Sections
FI
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Fraud PreventionHow ‘Data Exhaust’ Separates Legitimate Customers From Synthetic ID Fraudsters
Consumers want a speedy, Amazon-like experience when creating accounts with their banks, but keeping fraudsters from slipping in among genuine users can...
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Fraud PreventionNew Report: How FIs Are Finding Fraudsters Wherever They May Hide
Synthetic identity fraud is costing companies heavily, with $14.7 billion lost to this type of crime in 2018 alone. This is a...
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Fraud PreventionCombating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education
Much has been said about the viability of biometrics for guarding against bad actors, but financial institutions (FIs) cannot simply assume that...
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Fraud PreventionNew Report: Why FIs Are Taking A Behind-The-Scenes Approach To Fighting Fraud
Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to...
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Next-Gen AP AutomationDeep Dive: How FI-FinTech Partnerships Power Businesses’ AP Cost Savings
Businesses must purchase various supplies and services to power their operations, but they often find it challenging to manage vendor payments. Large...
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Next-Gen AP AutomationNew Report: Why Bank of America Says AP Automation Is About Making, Not Breaking The Budget
Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for...
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Fraud PreventionDeep Dive: Preventing Fraudsters From Exploiting FIs’ Omnichannel Blind Spots
Consumers want omnichannel banking access so they can easily switch between in-person branch visits, call center services and mobile apps as needed....
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Fraud PreventionTaking A Customer-Centric Approach To Fighting Fraud
Social distancing mandates are pushing consumers to embrace digital-first banking services, creating opportunity for fraudsters to bury their scams across multiple channels....
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InnovationHow FIs And FinTechs Are Expanding The Credit Card Paradigm
As consumers shop amid ongoing public health restrictions, they almost invariably reach for their credit cards — whether the physical varieties in...
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APIHow Banks Use APIs To Forge Stronger Client Bonds
Social distancing has changed eCommerce from a ‘want to have’ to a ‘must have’ for businesses, yet retailers could struggle to create...
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BankingHelping Small FIs Make Banking Services As Seamless As Taking An Uber
In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground,...
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Credit UnionsInnovation Is Key to Credit Union Survival
Credit union (CU) members are known for loyalty to these financial affinity groups, but that loyalty is being tested. The 2020 Credit...
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Merchant InnovationDATA: How FI’s Innovation Gap Is Big Tech’s Big Opportunity
If we had to pick a favorite highly quoted Jeff Bezos aphorism, “your margin is my opportunity” would almost certainly be a...
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RegulationDeep Dive: Taking A Closer Look At The Chinese Regulatory Space
Chinese banking and business practices’ potential impacts are favored topics for bankers and merchants: Changes in this market often have ripple effects...
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Mobile ApplicationsNew Data: Banks Could Lose A Quarter Of Their Customers To Tech Giants
Google, Amazon and Apple already loom large in nearly every area of consumers’ lives, whether in the form of smart speakers, cloud-computing...
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Security & FraudHow FIs Can Win The Battle Against ‘Smarter’ Payments Fraud
Not so long ago, payments cyber fraud was done primarily by brute force, through guessing passwords and usernames — a scattershot approach...
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Digital BankingNCR: How Platforms Enable Banks To Be ‘Digital-First’ Fast
To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. In...
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Partnerships / AcquisitionsPayPal And FIS Team On Loyalty Points Redemption
FIS and PayPal have expanded their partnership so that cardholders of institutions participating in the FIS Premium Payback network can use their...
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BrexitN26 Exits UK Post Brexit
FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to...
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B2B PaymentsUnwrapping APAC’s Faster Payments Fraud Threat
As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers...
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Next-Gen DebitFICO’s Take On Debit Security
Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with...
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Digital BankingBMO On Taking A Digital-First Approach To Retail Banking
In-branch banking still plays an important role in customers’ financial lives, despite the growing popularity of mobile and online banking. A recent...
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BitcoinBitcoin Daily: OK Bill Would Create Blockchain Body; Central Asia Steps Up Crypto Mining; Crypto, RBI Case Back In Court
Senator Nathan Dahm (R-OK) is sponsoring a bill that would establish a new state-chartered financial institution (FI) centered around blockchain technology, Cointelegraph...
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VISAVisa’s $5.3B FinTech Play, Wrapped In Plaid
Visa is buying Plaid — the startup that develops APIs for financial services — for $5.3 billion. By helping to bridge the...
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APIWells Fargo: Using APIs To Cut Corporate Cash Flow Confusion
Banks need strong application programming interface (API) strategies if they want to retain their business clients. Business to business (B2B) APIs enable...
