PYMNTS

DECEMBER 29, 2020

Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending from credit cards to debit cards. Debit solutions draw on funds consumers already have in their bank accounts, and while this makes them reassuring to debt-wary consumers, it can have implications if these details

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Fraud Cards Analysis Tools 303

Payments Dive

DECEMBER 29, 2020

As 2021 rapidly approaches, many of us are hoping for better days after the whirlwind year of 2020. While COVID-19 has certainly had an impact on every industry, certain trends that began in 2019 continued to develop in 2020, and some of them may even blossom fully in 2021

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Trends Payments US Industry 474

Perficient

DECEMBER 9, 2020

Partnering with a commerce solution provider that can transform B2B and B2C digital omnichannel experiences is paramount in today’s digital world. Businesses need a full suite of expertise and assets to compete and provide seamless commerce experiences that delight consumers. Forrester canvased 35 commerce service providers to help shape the shortlists of digital decision-makers and channel strategy professionals.

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Report Industry Strategy Branding 572

Accenture

DECEMBER 18, 2020

Central bank digital currency (CBDC) enables new transactions in central bank money and would require banks to adjust and expand their intermediation services. Central bank money is the most important money in any given currency area. Banks distribute it to their private and business clients in the form of bank notes and coins to support…. The post A Closer Look: What CBDC means for banks and non-banking firms appeared first on Accenture Banking Blog.

Payments 532

Payments 532

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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.

Groups

Payments Source

DECEMBER 16, 2020

Demand for food delivery has been strong during the pandemic, building on what already had been a strong demand for the $27 billion industry, according to NPD Group.

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Groups Industry Retail Payments 200

PYMNTS

DECEMBER 18, 2020

Facebook’s Libra might be fading a bit as a perceived threat to monetary systems that have been in place around the globe for centuries. But the race is still on for central banks to develop their own digital versions of fiat to take their place alongside bills and coins. To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs).

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Cleveland Massachusetts Boston cryptocurrency 357

Payments Dive

DECEMBER 11, 2020

NYC Fintech Women announced its second annual, 50 Inspiring Fintech Females awards. There were more than 400 nominations for recognition in five different categories. Mobile Payments Today interviewed a few of the winners to get their reaction to being selected and get their advice for women in the industry moving forward.

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Fintech Mobile Industry Payments 545

Perficient

DECEMBER 18, 2020

Recently, I published a blog post regarding AEM Customization: Show Unpublished Reference Alert for Content Path where I showed how to customize the Pathfield and Xffield resourceType. In doing this, I was able to showcase how to create a notification for the content author as to whether the selected content path is published or not. I found it to be a useful feature for one of our clients while they were authoring a number of AEM content pages.

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Data How To Management 568

Accenture

DECEMBER 21, 2020

So far in this blog series we’ve talked about how an outside-in approach to banking can help Australian banks convert the current threats and challenges into opportunities. We believe this bold approach to shaking the status quo will be guided by four key principles: 1. Be married to nothing. 2. Re-establish trust with customers. 3.…. The post Outside-in lens—four key principles for the future of banking appeared first on Accenture Banking Blog.

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Innovation Technology 497

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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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Jack Henry

DECEMBER 21, 2020

If you find yourself in Cedar Falls, Iowa, head to First Street and pop into The Music Station. And yes, if you're a Jack Henry customer, you might find yourself in Iowa. After all, Cedar Falls is the birthplace of the Banno Digital Platform. So what is this mysterious gas station? Today, it's just a regular two-pump station in a college town on one of the main streets.

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Iowa Maine Fintech 183

Bobsguide

DECEMBER 18, 2020

If we’ve learned anything from 2020, apart from how to bake the perfect sourdough loaf, it’s how to do things differently. Not many of us are where we thought we’d be at the beginning of this tumultuous year. Targets have been thrown out of the windows and KPIs ripped up like.

