Payments Dive

JULY 20, 2022

A federal government report released this week takes aim at the problem of fraudulent public benefit payments, which mushroomed to $281 billion for fiscal year 2021.

Payments 545

Payments Report 545

Gonzobanker

JULY 20, 2022

The lack of ownership in driving digital transformation is a huge roadblock for financial institutions. In my digital transformation work with Cornerstone Advisors clients, I often ask executives a simple question: “Who owns digital?” The most common responses are: 1) blank stare, 2) scrunched face of contemplation, and 3) “a lot of different people.

Digital Strategies 168

Digital Strategies Strategy Leadership Customer Experience 168

Perficient

JULY 18, 2022

A TRACE-eligible security does not include a debt security that is issued by a foreign, sovereign government or a money market instrument. A money market instrument is, other than a U.S. Treasury Security, a debt security that at issuance has a maturity of one calendar year or less, or if an agency or government-sponsored enterprise (GSE), a maturity of one calendar year and one day or less.

Security 474

Security Report Compliance Exercises 474

Accenture

JULY 20, 2022

The recent nCino nSight 2022 conference in Raleigh, North Carolina, was the first large-scale, in-person event I’ve attended in over two years. Although the presentations at the event were very informative and insightful, (look below for our nSight 2022 key session summary), I’m not going to discuss those here. Instead, I’d like to focus on…. The post Back to in-person events (for now) and loving it!

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North Carolina Raleigh Conference 370

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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.

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Payments Dive

JULY 20, 2022

“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will.

Fintech 397

Fintech Payments 397

Abrigo

JULY 21, 2022

Teaching branch staff these KYC tips can aid CDD compliance BSA Officers can help tellers and other branch staff learn how to ask questions that both foster relationships and support CDD compliance. . You might also like this resource, "Customer due diligence checklist." DOWNLOAD. Takeaway 1 Front-line teams are the eyes and ears of the bank or credit union and can support Customer Due Diligence (CDD) requirements.

Compliance 195

Compliance Training Fraud Examples 195

Accenture

JULY 19, 2022

Telecom firms play a critical role in connecting people: 85% of the US population use smartphones today, and the penetration rate in the UK has reached 92%. This access to a massive market creates a unique opportunity for the key telecoms players to offer streamlined, end-to-end customer journeys, which can be powered by frictionless digital…. The post 3 key areas where payments can empower telecoms appeared first on Accenture Banking Blog.

Payments 370

Payments US Marketing Trends 370

Payments Dive

JULY 18, 2022

The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services.

Software 397

Software Meeting Payments Company 397

South State Correspondent

JULY 20, 2022

For Now, Focus is on Europe. Treasuries are finding a bid this morning as concerns re-emerge over possible energy disruptions in Europe which could slow the global economy. The EU proposed the union cut gas consumption by 15% to be better prepared for a possible full cut-off of gas by Russia heading into the winter months. With the Ukraine war showing no signs of improvement the gas supply situation is likely to be a continuing thorn in the side of the European economy, and it will only worsen a

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Meeting Data Marketing 195

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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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CFPB Monitor

JULY 20, 2022

As discussed in an earlier blog post , the California Department of Financial Protection and Innovation (“DFPI”) issued an Invitation for Comments on the Proposed Second Rulemaking under the Debt Collection Licensing Act (“DCLA”) on August 19, 2021. The Commissioner is now considering draft regulations related to the DCLA’s scope, annual report, and document retention requirements, and has issued an “ Invitation for Comments on Draft Text for Proposed Second Rulemaking Under the Debt Collection

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California Regulation Taxes Report 141

Accenture

JULY 17, 2022

Anyone in the world of payments knows SWIFT—the Society for Worldwide Interbank Financial Telecommunication—because it’s a crucial part of the international payments infrastructure. SWIFT will turn 50 next year, and it’s possible that in all that time it has never been subject to more disruption and innovation than it is right now. Consider the many….

Innovation 195

Innovation Payments 195

Payments Dive

JULY 19, 2022

Following its second acquisition as a public company, Boston-based Flywire will continue to look for purchase opportunities that expand the payments company’s reach globally, said CEO Mike Massaro.

