Fifth Third Bank has applied for a national bank charter

Bank Innovation

Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services. A national charter will ensure […]. Compliance Daily Post 1 Exclusive Operations & Best Practices Premium Retail Banking bank charters Fifth Third Bank

Mastercard Names New President Of Canadian Operations

PYMNTS

Mastercard announced on Thursday (May 30) the appointment of Sasha Krstic as president of the company’s Canadian operations. Mastercard and Interac said National Bank will be the first to pilot the new service for its banking clients.

Chinese National Charged In Anthem Data Breach

PYMNTS

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 businesses operating in four distinct industry sectors, and violated the privacy of over 78 million people by stealing their PII.

Ready Or Not, Faster Payments Will Impact Corporate Operations

PYMNTS

“We are seeing, what I think is, an unprecedented amount of change that is being proposed and introduced in terms of [payment] operations,” he told PYMNTS in a recent interview, emphasizing that his remarks are his personal viewpoints, and not those of WesPay or the Center for Payments.

Mastercard Names New President For Canadian Operations

PYMNTS

Mastercard, the payments company, announced Thursday (May 30) the appointment of Sasha Krstic as president for the company’s Canadian operations. Mastercard and Interac said National Bank will be the first bank to pilot the new service for its banking clients.

Digital Services Mean Every Bank Is a National Bank

Bank Innovation

But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national. Exclusive Mobile Online Operations Retail Technology Bank of America BankMobile branch Customers Bank Flagship Community Bank PNC

Wells Fargo to Take New App National by Year’s End

Bank Innovation

Operations & Best Practices Premium Retail Banking challenger banks Chime Finn Greenhouse JPMorgan Chase N26 revolut

Bump On The Road To National FinTech Charters?

PYMNTS

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The suit can proceed.

National Bank of Australia to Hire 600 Tech Experts to Compete with Fintech Industry

Bank Innovation

The National Bank of Australia (NAB) will create 600 new technology jobs. Exclusive Mobile Open Fintech Operations Payments Uncategorized data fintech National Bank of Australia Security software engineering

Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level.

Square Partners With Washington Nationals To Offer In-Seat Concessions

PYMNTS

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. “The Nationals take pride in delivering a first-class experience,” he said.

Citigroup Eyes Creation Of National Digital Bank

PYMNTS

Citigroup is gearing up to launch a digital consumer bank that will be national in scope and will arrive within the next three years. Citing Citigroup Chief Financial Officer (CFO) John Gerspach, Reuters reported the executive said at an investor conference that the financial company is “laying the groundwork for having a national digital bank. As it stands now, Citigroup operates branch offices in only six large cities in the U.S.

Thriving Family Operator: Amarillo National's Richard Ware

BankThink

Ware has been named a 2017 Banker of the Year award winner for transforming the family-owned bank into a highly profitable community lender that takes calculated risks and prides itself on treating employees and customers well. Best in Banking Community banking Commercial lending Consumer lending Auto lending Succession planning

The Nation’s Largest Banks Collectively Shut Down 200 Branches in 3 Months

Bank Innovation

Daily Post 2 Exclusive Mobile Operations Premium Retail Bank of America JPMorgan JPMorgan Chase Umpqua Wells FargoThe country's largest banks are still shutting down branches, despite claiming to be investing in them. Each of the four largest banks closed at least two dozen branches during the fourth quarter of 2018 alone. Bank of America closed 44 branches during the quarter ended on December 31, based on its financial report released yesterday. […].

Valley National in N.J. Starts Search for Chief Operating Officer

American Banker

Valley National Bancorp in Wayne, N.J, is searching for a new chief operating officer. breaking_news people corporate-governance nj national-regionalThe $22 billion-asset company said in a press release Wednesday that Peter Crocitto will retire on Feb.

NJ 51

National Director's Roundtable Conference

Glatt Consulting

Join fellow board of directors, board chairs, CEOs, supervisory committee members and others from credit unions across the country at the 39th National Directors Roundtable Conference.

