Payments Dive

JUNE 5, 2024

The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.

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Fraud Payments 195

South State Correspondent

JUNE 5, 2024

The average return on equity (ROE) for the banking industry declined to 11.10% in Q1/24 (a 23 percent decline in the last year). For banks under $10B in assets, ROE declined to 10.53% in Q1/24 (an 11% decline in the last year). The typical published analysis considers the industry in aggregate which conflates the challenges and opportunities at community banks (those under $10B in assets).

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Payments Dive

JUNE 5, 2024

The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

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BankInovation

JUNE 5, 2024

AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience. The generative AI efforts for KYC have both an operational and client benefit, Marnix van Stiphout, chief operating officer and chief technology officer ad interim at 976 billion euros ($1.

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Operations Data Technology 119

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American Banker

JUNE 5, 2024

The Kansas financial institution is using Copper Financial's Guided Investing product that matches members to predesigned portfolios that suit their risk profile.

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Kansas Tools Management Technology 83

American Banker

JUNE 5, 2024

For a country that relies on the energy and drive of immigrants to the extent that the U.S. does, it's surprisingly hard for them to get bank accounts. It's time to reassess what we mean by money-laundering risks.

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Compliance Risk Management Management Regulation 78

TheGuardian

JUNE 5, 2024

A 25 percentage point cut to main lending rate is forecast amid growth in Germany, Italy and Spain Business activity grew across the eurozone at the fastest rate in a year in May while inflation cooled, according to data that will be welcomed by the European Central Bank (ECB) in advance of expected interest rate cuts tomorrow. The latest HCOB purchasing managers’ index (PMI) data, compiled by S&P Global, showed private sector output expanded in most economies covered by the euro currency af

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American Banker

JUNE 5, 2024

A month after Gunjan Kedia was named the company's president, the Minneapolis firm has promoted Stephen Philipson and Felicia La Forgia into new roles that will cover Kedia's former duties.

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Minneapolis Company Industry Management 74

ABA Community Banking

JUNE 5, 2024

A House subcommittee budgeted $276.6 million for the Community Development Financial Institutions Fund in its draft fiscal year 2025 appropriations bill, according to the CDFI Coalition. The post House subcommittee budgets $276 million for CDFI Fund in draft appropriations nill appeared first on ABA Banking Journal.

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American Banker

JUNE 5, 2024

The e-commerce firm will no longer accept Amex credit cards globally beginning in August, citing the card network's higher-than-average cost of acceptance.

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Cards Payments 77

The Paypers

JUNE 5, 2024

Ripple has announced a new partnership with Clear Junction , a global provider of cross-border payment solutions for regulated institutions.

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American Banker

JUNE 5, 2024

ELGA Credit Union said it plans to acquire Marine Bank & Trust in an all-cash deal. The combination marks the 12th of the year involving a credit union buying a bank, keeping the industry on pace to establish a new record for such deals.

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Michigan Florida Industry Community Bank 53

The Paypers

JUNE 5, 2024

UK-based TrueLayer has entered a strategic collaboration with emerchantpay to provide payments by bank transfer for merchants across the region and Europe.

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American Banker

JUNE 5, 2024

Mastercard launches palm checkout in Uruguay, the U.K. commits to a gradual rollout of King Charles banknotes starting this week, and more.

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Payments 64

The Paypers

JUNE 5, 2024

Finland-based card issuing and processing company Enfuce has entered a collaboration with allpay to integrate cloud-based card payment solutions across the UK’s public sector.

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Cards Payments Company 41

American Banker

JUNE 5, 2024

Fifty-seven percent of financial services firms now operate on a hybrid basis, according to new research from American Banker. Some banks are finding ways to maximize the positive aspects and minimize the negative ones.

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How To Operations Industry Management 57

The Paypers

JUNE 5, 2024

Equals Money , a provider of payment solutions, announced the expansion of its product line to include Banking-as-a-Service (BaaS) at the Money2020 conference in Amsterdam.

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Conference Payments 41

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The Emmerich Group

JUNE 5, 2024

I believe quality loan growth is one of the top three drivers of sustainable profitability for banks. What if you could restructure your lending department and increase the productivity per lender by 30 to 40% or more within 12 months. Now if you’re the kind of leader who thinks your team kicks butt and takes names at securing quality loans at extreme premium pricing, and you’re sure it’s because of your teams execution of a particular and predictable success system, not driven by t

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Video Community Bank System Lending 36

The Paypers

JUNE 5, 2024

International Payment Identity (iPiD) has secured USD 5.3 million in a Pre-Series A funding round to augment global payments with advances Verification of Payee solutions.

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Security Payments 41

American Banker

JUNE 5, 2024

The Consumer Financial Protection Bureau issued a final rule pursuant to its broader open banking proposal Wednesday that would require standard-setting bodies to include public interest consumer groups and others to receive bureau recognition.

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Groups Policies Data Compliance 28

The Paypers

JUNE 5, 2024

Global full-cycle verification platform Sumsub has announced that it entered the Mastercard Engage Partner Program to mitigate fraudulent activities.

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The Financial Brand

JUNE 5, 2024

This article How Much Do Online Reviews Matter to Banking Decisions? A Whole Lot. appeared first on The Financial Brand. Almost 90% of banking consumers say they consult user-generated online reviews to make their banking decisions. This article How Much Do Online Reviews Matter to Banking Decisions? A Whole Lot. appeared first on The Financial Brand.

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Online Branding Customer Experience Mobile 35

The Paypers

JUNE 5, 2024

US-based fraud detection provider Sift has announced the launch of RiskWatch, a patent-pending product that aims to simplify risk decisioning for digital businesses.

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Fraud US 41

The Financial Brand

JUNE 5, 2024

This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand. The bureau's 'interpretive rule' used a regulatory fast pass to get on the books ahead of the election cycle. Will it work? This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand.

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Regulation Branding Financial Technology Technology 24

The Paypers

JUNE 5, 2024

Global modern card issuing platform Marqet a has announced the expansion of its European footprint with the opening of a new office in the region of Poland.

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Regional Cards 41

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