Fri.Aug 05, 2022

article thumbnail

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.

Company 456
article thumbnail

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. It’s the highest monthly gain since February’s 714 thousand print.

Survey 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

Meeting 109
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

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.

Report 222

More Trending

article thumbnail

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 222
article thumbnail

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.

article thumbnail

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. Parafin launched in 2020 and is led by former employees of financial services company Robinhood. The latest […].

Fintech 52
article thumbnail

Bank of England predicts recession, takes measures

The Paypers

The Bank of England has announced its biggest interest rate increase in 27 years as it forecast that the war in Ukraine would fuel further inflation and tip the UK economy into a prolonged recession.

69
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

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 wealth management company’s total revenue reached $318.9 million in Q2, up from 288.7 million in Q2 2021, according to its Q2 earnings […].

article thumbnail

Ecospend to enable Pay By Bank for CDER Group

The Paypers

UK-based Open Banking tech provider Ecospend has teamed with enforcement and debt resolution company CDER Group to provide its account-to-account ‘Pay-by-Bank’ solution.

Groups 69
article thumbnail

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.

article thumbnail

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.

article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

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

American Banker

article thumbnail

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.

article thumbnail

Silly fintechs, federal deposit insurance is for banks

American Banker

Fintech 81
article thumbnail

ACI Worldwide teams with CARDNET to modernise digital payments in Japan

The Paypers

US-based ACI Worldwide has teamed with Japan-based credit card settlement agency CARDNET to modernise its digital payments infrastructure.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

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

American Banker

article thumbnail

KOMOJU powers Steam Deck APAC launch

The Paypers

KOMOJU , the Japan-based flagship payment platform from Degica , has provided a suite of payment solutions in Asia for the territory launch of Valve ’s Steam Deck.

article thumbnail

Latest banking news

American Banker

article thumbnail

Coinbase partners BlackRock and Meta

The Paypers

US-based BlackRock has announced its partnership with publicly traded Coinbase to provide its clients with access to cryptocurrency. Coinbase has also partnered with Meta 's Instagram platform.

article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

Credit Union 1 in Alaska names new CEO

American Banker

Alaska 69
article thumbnail

Wirex expands Wirex Credit programme to UK

The Paypers

UK-based Wirex , a crypto and payments ecosystem, has expanded the Wirex Credit programme to new regions. Its crypto-back credit lines are now available to UK, also adding WXT as a token.

article thumbnail

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

American Banker

Online 72
article thumbnail

Giesecke+Devrient enables banks to offer personalised digital services

The Paypers

Giesecke+Devrient (G+D), a Germany-based company that offers security technologies, has announced it is now enabling banks to offer their customers personalised digital services in a phygital ecosystem.

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.