Perficient

FEBRUARY 17, 2023

In the first two blogs in this series, Getting Started On Embedded Finance and Embedded Finance: Bolstering Brand Experiences, we defined embedded finance and looked at the goals and strategies that firms should take at the outset of their modern embedded finance journey, as well as how and why firms should consider getting embedded banking.

San Francisco 275

San Francisco Cards Online Payments 275

BankBazaar

SEPTEMBER 28, 2023

Convert your YES BANK-BankBazaar FinBooster Credit Card transactions into affordable EMIs and keep your spending tension-free! View retail stores in your city View online partners Key Benefits Zero documentation Low processing fees Repayment options available from 3 months to 24 months Easy conversions of transactions from as low as Rs.

Cards 78

Cards How To Retail Online 78

PYMNTS

DECEMBER 27, 2020

The second trial of digital yuan by the People's Bank of China has concluded, resulting in hundreds of thousands spent on eCommerce retail, food delivery and ride-sharing, The Wall Street Journal (WSJ) reports. That payment method will work when the customer briefly taps their device against the vendor's, WSJ writes.

Retail 311

Retail Payments Fintech Online 311

PYMNTS

AUGUST 28, 2020

Goldman Sachs is pondering a $2 billion venture and growth fund that could boost its stature in the world of technology investing and help it court bigger investors and investments. The $2 billion amount would make it one of the largest in the field, excepting Softbank’s Vision Fund. Goldman Sachs Eyes Creating $2B Tech Fund.

Retail 208

Retail Los Angeles San Francisco Online 208

South State Correspondent

SEPTEMBER 27, 2023

Ask most banks how they construct their lending portfolio, and they say that “it is what the market gives them.” That level of passivity will likely cause us to lose 75+ banks during the next downturn. The Elevation of Loan Portfolio Risk Sometimes, when rates are low after a recession, it’s a “risk on” strategy for banks.

Lending 195

Lending US Marketing Capital 195

PYMNTS

DECEMBER 7, 2020

These kinds of transactions can be risky for customers and the banks that serve them.” BNPL transactions allow users to pay for merchandise across several installments interest-free, while also paying the retailer in full at the time of the sale. with about 1 million new users added, along with numerous new retailers.

Capital 184

Capital Cards Millennials Regional 184

Abrigo

MAY 24, 2023

The SAFE Banking Act could bridge the state and federal cannabis banking gap Read more for the legislation's history and how it benefits financial institutions looking to profitably bank CRBs. The SAFE Banking Act hit a wall in Congress last year after lawmakers excluded it from a $1.7 trillion government funding bill.

Lending 195

Lending Fraud Operations Ohio 195

Insights on Business

FEBRUARY 22, 2019

Banks hoping for growth are faced with a similar dilemma. Banking is undoubtedly becoming more digital. Globally, three quarters of customers visit a branch less than monthly [1]. But physical branches are still where most customers prefer, and 80% of them actually chose [2] to open new accounts. See figure 2.

Branding 143

Branding FDIC Retail Leadership 143

PYMNTS

OCTOBER 4, 2019

FinTechs in Europe have been experiencing a rise in value as many investors look for alternatives to run-of-the-mill, brick-and-mortar banks. Digital banks are generally seen as more attractive, as they are no longer struggling to find a solid foothold after the financial crisis a decade ago. based customers.

Fintech 197

Fintech Community Bank Community Leadership 197

Abrigo

MARCH 30, 2023

Takeaway 2 These contactless, faceless, nameless digital interactions are difficult for AML programs and law enforcement to trace. A P2P (Peer-to-Peer) transfer is the process in which an individual can transfer funds from their bank account to another individual’s account using a digital medium such as a mobile phone or the internet.

Fraud 195

Fraud Trends Payments Cards 195

Chris Skinner

JULY 3, 2017

The British Bankers’ Association released their The Way We Bank annual report last Thursday. Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017.

