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Giving Community Banks The Contactless Card Boost

PYMNTS

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. ICBA Bancard’s 1,600 community bank customers have issued more than 7.3 million payment cards, Giorgio said. Hip Contactless.

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Community Banks Accelerate FinTech Integrations

PYMNTS

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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PSCU And Welcome Technologies Team Up On Credit Card Aimed At Immigrants

PYMNTS

Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.

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Mastercard Debuts NextGen Contactless Technology

PYMNTS

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. Ecos’s specifications say that any device will be able to be used as a payment device, making it less necessary to carry backup cards or payment methods.

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Discover finds tech upskilling model in Chicago hub

Payments Dive

The card issuer looks at the Chatham call center and technology hub as a model for site selections, hiring procedures, customer service experience and community development.

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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks. Spread the word.

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Cloud Technology For FIs, Debit Cards, Potential Credit Card Default Crisis Top This Week’s News

PYMNTS

We have deep dives into cloud technology for financial institutions (FIs), debit cards and a potential credit card default crisis. Synchrony CEO Warns Of US Credit Card Default Crisis. Venmo’s New Boss On Scaling And Monetizing The Venmo Community. Trackers And Reports.

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