U.S. Bank Debuts AP Optimizer In Bottomline Collab

PYMNTS

AP Optimizer is a big win for our customers and is part of our strategy to provide an integrated offering to manage accounts payables,” said Jeff Jones , head of Corporate Payment and Treasury Solutions for U.S. With AP Optimizer, the release stated, U.S.

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U.S. Bank aims to beat fintechs by digitizing supplier payments

Payments Source

Fintech U.S. Bank B-to-B payments U.S. As the pandemic transforms the way corporations pay suppliers, many banks are watching nimble fintechs rush in with streamlined solutions customized for remote workforces. Bank didn’t want to risk getting cut out of that equation.

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US Bank deploys smart assistant to boost digital banking

Mobile Payments Today

US Bank is deploying natural language processing and AI-based technology to move more of its retail banking business onto the mobile banking app

US Bank eyes ‘autonomous banking’ future

Bank Innovation

Carousel Corporate Banking Innovation Strategy Open Banking Premium Product Design Retail Banking agile api data strategy innovation straegy open banking US Bank

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Level Setting and Peering Around the Corner— Tips for Success in Your Organization

Speaker: Steve Andrews, President & CEO of the Western Bankers Association 

This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.

Report: US Median Income Up, Poverty Rate Down In 2019

PYMNTS

Prior to the COVID-19 pandemic that struck earlier this year, U.S. Median household income in the U.S. increased by nearly 7 percent last year to $68,700, up from $64,324 in 2018 while the number of people living in poverty fell, the U.S. percent, the U.S.

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US Postal Service Partners With FBI To Offer Biometrics

PYMNTS

A two-year pilot program between the U.S. At the General Services Administration ’s (GSA) Impact Summit Series on identity, Heather Dyer, the director of identity and access management at the U.S. The U.S. Biometrics biometrics FBI News U.S.

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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

PYMNTS

You could go to eBay and buy a blank SIM card for any of the wireless carriers out there,” Ahmed Khattak , CEO and founder of prepaid cell carrier US Mobile , said during an interview with PYMNTS.

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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

In this month’s Feature Story, PYMNTS talked to Ahmed Khattak , CEO of US Mobile , about how the carrier deploys device fingerprinting and location tracking to verify its customers and prevent SIM swap fraud. The average American looks at a smartphone 58 times a day, making U.S.

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PNC Eyes Buying US Unit Of Spain's BBVA, Report Says

PYMNTS

PNC Financial Services Group could buy the U.S. BBVA bought Alabama's Compass Bancshares in 2007 and has around $100 billion in assets in the U.S., PNC has been considered one of the more likely contenders to help consolidate the broken-up U.S.

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U.S. Bank Announces Amazon Alexa Integration

Bank Innovation

EXCLUSIVE- U.S. The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […]. Exclusive Innovations Mobile Retail Security Social Media Alexa amazon chatbot US Bank voice bankingBank has become part of a select group – banks that allow customers to access their accounts via voive with Amazon Alexa.

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HSBC to focus on tech in U.S. branch expansion plans

Bank Innovation

trillion in assets, is making technology a core component of U.S. The bank today announced the opening a new location in Cupertino, California, along with 50 planned new branches in the U.S. Artificial Intelligence Daily Post 1 Exclusive Premium Retail Banking Wealth Management branches HSBC pepper Robotics US Bank Wells FargoHSBC, a top global bank with $2.6 branch expansion plans.

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Knock & iBuying in US Real Estate Fintech  

Daily Fintech

The SPAC trend continues in the US and Chamath Palihapitiya is one of the leading investors with his IPOA, IPOB,… series. The latest Fintech deal was focused on a real estate disruptor in the US, OpenDoor.

Will ‘Zombie Companies’ Eat The US Economy?

PYMNTS

Will so-called “zombie companies” soon do the same to parts of the U.S. In an age where U.S. Non-financial corporate debt was already high even before COVID-19, equating to nearly half of U.S. But they’ll keep piling debt on top of debt as they play a waiting game, hoping for a U.S. Still, Deutsche Bank Chief Economist Torsten Slok recently told Bloomberg that the Fed and the U.S.

PayPal Boosts Xoom’s Money Transfer Capabilities In US

PYMNTS

More than a third of Xoom users across the U.S. By giving more power to Xoom customers to transfer money in the U.S., PayPal is upping its mobile payments game. PayPal on Thursday (Nov.

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The Big U.S. GDP Crash Reverses Economic Growth Of Last 11 Years

PYMNTS

Figures out Thursday from the Bureau of Economic Analysis showed that the U.S. That reversed an 11-year expansion, the longest period of economic growth in U.S. The U.S. The U.S. The employment-population ratio, the number of employed people as a percentage of the U.S.

