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One credit union's launch of a financial wellness app aims to utilize behavioral research to better resonate with how consumers today use mobile applications.
July 26
WSECU -
The information you need to start your day, from PaymentsSource and around the Web. Today: Salesforce and Alibaba team up; VC funds for Standard Cognition; WeChat adds airborne payments; Cannabis bank gets off the ground; Elavon hires a top exec for Europe.
July 26
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A traditional rules-based fraud system will not be capable of detecting synthetic identity fraud. A combination of supervised and unsupervised machine learning algorithms must be implemented to process the data necessary to effectively segment good and bad identities, says Steven D'Alfonso, research director at IDC Financial Insights.
July 26
IDC Financial Insights -
The mobile point of sale market has grown far beyond its roots as an off-the-shelf dongle for smartphones. The category is now driving major acquisitions, collaborations and international deployments.
July 26
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Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more.
July 25
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The company agreed to buy the parent of Countryside Bank for $90.5 million.
July 25
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The Alabama bank, which is spending hundreds of millions on technology, says the ability to make faster credit decisions is one reason digital metrics such as checking account openings are soaring.
July 25
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The San Antonio bank has had little trouble hiring retail bankers to staff its new Houston branches, but it’s having a harder time filling IT and cybersecurity jobs at its headquarters, said CEO Phil Green.
July 25
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The company agreed to pay $66 million for the parent of Citizens State Bank in Tyler, Texas.
July 25 -
The agency’s director said it will let a temporary GSE exemption from the “qualified mortgage” regulation expire.
July 25
