PYMNTS

JANUARY 7, 2021

Department stores like Sears, JCPenney, Lord & Taylor and others have either gone under or closed hundreds of stores, threatening to take down shopping malls where they once served as anchor tenants — but dollar stores are booming. Dollar Store Chains Are Expanding . Same-store sales likewise expanded 17.5 percent to $839.1

Capital 235

Capital Course Examples Report 235

Payments Dive

OCTOBER 30, 2018

Not only do card fraud losses take a dollar-for-dollar toll on bottom line profitability, card fraud blights the customer experience—undermining consumers' trust and collectively costing issuers millions annually in lost business.

Fraud 219

Fraud Cards Customer Experience Payments 219

Bank Innovation

SEPTEMBER 13, 2019

Mastercard is doubling down on its prepaid card business, which it sees as fuel for the rise of many consumer-facing fintech companies. During its investor day on Thursday, the payments giant said its prepaid card business grew 19% in gross dollar volume from the first half of last year.

Cards 225

Cards Fintech Payments Company 225

American Banker

JUNE 2, 2022

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Community Bank 78

Community Bank Community 78

South State Correspondent

JANUARY 10, 2024

Many banks allocate marketing dollars evenly across all customer deciles of profitability. As such, a bank should allocate greater sales, marketing, and product dollars to this effort. Finally, the type of business tends to be of higher profitability. This equates to a 63% risk-adjusted return.

Management 195

Management Examples Marketing Millennials 195

South State Correspondent

MARCH 14, 2024

Focusing on the Right Aspects of Strategy If you look at the sensitivity in a bank’s budget, $1 of investment in a new line of business usually doesn’t break even for two to three years. $1 If you are a typical banker and you agree with the above, then your conclusion will likely be that 2025 should be spent focusing on your core business.

Innovation 195

Innovation Strategy Capital Comparison 195

PYMNTS

APRIL 2, 2020

Those who use Brex as their primary corporate cardholder will find themselves reaping the benefits: seven points per dollar for remote work tools, three points per dollar on food delivery, two points per dollar on recurring software. For everything else, there will be an extra one point per dollar.

Cards 141

Cards Software Video Tools 141

PYMNTS

JANUARY 31, 2021

Kindambu, 49, “carried out the scheme in connection with two businesses that he owns by creating fraudulent payroll documentation for each business, and then submitting that documentation in support of the PPP loan applications,” the U.S. District Attorney’s Office for the Eastern District of Virginia stated in the release.

Virginia 222

Virginia Fraud Taxes Meeting 222

Abrigo

OCTOBER 28, 2021

Takeaway 2 Cyber attacks and cyber fraud are more than just hard dollar losses. If the evaluation indicates that the department needs more resources or improved technology to save hard dollar fraud losses, this will be the starting point for the business case. Assess the IT Infrastructure.

Video 195

Video Fraud Training Analysis 195

PYMNTS

DECEMBER 1, 2019

Judge Lucy Koh ruled in May that Qualcomm, the world’s largest supplier of mobile phone chips, is a monopoly and has to change the way it does business. Intel Corp told the court that Qualcomm’s licensing practices forced it to sell its smartphone modem chip business to Apple at “a multi-billion dollar loss.”

San Diego 243

San Diego Apple Groups Compliance 243

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. In the United States, the digital dollar was floated in a draft proposal of one of the early stimulus bills. The effort toward digital dollars may be getting a bit of a nudge from the private sector, too.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

DECEMBER 26, 2019

Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. After its rollout in Exuma, the sand dollar will be released in Abaco in the first half of 2020. Businesses can’t transact more than one-eighth of their digital wealth per month, either. 27) in Exuma.

System 209

System cryptocurrency Digital Banking Survey 209

Bank Innovation

AUGUST 22, 2019

Bank of America is seeing encouraging early uptake of business-to-business payments through Zelle, with 180,000 small businesses having sent money through the service since it launched in June.

