PYMNTS

OCTOBER 29, 2020

And Visa’s earnings report revealed a rebound in consumer spending. Mastercard Q3 Shows Impact Of Cross-Border, Travel Spend Slump. Mastercard’s third-quarter results show a bit of resurgence in debit spend. But cross-border volumes and spending show the headwinds of the pandemic.

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Payments Course Report Management 163

PYMNTS

OCTOBER 19, 2020

The shift away from legacy payments processes was well underway before the pandemic, but COVID-19 is creating fresh urgency to move to cloud-based digitized systems, David Disque , president at CSI (Corporate Spending Innovations) told Karen Webster in a recent conversation. Disque said office shutdowns have “created a lot of havoc. …

Payments 276

Payments Fintech System Cards 276

PYMNTS

OCTOBER 7, 2020

Their new British card program was created as part of a current relationship between the two firms that encompasses a co-branded program in the United States and an international card acceptance relationship. It also offers a membership that offers a welcome amenity at check-in at some hotels and suite upgrades. “As

Cards 248

Cards Innovation United States Branding 248

PYMNTS

NOVEMBER 19, 2020

Citi and Mastercard are teaming up as network partners for the digital checking and savings account Citi Plex on Google Pay, available for both Android and iOS. . Alpesh Chokshi, head of business development, Citi Global Consumer Bank, said in a statement on Wednesday (Nov.

Google 284

Google ATM America Digital Banking 284

South State Correspondent

DECEMBER 8, 2023

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Strike early and often to keep the customer building their relationship with your bank. However, this was the most common structure.

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Conference Retail Community Bank Technology 195

PYMNTS

JUNE 26, 2020

We have deep dives on faster worker pay as well as cloud banking and news on WhatsApp’s payment functionality in Brazil. The Bank of China is one of over 12 commercial banks that lent to the German payment through a facility, and the move could present a mortal danger to Wirecard. Top News . Trackers And Reports .

Apple 231

Apple Payments Meeting Conference 231

PYMNTS

AUGUST 4, 2020

Where once the marquee names in tech (and no shortage of FinTechs) jockeyed for primary banking services relationships, an increasing number of partnerships are now taking shape. To that end, BBVA was one of six banks that said on Monday (Aug. To that end, BBVA was one of six banks that said on Monday (Aug.

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Google Digital Banking Course Branding 298

PYMNTS

DECEMBER 24, 2020

Then, the pandemic hit, and suddenly the paper check was no longer viable in a work-from-home environment. Indeed, as several chief financial officers (CFOs) told PYMNTS in recent months, no longer could AP personnel be in the office to cut checks, nor could AR professionals be in the office to receive them.

Payments 282

Payments Tools Innovation Cards 282

PYMNTS

OCTOBER 21, 2020

Unfortunately, the traditional alternative of printing out paper checks and having professionals stand in line for expensive check-cashing services has led to too many workers paying too much to access hard-earned money, according to Adam Sohn, chief growth officer at SHRM (Society for Human Resource Management).

Cards 141

Cards Resources Tools System 141

PYMNTS

SEPTEMBER 23, 2020

Piatt noted that FIs have come up with a variety of solutions, like beefing up call centers or creating drive-thru-only banking services. consumer savings] ever, and they have to figure out how to drive their noninterest income and get folks spending,” Piatt said. Simple: Start with the cards.

Cards 283

Cards Meeting Mobile Digital Strategies 283

PYMNTS

DECEMBER 9, 2019

9), Nexus revealed plans to connect MRI Software customers to AP functionality, allowing users to pay their suppliers via check, ACH or Nexus Virtual Card while supporting custom payment terms. They have four ERPs, 10 banks they work with, 120 banking accounts,” she explained of the industry’s biggest AP pain points. “A

Software 141

Software Analysis Cards Payments 141

PYMNTS

JUNE 13, 2019

To help reimagine the traditional banking experience, digital banking and payments processing technology and infrastructure provider i2c is teaming with Zero. i2c’s platform gives companies like Zero the ability to offer access to a fundamentally modern and differentiated financial services relationship.

