Advanced checkout tech surges at c-stores
Payments Dive
OCTOBER 19, 2022
From self-checkout machines to checkout-free stores, the options for processing payments are expanding at retail venues. Here’s how retailers find the best fit.
Payments Dive
OCTOBER 19, 2022
From self-checkout machines to checkout-free stores, the options for processing payments are expanding at retail venues. Here’s how retailers find the best fit.
TheGuardian
OCTOBER 19, 2022
No commitment yet to cut banking surcharge after corporation tax U-turn, leaving sector face headline tax rate of 33% UK banks are steeling themselves for a windfall tax by stealth as the new chancellor, Jeremy Hunt, tries to plug a £40bn hole in the public finances. City lobbyists are concerned that banks will not be compensated for Hunt’s U-turn on corporation tax, which will now mean the levy rises from 19% to 25% next year.
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Payments Dive
OCTOBER 19, 2022
The Consumer Financial Protection Bureau sued Active Network, a unit of Global Payments, saying the company used “dark patterns” to unlawfully extract $300 million from consumers.
CFPB Monitor
OCTOBER 19, 2022
The CFPB, Fed, and OCC have announced that they are increasing three exemption thresholds that are subject to annual inflation adjustments. Effective January 1, 2023 through December 31, 2023, these exemption thresholds are increased as follows: Smaller loans exempt from the appraisal requirement for “higher-priced mortgage loans” are increased from $28,500 to $31,000.
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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
Jack Henry
OCTOBER 19, 2022
So, you have a firewall monitoring service, email protection that scans every inbound email for malicious content, and decent endpoint protection software by a well-recognized name.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Paypers
OCTOBER 19, 2022
Sardine has launched Insights, a product that offers real-time view of an entity’s risk based on its history transacting with crypto, digital assets, and bank products.
TheGuardian
OCTOBER 19, 2022
Instead of cutting public services, the Treasury should tax the windfall profits of the banking sector It was Margaret Thatcher in 1981 who applied a special additional tax on the profits of banks that had experienced windfall gains during a period of excessively high interest rates. The Treasury has had similar thoughts in the run-up to the budget on 31 October.
The Paypers
OCTOBER 19, 2022
UK-based cross-border payments platform Currencycloud has become the preferred foreign exchange (FX) partner for fintech infrastructure platform, Integrated Finance.
BankInovation
OCTOBER 19, 2022
Citizens Financial Group is building a new mobile app to meet booming customer demand. The $224 billion bank within the next 12 months will launch its app with self-service features in an effort to reduce call center volumes, according to its Q3 earnings presentation. Citizens reported for Q3: Noninterest expenses grew 21% year over year […].
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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
FICO
OCTOBER 19, 2022
Home. Blog. FICO. FICO® Resilience Index - Benchmarking Portfolio Resilience. Highlighting results from FICO’s release of FICO ® Resilience Index benchmarking reports for 2022. FICO Admin. Thu, 12/19/2019 - 16:29. by David Binder. expand_less Back To Top. Wed, 10/19/2022 - 15:00. FICO recently released its second set of FICO® Resilience Index benchmarking reports, revealing interesting insights and trends about lending portfolio resilience over time.
BankInovation
OCTOBER 19, 2022
Goldman Sachs and Apple have launched Apple Card, a savings accounts that allows clients to add funds through a linked bank account or directly from Apple Cash. “Just last week we introduced a new Goldman Sachs savings account for Apple Card that allows users to grow their rewards,” Goldman Sachs Chief Executive David Solomon said […].
FICO
OCTOBER 19, 2022
Home. Blog. FICO. UK Card Risk Trends: Summer Data Indicates Challenges Rising. Erratic UK cardholder behaviour over the summer months reinforces challenging conditions for lenders. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Liz Ruddick. expand_less Back To Top. Wed, 10/19/2022 - 13:20. FICO’s report of UK card risk trends for summer 2022 (June-August) paints a picture of inconsistent consumer behaviour and market patterns which will be challenging for lenders to manage as the cost-of-living cr
BankInovation
OCTOBER 19, 2022
Goldman Sachs increased its technology and communication spend 16% year over year in the third quarter by investing in digital platforms. The $1.6 trillion bank spent $459 million on technology and communication in Q3, up 3% sequentially and 8% from Q1. Total operating expenses for the quarter dipped 6% YoY to $737 million as the […].
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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.
The Paypers
OCTOBER 19, 2022
Lithuania-based identity verification provider iDenfy has partnered with crypto platform CoinBeam , helping the digital banking platform with the identity verification process.
CB Insights
OCTOBER 19, 2022
Capital markets firms are facing new challenges, including growing recession concerns , interest rate hikes, and a global decline in venture investment. Amid this challenging economic environment, one opportunity for capital markets firms — ranging from large investment banks to small private trading firms — is to invest in new technologies that improve operating models.
The Paypers
OCTOBER 19, 2022
Canada-based fuel and convenience retailer Circle K has chosen The ai Corporation ’s (ai) payments platform aiEazyFuel to power its B2B mobile payments app, Circle K PRO.
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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.
Image Works Direct
OCTOBER 19, 2022
Meet Jane Malm, one of our Senior Graphic Designers at image.works! She grew up in Deforest, WI, and attended the University of Wisconsin – Eau Claire, earning her BFA in Graphic Design, which she has skillfully applied at image.works for the last eight years.
The Paypers
OCTOBER 19, 2022
Malaysia-based payments company Instapay has announced a new strategic partnership with global card issuer Mastercard to launch Glyd Prepaid Corporate Card for SMEs.
The Paypers
OCTOBER 19, 2022
US-based truck dealer Vanguard Truck Centers has selected Nuvei as payment provider to help accelerate the growth of their multi-regional truck dealer group.
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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.
The Paypers
OCTOBER 19, 2022
US-based B2B payments company TreviPay has launched TreviPay Aviation Network to offer a payment card solution tailored to FBOs (fixed-base operators) needs.
The Paypers
OCTOBER 19, 2022
SD Worx , a HR and payroll service provider, has partnered with Modulr , an embedded payments platform that facilitates faster payroll payments.
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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.
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