Trending Articles

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FedNow zooms past RTP participation in inaugural year

Payments Dive

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

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Usage-based pricing: Achieve growth with value-added payment services

Accenture

Interest rates and inflation are on everyone’s minds. Cost-conscious customers want to see value for their money and don’t want to pay for what they don’t use. Companies, in turn, are looking to better align their pricing with costs. Even as budgets tighten, they want to attract new customers, reduce churn and boost revenue. The… The post Usage-based pricing: Achieve growth with value-added payment services appeared first on Accenture Banking Blog.

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Trending Sources

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3 Areas of Focus for Building a Sustainable Deposit Strategy

Gonzobanker

Now is the time to fortify your defenses for the war on deposits. Halfway through 2024, most banks and credit unions have settled into the current environment— for better or worse. Yes, the initial panic has worn off, but dwindling deposits and sustained interest rates have considerably impacted funding costs and growth outlooks. But a faint light is starting to show at the end of the tunnel.

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Morgan Stanley using AI to grow adviser operations

BankInovation

Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers. The bank is deploying technology to aid growth across its three divisions — investment banking, wealth management and institutional securities — Chief Financial Officer Sharon Yeshaya said during Morgan Stanley’s second-quarter earnings call today.

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How to Avoid Getting "Ghosted": Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Maintaining Digital Compliance with the PCI DSS 4.0

Cisco

Cisco plays a pivotal role in the evolution and implementation of the PCI DSS 4.0.1 standards, offering a suite of compliant products and advisory expertise to assist customers in navigating the significant security updates and phased rollout through March 2025.

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Disused Lloyds office sites to be converted into social housing

TheGuardian

Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s Lloyds Banking Group will start converting its disused office sites into social housing, as the UK’s largest mortgage provider lays the groundwork for a fresh housebuilding boom after Labour’s election win. The bank, which started reviewing its property portfolio during the Covid lockdown in 2020, is launching the programme with a decommissioned data and office sp

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Liberty Bank embraces tech for 200th anniversary

ATM Marketplace

As it approaches its 200th anniversary, Liberty Bank is embracing major technological changes and investigating others.

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Citi stays course on tech modernization, simplification

BankInovation

Citigroup’s multiyear modernization strategy saw progress in the second quarter as the bank’s tech investments proved more necessary after the Federal Reserve Board penalized the bank this week. “We have made meaningful progress in executing our transformation and simplifying our multiyear undertaking,” Chief Executive Jane Fraser said during the $2.

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Fine-Tune Your Operations: Leveraging Specialized Technology Consultants

Jack Henry

Develop long-term success strategies and achieve process improvements for your bank or credit union with the expertise of a banking technology consultant.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Banks should proactively tackle instant payments fraud: BNY

Payments Dive

Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

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Mobile banking: alarm as fraudsters take over handsets and raid accounts

TheGuardian

Scams underline risks of banking on mobile, with not all lenders prepared to refund victims The risks of doing banking on your mobile handset have been underlined by the stories of Guardian Money readers who had their mobiles taken over by fraudsters, who then emptied their bank accounts. In recent months, Guardian Money has become increasingly alarmed at how often people are reporting that their mobile phone account has been taken over – with O2 our most complained-about provider.

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Bank Customer Experience Summit keynote shares content strategies that work

ATM Marketplace

Regina DeMars at First National Bank of Omaha and this year's keynote speaker for the Bank Customer Experience Summit, shared how banks can develop content that works.

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Rocket Mortgage uses AWS’ Bedrock to cut costs with new tool

BankInovation

NEW YORK — Rocket Mortgage is working with Amazon Web Services to deploy generative AI-driven tools to make its customer relations team and internal operations more efficient.

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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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Alipay expands in Europe; Stripe's valuation bouncing back

American Banker

The Chinese technology giant is partnering with BNP Paribas to reach more merchants; Sequoia makes an investment offer that could boost confidence in Stripe; and more.

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Prepaid card spending accelerates

Payments Dive

The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

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Goldman Sachs raises banker pay and bonuses after 150% surge in quarterly profit

TheGuardian

Wall Street firm says it spent $4.2bn on compensation and benefits for its 45,300 staff in the three months to June Goldman Sachs has increased banker pay including bonuses by 17% after profits more than doubled in the second quarter, following a rebound in dealmaking. The Wall Street firm said it spent $4.2bn (£3.2bn) on compensation and benefits for its 45,300 staff in the three months to June, up almost a fifth from the same period last year.

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Celebrate National Fries Day with Us!

BankBazaar

A day dedicated to everyone’s favourite crispy snack ? Yes, please! Let’s blend the joy that fries bring us along with some smart financial tips to have a truly flavourful experience together. Want to know more? R ead on… Welcome to the tastiest day of the year, fellow enthusiasts — it’s French Fries Day! Whether you call them chips, fries, or frites (like the French do), today, you have the perfect excuse to indulge in some crispy, golden goodness to satisfy your cravings!

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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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Jiangxi Bank of China goes under

The Paypers

Jiangxi Bank of China has gone under, as the banking sector is currently facing a full-scape crisis with financial institutions being absorbed into larger enterprises.

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How U.S. Bank climbed to the top in mobile app customer satisfaction

American Banker

In recent surveys conducted by Javelin Strategy & Research and Insider Intelligence, consumers gave the bank's app high marks. Many small-seeming improvements explain the ascent.

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BofA tackles digital payments pain points

Payments Dive

The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

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HSBC’s new Mandarin-speaking CEO reveals British lender’s deepening Asia pivot

BankInovation

HSBC Holdings Plc staff entering Georges Elhedery’s office in Dubai used to joke that it felt like walking into a freezing meat locker. The executive told a colleague that the abnormally cold room made him more productive.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Credit Card Tech: 5 Integrations You Need to Know!

BankBazaar

Here’s a sneak-peek into some technologies that are going to shake up the world of Credit Cards. Enhanced convenience, bolstered security, the advantages are endless… The question is, are you ready for the revolution? In the ever-evolving landscape of financial technology, C redit C ards are no longer mere pieces of plastic / metal. Sure, they have made payments easy and rewarding.

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The Future of Collections: 3 Powerful Views to Think About!

SWBC's LenderHub

Financial institutions always work to enhance their collections strategies, an essential tool for maintaining healthy cash flow and minimizing risk.

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CFO shuffle continues as Webster, Eastern name new finance chiefs

American Banker

Two Northeast banks will get new CFOs next month. Webster Financial hired Neal Holland, the former CFO of the failed First Republic Bank, and Eastern Bankshares hired David Rosato, who left Berkshire Hills Bancorp last month.

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Discover to sell student loan portfolio to Carlyle, KKR in $10.8B deal

Payments Dive

The student loan sale is the latest loose end Discover seeks to tie up since Capital One announced its intent to purchase the card company.

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The State of Automation in Financial Services 2024 Report

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