Merchants urged to file claims for $5.5B payment card settlement
Payments Dive
MAY 6, 2024
Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.
Payments Dive
MAY 6, 2024
Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.
Jeff For Banks
MAY 9, 2024
Are conferences more than a vacation? Last week I attended two back-to-back banking conferences and it was apparent that attendance was down. This is the likely reaction to banks' profit challenges resulting from net interest margin pressures that are due to slowly repricing loans accompanied by ever faster repricing deposits. Let's tighten our belts to offset revenue decline.
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Accenture
MAY 2, 2024
Spring is a time when most people, bankers included, take a fresh look at the challenges they face and tackle them with renewed vigor. Commercial banking should be on this year’s spring-cleaning list. While it is often the bank’s largest revenue generator, its processes continue to be highly manual, constraining the potential for profit growth.… The post The time for generative AI in commercial banking is now appeared first on Accenture Banking Blog.
Payments Dive
MAY 3, 2024
“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Abrigo
MAY 2, 2024
Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jack Henry
MAY 6, 2024
In myyears at Jack Henry™, my lending team has helped hundreds of financial institutions across the United States achieve their strategic goals by focusing on the future of commercial lending.
BankBazaar
MAY 7, 2024
BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 Crore in FY24. This growth trajectory is driven by the company’s new and existing strategic partnerships for co-branded Credit Cards with leading commercial banks.
TheGuardian
MAY 7, 2024
I phoned the police and the bike was seized, but eBay and my bank won’t help over reimbursement I bought a used electric cargo bike on eBay for £3,300 but, when it arrived, I discovered a cut in the frame. I put the frame number into the national BikeRegister database , which confirmed it had been stolen. The seller did not reply when I contacted them, so I phoned the police and the bike was seized.
BankInovation
MAY 3, 2024
Financial institutions that have gained agility through long-term technology investments are better prepared to complete mergers and acquisitions with limited client disruption. Technology integration during M&A activity is a customer-centric issue for banks, Danny Baker, vice president of market strategy at technology provider Fiserv, told Bank Automation News.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
Commercial Lending USA
MAY 6, 2024
Commercial Lending USA is an excellent place to get commercial loans because almost half of all small businesses need them to start up or grow.
Payments Dive
MAY 2, 2024
The payments processor plans to finish an assessment of operations in the next few months, aiming to streamline its business and pare units it can’t scale.
American Banker
MAY 6, 2024
Big national retailers will capture all the financial benefits from proposed reductions in swipe fees, while consumers will be left with fewer benefits programs and less secure transactions.
TheGuardian
MAY 2, 2024
Changes will allow the investment bank’s star performers to earn up to 25 times their annual salary Goldman Sachs has told hundreds of its top UK bankers that it is eradicating a cap on bonuses, in a move that will allow its star performers to earn up to 25 times their annual salary. Richard Gnodde, chief executive of Goldman Sachs International, made the announcement during a video message to staff on Thursday.
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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
ATM Marketplace
MAY 3, 2024
Digital avatars, could hold the key to unleashing a new era of AI-powered excellence in customer service, especially at the digital banking level.
BankInovation
MAY 7, 2024
Chime Financial was fined $3.25 million by the Consumer Financial Protection Bureau today as the digital bank has failed to give timely consumer refunds. According to Chime’s refund policy, the company is required to issue consumer refunds within 14 days.
Payments Dive
MAY 6, 2024
Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.
American Banker
MAY 7, 2024
Federal Reserve Chair Jerome Powell said there have been "no decisions" on the controversial capital reform plan, but banks and others who have criticized the proposal are eager for an indication about what's next.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
The Paypers
MAY 3, 2024
The Bank of Thailand has announced its initiative to launch secure and fast QR code cross-border payments between Thailand and India by Q3 2024.
William Mills
MAY 7, 2024
The PR industry is constantly evolving to keep up with new technologies, media platforms, and consumer preferences. As PR pros, staying ahead of the latest trends and practices is key to crafting successful campaigns. Here’s a look at six trends we’re tracking this year.
BankInovation
MAY 6, 2024
Small businesses demand efficient access to capital and Grasshopper Bank is meeting the needs of its small business clients through its latest digital lending solutions.
Payments Dive
MAY 7, 2024
When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
American Banker
MAY 6, 2024
The $1.1 billion-asset Vibrant is working with the San Francisco-based distributed ledger development firm Metallicus through its Metal Blockchain Banking Innovation Program to examine use cases.
TheGuardian
MAY 2, 2024
John Duff Lowe, who has died aged 81, was a pianist on the first record that Paul McCartney, John Lennon and George Harrison made together, in 1958, as the Quarrymen. Despite his rock pedigree, Duff, as he was affectionately known, spent most of his life working in banking and financial services. His piano playing on McCartney and Harrison’s song In Spite of All the Danger featured at the start of Peter Jackson’s 2022 documentary The Beatles: Get Back.
ABA Community Banking
MAY 8, 2024
The dollar amount of loans originated by community development financial institutions has more than doubled in recent years, rising from $29 billion in 2018 to $67 billion in 2022, the Federal Reserve Bank of New York said in a new report. The post New York Fed: CDFI loan volume doubled in recent years appeared first on ABA Banking Journal.
BankInovation
MAY 7, 2024
Payments behemoth Mastercard uses APIs to develop a wider range of products for business clients. The company processes roughly 125 billion transactions annually and managing data flow through APIs makes Mastercard’s operations efficient, Chad Wallace, executive vice president of B2B solutions, tells Bank Automation News on this episode of “The Buzz” podcast.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
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