Accenture

JULY 17, 2024

Interest rates and inflation are on everyone’s minds. Cost-conscious customers want to see value for their money and don’t want to pay for what they don’t use. Companies, in turn, are looking to better align their pricing with costs. Even as budgets tighten, they want to attract new customers, reduce churn and boost revenue. The… The post Usage-based pricing: Achieve growth with value-added payment services appeared first on Accenture Banking Blog.

Payments 322

Payments Company 322

Commercial Lending USA

JULY 16, 2024

Do you need to start your construction project quickly? Lenders who come from the past can be slow and strict.

Lending 52

Lending 52

American Banker

JULY 15, 2024

In recent surveys conducted by Javelin Strategy & Research and Insider Intelligence, consumers gave the bank's app high marks. Many small-seeming improvements explain the ascent.

Survey 91

Survey Mobile Strategy Digital Banking 91

Payments Dive

JULY 15, 2024

With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

Cards 195

Cards Fraud 195

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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

Cisco

JULY 15, 2024

Cisco plays a pivotal role in the evolution and implementation of the PCI DSS 4.0.1 standards, offering a suite of compliant products and advisory expertise to assist customers in navigating the significant security updates and phased rollout through March 2025.

Compliance 100

Compliance Security Industry 100

TheGuardian

JULY 14, 2024

Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s Lloyds Banking Group will start converting its disused office sites into social housing, as the UK’s largest mortgage provider lays the groundwork for a fresh housebuilding boom after Labour’s election win. The bank, which started reviewing its property portfolio during the Covid lockdown in 2020, is launching the programme with a decommissioned data and office sp

Groups 111

Groups Data Industry 111

American Banker

JULY 16, 2024

Two Northeast banks will get new CFOs next month. Webster Financial hired Neal Holland, the former CFO of the failed First Republic Bank, and Eastern Bankshares hired David Rosato, who left Berkshire Hills Bancorp last month.

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The Paypers

JULY 15, 2024

US-based digital payments fintech Alacriti has integrated Orbipay money movement services into Lumin Digital ’s platform to offer instant A2A transfers and digital loan payments.

Payments 69

Payments Fintech US 69

BankUnderground

JULY 17, 2024

Joel Mundy and Matt Roberts-Sklar When markets are volatile, liquidity tends to worsen. This makes it harder to intermediate buyers and sellers. We saw this during the 2022 liability-driven investment (LDI) stress, when the UK government bond (gilt) market exhibited extreme volatility. This illiquidity was also evident in gilt futures, derivatives that support functioning in the cash gilt market.

Marketing 117

Marketing Policies Technology Analysis 117

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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

JULY 16, 2024

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

System 543

System Operations Payments 543

Perficient

JULY 18, 2024

Wealth management is evolving rapidly, driven by generational shifts, changing advisor roles, new business models, regulatory demands, and a growing preference for low-cost passive products. In response to these changes, our fintech client partnered with one of the world’s largest financial institutions to develop a next-generation, open-source, front-to-back wealth management platform.

Management 221

Management Data Customer Experience Innovation 221

South State Correspondent

JULY 18, 2024

Sometime soon, one of the banks reading this will likely be the last bank to handle paper checks. Last week’s announcement that Target, one of the nation’s largest retailers, will not take personal checks past July 15 th has made bankers take notice. Target joins Whole Foods, Aldi, and Lululemon as major retailers that have found that checks eat up too much margin.

Fraud 195

Fraud Payments social media Operations 195

BankInovation

JULY 19, 2024

Banks, airlines and other organizations using Microsoft have reported down systems across the globe as cybersecurity firm CrowdStrike is suffering from the biggest IT outage in history.

America 129

America System Industry Marketing 129

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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

JULY 18, 2024

Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.

Capital 317

Capital Cards Payments Company 317

Cisco

JULY 19, 2024

Cisco Webex in collaboration with a partner provides a compliance and security solution tailored for digital communications within the Webex Suite, serving major organizations like top North American banks.

Compliance 118

Compliance Security Industry 118

South State Correspondent

JULY 15, 2024

We conducted a loan performance analysis for over 5,000 individual hedged commercial loans originated by almost 400 community and regional banks across the country. We measured prepayment speeds, loan size, loan term, fee income, loan yield, credit performance, and return on equity (ROE) of hedged loans and compared this performance to community bank industry averages.

Community Bank 195

Community Bank Analysis Community Training 195

BankInovation

JULY 18, 2024

The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and fees for these services, according to today’s CFPB release. Paycheck advance products allow employees real-time access to earned wages.

Marketing 125

Marketing Payments 125

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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

JULY 15, 2024

The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

Payments 243

Payments 243

ATM Marketplace

JULY 19, 2024

ATM fraud continues to be a global problem, with criminals choosing to strike wherever the money is and wherever they find vulnerabilities to exploit. Here are a few ways to prevent it.

ATM 114

ATM Fraud How To 114

Jeff For Banks

JULY 19, 2024

So many financial institutions list "financial literacy" or customer "financial wellness" as one of their higher purposes. Which makes immeasurable sense given how defined benefit pension plans are now the exception and households are left to fend for themselves when it comes to their own financial wellness. And by objective measures they are not doing too well.

Community 102

Community Groups Conference Management 102

BankInovation

JULY 18, 2024

The Bank of England warned that its CHAPS service — one of the largest high-value payment systems in the world — has been affected by a global payments issue, causing some large, time-sensitive payments to be delayed.

System 119

System Payments 119

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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.

Analysis

Payments Dive

JULY 19, 2024

“We are looking a lot at the convergence of payments and commerce and the extent to which a very big player could use that to shatter that wall between banking and commerce,” the agency’s director, Rohit Chopra, said earlier this month.

Payments 221

Payments 221

TheGuardian

JULY 15, 2024

Wall Street firm says it spent $4.2bn on compensation and benefits for its 45,300 staff in the three months to June Goldman Sachs has increased banker pay including bonuses by 17% after profits more than doubled in the second quarter, following a rebound in dealmaking. The Wall Street firm said it spent $4.2bn (£3.2bn) on compensation and benefits for its 45,300 staff in the three months to June, up almost a fifth from the same period last year.

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BankBazaar

JULY 18, 2024

Here’s a sneak-peek into some technologies that are going to shake up the world of Credit Cards. Enhanced convenience, bolstered security, the advantages are endless… The question is, are you ready for the revolution? In the ever-evolving landscape of financial technology, C redit C ards are no longer mere pieces of plastic / metal. Sure, they have made payments easy and rewarding.

Cards 78

Cards Security Data Technology 78

BankInovation

JULY 18, 2024

KeyBank spends $800 million annually on technology and expects expenses to grow in 2025 as it continues to invest in overall operations.

Operations 125

Operations Technology 125

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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

Community Bank