Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I

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Community Bank Community National Fresno 196

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

National 122

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PYMNTS

APRIL 22, 2020

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. These surveillance technologies are opening a hornet’s nest of privacy and security concerns for citizens.

Innovation 209

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PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Security 193

Security Payments Survey Innovation 193

Bobsguide

JULY 23, 2018

Cyber criminals are frequently targeting systemically vital infrastructure in healthcare, government and finance, and are increasingly sponsored by nation states. medical records were stolen from SingaHealth, Singapore’s main healthcare group, with the hackers acting on. Last week, 1.5m

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PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research from Mercator Advisory Group predicts B2B payments will become the largest payment segment in the U.S. Finance reported last week.

Innovation 130

Innovation Payments blockchain National 130

PYMNTS

APRIL 3, 2018

to Ingenico Group ’s Telium Semi-Integrated solution. Ingenico Group has helped KFC U.S. To provide customers with a fast and secure payment solution no matter where they pay, KFC uses a mix of Ingenico Group’s iSC250 and iPP350 smart terminals at the counter and iPP350 smart terminals for its drive-thrus.

Groups 101

Groups Payments Kentucky Customer Experience 101

PYMNTS

FEBRUARY 15, 2017

Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.

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Study Security CA National 120

PYMNTS

JULY 22, 2019

Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. According to a Brightfield Group study cited by the Bloomberg report, “the CBD market could be worth almost $24 billion in the U.S.

Retail 124

Retail Innovation Industry Study 124

PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

cryptocurrency 241

cryptocurrency United States Security Bitcoin 241

PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. Looking for new hotbeds of innovative malfeasance? Those countries have high-speed Internet, widespread Internet penetration and not a lot of security infrastructure in place We see a pattern among the attackers.

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National United States New York Study 112

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. With an estimated population of just 5.47

National 133

National Training Bitcoin Samsung 133

PYMNTS

DECEMBER 4, 2020

according to CryptoNews, citing data from The Havana Consulting Group and Tech. The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement. Berlin-based Kapilendo will manage the fund’s secure asset storage.

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cryptocurrency Bitcoin National US 152

PYMNTS

AUGUST 31, 2017

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. Sapenaro said B2B payments, too, are finally experiencing innovation and progress, but it still has a long way to go.

Innovation 162

Innovation How To Payments St. Louis 162

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. TCS BaNCS will enable BDB to launch new innovative products faster.

Innovation 78

Innovation Customer Experience Strategy Operations 78

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The benefits of financial innovation are only realized when they are delivered responsibly, in a way that does right by customers,” the bankers wrote.

Regulation 349

Regulation National System Industry 349

PYMNTS

AUGUST 13, 2019

last year, according to the National Retail Federation , a trade group. Even so, the trade group said that “with fewer families surveyed saying they have children in grades K-12, spending is expected to total $26.2 Retail back-to-school spending for families will hit an average of $696.70 this year, up from $684.79

Retail 127

Retail Innovation Course Trends 127

FICO

APRIL 12, 2023

mortgage-backed securities (MBS) being held or traded by institutions and investors, a staggering sum that dwarfs the GDP of every other nation except the U.S. mortgage-backed securities (MBS) being held or traded by institutions and investors, a staggering sum that dwarfs the GDP of every other nation except the U.S.

Security 52

Security America Analytics Groups 52

PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

Boston 177

Boston Security System Cards 177

PYMNTS

SEPTEMBER 18, 2020

The Payments Innovation Alliance, a membership group that includes financial institutions (FIs) and payment providers, has released “ Voice Payments: An Introduction and Overview ,” designed to deliver information on conversational payments and enabling technologies, including voice assistants and smart speakers.

Payments 220

Payments Exercises Resources Fraud 220

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. In recommendations issued earlier in the month by the U.K.’s

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Regulation social media Course Apple 352

PYMNTS

NOVEMBER 27, 2019

The National Standardization Group for Facial Recognition Technology was launched last week by Hong Kong-based SenseTime and 27 other tech companies. Its goals include developing standards for safety and accuracy, as well as supervising the fast development of the technology.