Mobile 286

Mobile Cards Video Management 286

Accenture

OCTOBER 9, 2019

As the competition remains fierce in general purpose bank cards, the partnership market provides an opportunity for new growth-inducing channels. Even with headlines of uncertainty in the retail sector and late economic cycle concerns, banks continue to invest in this market, albeit in different ways than they have done before.

Cards 150

Cards Analysis Retail Apple 150

PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb.

Oregon 232

Oregon Pennsylvania Innovation Operations 232

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Takeaway 1 Engaging the bank or credit union loan workout team or an outside expert can help restore CRE loans in distress or mitigate their impact.

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

DECEMBER 2, 2019

BMO Harris Bank, in partnership with Mastercard, has introduced the True Name feature for debit Mastercard holders, which will allow for those in the transgender and non-binary communities to use their true first names on their payment cards without the need for a legal name change, according to a release. As of Monday (Dec.

Community 166

Community Cards National Retail 166

PYMNTS

MAY 26, 2020

The Walmart MoneyCard will now offer accountholders a 2 percent annual percentage yield on money saved with a connected savings account, among other features, per an announcement. The new Walmart MoneyCard allows customers to do both,” Green Dot General Manager of Consumer Products Mike Keeslar said in the announcement.

Management 221

Management Cards Retail Mobile 221

PYMNTS

NOVEMBER 24, 2020

Ukrainian bank UKRSIBBANK, part of BNP Paribas Group, is teaming up with Dreams , a financial wellness FinTech startup based in Sweden. The collaboration will also help UKRSIBBANK stay ahead of the competition and “futureproof its digital banking offering” as challenger banks and FinTechs crowd the personal finance landscape.

Fintech 131

Fintech Millennials Groups Software 131

Abrigo

JULY 25, 2023

Takeaway 2 The speed of settlements using the FedNow Service creates the potential for additional fraud. Takeaway 3 An important way to limit fraud is to design FedNow offerings to control how customers or members use them. developed in 2017 with the backing of some of the largest banks. Instant payments service What is FedNow?

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

NOVEMBER 2, 2020

It has grown since then and served more than 30,000 customers. Postal Service, said that the post office is getting a new technology solution for its fingerprinting program in fiscal 2022 and plans to get Impact Level 2 (IL-2) certification, according to the report. A two-year pilot program between the U.S. billion in revenue.

US 191

US Washington Report Policies 191

PYMNTS

MARCH 20, 2020

The coronavirus is changing retail compensation, operations, logistics and hiring. Here are the latest updates on the coronavirus focusing on retail. Target is providing bonuses to thousands of workers and bolstering staff wages by $2 each hour for a time amid a rise in commerce over the COVID-19 situation, CNBC reported.

Phoenix 160

Phoenix Retail United States Report 160

PYMNTS

OCTOBER 5, 2020

The Venmo Credit Card lets Venmo's more than 60 million customers to shop, share or split purchases and earn cash back wherever Visa credit cards are accepted, the release stated. Top spend categories change based on the customer’s monthly spending habits. Venmo , the mobile payment service owned by PayPal , announced Monday (Oct.

Cards 226

Cards Mobile Management Payments 226

Accenture

OCTOBER 14, 2019

Digital credit for consumers is an underpenetrated and underestimated opportunity for banks and retailers alike. For example, merchant service providers in the retail sector often work with digital invoicing suppliers to enable a pay-later or pay-by-installment option within the e-commerce checkout.

Payments 150

Payments Lending Examples Innovation 150

South State Correspondent

DECEMBER 6, 2022

The variables that banks typically test are amortization periods, interest rates, vacancy rates, and lease rates. However, in the last 25 years, we have yet to see a community bank perform sensitivity analysis on inflation rates – for obvious reasons. We can change our assumption about revenue sensitivity to inflation. History Lesson.

Analysis 195

Analysis Taxes US Management 195

PYMNTS

FEBRUARY 25, 2020

The fund’s investors include retail landlords like Acadia Realty Trust and Macerich. Retail is not dead — it’s changing,” Fifth Wall Co-Founder Brendan Wallace said in an interview last summer. Retail is not dead — it’s changing,” Fifth Wall Co-Founder Brendan Wallace said in an interview last summer. But will it work?

