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OCC Highlights, AML & CRA Risks

Perficient

The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks  Banks need to plan for these changes and begin to implement management processes to address the potential impact of the rule on their systems and resources.

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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

However, amid the scramble to take advantage of sunset-ing ATMs, might there be additional torque behind efforts to bring India’s payments infrastructure — as well as consumer habits and financial inclusion — further into the digital age? Greenfield Opportunity For Payment Heavyweights. The Opportunity Ahead.

ATM 187
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Deep Dive: The State Of mPOS In North America

PYMNTS

percent between 2017 and 2026. is one such nation, with a June 2018 Statista survey reporting that 83 percent of Americans aged 30 to 49 owned credit cards. Card payments are also popular in Canada, with credit comprising nearly 22.9 percent of total payments by volume in 2017 and debit responsible for 26.5

America 128
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Virtual Assistants Join The Corporate Finance Team

PYMNTS

billion market by 2026 as demand grows from small and medium-sized businesses, too. The data supports Ajmera’s position: according to Gartner, half of corporate finance organizations expect to have some type of AI deployed by 2020. Polaris Market Research says intelligent virtual assistant technology is expected to be a $21.5

Analytics 147
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APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

FICO

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. Payment scams reached unprecedented levels last year and look set to double by 2026.

Fraud 52
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Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

PYMNTS

In 2016, 95 percent of transactions in in India were done in cash and there were approximately 60 million online shoppers – representing about 14 percent of the internet using base of the nation, according to a late 2017 report by Morgan Stanley. Pushed by the relative success of the UPI, digital payments platforms are expanding.

Branding 101
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Walmart Seals The Deal With Flipkart For $16 Billion

PYMNTS

Flipkart will need its newfound massive war chest – and a powerful partner like Walmart – to fend off Amazon ’s entrance into the world’s second largest country by population, representing an eCommerce opportunity that Morgan Stanley estimates will be worth $200 billion by 2026. We’ve been looking at this business for some time.

Marketing 109