America 150

America Innovation Payments Customer Experience 150

PYMNTS

APRIL 15, 2020

In just over a week, the Paycheck Protection Program (PPP) has approved more than one million loans, for a total gross dollar value, as of April 13, of $247.5 Those loans, the Small Business Association (SBA) stated in the “Paycheck Protection Program Report,” were sourced across 4,664 lenders. percent of the approved dollars, or $21.2

Survey 201

Survey Texas New York California 201

Abrigo

AUGUST 22, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." Takeaway 3 Watch out for business email compromise and the use of checks. Lottery/Sweepstake Winnings: Scammers send a letter saying you won a lottery or sweepstake with a check for a couple of thousand dollars. Check Fraud.

Fraud 195

Fraud Trends Survey Technology 195

PYMNTS

MAY 28, 2020

Amid increases in average transaction amount and shopper traffic, Dollar General Corporation reported that same-store sales rose 21.7 Dollar General reported net sales of $8.4 The news comes as Dollar Tree Inc. Dollar Tree Inc. Dollar Tree Inc. percent for fiscal year 2020 Q1 compared to Q1 2019. reported a 15.5

Operations 131

Operations Community Report Retail 131

PYMNTS

JUNE 8, 2020

stimulus distribution involved a new “ digital dollar.” That could have meant a balance expressed as a dollar value comprised of digital entries, recorded as liabilities in Federal Reserve bank accounts, or an electronic unit redeemable by a legitimate financial institution, the document said.

blockchain 338

blockchain cryptocurrency Maine National 338

Abrigo

JANUARY 17, 2024

Introduction The fight against human trafficking and your AML program A key mission of FIs is to support the local businesses, organizations, and the causes that make their communities better. Yet these funds add up to a billion-dollar industry. But there are numerous red flags AML professionals can spot to help identify human trafficking.

Training 259

Training Community Software Texas 259

Bank Innovation

MAY 16, 2018

Small business loans might be small in dollar amounts, but the SMB customer may be the most profitable customers to a bank. And yet, since the credit crisis, banks have not returned to meet the expanding need for SMB loans. This has paved the way for many fintechs to fill that gap, that is, until […].

Meeting 231

Meeting Fintech Operations Lending 231

Abrigo

DECEMBER 27, 2022

Takeaway 3 Stay one step ahead by updating your fraud mitigation processes to detect and prevent fraud schemes before they become hard dollar losses. For every dollar of fraud losses consumers incur, financial institutions spend $4 in associated costs. Business and investment fraud. Past and future trends. Familiar fraud trends.

Fraud 195

Fraud Trends cryptocurrency Software 195

BankInovation

MAY 11, 2022

Loan automation platform Upstart on Monday announced the launch of its Small Dollar loan, as well as a new product for small- and medium-sized business (SMB) lending. Small Dollar loan is for personal, payroll-based loans of around $1,000 or less.

Lending 96

Lending 96

PYMNTS

JULY 13, 2020

Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Using that method, Ponle and Abbas allegedly got as much as tens of millions of dollars. based crypto in order to access businesses, Cointelegraph reported.

Bitcoin 216

Bitcoin social media Report Industry 216

Bank Innovation

MAY 30, 2019

The goal is to facilitate cheaper, more transparent cross-border money transfers for international businesses and affluent individuals with $1 million dollars or more […].

blockchain 170

blockchain 170

PYMNTS

DECEMBER 18, 2020

Even worse, Tinsley noted, coupons tend to be an absolute magnet for fraudsters, who extract hundreds of millions of dollars in illicit value from them annually. As a Platform-as-a-Service business, SKUx serves end consumers who won’t know the identity of the company. Making Incentives Smart . Recreating The Consumer Mindset .

Branding 251

Branding Retail Maine Course 251

PYMNTS

DECEMBER 30, 2020

Walmart said that in the third quarter of this year, its eCommerce business grew by about four-fifths. With more customers purchasing online, resulting in increased web traffic on Walmart's digital platforms, the retail media business is experiencing the same acceleration in its momentum, too,” the release added.

