PYMNTS

OCTOBER 14, 2020

Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. One financial institution (FI) that is moving quickly to add digital supports for its clients is PNC Bank. Around the Disbursements World.

Payments 257

Payments Trends Study Tennessee 257

PYMNTS

DECEMBER 10, 2020

Consumers were forced to swiftly adapt to a world where their primary way to interact with businesses or banks became digital-first, with the pandemic seemingly increasing the number of consumers turning to digital tools to conduct their financial activities. Developments From Around The World of Digital-First Banking.

ATM 233

ATM Tools Study Mobile 233

PYMNTS

DECEMBER 29, 2020

The pandemic has led to massive changes for banks, which have had to radically adjust their operations despite generally being deemed essential businesses. One FI navigating pandemic-related challenges is Massachusetts-based Avidia Bank , which was founded in 2007 and currently has $1.9 In-branch Changes .

Meeting 195

Meeting Massachusetts Tools Digital Banking 195

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. The European Banking Authority (EBA) is relaxing some of the E.U. Around The Data Protection World.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

MARCH 14, 2019

For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market.

Payments 193

Payments Innovation National Fraud 193

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in transaction value by 2023. The surge in payments value belies the difficulties that these transactions face, however. trillion in 2020.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

OCTOBER 12, 2020

Consumers are still shopping online more than ever seven months into the global COVID-19 pandemic. One recent study found that new customer accounts now represent 30 percent of all transactions made online, for example, five times as many as they did prior to the crisis.

Fraud 199

Fraud Retail Online Examples 199

Independent Banker

APRIL 30, 2022

Mobile transactions. As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. Photo by Ridofranz/iStock.

Trends 144

Trends Payments Community Bank Community 144

PYMNTS

SEPTEMBER 8, 2020

JPMorgan ’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz , told PYMNTS in a recent Masterclass that the very nature of liquidity management is changing — and leading treasury management professionals to pivot to digitization and move from physical to virtual accounts. The Advantages Of Centralized Access .

Management 268

Management Lending System Operations 268

PYMNTS

APRIL 10, 2020

B2B transactions expected to happen online by 2021 pre-pandemic. That’s all going to change now as B2B commerce adapts to the new realities. Data and payment APIs are flexible tools that allow banks to branch out from only offering services in physical branches,” the report states. SMBs, APIs and Open Banking.

Payments 141

Payments Report Data Tools 141

PYMNTS

JANUARY 1, 2021

We can’t put a final lid on the year 2020 without addressing the big issues, such as how we changed, what we learned, what’s coming back and what will never be the same. The pandemic has really highlighted that those who can adapt most quickly are in the best position to survive. John Sellers , Bank of America rewards executive.

Video 259

Video America Industry Payments 259

Abrigo

MARCH 7, 2022

Takeaway 2 Planning ahead and informing management of expected changes will help financial institutions adapt to anticipated rules and guidance. Anticipating change in the anti-money laundering industry. You might also like this whitepaper on combatting domestic terrorism financing DOWNLOAD . 2022 Regulatory Focus.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

JUNE 26, 2020

Countless think pieces have been written about how cash is on its last legs, but somehow it keeps sticking around. Brett Narlinger , head of global commerce at branded payments provider Blackhawk Network , said some of that stems from consumers who lack banking system access and find cash the easiest way to handle transactions.

Payments 249

Payments Retail Mobile Technology 249

PYMNTS

JANUARY 21, 2021

The core problem we are trying to solve is, ‘How do you make credit access available for small businesses, which are engaged in cross-border trade ?’” For most of these businesses, the only credit option is perhaps their local bank, and banks are just not geared to service this segment well, and there are multiple reasons for it.”.

Capital 259

Capital US Data blockchain 259

PYMNTS

JANUARY 1, 2021

The Trackers use a number of creative methodologies and frameworks that measure and benchmark an ever-changing landscape. Digital-First Banking. Financial institutions in general have had to adapt at our consumers’ and our business clients’ paces and how they’re conducting their lives and how fast or slow that’s going.”.

Trends 259

Trends Video Retail Payments 259

Abrigo

MARCH 11, 2022

Takeaway 2 Planning now and informing executive management of expected changes will enable NBFIs to move forward with anticipated rules and guidance. What does this mean for the current regulatory focus for non-bank financial institutions (NBFIs)? Regulatory Focuses in 2022. Regulatory topics for NBFIs to watch for.

Regulation 195

Regulation cryptocurrency Policies Management 195

Bobsguide

JUNE 3, 2022

Auriga was recently honoured with the prestigious Peter Kulik Innovation Award from the ATMIA, the leading non-profit trade association representing the entire global ATM industry. Q: How do you feel about your Peter Kulik Innovation Award win? Q:What industry problems does Auriga’s integrated acquiring solution solve?

Innovation 147

Innovation ATM Software Policies 147

FICO

MARCH 1, 2022

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. Delivering for Small to Mid-Sized Banks.

Fraud 52

Fraud Analytics Cards Tools 52

PYMNTS

DECEMBER 24, 2020

But no one was predicting a global pandemic that would shutdown the travel industry, events and physical retail. That reconfiguration has meant that the places consumers call home have had to change, too. And the changes, now in place, aren’t moving. There’s only going home. The New Connected Command Center .

Millennials 206

Millennials Retail Course Report 206

PYMNTS

JANUARY 8, 2021

The pandemic is continuing to have a broad impact on the financial sphere at the start of the new year, with businesses as well as consumers adjusting their banking habits in response to shifting economic needs. Both emerging and traditional lenders appear to be making moves to do so, including legacy institution Fifth Third Bank.

