Friday, June 28, 2024
The National ATM Council is sponsoring ATMs go to Washington, a two-day event when representatives and allies of America's independent ATM industry "Take the Hill." The activities for Mon., July 29 begin at 11 a.m. with a complimentary working brunch where attendees prepare for Hill visits; meetings on Capitol Hill with members/staff of the U.S. Senate and House of Representatives from 1 to 5 p.m.; and a complimentary group networking dinner at 6:30 p.m. Tues., July 30, begins with a second prep session and complimentary breakfast from 8:30 to 9:30 a.m.; and ends with another round of meetings on the Hill from 10 a.m. to 4 p.m. For more information and to get involved, see the event's registration form.
The winners of the PayTech Awards 2024 were revealed at the Merchant Taylors' Hall in London where 120 of the "industry’s brightest minds gathered for an unforgettable day celebrating innovation and excellence in payment technology," organizers stated.
Winners and nominees who continue to push the boundaries of what’s possible in payment technology were honored in such categories as Best Bank & Paytech Partnership, Best Contribution To The Economic Mobility In Payments, Best Mobile Payments Initiative, Best New Payments Brand, Best Use Of AI, Best Use Of Data, Best Use Of Tech In Business Payments, Best Use Of Tech In Consumer Payments, Top Innovation In Payments, PayTech Startup of the Year, Tech of the Future, PayTech Leadership, and more.
For a full list of winners and to learn about their ground-breaking work, visit the PayTech Awards website.
In addition to ongoing advocacy to advance the interests of fintech and payments businesses, The Electronic Transactions Association identified potential issues associated with surcharging B2B payments. The five concerns Perryn Holtrop, CEO of PayNation and ETA B2B Committee chair, detailed for the association's June 28, 2024, issue of Transaction Trends are are strained relationships, reduced competitiveness, compliance with state laws, hampered cash flow, and complicated reconciliation.
The 2024 Credit Builder Study by WalletHub revealed a concerning trend in credit-building products amid rising household debt and delinquencies. Many consumers are turning to non-traditional options to boost their credit scores, yet WalletHub's evaluation of 22 popular products exposes dubious practices.
According to WalletHub, approximately 27 percent of these products do not offer a usable loan or line of credit, despite claiming to build credit. Additionally, 23 percent fail to report negative credit behaviors to bureaus, while 18 percent allow manipulation of negative data. Another 27 percent artificially enhance credit scores by reporting inflated credit limits.
WalletHub warned that such products mislead consumers by not reflecting genuine credit risk, adding that the situation jeopardizes lenders and consumers alike, necessitating regulatory intervention to protect financial integrity.
The study did, however, highlight several top performers: the Self Credit Builder Account, Digital Federal Credit Union Credit Builder Loan, Alltru Credit Union Credit Builder Loan, Sunrise Banks Credit Builder Loan, USAlliance Credit Builder Loan, and Cheese Credit Builder.
Customer Contact Week Digital is offering a free seminar titled Establishing Customer Loyalty Through Brand Experiences: Why Personalization Wins. The featured speaker, Caylen McCool from Birdy Grey, will share how to deliver high-level personalization that exceeds expectations. Details will include strategies for personalizing experiences, tailoring interactions for brand enthusiasts to enhance loyalty, how to create memorable experiences, and leveraging data to inform and improve customer interactions. The online event will take place July 16 at 1:30 p.m. ET. Register here for free. 
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
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