Payments Dive

APRIL 8, 2024

Compensation for Fiserv CEO Frank Bisignano climbed 57% over 2022, as the value of stock awarded to him surged and he received a $3 million cash bonus.

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Perficient

APRIL 8, 2024

A top-leading bank, grappling with business and regulatory challenges, faced scrutiny after failing the Federal Reserve’s annual stress test. Addressing these deficiencies required a comprehensive approach, leading to the establishment of critical programs like the US Bank Holding Company (BHC) regulatory and comprehensive capital analysis and review (CCAR) program.

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Compliance Management Guidelines Risk Management 221

Payments Dive

APRIL 8, 2024

Healthcare consumers are often confused about the bill payment process, while providers grapple with delays and high collection costs, according to a survey by the bank.

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Payments Survey 195

BankInovation

APRIL 8, 2024

JPMorgan continues its cloud migration efforts as it works to move its applications and data to the cloud this year. “Getting our tech to the cloud. … It’s essential,” Chief Executive Jamie Dimon said today in his 2023 letter to shareholders. The $3.

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Data 117

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Lending

TheGuardian

APRIL 8, 2024

In annual letter to investors, Jamie Dimon warns ‘wars in Ukraine and Middle East could become far worse’ The boss of the US bank JP Morgan has warned that the world could be facing the most dangerous moment since the second world war, putting lives and economic growth at risk. In his annual letter to investors , Jamie Dimon said the world had been “generally on a path to becoming stronger and safer” in recent years but had suffered a major reversal in February 2022 when Russia invaded Ukraine.

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US 84

American Banker

APRIL 8, 2024

A combination of higher interest rates and increased vacancies — especially in office buildings — are leading to more apprehensions in commercial real estate.

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Community Bank Policies Community Lending 91

The Paypers

APRIL 8, 2024

Hong Kong-based ZA Bank has announced plans to offer banking services for stablecoin issuers to cater to the increase in local web3 adoption.

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American Banker

APRIL 8, 2024

The $5000 scholarship from American Banker and Discover is for high school seniors in New York City who are the first generation in their family to attend college. The deadline to apply is May 8, 2024.

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New York City Leadership New York 81

The Paypers

APRIL 8, 2024

US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.

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Operations Fintech US 74

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.

Fintech

American Banker

APRIL 8, 2024

Sen. Tim Scott, R-S.C., ranking member of the Senate Banking Committee, introduced a Congressional Review Act resolution to undo the Consumer Financial Protection Bureau's credit card late fee rule.

Cards 72

Cards Policies Compliance Regulation 72

The Paypers

APRIL 8, 2024

UK-based B2B Buy Now, Pay Later (BNPL) solution provider Hokodo has announced that it secured a EUR 100 million debt facility from Viola Credit to support B2B transactions.

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Security 45

American Banker

APRIL 8, 2024

Any approval of the proposed Capital One-Discover merger must come with a pro-competitive 1% interchange fee condition to benefit consumers and small businesses and challenge the dominating duopolist Visa, and a pro-community 5% deposit reinvestment condition.

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Capital Cards Marketing Community 81

The Paypers

APRIL 8, 2024

Payment processing solutions company PayRetailers has announced that it secured its approval from the Central Bank of Brazil (BC) to operate as a payment institution.

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Security Operations Payments Company 45

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.

Innovation

American Banker

APRIL 8, 2024

Senate Majority Leader Chuck Schumer, D-N.Y., said that he would like to examine the proposed acquisition on "narrower bases.

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Capital Policies Compliance Regulation 68

The Paypers

APRIL 8, 2024

Financial information services company Experian has decided to acquire illion for nearly USD 542.10 million, in a bid to expand into Australia and New Zealand.

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Company 45

American Banker

APRIL 8, 2024

To help historic restaurants facing dramatic losses when COVID struck, American Express rolled out grants to 25 needy restaurateurs. Four years later, the program is reaching twice as many establishments and the card network's investment has more than doubled.

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Cards Payments 36

The Paypers

APRIL 8, 2024

France-based bank Crédit Agricole has partnered with Worldline to launch CAWL, a joint venture that provides tailored payment services to merchants.

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Payments 45

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Case Study

American Banker

APRIL 8, 2024

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon wrote that the bank has identified more than 400 use cases for artificial intelligence across marketing, fraud and risk. It has also amassed thousands of AI experts and data scientists and begun exploring deploying generative AI.

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Fraud Data Marketing Technology 41

The Paypers

APRIL 8, 2024

Finyoz , a lendtech platform specializing in short-term invoice financing, has partnered with Currencycloud , a provider of services for simplifying business transactions across various currencies.

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American Banker

APRIL 8, 2024

The case over the Consumer Financial Protection Bureau's $8 late fee rule has emerged as a flashpoint in a larger debate over "judge shopping," whereby plaintiffs seek venues with judges sympathetic to their complaints.

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Texas Policies Compliance Regulation 41

The Paypers

APRIL 8, 2024

CAB Payments Europe has announced that it secured a payment service provider licence with De Nederlandsche Bank and established headquarters in Amsterdam.

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Payments Security 41

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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

Fraud

American Banker

APRIL 8, 2024

A new report sheds light on the lack of player protections against scams and exploitive data collection practices of video game companies.

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Video Fraud Data Report 34

The Paypers

APRIL 8, 2024

Finzly , a provider of money movement systems to financial institutions, has announced the launch of Account Galaxy, a solution designed to equip banks to participate in the embedded banking sector.

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System 36

The Financial Brand

APRIL 8, 2024

This article How Bank of America Seamlessly Melded Five Apps into One appeared first on The Financial Brand. Blending BofA and Merrill apps into one with common functionalities was a step-by-step project that took years. This article How Bank of America Seamlessly Melded Five Apps into One appeared first on The Financial Brand.

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America Branding Mobile Technology 32

The Paypers

APRIL 8, 2024

The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution license to crypto market maker GSR Markets.

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Marketing Payments 41

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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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