Payments Dive

NOVEMBER 27, 2023

Prospects for passing the Credit Card Competition Act this year are dimming, but supporters and opponents remain locked in battle over the legislation.

Cards 243

Cards 243

Perficient

NOVEMBER 27, 2023

This blog was co-authored by Carl Aridas and Joel Thimsen. In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. This has challenged many organizations to better optimize and intelligently automate business processes and experiences.

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Industry Regulation Compliance Data 221

Payments Dive

NOVEMBER 27, 2023

The divestiture mainly consisted of merchant contracts, Voyix’s front-end authorization platform “and certain relevant intellectual property,” the company said in its quarterly filing.

Maine 221

Maine Payments Company 221

CFPB Monitor

NOVEMBER 27, 2023

This is our second blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

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Community Regulation System FDIC 78

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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.

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Payments Dive

NOVEMBER 27, 2023

Staffed checkout registers are losing importance, and industry executives are eyeing mobile-based, scan-and-go technology, according to a recent survey.

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Industry Survey Mobile Technology 195

Payments Dive

NOVEMBER 27, 2023

Burger King, Taco Bell and Shake Shack are among the chains adding this technology to boost tabs and reduce labor pressure.

Technology 195

Technology 195

BankBazaar

NOVEMBER 27, 2023

End-of-the-year financial planning is a crucial process that can set you on the path to financial success in the coming year. Read on about the importance of end-of-the-year financial planning and how to get started. As the year draws to a close, it’s the perfect time to reflect on your financial goals and take proactive steps to ensure your financial well-being in the coming year.

Taxes 78

Taxes Resources Strategy Policies 78

Payments Dive

NOVEMBER 27, 2023

For online retailers, reducing cart abandonment is a priority all year long, especially as we approach the holiday season.

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Retail Online 195

Jack Henry

NOVEMBER 27, 2023

Unlock the power of data analytics in banking with our FAQs: Understand its importance, usage, and strategic advantages for your institution.

Analytics 88

Analytics Data Analysis Operations 88

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

William Mills

NOVEMBER 27, 2023

As the fintech industry continues to evolve, staying informed and connected is crucial. Released in anticipation of the upcoming year, our 2024 Financial Technology Trade Show Directory is a trusted source offering insights and information you need to navigate – and make the most of – the industry’s conferences next year.

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Fintech Conference Financial Technology Industry 81

American Banker

NOVEMBER 27, 2023

Cybercrime-as-a-service tools are using generative artificial intelligence in new ways to crack payment card security, according to a new report from Arkose Labs.

Payments 92

Payments Tools Security Cards 92

BankInovation

NOVEMBER 27, 2023

Truist Financial continued its managerial overhaul this month with appointments to fill the new chief operating officer position as well as chief consumer and small business banking officer and chief wholesale banking officer. The $535 billion bank made the following changes: Vice Chair Beau Cummins became COO effective Nov.

Operations 68

Operations 68

American Banker

NOVEMBER 27, 2023

The BSBY interest rate benchmark was originally envisioned as a successor to the once-ubiquitous Libor rate. But it failed to gain much traction, and Bloomberg now plans to shut it down next year.

Industry 78

Industry Lending 78

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

BankInovation

NOVEMBER 27, 2023

As demand for embedded payment offerings continues to climb, Citigroup’s Citi Pay plans to keep up. Global revenue from embedded payments is expected to reach $59 billion by 2027, up from $32 billion in 2023, according to a study by Juniper Research.

Strategy 66

Strategy Payments Study 66

American Banker

NOVEMBER 27, 2023

The Champaign, Illinois-based company said it would pay $41.6 million to acquire Merchants and Manufacturers Bank Corp., which has five branches in the Greater Chicago area.

Chicago 78

Chicago Illinois Company Community Bank 78

TheGuardian

NOVEMBER 27, 2023

Jaime Gilinski Bacal to increase stake to 53% as lender secures £325m in new capital and £600m of debt The embattled high street lender Metro Bank can proceed with a multimillion-pound rescue deal after receiving approval from its shareholders. The move comes after the bank announced last month it had negotiated a £925m package, which consisted of £325m of new capital as well as £600m of debt.

Metro 47

Metro Capital Security 47

American Banker

NOVEMBER 27, 2023

The Consumer Financial Protection Bureau wants to limit law enforcement access to a tool that has proven vital in many criminal investigations.

Tools 66

Tools Policies Compliance Regulation 66

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The Paypers

NOVEMBER 27, 2023

Web3 company OKX has launched its crypto exchange and Web3 wallet platform in Brazil, providing a secure gateway to decentralised finance (DeFi) and crypto trading.

Security 48

Security Company 48

American Banker

NOVEMBER 27, 2023

The move by the company's new CEO is designed to promote greater network effects and benefits for paying members. Bank CEOs say the network helps smaller banks compete.

Company 57

Company Management Technology 57

The Paypers

NOVEMBER 27, 2023

Codebase Technologies has announced a strategic joint Banking-as-a-Service (BaaS) venture with Egypt-based eFinance Investment Group , a payment and digital banking tech company, and Visa.

Groups 45

Groups Technology Digital Banking Payments 45

American Banker

NOVEMBER 27, 2023

Purchases by banks, airlines, industrial heavyweights and other businesses fell for the first time last year, according to Bloomberg Green's analysis of data in three public registries covering more than 260,000 transactions since 2010. Yet corporate buyers increased purchases of offsets derived from a particularly controversial source — wind, hydro and solar projects.

Company 36

Company Analysis Industry Data 36

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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

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The Paypers

NOVEMBER 27, 2023

Singapore Central Bank has released a response to industry feedback on a consultation paper of proposed regulations for crypto service providers.

Regulation 48

Regulation Industry 48

American Banker

NOVEMBER 27, 2023

Sumitomo Mitsui Financial Group's Chief Executive Officer Jun Ohta, who pursued an aggressive expansion abroad during his four years at the helm of Japan's second-largest bank, has died. He was 65.

Groups 36

Groups Industry 36

The Paypers

NOVEMBER 27, 2023

UK-based Ryft has partnered with Collctiv to optimise the group payment sector of the region and deliver a more customisable checkout experience for clients.

Regional 45

Regional Groups Payments 45

The Financial Brand

NOVEMBER 27, 2023

This article Top 2024 Trends in Fintech & Payments: A2A, Digital Currencies, Digital Identities appeared first on The Financial Brand. Juniper Research identifies the top ten global trends that will drive the banking industry in 2024 and beyond their latest report. This article Top 2024 Trends in Fintech & Payments: A2A, Digital Currencies, Digital Identities appeared first on The Financial Brand.

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Trends Fintech Payments Branding 32

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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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