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FDIC: US Bankless Rate Set To Rise

PYMNTS

Among U.S. The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year, according to a new report by the Federal Deposit Insurance Corp (FDIC). households without checking accounts fell to 5.4

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US Manufacturing Shows Signs Of Improvement

PYMNTS

The U.S. percent, or $14 billion — although the numbers might not hold if the pandemic continues to threaten recovery, according to a report from the U.S. A PYMNTS report noted that U.S. manufacturing sector increased in viability in June by 7.3

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Q2 2020: US credit card issuer snapshot

Accenture

The post Q2 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog. Key themes The spending effects of the pandemic were fully felt in Q2 as most issuers report large declines in purchase volume between 15-30%, and receivables decline between 3-17% YoY.

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Klarna Counts 11M Users, Acceptance At 60K US Stores

PYMNTS

Klarna’s 2020 Holiday Retail Report found that most U.S. Klarna , which works in global payments and shopping services, has expanded to over 60,000 in-store payment services around the country to allow for buy now, pay later (BNPL) services, according to a press release.

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US Retailers Added 249,000 Jobs In August

PYMNTS

Also last week, the U.S. In August and September, Amazon said it will hire 20,000 people in seven cities in the U.S. Last Friday’s (Sept. 4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August.

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US Bank, Wells Fargo digitize back office B2B payments

BankInovation

Payments B2B payments Premium US Bank Wells FargoBank and Wells Fargo are advancing B2B payment solutions with the debut of two new automated products for back-office operations.

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N26 mulls U.S. credit card

BankInovation

Berlin-based challenger bank N26 is exploring a credit card product for its growing U.S. In the U.S. market. “In

eBay, LendingPoint Partner On US Seller Financing

PYMNTS

eBay is teaming up with LendingPoint to give the eCommerce giant’s U.S. The release said eBay Seller Capital “is rolling out now as a pilot program with select sellers, and will be available to all eligible sellers in the U.S.

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Report: US House Could Break Up Big Tech firms

PYMNTS

The long-anticipated antitrust report from the U.S. The report offers a chilling look into how Apple, Amazon, Google and Facebook have used their power to control how we see and understand the world,” U.S. For example, he supports a proposal that would make it easier for the U.S.

US Banks Shun Money Transmittal

PYMNTS

According to a report in The New York Times , while Mexico is the largest destination for money transfers from the U.S., billion was sent from the U.S. It also means limited options for those living in the U.S. The paper, citing the Conference of State Bank Supervisors, noted that more than a quarter of U.S. banks are keeping their distance from money transmitters sending cash to Mexico, as worries about money laundering and increased regulatory scrutiny ensue.

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TravelBank, U.S. Bank Team On Virtual Cards, Expense Management

PYMNTS

TravelBank will work with U.S. Bank in order to integrate the former’s travel and expense management platform with the latter’s U.S. Tory Passons, vice president of Commercial Card at U.S.

U.S. Bank Wants To Remove Passwords From Login in 2017

Bank Innovation

Biometrics and behavioral analytics are taking over banking apps for good, and U.S. Corporate Operations Technology authentication behavioral analytics cybersecurity US BankCustomer authentication processes at banks have evolved from mere security questions and “date-of-birth” kind of passwords. Bank, recognizing that, has set a target: removing passwords “altogether” from the login process in 2017, according to Jason Witty, the Read More.

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US Hospitals Threatened By Ransomware Attack

PYMNTS

The FBI , Cybersecurity and Infrastructure Security Agency (CISA) and Department of Health and Human Services (HHS) said in a statement that there is “credible information of an increased and imminent cybercrime threat to U.S.

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Europe as a model for US payment security

Mobile Payments Today

Efforts by European regulators to provide stronger authentication could serve as a model for payments in the U.S., as multi-factor authentication is already available in mobile wallets like Apple Pay

US Bank launches API portal for third-party developers

Bank Innovation

Bank launched a suite of API tools this week to support third-party app developers in their efforts to build services that can securely connect to U.S. In an apparent shift from the traditional, walled-garden approach of large banks, U.S. Carousel Innovation Strategy Product Design Retail Banking Startups api developers Plaid US Bank

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Virus Infection Lawsuits Could Cripple US Employers

PYMNTS

Of the 200,000 U.S. All of us on the Republican side have known we have got to protect nonprofits, businesses, employers that are wanting to open up, but you got trial lawyers ready to slap them with lawsuits over COVID and they need that protection,” Rep.

Revolut Likely To Apply For US Bank Charter

PYMNTS

European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S., Revolut has already been doing business in the U.S.,

U.S. Bank: How Legacy Systems Impede Open Banking Adoption

PYMNTS

Application programming interfaces (APIs) and open banking are being harnessed to face these obstacles in turn, but their implementation has been slow in much of the world, including the U.S. In the July B2B API Tracker® , PYMNTS explores the latest developments in the B2B API space, including new open banking initiatives in the U.S. US Bank on the Challenges Impeding Open Banking Adoption for B2B Payments.

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U.S. Bank ties expense report management to virtual cards

Payments Source

Digital banking Fintech U.S. The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports. Bank Expense management software Virtual assistants Digital Banking 2020