PYMNTS

NOVEMBER 22, 2020

U.S. taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the Wall Street Journal reported Saturday (Nov. 21). The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. Department of Education and two private consultants that helped the agency review the situation, the WSJ reported.

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Report Chicago Analysis Taxes 283

Payments Source

NOVEMBER 22, 2020

In 2017 the creators adapted the technology into a touchless restaurant order-and-pay system that’s seen exponential demand during the pandemic, as dining establishments race to replace paper menus and card payment devices with contactless alternatives.

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Payments System Cards Technology 123

PYMNTS

NOVEMBER 22, 2020

Despite a recent surge in coronavirus cases, retailers are fighting for a rework and loosening of shopping restrictions before Black Friday and the holiday season. Retailers like Macy’s are arguing to remove the classifications of “essential” and “non-essential” for businesses, a distinction that has been contentious since the beginning of pandemic, CNN reported.

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Retail Online Meeting Report 270

BankBazaar

NOVEMBER 22, 2020

The pandemic is far from over with multiple cases being reported every day. Venturing out unnecessarily is still not safe. Smartphones have solved a big problem by allowing us to manage our funds while sitting at home or the office. However, you need to be careful. Let us help! Nowadays, most of us use our smartphones for mobile banking for which, we enter some crucial information such as bank account numbers, passwords Credit Card details etc. on our smartphones.

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

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NOVEMBER 22, 2020

A scam involving a supposed customer service representative from Cash App has robbed several people of as much as thousands of dollars, a report from ABC 7NY says. One user, Sherita Reese, quoted by the piece, says she'd recently had trouble accessing Cash App on her phone, despite having used it several times. She made a call to a number she found on Google and was eventually connected to a man claiming to be a supervisor with the company.

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Google Fraud Report Company 252

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. The report notes that this service will first be introduced in Denmark and then rolled out to other Nordic region countries, and can be accessed through an app letting users track vouchers and outstanding payments for purchases or outlays made on their Mastercards.

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Cards Payments Innovation Regional 221

Banking Exchange

NOVEMBER 22, 2020

The Bank of America was picked by the Italian government to co-lead on an attempt to secure a merger for bank Monte dei Paschi Management Feature Feature3 M&A.

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America Security Management 78

PYMNTS

NOVEMBER 22, 2020

Raiffeisen , the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement says. The statement says the service, set to debut next spring and marketed to businesses of any size, will come with a range of things including "standardized data exchange (EBICS), secure payment release (remote authorization), interbank retrieval of account information (multibanking), tools for liquidity planning and manage

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Management Payments Groups blockchain 193

TheGuardian

NOVEMBER 22, 2020

NatWest denies accusation made by Bill Browder in thinktank report into practice of ruining reputations A longstanding critic of Kremlin corruption has accused NatWest of closing his bank account in the UK because it had been influenced by an intense and pervasive “black PR” campaign mounted against him by Russian actors in their home country. “Black PR” is a term referring to a series of connected practices used by Russian state and non-state actors seeking to discredit individuals as part of p

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Report Groups 88

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

Report

PYMNTS

NOVEMBER 22, 2020

In yet another pandemic-related shift to normal life, the way people buy cars is changing in America, according to The Wall Street Journal. Due to factory closures from the spring, dealers don't have the same stock as they once did. And because of that, many buyers are having to order cars online and wait a few weeks for them to be delivered — a move running contrary to some consumers' desire for instant gratification.

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Survey Training America Online 193

Payments Source

NOVEMBER 22, 2020

While digital pay innovation was once seen as a “nice-to-have” benefit, it's quickly becoming integral to business survival, says LendingFront's Jorge Sun.

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Lending Payments Innovation Fintech 83

PYMNTS

NOVEMBER 22, 2020

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. The WSJ reported that Boston-based Bain raised the funds even though other global impact funds have struggled with fundraising this year, drawing just $14.6 billion through Nov. 20 compared with $76.2 billion through the same date in 2019.

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Capital Policies Massachusetts Boston 188

ATM Marketplace

NOVEMBER 22, 2020

Gain insight into the cost savings and benefits that have been achieved by two major banks from switching to key-less ATM and Branch Access management.

