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HSBC’s Banking Robot Debuts In Miami

PYMNTS

HSBC Bank USA, a unit of HSBC Group, announced Thursday (May 30) the launch of Pepper, the humanoid robot it developed with SoftBank Robotics America, in Miami. In a press release , HSBC said Pepper is being deployed in a retail branch in Miami, marking the first time Pepper has been deployed in Florida.

Miami 108
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Avoiding AML compliance penalties – Tips from a former regulator

Abrigo

A few years ago, a small credit union in Miami Gardens, FL, shut its doors due to a $300,000 civil money penalty assessed for their anti-money laundering (AML) failures. These MSBs were located in high-risk jurisdictions outside the Miami credit union’s field of membership and outside the United States.

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Visa Expands Contactless Public Transportation Payments Due To Pandemic

PYMNTS

Visa and Cubic have already launched contactless systems in cities around the world, including London, Miami, New York, Sydney and Vancouver. A customer taps their contactless card or contactless-enabled mobile phone at the terminal, and then they are ready to ride, the release states.

Payments 228
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ClassWallet Unveils Expense Tool For School Maintenance

PYMNTS

Miami-based FinTech ClassWallet has grown its classroom expense management offering to help with the requirements of custodial and maintenance workers in primary and secondary schools, according to a Monday (Jan. The tool also gives full management to facilities managers and eliminates paperwork, according to the announcement.

Tools 154
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FIs Embrace FinTech Options To Bolster Business Banking

PYMNTS

City National Bank, Extend Pair On Virtual Cards. To launch its new virtual commercial card offering, City National Bank is working with FinTech Extend, the companies recently revealed. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering.

Fintech 142
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Default Rates Remain Stable In First Month Of New Year

PYMNTS

In a press release , the companies said the bank card default rate rose 8 basis points to 3.4 The rate for Miami increased 26 basis points to 2.19 “The uptick in the bank card default rate combined with a decline in the auto default rate reflects volatility in the consumer economy,” David M.

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How To Issue More Credit Cards With Predictive Analytics

FICO

Shanghai Pudong Development Bank Issued More Than 9 Million New Credit Cards Last Year Using FICO Originations. Shanghai Pudong Development Bank (SPDB) Credit Card Center, a credit card lending pioneer in China, has increased its customer base using originations powered by technology from analytics software firm FICO.