Hany Fam

The ability to send instant payments to suppliers is just one of the many ways your business could benefit from the FedNow® Service. Discover more use cases: https://lnkd.in/dAWQcx82 #FedNow #instantpayments #payments #banking #FederalReserve

25

18 Best Practices For Navigating Microloan Lending #payments #fintech #paymentsolutions http://ow.ly/ZLCi30sCzOu

7

Recent years have seen an increase of #banks offering their products and services to #fintech companies, which are growing at a fast pace. While some #community banks may not understand the uniqueness of fintech customers who need to be managed differently from #risk #management and #BSA/AML and #OFAC compliance perspectives, failure to have effective risk management and #compliance programs to manage fintech relationships may have serious consequences for the bank. The pursuit of a business #strategy of #banking #fintechs, but failing to ensure appropriate #controls, #oversight, #monitoring, end #customer #consumer compliance program and #InternalAudit by #Evolve Bancorp and the Evolve Bank & Trust resulted in Cease & Desist Order by the #FRB and #Arkansas State Banking Department that requires various corrective actions, including #policy & #procedures enhancement, #ModelValidation, #Monitoring, #Lookback, #Training, #InternalAudit, #CreditRiskManagement, #IndependentReview etc.  #CeaseAndDesist #SupervisoryAction #Enforcement #SBD

9

When it comes to open banking, do you know the facts? Read this article from Shanda Purcell, senior director of open banking at CSI, to explore three common misconceptions that community banks should avoid as they explore how to deploy open APIs within their tech strategies: https://bit.ly/3UjiRHH

22

Offering to accept ACH payments is an effective and low-cost method to enhance convenience for your customers. And, expanding payment processing options to include ACH can significantly increase business revenue. Here are some of the most frequently asked questions merchants have regarding their ACH payment processing services: 📌 What Does ACH Stand For? ACH stands for Automated Clearing House. The Automated Clearing House is a network of financial institutions across the U.S. that enact Electronic Funds Transfers. 📌 What is an ACH Hold? An ACH hold is when a payment is authorized by the owner of an account and the bank in charge of that account reserves (holds) the specified payment amount. 📌 How Long Do ACH Payments Take to Process? Standard ACH payment processing services offer ACH transfers on a four-day hold. This refers to four business days, so weekends and holidays must not be counted towards this time. #ACHPayments #FAQ #Payments Do you want to learn the answers to the most frequently asked ACH payment processing questions? Check out the full article in the comments.

1

1 Comment

The Buy Now, Pay Later (BNPL) industry is embracing innovation to stay ahead in a competitive market, and Sezzle's recent launch of #PaymentStreaks exemplifies this trend. This program incentivizes timely payments by integrating a #gamification element into the user experience. Customers build 'payment streaks' with each on-time payment, which in turn propels them through various loyalty tiers within a 90-day period. The potential to earn rewards and gain entries to monthly giveaways not only enhances customer engagement but also fosters #FinancialResponsibility. I think Sezzle is on to something great and is securing it's competitive edge in the highly competitive #BNPL space. What do you think? Will this be a differentiator for Sezzle? #fintech #cx #loyalty #payments #customerexperience #loyaltyrewards #paymentgamification #fintechtrends #ConsumerFinancing #TechFinance Scott Julie Mike Amanda Jason Bryan Dan Bram Carl ibex

17

8 Comments

Interoperability between FedNow and RTP was a hot topic at Smarter Faster Payments 2024. Karen Cervenka, David Scola, and Jack Henry’s Elspeth Bloodgood discussed the potential impacts and use cases in their panel session. Nacha #FasterPayments24 #FedNow

50

FIS forecasts steady revenue growth, projecting a 4% to 4.5% increase this year, with rates climbing to 4.5% to 5.5% for 2025 and beyond. The banking services division anticipates a 3.5% to 4.5% expansion by 2026, driven by recurring revenue and strategic acquisitions. The capital markets services division is expected to grow even faster, with a jump between 7.5% and 8.5% next year, bolstered by small acquisitions. FIS, following the sale of a majority stake in Worldpay earlier this year, aims for strategic acquisitions to enhance growth in its remaining banking and capital market businesses. CEO Stephanie Ferris emphasizes the potential in digital products and payments services for accelerated revenue growth in banking. Overall, FIS anticipates continued growth across its divisions, with a focus on targeted acquisitions to enhance its technological capabilities and global reach. Read Full Article Here: https://lnkd.in/eNUF-z56 #innovation #technology #marketing #branding #investing Branded Hospitality Ventures Ed Barker John Avery DeAndre Jones August Keating Jim Neve Nasser KHODRI Payments Dive

1

Bank and Credit Union CEOs Reveal Top Priorities in Annual Survey Know more:-https://lnkd.in/djM6-N2B Jack Henry #fintecbuzznews #fintech #financialtechnology #fintecbuzz #banking

