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Today In Payments: Amex Grows BNPL Options; Facebook Unveils Commerce Accelerator Plans

PYMNTS

The DOJ has reportedly raised questions regarding possibly antitrust issues if Intuit, the TurboTax maker, takes over its past competitor that provided complimentary tax preparation technology. Google Expands Digital DDA Program To Six New FIs. BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’.

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KeyBank On Fighting APP Fraud During The COVID-19 Pandemic

PYMNTS

Fraud targeting digital banking users has been around as long as digital banking itself, but it has recently become more prevalent. The pandemic is exacerbating the problem, with a study finding that 22 percent of Americans were the targets of pandemic-related fraud attempts as of March.

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Not Down For The Count, Cash Still Counts For Plenty

PYMNTS

The Cardtronics executives noted that the studies are not all that surprising, and where once the findings reflected increasing cash adoption across, say, Europe, recent research has borne out the same trends in Europe and the Americas. Cards are perhaps proving a sticking point in the move toward electronic payments.

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AutoGPT Will Change Your Bank

South State Correspondent

Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. It then figured out how to segment the CRM list of customers by various factors and further personalize the emails.

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Two Executive Views of Digital Transformation, and Why They Both Matter

Gonzobanker

Executives at the financial institution who have responsibility for customer service, digital banking and retail sales have one perspective. This translates to lost revenue of $110 billion pre-tax at banks and $10 billion at credit unions. The loan-to-deposit ratio at both banks and credit unions is 11% lower in a year.

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ANZ and Deutsche Bank tell it like IT is

Chris Skinner

He knew when he took over the bank was a basket case, tarnished by a raft of regulatory and legal problems which include probes into alleged manipulation of benchmark interest rates, mis-selling of derivatives, tax evasion and money laundering.

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Taking on Fraud: Part One

ZootBlog

In early February we saw the shocking $81 million heist from Bangladesh’s central bank. As tax season approached, data from the Federal Trade Commission declared that tax refund fraud was responsible for a nearly 50 percent increase in consumer identity theft complaints in 2015. Call-center fraud is also on the rise.

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