Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Technology Advancement and Generative Artificial Intelligence In the third quarter of 2023, the total operating expense to operate a branch was 47% direct cost: branch salaries and benefits, lease expense, etc.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

FEBRUARY 20, 2019

19), Mastercard announced the launch of its Cybersecurity Toolkit for SMBs, an online resource developed in partnership with the Global Cyber Alliance (GCA) that provides entrepreneurs and business executives with guidance and tools to address the threat of cyberattacks on their companies. In a press release on Tuesday (Feb.

Resources 140

Resources social media Tools Policies 140

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible.

Software 223

Software Fraud System Survey 223

Independent Banker

MARCH 31, 2022

economy, accounting for 99% of companies with paid employees and 65% of net job creation from 2000 to 2017, according to the Small Business Administration (SBA). And of course, communing with community bank colleagues, at events like ICBA LIVE or through Community Banker University’s extensive educational resources, is helpful.

Community Bank 141

Community Bank Community Meeting Resources 141

PYMNTS

JUNE 7, 2019

According to a statement, Deem plans to maintain its “intense focus” on business travel, and therefore cannot allocate resources to the expense side of operations. In 2017, the company’s COO and president John Rizzo spoke with PYMNTS about the role of APIs. Integrations have always been a key focus for Deem.

Management 122

Management Analytics Operations Resources 122

Celent Banking

FEBRUARY 1, 2017

The second type is a completely separate brand ring-fenced under a different technology stack, operating under the umbrella of the parent organization but effectively a separate entity. Submissions this year show institutions spreading their resources across many different applications.

Customer Experience 100

Customer Experience Branding Boston Innovation 100

CFPB Monitor

JANUARY 19, 2022

In the lawsuit, the NALCAB sought to overturn the CFPB’s July 2020 final rule (2020 Rule) rescinding the “ability-to-repay” (ATR) or “mandatory underwriting provisions” in its 2017 final payday/auto title/high-rate installment loan rule (2017 Rule). The NALCAB lawsuit had created a threat of the ATR provisions being reinstated.

Resources 78

Resources Compliance Lending Industry 78

PYMNTS

AUGUST 15, 2019

Justin Ferrabee, chief operating officer of Canadian payments clearing and settlement system operator Payments Canada, told PYMNTS in a recent interview that reliable data is also key to supporting anti-money laundering (AML) and know your customer (KYC) compliance efforts. . High-value payment systems operated by the U.S.

Resources 145

Resources System Data Payments 145

PYMNTS

MARCH 7, 2019

based corporate finance operation, is broadening its position in the trade finance landscape through an acquisition of Global Technology Finance , which provides supply chain finance to value-added resellers targeting the technology sector, according to reports in Asset Finance International. Hitachi Capital America , Hitachi’s U.S.-based

America 129

America Capital Technology Resources 129

PYMNTS

JULY 27, 2020

“We continue to observe unprecedented demand for comprehensive, technology-first B2B automation and payment solutions, as enterprise customers look for ways to reduce costs and operate more efficiently in an increasingly digital environment,” John Morris, CEO of Atlanta-based REPAY, said in a prepared statement.

Atlanta 130

Atlanta Leadership System Resources 130

PYMNTS

JUNE 2, 2020

Ultimately, Wotoken stole an estimated $1 billion in crypto from more than 715,000 victims, with one operator having ties to the $118 million PlusToken Ponzi scheme earlier this year . The percentage of funds sent to high-risk exchanges from those ATMs has doubled every year since 2017. On average, U.S.

Report 131

Report Bitcoin ATM cryptocurrency 131

PYMNTS

APRIL 7, 2020

We are leveraging our network, insights, technology and partnerships to deliver the resources small business owners need now to help them sustain their business as they quickly adapt to a new way of operating and evolved customer needs.”. In 2017, Mastercard committed $500 million to create the Mastercard Impact Fund.

New York 167

New York Community Tools Maine 167

PYMNTS

MARCH 4, 2020

The paperwork and delays that employee expenses generate can strain any business’s operations. Barry Floyd, the firm’s chief financial officer, told PYMNTS in a recent interview that the company was particularly busy during 2016 and 2017, when Hurricanes Matthew and Irma hit the company’s home state of Florida.

