PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Five Star Bank Taps Corserv Card Tech. Finastra Chosen by Community FI.

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Community Bank Community Fintech Regional 242

PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury.

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South State Correspondent

AUGUST 10, 2023

Banks will move that money from a “master account” via an internal transfer, wire, ACH, card, or other rail to the appropriate destination later that day. Thus, most transactions in the bank require four debits and credits happening at different times. These debits and credits, plus their inherent processes, happen in sequential order.

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South State Correspondent

OCTOBER 4, 2023

In this article, we will show you 15 proven deposit marketing campaigns that will rack up deposit-gathering wins while building a high-performing bank in the process. You can’t get ten triple-digit project ROIs in a row in lending, credit, mortgage, wealth, insurance, or several other areas. Marketing can.

Marketing 195

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PYMNTS

SEPTEMBER 23, 2019

Last week’s launch of the Mastercard Track Business Payment Service, designed to automate payments between the world’s suppliers and buyers, is just one sign that B2B payments are changing. This digital shift hasn’t affected all businesses equally, though. How Virtual and Purchasing Cards Can Help. In the U.S., In the U.S.,

Industry 169

Industry Cards Software Phoenix 169

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. That said, smart banks will make growth a byproduct and ensure they have all their other processes right. on the dollar due to higher credit risk.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

AUGUST 9, 2020

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press release says. Agora SMB will offer its users new options for unlimited plastic and virtual cards for employees.

Tools 168

Tools Community Bank Community Taxes 168

PYMNTS

OCTOBER 25, 2019

As it stands, many larger banks — and even mid-sized banks — tap into treasury management solutions for two reasons. And, on the lending side, to the extent that a bank is offering both a loan and treasury management services to a corporate, they have the entire relationship with that particular customer. percent to $3.6

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PYMNTS

OCTOBER 28, 2020

But in a panel discussion with Mike Massaro , CEO of Flywire , four executives from various verticals — from freight management to banking — discussed how pressure points are spurring a shift to digital processes. TripActions is focused on travel management, Cohen said, and also was hit hard as travel came to a standstill.

Payments 242

Payments Management Software Google 242

PYMNTS

AUGUST 30, 2019

Less than three years after the November 2016 launch of application programming interfaces (APIs) through CitiConnect , Citi said this month that its corporate treasury APIs and platforms have processed more than $26 billion for enterprise clients. Their distribution changes, and their supply chains change.”.

Operations 101

Operations Data Management Payments 101

PYMNTS

DECEMBER 30, 2019

Unlike a small business, the middle market typically holds a lower-risk profile with steady profits and strong growth. Yet, according to Kris Carrera, general manager and business line executive of Credit Payments at FIS , the middle market is often underserved — particularly when it comes to commercial card products.

Cards 132

Cards Marketing Tools Management 132

PYMNTS

DECEMBER 4, 2020

Banking as a Service (BaaS) is poised to change the end user experience of corporates as they navigate the daily challenges of cash flow management, supply chain activity and the need to become digital-first. Elsewhere, StreetShares raised $10 million to expand small business lending technology for banks and credit unions.

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Lending Meeting User Experience Innovation 224

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. economy is proving to be a tailwind for faster payments and processes. That said, the U.S. The Three Is .

Payments 245

Payments System Innovation Management 245

PYMNTS

SEPTEMBER 29, 2020

PYMNTS’ CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata tracks the changes in corporate treasury management that were already happening but are far more pronounced thanks to the global pandemic and its lingering effects. That leads to operational inefficiencies that set CFOs’ teeth grinding.

Tools 166

Tools Payments Security Survey 166

PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Cards 133

Cards Innovation Data Payments 133

PYMNTS

APRIL 11, 2017

When Amazon announced the launch of its B2B service, Amazon Business, in the U.K. earlier this month, Visa simultaneously revealed that it is working with Amazon Business to link its commercial cards within Amazon Business to help clients manage expenses and spending.

Cards 100

Cards America Tools Data 100

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Faster Payments. Open Banking.

Data 156

Data Payments Fintech Trends 156

PYMNTS

NOVEMBER 5, 2019

That is to say, as organizations expand on an international scale and reach new customers, those businesses must allow consumers to pay the way they want for the optimal end-user experience. What’s really happening is that a lot of our customers are looking at changing their business models,” Kohli explained. Direct-to-Consumer.

Management 106

Management Payments Strategy Trends 106

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. And all this, by the way, while keeping credit, efficiency and earnings solid. For decades many thought it would never happen but now America’s Credit Unions is becoming a reality. We are in awe.

Fintech 195

Fintech Community Regional Technology 195

Abrigo

JANUARY 3, 2024

Takeaway 3 Business customers and members need help understanding the changes tied to ownership reporting. The latest final rule on beneficial ownership information (BOI) reporting gives financial institutions and their business clients more details about what’s required. Department of Treasury 2. Effective Jan.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

SEPTEMBER 24, 2019

by 2020, according to some projections , keeping such companies busy in both residential and commercial applications. Field-based supervisors and contractors frequently wind up footing the bill for work-related costs, and lengthy reimbursement processes can put undue strain on individual workers and projects.