On National Burrito Day, Chipotle Serves Up Signs Of QSR Innovation

PYMNTS

As far as made-up, non-holiday holidays go, you could probably do worse than National Burrito Day , which takes place on Thursday (April 4).

Bank Of England COO Joins New Payment System Operator

PYMNTS

The Bank of England’s chief operating officer is joining the U.K.’s s New Payment System Operator (NPSO). The Payment System Operator Delivery Group is closing to hand down operation of the nation’s payment systems to the New Payment System Operator in an effort to streamline the payment ecosystem. Payments Administration (UKPA) to provide support to payment system operators. The NPSO announced news on Wednesday (Feb.

Five At Five: Instacart Makes A National Play

PYMNTS

Office of the Comptroller of the Currency (OCC) regarding the financial institution’s “technology operations.”. Welcome to Five at Five, your late look at the day’s payments and commerce news.

National Commerce in Ala. to expand Atlanta operations with acquisition

BankThink

The company agreed to buy Landmark Bancshare in Marietta, Ga., for $115 million. Community banking M&A Capital Growth strategies Georgia

One Last Gasp from Operation Choke Point?

American Banker

national-regional law-regulation consumer-financeSeveral banks have cut ties with payday lenders in recent weeks, and there is evidence that regulators could be pressuring them to do so.

Innovator of the Year: Operation Hope's John Hope Bryant

American Banker

national-regional underbanked occ fdic consumer-finance

Fifth Third seeks national bank charter to accelerate expansion

BankThink

The Cincinnati bank wants to convert from a state charter as it expands in the Southeast and beefs up digital banking operations. Charter conversions Regional banks Fifth Third

FinTech Companies Powering Seamless and Invisible Small Business Operations

Let's Talk Payments

of all businesses in the US are small businesses Small businesses present a strong community-building and economy-driving force in any nation. 99.7% Furthermore, countries that created the most business-friendly regulatory.

New York Venture Bank Seeks National Bank Charter

PYMNTS

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. 22) report by American Banker , New York Venture Bank, which will be headquartered in New York, needs the nod of the Office of the Comptroller of the Currency (OCC) before it can launch operations.

National Commerce expands Fla. operations with latest purchase

BankThink

The Alabama company agreed to buy FirstAtlantic Financial for $108 million. Community banking M&A Capital Florida

JPMorgan’s Interest In National And International RTP

PYMNTS

banks before it can become interoperable with other nations’ schemes, according to Art Brieske, head of faster payments at JPMorgan Chase. financial scene and ensuring those on the network can mesh with other nation’s schemes are high priority. Countries from the U.K.

Valley National expanding Florida operations with USAmeriBancorp deal

BankThink

The acquisition would be Valley's third in the Sunshine State since 2014 and would give the New Jersey company its first branches in Alabama. M&A Community banking Earnings New Jersey Florida

How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality. percent, Singapore stands as a nation with a lot to offer a growing and evolving tech ecosystem.

TSYS Inks Partnership With National Golf Course Owners Assn.

PYMNTS

16) that it has been named the official payment processing partner of the National Golf Course Owners Assn. In a press release, TSYS said the not-for-profit organization is the only trade association dedicated exclusively to owners and operators of daily-fee, semi-private, private and resort golf courses. We are looking forward to working with golf course owners and operators over the coming years to help them fulfill their payment needs.

Course 120

Misinvoicing Costing Nations Billions, Warns UNCTAD

PYMNTS

For others, however, entire national economies can be affected. According to the UN Conference on Trade and Development (UNCTAD), that’s exactly what’s happening in some developing nations, in which invoice errors across Africa and South America are leading to the loss of up to two-thirds of commodity export value. According to UNCTAD, the trading practices of trading partners should be examined just as carefully as the practices of exporting nations.

