Wed.Aug 28, 2024

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Shoppers’ online fraud fears escalate

Payments Dive

Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.

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Nationwide to Talk Personalization, Data, and AI at Dreamforce 2024

Perficient

Next-level personalization strategies will undoubtedly be a key topic at Salesforce’s largest event this year. Dreamforce is right around the corner taking place in San Francisco on September 17 to 19, and learning how to get the most out of your customer data with AI-powered tools is top of mind. Whether you’re attending in person or virtually, the conference boasts numerous opportunities to hear how some of the world’s largest brands are using data and AI to create personalized journeys and pr

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Managing Time Deposits – How To Use “Specials” And Odd-Month CDs

South State Correspondent

Something might be getting lost in the tribal knowledge of managing time deposits. Certificate of deposit (CD) “specials” and the odd-month CD offering are good examples. As the legacy knowledge of deposit gathering is passed down from generation to generation of banker, some of the finer points of liability structuring are getting diluted with some knowledge just plain forgotten about.

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MoneyGram, Adyen add chief technology officers

Payments Dive

The payments companies are bolstering their tech leadership as big changes roil the industry and stoke competition.

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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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Best Credit Unions to Work For with more than $1B of assets in 2024

American Banker

Here are some highlights about the largest credit unions that made the 2024 ranking of the Best Credit Unions to Work For.

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More Trending

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20 banks and thrifts with the largest portfolios of total securities

American Banker

The top five have more than $2.6 trillion in combined securities as of March 31, 2024.

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8 Questions to Ask Before Taking a Commercial Land Loan

Commercial Lending USA

A commercial land loan is an extensive financial choice that needs to be well thought out to be successful. Commercial Lending USA is the name you can trust regarding business land loans.

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What Hsu's 'unprecedented' tenure at OCC says about banking policy

American Banker

Appointed by Janet Yellen in 2021, Michael Hsu has served as acting Comptroller of the Currency longer than any predecessor. That arrangement is lawful and born out of political pragmatism, but some observers say it's a shortcut around Senate confirmation.

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Nigeria is making efforts to combat online extortion scams

The Paypers

EFCC, Nigeria's anti-corruption agency, has announced it is ready to work with international law enforcement to combat online extortion scams.

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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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Are your hiring processes keeping good potential bankers away?

American Banker

Bringing in new talent is an essential part of building a business that endures. So, why are so many managers content to tolerate a hiring process that drives talented individuals away?

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FedNow nears onboarding of 1,000 financial institutions

BankInovation

ATLANTA — Instant payments rail FedNow is nearing the addition of its 1,000th financial institution, and the Federal Reserve credits the growing adoption to its network of fintechs that enable the integration. The Fed launched FedNow in July 2023 with 35 financial institutions.

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How up-and-coming payment leaders are embracing AI

American Banker

The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.

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A summary measure for UK households’ resilience

BankUnderground

Vania Esady and Stephen Burgess A summary measure for UK households’ resilience High levels of household debt have been shown to amplify recessions. For example, in the global financial crisis (GFC), UK households with more debt tended to cut back their spending disproportionately , amplifying aggregate demand effects and potentially making the recession worse.

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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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Best Credit Unions to Work For with $500M to $1B of assets in 2024

American Banker

Here are the honorees that fall into the midsize category for this year's Best Credit Unions to Work For.

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Your Data is Your Data

Realwired Appraisal Management Blog

Realwired doesn’t mine/sell/contractually-confiscate ANY customer’s data. Period. We do, however, enable our YouConnect customers to use their data for reporting and analysis. Realwired provides a new offering for our YouConnect clients.

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Klarna predicts AI's toll on jobs, India's payment rail boosts Walmart

American Banker

The Swedish financial institution reports generative artificial intelligence will enable the company to lower headcount, while a digital payment rail is improving the financial performance at Walmart's PhonePe unit.

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Transactions: BNY, CBA join for cross-border near real-time payments

BankInovation

BNY has joined forces with Commonwealth Bank of Australian to provide its customers with near real-time payments for cross-border transactions. By working with CBA, BNY customers can make and receive payments in about 60 seconds, an Aug. 22 BNY release stated.

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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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Ally Bank launches live financial wellness workshops to the public

American Banker

Ally Bank is hosting a new series of virtual workshops where it hopes people will speak frankly about their emotions tied to money.

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BR-DGE, Vibe partner to optimise travel payments

The Paypers

Payment orchestration provider BR-DGE has entered into a partnership with Vibe , a B2B travel tech platform, to allow the latter to provide increased payment connectivity and choice.

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Fed sets final capital requirements for large banks

American Banker

The Federal Reserve finalized its capital requirements for large banks Wednesday based on June's stress test outcomes.

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PayJunction launches Text to Pay for SMS payments

The Paypers

PayJunction adds Text to Pay to its No-Node Payments Integration, Virtual Terminal, and API, allowing invoices to be paid via SMS messages.

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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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Best Credit Unions to Work For with $200M to $500M of assets in 2024

American Banker

Here is a look at the honorees from the 20 credit unions that made this year's Best Credit Unions to Work For ranking in this asset category.

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Galileo partners with Mastercard

The Paypers

Galileo has announced its partnership with Mastercard in order to optimise the B2B expense management offering with the latter’s Smart Data product.

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Best Credit Unions to Work For with less than $200M of assets in 2024

American Banker

Read more about the honorees from the smallest asset class of this year's Best Credit Unions to Work For ranking.

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Synctera partners Marqeta to introduce Fleet Cards

The Paypers

Synctera has partnered with Marqeta to offer a new fleet card solution aimed at helping companies develop and launch their own fleet card and banking products.

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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.