Payments Dive

AUGUST 16, 2023

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

Retail 370

Retail Cards Report 370

Perficient

AUGUST 16, 2023

Background On Friday, July 28, Heartland Tri-State Bank of Elkhart became the fourth U.S. bank to fail this year. A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart.

United States 221

United States Kansas FDIC Risk Management 221

South State Correspondent

AUGUST 16, 2023

If you were ever to pay attention to the consumer, the time is now. Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. We recently met with TransUnion, one of the sharpest firms we know when it comes to consumer credit, along with a half-dozen banks, to uncover the data and insights in

Trends 195

Trends Cards Capital Data 195

Payments Dive

AUGUST 16, 2023

E-commerce giant Amazon is leveraging its Visa credit cards to offer buy now, pay later financing at retailers using the Amazon Pay checkout button.

Retail 195

Retail Cards 195

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

BankInovation

AUGUST 16, 2023

HSBC Global Head of AI for Commercial Banking Edward J. Achtner will join the Bank Automation News webinar Global Ideas for Better Banking AI on Thursday, Sept. 14, at 11 a.m. ET. Achtner leads HSBC’s Office of Applied Artificial Intelligence with a focus on the development of responsible AI.

91

91

CFPB Monitor

AUGUST 16, 2023

Two new developments occurred yesterday in the Texas lawsuit challenging the CFPB’s final small business lending rule (Rule). First, the Texas federal district court granted the unopposed emergency motion of Texas First Bank (Texas First), Independent Bankers Association of Texas (IBAT), and Independent Community Bankers of America (ICBA) seeking leave to intervene in the lawsuit. .

Texas 78

Texas Community Community Bank Lending 78

Payments Dive

AUGUST 16, 2023

The installment payments company is going private after signing an agreement with Motive Partners for a $50 million investment.

Payments 195

Payments Company 195

CFPB Monitor

AUGUST 16, 2023

In remarks delivered yesterday at a roundtable convened by the White House on protecting Americans from harmful data broker practices, CFPB Director Chopra announced that the CFPB plans to propose a rule under the Fair Credit Reporting Act (FCRA) to address the practices of data brokers. In connection with Director Chopra’s announcement, the CFPB i ssued FAQs about its rulemaking plans. .

Data 78

Data Regulation Report 78

BankUnderground

AUGUST 16, 2023

Kim Nyamushonongora and Oscar Spencer 99.9% of UK businesses are small and medium-sized enterprises (SMEs), employing 61% of the UK population. Yet, we know so much more about large businesses, how they function and particularly how they finance themselves. SMEs have been referred to as the backbone of economies around the world. Therefore, SME’s access to finance is systemically important.

Lending 76

Lending Regional Cards Company 76

Advertisement

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

TheGuardian

AUGUST 16, 2023

‘Technical issue’ allowed transfers and withdrawals beyond customer limits and made online banking unavailable Bank of Ireland has apologised for an IT glitch that meant some customers were able to withdraw money they did not have in their accounts at cashpoints. The bank said it had resolved the “technical issue”, which had also allowed transfers beyond customer limits and had made its online banking and mobile app services unavailable.

Online 75

Online Mobile 75

American Banker

AUGUST 16, 2023

The Truist Leadership Institute is part of a growing corporate leadership-training industry that says it's focused on creating more empathetic leaders. But critics decry the institute's blurring of personal and professional boundaries, and question its scientific backing.

Leadership 69

Leadership Training Industry 69

BankInovation

AUGUST 16, 2023

Card-issuing fintech Marqeta announced earlier this month that it has secured a four-year extension of its contract with digital payments company Block to power that company’s Cash App card.

Cards 52

Cards Fintech Security Payments 52

American Banker

AUGUST 16, 2023

Merchants may rake in 14% to 200% more revenue from consumers who forgot to cancel online subscriptions paid for by credit and debit cards, according to a new study based on anonymized consumer transaction data.

Study 68

Study Cards Online Data 68

Advertisement

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

Report

BankInovation

AUGUST 16, 2023

Payments behemoth Visa has expanded its strategic collaboration with payments fintech Conferma Pay to improve its Visa Commercial Pay suite of B2B payment solutions.

Payments 52

Payments Strategy Fintech Cards 52

American Banker

AUGUST 16, 2023

Banks need to rethink their relationships with customers for an era in which transitioning to a new financial services provider carries far fewer costs.

Customer Experience 69

Customer Experience Fintech 69

The Paypers

AUGUST 16, 2023

Versatile Credit , a credit aggregation for merchants and lenders, and Nationwide Marketing Group (NMG) have launched a consumer financing portal in collaboration with Wells Fargo.

Groups 36

Groups Marketing 36

American Banker

AUGUST 16, 2023

Higher interest rates and increased competitive pressure from captive finance companies cut into vehicle lending at credit unions in the second quarter.

Lending 69

Lending Company 69

Advertisement

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

The Paypers

AUGUST 16, 2023

Cloud banking and digitalisation partner for microfinance Musoni System has partnered with Open Finance company Brankas to enhance credit scoring and corporate financing in Asia.

System 36

System Company 36

American Banker

AUGUST 16, 2023

Bank of Ireland ATM glitch spurs mistaken withdrawals, Stablecoin issuers get rules in Singapore, ANZ is looking for money mules, and more.

ATM 69

ATM Regulation Compliance Payments 69

Image Works Direct

AUGUST 16, 2023

Meet Allie Habeck, one of our copywriters at image.works! She grew up in Wausau, WI, and attended the University of Wisconsin – Milwaukee, earning a Bachelor of Science with Honors in English with an emphasis in Creative Writing and a minor in Journalism, Advertising and Media Studies, which she has skillfully applied at image.works.

Milwaukee 36

Milwaukee Wisconsin Study Meeting 36

American Banker

AUGUST 16, 2023

Software can help banks move computing workloads to geographic regions where clean energy is available.

Regional 69

Regional Software Technology 69

Advertisement

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

The Paypers

AUGUST 16, 2023

GoCardless , a bank payments company, has partnered with financial operations platform Kolleno , to enable financial officers and credit controllers to schedule and automate their invoice collection.

Operations 36

Operations Payments Company 36

American Banker

AUGUST 16, 2023

The credit card company is no stranger to regulatory penalties, but its CEO's sudden departure this week raises the specter of a more painful punishment tied to possible compliance shortcomings. Analysts are hoping to get clarity Thursday on how bad things could get.

Compliance 36

Compliance Cards Company Regulation 36

The Paypers

AUGUST 16, 2023

Global issuer-processor Paymentology has announced its extended partnership with Mastercard to improve financial inclusion across Guatemala, Honduras, and El Salvador.

36

36

American Banker

AUGUST 16, 2023

The Pittsburgh company has tapped the U.S. blue-chip bond market for the second time since the banking crisis in the spring. Companies are hurriedly raising capital before the cyclical summer slowdown that typically kicks in toward the end of August.

Capital 36

Capital Marketing Company Compliance 36

Advertisement

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

Compliance