Payments Dive
APRIL 9, 2024
Senate Judiciary Committee Chairman Dick Durbin postponed a plan to call credit card chieftains on the capitol carpet at a Tuesday hearing, but he’s still aiming to get them to Washington.
South State Correspondent
APRIL 9, 2024
We estimate that the average contractual loan commitment for term credit at community banks has decreased from just under five years in 2022 to just under three years currently. The primary reason for this shift is not a change in borrowers’ business models or banks’ preference for repricing term loans, but rather, borrowers’ decision to seek short-term financing in anticipation of the Federal Reserve embarking on an interest rate cutting cycle.
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Payments Dive
APRIL 9, 2024
The bureau will refer “potentially criminal conduct,” including “anti-competitive mischief,” to the DOJ for action, CFPB Director Rohit Chopra said Monday.
BankInovation
APRIL 9, 2024
JPMorgan Chase’s chief data and analytics officer sits within its operating committee to keep up with ongoing AI investment and implementation bankwide. Appointed in June 2023, Chief Data and Analytics Officer Teresa Heitsenrether serves on the $3.
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TheGuardian
APRIL 9, 2024
The company seems to hold me entirely responsible for the fact £40,000 was stolen I desperately need help after falling victim to a scam resulting in my Revolut business account being emptied of £40,000. The company is refusing a refund. It happened in February while I was staying up a mountain in Italy with no internet and a poor mobile phone signal.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
APRIL 9, 2024
Digital bank OakNorth is in the early stages of testing to provide wire banking services in the United Kingdom. The London-based bank is beta-testing business banking services, including operational accounts, cards and payments, Chief Executive Rishi Khosla told Bank Automation News. Founded in 2015, the $4.
American Banker
APRIL 9, 2024
It's a substance that literally grows on trees, and is just as compostable. But like any other proposed alternative to first-use plastic, wood comes at a premium to any issuers that want to adopt it.
ATM Marketplace
APRIL 9, 2024
Surcharge free ATMs allow banks to expand their services outside of branches.
American Banker
APRIL 9, 2024
A solid majority of decision-makers at these companies expect to expand their workforces again this year, a Citizens Financial survey found. Loan losses are normally low in eras of economic expansion.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
Realwired Appraisal Management Blog
APRIL 9, 2024
“The appraisal industry has so many opportunities if we work together”, Cindy Chance Ph.D. and CEO of the Appraisal Institute. Cindy was gracious to present at our recent Chief Appraiser FIVA (Financial Institution Valuation Advisors) meeting. 5 Takeaways As an Appraisal Institute member for decades, I get it.
American Banker
APRIL 9, 2024
The financial services firm is using Google Cloud's Vertex AI platform to help customer service agents quickly locate and understand policies when answering queries.
ABA Community Banking
APRIL 9, 2024
Community bankers are showing slightly more confidence in the future economic conditions but still have concerns, particularly about regulatory burden, according to the latest Community Bank Sentiment Index/ The post Survey: Community bankers remain concerned about economy, regulation appeared first on ABA Banking Journal.
American Banker
APRIL 9, 2024
The Ann Arbor, Michigan-based fintech is working with two Michigan credit unions to pilot a service that allows consumers to jointly save for purchases.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
The Paypers
APRIL 9, 2024
Netherlands-based EV charging platform Road has partnered with Worldline to address payment processing and regulatory burdens for EV charge point owners.
American Banker
APRIL 9, 2024
As American Express has evolved with new products, its largest digital design team is rethinking how to finesse online and mobile design with the customer at the forefront.
The Paypers
APRIL 9, 2024
dLocal has announced its partnership with payroll and payments platform Papaya Global in order to enable firms to easily handle workforce payments around the world.
American Banker
APRIL 9, 2024
Cloud-based tech giants like Amazon, Google and Uber are changing the economy, and not for the better, asserts Yanis Varoufakis, a former finance minister of Greece and a professor at the University of Athens, who has written a book about the dangers of what he calls the "cloudalists.
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The Paypers
APRIL 9, 2024
Global fintech company specialising in payments, Unlimit , has become the lead investor in payment orchestration platform Paytring ’s pre-seed funding round.
American Banker
APRIL 9, 2024
The populist backlash from the Great Financial Crisis turned the financial regulatory world upside down. Fifteen years later, that populist force is still informing how people vote, how financial regulation is crafted and how regulators see themselves.
The Paypers
APRIL 9, 2024
Adyen and the Centre for Economic Business and Research have reported that over a third of UK retail businesses lost on average GBP 1.4 mln each to fraud in 2023.
American Banker
APRIL 9, 2024
The change came to light Monday after West Virginia Treasurer Riley Moore took a victory lap in an announcement of the financial firms it was adding to its boycott list, which doesn't include BMO.
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Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra
The Paypers
APRIL 9, 2024
J.P. Morgan Chase has announced the launch of a new unit entitled Chase Media Solutions, in order to allow advertisers to target customers based on spending data.
American Banker
APRIL 9, 2024
Federal regulators need to mandate full disclosure of total costs for international money transfers, including all exchange rate markups, and to allow nonbanks access to the Fed's payment system.
The Paypers
APRIL 9, 2024
Ant Group has signed 11 partnerships with global e-wallets and card organisations as part of a programme to build international consumer-friendly zones in China.
American Banker
APRIL 9, 2024
The beleaguered Long Island bank has recently seen at least 16 teams walk out the door, according to announcements by Dime Community Bancshares and Peapack-Gladstone Financial.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
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