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Retailers Increasingly Turn To AI For Security And Efficiency

PYMNTS

Take the issue of retail security as one example. Trust is an essential factor for business interactions of any sort, but this is especially true now that most of these interactions happen online. Retail Trust and AI. Reducing network demands, the technology works even if cloud connection is lost.

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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

The company recently said it would shutter 180 out of 380 offices in the country, while putting $115 million toward its online client offering and eliminating 1,000 positions. Securities and Exchange Commission (SEC) filing per the outlet. The financial institution has just over 2,250 offices, according to a U.S.

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Retail banking trends to look out for in 2023

Independent Banker

It has introduced a plethora of new retail banking initiatives in the past couple of years, including online account opening for anyone in the state of Wisconsin. The community bank offers a variety of deposit offerings through its online account platform, which can easily be accessed from its website. “We One such bank is $1.7

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CFPB issues state-specific guides for financial caregivers

CFPB Monitor

In October 2013 , the CFPB released four “Managing Someone Else’s Money” guides for financial caregivers, particularly those who handle the finances of older Americans. The guides can be accessed on the CFPB’s website and free print copies (including bulk orders) can be ordered online.

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Equifax, Ex Breach (Worse than Thought), Hurdles 4Q Earnings Bar

PYMNTS

Equifax’s fourth quarter report beat expectations – but aside from headline numbers, the commentary from management was scant, and bated breath might be held ahead of Friday’s earnings call, when some larger issues are sure to be addressed. Separately, online information solutions saw revenue of $210.9 Like breaches , for example.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

The company can do that because — after working with regulators before entering a specific state — it buys lotto tickets and keeps original paper tickets in a secure location, “which it also pays to insure, in case anything goes wrong at its holding facility. Gambling of all types is moving further into the digital realm.

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Getting Mobile Ready

Independent Banker

As players in the Apple Pay initiative, Visa, MasterCard and ICBA Bancard are working to ensure community bank credit card customers will have full access to the mobile payments system, including its tokenization security measures. Epperson, a managing director at the global business advisory firm AlixPartners LLP.

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