Banks lagging behind on real-time payments are making a mistake
American Banker
OCTOBER 3, 2023
FedNow and RTP are only going to get better and more efficient as they become interoperable and develop new use cases. It's time to get on board.
American Banker
OCTOBER 3, 2023
FedNow and RTP are only going to get better and more efficient as they become interoperable and develop new use cases. It's time to get on board.
Payments Dive
OCTOBER 3, 2023
With the purchase of SpotOn’s sports and entertainment business unit, Shift4 scoops up its rival’s customers in that market.
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BankInovation
OCTOBER 3, 2023
Truist Financial is overhauling its digital innovation operations. Bank Automation News has learned that a key bank C-level innovation officer left Truist last week, and the bank shut its Foundry unit, which led the FI’s skunkworks ventures.
Payments Dive
OCTOBER 3, 2023
Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.
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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.
Jack Henry
OCTOBER 3, 2023
A loan administrator’s job is crucial ‒ and hectic. They deal with customer complaints, delinquent loan payments, and other financial headaches and deadlines on a daily basis. But they also get to work closely with applicants, helping them identify and reach their goals. It’s stressful, no doubt, but rewarding.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
OCTOBER 3, 2023
Last Friday, the U.S. Supreme Court agreed to decide when a right of action first accrues for an Administrative Procedure Act (APA) challenge to a final rule issued by a federal agency—when the final rule is issued or when the rule first causes injury. In April 2021, the North Dakota Retail Association, North Dakota Petroleum Marketers Association and Corner Post, Inc.
Payments Dive
OCTOBER 3, 2023
Offering payroll services through its human resources software gives Ceridian an advantage in the earned wage access market, executive Deepa Chatterjee said.
American Banker
OCTOBER 3, 2023
The payments company launched a $100 million fund for generative AI, creating a potential group of partners that can build on the card network's global scale.
Payments Dive
OCTOBER 3, 2023
Millennials are the most willing age group to consider BNPL to manage holiday spending amid rising prices, according to a Square and Afterpay report.
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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.
American Banker
OCTOBER 3, 2023
U.S. Bancorp and Truist picked literal names for their virtual assistants to avoid confusing customers, while Fifth Third and Regions created characters called "Jeanie" and "Reggie" to put clients at ease. Other companies are trying to split the difference.
Payments Dive
OCTOBER 3, 2023
A fast payment process is another top feature customers value when buying items from convenience stores, Dover Fueling Solutions noted in its latest report.
BankInovation
OCTOBER 3, 2023
Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the company’s overall headcount. The Detroit-based firm said the job cuts will occur across divisions and aren’t isolated to a single line of business, spokesperson Peter Gilchrist told Bloomberg News in an email.
Payments Dive
OCTOBER 3, 2023
A bill important to the payments industry has attracted bipartisan support despite the political divide on Capitol Hill.
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.
American Banker
OCTOBER 3, 2023
Mary Callahan Erdoes, CEO of asset and wealth management at the megabank, says recent advancements in remote connectivity will lead to a "much better Wall Street than many of us grew up in." She urges women not to let newfound flexibility go away.
BankInovation
OCTOBER 3, 2023
Banks are shuttering physical locations as digital and mobile banking adoption rises and footfall in branches dwindles. According to Forrester’s “The State of Digital Banking 2023” March report, online banking is the most popular channel in North America and throughout most of Europe.
American Banker
OCTOBER 3, 2023
M&T Bank, Truist Financial and Eastern Bankshares are among the banks that have sold all or part of their insurance subsidiaries over the last year. Though the price is right, analysts warn that when interest rates decline, sellers will be without a key source of fee income.
BankInovation
OCTOBER 3, 2023
Grasshopper Bank is looking to expand its support of the innovation economy with the launch of a new operating account intended for venture-backed startups.
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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
ATM Marketplace
OCTOBER 3, 2023
ATM fraud via skimming and other techniques is on the rise. How can operators fight back?
The Paypers
OCTOBER 3, 2023
Hungary-based SEON has announced the launch of its suite of fraud prevention solutions on the Amazon Web Services (AWS) Marketplace.
TheGuardian
OCTOBER 3, 2023
Hannah Lewis on the financial services firm’s partnership with airline, weathering the pandemic and navigating a male-dominated business world For a company so closely tied to the business travel elite, the Covid lockdown orders issued in March 2020 were particularly troubling for American Express. With shops shut, borders closed and its cohort of jetsetting business customers suddenly chained to their kitchen tables, the credit card company was hit with an immediate drop in consumer spending.
The Paypers
OCTOBER 3, 2023
The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).
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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
American Banker
OCTOBER 3, 2023
The high court heard what is likely the last realistic judicial attempt to assert that the Consumer Financial Protection Bureau is structurally unconstitutional. It didn't go well for the plaintiffs.
The Paypers
OCTOBER 3, 2023
B2B payments infrastructure platform Thunes has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries.
American Banker
OCTOBER 3, 2023
Activist investor Abbott Cooper, who has been locked in a battle with management at AmeriServ Financial for more than a year, plans to nominate former Amalgamated Financial head Keith Mestrich in a bid to end the impasse.
The Paypers
OCTOBER 3, 2023
Cross River and paymints.io have expanded their partnership to bring real-time payments to the latter’s customers over The Clearing House ’s RTP network.
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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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