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 169

Digital Strategies Strategy Leadership Customer Experience 169

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 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 367

Payments US Marketing Trends 367

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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 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!

North Carolina 363

North Carolina Raleigh Conference 363

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

Meeting 195

Meeting Data Marketing 195

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Analysis

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

California 141

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 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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Lending

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 127

ATM Retail America Marketing 127

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 111

Policies Lending Capital Study 111

Payments Dive

JULY 18, 2022

Meta-owned Instagram will allow users to make purchases from small businesses directly within messages sent in the app.

Payments 284

Payments 284

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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Operations

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 108

Customer Experience Chicago ATM Payments 108

American Banker

JULY 22, 2022

Mobile 101

Mobile Digital Banking Technology 101

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.

Boston 273

Boston Payments Company 273

CB Insights

JULY 19, 2022

Global fintech funding fell 33% quarter-over-quarter (QoQ) to hit $20.4B — its lowest level since Q4’20. Deals also hit a 6-quarter low, dropping 17% QoQ to reach 1,225. In line with this trend, $100M+ mega-rounds also accounted for a smaller percentage of total deals (4%) and funding (47%) than they did at any quarterly point last year. Below, check out a handful of highlights from our 197-page, data-driven State of Fintech Q2’22 Report.

Fintech 100

Fintech Report Comparison Trends 100

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Analysis

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

Analytics 98

Analytics DC Resources Michigan 98

American Banker

JULY 18, 2022

Payments 99

Payments 99

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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259

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.

Operations 98

Operations Technology 98

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