Payments Dive

JULY 26, 2023

“It’s not a great customer experience,” Visa CEO Ryan McInerney said of merchant surcharges, while speaking on an earnings webcast Tuesday.

Customer Experience 368

Customer Experience 368

South State Correspondent

JULY 26, 2023

The bigger risk to community banks’ business model is not a moderate recession induced by aggressive interest rate increases by the Federal Reserve. Instead, the more painful scenario for the banking industry is the following: no recession, short-term interest rates holding steady in anticipation of inflation reaching target rates, and a prolonged inverted yield curve.

Community Bank 195

Community Bank Community Strategy Atlanta 195

Payments Dive

JULY 26, 2023

Mastercard teamed with Billtrust to begin offering the new tool, which will automate the process of sending and accepting virtual cards for business-to-business payments.

Tools 195

Tools Cards Payments 195

Commercial Lending USA

JULY 26, 2023

Starting a new business is exhilarating. That requires dedication, vision, and, most importantly, enough financial support. But securing funding for a startup with no revenue can be a significant challenge. Traditional lenders often rely on revenue history to assess creditworthiness. Leaving many entrepreneurs feeling stuck. But fear not! In this comprehensive guide.

Security 98

Security Lending 98

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Payments Dive

JULY 26, 2023

In an expansion of a prior tie, software colossus Microsoft will increase the ways customers can use PayPal tools to purchase goods and services.

Software 195

Software Tools 195

BankBazaar

JULY 26, 2023

BankBazaar posted a 51% YOY increase in revenue in Q1-FY24, driven by its portfolio of co-branded Credit Cards and P ersonal L oans , closing FY23 with audited revenue of ₹159 crore (66% revenue growth from FY22). Read on for more. BankBazaar.com , India’s largest fintech co-branded credit card platform and online platform for free credit score, posted a 51% YOY increase in revenue in Q1-FY24, driven by its portfolio of co-branded Credit Cards and Personal Loans.

Branding 78

Branding Cards Fintech US 78

CFPB Monitor

JULY 26, 2023

45 amicus briefs have been filed with the U.S. Supreme Court in support of the petitioners in Loper Bright Enterprises, et al. v. Raimondo. The petitioners are urging the Court to overrule its 1984 decision in Chevron, U.S.A., Inc. v. Nat. Res. Def. Council, Inc. That decision produced what became known as the “ Chevron framework”–the two-step analysis that courts typically invoke when reviewing a federal agency’s interpretation of a statute. .

Analysis 78

Analysis 78

TheGuardian

JULY 26, 2023

Prime minister to give evidence to inquiry into scandal of infected blood given to patients between 1970 and 1991 Q: What is your view on the government’s decision to put a barge for asylum seekers in Portland? It could deter tourists from visiting the town. Will you stop this, as they did in London? Starmer says he understands the concerns raised by the caller.

Portland 89

Portland Groups Industry 89

American Banker

JULY 26, 2023

American Banker is proud to recognize, in its third annual Most Influential Women in Payments, Next, the women under 40 who have demonstrated expertise, leadership skills and an ability to adapt in an ever-changing payments industry.

Leadership 69

Leadership Payments Industry 69

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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TheGuardian

JULY 26, 2023

Live coverage of business, economics and financial markets as UK bank replaces leader following late night board meeting This is why bank shares have dragged down the FTSE 100 in early trades this morning: a slump in profits at the UK’s biggest high street bank. Profits for Lloyds Banking Group tumbled 29% in the three months to June, as it prepared for an increase in customers falling behind on costly loan and mortgage payments because of rising interest rates.

Groups 80

Groups Meeting Marketing Payments 80

American Banker

JULY 26, 2023

As we recognize National Disability Independence Day, it is a moral and ethical obligation to ensure that financial institutions remove barriers that hinder the financial independence of individuals with disabilities.

Fintech 69

Fintech National 69

TheGuardian

JULY 26, 2023

Why have Tories and an embattled PM fought this so fiercely? Because the ex-Ukip leader embodies leave, and they fear him So the Mediterranean is on fire, the Ukraine war not going well, the health service on its knees and the economy still at risk of recession. Pretty obviously, therefore, the most pressing question facing Britain today is whether Nigel Farage can keep an account with one of this country’s poshest banks – which is making profits at the high end of a sector that has looked the o

Groups 76

Groups 76

American Banker

JULY 26, 2023

The regional bank said metropolitan economies across its central and western U.S. footprint are resilient, and new loan opportunities are abundant. Trepidation among competitors, too, is creating openings for the Oklahoma bank, its CEO says in an interview.