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How To US 190

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years. According to the Bank for International Settlements (BIS), as of July, some 36 central banks published studies on the concept of a central bank digital currency (CBDC) also known as a di

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National Study System Report 356

Payments Dive

DECEMBER 28, 2020

2020 was a difficult year in many aspects, but it also challenged the payments industry to find new solutions to work through the limitations of the pandemic. Seth Brennan, CEO of North Lane Technologies, a payments industry veteran, shares his thoughts on the year ahead

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Industry Technology Payments 497

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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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Perficient

DECEMBER 21, 2020

As this year winds down to its conclusion, we start to look ahead. We are compelled to perform retrospectives and see how they measure up to our keys to success. Thinking of this, I am reminded of a keynote speech that I had heard when I was being recognized for achieving the rank of Eagle at a council dinner for the Boy Scouts of America. The Speaker was a successful businessman and an avid pilot.

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Management Exercises Meeting Guidelines 558

Payments Source

DECEMBER 20, 2020

Even with the pandemic's dramatic shift to online commerce, TIAA Bank's Claudia Tabacinic says there's still room to migrate consumers, and lingering reluctance to embrace new technology.

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Fintech Payments Online Technology 168

Jack Henry

DECEMBER 23, 2020

The beginning of a new year has traditionally been the perfect time to market your digital banking to help people get financially organized. But when planning to promote digital banking this year, the idea of financial resolutions might not connect in quite the same way. Digital banking in 2020 has shifted our priorities, and people’s financial lives are more in question than ever.

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Digital Banking Marketing Tools How To 167

Bobsguide

DECEMBER 10, 2020

A no-deal Brexit or a failure to produce close regulatory alignment in the financial services sector will be an “absolute nightmare” for fintechs, according to James Lynn, co-founder at London-based fintech, Currensea. Lynn says that a no-deal scenario, alongside no equivalence.

Fintech 179

Fintech 179

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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

Cards

PYMNTS

DECEMBER 23, 2020

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. According to the release, Santander allegedly knew that it provided incorrect consumer data to the three major credit reporting agencies (CRAs). Santander is an originator and servicer of non-prime auto loans and leases and provides credit information to CRAs via monthly data files, according to the CFPB

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Report Compliance Online Lending 356

Payments Dive

DECEMBER 8, 2020

The trucking industry was content with its payment processing for years until the pandemic hit. Mobile Payments Today interviewed Justin King, Senior Vice President, product and innovation for Comdata on how the industry has moved forward with digital payments.

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Industry Meeting Payments Innovation 466

Perficient

DECEMBER 14, 2020

The COVID-19 pandemic has done a great job revealing trouble spots and gaps in many companies’ technology strategies this year. If you’ve discovered that your data strategy and technology solutions need improvement, then this podcast is for you. Join host Arvind Murali , Principal and Chief Strategist of Data at Perficient, for the first season of Intelligent Data.

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Data UX Big Data Analytics 539

ATM Marketplace

DECEMBER 29, 2020

For almost the entire year I have been editor of this publication, the news sources we work with have reported on several ATM thefts happening daily across the country. The odd thing is many aren't just stealing from ATMs they are also stealing the actual machine. Editor Pat Shea shares her thoughts on this topic.

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Innovation ATM Report 149

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Community Bank

Jack Henry

DECEMBER 17, 2020

Soon, we will be back to “normal,” or at least something that resembles it. Promising vaccines are on the horizon. In some states, businesses are reopening. Holiday shopping is even underway. At the same time, millions of US-based businesses are preparing for 2021 and what it may bring. Through the sharp second quarter decline, many industry sectors saw gross revenues drop by more than 40%.

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US Industry Lending 167

Bobsguide

DECEMBER 15, 2020

There has been a growing number of cyberattacks against ATMS and central servers, which are the systems that control ATMs. This pressing threat has resulted in the theft of personal data, such as account numbers and pin codes. However, these types of attacks still require further actions to.

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ATM System Data 174

PYMNTS

DECEMBER 18, 2020

The U.S. Treasury Department proposed sweeping new rules late Friday (Dec. 18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effect

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Bitcoin US Regulation cryptocurrency 354

BankUnderground

DECEMBER 18, 2020

Before Bank Underground goes off on its Christmas holidays, it’s time for the Annual Bank Underground Christmas Quiz! We hope you enjoy testing your knowledge on our festive themed questions on economics, finance and all things central banking…. 1) Why did the 2008 Financial Crisis push up the price of Christmas Trees in 2020? Please view this post in your web browser to complete the quiz. 2) Which of the following financially-named songs made it to number one in the UK charts?

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Cards 145

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Innovation