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Boston Payments Company 273

South State Correspondent

JULY 17, 2022

The Federal Reserve is rapidly changing the interest rate environment to fight inflation. The Fed’s actions are forcing lenders and borrowers to consider ways to protect cash flow, credit, liquidity, and interest rate risks. Many borrowers ask lenders how they can use swaps, caps, floors, and collars to protect their businesses and lower borrowing costs.

Lending 195

Lending Marketing Examples Policies 195

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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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ATM Marketplace

JULY 19, 2022

Typically, retail ATMs have had fewer features than bank ATMs, but that may be changing. ATM Marketplace interviewed Brad Nolan, EVP and CMO at Hyosung America, to learn more about how the market is changing.

ATM 125

ATM Retail America Marketing 125

BankUnderground

JULY 20, 2022

Miguel García-Posada and Sergio Mayordomo. In February, the Bank hosted its inaugural Bank of England Agenda for Research (BEAR) conference, with the theme of ‘The Monetary Toolkit’ As part of our occasional series of Guest Posts by external presenters at Bank research events, the authors of one paper from the BEAR conference outline their findings on the effect of negative rates on Spanish banks….

Policies 110

Policies Lending Capital Study 110

Payments Dive

JULY 18, 2022

An experienced commerce partner can help provide the technology needed to help merchants keep up.

Technology 370

Technology 370

South State Correspondent

JULY 18, 2022

75bps Returns as the Expected Rate Hike for Next Week. The initial chatter about a possible 100bps rate hike that came after the ugly June CPI report has died down and a 75bps rate hike has returned as the consensus outlook for next week’s FOMC meeting. The chatter died down immediately after Friday’s University of Michigan Sentiment Survey found long-run inflation expectations had edged lower to 2.8% from 3.1% previously and 3.0% expected.

Michigan 195

Michigan Meeting Marketing Policies 195

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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

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ATM Marketplace

JULY 22, 2022

Clinton Cheng, VP, global head of the Visa/PLUS ATM Network at Visa, will deliver key insights regarding the future of self-service banking and payments at the Bank Customer Experience Summit, being held in Chicago from Aug. 31 to Sept. 1.

Customer Experience 105

Customer Experience Chicago ATM Payments 105

Bobsguide

JULY 21, 2022

• New appointments bring significant expertise from across the financial services industry to TS Imagine’s rapid growth. LONDON, 14 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth. The new board members bring significant expertise in core business areas, including digital assets, securities finance, derivatives, and market structure, as the bu

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Leadership New Jersey America Capital 88

Payments Dive

JULY 22, 2022

The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.

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FICO

JULY 21, 2022

Home. Blog. FICO. Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. FICO. Tue, 02/18/2020 - 14:57. by Joanne Gaskin. expand_less Back To Top. Thu, 07/21/2022 - 15:30. In June, I had the pleasure of participating in a panel discussing credit access and financial education for women small business owners at the National Association of W

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Analytics DC Resources Michigan 98

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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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ATM Marketplace

JULY 19, 2022

Typically, retail ATMs have had fewer features than bank ATMs, but that may be changing. ATM Marketplace interviewed Brad Nolan, EVP and CMO at Hyosung America, to learn more about how the market is changing.

ATM 97

ATM Retail America Marketing 97

BankInovation

JULY 21, 2022

Cloud services are transforming business operations for financial institutions, providing a modern IT infrastructure while mitigating cyber risk. Referred to by IBM as “one of the most important shifts in the history of enterprise computing,” adoption of the public cloud is growing as organizations become more familiar with the advantages provided by the technology.

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Operations Technology 98

Payments Dive

JULY 22, 2022

The digital payments pioneer is distributing shares of its beat-up stock to hundreds of new workers in a bid to hang onto employees after cutting others earlier this year. A spokesperson said the distribution was a “normal course” of action.

Course 243

Course Payments 243

TheGuardian

JULY 18, 2022

Brent crude prices pushed past $100 per barrel after US president Joe Biden failed to secure output hike agreements with the world’s top oil exporter We’re expecting further travel chaos and some services to be impacted by surging temperatures today. Follow our dedicated UK heatwave live blog today for the latest: GSK’s consumer spin-off Haleon, home to brands from Sensodyne toothpaste to Panadol painkillers, has begun trading on the London Stock Exchange in the biggest European listing in a dec

Security 96

Security US Branding Marketing 96

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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

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