PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Plus, online lending startup SoFi is looking to go public through a SPAC.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

SEPTEMBER 16, 2020

Redfield also referred to Operation Warp Speed, the initiative led by the U.S. National Institute of Allergy and Infectious Diseases (NIAID) Director Anthony Fauci said on March 16 he thought it could take from 12 to 18 months to create a coronavirus vaccine, but most American consumers though their lives would rebound quicker.

United States 228

United States Survey National Report 228

PYMNTS

DECEMBER 4, 2020

The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement. In other news, the Bank for International Settlements (BIS) announced Thursday (Dec.

cryptocurrency 152

cryptocurrency Bitcoin National US 152

PYMNTS

APRIL 13, 2017

Wirecard announced Wednesday (April 12) that it is now collaborating with the National Bank of Greece (NBG) and is integrating Alipay into the technical infrastructure of Greece’s largest bank as a new payment method. With the new collaboration, Wirecard and the National Bank of Greece will provide them with Alipay.

National 100

National Groups Mobile Payments 100

Abrigo

OCTOBER 17, 2022

Shannon passed away in 2021 after her diagnosis in 2017. and in bank technology nationally. He was named an Ernst & Young LLP (EY US) Entrepreneur of the Year 2021 Central Texas Award Winner.

Texas 370

Texas Leadership Austin Raleigh 370

PYMNTS

DECEMBER 15, 2020

WEX foresees that the effect of the purchase on adjusted net income will be immaterial up to calendar year 2021, though it notes that "visibility remains limited due to COVID-19.". WEX lost $57.7 million, or $1.49 per share, on $382.1 million in revenue for the three months concluding on Sept. 30 in contrast to a profit of $42.4

Payments 254

Payments Leadership National Fintech 254

PYMNTS

JANUARY 25, 2021

Global FDI dropped by 42 percent last year, and COVID-19 will keep impacting it in 2021, according to a UNCTAD report, as China reaps more foreign funds than the United States. 55-Plus Group Lends Optimism To Travel Operators. FDI dropped to $859 billion in 2020 from $1.5 trillion in 2019.

United States 217

United States Regulation Payments Lending 217

PYMNTS

JANUARY 27, 2021

The National Restaurant Association , the country’s (and world’s) foodservice trade association, released its annual State of the Restaurant Industry report on Tuesday (Jan. 26) compiling and analyzing data elicited from 6,000 restaurant operators and 1,000 adult consumers. Healthier And More Indulgent.

Industry 264

Industry Report Technology National 264

South State Correspondent

JUNE 7, 2023

Any company that retained employees for the second quarter of 2020 through the end of the year in 2021 AND can prove they were impacted by the pandemic’s related closures and supply chain disruptions would be eligible. For employers with 500 or fewer employees, all wages paid to employees can be qualified.

Taxes 195

Taxes Meeting Operations ATM 195

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Email: 2021-RFI-AI@cfpb.gov. CFPB-2021-0004 in the subject line of the message. Include Docket No.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

JANUARY 21, 2021

I n " A Look Forward: What Executives Wish for America and the World in 2021." She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Well-funded and organized fraud operations, meanwhile, continued to amass more capital, manpower and technology.

Fraud 180

Fraud social media Strategy Maine 180

PYMNTS

DECEMBER 23, 2020

China’s State Council announced late Tuesday that small and micro-sized businesses can defer loan payments past first quarter 2021 as needed, according to CNBC. percent in 2021’s fourth quarter compared to Q4 2019, according to OECD figures quoted by The Wall Street Journal in early December. in the first quarter. percent), Russia (0.2

United States 174

United States National Retail Industry 174

PYMNTS

DECEMBER 4, 2020

Now, the studio has decided to push its entire 2021 film slate to streaming rather than wait for consumers to begin feeling comfortable enough to head out to see them on the big screen. "We claimed the move is intended to be a pandemic-only 2021 switch, not a permanent way of doing business going forward. "It Warner Bros. announcement.

Operations 177

Operations US United States Report 177

Abrigo

DECEMBER 10, 2021

Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. The Federal Financial Institutions Examination Council (FFIEC) periodically updates its BSA Examination Manual, with the most recent update on December 1, 2021. Would you like other articles like this in your inbox? Need to know.

Training 195

Training Regulation Policies ATM 195

PYMNTS

DECEMBER 16, 2020

WhatsApp plans to partner with State Bank of India (SBI) General to roll out the sachet-health insurance plan, and it will also work with HDFC Pension to debut the National Pension Scheme (NPS), the report says, quoting Abhijit Bose , head of India for WhatsApp.

National 200

National Report Payments System 200

PYMNTS

DECEMBER 29, 2020

“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report.

National 160

National Policies Mobile Payments 160

South State Correspondent

APRIL 12, 2022

Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. in assets and almost $500B market cap), Dimon emphasizes in multiple ways that the bank’s focus is on the communities in which it operates. Total 2021 bank revenue was $122B, and loans outstanding were just over $1T.

Community 195

Community Community Bank Leadership Lending 195

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Looking to the future of healthcare and senior housing sector. Watch the full discussion here.

National 52

National Industry Lending Strategy 52

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

South State Correspondent

MARCH 21, 2023

In March of 2021, The American Rescue Plan Act was passed, which made more businesses eligible, pushed back when companies had to claim the credit to the end of that year and allowed businesses to deduct 70% of up to $10,000 in qualified wages per employee per quarter. In 2020, the U.S. The ERC filing deadline is October 2024.