Regulation 130

Regulation National Security Technology 130

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level. In the U.S.,

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Groups Payments cryptocurrency Cards 108

PYMNTS

AUGUST 11, 2020

“Fraud prevention solutions need to address the most common types of insurance fraud, like bots that submit illegitimate bulk quotes to open fake policies by using consumer information” that is purchased or stolen, Jay Sarzen, senior analyst, Aite Group, said in the announcement.

Fraud 234

Fraud Industry Idaho Customer Experience 234

PYMNTS

NOVEMBER 8, 2017

FIS surveyed 25 markets in which real-time payments programs are operational, rating their innovative qualities on a scale from 1 to 5. Singapore’s Fast and Secure Transfers (FAST) scheme also received a 4 score on the innovation scale, which focuses on accelerated inter-bank transfers as well as direct debits.

Innovation 101

Innovation Payments System Operations 101

CFPB Monitor

MARCH 10, 2022

The Order sets out the following national objectives with respect to digital assets: consumer and investor protection; protection of financial stability and mitigation of systemic risk; mitigation of illicit finance and national security risks; reinforcement of U.S.

FDIC 148

FDIC National cryptocurrency Leadership 148

PYMNTS

OCTOBER 11, 2019

Five Dutch banks recently formed a group to protect their systems against money launderers, but only after three of them shook off fines and anti-money laundering (AML) strategy investigations. Consumers want speed and personalization, but they don’t want to sacrifice security,” he said. AML Strategies and Innovation Quirks.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Faster Payments Council Announces Board Advisory Group. Businesses Ready To Jump Into RTP. This week, the U.S.

Groups 252

Groups Payments Survey Data 252

PYMNTS

MARCH 2, 2020

Reading the February 2020 Credit Union Tracker ® done in collaboration with PSCU , we discover that Canadian credit union Desjardins Group was hacked , impacting the records of 4.2 The Desjardins Group incident sent a chill through the CU community. Seems that everybody likes credit unions—including cybercrooks. The Trust Factor.

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California Fraud Pennsylvania Community 130

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. The initiative will be on hold until the government enacts new laws that would safeguard data security.

How To 205

How To National Fraud Data 205

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

blockchain 160

blockchain cryptocurrency Bitcoin Compliance 160

PYMNTS

DECEMBER 9, 2019

Instant” is becoming the posted speed limit nationally and globally for transactions. This group championed P2P a few years ago when it felt too risky and un-bank-like for a paper-centric world. But gig workers’ payment preferences are clearly on the side of instant , almost regardless of individual income security.

Millennials 130

Millennials New York City National New York 130

Bank Innovation

JUNE 6, 2019

JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally. In an email to customers, the bank stated that Finn customers will see their accounts automatically moved to Chase Secure Checking and Chase Savings accounts on August 10, when the app will be permanently shut down.

Digital Banking 199

Digital Banking Millennials National Security 199

Perficient

JULY 11, 2022

I used Afterpay for the shoe purchase because it allowed me to not take as big of a hit to my bank account at a time when I had more expenses than usual occur all at once so that I could feel more financially secure as I awaited my next paycheck. And, I didn’t have to pay interest, so I’d say Afterpay worked out for me well in this instance.

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Fintech Trends South Dakota Apple 474

PYMNTS

OCTOBER 16, 2018

Menon told the newswire that he placed cryptos in three categories, ranging from utility tokens to digital tokens (with some characteristics of securities), then there are payment tokens such as bitcoin. That signing took place at annual meetings earlier in the month via the International Monetary Fund (IMF) and the World Bank Group.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

PYMNTS

JANUARY 4, 2019

Members of the group will include “technologists, consumers, institutional and small investors, large and small blockchain enterprises and academics,” he said. The banks committee of the state’s legislature voted to create a digital currency task force back in June, and the group will have to submit all relevant information by Dec.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

OCTOBER 21, 2020

In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent.

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Data Regulation National Examples 317