National Business Systems VP: For Some SMBs, It’s Still Wait-And-See On EMV

PYMNTS

In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Of those verticals seeing fraud, anything that is sold in high-end and medium retail is hit often, and hard, as are liquor operations. Security & Fraud Credit Card Security EMV Featured News integrated payments national business systems News payments security POS

System 156

Bulk Nation And The Frill-Free Customizable Grocery Future

PYMNTS

But Bulk Nation had a radical idea about fixing that problem. “We have more than 3,000 items available on our shelves,” Bulk Nation President Clay Donato noted, “and we mean it when we say customers can buy whatever they want. And, he noted, customers who are coming to Bulk Nation are also going to experience a much wider range of goods than they might otherwise. Retail Bulk Nation

SunTrust to Add Operation Hope Counseling Centers

American Banker

SunTrust Banks in Atlanta has agreed to open almost 200 new locations of Operation Hope's financial-counseling centers inside its branches by 2020. breaking_news consumer-finance ga national-regional

Startup Roundup: A Look At Local, National And Global Expansions

PYMNTS

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Everyone thinks of win rates differently, and people use their metrics differently,” said Pallavi Kuppa-Apte, Head of Business Operations, Chargehound. “It’s The Sydney office currently serves as the base of operations for the APAC region.

In Bangladesh Heist, Following the Money Through Cyber Twists: Nation Vs. Nation?

PYMNTS

Some of money has been returned, to the tune of about $15 million, after having been traced through a laundering operation that wound its way through the Philippines via casinos and some enterprises. But what happens when the prime mover behind the theft is an actual nation? Acting not against individuals, but another nation? “Follow the money,” the shadowy figure known as Deep Throat whispered to a pair of intrepid D.C.-based

Mall Operators Continue To Struggle With Store Closures

PYMNTS

The group, which owns much of the nation’s mall real estate, reported occupancy rates stood at 94.6 The earnings announcement comes as mall operators are trying to reboot in an era when the department store is no longer the anchor tenant of choice at many locations and brands like Macy’s and JCPenney continue to shutter brick-and-mortar stores. CBL (another mall operator) warned last week that Q2 would be a particularly weak point in a weak year.

National ATM Council Says NYC Ordinance Is Costly, Burdensome

PYMNTS

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. According to a press release , the National ATM Council said it argued last week that City ordinance Int. Regulation ATMs EMV National ATM Council Payment Methods What's Hot

ATM 115

Data Enablers: SigOpt’s Machine Learning Tools Help Businesses Optimize Operations

PYMNTS

From some guy’s garage in San Francisco, a group of math nerds has grown into one of the world’s finest-tuned machine learning operations. I’ve had the privilege to study and do research at many amazing universities and national labs around the world throughout my career. SigOpt now helps optimize fraud detection and investments like beer brewing and even the manufacturing of synthetic rhino horns.

Valley National COO to Retire

American Banker

The chief operating officer of Valley National Bancorp in Wayne, N.J., breaking_news people corporate-governance nj national-regionalwill step down next month.

Whitepaper: How technology is changing the way firms operate

Abrigio

The following is an excerpt from the Sageworks whitepaper "The Automation Revolution: How Technology is Changing the Way Firms Operate". and other national media companies. Businesses scour the market to determine which solution will help them attract new business, increase operational efficiency or manage priorities more effectively.

Grocery Tracker: Instacart’s National Push

PYMNTS

As of today, Instacart operates in 41 U.S. However, TechCrunch said that there isn’t much likeness in context or operations. “We And with 80 percent national coverage, these current stats wouldn’t come as much of a loss. Which grocery stocks look most likely to see May flowers?

What Walmart Pay Risks With National Move

PYMNTS

Those numbers will naturally fluctuate as the mobile wallet gets its chance to shine on the national stage, but experts have already begun to poke holes in the story they tell, if only because of Walmart’s insistence on Walmart Pay operating as its one and only mobile payment method going forward.