Tue.Oct 08, 2024

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Healthcare’s paper check disease

Payments Dive

“The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.

Software 195
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Durbin jumps into Illinois interchange law fray

Payments Dive

Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

Illinois 243
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Jack Henry Connect Conference Day 2 Recap | Jack Henry

Jack Henry

Day 2 of Jack Henry™ Connect is Off to a Rousing Start! Last night’s Carnival Kickoff was a huge hit, offering a perfect blend of fun and networking. From the bumper cars to the rock-climbing wall to carnival games, attendees got a chance to relax and connect after a full day of learning. While the fun and games were fan favorites, the food and drinks were just as memorable.

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Watch Now: FinovateFall 2024 Video Interview Series

William Mills

Our CEO, William Mills, attended this year’s FinovateFall in New York City, where he interviewed top fintech and financial services innovators to explore the latest technological advancements in the industry. Watch the full interview series below.

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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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20 credit unions with largest portfolios of home equity loans

American Banker

The top five credit unions have combined real estate loans and lines of credit of more than $217 million as of June 30.

More Trending

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US Basel impasse casts doubt on international capital accord

American Banker

Europe's top finance ministers are questioning the U.S.'s commitment to the global capital standards. The mistrust could have consequences for international regulatory efforts.

Capital 83
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Chargebacks911: 2024 report highlights surge in friendly fraud

The Paypers

Chargebacks911's 2024 Field Report has revealed a significant rise in friendly fraud and CNP disputes, urging retailers to adopt advanced strategies to combat losses.

Fraud 69
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MoneyGram loses ground after breach

American Banker

The money transfer service and the U.K.'s Post Office were on the verge of an extension. Then the hack came. This and updates from Worldpay, Mastercard and JCB in our global payments roundup.

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FTX obtains court approval for its bankruptcy plan

The Paypers

Cryptocurrency exchange FTX has secured court approval to repay customers up to USD 16.5 billion in recovered assets since its collapse.

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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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Google's court loss also challenges payment rivals

American Banker

A court said the technology giant must be less restrictive at checkout. The move will likely lower transaction fees, but it still won't be easy for competitors to grab market share.

Google 59
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ESET reveals top cyber threats of 2024 thus far

The Paypers

Slovakia-based cybersecurity company ESET has published its Threat Report for the first half of 2024, offering insights into the global cyber threat landscape.

Report 53
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Grasshopper Bank to acquire AAA Club savings bank

American Banker

The all-digital Grasshopper will vault from $835 million of assets to $1.4 billion and gain a potential audience of 13 million Auto Club Group customers in 14 states.

Groups 41
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Paysafe joins the MyBank ecosystem

The Paypers

Payment platform Paysafe has announced its partnership with MyBank in order to add the latter as a top-up option to their digital wallets Skrill and NETELLER.

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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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How Banks Balance Fraud Prevention and Customer Experience

The Financial Brand

This article How Banks Balance Fraud Prevention and Customer Experience appeared first on The Financial Brand. Emerging technology like AI may provide the bridge between balancing fraud prevention and customer experience. This article How Banks Balance Fraud Prevention and Customer Experience appeared first on The Financial Brand.

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Fabrick teams up with TerraPay to optimise cross-border payments in Europe

The Paypers

Fabrick , a Europe-based provider of Open Finance, has partnered with TerraPay to allow businesses to access a unified platform to simplify cross-border payments across the region.

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Wells Fargo names new head of government banking

American Banker

Elena Gallo will replace Mara Holley, who is retiring.

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Plaid partners with MoneyLion for cash flow underwriting

The Paypers

Plaid has announced its partnership with MoneyLion in order to introduce Layer and Consumer Report and provide lenders with access to cash flow underwriting insights.

Report 41
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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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FDIC extends comment period on brokered deposits proposal

American Banker

Banks now have until Nov. 21 to provide feedback on the FDIC's proposed rule on brokered deposits that could lead to higher costs for some insured depositories.

FDIC 36
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Business leaders provide insights on cybersecurity optimisation

The Paypers

The PwC has announced the launch of its Digital Trust Insights Report 2025, which captures the views of business and tech leaders on the optimisation of cybersecurity.

Report 41
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Sterling sale an unlikely success for CEO Tom O'Brien

American Banker

The veteran turnaround executive was hired in 2020 to salvage the troubled banking company after the Justice Department launched a far-reaching probe of its mortgage lending practices. It agreed to sell to Florida-based EverBank.

Florida 36
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CoreFirst Bank & Trust opts for NCR Atleos's solutions to expand financial access

The Paypers

US-based CoreFirst Bank & Trust has selected NCR Atleos ’ Allpoint Network to expand customers’ access to daily banking transactions.

US 36
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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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It’s Time to Re-Invent Customer Journey Mapping for Today’s Banking Customers

The Financial Brand

This article It’s Time to Re-Invent Customer Journey Mapping for Today’s Banking Customers appeared first on The Financial Brand. Customer journeys are increasing complex, scattered across a tangle of channels and platforms. To make sense of it all, you need to pivot from mapping "how?" to asking "why?". This article It’s Time to Re-Invent Customer Journey Mapping for Today’s Banking Customers appeared first on The Financial Brand.

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United Arab Emirates exempts crypto transactions from VAT

The Paypers

United Arab Emirates officials announced that cryptocurrency transactions will be exempt from value-added tax (VAT), effective 15 November 2024.

Taxes 36
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The Great Escape festival no longer sponsored by Barclays, after criticism of Israel links

TheGuardian

Website for festival no longer names Barclays as a partner, following activist campaign against its sponsorship earlier this year The Great Escape festival, which showcases hundreds of up and coming musicians each year in Brighton, no longer has Barclays as a sponsor, following criticism of the bank’s ties with Israeli companies. The activist group Bands Boycott Barclays wrote on social media: “Boycotts work!

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Magnetiq Bank's solution to support fintechs in complying with regulations

The Paypers

Latvia-based financial institution Magnetiq Bank has announced its plans to support fintechs in fully complying with 2025 ECB regulations by providing safeguarding accounts solutions.

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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.