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Deposit Profitability – The Operating Cost of Your Deposits

South State Correspondent

A couple of weeks ago, we delved into the origination and operating costs of manufacturing commercial loans ( HERE ). Cost of Deposit Sales and Marketing. To derive the foundation of deposit profitability, you start with your sales and marketing costs. The final takeaway is that bankers usually spend too much on marketing CDs.

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Why N26 Is Keeping Fraud Top Of Mind In The US Market

PYMNTS

Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however. It is thus imperative that those seeking to expand into new markets adjust their fraud protection strategies to better fit local customer needs. Bringing a global fraud approach to a new local market. operations.

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PetSmart Acquires Leading Online Pet Food Retailer

PYMNTS

PetSmart is boosting its digital offerings through the acquisition of Chewy, the leading online retailer of pet food and products. According to Chain Store Age , PetSmart has entered into a definitive agreement to buy Chewy, which offers a wide selection of products for pets.

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Online Gambling: Why Disbursement Options Are Not Keeping Up With Customer Expectations

PYMNTS

Many are instead flocking to online gambling sites after the closure of all 989 commercial and tribal casino properties in the U.S. However, it can take a long time for online players to collect funds, unlike at casinos, where consumers can instantly collect winnings in cash. payments market is behind that of Europe, but U.S.

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ATM Withdrawals Lead To Online Drug Ring Bust

PYMNTS

via Dream Market, the dark web bazaar. Over the course of their operation, the men shipped more than 1,000 packages to buyers in 43 states, and laundered $2.3 “It is definitely a significant arrest.” million in cryptocurrency. All three men have pleaded not guilty. “To

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How Small Online Sellers’ Global Ambitions Complicate Cash Flow

PYMNTS

In many ways, eCommerce has democratized the market for small sellers, a group that can now easily reach a global base of potential customers. But that trend has, in some cases, made those same small- and medium-sized businesses (SMBs) less able to access the financing they need to take advantage of the global market.

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Press Release: BankBazaar Marks Third Year of Growth; Hits Rs. 215 Crore Revenue

BankBazaar

BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 Strong bank partnerships have significantly bolstered BankBazaar’s position in the market.