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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. Consider that the typical user spends about 2.5 hours per day on social media. Demographically, half of the U.S. Yes, that’s a lot of Benjamins.

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How Banks Are Using AI for Document Intelligence

South State Correspondent

For example, not only are payee and payor matched up correctly, but the name string is consistently in the format: Title, First Name, Middle Name/Initial, Last Name, and suffix. Google’s Document AI , for example, can pull data from Google Maps. Other models charge per document, so scanning a US Passport, as an example, costs $0.30.

Training 448
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How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

Acquirer WorldPay, for example, has launched an Exemption Engine, which will allow companies to search for relevant exemptions that may help them better manage payments and authentication under the regulation. For the rest of these merchants, there are still a few ways for them to reduce frictions under SCA.

Strategy 188
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Expanding Your Loan Trading Network: 4 Lessons from Apple

Jack Henry

Leveraging user groups, social media, and platforms like Jack Henry Loan Marketplace™ can assist in expanding your network. By seamlessly integrating partner products and services, they create a unified and compelling user experience. Integrate partner offerings into your ecosystem.

Apple 78
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How Fake Reviews Undermine Restaurants’ COVID-19 Responses

PYMNTS

As such, we paid great attention to the design and [user experience] process a customer would need to go through to place an order.”. Having a slick user interface and smooth mobile ordering system is not enough to attract customers, though. How Fake Reviews Damage QSRs. Online reviews are vital in today’s restaurant industry.

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Stopping Fraudsters From Taking The Travel Industry For An $11B Ride

PYMNTS

The perpetrators caused a 90 percent increase in fraud attacks between October and December 2019, and appear largely focused on new account registrations and logins across eCommerce, gaming and social media platforms. Balancing seamless-but-fraud-free user experiences requires careful effort, however.

Industry 225
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Be Sure Your Business is Ready for the Coming Year!

FirstInternet

For example, if you received a Paycheck Protection Program loan, you’ll need to know how your loan forgiveness (or not) will affect your next tax return. For example, you may have discovered that working remotely was not only possible for your operation, but even desirable moving forward.