Cards 144

Cards Financial Technology Technology Digital Banking 144

PYMNTS

DECEMBER 11, 2020

Trillions of dollars in healthcare spend can be sped up and streamlined with a pivot toward eChecks. As for the paper checks themselves, even in the 21st century: They can account for as much as 40 percent of all medical claim payment transactions and 88 percent of all dental claim payments. The Mechanics .

Payments 167

Payments Security System Cards 167

PYMNTS

DECEMBER 8, 2020

million in a funding round to go toward the startup's goal of providing a way for third parties to integrate banking services through an application programming interface (API), according to a report from TechCrunch. The lack of a bank presence often forces some consumers to use expensive services for money transfers or check cashing.

Report 150

Report Company Innovation Payments 150

Gonzobanker

MAY 23, 2022

Banks and credit unions should be developing intentional strategies to counter the loss of overdraft fee income. Momentum is growing for banks and credit unions to eliminate or significantly reduce overdraft fees, and many institutions are hard at work planning for how to navigate this revenue transition. Market Debit Card Spend.

Cards 142

Cards Strategy Marketing Digital Banking 142

Gonzobanker

NOVEMBER 30, 2023

Deposit retention and growth is strategic priority #1 in the banking industry today. Finding growth has been a rough slog for banks and credit unions throughout 2023. Since the peak in the second quarter of 2022, deposits in the banking industry decreased $774 billion as of Q3.

Strategy 158

Strategy Industry Lending Marketing 158

PYMNTS

SEPTEMBER 29, 2020

Getting suppliers funds quickly has gained importance during the COVID-19 pandemic, and the time it takes paper checks to travel through the mail is not cutting it for many vendors,” the new Tracker states. Additionally, “Twenty-eight percent said staff spend as much as 20 hours per week on such work. New Partners And Smarter Tools.

Tools 166

Tools Payments Security Survey 166

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

PYMNTS

MARCH 13, 2020

The era of “challenger” banks has seen many grand promises in terms of innovating on the old banking model to provide consumers with something more modern, responsive and customized. They’ll also see a lot of fees that consumers associate with traditional banks (monthly account fees, overdraft charges, etc.)

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US Management System Maine 192

PYMNTS

NOVEMBER 24, 2020

Reid noted that, although there are no upfront fees for making payments by checks, there are glaring inefficiencies tied to payments made by paper means. Against that backdrop, he said, the “sweet spot” of virtual cards comes along what he termed that “long tail of supplier spend.”

Cards 181

Cards Fraud Payments Millennials 181

PYMNTS

JANUARY 28, 2020

In the Next-Gen AP Automation Tracker , PYMNTS examines how banks can educate firms and vendors on the benefits of virtual cards, and weave the input of all the stakeholders into the implementation. Bank Uses Customer-Centric Strategy To Smooth Virtual Card Integration. Across The Next-Gen AP Automation Space. Card issuer U.S.

Cards 143

Cards New Jersey Texas System 143

PYMNTS

DECEMBER 2, 2020

This week's Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed to enhance spend management and help SMBs access credit during turbulent times.

Cards 163

Cards Fintech Innovation Management 163

PYMNTS

AUGUST 26, 2019

The rise of the gig economy and the popularity of remote work are among the factors that are laying bare the need for better spend management systems and technology. Bank study found that poor cash-flow management contributed to the failure of 82 percent of SMBs and that insufficient initial capital caused 79 percent of them to falter.

Management 109

Management Analysis System Mobile 109

PYMNTS

OCTOBER 8, 2019

Reliance on outdated practices — including paper checks, manual data entry and payment processing, and even fax machines and snail mail — creates major speed bumps, and introduces opportunities for human error. Delays related to these practices can result in strained relationships with vendors, and interruptions in cash flow.

Cards 135

Cards Data Technology Tools 135

Perficient

DECEMBER 21, 2020

You can plan to have extra time, but you can’t bank it and use it later. By options with time, it’s about how you choose to spend it. You can spend it on work, sleep, play, watching TV, or visiting with loved ones. If you budget your time appropriately, you can spend it enriching your life and well-being.

