South State Correspondent

NOVEMBER 14, 2024

With almost 30% of our banks utilizing some portion of instant payments, the industry is starting to gather more data on how instant payments impact balances, customer acquisition, and account usage. Instant payments have the potential to change the payment landscape for banks. In this article, we look at six ways instant payments impact deposit performance and add insight into what it means for banks.

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Payments Study Survey Data 195

Abrigo

NOVEMBER 13, 2024

This article covers these key topics: Debt-service coverage ratios are steady. Leveraged has improved since 2019. Businesses' working capital cycles are longer. Interest coverage ratios have stayed strong. How lenders can leverage this data. Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience.

Lending 221

Lending Meeting Data Risk Management 221

Payments Dive

NOVEMBER 12, 2024

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

Payments 434

Payments Survey Fraud Cards 434

Perficient

NOVEMBER 14, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.

Regulation 221

Regulation Exercises System Fraud 221

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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.

Operations

ATM Marketplace

NOVEMBER 14, 2024

A panel talk, “Self-Service Retail: A Profitable Path to Growth in High-Traffic Locations,” will offer expert insight at the Self Service Innovation Summit being held Dec. 9-11 in Tampa, Florida. Registration continues through Dec. 6.

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Tampa Innovation Retail Florida 121

Payments Dive

NOVEMBER 10, 2024

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

Fraud 466

Fraud System Cards Report 466

Abrigo

NOVEMBER 14, 2024

Be proactive with your AML/CFT program to prevent BSA enforcement actions As regulatory scrutiny intensifies, financial institutions face more frequent Bank Secrecy Act (BSA) enforcement actions from supervisory agencies. These actions can result in costly civil penalties and reputational damage, so banks and credit unions should take proactive steps to ensure their BSA compliance programs are robust and effective.

Compliance 221

Compliance How To Training Software 221

Perficient

NOVEMBER 14, 2024

How to ensure your toolset matches your vision, team and long term goals. Seems common sense right? Use the right tool for the right purpose. However, in the DXP and Drupal space, we often see folks trying to fit their project to the tool and not the tool to the project. There are many modules, profiles, and approaches to building Drupal out there, and most all of them have their time and place.

Tools 221

Tools UX Management Training 221

ATM Marketplace

NOVEMBER 12, 2024

AI has taken the world by storm, and it has transformed numerous aspects of customer experience across restaurant, QSR, and self-service contexts, including drive-thru ordering and kiosks.

Customer Experience 136

Customer Experience 136

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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 Dive

NOVEMBER 15, 2024

The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

Cards 448

Cards Fraud Online 448

TheGuardian

NOVEMBER 14, 2024

Chancellor uses Mansion House speech to suggest it is time to loosen some constraints brought in after 2007-08 crash Rachel Reeves has told City bankers attending her Mansion House speech that regulations put in place to protect the economy after the global financial crisis had “gone too far”. Speaking at the glitzy annual gathering in the Square Mile on Thursday, the chancellor called the financial services sector the “crown jewel” of the UK economy.

Regulation 111

Regulation 111

BankUnderground

NOVEMBER 13, 2024

David Elliott, Ralf Meisenzahl and José-Luis Peydró Capital flows and credit growth are strongly correlated across countries. Macroeconomic evidence suggests that this ‘ global financial cycle ’ is largely driven by US monetary policy: expansionary policy by the Federal Reserve drives increases in lending globally, while contractionary Fed policy leads to a tightening of global financial conditions.

Policies 103

Policies Lending US Chicago 103

ATM Marketplace

NOVEMBER 15, 2024

Money visibility solutions can help banks and businesses combat money laundering.

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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.

Lending

Payments Dive

NOVEMBER 13, 2024

The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.

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Security Company 370

TheGuardian

NOVEMBER 15, 2024

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisis The financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the Labour government is in danger of watering down rules meant to avoid another financial crisis. In an official “remit” letter addressed to Financial Conduct Authority (FCA) boss, Nikhil Rathi, the chancellor, Rachel Reeves, said regulations meant to protect consumers shoul

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Regulation Management 105

American Banker

NOVEMBER 12, 2024

This year, 90 banks made American Banker's 12th annual Best Banks to Work For ranking. The leaders of these institutions share how they keep their employees happy.

Community Bank 95

Community Bank Community Management 95

ATM Marketplace

NOVEMBER 12, 2024

Should retail banks dump cash? Or should they adjust how they use it?

Retail 104

Retail 104

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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

Payments Dive

NOVEMBER 15, 2024

“Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.

Payments 243

Payments Industry Marketing Company 243

TheGuardian

NOVEMBER 12, 2024

FCA finds lender failed to check more than 60m transactions valued at £51bn Business live – latest updates Metro Bank has been fined nearly £17m by the UK’s financial watchdog for failings in its money laundering controls over four years. The Financial Conduct Authority (FCA) issued the £16.7m penalty after finding failures in monitoring 60m transactions over a four-year period that risked a “gap being left in the defence against the criminal use of the financial system”.

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Metro System 92

American Banker

NOVEMBER 13, 2024

The top five banks have combined construction loans of more than $71 billion.

Industry 91

Industry Lending 91

PopularBank

NOVEMBER 14, 2024

From frantic, last-minute shopping to festive party hopping, the holiday season is full of frenzied activity. Unfortunately, amidst the revelry, unsuspecting victims can easily get caught in traps set by cybercriminals. As you spread holiday cheer, don’t overlook the importance of protecting your personal and financial information. Online scammers, in particular. tend to be more active during the holiday months because more people are using their credit cards to make purchases across numerous we

Fraud 98

Fraud social media Cards Security 98

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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

Community Bank

Payments Dive

NOVEMBER 11, 2024

The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

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Technology Payments Company 243

TheGuardian

NOVEMBER 10, 2024

Andrew Wrench’s case over ‘secret’ dealership commission could help UK consumers win billions in compensation Self-styled as the Erin Brockovich of the Potteries, and described by the court of appeal as “a postman with a penchant for fast cars”, Andrew Wrench is a force to be reckoned with. And while he may not be a household name yet, those who work in the multimillion-pound car-leasing industry will be all too aware of his campaigning zeal.

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Industry Regulation 99

American Banker

NOVEMBER 13, 2024

Recent multimillion-dollar elder fraud cases are leading to lawsuits and possible regulatory action.

Fraud 90

Fraud Technology 90

The Paypers

NOVEMBER 11, 2024

Ant International has launched its MSME S-Card, aimed at introducing a sustainability impact on SMEs in their development process, as well as new green financing opportunities.

Cards 89

Cards Industry 89

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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