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B2B PaymentsOneConnect Wields Government Data For SMB Lending
Chinese firm OneConnect, a blockchain-based small business (SMB) lending platform owned by insurance giant Ping An, has launched a new portal to...
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Accounts PayableDeep Dive: AP Processing Delays And How New Payment Innovations Can Help
Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. The negative...
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Accounts PayableBNY Mellon On The Need For Payments Innovation, AP Automation
Digital payment innovations like real-time payments (RTP) have given businesses more options to improve slow accounts payable (AP) processes. But many firms...
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Accounts PayableBNY Mellon On The Two Key Factors For AP Automation
The supplier relationship is critical for any business. This means providing frictionless and speedy payments and ensuring that the right amount of...
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Security & FraudDoing Battle With Holiday Fraudsters At The ATM
The holiday season is in full swing. That means opening up wallets and purses at the point of sale, which often means...
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APIFifth Third’s Two Cents On Treasury APIs
Financial institutions (FIs) are locked in competition as they seek to serve the $38 trillion global business-to-business (B2B) payments sector, which could...
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DataEnvestnet | Yodlee CEO: Helping FIs Prep For ‘Next-Gen’ Data Aggregation
The past few years have seen contentious relationships between financial institutions (FIs) — particularly larger ones — and data aggregators. At a...
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B2B PaymentsAvidXchange Targets Banks’ B2B Payments Friction With AvidPay
Commercial payments technology company AvidXchange is connecting banking clients to its AvidPay B2B payments network through a new integration. The company announced...
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Payment MethodsJack Henry Debuts Card-To-Card Bill Pay
Jack Henry & Associates has announced the launch of iPay CardPay, which enables its banks and credit unions “to provide near-real-time, card-funded...
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B2B PaymentsBanking-As-A-Service Has Its Own ‘Build Vs Buy’ Conundrum
Banks’ digitization journeys have been a rocky road, to say the least. The spark of FinTech innovation in recent history has set...
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Fraud PreventionFighting Real-Time Payment Fraud In Layers, With Moats
Real-time payments, real-time risk. As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. In an interview with PYMNTS,...
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BankingPeople’s Bank Of China: Hundreds Of Country’s Banks At Risk
This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13...
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DataTCH Gives Banks An Open Banking Template
FinTech firms need access to the data housed within traditional FIs. To get there, and to end the screen scraping (beloved by...
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AuthenticationNEW DATA: Banks Fail To Meet Consumer Desire To Drive Mobile Banking Authentication
Consumers have come to expect specific services and features from their banks. New research conducted by PYMNTS, however, reveals that banks and...
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AMLFinCEN Releases Advisory On FATF’s List Of AML/CFT Deficiencies
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to announce an updated list of jurisdictions with anti-money laundering (AML) and...
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AMLDeep Dive: The Benefits And Limitations Of Video-Based KYC For FIs
FIs cannot afford to be lax with KYC and AML procedures, and their handling of sensitive information means they are held to...
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Credit UnionsDeep Dive: How CUs Can Close The AI Innovation Gap
Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient...
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AppleApple Card And The FinTech, TechFin Conundrum
So far, the young life of the Apple Card has turned out pretty — perhaps even spectacularly — good, depending on the...
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EarningsMetro Bank Chairman Leaves Board Amid Q3 Losses
Metro Bank Co-founder and Chairman Vernon Hill stepped down as chairman on Wednesday (Oct. 23) after the bank reported a net loss...
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B2B PaymentsAML Compliance Isn’t Just Banks’ Burden
Regulatory pressures and market forces are pushing the world’s financial institutions (FIs) to ramp up their anti-money laundering (AML) strategies. As this...
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B2B PaymentsWhat Faster Payments Means For SMBs’ Multi-Bank Relationships
Without regulatory mandates, the Open Banking wave is crashing on the shores of the U.S. financial services (FinServ) sector. Market pressures and...
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Credit UnionsCredit Unions Shun Online Ads For Content To Acquire Customers
In August, Facebook instituted changes to its advertising policies as the result of a settlement it reached with anti-discrimination groups and the...
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B2B PaymentsCannabis Cos’ Financial Struggles Spread Far Beyond The POS
When considering the financial services (FinServ) challenges of the legal cannabis sector, the biggest point of friction that almost always comes to...
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Partnerships / AcquisitionsWhat’s The Best Way To Navigate The New World Of Payments?
These are indeed the days for mergers and acquisitions (M&A) in the world of payments, and that trend looks likely to hold...
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Faster PaymentsFedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?
There are 54 faster payment schemes globally, with more on the way. Craig Ramsey, head of real-time payments at ACI Worldwide, tells PYMNTS...
