage its digital banking platform and power online and mobile banking solutions.

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How Charlie Financial is protecting seniors from payment fraud

American Banker

Most financial institutions are seeking ways to speed up payments, but one neobank is looking to slow them down to protect a segment of the population frequently targeted by scams.

Fraud 48
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Transact365 secures Canadian licence

The Paypers

UK-based global payments platform Transact365 has secured a new Canadian FINTRAC MSB license, accelerating its expansion process and growing its suite of solutions.

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Silicon Valley de novo poised to fill gap left by failed banks

American Banker

The planned Altos Bank in Los Altos cleared a big hurdle this week when state regulators approved its application to open a startup bank. Organizers are hoping for a soft opening before year-end.

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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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US Bank acquires Salucro to boost healthcare payment solutions

The Paypers

US Bank has acquired Salucro Healthcare Solutions to strengthen its healthcare payment services and will integrate the company into its Elavon unit.

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Powell's signal on rate cuts gives respite to CRE-heavy banks

American Banker

The stock prices of banks that have large exposure to commercial real estate loans surged after comments from Federal Reserve Chair Jerome Powell. His remarks could be a sign that relief is coming on both sides of those banks' balance sheets.

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SEBI issues new cybersecurity framework

The Paypers

India-based regulator for the Securities and Exchange Board of India (SEBI) has announced the release of a new cybersecurity framework for all regulated entities.

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Senate Banking Committee facing uncertain future

American Banker

Committee Chair Sherrod Brown is facing a tough election.

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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.