ATM 79

ATM Management 79

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

PYMNTS

NOVEMBER 22, 2020

Credit Key , which works in payments and lending, has raised $33.85 million towards its buy now, pay later (BNPL) model, a report says. The company raised the newest funds from Greycroft, Bonfire Ventures and Loeb.nyc, alongside other, unnamed investors. Credit Key offers businesses an alternative payment solution intended to give financing for purchases at the point of sale.

Lending 180

Lending Payments Tools Report 180

Banking Exchange

NOVEMBER 22, 2020

Recruiting and retaining talent is difficult Management Feature Human Resources Financial Trends Feature3 People The Human Element.

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PYMNTS

NOVEMBER 22, 2020

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels not seen in years, economists told the Wall Street Journal. One reason for inflation as measured by the Consumer Price Index — a widely-watched measure of economic activity — is that businesses in some sectors will take time to rebuild workforces to levels sufficient to meet pre-COVID-19 demand, but event

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Policies Report Meeting National 167

ATM Marketplace

NOVEMBER 22, 2020

Hyosung is proud to introduce the most powerful tool in the ATM maintenance business – moniMOBILE. It’s the first mobile app for ATM maintenance. This white paper informs merchants and operators how to easily manage their own Hyosung ATMs.

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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NOVEMBER 22, 2020

Google is debuting a new crowdsourcing feature in India called “Task Mate” with the aim of helping people earn money through small jobs, a report from 9to5Google says. The feature is currently in the early stages and limited to “selected testers,” the report says, but the process will let users seek out various tasks, complete them and then cash out earnings through a registered e-wallet account or through the in-app payment partner.

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Google Report Company Payments 165

ATM Marketplace

NOVEMBER 22, 2020

The 5100T is a through-the-wall ATM that delivers high availability and offers a wide variety of optional modules along with traditional service offerings. The 5100T offers best in class reliability, security, and high capacity. It can easily scale up after installation to suit growing demand.

ATM 54

ATM Security 54

PYMNTS

NOVEMBER 22, 2020

Deutsche Bank is looking to acquire firms or enter into joint ventures with other companies in a bid to become a significant player in Europe's digital payments market, the Financial Times reported Sunday (Nov. 22). "Digital payments are one area with the highest strategic priority for us,” Stefan Hoops, head of the German financial services giant's corporate bank, told the Financial Times, according to the paper, adding: “Non-organic growth is clearly an option?.?.?.?

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Payments United States Meeting Examples 161

ATM Marketplace

NOVEMBER 22, 2020

The FORCE ATM is packed with features for operators, including a vault light, wireless mounting & power, brightness control, optional security camera, up to 6K note capacity and much more.

ATM 54

ATM Security Operations 54

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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

Compliance

PYMNTS

NOVEMBER 22, 2020

Western Union Co. has entered into a deal to buy up to 15 percent of Saudi Digital Payments Co. , also called stc pay, for up to $200 million, the Denver-based buyer announced today. Saudi Digital Payments — stc — is a wholly owned subsidiary of Saudi Telecom Co. Western Union stated in today's release that with the purchase, the companies have “extended the terms of their commercial relationship.”.

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Payments Denver Regional Strategy 151

MerhantsBanks

NOVEMBER 22, 2020

This is the time of year to pause and give thanks. Given the tumult all of us have experienced throughout 2020, maybe simple words like thank you and have a nice day carry even greater meaning for this upcoming holiday season. Please know that our gratitude for the trust and confidence you continue to place […].

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Company US 52

PYMNTS

NOVEMBER 22, 2020

Malicious actors have now managed to momentarily take control over several cryptocurrency platforms by scamming employees at GoDaddy, the domain hosting service for these sites, in multiple attacks. On Nov. 18, NiceHash discovered that hackers had been able to briefly redirect email and web traffic to privateemail.com, operated by Namecheap Inc. The actors were able to access the accounts after altering the settings for the cryptocurrency mining service’s domain registration at GoDaddy without p

cryptocurrency 131

cryptocurrency Bitcoin Security Innovation 131

ATM Marketplace

NOVEMBER 22, 2020

Being the ideal solution for off premise environments, the 5300 offers an advanced design and includes a user-friendly interface displayed on a 15” screen.

ATM 54

ATM 54

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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