A report entitled An Analysis of Outpatient Revenue Cycle Management Outsourcing, the result of a collaboration between HFMA and health information technology company XIFIN and reflecting responses from 157 US-based HFMA members, reveals that over one in five revenue cycle leaders handle their own inpatient revenue cycle management (RCM) operations. However, ...

Download PDF Copy of the Newsletter PYMNTS.com: 81% of Businesses Still Pay Other Firms Via Paper Checks While many industry experts have predicted the demise of checks and subsequent move towards fully digital payments, the reality is that checks are NOT going away anytime soon. In fact, a new PYMNTS ...

The San Diego Business Journal asked a group of banking leaders for their impressions of the digital revolution in banking, and received valuable insights regarding human interactions, response to pandemic-era restrictions, and fraud prevention. Even before the COVID-19 pandemic impacted the world economy in early 2020, the financial sector was ...

While many industry experts have predicted the demise of checks and subsequent move towards fully digital payments, the reality is that checks are NOT going away anytime soon. In fact, a new PYMNTS report, THE TREASURER'S GUIDE TO AR PAYMENT OPTIMIZATION, reveals that 81% of businesses still pay other firms ...

Even as we read more and more about the popularity of digital banking, a study by PYMNTS reveals that many consumers are not yet prepared to cut ties with their traditional financial institutions (FIs) and go fully digital. In their new collaboration with Treasury Prime entitled "How Consumers Use Digital Banks," ...

BAI examines the ongoing transformation of the branch experience: Long before the pandemic hit, many banks were well on their way to rethinking their branches to better accommodate customers' increased use of digital channels. With the net closure of nearly 3,000 branches in the U.S. last year and a similar pace in ...

Download PDF Copy of the Newsletter The Financial Brand: Quick Guide to Successful Digital Banking At The Financial Brand, Jim Marous, industry influencer and CEO of The Digital Banking Report, and BK Kalra, Global Head of Banking and Capital Markets at Genpact, offer their four essentials for success in the ...

It's an open secret that the types of products and services corporate clients demand from their financial institutions (FIs) are shifting to digital banking solutions. This month PYMNTS Intelligence takes a look at recent changes in corporate clients' requirements for online versus in-branch banking as well as how banks can ...

A report on the Globes website gives us a look at restrictions on cash payments in Israel that have been in effect since January of 2019. The law limits the use of cash in any transaction worth more than NIS 11,000 with a business and more than NIS 50,000 in ...

Check Fraud and Recognition Solutions Business Will Continue to Run Independently Billerica, MA, August 16, 2022 - OrboGraph, a premier supplier of check processing automation, fraud detection, and healthcare payment electronification, announced today that Revenue Management Solutions (RMS), a provider of automated healthcare payments reconciliation services has acquired OrboGraph. Thompson Street ...

PYMTS.com reports on Cat (aka Caterpillar) -- the manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives -- providing a very good example of how, via their business planning and practices, "ye shall reap what you sow." The moral of the story ...

At The Financial Brand, Jim Marous, industry influencer and CEO of The Digital Banking Report, and BK Kalra, Global Head of Banking and Capital Markets at Genpact, offer their four essentials for success in the digital banking space. One point they make early is that, while COVID certainly accelerated adoption, the digital banking revolution was ...

Download PDF Copy of the Newsletter Alogent: "Checks Are Not Going Away"…with Data to Back It Up! A post at Alogent starts with a very clear -- and, by now, familiar -- proclamation: "Checks are not going away." The stigma around the use of checks was even the focus of ...

Brace yourself: It's time for banks to begin planning their move to the Metaverse. Or Web3. Or Web 3.0. Or whatever they're calling it today. If you're not exactly sure what the Metaverse is, rest assured that you are not alone...but that hasn't stopped banks from eagerly diving in. The ...

A post at Alogent starts with a very clear -- and, by now, familiar -- proclamation: The stigma around the use of checks was even the focus of an SNL sketch, where they joked about the amount of data needed before it could be tendered. What those script writers didn't ...

