Payments Dive

DECEMBER 8, 2023

Sen. Dick Durbin took to the Senate floor Thursday to push for a vote on the Credit Card Competition Act, taking a swipe at United Airlines along the way.

Cards 471

Cards 471

Perficient

DECEMBER 6, 2023

In recent years, the Consumer Financial Protection Bureau (CFPB) has significantly broadened its oversight, extending beyond major banks to address concerns in various industries, such as payday loan providers, credit reporting agencies, and most recently, the medical debt collection sector. The CFPB’s Dynamic Approach The CFPB’s modus operandi often involves proactively addressing potential issues through press releases ahead of engaging in enforcement actions.

Industry 221

Industry Compliance Exercises Regulation 221

Accenture

DECEMBER 5, 2023

It’s an open secret in payments that the commercial client experience is often second-class, far surpassed in both innovation and investment by consumer offerings. For years this disparity didn’t reach the bottom lines of incumbent payments providers, but our new research, Reinventing commercial payments for profitable growth, suggests it’s now creating competitive vulnerabilities.

How To 233

How To Payments Innovation Trends 233

Abrigo

DECEMBER 5, 2023

Good BSA Officer can be hard to find. Here are a few qualities to look for when you are evaluating candidates for your next BSA Officer. You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." Watch webinar Takeaway 1 BSA Officers are the frontline defenders against financial crimes in banking institutions, and hiring the proper skill set for each BSA position is critical.

Training 221

Training Compliance Regulation Software 221

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

Payments Dive

DECEMBER 5, 2023

The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.

Groups 397

Groups Data Payments Company 397

CFPB Monitor

DECEMBER 7, 2023

The Office of the Comptroller of the Currency (OCC) has issued a bulletin (2023-37) that provides guidance on managing risks associated with “buy now, pay later” (BNPL) lending. The BNPL loans addressed in the bulletin are loans that are payable in four or fewer installments and carry no finance charges. The bulletin cautions banks about the risks to banks and consumers associated with BNPL lending. .

Lending 167

Lending Management 167

Gonzobanker

DECEMBER 7, 2023

It’s time for banks and credit unions to finally execute those C&I lending priority initiatives. Senior bank and credit union executives have ranked commercial and industrial (C&I) loans as a top lending priority over the past several years in Cornerstone Advisors’ annual What’s Going On in Banking research. But further analysis shows the execution is not measuring up.

Lending 156

Lending Analysis Strategy Management 156

Payments Dive

DECEMBER 6, 2023

The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.

Cards 397

Cards Apple Report 397

South State Correspondent

DECEMBER 5, 2023

Most borrowers have a rudimentary understanding of interest rates, the yield curve, forward rates, and forward premiums. Commercial bankers are trusted advisors and have a unique opportunity to understand their client’s specific financial and personal situations, explain the basic concepts of capital markets, and offer prudent and objective advice to help customers reach their goals.

Lending 195

Lending Marketing Capital Community Bank 195

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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

CFPB Monitor

DECEMBER 6, 2023

The Consumer Financial Protection Bureau has sent a letter to the California Department of Financial Protection and Innovation (DFPI) commenting on the DFPI’s proposal that would require providers of “income-based advances” to register with or obtain a license from the DFPI and comply with the fee and interest rate limits of the California Financing Law (CFL).

California 148

California Innovation 148

BankBazaar

DECEMBER 8, 2023

Do you have a toxic aunty in the family? You know, the one that hints around about finances or keeps asking why you’re not married yet? Yes, you know who we’re talking about! Come to think of it, maybe ‘anti’ is derived from the word ‘aunty’! Who knows? So, this ‘AUNTY-Corruption Day ’, here’s a poem to show you how not to be a shady aunty! On this Anti-Corruption Day, here is a tale, Of Credit Cards and scores , with a humorous trail.

