Fri.Jul 05, 2024

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Are your ATMs ready for PCI DSS 4.0 changes?

ATM Marketplace

The payment industry has evolved significantly in the past 20 years and so has PCI. The aftermath of PCI DSS 4.0 is still being felt. Here are a few changes to make to ensure your ATM fleet stays up-to-date.

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ConnectOne Bank builds data lake in-house

BankInovation

ConnectOne Bank built its own data lake and data warehouse in-house to allow for access to insights for all departments. One of the first assignments for the $9.8 billion Englewood Cliffs, N.J.

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Trending Sources

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‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan

TheGuardian

Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum The family of a deaf man who was groomed by a gang into taking out a £28,000 business loan has demanded to know how a vulnerable person, with virtually no assets, could be marched into a Metro Bank, and allowed to borrow such a huge sum. Peter James*, who has special educational needs, and who only communicates through British Sign Language, was being chased by the bank’s debt collectors, and facing po

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Data breaches, AI merits: Top tech news June 2024

American Banker

In this month's roundup of top tech news: U.S. Bank partnered with Greenlight to provide financial education resources, ransomware group LockBit released data belonging to Evolve Bank & Trust, banks consider the merits of open-source and closed-source generative AI and more.

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How to Avoid Getting "Ghosted": 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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How hard is it to live off cash alone in Australia? I tried for a weekend and this is what happened | Jordyn Beazley

TheGuardian

After tracking down an ATM and navigating public transport, I went to all my usual spots – and had some surprises When my editor asked me to go old-school and only use cash for a weekend to test whether it’s impossible or a breeze to live without digital payments, my response was: “I don’t even know where my debit card is.” As I rifled around in the pockets of various pants and bags in search of it, I found $115 shoved into a red Christmas envelope.

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More Trending

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BlackRock to buy private markets data platform Preqin for $3.2B | UBS under observation from pricing supervisor | Revolut soars to record profit

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post BlackRock to buy private markets data platform Preqin for $3.2B | UBS under observation from pricing supervisor | Revolut soars to record profit appeared first on Bussmann Advisory AG.

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AI and career growth: What payments executives should know

American Banker

Experts from Tipalti, Tulane, Cigniti and Ingenico discuss what skills will be in demand, and the importance of not being intimidated by the speed of innovation.

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Visa and Mastercard to extend current cap on tourist card fees

The Paypers

The European Commission has announced that Visa and Mastercard will extend the current caps on tourist card fees established with EU antitrust regulators for an additional five years, through 2029.

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How Citizens Bank of Edmond's Roger is attracting military members

American Banker

Marcus Castilla was recently named director of the Oklahoma bank's digital banking unit for service members; he shares what Roger offers today and some plans for the future.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

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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Japan's DNP joins the Open Identity Exchange (OIX)

The Paypers

The Open Identity Exchange ( OIX ) has announced the expansion of the digital ID collaboration to Japan with its Dai Nippon Printing ( DNP ) membership.

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Capital One's acquisition of Discover will be a win for consumers

American Banker

The fate of Capital One's acquisition of Discover should be determined based on its own merits and not be maligned for the foibles of other failed banks.

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Chainlink partners with Fidelity International and Sygnum

The Paypers

Chainlink has revealed a strategic alliance with Fidelity International and Sygnum to integrate Net Asset Value (NAV) data onto blockchain platforms.

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Discover settles $1.2B loose end ahead of Capital One merger

American Banker

The lawsuit settlement clears a hurdle for the credit card company's deal with Capital One, which has vowed to address Discover's compliance shortcomings. A public hearing on the merger is scheduled for July 19.

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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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CommBank launches in app Travel Booking

The Paypers

Australia-based Commonwealth Bank has launched a Travel Booking service in the CommBank app, allowing users to search, book, and pay for flights and hotels through Hopper.

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Executive moves: Bank of America, JPMorgan Chase, Cullen/Frost

American Banker

Cullen/Frost's CFO is retiring, a top JPMorgan research analyst is leaving, and both UBS and JPMorgan hire tech dealmakers in this week's banking news roundup.

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EnergyFlex equips Australians with personalised energy insights

The Paypers

Australia-based energy data and insights company EnergyFlex has enabled Australians to access personalised energy usage insights and education.

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Banc of California is selling $2 billion of residential loans

American Banker

The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.

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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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AMINA Bank partners with Pyth Network

The Paypers

AMINA Bank , a Switzerland-based crypto bank, has announced a strategic partnership with Pyth Network , a decentralized financial oracle.

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How Banks and Credit Unions Can Counter Bad Advice From ‘Finfluencers’

The Financial Brand

This article How Banks and Credit Unions Can Counter Bad Advice From ‘Finfluencers’ appeared first on The Financial Brand. Advice from financial influencers — or "finfluencers" — may be misleading bank customers with ambiguous and incorrect information. This article How Banks and Credit Unions Can Counter Bad Advice From ‘Finfluencers’ appeared first on The Financial Brand.

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Brazil updates Open Finance rules for Pix payments

The Paypers

The Central Bank of Brazil and the National Monetary Council of Brazil have announced new regulations for Open Finance and Pix payments.

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Hawk updates its anti-financial crime platform for risk detection and investigation

The Paypers

Hawk has upgraded its anti-financial crime platform for risk detection and investigation with entity resolution and network analysis.

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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.

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Accelerex launches Pay with Fingerprint in Nigeria

The Paypers

Nigeria-based fintech Accelerex has deployed its Pay with Fingerprint solution on PoS terminals in Nigeria.

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MiFinity partners with Slotegrator

The Paypers

MiFinity, an iGaming e-wallet provider, has announced a strategic partnership with Slotegrator, an iGaming software company.