Artificial intelligence and machine learning technologies are making a big impact in the banking industry, as their ability to process millions and even billions of transactions in mere seconds is unparalleled. However, the astounding amount of data being processed means it's not without its pitfalls, particularly when it comes to ...

PYMNTS and Ingo Money have collaborated on The Money Mobility Playbook -- an exploration on how Fintechs and FIs can provide clients and customers with optimal money mobility regardless of the type of payment or disbursement they choose to make. One of the many discoveries revealed within is that a ...

In a press release by Gartner, Inc., the company boldly predicts that banks and financial firms will boost their technology products and services investments in 2022 to the tune of $623 billion. Gartner Inc. goes on to identify what they consider the top three tech trends emerging in banking and ...

Download PDF Copy of the Newsletter Check Deposits: Turns Out the Amount Matters The latest episode of Truth in Data, a video series by PaymentsJournal, takes a look at the ways in which banking customers prefer to deposit checks. While there is a clear need for mobile deposits, it turns ...

Recent aggressive interest rate increases by the Federal Reserve, as well as geo-political uncertainties, have combined to create an environment wherein banks will be in high competition to not only gain new customers, but also retain customers -- and, more importantly, their deposits. As we are all aware, deposits are ...

It's no secret that bank consumers are not fans of overdraft fees. A number of big banks eliminated overdraft and/or non-sufficient funds (NSF) fees in 2021-22, responding to governmental pressure and competition from neobanks. While this might be welcome news to the consumer, The Financial Brand reports that smaller community ...

Chris Clausen, executive director of digital payment solutions for Deluxe Corporation, points out via an article at bai.org that, though almost all B2B checks begin and end as data, there remains a "messy middle" consisting of conversions from electronic to paper and back to electronic. That creates both time and ...

In a recent PaymentsJournal Podcast, guest speaker Chuck Doherty, Fiserv's Director of Client Relations for Deposit Solutions, and Sarah Grotta, Director of Debit and Alternative Products Advisory Service at Mercator Advisory Group, discussed the growth in adoption of mobile deposits. Click the images above to enlarge. The podcast provided data points on ...

Download PDF Copy of the Newsletter 75% of Surveyed FI's Companies Now Employ High-Performance Computing, Deep Learning, and Machine Learning PYMNTS.com reports on the move toward more efficient digital processes -- accelerated, of course, during the trend away from in-person banking that began as a result of the COVID pandemic. ...

PYMNTS.com reports on the move toward more efficient digital processes -- accelerated, of course, during the trend away from in-person banking that began as a result of the COVID pandemic. It's all in the latest Digital-First Banking Tracker®, wherein PYMNTS examines how FIs can realize savings in time and resources while ...

The latest PaymentsJournal podcast, with guest speaker Chuck Doherty, Fiserv's Director of Client Relations for Deposit Solutions, and Sarah Grotta, Director of Debit and Alternative Products Advisory Service at Mercator Advisory Group, discusses mobile check deposits, best practices to drive greater accountholder adoption, and the challenges financial institutions face as ...

It's no surprise that the banking industry has become more dynamic, trending towards technology to help meet ever-changing customer demands. While large financial institutions have the resources to adapt to these changing needs more quickly, community banks and small financial institutions must be more strategic, as each decision can drastically ...

The OCC's senior deputy comptroller for midsize and community bank supervision, Sydney Menefee, recently spoke to American Banker about some of the changes she's observed in the decade since the Office of the Comptroller of the Currency last overhauled its supervision of small and midsize banks. "The industry has evolved, ...

Download PDF Copy of the Newsletter Fiserv Survey: 64% Would Increase Check Usage if Funds Were Immediately Available Victoria Dougherty, Fiserv's Director of Product Management, Financial and Risk Management Solutions, notes that "reports of the paper check's death have been greatly exaggerated." Most people still write and cash checks, even ...

Victoria Dougherty, Fiserv's Director of Product Management, Financial and Risk Management Solutions, notes that "reports of the paper check's death have been greatly exaggerated." Most people still write and cash checks, even if they do it less frequently. Plus, with fewer checks in circulation, the checks people write and receive ...

