Tue.May 14, 2024

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7-Eleven testing financial services in stores

Payments Dive

The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.

ATM 397
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Cardless ATMs deliver Google/Apple Pay

ATM Marketplace

Cardless ATMs are paving the way for a more convenient banking experience by enabling Google and Apple Pay transactions.

ATM 122
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Fed bombarded by debit card fee commentary

Payments Dive

The Federal Reserve Board said it has received some 2,500 comment letters regarding its Regulation II proposal to cut the fees that merchants are charged when they accept debit cards.

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Insights from the 2024 Bankers as Buyers Report: Preparing your Financial Institution for the Future

William Mills

In a constantly evolving world and financial landscape, understanding today’s trends will guide future decision making and allow banks and credit unions to prepare their financial institution for the future.

Report 89
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.

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Unveiling the Secrets of Low-Interest Commercial Loans

Commercial Lending USA

Businesses can get low-interest commercial loans to help them with things like growing, buying tools, or keeping track of their inventory.

Tools 98

More Trending

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Finastra certifies multiple solutions for ISO 20022 compliance

The Paypers

Global provider of financial software applications Finastra has announced the completion of testing and certification for ISO 20022.

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How a Minnesota bank is jumping into the earned wage access market

American Banker

Stearns Bank in Saint Cloud is working with the on-demand payment technology firm Reset to launch an earned-wage card for blue collar and immigrant families struggling with access to money.

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Podcast: 95% of data is unstructured

BankInovation

Financial institutions are looking to AI to help organize and tap into their structured and unstructured data. Data is “really the operational lifeblood of how FIs operate in modern time,” Abrar Huq, co-founder and chief revenue officer of AI-driven digital documentation tool Arteria AI, tells Bank Automation News on this episode of “The Buzz” podcast.

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Kabbage, a bankrupt fintech lender, settles PPP fraud case with DOJ

American Banker

The small business lender's bankrupt shell has agreed to pay up to $120 million in connection with allegations that its verification processes for Paycheck Protection Program loan applications were faulty. The government argued that Kabbage reaped larger fees by enabling fraudulently inflated loans.

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Top 3 Secrets to Staying Relevant with Gen Z

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.

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Intensifying war increasing threat to Ukraine economy, EBRD warns

TheGuardian

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’ Ukraine’s war-torn economy faces a renewed threat as Russia’s intensifying war takes its toll on power plants and forces Kyiv to send key workers to the frontline, the European Bank for Reconstruction and Development has warned.

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Bankers more optimistic about loan growth this year

American Banker

Executives also say funding pressures have begun to ease, though high interest rates and deposit costs remain a leading worry, according to new surveys.

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BBVA runs successful trial of distributed quantum simulation

The Paypers

Financial services group BBVA has completed a successful pilot test of distributed quantum simulation across multiple services in the AWS cloud.

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More consumers are maxing out their credit cards: New York Fed

American Banker

The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a decade, according to new research. Still, card companies are generally expressing optimism about their credit outlooks.

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

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.

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ABA, CBA: Colorado lending caps put state-chartered banks at ‘severe disadvantage’

ABA Community Banking

ABA and CBA filed an amicus brief in support of a lawsuit brought against Colorado for a new law capping interest rates and fees on loans to state residents made by state-chartered banks, no matter where the bank is located. The post ABA, CBA: Colorado lending caps put state-chartered banks at ‘severe disadvantage’ appeared first on ABA Banking Journal.

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CDFIs are steadily becoming a bigger cog in the financial system

American Banker

Community Financial Development Institutions' mission-driven lending has traditionally been a small segment of the lending market. That's beginning to change, but plugging into secondary lending markets might not be the kind of change communities need.

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Fed’s Cook: CDFIs face many challenges in current economic climate

ABA Community Banking

As “financial first responders,” community development financial institutions have the creativity and funding structures to assist low-income communities, but they face many challenges in today’s economic environment, Federal Reserve Governor Lisa Cook said. The post Fed’s Cook: CDFIs face many challenges in current economic climate appeared first on ABA Banking Journal.

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Dave Fishwick of 'Bank of Dave,' has a new nemesis: Payday lenders

American Banker

The real-life British banker behind the hit Netflix movie 'Bank of Dave' talked with American Banker about the sequel due out next year and why opening more local community banks is so important.

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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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Inside look: FIS’ cloud strategy

BankInovation

Fidelity Information Services is looking to the public cloud to scale operations and reduce costs.

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NymCard and Dellsons Associates join forces

The Paypers

NymCard , an Embedded Finance solutions provider, has partnered with Dellsons Associates aiming to drive innovation and empower businesses across the Middle East and Pakistan.

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The rising pressures on credit card issuers

American Banker

Regulation, credit quality and AI-fueled fraud are among the big concerns for banks and payment companies.

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Yuno partners with ComparaOnline

The Paypers

Payment orchestration platform Yuno has partnered with insurance and credit marketplace ComparaOnline to enhance the latter’s transaction processes and approval rates.

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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

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

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One Step Ahead: How Community Banks and Credit Unions Should Cut Fraud Losses

The Financial Brand

This article One Step Ahead: How Community Banks and Credit Unions Should Cut Fraud Losses appeared first on The Financial Brand. Proactive fraud management is key to protecting financial institutions' bottom line. This article One Step Ahead: How Community Banks and Credit Unions Should Cut Fraud Losses appeared first on The Financial Brand.

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Diebold Nixdorf augments Bankart's payment processing platform

The Paypers

Slovenia-based Bankart has migrated its payment processing services by using Diebold Nixdorf ’s Vynamic Transaction Middleware to drive modern payment capabilities.

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Is It Finally Time to Reinvent Credit Card Fees?

The Financial Brand

This article Is It Finally Time to Reinvent Credit Card Fees? appeared first on The Financial Brand. Limits on late fees may force issues to consider new revenue models, including subscription pricing. This article Is It Finally Time to Reinvent Credit Card Fees? appeared first on The Financial Brand.

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Tietoevry Banking partners with Geldmaat

The Paypers

Tietoevry Banking has announced the renewal of its partnership with Netherlands-based cash provider Geldmaat for ATM SaaS solutions.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

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.