Tue.Jul 30, 2024

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Stripe buys software rival Lemon Squeezy

Payments Dive

The San Francisco payments giant bought the 4-year-old Salt Lake City startup as it continues its global expansion.

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3 reasons why retail ATMs aren't going anywhere

ATM Marketplace

Retail ATMs will still be a staple in the years to come for a variety of key reasons related to customer preferences, security and more.

ATM 117
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PayPal CEO leans on big-name clients for growth

Payments Dive

Alex Chriss, appointed to lead the digital payments business last year, noted the company is benefiting from ties to companies like Facebook parent Meta.

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Labor vows to force banks to compensate Australians tricked out of money by scammers

TheGuardian

Assistant treasurer Stephen Jones to tell National Press Club that digital platforms must also be pushed to take more preventative action The federal government is promising to change the law to force banks to compensate Australian customers who are tricked into transferring money to scammers, accusing them of doing too little to prevent people from being duped out of more than $2bn every year.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Fortify Your Future: Invest in Resiliency and Protect Your Data

Jack Henry

With today’s accountholders expecting you to have the necessary precautions in place to minimize downtime and protect their data, data resiliency and recovery solutions are critical to your short- and long-term success.

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First Guaranty lays off 15% of workforce, cuts dividend in half

American Banker

The Hammond, Louisiana, company, which announced changes to its business strategy, cut 71 jobs and reduced its dividend to 8 cents per share.

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PayPal focuses on omnichannel capabilities for long-term growth

BankInovation

PayPal is investing in its platforms and capabilities to keep up with consumer demand for digital payments. “Today, we operate in a massive, $6 trillion plus, global e-commerce market that benefits from the ongoing digitization of payments,” PayPal President and Chief Executive Alex Chriss said during today’s second-quarter earnings call.

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The Home Loan banks are fulfilling the mission Congress gave them

American Banker

Changes to the regulatory regime surrounding the Federal Home Loan banks should be carefully calibrated so as to do no damage to their successful support for housing and the provision of liquidity to members.

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Fintech Funding: Startup funding jumps 11% YoY

BankInovation

Fintech funding saw a rebound in the second quarter as global funding increased to $8.9 billion, up 11% year over year. The U.S. saw the most fintech funding during the quarter at $4.8 billion across 324 deals, followed by Europe with $1.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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PayPal's earnings show early results for strategic pivot

American Banker

The payment company's earnings beat analyst expectations, and new products are starting to bring in customers.

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Daniele Tonella named ING CTO

BankInovation

Daniele Tonella was named ING’s chief technology officer July 29, succeeding interim CTO Marnix van Stiphout. His appointment is effective Aug. 5. Tonella previously served at group chief information officer and chief executive of UniCredit Services and held roles at AXA Group, Evalueserve and Swiss Life, according to ING’s July 29 release.

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Surecomp partners with Visa

The Paypers

Digital trade finance solutions provider Surecomp has announced its partnership with Visa in order to optimise trade finance and cross-border payments.

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Bank of Valletta’s Wolska to speak at Bank Automation Summit Europe 2024

BankInovation

Bank of Valletta Project Manager of Portfolio Delivery Agata Wolska will speak at Bank Automation Summit Europe 2024 on the state of AI regulation. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss AI, regulation, automation and data.

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Airwallex offers direct debit through GoCardless

The Paypers

Global payments and financial platform Airwallex has selected GoCardless to provide direct debit to its customers across several markets.

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Indiana's German American to enter Ohio with Heartland deal

American Banker

The $330 million transaction announced late Monday would give the Jasper-based company a foothold in fast-growing Columbus, as well as in Cincinnati.

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Flipkart launches unified payment interface 'Flipkart Pay'

The Paypers

India-based ecommerce company Flipkart has merged all its payment and fintech offerings under a single vertical - ‘Flipkart Pay’ - to enable seamless payments for customers.

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FedNow might be the answer to check fraud

American Banker

Instances of check fraud have ballooned in recent years, plaguing banks, and don't seem to be slowing down. Probably the best thing regulators can do to combat that fraud is to develop an equally inexpensive alternative that is more secure, and FedNow might be that service.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Cartona secures USD 8.1 million in Series A extension fundraise

The Paypers

Egypt-based B2B platform digitalising the region’s traditional trade market Cartona has secured USD 8.1 million in a Series A extension funding round.

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4 Strategies for Banks and Their Tech Partners that Save Money and Angst

The Financial Brand

This article 4 Strategies for Banks and Their Tech Partners that Save Money and Angst appeared first on The Financial Brand. The first step requires conducting an internal tech inventory. Financial institutions often find there's still value in existing tech assets. This article 4 Strategies for Banks and Their Tech Partners that Save Money and Angst appeared first on The Financial Brand.

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Surfboard Payments partners with Cardstream Group

The Paypers

Surfboard Payments has announced its partnership with UK-based Cardstream Group in order to provide customers with secure and innovative payment solutions.

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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

Cleaning out some (paper!) files recently, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind.** Naturally, we were excited about it, naming it the biggest innovation of the year.

Atlanta 29
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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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An Post and Safecypher partner to combat CNP fraud

The Paypers

UK-based fraud prevention startup Safecypher has partnered with Irish post office An Post to drive down Card-Not-Present (CNP) payment fraud.

Fraud 41
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As election nears, should investors reconsider Fannie Mae?

American Banker

Election speculation about policy change at Fannie Mae has boosted its stock slightly this year. It's also profitable, but there's much more to consider.

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Veratad partners with IDVerse for fraud prevention capabilities

The Paypers

Veratad Technologies , a provider of identity verification solutions has selected IDVerse as their top technology supplier for fraud prevention services.

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Standard Chartered plays down fears of US-China trade war under Trump

TheGuardian

Chief executive says tensions ‘not impacting’ business as bank reports pre-tax profits of $1.6bn for second quarter Business live – latest updates Fears of a China trade war erupting under a second Trump presidential term are overblown, according to bosses at Standard Chartered bank, as they suggested that the country’s real estate woes were “largely in the rearview mirror”.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.