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Lending Examples Tools Meeting 163

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

MARCH 31, 2020

Devising open banking laws that adequately respond to shifting privacy needs and satisfy both businesses and consumers is difficult. Discussions can be further complicated by world events that change the way FIs, businesses and consumers interact. data privacy laws and how companies can comply with any and all of these new rules.

Regulation 154

Regulation Data US Washington 154

PYMNTS

DECEMBER 22, 2020

In a year marked by unpredictable events, high unemployment, business closures and, of course, a global pandemic, the U.S. consumer is still standing — but how they pay has changed with the times, both out of necessity and out of convenience. A year like no other draws to a weary close. Debit Wins Out.

Cards 308

Cards Maine Millennials Course 308

PYMNTS

DECEMBER 2, 2019

It’s said that change is the only constant in life. So it is with business, with payments, with the ways we pay — when and even where and certainly how. The change is coming and can be anticipated, across C2C to B2C to B2B — and providing at least some sort of roadmap. The scope of payments?

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Course Management Payments Marketing 138

PYMNTS

AUGUST 19, 2020

Anupam Sinha , Citi’s managing director and global head of domestic payments and receivables, told PYMNTS in a recent Masterclass discussion that the market had been moving toward digital for years, but that the pandemic accelerated that dramatically. But it’s not the just treasurers’ roles that are changing. Where Treasurers Can Help.

Retail 200

Retail Payments Strategy Online 200

PYMNTS

JULY 26, 2019

Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders. With correspondent banking relationships on the decline, financial institutions are looking for new — and faster — ways of moving money around the world, too.

Innovation 160

Innovation Payments Course System 160

PYMNTS

MARCH 28, 2019

There are no incumbent banks that are not paying attention to what the challenger banks are doing. Even in the last two years, there has been a big shift in legacy banking to [become] tech companies,” Priestley said. “A That includes, at the most basic level, mobile and digital banking.

Fintech 196

Fintech Fraud System Security 196

PYMNTS

DECEMBER 31, 2020

In a year filled with unexpected challenges and a COVID-era economic climate that proved fatal for many companies, PYMNTS was lucky to hear directly from the front lines how scores of company leaders and industry experts were coping with the crisis and turning conflict into opportunity. billion in sales for the month of November alone.

Innovation 289

Innovation Payments Trends Regulation 289

Accenture

AUGUST 20, 2019

Guest blogger Mark Quigley discusses what’s driving changes to payments in banking. I needed to write a cheque recently and found myself thinking “How do I do this again!?” The race to become the main instant payments service provider between banks, fintechs and tech giants has begun. Where do I even find my cheque book?

Payments 150

Payments Maine Fintech Regulation 150

Independent Banker

DECEMBER 31, 2022

The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. As a result, the skills needed in all businesses, community banks included, are changing.

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Training Community Bank Community Knowledge Base 98

PYMNTS

SEPTEMBER 11, 2020

Apple Pay Eyeing QR Code Transactions. Berkshire Hathaway now has ownership of 138 million shares in the bank for a 3.3 Visa, PayPal Expand Global Real-Time Payments Partnership. Mastercard Leads New Central Bank Digital Currency Test Platform. percent stake, marking a decline from over 8 percent in 2019.

Maine 141

Maine Apple Payments Online 141

Insights on Business

APRIL 21, 2017

Quite the contrary, the industry had to adapt to an onslaught of new regulations in the aftermath of the Global Financial Crisis. A decade later, it may have to adapt to the dismantling of those same regulations but remain keyed up for the not-unrealistic possibility of another regulatory assault in a few years.

Technology 156

Technology Compliance Regulation Training 156

PYMNTS

FEBRUARY 7, 2020

Visa is proposing to change its interchange rates in ways that would differ according to transactions and merchant classification. Visa is proposing to change its interchange rates in ways that would differ according to transactions and merchant classification. and Canada.

Google 123

Google Retail United States Online 123

Accenture

AUGUST 26, 2019

The payments industry is continually evolving, with change driven by various evolutionary business initiatives such as Open Banking, Real-Time Gross Settlement (RTGS) system renewal and Instant Payments. Neither, in many cases, do they appear at first sight to involve any real improvement or substantial change to the previous state.

Industry 174

Industry Payments System Guidelines 174

PYMNTS

FEBRUARY 7, 2019

As readers of these digital pages know, the European Union directive mandates that bank customers can use third-party providers for financial services. GDPR , which came into effect in May of 2018, offers some roadmap for PSD2, as companies grapple with data protection, storage and sharing. The Balancing Act.

Guidelines 190

Guidelines Data Compliance Regulation 190

Accenture

MARCH 20, 2017

Banks would love to be able to use that same technique to predict and meet customer needs. Unfortunately, customer needs in banking are no longer behaving like line drives. For example, customers’ biggest driver of loyalty now is their willingness to trust banks to protect their personal data. Read the full report.

Marketing 150

Marketing Cyber Security Study Meeting 150

Accenture

MARCH 20, 2017

Banks would love to be able to use that same technique to predict and meet customer needs. Unfortunately, customer needs in banking are no longer behaving like line drives. For example, customers’ biggest driver of loyalty now is their willingness to trust banks to protect their personal data. Read the full report.

Marketing 150

Marketing Cyber Security Study Meeting 150