PYMNTS

SEPTEMBER 11, 2017

The brick-and-mortar Square operation is slated to offer loans and also traditional deposit accounts to small businesses (SMBs). The company had an investor day last week during which management said that, as noted by Barron’s , the firm’s total addressable market is four times larger than some observers estimate.

Deposit Account

PYMNTS

MAY 8, 2019

The financial institution (FI) recently created a facial recognition tool that enables bank customers to open new deposit accounts either in person or via digital channels. The Digital Identity Tracker , a Jumio collaboration, is a forum for framing and addressing key issues facing entities in the digital identity space.

Security

PYMNTS

SEPTEMBER 9, 2016

million | The number of deposit accounts that Wells Fargo employees opened that may not have been authorized. The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency have levied the highest penalties ever on the leading U.S.

Consumer Financial Protection Bureau (CFPB)

PYMNTS

MARCH 9, 2020

There is good news, and there is bad news with regards to the path to addressing the unbanked and underbanked in the United States. underbanked population appears to be on the decline, with the Federal Deposit Insurance Corp.’s The good news is that the size of the U.S. Regional Banks, Credit Unions Compete.

Credit Union

PYMNTS

NOVEMBER 23, 2020

Money that customers invest in Citi’s “green deposit” accounts will go toward financing or refinancing projects that meet the standards of the Citi Green Bond Framework, established to “reduce the impacts of climate change,” the bank noted in the press release.

Liquidity Management

Fintech News

APRIL 16, 2024

Over 3,000 senior decision-makers and 200+ speakers , sponsors, and exhibitors, and address key industry themes such as financial inclusion, sustainability, cybersecurity, and regulatory frameworks at the event. In 2021, it recorded 9.7 The BOT expects initial use cases under the new policy to be implemented in 2025.

FinTech

Fintech Finance

APRIL 8, 2024

Introducing digital currency and blockchain for cross-border payments Together with Onyx’s Blockchain Deposit Account product, JPM Coin, Kyriba leverages the power of blockchain and efficiency of real-time payment processing to increase end-to-end payments transparency. This is an exciting step in our ongoing collaboration with Kyriba.”

Payment APIs and Integration

The Fintech Times

SEPTEMBER 21, 2024

The Federal Deposit Insurance Corporation (FDIC) has proposed new regulations following the collapse of Synapse Financial Technologies , aimed at addressing the risks associated with bank-fintech partnerships. Jennings also suggested that the proposed rule may have been rushed to market in response to the Synapse collapse.

FDIC

PYMNTS

NOVEMBER 14, 2019

However, separate research from BAI published earlier this year found that businesses continue to lack digital options from their banks, with most of the 600 business owners surveyed reporting that they had to go to a physical bank branch to open accounts, including checking accounts and loans. Digital Banking, Digital Onboarding.

Online and Mobile Banking

Fintech Finance

FEBRUARY 23, 2024

The bank will use Finzly’s multicurrency deposit accounts to allow international respondent banks to transact in multiple currencies with instant FX settlement. The new service will make international banking more convenient by enabling international payments in domestic currency.

Embedded Finance

FICO

SEPTEMBER 9, 2021

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment. However, we do not believe that is the direction for deposit account overdraft. .

Consumer Financial Protection Bureau (CFPB)

FICO

APRIL 10, 2020

Banks should be re-evaluating their portfolios, so they can systematically address the needs of their various customers. For those in this group who are also deposit customers, you should conduct an analysis of their deposit account (e.g., a 12-month rolling report of deposit balance history).

Small Business

PYMNTS

AUGUST 13, 2019

Reports last month in Beckers Hospital Review noted that in Texas, healthcare system Wise Health System announced that hackers had infiltrated their systems and attempted to change direct deposit details on an estimated 100 payroll direct deposit accounts.

Payroll

The Fintech Times

APRIL 25, 2024

This trend addresses challenges related to customer needs. Another trend in Thailand is the rise in combating fraudulent activities aimed at protecting customer money and accounts.” ” Elsewhere at Money20/20 I had the chance to try The Money Run, a fun activity in the Money Arcade.