Cards 100

Cards Payments System Management 100

Accenture

APRIL 21, 2017

A recent Accenture roundtable discussion concluded that European banks have the opportunity to develop innovative transaction banking offerings using virtual accounts, such as virtual cash management, to address changing market needs and create new business models.

Management 200

Management Innovation Taxes Marketing 200

South State Correspondent

FEBRUARY 14, 2022

Part of the challenge with commerce today is that an individual or business does not have a central storage place for the assets they own or the assets they have purchased in the past. Access is limited, and companies like CoreLogic and Autobureau have whole business models around making the information easily obtainable.

blockchain 195

blockchain cryptocurrency Data Payments 195

Abrigo

OCTOBER 28, 2020

Credit card loans carry a higher rate presumably due to larger losses on credit extensions. Rest assured, though, the same process we use today to deal with extra liquidity on hand is the exact same approach we take when liquidity is not as plentiful. In that case, maybe you can make and sell the loans.

Lending 195

Lending Risk Management Management Community 195

CFPB Monitor

NOVEMBER 22, 2022

The Treasury Department has released a report entitled “ Assessing the Impact of New Entrant Non-bank Firms on Competition in Consumer Finance Markets.” The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. treasuries. Acronym of the Year – CCCA (Credit Card Competition Act). Merger (MOE) of the Year: Credit Union. Goes to investing in U.S.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

APRIL 30, 2019

This challenge often emerges with small businesses (SMBs) that are not large enough to fit into a bank’s corporate and treasury services unit, and are, therefore, forced into being serviced with consumer-targeted products. “A lot of them process 50 to 200 bills a month — it really is like running a business.”

Management 153

Management Fraud Security Examples 153

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits. Treasurers See Faster Payments Benefits.

Payments 109

Payments Community Bank Community Survey 109

PYMNTS

APRIL 1, 2019

The Apple Card Arrives. When Apple Pay rolled out nearly half a decade ago, Tim Cook touted its ability to replace the plastic card. As of last week, Apple seems to have reconsidered that notion, rolling out a credit card all its own. The new card product also received some particularly tough reviews.

Apple 100

Apple Data Cards Payments 100

PYMNTS

APRIL 7, 2020

You could say that Friday’s (April 3) rollout of the $350 billion small business relief Paycheck Protection Program (PPP), part of the $2 trillion CARES Act stimulus package, went less than smoothly when it started. Are you kidding me @BankofAmerica with this requirement of having a credit card to apply for the PPP?”

America 144

America social media System United States 144

PYMNTS

MAY 3, 2017

I want to thank my colleagues on the committee for doing the right thing and sending a message that we will not do business with companies that engage in unethical business practices.”. Wells Fargo said it accepted the decision and will help Citizens with the transition, reported CNBC. “We

Philadelphia 111

Philadelphia Policies Course Report 111

Accenture

MAY 22, 2019

I am excited to have Tim O’Donnell join our Payments team as a managing director and draw on his insights in developing this blog. As a result, most bank business interactions are the same as they were 20 years ago. Customer experience mastery is core to their business models. No cash, check or credit card required.

Payments 150

Payments Customer Experience Survey Capital 150

Perficient

FEBRUARY 16, 2023

What is ServiceNow Financial Services Operations (FSO): Financial Services Operations (FSO) is an out-of-box offering by ServiceNow utilizing its existing platform custom-tailored to the use cases for Financial Institutions providing a comprehensive solution for managing operations end-to-end.

Operations 474

Operations Industry Compliance Management 474

PYMNTS

MAY 11, 2020

In PYMNTS’ May 2020 Disbursements Tracker® done in collaboration with Ingo Money , an assortment of methods are assessed for their value in getting CARES Act payouts to people and businesses faster, at a decisive moment for the United States and its legendary economy. Betting on Faster Payments. 6321 “… proposes that U.S.

CA 130

CA United States Payments Mobile 130

Gonzobanker

JANUARY 4, 2022

In June 2021, following Ally Bank’s announcement that that it would no longer charge its customers an overdraft fee, I published an article titled, “ It’s Time To End Overdraft Fees (And Chase Bank Is Just The Bank To Do It) ,” in which I speculated: “Banks and credit unions will wait and see who else eliminates overdraft fees.

Trends 190

Trends Fintech social media Strategy 190

Independent Banker

DECEMBER 31, 2021

Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. Fortunately for Red River Bank, loan demand is picking up in Louisiana as cities stabilize from the pandemic and businesses reopen.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

MARCH 17, 2020

Treasury will issue payments to millions of Americans via paper check, delivered in an envelope by the United States Postal Service (USPS). Electronic filing can speed up the entire process considerably, the IRS says, but it’s still a long way from instant money or anything close to that – and consumers are noticing.

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Taxes United States Millennials Payments 130