Taxes 195

Taxes Community Bank Community Operations 195

Perficient

AUGUST 16, 2020

This law will apply to manufacturers, sellers, lessors, and nay business that installs manages, or operates an MLTS. This law doesn’t go into effect until January 6, 2021, for all fixed MLTS (this includes fixed interconnected VoIP, fixed telephony, and fixed Telephone Relay Services (TRS)). RAY BUAM’S Act.

System 348

System Regulation Texas Compliance 348

Independent Banker

NOVEMBER 30, 2022

First National Bank and Black Tech Nation Ventures teamed up to support minority-owned startups in the Pittsburgh community and beyond. Driven by her goal to cultivate a supportive community for diverse tech startups, Kelauni Jasmyn founded the fiscally sponsored nonprofit Black Tech Nation in Pittsburgh in 2018.

Company 110

Company Community National Maryland 110

South State Correspondent

APRIL 18, 2022

Larger banks have historically operated on thinner NIM but higher fee income. The graph below compares fee income (non-interest income) to total revenue from 2017 to 2021 for banks over $25B (81 largest banks) and banks under $2B (4,004 community banks). Historically, hedge fees have mainly been the domain of national banks.

Lending 195

Lending Community Bank Community Comparison 195

South State Correspondent

JANUARY 16, 2024

introduced a LIBOR alternative in March of 2021 (called BSBY). Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. We believe that our program offers an advantage against the national banks.

Community Bank 195

Community Bank Community Compliance CA 195

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. Each year, we provide insight into the national average FICO® Score to help ensure consumers have a baseline measure of credit health standing. Average U.S. by Ethan Dornhelm.

Payments 98

Payments National San Diego Analytics 98

PYMNTS

NOVEMBER 2, 2020

Across the pond in the United Kingdom, Prime Minister Boris Johnson imposed another strict national lockdown aimed at halting the coronavirus’ spread. Office for National Statistics , one in 100 people in England have COVID-19. We will always take a decision in the national interest, based on evidence,” U.K. The current U.K.

Survey 130

Survey National United States Washington 130

PYMNTS

JANUARY 22, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Herrero discusses how his firm's community-based digital literacy and entrepreneurship programs are harnessing technology and connectivity to improve education provision and livelihood outcomes for previously disadvantaged groups.

Marketing 184

Marketing Community US Groups 184

PYMNTS

SEPTEMBER 23, 2020

21) clarified the authority for federal savings associations and national banks to keep reserves for clients who issue stablecoins. In addition, PNC Bank intends to cut the number of its branch offices through 2021. A letter by the OCC published on Monday (Sept. TravelBank, U.S. Bank Team On Virtual Cards, Expense Management.

Cards 214

Cards Payments Management Software 214

Abrigo

DECEMBER 1, 2020

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . farms), nearly half of principal operators and spouses rely on a job off the farm to supplement low or negative farm income. You might also like this webinar watch. 3 and Sept.

Lending 195

Lending Survey Operations Payments 195

CFPB Monitor

MAY 19, 2022

The Department alleges that 100% of the loans to Connecticut residents originated on the Platform from June 2018 to August 2021 either contained a Lender Tip or a Solo Tip. Consumers are encouraged to offer a Lender Tip in an amount up to 12% of the loan amount and a SoLo Tip of up to 9% of the loan amount.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

NOVEMBER 2, 2020

The financial ministry expects to kick off phase two, regarding licensing requirements, in June 2021, the release stated. Their research will begin with a proof-of-concept for a CBDC operated on distributed ledger technology (DLT) to test the proposed coins’ use cases in payment settlements, the release stated.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160

Independent Banker

APRIL 30, 2022

Number of applications filed to form new businesses in 2021, the most of any year on record. What’s driving that for us is the growth of some of our specialty lending businesses,” says Dave Seiler, chief operating officer of First Business Financial Services, Inc., billion in commercial loans outstanding at the end of 2021.

Lending 158

Lending Community St. Louis Community Bank 158

PYMNTS

DECEMBER 28, 2020

The law, according to Axios, lets the president tell the private sector to prioritize manufacturing in the interest of national defense. The vaccines being ready so quickly was a relief for many, with financial analysts saying the vaccines should herald a quick recovery as they're dispersed throughout 2021. In addition, the U.S.

National 144

National Security Operations Report 144

PYMNTS

MARCH 13, 2019

NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. Because of this, the effective date will be deferred by six months to March 19, 2021.

National 191

National Examples Operations Industry 191

CFPB Monitor

AUGUST 30, 2021

In June 2020, the National Association of Consumer Advocates, U.S. The crux of the Complaint alleges that the Bureau’s Taskforce failed to comply with the Federal Advisory Committee Act (FACA), a federal law that governs the creation, operation, and management of advisory committees to federal agencies. 2 § 5(b)(3).

Massachusetts 78

Massachusetts Operations National Report 78

PYMNTS

NOVEMBER 9, 2020

As governments in different parts of the globe clamp down on possible Big Tech antitrust contraventions, an Australian regulator is looking into ways to reshape Australian merger regulations in 2021, CRN , an Australian news outlet, reported. California’s Proposition 24 Vote Could Bolster Digital Privacy Laws In Other States.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

DECEMBER 16, 2020

More than 100,000 eateries — or about one in six restaurants nationwide — have closed due to the pandemic, according to National Restaurant Association estimates. Mobile ordering apps are largely responsible for keeping the industry above water, but fraud still plagues the sector.

Fraud 310

Fraud social media Mobile Trends 310