Fri.Aug 05, 2022

Payments companies swap out CFOs

Payments Dive

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them

Strong Job Growth Continues and Wage Gains Accelerate

South State Correspondent

Strong Job Growth Continues and Wage Gains Accelerate. Nonfarm payrolls increased 528 thousand with those gains continuing to be widespread while the unemployment rate dipped a tenth to 3.5%. Expectations were for 250 thousand jobs and the increase was well above June’s 398 thousand new jobs.

Survey 195
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Visa, Mastercard react to Pornhub ruling

Payments Dive

The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager

Banks meet challenges/opportunities with hybrid work

ATM Marketplace

Hybrid work has proved a challenge for banks, which traditionally rely on in-house employees. However, banks can open up a new world of opportunities by taking advantage of hybrid work

Powering Personalization Through Customer Data

Finding the right CDP can help unlock the value of your customer data. This eBook offers guidance on choosing, deploying, and utilizing a CDP, along with a case study on how one bank put data into action to forge stronger connections with customers.

FIS extends tie with Chargebacks911 to fight fraud

Payments Dive

The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud

Fraud 212

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Block pulls back on expenses

Payments Dive

The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday

Biden signs legislation giving prosecutors more time to charge PPP fraud

American Banker

Fintech Financial crimes Politics and policy

Fraud 72

Monitoring and controlling digital manufacturing with AI

Dataconomy

To track and modify the digital manufacturing processes in real-time, researchers trained a new AI.

Big tech is building a passwordless future. Banks want to join in.

American Banker

Cyber security Identity verification Technology

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

TikTok data privacy concerns push companies to review their social media strategies

Dataconomy

Businesses may want to rethink how they use TikTok as a platform because of the concerns raised by US politicians regarding the company’s data privacy practices. Consumers have elevated privacy to a top priority across all digital channels.

Silly fintechs, federal deposit insurance is for banks

American Banker

Fintech Deposits Regulation and compliance

Unfairness and disparate effects: a reply to Professor Jeff Sovern

CFPB Monitor

In a blog post published on July 30 on Consumer Law and Policy Blog [link], Professor Jeff Sovern discusses comments from CFPB officials that the Bureau will not use the disparate effects or impact test to determine if discrimination has occurred when using its UDAAP authority.

Can the digital payments revolution finally wean cannabis shops off cash?

American Banker

Payments

The Threat That Could End Community Banking & What To Do About It

A critical risk now facing community banks from the technology world and how to solve it.

Fintech Funding: Former Robinhood staffers’ startup raises $60M

BankInovation

Parafin announced Tuesday that it has secured $60 million in its second funding round. The fintech startup works in tandem with companies such as food delivery service DoorDash and wellness company Mindbody to provide funding for small businesses.

Latest banking news

American Banker

Industry News

Automation allows for scale as Envestnet revenue rises 10%

BankInovation

Envestnet has had a busy first half of 2022 in terms of acquisitions, technology launches, integrations and internal digitization efforts, which have resulted in a 10% increase in total revenue. The Berwyn, Pa.-based based wealth management company’s total revenue reached $318.9

Credit Union 1 in Alaska names new CEO

American Banker

Credit unions Succession planning

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

AsiaPay, TripleA to enable crypto payments for APAC merchants

The Paypers

Hong Kong-based digital payments solution AsiaPay has teamed with TripleA , a MAS-licensed cryptocurrency payment gateway service provider in Singapore

How badly was Bread burned by its online credit card payment glitch?

American Banker

Payments Credit cards

Cards 56

How to Read Success on Social Media

Image Works Direct

Are you worried about the engagement on your social media pages? Look deeper into your numbers! While likes and shares are important, getting some behind-the-scenes insight is more impactful

M&T, Credit Suisse see biggest jumps in stress capital requirements

American Banker

Federal Reserve Regulation and compliance

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

BR-DGE integrates eKomi to embed authentic reviews

The Paypers

UK-based payment orchestration provider BR-DGE has partnered with eKomi to augment the customer checkout experience with authentic reviews

Horizon Bancorp in Indiana hires First Midwest veteran as president

American Banker

Industry News Community banking M&A

The Crypto and Digital Assets APPG launches enquiry on UK's crypto sector

The Paypers

The Crypto and Digital Assets All Party Parliamentary Group (APPG), an UK forum for regulators and interested parties, has announced details of an inquiry into the UK Crypto and Digital Assets sector

MC Federal Credit Union in Pennsylvania names new president

American Banker

Credit unions

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.