PYMNTS

JANUARY 30, 2020

In its Q4 2019 earnings release, Facebook reported a 51 percent spike in expenses for 2019, as the social media platform faces more questions from regulators and policymakers. Facebook Expenses Rise 51 Pct as Regulatory Pressure Increases. The tech giant’s revenue also increased 25 percent from last year. Unbundling the Travel Bundle.

social media 141

social media Payments ATM Fraud 141

PYMNTS

FEBRUARY 14, 2018

.” And new automated teller machines (ATM) in New England will make it easier for people to buy and sell their bitcoin, Finextra reported. Coinsource , the world’s largest bitcoin ATM network, has rolled out 10 new machines in Rhode Island, New Hampshire and Massachusetts.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry.

America 102

America Security Miami Conference 102

Abrigo

MARCH 3, 2021

Altered checks: Fraudsters deposit altered EIP checks, often by ATM or mobile device, that may modify name of payee or increase the amount of the check. Counterfeit checks: Fraudsters deposit counterfeit EIP checks, often via ATM or mobile device. BSA Rules and Regulation. FinCEN Red Flags for Economic Impact Payment Fraud.

Fraud 195

Fraud Payments ATM Trends 195

Tech and Finance

JULY 13, 2016

Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. Alarm bells are sounding in boardrooms of regional and mid-tier banks across the U.S. Or at least they should be. The 2016 U.S. Retail Banking Customer Satisfaction Study from J.D.

Regional 28

Regional Mobile Millennials Study 28

PYMNTS

FEBRUARY 13, 2019

After the cards arrived in South America, the cartel hired workers to withdraw the money from ATMs.”. Government Accountability Office described how some banks along the border are closing branches because of the challenges of complying with AML regulations. Favorite Methods. A report last year from the U.S.

Cards 147

Cards Operations New York City Regional 147

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

NCR

DECEMBER 27, 2017

It has certainly been an interesting year, with highlights including the 50 th anniversary of the ATM, brand new real-time payment systems being introduced and ongoing preparation for a regulatory shift that could transform the industry as we know it. 50 years of the ATM. The humble ATM celebrated its 50 th birthday in June 2017.

ATM 76

ATM Fraud Industry Security 76

PYMNTS

FEBRUARY 22, 2019

Things aren’t so straightforward for those who create those innovations — which, as NovoPayment CEO Anabel Pérez told Karen Webster in a recent conversation, is a challenge for many banks in the Latin America (LATAM) region to fully grasp. Beauty In Banking Is More Than Skin-Deep. The term means something different in Europe, the U.S.

Innovation 153

Innovation Regional System America 153

PYMNTS

FEBRUARY 22, 2017

In a wide-ranging conversation between PYMNTS’ Karen Webster and MoneyGram EVP Grant Lines, who’s responsible for regions as diverse as Africa, Russia and Asia-Pacific, among others, both noted that gains in financial inclusion have been broad and deep, and more progress must be forthcoming.

Examples 123

Examples Regional Mobile Compliance 123

PYMNTS

NOVEMBER 21, 2016

Webster, describing the payments conundrum as the “nasty underbelly of making these payments to any worker in any environment,” suggested it could be summed up in a single word: regulation. Payment regulations, prepaid card regulations, controlled currencies,” Monty began.

Payments 100

Payments New York City Regulation Taxes 100

PYMNTS

JANUARY 1, 2021

Smart ATMs are being leveraged en masse to provide a similar range of banking transactions as can be accomplished by human tellers, and many banks are also deploying virtual video meetings so customers can interact with bank staff without leaving the comfort and safety of their homes. regulations.”. Digital Identity.

Trends 259

Trends Video Retail Payments 259

NCR

APRIL 27, 2018

Although many countries in the region are starting from a low base, with relatively few citizens engaged with the banking system and infrastructure in need of improvement, wider internet availability and increasing use of technology such as mobile devices are enabling many more people to access banking services. A changing environment.

Innovation 56

Innovation Regional Regulation Mobile 56

PYMNTS

FEBRUARY 26, 2019

To compete with legacy banks and serve unbanked populations, several digital-first and digital-only challenger banks have emerged and are providing financial services through smartphones, which are owned by more than half of adults in the region. Those outside the financial fold had even fewer options.