A recent Forbes article takes the reader on a nostalgic trip to another era: If you're of a certain age, you might remember going to a drive-thru bank, where you'd put your deposit into a container outside the bank building. Your money was then sucked up via pneumatic tube and ...

EPAM Continuum released a report entitled Regional Banks Reimagined. This project presents the results of their annual survey covering attitudes and behaviors of banking customers around the globe. In their inaugural effort, they surveyed 4,500 consumers across four countries to understand their beliefs; for 2021, EPAM surveyed more than 21,000 ...

PYMNTS.com reports that many businesses are looking for ways to optimize their accounts receivable (AR) and accounts payable (AP) processes in line with their emerging digital needs. One might imagine that check payments are becoming scarce. Wrong. In fact, some experts estimate that 40% of all B2B payments in the ...

Download PDF Copy of the Newsletter Ingo Money: Checks are "Money Mobility Instruments" & Fraud Targets Ingo Money CEO Drew Edwards recently had a conversation with PYMNTS' Karen Webster where Mr. Edwards emphasized the "good news-bad news" surrounding checks in that they can be a critical component of money mobility, ...

As a leader in the check fraud prevention industry, OrboGraph continues to invest in the development in its technology and solutions designed to increase financial institutions' capabilities for check fraud detection. This level of investment and dedication has led to OrboGraph's OrbNet Forensic AI being recognized a winner of 2022 ...

PYMTS.com reports, via their January 2022 ConnectedEconomy™ Report, that a substantial amount of U.S. consumers -- 67% -- say they interact with their bank using digital channels, including such functions as checking their balances, paying bills, and monitoring transaction alerts. As Bank of America CEO Brian Moynihan told CNBC in ...

In an era of digital payment avenues that seem to double in number every month, checks may seem old fashioned and ready to be left behind, However, as we've illustrated here previously, checks remain key tools for many individuals and businesses. As noted in PYMNTS.COM: Eighty-one percent of business professionals ...

This past October we reported that the US Post Office was experimenting with offering some banking functions to aid underserved neighborhoods and populations. These services were to include check cashing, bill paying, ATM access, expanded and improved money orders and expanded wire transfers, with select Postal Service locations in Washington, ...

Download PDF Copy of the Newsletter LexisNexis Study Reports $4.00 in Fraud Costs per $1.00 Fraud Loss BA Banking Journal reports on a new study called "The True Cost of Fraud™" from LexisNexis Risk Solutions that reveals rising monthly fraud attacks in 2021 compared to the year prior. According to ...

Charlie Peterson, SVP for Allied Solutions, a Carmel, Ind.-based provider of insurance, lending and marketing products for financial institutions, addressed the importance of Artificial Intelligence to financial institutions -- specifically credit unions -- in an article for Credit Union Times. Artificial intelligence (AI) is becoming the norm in both business ...

There are so many intriguing digital payment platforms emerging every week, surely the "antique" check must be fading fast, right? Wrong. On the occasion of its full-year earnings call on Feb. 3rd, Deluxe Corp. reported that their checks segment's revenue increased just over 6% year over year. Pymnts.com reports that this is ...

In a digital society where the younger generation has created new nomenclature such as "I'll Venmo you" to send person-to-person payments or asking if a vendor accepts PayPal (and perhaps soon, "Do you accept Bitcoin?") The Financial Brand took a look at the future of checking accounts. The article provides an ...

Even though we've just met, no one is standing on ceremony with "Charles," or even "Charlie." Nope - it's CHUCK™ right out of the gate. CHUCK is an open network for instant payments, created by a consortium of community banks. American Banker reports that "more banks will roll out their ...

Download PDF Copy of the Newsletter Keeping Your Bank Up-to-Date with American Banker's Top Trends for 2022 As we start off the new year, an article from the American Banker highlights seven bank trends to watch in 2022. The key, according to their analysis, is providing ultraconvenience to customers. As you take a look ...

In what might very well become an industry standard practice, Bank of America (BAC) is the latest major financial institution to announce that it is ending fees for insufficient funds. They also plan to cut overdraft fees from $35 to $10. These new policies go into effect in February. CNN Business Reports "Bank of ...