The Financial Brand
OCTOBER 31, 2024
This article The DOJ-Visa Suit: Does it Mean the End of Free Checking? appeared first on The Financial Brand. Could the U.S. Department of Justice‘s antitrust lawsuit against Visa end to no-fee checking? Or could it actually create greater opportunity in payments for banks? Here’s a closer look. This article The DOJ-Visa Suit: Does it Mean the End of Free Checking?
Payments Dive
OCTOBER 31, 2024
Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
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Perficient
OCTOBER 31, 2024
The Federal Deposit Insurance Corporation (“FDIC”) recently announced that it is providing financial institutions additional time to get new process and systems in place by extending the compliance date for the new FDIC signage and advertising rule (Part 328, subpart A) from January 1, 2025, to May 1, 2025. The final rule established a new black and navy-blue FDIC official digital sign shown below.
Gonzobanker
OCTOBER 31, 2024
Vendor management is risky business. Smart leaders use performance scorecards to keep the board informed. The FDIC issued a consent order against Discover Bank last year for lacking oversight into third-party risk management and a compliance vendor management program. The time is past for all financial institution leaders to heed this message, take a hard look at their vendors and highlight concerns to their boards of directors.
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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.
American Banker
OCTOBER 31, 2024
This month's roundup includes items on TD Bank Group's asset cap and $3 billion in money-laundering fines, the Consumer Financial Protection Bureau's final rule on open banking and more.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
OCTOBER 31, 2024
Core PCE held steady as service costs rose, but the overall report maintains the central bank's flexibility ahead of next week's Federal Open Market Committee meeting.
ATM Marketplace
OCTOBER 31, 2024
Leverage the latest ATM technology and business trends with help from KAL, ATM Marketplace and insights from special guest industry experts. In this webinar, our panel group will share valuable viewpoints on key themes from our 2024/5 ATM Software Trends report (the ATM industry’s #1 annual research project).
American Banker
OCTOBER 31, 2024
American Banker and Best Companies Group are gearing up for their annual ranking of fintech companies that keep their employees happy.
The Paypers
OCTOBER 31, 2024
Crypto.com has announced its collaboration with Beyon Money to explore ways to integrate and optimise capabilities in transaction and payments scape for clients in Bahrain.
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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
American Banker
OCTOBER 31, 2024
Sen. Elizabeth Warren, D-Mass. said in a letter that the U.S. Department of Justice intentionally avoided threatening TD Bank's charter to operate. She also pressed the agency to prosecute bank executives.
The Paypers
OCTOBER 31, 2024
Global payments acceptance solutions company Ingenico has announced that it secured EMVCo approval for the Book C8 contactless kernel on the AXIUM DX8000 payment terminal.
American Banker
OCTOBER 31, 2024
Republic First Bank allegedly discriminated against minority borrowers before it went under in April. New Jersey officials want both the acquirer of its remains, Fulton Bank, and the FDIC to assume some responsibility.
TheGuardian
OCTOBER 31, 2024
Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis Lloyds Banking Group could give almost £1bn less to shareholders this year as a result of the car finance crisis, analysts have said, as the City regulator’s former boss blamed the watchdog for the chaos. The estimated size of a multibillion-pound compensation bill for motor lenders has grown after a shock court of appeal ruling last Friday , which said customers could not consent
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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.
Bussman Advisory
OCTOBER 31, 2024
This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post OpenAI Challenges Google with ChatGPT Search | UK Regulator Fines Wise CEO | Amazon Cloud Hits Decade-High Profit Margin appeared first on Bussmann Advisory AG.
The Paypers
OCTOBER 31, 2024
AU10TIX , a provider of identity verification and management technology, has launched its Q3 2024 Global Identity Fraud Report at the Money 20/20 US event.
American Banker
OCTOBER 31, 2024
The payment processing company saw increases in payment network and value-added services revenue as consumer spending remained healthy.
The Paypers
OCTOBER 31, 2024
Standard Chartered and Ant International have recently conducted the first-ever Hong Kong dollar (HKD)-denominated blockchain transaction.
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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.
American Banker
OCTOBER 31, 2024
The regulatory scrutiny involves online savings accounts that allegedly deceived consumers into believing they were receiving high rates.
TheGuardian
OCTOBER 31, 2024
Brexit’s cost | University funding | ‘Return of tax and spend’ headline | Bankers’ bonuses | Cross Clarkson | Penny off a pint Buried in the OBR report on the budget is the statement “weak growth in imports and exports over the medium term partly reflect the continuing impact of Brexit, which we expect to reduce the overall trade intensity of the UK economy by 15 per cent in the long term”.
American Banker
OCTOBER 31, 2024
This month's roundup features news about the rising concerns of Zelle fraud, JPMorgan Chase's AI arms race with Capital One and more.
The Paypers
OCTOBER 31, 2024
The European Payments Council (EPC) has released its Verification of Payee (VOP) Application Programming Interface (API) specifications.
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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.
American Banker
OCTOBER 31, 2024
Banks are not likely to see their regulatory capital requirements decline any time soon. But the way capital levels are calculated could be made more reflective of real risks.
The Paypers
OCTOBER 31, 2024
AI-enabled global payment network Klarna has extended its collaboration with Worldpay to allow new merchants to provide its services to their customers.
American Banker
OCTOBER 31, 2024
As firms rush to roll out viable use cases, developing an effective internal governance structure is key, companies said at Money 20/20.
The Paypers
OCTOBER 31, 2024
Trulioo , a provider of identity verification services, has announced the launch of its instant results capability, with the solution supporting enterprise organisations to increase their verification speed.
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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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