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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

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What U.S. Bank Is Doing To Drive Virtual Card Adoption

PYMNTS

Virtual cards allow AP departments better control over expenses and cash flow, improve operational efficiencies and guard against card fraud. In the Next-Gen AP Automation Tracker , PYMNTS examines how banks can educate firms and vendors on the benefits of virtual cards, and weave the input of all the stakeholders into the implementation.

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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Popular Bank will serve as an initial corporate partner alongside organizations including AT&T, Panasonic and New Jersey Community Capital.

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BauerFinancial Recognizes Popular Bank

PopularBank

It is particularly meaningful given the unprecedented environment that both Popular Bank and the financial industry have had to navigate. We greatly appreciate BauerFinancial’s five-star rating,” said Manuel Chinea, Chief Operating Officer, Popular Bank. To learn more, visit PopularBank.com or call 1-800-377-0800.

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BNY Mellon’s AI-Based Fraud Detection Initiative

PYMNTS

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. Faster payments have also contributed, as banks now have less time to identify fraudulent transactions.

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Online Gambling And The Challenges Of Betting On Instant Disbursements

PYMNTS

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. consumers without access to digital banking tools to receive their stimulus checks and other payments more easily.

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Now is a prime time for digital account opening

Independent Banker

When they can’t—or simply don’t want to—come to a branch, being able to open an account digitally is important, and increasingly in demand. customers expect to increase their use of digital banking channels once the COVID-19 crisis passes. Miller is a writer in New Jersey. Keep vigilant. Tiffany Lukk.

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