Small Business

PYMNTS

APRIL 10, 2017

million deposit accounts, allegedly without receiving customer consent. Wells Fargo recently came to a $110 million settlement with customers whose personal information their staff used to set up fake bank and credit card accounts. “We

Office of the Comptroller of the Currency

PYMNTS

APRIL 15, 2019

HR departments need be on the alert for a new type of phishing scam that asks for reroutes on direct deposit accounts, CNBC reported. To move employee paychecks directly into a criminal’s account. They also activated files that forced infected computers to register email accounts with AOL,” the announcement explained.

Money Laundering

PYMNTS

OCTOBER 3, 2017

The API model works to boost traditional companies’ digital presence, she explained, with a focus on authentication to help address concerns about security — especially as firms conduct identity verification and find out if an account used to fund transactions is legitimate.

Faster Payments

FICO

SEPTEMBER 18, 2018

Instant access deposit account complete with overdraft facility and next day (post-book) application fraud checks. Online retailers only passing the registered address, not the delivery address through fraud checks. In your opinion, what should come first: an underwriting decision or a fraud decision - and why?

Fraud Detection

PYMNTS

MAY 10, 2016

Johnny Ayers, co-founder and SVP of Business Development for Socure , argues that being able to have a traditional savings account or demand deposit account (DDA) is a basic financial right that should be afforded to all. New York Attorney General Eric Schneiderman challenged the banks publicly to address this issue.

Financial Inclusion

FICO

SEPTEMBER 20, 2018

Instant access deposit account complete with overdraft facility and next day (post-book) application fraud checks. Online retailers only passing the registered address, not the delivery address through fraud checks. In your opinion, what should come first: an underwriting decision or a fraud decision - and why?

Fraud Detection

FICO

JUNE 4, 2018

Often, the ploy contains the threat that the account holder will be arrested if funds are not sent immediately. By hijacking the primary contact channels, the fraudster can effectively lock out the true owner and take over the entire account. Push Payment Fraud Is on the Rise.

Demand Deposit Account (DDA)

Wharton Fintech

FEBRUARY 26, 2024

Therefore, you need to start working on addressing it now so, if and when it happens, you are already ready for it. The key to quantum is when you do what we do, you have to say there is something which could have a really big impact that is reasonably within your planning horizon.

Visa

FICO

JANUARY 26, 2022

In the first post of the series addressing whether minimum scoring criteria limits the consumers’ access to credit, Joanne Gaskin wrote: Simply put, the answer is no. The UltraFICO™ Score empowers consumers to leverage their checking and savings account data to enhance their score.

Demand Deposit Account (DDA)

PYMNTS

JULY 1, 2019

Jones believes Women’s World Banking can use Libra to address these issues by shaping the infrastructure to improve financial inclusion among women. Many women in developing nations do not have access to government-issued IDs, which makes it difficult, if not impossible, to meet FIs’ know your customer requirements. .

Financial Inclusion

Fintech Labs Insights

MAY 17, 2017

Snell: Because nCino was designed specifically by bankers who understand both the challenges and opportunities in the marketplace, nCino is uniquely qualified to deliver a solution that best addresses a financial institution’s needs. Finovate: What are some upcoming initiatives from nCino that we can look forward to over the next few months?

Small Business

Fintech Labs Insights

MAY 17, 2017

Snell: Because nCino was designed specifically by bankers who understand both the challenges and opportunities in the marketplace, nCino is uniquely qualified to deliver a solution that best addresses a financial institution’s needs. Finovate: What are some upcoming initiatives from nCino that we can look forward to over the next few months?

Small Business

PYMNTS

AUGUST 29, 2017

According to news from CNBC , JPMorgan Chase , the largest bank in Houston with more than 200 branches in the area, will automatically waive or refund ATM fees on deposit accounts through September 10, 2017, for customers in the greater metropolitan area.

ATM

The Payments Association

MARCH 18, 2025

It appears to address concerns that banks were pressured to deny service to digital asset businesses. Greater clarity may help address ambiguities that have contributed to inconsistent banking practices and limited access to financial servicesissues that are particularly relevant for crypto firms offering payment and settlement services.

Federal Reserve