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Mumbai Bus Operator To Test India’s National Transit Card

PYMNTS

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. The pilot is to see how the system would work.

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Virtual Cards Streamline, Simplify B2B Healthcare Payments

PYMNTS

Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. The Digital Shift Report examines the various ways that businesses are updating and automating their transaction methods as they cope with the challenges of operating during a global crisis.

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2020 GonzoBanker Awards

Gonzobanker

This Year was brought to you by the number 2020 and the letters W, T and F” – Big Bird (more or less). Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Most Oft-Heard Statements of 2020. ” – Hunter Thompson.

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Student Loan Repayment Challenges

Perficient

In March 2020, the student loan forgiveness program was initiated, providing relief to many borrowers. While the temporary pause was beneficial, it left numerous individuals still grappling with the task of managing their additional financial obligations. Credit card interest rates have hit a record-high average of 22%.

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Patchy Payroll And Expense Management Systems Cry Out For Upgrades

PYMNTS

For purposes of this analogy, the “basement” into which bad mice are creeping is most likely your legacy payroll/expense management software and its possibly compromised connections. While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them.

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Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

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Feedzai Reports 44 Pct Increase In First Half Of 2020

PYMNTS

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

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