Payments Dive

JUNE 25, 2024

The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority CEO Tom Priore predicted.

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Cards 396

Perficient

JUNE 25, 2024

On June 6, Acting Comptroller of the Currency, Michael J. Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, providing critical regulatory insights on AI. Hsu discussed the systemic risk implications of AI in banking and finance using a “tool or weapon” approach. He noted that while both tools and weapons pose threats to financial stability, they do so in different ways, necessitating distinct analyses.

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Case Study Risk Management Analysis Innovation 221

Payments Dive

JUNE 25, 2024

On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

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Cards 444

South State Correspondent

JUNE 25, 2024

In a previous article [ here ] we discussed why community banks need product managers to ensure that financial products and services are effectively developed, launched, and managed to meet customers’ evolving needs and the bank’s risk and profitability goals. In this article, we provide a concrete example of how product management in lending might work.

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Lending Management Community Bank Community 195

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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.

Operations

BankInovation

JUNE 25, 2024

Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast. According to auto lender and Pagaya partner Ally Financial, POS financing is expected to reach a value of more than $81 billion by 2030.

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Lending Retail Technology Payments 121

BankInovation

JUNE 25, 2024

Nvidia is spearheading the AI industry’s growth with its latest data centers focused on developing and deploying models for the financial services industry.

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Data Industry Marketing 88

American Banker

JUNE 25, 2024

Ransomware group LockBit threatened on Sunday to publish the stolen data Tuesday evening. Ransomware experts said it was likely that the group was bluffing.

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Data Groups Cyber Security Security 91

TheGuardian

JUNE 25, 2024

Other lenders likely to follow suit as analysts say cuts of up to 0.31 percentage points could fuel ‘summer of savings’ Business live – latest updates HSBC and Barclays are cutting rates on their fixed mortgage deals in what some brokers claim could be the start of a “summer of savings” for homebuyers and those looking to remortgage. Barclays has reduced rates by more than 0.25 percentage points in some cases from Tuesday, and its cuts led to a quick response from HSBC, which said it would be cu

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American Banker

JUNE 25, 2024

Investors are keeping a close eye on recent banking news, including Mastercard's latest plan for crypto, Comerica's proposed settlement of a class action, employment gains and skeptical shareholders.

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Fraud Payments 87

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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.

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The Paypers

JUNE 25, 2024

1KIN Labs has unveiled GR1D, a new Layer-2 blockchain designed to unify decentralized gaming ecosystems.

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blockchain 68

American Banker

JUNE 25, 2024

The two financial institutions are testing a combination of machine learning and blockchain to catch errors and block fraud on international transactions.

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Tools blockchain Fraud Payments 85

Jack Henry

JUNE 25, 2024

The future of Enterprise Content Management (ECM) is upon us. In order to get the most out of the new technology and processes, you must take your legacy data and reinvent it. You won’t need any plutonium, a flux capacitor or Doc Brown to correct the data of the past. Here are some things you can do now to explore your past data and blaze into the future with your ECM data archives.

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Data US Management Technology 60

American Banker

JUNE 25, 2024

The head of data and digital at Ally Bank came up with protective measures governing the use of generative AI and organized "AI Days" for employees to learn about Ally's progress.

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Data Technology 83

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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

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The Paypers

JUNE 25, 2024

Bank payment company GoCardless has entered a collaboration with Celigo , an integration and automation platform, to advance its development via indirect channels.

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Payments Company 41

American Banker

JUNE 25, 2024

The bankruptcy of fintech middleware provider Synapse has left thousands of customers unable to access their savings, with seemingly no one empowered to put it back in their hands. Regulators and lawmakers need to do something about it, but first they need to talk about it.

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Regulation Fintech Policies Compliance 74

The Paypers

JUNE 25, 2024

PagBrasil , a fintech company processing payments in Brazil for ecommerce businesses globally, has announced the launch of two new Pix instant payment solutions.

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Fintech Payments Company 41

American Banker

JUNE 25, 2024

By adopting more inclusive lending practices and actively seeking to support minority-owned businesses, banks can help bridge the financing gap that often stifles the growth of these businesses.

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Lending 74

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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.

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The Paypers

JUNE 25, 2024

UK-based payments company myPOS has announced the launch of Tap to Pay on iPhone for merchants and businesses in the region of Germany.

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Regional Payments Company 41

American Banker

JUNE 25, 2024

The Consumer Financial Protection Bureau extended the deadline for lenders with the highest volume of small-business loans to July 18, 2025, and will not assess penalties for reporting errors for a year.

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Compliance Lending Report Regulation 45

The Paypers

JUNE 25, 2024

Digital risk intelligence company Trustfull has launched Silent Onboarding, a product aimed to defend against synthetic identity fraud.

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Fraud Company 41

American Banker

JUNE 25, 2024

Four large banks were dinged in their resolution plan reviews for shortcomings in their plans to unwind their derivatives positions in times of stress. But whether the problem is with the banks' plans or the regulators' expectations for a legally ambiguous product is a matter of debate.

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Regulation FDIC Compliance 41

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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.

Analysis

The Paypers

JUNE 25, 2024

The European payment solution Wero has announced its partnership with Computop in order to deliver cross-border payment methods to its customers and merchants.

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Payments 41

American Banker

JUNE 25, 2024

The Federal Reserve Board of Governors issued a cease and desist order against Indiana-based United Fidelity Bank over concerns that the bank was deficient in its board oversight policies.

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Indiana Community Bank Community Policies 36

The Paypers

JUNE 25, 2024

Pyypl , a consumer fintech company in the Middle East and Africa region, has announced its partnership with Visa and its Principal Licence Membership.

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Regional Fintech Company 41

American Banker

JUNE 25, 2024

A federal judge in Brooklyn formally rejected a $30 billion settlement between Visa, Mastercard and retailers to cap credit-card swipe fees after telegraphing earlier this month that such a setback in the two-decade long litigation could be expected.

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Retail Cards 36

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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.

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