PYMNTS

SEPTEMBER 28, 2020

Compared to where we were around the time of demonetization, in terms of scale, we are probably 15 times bigger than we were then,” he said. We created our payments product to go wide and deep for customers — they can pay their school fees, order food, order up an Uber,” Deora said. “We That's not too bad.”.

Payments 339

Payments Mobile Google Policies 339

PYMNTS

NOVEMBER 25, 2020

The age of artificial intelligence (AI) is upon us, where data feeds and models are used in the service of everything from verifying the digital identity of remote users to approving or denying a bank loan application. We oftentimes hear of companies that say they are ‘doing’ AI and have AI-driven models,” Patel said. “We

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PYMNTS

NOVEMBER 24, 2020

At a time when the global pandemic and ensuing economic upheaval have blurred the boundaries between traditional means of payment, the CEO of global payment- and banking-solution provider i2c says the biggest business opportunity ahead will be in credit, with mobile becoming the biggest game-changer. All About Mobile.

Mobile 310

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PYMNTS

JANUARY 8, 2021

When I looked at the leasing and the lease-to-own space there was a lot of room for improvement. So we invented it,” Hogg said. With us, you have the ability to return the item,” Hogg said. “So There’s another side of the lease to own business that Hogg said is also important to know about.

Cards 267

Cards Retail Payments Marketing 267

Independent Banker

MAY 31, 2022

Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies. We have to compete on service.

Community Bank 185

Community Bank Community Lending Marketing 185

PYMNTS

SEPTEMBER 14, 2020

Goldman Sachs just launched a new personal finance tool for customers of average means, CNBC reported on Monday (Sept. Marcus Insights is designed to give customers a high-level view of their accounts at multiple institutions. We may also connect directly with your institution.".

Tools 174

Tools Management Report US 174

PYMNTS

JANUARY 14, 2021

In the move toward digital payments in cash-centric economies, building trust in bank accounts and payments done in bits and bytes is critical. According to the World Bank , that represents a total of 100 million individuals. This, of course, represents a significant opportunity for firms seeking to broaden financial inclusion.

Mobile 234

Mobile Payments Course Data 234

South State Correspondent

MARCH 1, 2022

Last week, JP Morgan opened banking’s first presence in the metaverse within the blockchain-based virtual world of Decentraland (go HERE for a primer). Now, if you think authenticating a customer is hard in the physical world, it’s really hard in the virtual one. Crypto Banking. Dollars-to-Crypto Leaving The Bank.

cryptocurrency 195

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Jeff For Banks

DECEMBER 28, 2023

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. Many of my readers might not know what my firm does, so I want to dedicate this post to the problems we help community bankers solve. We feed customer profitability systems. But our real competitor is indifference.

Groups 87

Groups Capital US Community 87

Perficient

MAY 27, 2022

Central Bank Digital Currency (CBDC) ). However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Current

OCTOBER 20, 2020

We also have no plans to pursue our own bank charter and we’ll explain the reasons why. Growing, growing, growing… It’s been a year of exponential member growth at Current with the COVID-19 pandemic serving as an accelerant to digital banking and we are now over 1.6 What about us?

Conference 108

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PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Different Approaches To APIs.

System 230

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PYMNTS

APRIL 1, 2020

We instituted our own pledge and haven’t been laying people off,” Corbat told Jim Cramer on Wednesday (April 1). About 75,000 of my colleagues will get a check to help with challenging times now. We’ve given paid time off to anyone who needs it, we’ve expanded benefits, and expanded Citi Foundation in our community.”.

Policies 156

Policies Capital US System 156

PYMNTS

NOVEMBER 16, 2020

This method involves bad actors impersonating customers and convincing mobile service providers to transfer the victims’ phone numbers to their own SIM cards, allowing these fraudsters to seize control of any accounts linked to that phone number. It's that easy.”. Why Fraudsters Swap SIM Cards.

Fraud 178

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PYMNTS

JUNE 6, 2019

Power, where the company received an award for customer satisfaction in personal loans. Marcus gets about $1 billion in deposits every month, and there was also a recent announcement about the firm’s partnership with Apple , but Goldman’s stocks are relatively flat. “We Solomon spoke at an awards ceremony put on by J.D.

Apple 146

Apple Community Branding US 146

PYMNTS

JUNE 26, 2020

More than 10,000 financial institutions (FIs) around the world are implementing or exploring open banking , an emerging trend in the financial industry that allows banks and FinTechs to freely share their data, encouraging collaboration and the development of new customer-facing services. Open Banking’s Data Benefits.

System 198

System Data Security Examples 198

PYMNTS

FEBRUARY 25, 2020

This partnership is just another example of how Mastercard Send is providing innovative new solutions for customers and consumers all around the world, enabling them to send and receive money – when, where and how they want,” said Shari Krikorian, senior vice president for Mastercard. OSG Billing Services and Transactis.