Oklahoma 69

Oklahoma Regional Marketing 69

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

TheGuardian

JULY 26, 2023

Private bank offers exclusive services to its wealthy clients, who include Emma Watson and Stormzy NatWest boss resigns over Nigel Farage Coutts accounts row Coutts isn’t just any old bank, its chief executive, Peter Flavel, has been keen to tell anyone who asks. If you’re rich enough to have an account – customers need to hold at least £3m in savings or borrow or invest at least £1m – the bank promises to provide not just a dedicated bank manager but also a concierge, or “lifestyle manager” , t

Management 75

Management Groups 75

American Banker

JULY 26, 2023

CEO Ryan McInerney touted the growth of Visa Direct and unveiled a fraud-scoring service called RTP Prevent, which is powered by artificial intelligence, while discussing the card network's earnings for its fiscal third quarter.

Fraud 69

Fraud Payments Cards 69

TheGuardian

JULY 26, 2023

This is a rich person’s row. But as a debt adviser, I’ve seen clients’ lives upended when they are denied access to basic accounts Despite all the recent front-page attention given to Nigel Farage and today’s development – the resignation of NatWest chief executive Alison Rose – there is something else you should know: banks have been quietly closing accounts without giving their customers any reasonable explanation for decades.

US 75

US Groups 75

American Banker

JULY 26, 2023

Travelers in China can now add Visa and Mastercard to WeChat Pay and Alipay, providing a boost for the country's tourism industry as it tries to recover from the pandemic. Additionally, British regulators may delay plans to tighten the rules for by now/pay later lenders, partly based on concerns that some of the largest lenders may depart the market.

Regulation 69

Regulation Industry Marketing Compliance 69

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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TheGuardian

JULY 26, 2023

Concerns raised over anonymous briefings that triggered early-hours resignation of Dame Alison Rose Timeline: how the downfall of Rose over Farage and Coutts unfolded Profile: Alison Rose, the NatWest CEO who quit The prime minister and the chancellor have been accused of “damaging UK plc” and failing to follow due process amid concern over anonymous briefings that triggered the early-hours resignation of NatWest boss Dame Alison Rose.

Regulation 75

Regulation Groups 75

American Banker

JULY 26, 2023

Stock markets have shot up as investors grow hopeful that the United States will avoid a recession. But nearly 3 in 4 community bankers are less optimistic that the Fed will achieve its mission of reducing inflation without causing a downturn, a survey from IntraFi found.

Community 68

Community United States Survey Marketing 68

TheGuardian

JULY 26, 2023

The former Brexit party leader was done a disservice, but the frenzy of Tory outrage is mostly a symptom of political cowardice Not everyone can afford to bank at Coutts, an exclusive bank, nor is everyone entitled to an account there. But Nigel Farage is not just anyone. He is arguably the most influential British politician of his generation. It is questionable whether Mr Farage’s role has been to the benefit of public life, but if not, the detriment does not disqualify him from access to fina

National 74

National Groups 74

The Paypers

JULY 26, 2023

Global financial super app Revolut has announced that it is now offering accounts to non-citizens lawfully in the US who do not have an SSN or ITIN.

US 69

US 69

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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TheGuardian

JULY 26, 2023

Like many corporations, they make virtuous statements, but for the most part they hide behind a cloak of ethical humbug There are no branches of Coutts in Sheffield Hallam, Mid-Bedfordshire and Swansea East. In fact, there are no branches of any bank in these and the 14 other parliamentary constituencies that have been at the sharp end of a mass closure programme in the past decade.

Capital 70

Capital Groups 70

BankInovation

JULY 26, 2023

Payments and financial services technology company Fiserv is looking to expand efforts in embedded finance and cloud services to meet increased demand for digital banking products.

Payments 52

Payments Digital Banking Meeting Technology 52

TheGuardian

JULY 26, 2023

In today’s newsletter: The twisty tale of Nigel Farage’s dispute with the NatWest-owned bank has led to the resignation of its CEO, Alison Rose. A timeline of the drama and why it matters • Sign up here for our daily newsletter, First Edition Good morning. It has been almost a month since Nigel Farage launched an almighty tirade against NatWest-owned Coutts – a British private bank and wealth manager whose elite client list includes King Charles and most of the royal family.

social media 63

social media Conference Regional Groups 63

BankInovation

JULY 26, 2023

Banco Santander, Deutsche Bank and Lloyds Bank prioritized efficiency in the first half of the year by leaning into technology. Banco Santander continued to implement its One Transformation plan, a common operating business model, across retail and commercial banking, Chief Executive Hector Grisi said during today’s earnings call.

Retail 52

Retail Operations Technology Data 52

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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