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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks. billion in losses reported.

Fraud 195
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Digital investments and the growth of regional credit card issuers

Accenture

Guest blogger Tripp Gavin and Frank Martien examine the role technology investment has played in helping smaller banks grow faster than their larger counterparts. regional credit card issuers have grown receivables by nearly nine percent, with the largest growth within this group being double digit. In the past 12months, U.S.

Regional 150
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Currencycloud Links Regional Banks To X-Border B2B Tech

PYMNTS

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”.

Regional 181
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EU Industry Trade Group Warns 5G Delays Will Hurt Competition, Profits

PYMNTS

The chairman of a European industry trade group has warned the uneven rollout of 5G wireless technology could hurt companies. The ERT is composed of 55 of the region’s largest industrial and technological companies who have combined annual revenues of more than 2 trillion euros ($2.4 In a tweet Friday (Sept.

Industry 216
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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. What makes the group different in how they receive information? What types of digital technology should you employ to meet the needs of each generation?

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Castles Technology Buys Spire Payments

PYMNTS

Global payment solutions provider Castles Technology has acquired Spire Payments , a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct. Castles Technology customers will benefit from having a local presence and more access to the new technology. 1) press release.

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Nexi Group expands its brand into the DACH region

The Paypers

European payment technology company Nexi has revealed its plans to extend its brand presence into the DACH region.