Mon.Oct 14, 2024

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Putting the "Community" Into Community Banking

Jeff For Banks

Community banking has almost achieved Kleenex or Xerox fame, being generalized to the point of meaninglessness. PNC ($557 billion in total assets) calls itself a "Main Street Bank." Citadel Credit Union's website is CitadelBanking.com. One of my Navy division officers once told me, "Be careful pointing fingers, because the rest are pointing back at you.

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Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Accenture

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

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Worldpay taps Aeropay for gaming payments assist

Payments Dive

The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

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Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Accenture

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Apple 195
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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Barclays replaces Goldman Sachs as GM card issuer

Payments Dive

The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

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More Trending

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Shoppers to no longer pay fees when using debit cards under new Albanese government plan

TheGuardian

Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The federal government is preparing to ban debit card fees and instruct the consumer watchdog to investigate excessive card costs, as the unpopular system of transaction charges gets set for an overhaul.

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TD Bank agrees to pay USD 3 billion in money laundering settlement

The Paypers

Canada-based financial institution TD Bank has announced its agreement to pay over USD 3 billion, pleading guilty to criminal charges related to money laundering in the US.

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Will the CRA political football be kicked to the Supreme Court?

American Banker

Regulatory justice prevailed with a federal district court injunction staying the politically motivated CRA final rule, the most complicated and convoluted regulation ever. Depending on election results, it may end up in the Supreme Court.

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Safaricom extends its M-PESA Global service to Ethiopia

The Paypers

Safaricom has extended its M-PESA Global solution to Ethiopia in order to allow customers to make mobile money transactions from Kenya to Ethiopia.

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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.

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FINRA navigates 'AI washing' as firms roll out client-facing gen AI 

American Banker

As more companies tout gen AI offerings, regulators are closely watching to see if what they say matches what they do.

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Alternative Airlines adds crypto payments with Triple-A

The Paypers

Alternative Airlines , a flight search and booking platform, has announced its partnership with Triple-A , a licensed digital currency payment provider.

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Chase Amps Up Its Community Banking Push. Can Other Brands Compete?

The Financial Brand

This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand. Chase continues to push aggressive branching in its quest to blanket the country. The sheer scale of its ambitions could smother competitors. This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand.

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Commvault scales Google Cloud support

The Paypers

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has expanded its relationship with Google Cloud by launching Commvault Cloud Backup & Recovery for Google Workspace.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech

The Financial Brand

This article Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech appeared first on The Financial Brand. Letting technology flow in both directions can marry the best of banking and fintech. This article Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech appeared first on The Financial Brand.

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Mastercard scales its Identity Attribute Verification services

The Paypers

US-based Mastercard has announced the pilot launch of its Identity Attribute Verification service in several European countries to allow businesses to verify customer identity attributes more securely.

US 41
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3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking

The Financial Brand

This article 3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking appeared first on The Financial Brand. The banking triple threat: Digital prowess, instant payments and AI insights. Is your institution ready to lead the financial revolution? This article 3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking appeared first on The Financial Brand.

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Deutsche Bank launches dbX

The Paypers

Germany-based financial institution Deutsche Bank has announced the launch of dbX, intending to advance the capabilities of its integrated correspondent banking ecosystem.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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TOKEN secures authorisation from NBR and becomes a payment institution

The Paypers

Token Payment Services ( TOKEN ) has announced that it obtained its authorisation from the National Bank of Romania (NBR), allowing the company to accept online payment operations at physical POS.

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AFS Partners with Zand Bank to empower fintech innovation

The Paypers

AFS has announced its partnership with UAE’s Zand Bank in order to provide fintechs processing services and the latter’s BIN Sponsorship and banking facilities.

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G7 integrates Alipay+ with PayXpert

The Paypers

G7 has integrated Alipay+ in order to enable customers in France to make secure cross-border payments with their preferred wallet, in collaboration with PayXpert.

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Vodafone, together with CybSafe, launches cybersecurity platform

The Paypers

UK-based Vodafone , together with CybSafe , has announced the launch of its cybersecurity platform to support SMEs in augmenting their organisational human risk.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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iDenfy partners with GlolinkOTC to integrate KYC/AML solutions

The Paypers

iDenfy has announced its partnership with GlolinkOTC to assist in delivering an improved onboarding experience for users of its fiat-to-crypto exchange service.

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ClearBank onboards its first European clients to T2

The Paypers

Real-time clearing and embedded banking enabler ClearBank has announced that it has successfully onboarded its first European clients to the T2 payment rail.

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Revolut introduces eSIMs in New Zealand to prevent roaming charges

The Paypers

Revolut , a global financial app, has declared that it is now providing its customers in New Zealand with eSIMs and global data plans.

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Alchemy Pay adds Samsung Pay for virtual cards integration

The Paypers

Alchemy Pay , a cryptocurrency payment provider, has announced an update to its virtual card service, integrating Samsung Pay.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.