Cards 146

Cards Online Management 146

Payments Dive

DECEMBER 7, 2023

Jettisoning Venmo from the retail juggernaut’s marketplace is another strike against PayPal’s recent growth efforts.

Retail 415

Retail 415

ATM Marketplace

DECEMBER 8, 2023

Self-service technology allowed operators to allocate employees to mission-critical tasks while ATMs and cash recyclers handled traditional transactions. Still, the specter of replacing human workers with machines has hung over the self-service trend.

ATM 120

ATM Trends Operations Technology 120

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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

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CFPB Monitor

DECEMBER 6, 2023

We previously reported and released a podcast episode on comments that we and Professor David Sherwyn of Cornell University submitted in opposition to the Petition for Rulemaking filed by a number of consumer advocacy groups urging the CFPB to prohibit pre-dispute consumer arbitration clauses and allow only post-dispute clauses. Among other things, we argued that the rule proposed by the Petitioners would be prohibited by the Congressional Review Act (CRA) because it is substantially the same

Groups 97

Groups Report 97

Jack Henry

DECEMBER 5, 2023

We heard it often onstage at Jack Henry Connect: Today’s accountholders have a lot of options, and it’s not just banks or credit unions you’re competing against anymore.

Digital Banking 97

Digital Banking Lending 97

Payments Dive

DECEMBER 4, 2023

Leaders are confronting growing challenges across their payment operations.

Payments 396

Payments Fintech Operations 396

ATM Marketplace

DECEMBER 7, 2023

In Episode 427 of Breaking Banks Podcast Brett King hosts Mark Aldred about next gen branches and the continued need to adapt. Then Silvia Garzarelli Doria at Banca Carige talks about the launch of its fully digital branches using Auriga's #NextGenBranch solutions.

Industry 105

Industry 105

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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

Realwired Appraisal Management Blog

DECEMBER 5, 2023

Some Chief Appraisers were thrown into their role. The role carries significant responsibilities, as it directly impacts a bank’s risk assessment and lending decisions. Some lacked an appraisal background which added a steep learning curve. Also, what does success look like for a new Chief Appraiser?

Lending 105

Lending 105

CFPB Monitor

DECEMBER 5, 2023

We are very proud to share the news that in a recent analysis by Good2bSocial, which measured reach and engagement, our Consumer Finance Monitor Podcast ranked highest among law firm podcasts devoted exclusively to consumer financial services. Good2bSocial is a consulting firm that advises law firms on how to use social media effectively.

social media 88

social media Analysis How To 88

Payments Dive

DECEMBER 4, 2023

The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.

US 259

US Fintech Retail Operations 259

ATM Marketplace

DECEMBER 7, 2023

WWS Fill4Me is the solution that extends the bank's operations to unstaffed channels such as self-service devices including ATMs, advanced ATMs and ASSTs.

ATM 111

ATM Operations 111

Advertiser: Data Robot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

Marketing

Commercial Lending USA

DECEMBER 5, 2023

Commercial construction loans are a type of financing used to fund the construction of commercial properties such as office buildings, retail centers, industrial facilities and large residential multi units projects.

Retail 98

Retail Industry Lending 98

TheGuardian

DECEMBER 4, 2023

A number of community organisations say they were left struggling after bank closed or froze accounts ‘without warning’ Some charities, churches and other community groups have described being thrown into financial disarray after Barclays shut or froze their bank accounts without warning. Several of the organisations affected, which include charities helping young people, and a Methodist church in the midst of significant building works, have banked with Barclays for over 20 years.

Community 103

Community Groups 103

Payments Dive

DECEMBER 5, 2023

The Federal Trade Commission is scheduled to hear from six industry organizations concerned about a proposed rule that would crack down on automatically renewing subscriptions.

Industry 221

Industry 221

ATM Marketplace

DECEMBER 5, 2023

What do customers actually want from banks? Do they still want branches? To answer this, TD Bank did a survey to gauge what makes customers tick.

Survey 102

Survey 102

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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.

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