Payments Dive

JULY 26, 2023

“It’s not a great customer experience,” Visa CEO Ryan McInerney said of merchant surcharges, while speaking on an earnings webcast Tuesday.

Customer Experience 368

Customer Experience 368

South State Correspondent

JULY 26, 2023

The bigger risk to community banks’ business model is not a moderate recession induced by aggressive interest rate increases by the Federal Reserve. Instead, the more painful scenario for the banking industry is the following: no recession, short-term interest rates holding steady in anticipation of inflation reaching target rates, and a prolonged inverted yield curve.

Community Bank 195

Community Bank Community Strategy Atlanta 195

Payments Dive

JULY 26, 2023

Mastercard teamed with Billtrust to begin offering the new tool, which will automate the process of sending and accepting virtual cards for business-to-business payments.

Tools 195

Tools Cards Payments 195

Commercial Lending USA

JULY 26, 2023

Starting a new business is exhilarating. That requires dedication, vision, and, most importantly, enough financial support. But securing funding for a startup with no revenue can be a significant challenge. Traditional lenders often rely on revenue history to assess creditworthiness. Leaving many entrepreneurs feeling stuck. But fear not! In this comprehensive guide.

Security 98

Security Lending 98

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

Payments Dive

JULY 26, 2023

In an expansion of a prior tie, software colossus Microsoft will increase the ways customers can use PayPal tools to purchase goods and services.

Software 195

Software Tools 195

CFPB Monitor

JULY 26, 2023

In January 2023, a federal district court in Texas dismissed Michael v. Opportunity Financial, LLC , a putative class action filed in June 2022 claiming that fintech Opportunity Financial, LLC (OppFi), not its out-of-state, state-chartered bank partners, is the “true lender” on loans with interest rates permitted under the laws of the banks’ home states, but higher than allowed in the plaintiffs’ states. .

Texas 78

Texas Fintech 78

BankBazaar

JULY 26, 2023

BankBazaar posted a 51% YOY increase in revenue in Q1-FY24, driven by its portfolio of co-branded Credit Cards and P ersonal L oans , closing FY23 with audited revenue of ₹159 crore (66% revenue growth from FY22). Read on for more. BankBazaar.com , India’s largest fintech co-branded credit card platform and online platform for free credit score, posted a 51% YOY increase in revenue in Q1-FY24, driven by its portfolio of co-branded Credit Cards and Personal Loans.

Branding 78

Branding Cards Fintech US 78

CFPB Monitor

JULY 26, 2023

45 amicus briefs have been filed with the U.S. Supreme Court in support of the petitioners in Loper Bright Enterprises, et al. v. Raimondo. The petitioners are urging the Court to overrule its 1984 decision in Chevron, U.S.A., Inc. v. Nat. Res. Def. Council, Inc. That decision produced what became known as the “ Chevron framework”–the two-step analysis that courts typically invoke when reviewing a federal agency’s interpretation of a statute. .

Analysis 78

Analysis 78

TheGuardian

JULY 26, 2023

Live coverage of business, economics and financial markets as UK bank replaces leader following late night board meeting This is why bank shares have dragged down the FTSE 100 in early trades this morning: a slump in profits at the UK’s biggest high street bank. Profits for Lloyds Banking Group tumbled 29% in the three months to June, as it prepared for an increase in customers falling behind on costly loan and mortgage payments because of rising interest rates.

Groups 88

Groups Meeting Marketing Payments 88

Advertisement

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

American Banker

JULY 26, 2023

American Banker is proud to recognize, in its third annual Most Influential Women in Payments, Next, the women under 40 who have demonstrated expertise, leadership skills and an ability to adapt in an ever-changing payments industry.

Leadership 69

Leadership Payments Industry 69

TheGuardian

JULY 26, 2023

Why have Tories and an embattled PM fought this so fiercely? Because the ex-Ukip leader embodies leave, and they fear him So the Mediterranean is on fire, the Ukraine war not going well, the health service on its knees and the economy still at risk of recession. Pretty obviously, therefore, the most pressing question facing Britain today is whether Nigel Farage can keep an account with one of this country’s poshest banks – which is making profits at the high end of a sector that has looked the o

Groups 76

Groups 76

American Banker

JULY 26, 2023

As we recognize National Disability Independence Day, it is a moral and ethical obligation to ensure that financial institutions remove barriers that hinder the financial independence of individuals with disabilities.

