Payments Dive

JUNE 6, 2023

Detractors of the Credit Card Competition Act proposal that failed last year are preparing for a reintroduction of similar legislation in Congress, as soon as this week.

Cards 322

Cards 322

ATM Marketplace

JUNE 6, 2023

Cash recycling is a relatively recent development for ATMs, which raises the question of whether it is actually a good investment that can save time and money while increasing teller productivity.

ATM 97

ATM 97

Payments Dive

JUNE 6, 2023

A new tie-up between the companies will allow Worldpay’s merchant clients to tap bank-based payments from consumers.

Payments 274

Payments Company 274

American Banker

JUNE 6, 2023

The companies are offering retail merchants a digital catalog of transaction services, which JPMorgan hopes will help it better compete with fintechs and other banks.

Payments 83

Payments Fintech Retail Company 83

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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

Lending

TheGuardian

JUNE 6, 2023

Jim Chalmers says phasing out will be ‘gradual, coordinated and inclusive’ as he announces modernisation plan Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails , free app or daily news podcast The treasurer, Jim Chalmers, has signed the cheque’s death warrant to end its use in Australia by 2030, as part of a range of payment reforms for the digital era.

Payments 73

Payments System Security Technology 73

The Paypers

JUNE 6, 2023

Global fintech company Unlimit (previously known as Unlimint ) has expanded its services into the Kenyan market, after receiving a Central Bank of Kenya licence.

Fintech 68

Fintech Marketing Company 68

American Banker

JUNE 6, 2023

Bankers and a key government supervisor say the downfalls of multiple regional lenders reminded regulators that traditional M&A is better for the industry than failed-bank-deals.

Regional 69

Regional Regulation Industry Community Bank 69

BankInovation

JUNE 6, 2023

Fraudsters found new opportunities in business email compromise scams as bank clients moved assets following the collapse of Silicon Valley Bank in March — that’s when tech providers stepped in.

Fraud 52

Fraud Software Fintech Security 52

American Banker

JUNE 6, 2023

It would be a mistake for regulators in the U.S. and Canada to delay the rollout of rules supporting open banking. Fears of bank runs as a result of customer access to their own financial data are overblown.

Regulation 68

Regulation Data Digital Banking 68

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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

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BankInovation

JUNE 6, 2023

The generative AI boom may be in its infancy, but financial institutions are already looking into how they can implement large language models to streamline workflows and increase productivity. LLMs — AI systems trained using massive amounts of data to produce human-sounding responses — have a staggering number of potential applications in banking.

Training 52

Training System Data 52

American Banker

JUNE 6, 2023

Wells Fargo is pursuing private mediation to settle claims of widespread discrimination against Black homeowners by denying them lower interest rates through refinancing and forcing them to pay more for loans.

Compliance 68

Compliance Regulation 68

The Paypers

JUNE 6, 2023

Global security tech group Giesecke+Devrient has become a Digital First integrator in the Mastercard Engage network to offer Digital First payment solutions.

Groups 41

Groups Security Payments 41

American Banker

JUNE 6, 2023

Mike Wilson will soon replace George Nahodil as president and CEO of Members 1st, which is the third-largest credit union in Pennsylvania.

Pennsylvania 69

Pennsylvania Industry 69

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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.

Lending

The Paypers

JUNE 6, 2023

UK-based Shape Technologies has rolled out its dynamic Payments-Platform-as-a-Service (PPaaS), offering its fully customisable platform to payment service providers around the world.

Technology 36

Technology Payments 36

American Banker

JUNE 6, 2023

Nusenda's agreement to buy Western Heritage Bank would be its first bank acquisition and the first such combination in the state.

New Mexico 69

New Mexico Community Bank Community 69

The Paypers

JUNE 6, 2023

Worldpay form FIS has partnered with UK-based payment gateway Volt to bring merchants the ability to take payments Open Banking from customers.

Payments 41

Payments 41

American Banker

JUNE 6, 2023

After outsize profits at banks during the early stages of the pandemic led to big increases in compensation, chief executives collected a 7% median pay raise in 2022. The decline in stock prices following the recent banking crisis could weigh on the size of this year's awards.

Industry 50

Industry 50

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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.

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The Paypers

JUNE 6, 2023

Italy-based banking group Sella has launched the Artificial Intelligence Business Incubator aimed at companies with projects based on AI-powered financial services.

Groups 36

Groups Company 36

American Banker

JUNE 6, 2023

Chatbots may provide inaccurate information, may run afoul of consumer financial protection laws and may force consumers into "repetitive loops of unhelpful jargon," the Consumer Financial Protection Bureau warned.

Compliance 48

Compliance Regulation 48

The Paypers

JUNE 6, 2023

Global platform TrueLayer has launched its Payments Platform Programme to expand across the world, with partners including Stripe, Nuvei , Airwallex , and Thunes.

Payments 36

Payments 36

American Banker

JUNE 6, 2023

Jennifer Schachterle will oversee the Home Loan bank's relationships with nearly 330 members. Two former members — Silicon Valley Bank and First Republic — failed this year, and consolidation has also thinned its ranks.

San Francisco 36

San Francisco Industry 36

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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.

Compliance

The Paypers

JUNE 6, 2023

Global identity verification platform Trulioo has released new offerings in order to expand globally and to further improve business automation processes.

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36

American Banker

JUNE 6, 2023

The Securities and Exchange Commission sued the two largest cryptocurrency exchanges this week over allegations of operating as unregistered securities exchanges, rattling the industry but potentially lighting the way to more regulatory certainty.

cryptocurrency 36

cryptocurrency Security Operations Industry 36

The Paypers

JUNE 6, 2023

Payments services provider Worldline has partnered Travelplanbooker.com in an effort to better accommodate the requirements of post-pandemic travellers.

Payments 36

Payments 36

American Banker

JUNE 6, 2023

Beach Cities Commercial Bank is set to open in Southern California next week. Rising interest rates and consolidation in recent decades have created more opportunities for investors to form new banks, experts said.

California 36

California Community Bank Community 36

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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.

Lending