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How Small Banks Can Protect Their Customers & Portfolio Amid the COVID-19 Crisis

FICO

In part one of my blog series, I talked about the steps that small banks and credit unions can take to help their clients adjust in these challenging times. For those in this group who are also deposit customers, you should conduct an analysis of their deposit account (e.g., It’s a mess, but we’ll get through it.

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Understanding Overdraft Programs (Part 1)

FICO

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. .

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Precise, Multi-Lever Promotional Pricing for Deposits: How to Actually Make it Happen

FICO

Here’s the reality: deposit accounts reside within a “core system” that provides account features, such as balance, interest accrual, and account properties. These systems (even in modern systems) only manage accounts and cannot serve as a flexible pricing engine.

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Retain and Grow Deposit Market Share as Interest Rates Rise

FICO

Retain and Grow Deposit Market Share as Interest Rates Rise. For deposit-taking institutions, a rising-rate environment presents both a challenge and an opportunity - and deposit price optimisation provides a strong solution. chevron_left Blog Home. Video: Unlocking Deposit Account Profitability.

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

There is also growing impact to traditional card portfolios, not just demand deposit accounts (DDA) and real-time payments channels. See all posts chevron_left Blog home expand_less Back to top Related posts Is Hyper-Personalization a Game Changer for Fraud Management? Debbie holds a B.A.

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Secure, Standardized Data Sharing Empowers Consumers & Promotes Innovation

FICO

Consumers can now permission their demand deposit account (DDA) data for inclusion into the UltraFICO TM Score. The blog is written by guest author, Nick Thomas, President, CTO and Co-founder of Finicity. This is a win / win for consumers and lenders.

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P2P Payments Find Fresh Fuel As The 2020s Loom

PYMNTS

In case you missed it, it seems PayPal-owned Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company earlier this week (Aug. The freshest news from this part of the global payments world demonstrates those points. Venmo Trends. More than 64 percent of U.S.

P2P