Retail 130

Retail Branding America Online 130

PYMNTS

JULY 15, 2020

To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet. “As we enter the second half of the year and retail re-emerges across the world, it’s critical we help our partners drive business growth both online and offline,” Nick Molnar, co-founder and U.S.

Apple 243

Apple Cards Innovation Conference 243

Abrigo

DECEMBER 5, 2023

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. Takeaway 2 The role of a BSA Officer is complex and multifaceted, and financial institutions need individuals who are the same.

Training 221

Training Compliance Regulation Software 221

PYMNTS

JANUARY 17, 2020

However, there is one shopping channel in which BNPL may be able to help retailers and additional providers generate much more revenue: mobile. Global retailers’ average mobile cart abandonment rate is approximately 86 percent, according to some studies. BNPL Could Solve Mobile Shopping Hardships .

Mobile 130

Mobile social media Retail Study 130

PYMNTS

AUGUST 6, 2019

As Apple makes a broader push to expand its services business, the technology company has invited certain customers to apply for the Apple Card. Apple is looking to bolster revenues as sales of iPhones slow , while the card is an opportunity for Goldman Sachs to grow its reach into retail banking. percent to 24.42

Apple 155

Apple Cards Retail System 155

PYMNTS

MAY 2, 2019

Royal Bank of Scotland is going after the payments market, launching a new unit Thursday (May 2) that will put it in competition with Worldpay , the former unit it was forced to unload. NatWest Tyl’s aim is to offer customers data analytics to help them measure and improve their performance.

Payments 173

Payments Regulation Analytics National 173

PYMNTS

JUNE 22, 2020

Tom Quindlen, executive vice president and CEO for retail cards at Synchrony, said in the announcement, “This card represents what consumers are demanding right now – a contactless, frictionless and digital-first experience. Customers can also earn Verizon Dollars via Verizon Up and join them with rewards accrued by card purchases.

Cards 181

Cards Mobile Tools Retail 181

PYMNTS

DECEMBER 6, 2019

Royal Bank of Canada (RBC) Capital said there’s an overlooked part of Amazon ’s ecosphere of services that’s being casually overlooked but will be extremely profitable for the company in the coming years, according to a report by CNBC. RBC said Amazon Business will see revenue exceeding over $30 billion in just a few years. “We

Capital 149

Capital Retail Industry Marketing 149

PYMNTS

JANUARY 2, 2020

Retail currency dealer Travelex was offline on Thursday (Jan. 2) after being infiltrated by a software virus, the Financial Times (FT) reported. We apologize to all our customers for any inconvenience caused as a result. It doesn’t appear that any personal data was compromised.

Retail 131

Retail System Data Software 131

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

PYMNTS

JUNE 29, 2020

banks seeing the savings rate hit a historic 33 percent in April , COVID-19 has fundamentally reordered financial priorities for people and businesses. 2, Affirm at No. Yet despite the new frugality, pent-up consumer demand – especially for nonessential items like apparel and jewelry – is already starting to materialize.

Millennials 181

Millennials Mobile Online Retail 181

South State Correspondent

APRIL 12, 2022

Our focus is on information that pertains to the community banking industry. He also stated that the Fed’s move from quantitative easing to quantitative tightening will trigger a significant change in the flow of funds, which drain liquidity from banks. 2) Leadership Matters. 1) The Fed May Hike More Than Expected.

Community 195

Community Community Bank Leadership Lending 195

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. Bad actors have exploited these flaws to steal $2 billion to date, representing 2 percent of the $110 billion in claims the state sent out in 2020.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

JANUARY 26, 2021

has tapped investment banks to gear up for an initial public offering (IPO) in 2021 that could provide the firm with an approximately $3 billion valuation, Reuters reported, citing unnamed sources. Morgan Chase to underwrite a possible $2 billion IPO that could happen during the second half of 2021. Payment processor Flywire Corp.

Technology 154

Technology Payments Strategy Retail 154