Management 141

Management Technology Analytics Resources 141

CFPB Monitor

JUNE 14, 2022

The NAL was essentially a renewal of the no-action letter issued to Upstart in September 2017, which was the first no-action letter issued by the CFPB. The CFPB issued an order last week terminating the no-action letter issued to Upstart Network, Inc. on November 30, 2020 for a 36-month term (NAL).

Innovation 148

Innovation Analysis Resources Compliance 148

PYMNTS

MAY 29, 2019

The firms revealed plans to pool their resources and industry expertise to broaden small business lending operations and add equipment financing to the BitX Funding platform. Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing. ”

Capital 128

Capital Lending Taxes Analysis 128

CFPB Monitor

AUGUST 31, 2022

Participants in the FedNow Pilot Program, which currently number more than 120, will complete a certification process to ensure operational and messaging readiness and then move into production once the service is launched. In September 2022, the FedNow Pilot Program will begin technical testing for the service.

United States 78

United States Resources Payments Software 78

PYMNTS

NOVEMBER 8, 2018

The planned merger of our mobility services will pool our resources and send a strong signal to our new competitors.”. The news came as Daimler announced its acquisition of Germany-based ridesharing company Flinc in 2017. “This alliance will make it easier for our customers to discover the emission-free mobility of the future.

Mobile 144

Mobile Compliance Resources Strategy 144

PYMNTS

JANUARY 2, 2019

percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market. The merger is intended to help the companies bring their products and operations to foreign markets. The mPOS Tracker is the go-to resource for staying up to date on a month-by-month basis.

Software 220

Software Fintech Marketing Resources 220

Insights on Business

AUGUST 15, 2017

A truly agile operating model. As a way of building on this disruption mindset, the company looked to platform-as-a-service (PaaS) technology, which gives more control to developers and helps conserve resources. Without the shortcut of hiring more talent, the business has been challenged to become even more innovative and disruptive.

Leadership 87

Leadership Case Study Innovation Online 87

Abrigo

NOVEMBER 9, 2022

How has CECL implementation impacted their operations and reserves for credit losses? The 2022 CECL implementation survey is the fourth such analysis since 2017 by Abrigo, which has worked with hundreds of financial institutions on CECL implementation. CECL's impact on operations. But even then, that window is closing.”

Survey 195

Survey Software Resources Meeting 195

PYMNTS

DECEMBER 4, 2018

As the centerpiece of our worldwide operations, our new headquarters reflects the company’s ongoing transformation, with a state-of-the-art workspace that promotes collaboration, innovation and sustainability,” Western Union President and CEO Hikmet Ersek said in the press release. Western Union connects people around the world every day.

Denver 108

Denver Colorado Resources Leadership 108

PYMNTS

FEBRUARY 9, 2018

8), Airmax released the results of a 2017 survey that highlighted the potential for fleet managers to save through miles per gallon (mpg) monitoring. Airmax Remote’s technology delivers complete accuracy and definitive reporting to identify fuel savings for fleet operators.”. “We In an announcement on Thursday (Feb.

Fraud 100

Fraud Cards Survey Management 100

Celent Banking

MARCH 4, 2017

It is my privilege to be part of the judging panel for Celent Model Bank Awards for 2017 for the following three categories: Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. At the moment we are staying tight-lipped about who won the awards.

Risk Management 100

Risk Management Fraud Management Case Study 100

PYMNTS

JUNE 5, 2018

APIs allow us to better manage the large volume of payments for our business and achieve critical, straight-through processing with reduced resources.” “Our business is all about fast service, so it only makes sense that we would take advantage of a payment tool that reflects our quick and convenient philosophy.

Resources 153

Resources Industry Tools Strategy 153

PYMNTS

OCTOBER 23, 2019

In just one year of study, from the year 2016 to 2017, there was a 600 percent increase in targeted attacks against IoT products. VentureBeat is reporting that the Internet of Things (IoT) ecosphere is expected to be worth $35.2 billion by 2023, and that billions of devices will be connected to the internet as well.