Retail 151

Retail Online Groups Google 151

PYMNTS

MAY 19, 2020

A Texas man is facing charges of filing fraudulent loan applications seeking more than $5 million in forgivable loans from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), according to the U.S. PPP loan proceeds must be used by businesses on payroll costs, interest on mortgages, rent and utilities.

Texas 205

Texas Fraud Taxes Security 205

PYMNTS

APRIL 10, 2020

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. And in that scenario, the hundreds of billions of dollars in lending may not be enough for us to truly emerge from the economic devastation of COVID-19.

Lending 338

Lending Maine New York Survey 338

PYMNTS

DECEMBER 11, 2019

The company will allow the use of three stablecoins: Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX). With the three tokens, users will not only be able to pay businesses like Microsoft or Avnet, but they’ll also be able to pay family, friends or individuals. .

Bitcoin 130

Bitcoin Payments blockchain cryptocurrency 130

PYMNTS

APRIL 29, 2020

For the first time since a small business loan program was launched, small lenders have been moved to the front of the line. The SBA’s move follows criticism that the first round of the $310 billion program that opened on April 3 was intended to get money into the hands of the small businesses. On Wednesday (April 29) the U.S.

Los Angeles 262

Los Angeles National Company 262

PYMNTS

APRIL 20, 2020

Australian Small Business & Family Enterprise Ombudsman Kate Carnell is calling for federal legislation mandating that small- to medium-sized businesses (SMBs) be paid in 30 days, according to a LinkedIn post she wrote. That’s why it is more important than ever to ensure small businesses are paid on time.”.

Payments 151

Payments Policies Survey Company 151

PYMNTS

OCTOBER 9, 2020

million in federal Paycheck Protection Plan (PPP) funds, which are backed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8

Texas 142

Texas Fraud Dallas Taxes 142

Bank Innovation

DECEMBER 11, 2018

Barriers to switching primary banks are lower than ever for both consumers and businesses. As the battle for account holders’ dollars and attention heats up, it’s critical for banks to […]. Banks are in an unprecedented era of intense competition for customers.

Online 170

Online Mobile 170

PYMNTS

JANUARY 16, 2020

“They may have put in a billion dollars,” Goyal said at the New Delhi security conference Raisina Dialogue. But then if they make a loss of a billion dollars every year then they jolly well have to finance that billion dollars. So it’s not as if they are doing a great favor to India when they invest a billion dollars.”.

Conference 131

Conference Retail Branding Meeting 131

PYMNTS

NOVEMBER 22, 2020

Niels Bang-Hansen , head of business banking for Danske in Denmark, said the new service would help to cut down on time and boost efficiencies. We want to help them with that, and we consider it only natural, and also efficient, to offer this service as part of the customers’ business relations with us.”.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

MARCH 26, 2020

In other news, the Digital Dollar Project unveiled its first advisory group members that include former regulators, business people, and educators, among others, according to an announcement from the organization. The Digital Dollar Project seeks to “promote [the] establishment of a U.S.

Bitcoin 167

Bitcoin blockchain Capital Analytics 167

PYMNTS

OCTOBER 21, 2020

The banking giant’s FinTech solution will be introduced with an associated business checking account. . Jen Roberts, CEO of the Chase business banking unit, told CNBC that a big percentage of its three million-plus SMB customers will be moved to QuickAccept. Square, for example, charges a 1.5% fee for instant transfers.

Fintech 309

Fintech Conference Cards Payments 309

PYMNTS

JULY 2, 2020

dollars, but will eventually support other currencies as well. Commodity Futures Trading Commission and founder of the Digital Dollar Project, said digitizing the US dollar would “future proof” the greenback. Mike Crapo (R-Idaho) said digital dollar and stablecoins are “inevitable, beneficial, and the U.S.

blockchain 226

blockchain Idaho Regulation Bitcoin 226