4

Choosing the right payment solutions for your type of business can dramatically improve your revenues, customer retention, and bottom line. Here’s how ACH Payments and paper check digitalization can optimize financial operations across various industries: ACH Payments: ➡️ Healthcare/Wellness: ACH ensures consistent revenue with automated monthly payments, eliminating payment delays. ➡️ Property Management: ACH facilitates reliable rent collection directly from bank accounts, avoiding cash and check risks. ➡️ Non-Profit Organizations: Simplify recurring donations with ACH for steady funding without the transaction fees. ➡️ Educational Institutions: Secure timely tuition through ACH, reducing administrative burdens and ensuring budget stability. ➡️ Subscription Services: Minimize churn and transaction costs with ACH, enhancing subscriber retention. “Check 21” Digitization: ➡️ Retail Banking: Lower cost, fewer errors, less fraud, faster settlement, funds posted far sooner, greater customer satisfaction. ➡️ Legal Practices: Lower cost, fewer errors, digital records and tracking, faster funding. ➡️ Accounting Firms: Less float, more certainty, digital tracking and trail, easier/quicker financial reconciliation. ➡️ Real Estate: No more “lost in the mail,” fewer challenges, digital tracking and trail, and more timely closings. ➡️ Non-Profit Organizations: Donations in the bank days faster, more predictability, less labor resolving errors and delays. Let us customize check digitalization and faster payments that are exactly right for your enterprise. Click Finagy.com to find the right payment solutions for your business. #FinancialTechnology #FinancialServices #PaymentSolutions #DigitalBanking #Payments #Profit

7

Enterprise GTM is broken! Why? There is so much noise! It's getting harder to get in front of decision-makers, send them valuable content, and build trust! Everyone is bombarded by stuff they don't want. So they don't see your content and messages. Our founder and board chair, SC Moatti, will be on TechCrunch’s stage to tell you about how to fix enterprise GTM, backed by her collaboration with Products That Count’s 500k+ product leaders. You can upvote her talk so more people can learn how to fix their enterprise GTM 👇

8

1 Comment

Be in the know on #payments news with this week’s #WeekendReads ⬇️ 1. CU 2.0 Podcast: James Colassano on Real Time Payments (RTP) Coming At You https://lnkd.in/g-ru-iXg / CU 2.0 2. New Study Highlights Tech Trends and Top Priorities for Banks in 2024 and 2025 https://lnkd.in/gS-gsKA4 / Bank Automation News 3. Is Request to Pay the New Frontier of Payments in Europe? https://lnkd.in/dH9z-HHK / Payments Cards & Mobile 4. Instant Payments Drive Profits for the Small Restaurants That Use Them https://lnkd.in/eXAyhUx5 / PYMNTS 5. Why Banks and Credit Unions Are Moving Slowly to Real-Time Payments https://lnkd.in/gZ3jz56g / PaymentsJournal

14

1 Comment

Mbanq joins The BaaS Association! This alignment supports Mbanq in helping drive best practices within an industry that is rapidly changing in response to regulatory and technology shifts. Read more here: https://lnkd.in/gEUJtB53 #BaaS #CommunityBanks #Banks #FinTech #Innovation Vlad Lounegov Dave Mayo

69

2 Comments

Check out President Paul Rindone's contribution to the new Payments edition of the Finopotamus Industry Leaders Forums: "Can Instant Payments Lead to More Auto Loans?" Of course, the answer is yes. Click below to find out how. #fintech #creditunion #autoloans #autolending #faas

7

As the demand for SMB financing grows, innovative lending solutions are stepping up. This PYMNTS article highlights how a fintech, Hello Alice, is using AI to streamline access to capital, addressing the specific needs of small businesses. With alternative lenders providing more accessible financial products, small businesses can more easily navigate growth challenges. These tech-driven approaches are vital for the sustainability and expansion of SMBs in today's economy. 🔗 Read more on how these data-driven technologies are transforming SMB financing here: https://lnkd.in/g9Uvgqu2 #smb #lending #data #embeddedfinance #openbanking

8

Exploring the realm of ACH payments is like peering into the intricate gears of modern finance—a complex system meticulously designed for efficiency and security. Discover how ACH payments streamline transactions, reduce costs, and enhance security in the digital age. Unravel the intricacies of ACH payments in this informative deep dive. #Finance #ACHPayments #DigitalPayments #Efficiency #Security https://lnkd.in/dfENqjVa

1

That was a blast! Thanks Dave Wallace & Dharmesh Mistry to have me on your amazing Demystify podcast / FinTech Futures. It was truly enlightening discussing the current upheaval in Banking as a Service (BaaS) in the US, highlighting what sets the US apart in the realm of BaaS and embedded fintech. We focused on the future of BaaS/embedded fintech, emphasizing its role in empowering community banks and credit unions. Rather than merely enabling fintech companies, the real opportunity is to power local institutions with next-generation modular banking technology for their digital journey. Now, local financial institutions have the capability to enhance their core offerings, harness modular banking technology to tailor essential features, access prebuilt banking solutions (such as offerings for teens/parents, small to medium businesses, the elderly, and migrants), launch specialized digital services, or tap into Agora's cutting-edge core banking technology. The future is Embedded Fintech! Listen to the episode here: https://lnkd.in/eVhvwTmJ #digitalbanking #corebanking #bankingsolutions #payments #fintechsolutions #digitaltransformation #fintech #baas #neobanks #challengerbanks #embeddedfintech #creditunions #communitybanks #embeddedfinance #nichebanking #ai #apis #modularbanking

14

3 Comments