An efficient merchant onboarding process begins with an exceptional customer experience. Traditional onboarding processes lead customers through an arduous and frustrating account opening process. This guide will provide you with steps on how to begin automating your underwriting process, strengthen compliance, and improve the overall customer experience.
Are you fighting fraud fast enough?
As ecommerce evolves into delivery models with real-time fulfillment and digital downloads, the response time to respond to fraud attacks is shrinking fast. Fraud attacks are more sophisticated – as technology evolves fraudsters have elevated their game on payment fraud.
The answer is machine learning.
Download the Whitepaper to learn how to:
- Eliminate high maintenance rules based engines with self learning algorithms
- Reduce false positives by using big data to identify new fraud patterns
- Make better decisions by understanding machine learning basics
Implementing an omnichannel banking framework is synonymous with digital transformation. Both require financial institutions to invest in essential building blocks related to interoperability, digital transaction streamlining and delivering the right products and services to the right customer segments.
This whitepaper is for channel managers and digital executives interested in exploring how omnichannel banking is evolving and why leading banks and credit unions are choosing to manage customer experience and banking operations infrastructure from a real-time, multi-channel perspective.
Third-Party Payment Processors (TPPPs) and Third-Party Senders (TPSs) play an important role in the financial services industry, providing electronic payment services to numerous small to mid-sized businesses that otherwise would not have access to these services. Financial institutions can quickly grow their portfolios and boost their revenues by working with TPPPs. However, given the lack of direct regulatory scrutiny placed on TPPPs, these companies are targets for money laundering, thus requiring closer investigation and monitoring by financial institutions. This white paper reviews the benefits and challenges of working with TPPPs, and the approach taken by a top financial institution to manage its TPPP portfolio that was well received by auditors and regulators.
Most collections shops are data intensive operations, and using modeling and analytics can greatly improve their performance. A recent web seminar sponsored by Collections & Credit Risk delved into the use of techniques such as segmentation, collection simulation and operations modeling to support decision making and achieve better outcomes.
Many bankers and financial professionals share the same view: The way financial institutions manage their customer identities no longer works. Managing user identities over the Internet is an especially flimsy process: Customers are asked to provide a user name and password and they’re in. But as is widely recognized many people use really obvious passwords that they repurpose from site to site.
The collections, risk and credit climate is changing fast in todays uncertain economy. Collection agencies, debt buyers and lenders often are overhauling, not just tweaking, their risk and asset management strategies. Technology adoption is critical and the growing challenge for debt collectors is to quickly pinpoint which investments will offer the best returns. Staying on top of the latest regulatory evelopments is critical. As the evolution of collections and debt buying marches on, executives must make the adjustments needed to help them capitalize on a business boom sure to happen as the economy returns to health.
This special report will cover:
- How can technology help you keep pace with the competition? Where should you invest your tech dollars?
- Capitalize on the economys ups and downs.
- Where are federal and state regulators directing their attention?
- What do you need to know to ensure compliance?
This feature displays payments industry news and analysis from PaymentsSource sibling brand American Banker. Registration is required; for more information contact customer service.