New York 100

New York Security Resources Study 100

PYMNTS

OCTOBER 30, 2018

Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them. For example, the number of instances in which attackers went after Social Security numbers increased eightfold between 2016 and 2017.

Training 184

Training Data Virginia Resources 184

Gonzobanker

JANUARY 16, 2018

With the publication of the 2017 Cornerstone Performance Report for Banks , we decided to look at how banks’ operational performance has changed over the past 10 years, as well. As a percentage of checking accounts, active online banking users grew 82% and active online bill payers increased 134% between 2007 and 2017.

Digital Banking 136

Digital Banking Online Fintech Mobile 136

Abrigo

JUNE 14, 2017

Donald Musso, president at FinPro, and Martin Henderek, senior financial analyst, suggest an easy-to-follow tech plan in their article Navigating the Fintech Landscape , published in the May 2017 issue of BankNews. Additional Resources Hiring headache? Learn more about how Sageworks can help your institution grow via digital channels.

Fintech 170

Fintech Software Lending Millennials 170

PYMNTS

AUGUST 13, 2019

million transactions between August 2017 and July 1, 2019, and is expected to become available to nearly all Latvian credit institution customers by 2020. In 2017, the industry was burdened by a 132 percent turnover rate for hourly workers, which some studies say could cost employers about $2,000 per worker. Read more in the Tracker.

cryptocurrency 155

cryptocurrency social media System Payments 155

PYMNTS

FEBRUARY 24, 2017

In this week’s Hacker Tracker , Simon Ragona III, director of data forensics at T&M Protection Resources , joined PYMNTS to discuss if tapping international law can actually help to keep cybercriminals at bay. Businesses Paying Up. The costs of cybercrime just keep going up — in more ways than one.

Training 171

Training Security Data Resources 171

PYMNTS

MARCH 28, 2018

The planned merger of our mobility services will pool our resources and sends a strong signal to our new competitors.”. The news comes as Daimler announced its acquisition of Germany-based ridesharing company Flinc in 2017. The planned merger is not a done deal and is subject to the approval of regulators.

Mobile 109

Mobile Resources Strategy Regulation 109

Bobsguide

APRIL 4, 2022

Before that, she spent more than 20 years at American Express in a variety of leadership positions across high-profile revenue-generating operating and marketing divisions. Prior, Lynne was Executive Vice President/Consumer Marketing + Revenue at Time Inc.

Branding 60

Branding Leadership Software Marketing Strategies 60

PYMNTS

MAY 15, 2017

“Given Aldi’s expansion, Lidl’s, entry, Wal-Mart’s response and Amazon’s growing ambitions in this space, it is fair to expect a significant acceleration in the bankruptcy and liquidation cycle in this sector over the next few years,” Burt Flickinger, managing director at retail consultancy Strategic Resource Group, told Reuters.

Retail 104

Retail Operations Groups Resources 104

PYMNTS

MAY 8, 2018

While Snap said Vollero will leave the company on May 15, his departure isn’t related to any disagreements over operations, accounting or other areas of its business. “He has done an amazing job as Snap’s first CFO, building a strong team and helping to guide us through our transition to becoming a public company.”.

Resources 100

Resources Strategy Examples Report 100

PYMNTS

DECEMBER 27, 2016

Bob Neveu , CEO of T&E firm Certify, tells PYMNTS what his predictions are for the T&E industry overall in 2017, as well as how these existing trends will continue to play out for businesses and their traveling employees. Here are two growing trends we can expect to see more of in 2017.

Trends 111

Trends Management System Resources 111

PYMNTS

APRIL 10, 2017

After Amazon announced in March that it was planning to shut down Diapers.com and all the other eCommerce sites operated by Quidsi, the company it acquired in 2010 — the online retailer has pulled all of the Quidsi apps from its app store.

Resources 100

Resources Mobile Retail Branding 100

PYMNTS

MARCH 8, 2019

In addition, the company plans to begin eCommerce operations in Japan in early summer and in Australia in late summer or early fall. For the quarter, Galanti said membership fee income came in at $768 million, up $52 million from a year ago (with a little more than $20 million related to the membership fee increases in June 2017 in the U.S.

Online 130

Online Nebraska New Jersey Miami 130