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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

Last week, Nacha held its Smarter Faster Payments Conference in Miami, a significant event for over 1,800 bankers and vendors. With our team of eight members at the conference, we were able to provide comprehensive coverage and distill the ten most essential insights for you.

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Bank Innovation Completely Overhauls 2018 Conference Agenda

Bank Innovation

EXCLUSIVE- Bank Innovation has released the agenda for its seventh annual fintech conference, and it is completely overhauled to enhance the event experience for attendees.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.

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3 Money Management Startups to Watch

Bank Innovation

market gets saturated with various P2P apps, consumers are demanding that Venmo or Apple Pay or whatever platform they are using provide them with some money-management capabilities as well. Even at major fintech conferences such as Finovate in Santa Clara, Calif., […]. As the U.S.

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JPMorgan’s Mobile Customers Surge 10 Pct; Management Cautious On Economic Environment

PYMNTS

On a conference call with analysts to discuss the quarter’s results, CFO Jennifer Piepszak noted that the release represents the “resilience” of J.P. Reserves were held flat on the card business, standing currently at $17.8 That activity ties in with the near-term uncertainty of the economic landscape, said management on the call.

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Citigroup To Market Digital Bank To Credit Card Customers

PYMNTS

Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. With a market value of $175 billion, Citigroup is the fourth-biggest U.S. That amounts to an approximate 0.7 percent stake. bank by assets.

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Goldman Sachs COO Teases New Money Management Product

PYMNTS

The chief operating officer of Goldman Sachs said the bank is working on a digital money management tool in an attempt to attract more customers from Main Street, according to a report by Reuters. “We Management is targeting growth in the U.S. We estimate there are over $4 trillion consumer deposits in the U.S.