Fintech 69

Fintech National 69

TheGuardian

JULY 26, 2023

Private bank offers exclusive services to its wealthy clients, who include Emma Watson and Stormzy NatWest boss resigns over Nigel Farage Coutts accounts row Coutts isn’t just any old bank, its chief executive, Peter Flavel, has been keen to tell anyone who asks. If you’re rich enough to have an account – customers need to hold at least £3m in savings or borrow or invest at least £1m – the bank promises to provide not just a dedicated bank manager but also a concierge, or “lifestyle manager” , t

Management 76

Management Groups 76

Advertisement

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

Report

American Banker

JULY 26, 2023

The regional bank said metropolitan economies across its central and western U.S. footprint are resilient, and new loan opportunities are abundant. Trepidation among competitors, too, is creating openings for the Oklahoma bank, its CEO says in an interview.

Oklahoma 69

Oklahoma Regional Marketing 69

TheGuardian

JULY 26, 2023

This is a rich person’s row. But as a debt adviser, I’ve seen clients’ lives upended when they are denied access to basic accounts Despite all the recent front-page attention given to Nigel Farage and today’s development – the resignation of NatWest chief executive Alison Rose – there is something else you should know: banks have been quietly closing accounts without giving their customers any reasonable explanation for decades.

US 75

US Groups 75

American Banker

JULY 26, 2023

CEO Ryan McInerney touted the growth of Visa Direct and unveiled a fraud-scoring service called RTP Prevent, which is powered by artificial intelligence, while discussing the card network's earnings for its fiscal third quarter.

Fraud 69

Fraud Payments Cards 69

TheGuardian

JULY 26, 2023

Concerns raised over anonymous briefings that triggered early-hours resignation of Dame Alison Rose Timeline: how the downfall of Rose over Farage and Coutts unfolded Profile: Alison Rose, the NatWest CEO who quit The prime minister and the chancellor have been accused of “damaging UK plc” and failing to follow due process amid concern over anonymous briefings that triggered the early-hours resignation of NatWest boss Dame Alison Rose.

Regulation 75

Regulation Groups 75

Advertisement

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

American Banker

JULY 26, 2023

Travelers in China can now add Visa and Mastercard to WeChat Pay and Alipay, providing a boost for the country's tourism industry as it tries to recover from the pandemic. Additionally, British regulators may delay plans to tighten the rules for by now/pay later lenders, partly based on concerns that some of the largest lenders may depart the market.

Regulation 69

Regulation Industry Marketing Compliance 69

TheGuardian

JULY 26, 2023

The former Brexit party leader was done a disservice, but the frenzy of Tory outrage is mostly a symptom of political cowardice Not everyone can afford to bank at Coutts, an exclusive bank, nor is everyone entitled to an account there. But Nigel Farage is not just anyone. He is arguably the most influential British politician of his generation. It is questionable whether Mr Farage’s role has been to the benefit of public life, but if not, the detriment does not disqualify him from access to fina

National 75

National Groups 75

American Banker

JULY 26, 2023

Stock markets have shot up as investors grow hopeful that the United States will avoid a recession. But nearly 3 in 4 community bankers are less optimistic that the Fed will achieve its mission of reducing inflation without causing a downturn, a survey from IntraFi found.

Community 68

Community United States Survey Marketing 68

TheGuardian

JULY 26, 2023

Like many corporations, they make virtuous statements, but for the most part they hide behind a cloak of ethical humbug There are no branches of Coutts in Sheffield Hallam, Mid-Bedfordshire and Swansea East. In fact, there are no branches of any bank in these and the 14 other parliamentary constituencies that have been at the sharp end of a mass closure programme in the past decade.

Capital 73

Capital Groups 73

Advertisement

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

The Paypers

JULY 26, 2023

Global financial super app Revolut has announced that it is now offering accounts to non-citizens lawfully in the US who do not have an SSN or ITIN.

US 69

US 69

TheGuardian

JULY 26, 2023

Bank says profits have fallen as interest rates and cost of living are ‘challenging’ for people and firms Lloyds Banking Group has put aside more than £400m to prepare for a potential increase in customers falling behind on more costly mortgage payments. It comes amid surging interest rates, which have risen sharply since late 2021 and made payments more expensive for new owners and those rolling off existing fixed mortgages.

Groups 69

Groups Payments 69

BankInovation

JULY 26, 2023

Payments and financial services technology company Fiserv is looking to expand efforts in embedded finance and cloud services to meet increased demand for digital banking products.

Payments 52

Payments Digital Banking Meeting Technology 52

TheGuardian

JULY 26, 2023

Tory anger over Coutts affair led to bank’s board feeling it had no choice but to sack CEO Alison Rose Just after 5.40pm on Tuesday afternoon, the two people in charge of NatWest Group put out a joint statement. Dame Alison Rose, its chief executive, admitted she had been the source for an incendiary BBC story about Nigel Farage’s accounts at its exclusive private bank, while Sir Howard Davies, the bank’s chair, expressed his support for her remaining in charge of the lender.

Groups 64

Groups 64

Advertisement

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