FICO

FEBRUARY 16, 2023

Home Blog FICO US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows Debit card skimming grew at the unprecedented rate of 368% from 2021 to 2022, but there are steps banks and consumers can take to combat compromised cards Darcy Sullivan Thu, 02/16/2023 - 15:43 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Thu, 02/16/2023 - 15:35 In August of 2022, I explored the radical increase in card skimming for the first half of 2022.

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Payments Dive

FEBRUARY 16, 2023

Adding Delphi Display Systems’ technology helps Toast more broadly serve its quick-service restaurant customers, the company’s executives said.

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FICO

FEBRUARY 16, 2023

Home Blog FICO FICO Named America's Best Mid-Sized Employer by Forbes Magazine FICO recognized by Forbes for the third consecutive year Saxon Shirley Thu, 05/12/2022 - 07:46 by Richard Deal expand_less Back To Top Thu, 02/16/2023 - 20:00 FICO was recently named one of America’s Best Mid-Sized Employers by Forbes Magazine for the third consecutive year — ranking in the top quintile overall and #7 in the IT, Internet, Software & Services Industry segment.

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Payments Dive

FEBRUARY 16, 2023

After landing Uber as a client, the employee payment services company has recently attracted other logistics and delivery clients with help from that big name.

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Payments Company 244

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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

BankInovation

FEBRUARY 16, 2023

Alyson Karow, head of small business digital channels at TD Bank, will join the panel “At the Core: Strategies for Addressing Legacy Core Systems” at Bank Automation Summit U.S. 2023 on Thursday, March 2, at 2:15 p.m. ET, at the Westin Charlotte in Charlotte, N.C. View the full agenda for the Bank Automation Summit U.S.

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BankInovation

FEBRUARY 16, 2023

The White House in October released its blueprint for an AI Bill of Rights as more technology, data and automated systems hit the market, and guidance becomes more relevant than ever following the controversy around OpenAI’s ChatGPT.

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Payments Dive

FEBRUARY 16, 2023

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

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CFPB Monitor

FEBRUARY 16, 2023

On January 31, 2023, the Massachusetts Attorney General’s Office (“Mass AG”) announced a settlement with Hometown Auto Framingham, Inc. (“Hometown Auto”), resolving allegations that the auto dealership had engaged in unfair, deceptive, and discriminatory pricing of add-on products sold to Black and Hispanic consumers. Under the terms of the settlement, Hometown Auto will pay $350,000, which includes $200,000 in restitution and a $150,000 civil penalty.

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Massachusetts Lending 78

Payments Dive

FEBRUARY 16, 2023

Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.

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Company 222

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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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CFPB Monitor

FEBRUARY 16, 2023

The U. S. Court of Appeals for the D.C. Circuit held that the CFPB’s prepaid card rule (Prepaid Rule) does not mandate a “model clause.” The ruling was made in the lawsuit that PayPal, one of the largest digital wallet providers, filed against the CFPB in December 2019 to challenge the Prepaid Rule. .

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Cards 78

TheGuardian

FEBRUARY 16, 2023

Emerging markets-focused bank records strong performance with profits up by 28% Business – live updates Standard Chartered has hiked payouts for it top bankers, who are set to share a $1.6bn (£1.3bn) bonus pool after rising global interest rates pushed the lender’s profits up 28%. The London-headquartered but emerging markets-focused bank said it had increased staff bonuses by 16% in light of the fact that the bank had performed strongly despite “ongoing external challenges”, including the impac

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Marketing 70

CFPB Monitor

FEBRUARY 16, 2023

Using data for the last quarter of 2020 and first three quarters of 2021, the study examined the effects of the 36% rate cap imposed by the Illinois Predatory Loan Prevention Act which became effective in March 2021. The study found that the cap significantly decreased the availability of small-dollar credit in Illinois. .

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CB Insights

FEBRUARY 16, 2023

Global venture funding to blockchain and crypto companies reached a new record of $26.8B in 2022, largely propped up by a strong first half. But as the year progressed, the crypto winter coupled with macroeconomic pressures caused 3 straight quarters of declines in funding and deals. Below, take a look at a few highlights from our 162-page, data-driven State of Blockchain 2022 Report.

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blockchain Report Trends cryptocurrency 72

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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

CFPB Monitor

FEBRUARY 16, 2023

On February 2, 2023, the U.S. Department of Justice (“DOJ”) filed a complaint against the City of El Paso, Texas (the “City”) and several co-defendants alleging violations of the Servicemembers Civil Relief Act (“SCRA”) for auctioning off at least 176 motor-vehicles owned by SCRA-protected servicemembers. According to DOJ, the actions taken by the City constitute enforcement of liens on the property or effects of servicemembers, which is prohibited under the SCRA without first obtaining a court

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The Paypers

FEBRUARY 16, 2023

Fintech Froda , digital challenger bank Lunar and Visa have partnered to deliver an SME lending solution to help businesses access financing for their growth initiatives.

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Lending Fintech 73

BankInovation

FEBRUARY 16, 2023

Hey ChatGPT. What’s the buzz around AI? Artificial Intelligence is certainly not new to the finance industry, with credit card fraud detection being an early use of the technology.

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Fraud Industry Cards Technology 52

The Paypers

FEBRUARY 16, 2023

Spain-based travel technology company Amadeus has renewed its strategic agreement with American Express Global Business Travel (Amex GBT) to strengthen its B2B travel platform.

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Technology Company 41

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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.

US

American Banker

FEBRUARY 16, 2023

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The Paypers

FEBRUARY 16, 2023

Ukraine’s Ministry of Digital Transformation has announced its intention to boost efforts to finalise the development of the nation’s electronic hryvnia (e-hryvnia).

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National 36

American Banker

FEBRUARY 16, 2023

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The Paypers

FEBRUARY 16, 2023

Digital payments infrastructure provider, PPRO , has recently announced it extended its infrastructure to the South Korean market, integrating onto its platform local cards and Toss Pay , a popular e-wallet.

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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

American Banker

FEBRUARY 16, 2023

Payments 74

Payments 74

The Paypers

FEBRUARY 16, 2023

The Central Bank of Brazil has authorised EBANX to offer a payment initiator service through Pix allowing the fintech’s merchants to manage Pix payments within their websites.

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Payments Fintech Management 36

American Banker

FEBRUARY 16, 2023

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The Paypers

FEBRUARY 16, 2023

Germany-based internet services company epoq has announced strategically partnering with ecommerce agency EXCONCEPT , in order to offer companies UX-friendly online shops with personalised shopping experiences for their customers.

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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