Innovation 181

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Abrigo

DECEMBER 28, 2022

As outlined in this post , regulators look for the implementation and results of each of the five pillars of BSA: internal controls, designation of a BSA Officer, periodic BSA training, and ongoing customer due diligence (CDD). Like staff, board members need annual, customized training. Abrigo's top AML/CFT articles.

Fraud 195

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Independent Banker

SEPTEMBER 30, 2021

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S.

Arkansas 168

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PYMNTS

DECEMBER 31, 2020

How ‘Contact Us’ And The Kardashians Ignited Afterpay In The US. This was a generation that was spending differently, wanted to spend their own funds and needed a solution with more flexibility, without all the extra charges that come with a revolving line of credit.”. billion in sales for the month of November alone.

Innovation 289

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PYMNTS

DECEMBER 23, 2020

Whether it is with a small, medium or mega-sized merchant, Hondal said businesses need to reimagine their loyalty strategies to manage customer experiences and ensure that they are consistently delivered throughout the organization. It needs to be about the whole experience and my relationship with you as a brand. It is what it is.

Strategy 266

Strategy Marketing Marketing Strategies Branding 266

PYMNTS

AUGUST 4, 2020

Where once the marquee names in tech (and no shortage of FinTechs) jockeyed for primary banking services relationships, an increasing number of partnerships are now taking shape. To that end, BBVA was one of six banks that said on Monday (Aug. To that end, BBVA was one of six banks that said on Monday (Aug.

Google 298

Google Digital Banking Course Branding 298

PYMNTS

NOVEMBER 24, 2020

The pandemic is reshaping banking. The conversation came against a backdrop where, as noted in a recent PYMNTS Tracker , a majority of Americans did their banking online last year. As more banking has shifted online, an increasing amount of that online activity is occurring across mobile conduits.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267

Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. By Beth Mattson-Teig.

Community Bank 91

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Independent Banker

JANUARY 31, 2021

“From your focus on people to the good that you do, you make a lasting impact, and that’s what makes you uniquely who you are.”. When I consider what I love about community banking, I get a clear visual: overlapping concentric circles with one common center. Share the love for community banking and join us for ICBA Connect.

Community Bank 115

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Independent Banker

FEBRUARY 28, 2022

Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process.

Fintech 136

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PYMNTS

AUGUST 9, 2017

Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye. At some point, passwords will be a thing of the past, and we need to take friction out of the authentication and verification process,” Moore said in the report.

Samsung 118

Samsung America Mobile US 118

PYMNTS

SEPTEMBER 28, 2020

He noted that we seem to be in the midst of what might be termed a rolling industry recession marked by stubbornly high unemployment, sector by sector. Where We Are Now. At a high level — and with a nod to MerchantE’s own portfolio — Steinmetz said, “I’m impressed and excited to see how resilient the American economy is.

Fintech 291

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PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Achieving ubiquity across the 12,000 or so FIs in the U.S.

US 345

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PYMNTS

DECEMBER 28, 2020

The digital era of commerce has habituated us to this option, he said, using Amazon as an example. And the banks and smokestack economy are finally catching on to this as being mission-critical to their business, he noted. New use cases are arising,” Edwards said. iteration. “And Making The Jump To Instant And Digital .

Payments 303

Payments Fintech Cards Customer Experience 303

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Those conversations, he says, centered around whether community banks could compete against this brash group of newcomers. Matt Gallman, Drummond Community Bank.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

JULY 2, 2020

Much has been written about how delivering fiat currencies digitally can boost financial inclusion and perhaps streamline financial services. The blockchain layer sits on top of a network of 200 banks, the firm said in a release — and the public blockchain is being described as the first one that is “fiat native.”. is immutable).

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PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The hacker gang Sodinokibi , also known as REvil, reportedly demanded $6 million in return for encrypted customer data.

Cyber Security 131

Cyber Security Groups System Data 131

Independent Banker

OCTOBER 1, 2022

An event at EMS in June brought together (L–R) Clear Mountain Bank president/CEO Dave Thomas, ICBA president Rebeca Romero Rainey, FHLBank Pittsburgh president/CEO Winthrop Watson, and Tim Critchfield, EMS owner/president. Name: Clear Mountain Bank. Most of those commercial customers are small-business owners. By Mindy Charski.

West Virginia 91

West Virginia Virginia Community Bank Community 91

Independent Banker

NOVEMBER 30, 2022

In 2022, ICBA’s award-winning ThinkTECH Accelerator program reached more community banks with innovative solutions and partnerships than ever before. For ICBA and our community bank members, 2022 was a year full of potential. As we reflect on 2022 and celebrate our successes, we look to the future with great anticipation.

Community Bank 99

Community Bank Community Innovation Atlanta 99

PYMNTS

OCTOBER 5, 2019

It has happened to all but the most organized among us. We’re minding our own business, cleaning out a closet or reorganizing the bookshelf, when it suddenly thrusts itself upon us. That lost library book we had almost managed to convince ourselves no longer existed. But, as St.

Minnesota 188

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FICO

NOVEMBER 15, 2021

This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Sometimes sympathy for them is in short supply, but social engineering is routinely used against all of us.

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