Terafina, an NCR VOYIX company’s Post

Discover how issuing banks extend credit and the impact of interchange rates on merchants! Learn about the intricate relationship between banks, credit, and transaction fees in our latest blog. Dive into the details here:  https://lnkd.in/gguakbYH #CreditCards #Finance #Banking #MerchantServices #FinTech #CreditRisk #CardIssuers #PaymentProcessing #MerchantFees #BankingInnovation #FinancialEcosystem

#CFPB rules that #BNPL lenders should be treated as #creditcards #financialservices #fintech #banks #banking #payments #ecommerce #digitaltransformation #Money2020EU #FintechLive https://lnkd.in/eKWyUQgD

Consumer credit jumps $25.5B in July with strong gains in both revolving and nonrevolving credit - According to Fed data, in July, consumer credit increased at a seasonally adjusted annual rate of 6% to $5.09T. Revolving credit increased at an annual rate of 9.4% to $1.36T, while nonrevolving credit increased at an annual rate of 4.8% to $3.73T. #consumercredit #banking #creditcards

Individuals, information, and tech. The interplay of these components is essential for revolutionizing how banks interact with their customers and expand their operations. Discover the strategies employed by two credit unions to harmonize these aspects, resulting in enhanced and efficient services, by reading our blog: <https://gag.gl/abQQE7?> #digitallending #digitalprogression #creditunion #banking

Credit cards are embedded in the payments landscape, making it critical for every financial institution, large and small, to be involved in a way that best suits their business. However, with much of the U.S. credit card market concentrated among a few key players, many smaller banks feel they can’t compete. Credit Card Issuance by Small Issuers: Strategies, Risks, and Options, a report by Brian Riley, Director of Credit at Javelin Strategy & Research, examines the current market for small issuers and the ways they can contend with the credit card giants. Read more: https://ow.ly/oZxQ50SuB64 #payments #creditcards #issuance #banking

Given the increase in regulatory scrutiny along with the question of how this will benefit consumers, it will be interesting to see how this shakes out. #mergersandacquisitions #banking #discover #capitalone https://lnkd.in/gusWcRvH

Individuals, information, and tech. These trio components are essential in revolutionizing how financial entities cater to their customers and expand their operations. Discover the method by which two credit unions harmonized these aspects to forge enhanced, fulfilling experiences in our blog: <https://gag.gl/abQQE7?> #digitallending #digitalprogression #creditunion #banking

In banking of businesses, the competition for all businesses is fierce. This is mainly because of banks business strategies that seek depositors with high monthly average balances. Why? Because deposits are the lowest cost of funds for the lending side of banking businesses. Product professionals in the banks' treasury management groups are key to developing products that compete effectively and win/retain business depositors. Here's a report on a mega bank doing its part to compete for deposits. "The Charlotte, North Carolina-based bank said it rolled out a new capability this summer that enables treasurers and other finance professionals to launch an inquiry into the status of a transaction within the platform. It is part of an ongoing BofA effort to enhance its digital banking offerings to ensure businesses can largely manage and monitor their accounts online without always needing to pick up the phone or email for additional help." "Previously, BofA business clients could initiate an investigation to get more information about a transaction, but they wouldn’t necessarily know who was working on the issue and what its status was, Abbey Novack, CashPro product executive at BofA, said in an interview. “We’re really trying to mitigate informational black holes and give the client information before they even think, ‘You know what? I need to go and send an email now.’”   The improvement is a time-saver for both the bank and its customers because transaction-related inquiries are one of the main reasons clients continue to call and email the bank, she said. That may be partly because, once a company initiates a payment, a host of issues can crop up. For example, a company may send the payment from the wrong account or it may need to validate the status or details of the payment. At other times, companies need to resolve why the bank that was sent the funds is claiming nonreceipt. " #digitalbanking #treasurymanagementinnovation #competitiveadvantage

Almost all of the CU executives we talk to are looking to leverage their indirect portfolios. Let’s brainstorm on ways to do it together.