Payments

September 18-20, 2017, Phoenix, AZ PAYTHINK IS THE PREMIER BANK-FOCUSED FORUMPayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As we move toward a cashless society and payments become less visible, PayThink provides payments executives with forward-thinking ideas and strategies to ensure banks maximize their opportunities to become the default payment method, and keep abreast of innovations in credit scoring, faster payments, analytics, security and fraud detection.PayThink provides you with an opportunity to navigate opportunities and challenges in an attendee-friendly, network-filled 2.5 day event. Simply put, this will be the most productive and strategic time that you can spend away from your office in 2017. Take a moment now to mark your calendar and plan to join us this year in Phoenix.

A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.

Why choose a former Visa chief to run a custody bank? Because to survive long term, Bank of New York Mellon will have to look more and more like a payments company.

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey.

The glitch primarily affects payment services, including bill pay and QuickPay, the company’s peer-to-peer service.

The global messaging network Swift and its fintech challenger, Ripple, have been vying for bankers’ hearts and minds for more than a year. Whoever prevails, their latest moves could bring needed change to how international banking is done.

The Delaware company is also close to completing a compliance program to address anti-money-laundering and Bank Secrecy Act issues.

The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.

Direct deposit transactions accounted for 52% of all transactions processed through the speedier system