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Rebeca Romero Rainey: Shifts in lending

Independent Banker

Remember, not that long ago, when a loan card was handwritten on a one-page form? While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed.

Lending 141
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SaaS Platform Kount Partners With Verifi To Help Firms Minimize Disputes, Fraud

PYMNTS

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company. In June, Visa signed an acquisition agreement with Verifi.

Fraud 183
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Kount Offers Anti-Fraud Product Aimed At Insurance Industry

PYMNTS

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. Kount’s products help “insurance companies identify visitors, manage leads, and determine who is shopping for a quote.”. In a Tuesday (Aug.

Fraud 234
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The Pandemic’s Push For The FI/FinTech ‘Win-Win’

PYMNTS

Necessity being the mother of invention, consumers rapidly reset their lives around digital across the board — from working to shopping to learning to managing their financial lives online. Is a given FinTech looking ahead to technology shifts to things like real-time transaction cards? What is the process implementation period like?

Fintech 224
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BEC Run Out Of Detention Center Nets Millions

PYMNTS

As for the locale: Search warrants, noted by ZDNet , were served on those individuals in an immigration detention center, yielding 16 mobile phones, various SIM cards and a number of electronic storage devices. The scam, which used those devices and deployed email methods, netted more than $3 million in Australian currency.

Idaho 153
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Why Senior Debt Has Spent Two Decades Spiking

PYMNTS

credit card debt hit an all-time high of $930 billion, higher than the previous peak hit just ahead of the financial crisis of 2008. Much of the attention out of that report went toward the uptick in delinquencies that has followed up with the increase in card debt. About two weeks ago, U.S.

New York 130
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Kicking The Paper Check From Its Public Payment Perch

PYMNTS

While paper checks are increasingly passing into the realm of consumers’ memory, there are certain niches where they have managed to hold on, even as the rest of the world tries rather adamantly to move on. In addition to that, we’re working on a biometric card, which could have an interesting application and government disbursements.

Payments 188