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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources. percent through 2028, according to Boston Consulting Group. 5) that it is integrating AvidPay into its BankTEL product suite, which is designed for financial institutions (FIs) to manage accounting and expenses.

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Fed Task Force Releases Payment Lifecycles And Security Profiles

PYMNTS

Established in June 2015 , the Secure Payments Task Force has engaged more than 200 financial institutions, consumer groups, payment service providers, financial technology firms, merchants, government agencies and others interested in payment security improvement efforts.

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Getting Mobile Ready

Independent Banker

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

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Credit Unions Light it Up at GAC 2018!

Filene

Center for Performance and Operational Excellence: Fiserv, Christian Financial CU, Alliant CU. Center for Emerging Tech: CO-OP Financial, BECU, Coastal CU, and our newest center sponsor, SchoolsFirst FCU! Keeping pace with emerging financial technologies.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Diana Chin (HR & Operations). This is an extension of business services, powered by a local community bank. This certainly adds a lot of technological capacity to the community bank. Malauzai enables the community bank to build their own app, “local mobile wallets.” Virtual reality? Interesting demo.

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