America 122

America Security ATM Fraud 122

CFPB Monitor

APRIL 29, 2015

The CFPB announced yesterday that it had reached a settlement with Regions Bank regarding claims that the bank unlawfully charged overdraft fees to customers who had not opted-in for overdraft coverage. The consent order requires Regions to pay a $7.5

Regional 60

Regional ATM Report Regulation 60

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. Although the final rule does not require a bank to delineate an assessment area where it maintains only a deposit-taking ATM, the final rule permits a bank to do so.

Community 97

Community Lending Meeting Retail 97

NCR

JULY 14, 2016

Name a region – from the EU to the U.S. and Canada – and regulators and industry groups are working on it. The blizzard of sources from which transactions might be initiated – such as ATM or mobile banking service; text or messaging service – is only going to increase. The task at hand is urgent and complex.

Payments 40

Payments System ATM Regional 40

American Banker

JUNE 29, 2016

Supreme Court in its upcoming term will hear a fight over automated-teller-machine fees that pits the interests of independent cash machine operators and consumers on one hand against two major card networks and several megabanks on the other.

Operations 29

Operations ATM Cards Regional 29

NCR

APRIL 13, 2017

The UK Payment Systems Regulator’s (PSR’s) annual Access and Governance of Payment Systems report projects that 2017 is expected to be a “record breaking year” when it comes to access to payments systems. Open banking increases access. million ($3.12 million) and £4 million upfront for access to the market.

Marketing 72

Marketing Payments Metro System 72

CB Insights

FEBRUARY 1, 2019

The OJK, Indonesia’s financial services regulator, is already starting to clamp down by launching a selective registration process and shutting down unlicensed firms that continue to operate. In the past, payments on e-commerce marketplaces such as Lazada largely happened via ATM. in loans in 2018 vs. $182M in 2017.

Policies 61

Policies Lending Operations Examples 61

Jeff For Banks

MARCH 29, 2014

Because our of technological capabilities, including worldwide free ATM withdrawals, sophisticated on-line banking capabilities, electronic funds transfer capabilities, and economical remote deposit solutions, we believe we can be the primary bank for most customers no matter where they are located. Texas Capital Bancshares, Inc.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

Lars Markull

JULY 1, 2020

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines. .

Risk Management 69

Risk Management Data Examples United States 69

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Demo: Customer Insight Dashboard for Regional Manager who can view their forward looking metrics such as customer attrition and look forward several quarters. Regulated Financial Institution. Average return of 13% per year.

social media 40

social media ATM Mobile Customer Experience 40

Tomorrow's Transactions

MARCH 16, 2016

PIN is the most secure authentication technology currently available, and retailers should have the option to require PIN on credit and debit card transactions—the same protection provided at ATMs. From Convenience Retail Industry’s Message to Capitol Hill | NACS Online – Media – News Archive.

Retail 30

Retail Cards Fraud US 30

Lars Markull

JULY 1, 2020

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines. 

Risk Management 52

Risk Management Data Examples United States 52

NCR

SEPTEMBER 16, 2016

The credit union we spoke with has ATMs in each town, and offers online and mobile banking, but both locations are fully staffed and continue to operate as traditional branches. We’ve seen things like micro branches and automation, but we don’t do it,” the general manager told us. Being part of the community really does matter.

Community 40

Community New York City Management US 40

CB Insights

JUNE 17, 2020

In the case of telemedicine, government entities eased privacy regulations to facilitate more comprehensive remote diagnostics. Tech giants aren’t the only companies that have spotted the opportunity in remote diagnostics — some biotech companies have moved quickly to demonstrate value and capitalize on the eased regulations as well.

Industry 101

Industry Technology Online Video 101

CB Insights

OCTOBER 31, 2019

Wells Fargo’s iteration can understand and answer questions like ”Where is the nearest bank ATM?“ Chatbots could help mitigate some of these problems by streamlining patient engagement and increasing access to care in underserved regions. Swedbank, Capital One, SEB, and Wells Fargo have all introduced bots for similar purposes.

Industry 78

Industry Examples Tools Retail 78