Sat.Jul 13, 2024 - Fri.Jul 19, 2024

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Usage-based pricing: Achieve growth with value-added payment services

Accenture

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 257
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Top 5 Hard Money Construction Lenders

Commercial Lending USA

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

Lending 52
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How U.S. Bank climbed to the top in mobile app customer satisfaction

American Banker

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
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Mastercard update travelers on latest card precautions

Payments Dive

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
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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Maintaining Digital Compliance with the PCI DSS 4.0

Cisco

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.

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Disused Lloyds office sites to be converted into social housing

TheGuardian

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
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CFO shuffle continues as Webster, Eastern name new finance chiefs

American Banker

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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Alacriti and Lumin Digital partner for real-time payments

The Paypers

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.

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Futures under stress: how did gilt futures behave in the LDI crisis?

BankUnderground

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
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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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FedNow zooms past RTP participation in inaugural year

Payments Dive

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
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Driving the Future of Wealth Management

Perficient

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.

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9 Steps to Kill Checks and Check Processing

South State Correspondent

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
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ATM fraud: How to combat it

ATM Marketplace

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 131
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Is Your Current Card Platform Holding You Back?

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

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Opponents of Capital One-Discover merger to air grievances

Payments Dive

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

Capital 317
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Bank of America, JPM, TD and Visa affected by global CrowdStrike outages

BankInovation

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
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Community Bank Loan Performance Analysis

South State Correspondent

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.

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Boardroom Focus: Communications Compliance

Cisco

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.

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3 Ways Managed Device Services Help Community Banks Cut Costs

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

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BofA tackles digital payments pain points

Payments Dive

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
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CFPB proposes earned wage access rule

BankInovation

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
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Financial Wellness as a Profit Center for Financial Institutions

Jeff For Banks

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
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Liberty Bank embraces tech for 200th anniversary

ATM Marketplace

As it approaches its 200th anniversary, Liberty Bank is embracing major technological changes and investigating others.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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6 viewpoints from the CFPB’s director that may affect payments

Payments Dive

“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
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Bank of England warns CHAPS payment system experiencing delays

BankInovation

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
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Goldman Sachs raises banker pay and bonuses after 150% surge in quarterly profit

TheGuardian

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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Credit Card Tech: 5 Integrations You Need to Know!

BankBazaar

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
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.