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FDIC settles Operation Choke Point lawsuit

CFPB Monitor

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

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Here is our Digital Banking Playbook

South State Correspondent

Bankers don’t know what they don’t know, and few bankers outside of national and regional banks have experience with platform selection when it comes to digital banking platforms. Because banks usually must bring together different platforms, the customer experience suffers, and costs are increased for managing multiple platforms.

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Why Unified Commerce Is Critical For Merchants — And Catnip For Fraudsters

PYMNTS

The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. Existential Points Of Pivot. That was fine for eCommerce firms that already were transacting in bits and bytes.

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Spendesk Enters EU With Commercial Card Management Software

PYMNTS

A year after its creation, France-based Spendesk has launched its corporate expense management solution to the EU market, reports said Monday (May 31). The company presented at #ParisFounders earlier this year and has officially launched operations across Europe.

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MiHC La Puerta Portal Opens the Door to Success for Hispanic Students in Detroit

Perficient

We were honored to collaborate with MiHC to develop the La Puerta portal at no cost,” said Joel Stanesa, general manager of Detroit operations, Perficient. La Puerta is available to MiHC’s partner schools, with plans to scale access regionally and nationally over time.

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New Vistas For Payments Orchestration

PYMNTS

They are also exhibiting increasingly robust cross-border payments capabilities, with a focus on simplicity and ease of operations internationally. The trouble is that many firms are not equipped to manage the complex logistics that go along with enabling localized buying and payment experiences for domestic and international customers.”.

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10 Lessons From The Small Business Banking Conference

South State Correspondent

We sat through almost every presentation and took pages of notes. Where there is no correct answer, the takeaway was that the most successful banks have a clearly communicated definition and often meet with their retail, commercial, and specialty counterparts to manage issues and conflicts. However, this was the most common structure.