Management 558

Management Exercises Meeting Guidelines 558

Gonzobanker

OCTOBER 27, 2022

It’s time for innovative banks and credit unions to redesign checking — fast. While there is no modification to requirements related to interchange fees, this change will negatively impact banks’ and credit unions’ payments revenue and, likely, increase their fraud-related costs. There’s Plenty of Prep Work to Be Done.

Cards 78

Cards Fraud Regulation Trends 78

PYMNTS

DECEMBER 14, 2020

We never use a soft or hard credit check. While it can be argued whether BNPL plans are risky or cause people to spend more, what can’t be denied is the newfound popularity and convenience of the season’s hottest payment choice. “The million U.S. merchant referrals it did on Black Friday alone. “We Demographic Demand.

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US Retail Cards Millennials 322

PYMNTS

DECEMBER 21, 2020

Consider the fact that as far back as the summer of 1995, the Harvard Business Review noted that companies spend millions of dollars to develop loyalty programs, without much insight returned. And now, in the age of the mobile phone, where we use devices to get offers, manage spending and redeem points, the question still stands.

Data 296

Data social media Tools Analytics 296

South State Correspondent

JANUARY 30, 2023

Banking schools don’t teach it, conferences don’t showcase it, and internal bank educators no longer train in the discipline. It is ironic as no other banking endeavor can build long-term franchise value like deposit gathering. The art and science of optimized deposit gathering is a declining skill set among bankers.

Resources 195

Resources Training FDIC Strategy 195

PYMNTS

JANUARY 24, 2020

Gig economy payment processes are check-heavy, and the associated delays can have disastrous consequences for both recipients and their partner companies. Late payouts can strain relationships between the two, to the point where workers will abandon frustrating platforms for more convenient competitors.

Payments 142

Payments Maine Examples Study 142

PYMNTS

DECEMBER 15, 2020

But he said the pandemic is “a catalyst for accelerating digital offerings” — and for transforming the very nature of in-person banking, even though boosting brick-and-mortar efforts might seem counterintuitive in the pandemic’s wake. The mega-banks are spending billions [on] the digital experience.

Course 186

Course Cards Fraud Mobile 186

PYMNTS

JULY 2, 2020

consumers to shift as much as $100 billion in annual spending from credit to debit cards. Banks are also trying to help consumers who apply for new cards to be able to more quickly use them. The cards come with parental controls and could allow issuers to engage customers early in their lives to form a long-lasting relationship.

Fraud 222

Fraud Cards Florida Trends 222

Jeff For Banks

JUNE 25, 2020

I also hear that silos are a problem in banking. Yet Marketing is frequently held to account for the ROI of the checking or home equity campaign. There must be an integrated, cross functional approach to acquiring, onboarding, and serving customers well to deepen relationships and turn them into champions of your brand.

Marketing 78

Marketing Trends Survey Management 78

Gonzobanker

FEBRUARY 11, 2021

FIs’ renewed focus on revenue generation, vendor relationships and new product development is great – but someone needs to be leading it. There’s a saying that “some things never change,” and when it comes to mid-size banks’ and credit unions’ technology priorities, there’s some truth there. The common thread: revenue generation.

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Lending Fintech Technology System 128

PYMNTS

NOVEMBER 23, 2020

Banks, merchants, issuers, processors — they’re all locked in combat with shadowy fraudsters that gain system access via phishing emails as easily as mice sneak into old houses. Digital payroll tools are proliferating as workers and consumers steer financial institutions (FIs) and adjacent operators with preferences and spending power.

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System Management Tools Cards 165

South State Correspondent

JULY 24, 2023

We studied the movie’s playbook and uncovered some lessons banks can use. Setting The Context We will stipulate that your bank isn’t as iconic as the Mattel fashion doll that was introduced in 1959. We will also stipulate that you don’t have $100mm to spend on a marketing budget. However, these facts matter little.

Marketing 195

Marketing social media Branding Apple 195

PYMNTS

OCTOBER 12, 2018

Working with a debit product linked to a corporate checking account, he found, wasn’t really an improvement, as it would be a card and it would be a product that only he could use. And, he noted, they had money to spend — $120,000 in the bank. They just couldn’t find a card product to help them spend it.

Cards 144

Cards California Maine Capital 144