Christopher Hester

Offer your customers a convenient and cost-effective way to fund Loyalty Wallets: ACH payments. By bypassing card-based interchange, you'll save 80% on merchant fees. Read more here: https://lnkd.in/g648pSZq #loyaltywallets #embeddedfinance #achpayments

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NACHA’s new rules are transforming fraud detection for community banks, credit unions, and smaller financial institutions! Here’s what’s changed: - Return Reason Codes: RDFIs can now return suspicious payments with Return Code R17. - Enhanced Monitoring: Mandatory ACH credit monitoring begins with large institutions, expanding to all RDFIs by mid-2026. - Increased RDFI Accountability: RDFIs are now responsible for identifying and returning funds linked to mule accounts. These changes require immediate action for compliance and effective fraud prevention. Learn how NICE Actimize’s Xceed can help your institution adapt with AI-powered solutions for real-time monitoring and seamless case management. Read the full blog for insights: https://bit.ly/3UN2G6r #FraudPrevention #NACHA #NICEActimize #Compliance

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Preventing ACH fraud in isolation is almost impossible. Institutions need to harness the collective power of the industry to better protect against evolving ACH fraud threats. Learn how a consortium approach to payments fraud can help your institution protect yourself and your customer from falling victim to sophisticated scams. Download our infographic, NACHA’s New Rules: What Your Institution Needs to Know, to learn more! https://buff.ly/3zMrvbh

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Looking to elevate workflow efficiency? Shastic's AI-Workflow-Automation platform is what your credit union needs to revolutionize operational efficiency and member engagement. Why Choose Shastic? -Streamline Processes: Automate to save time and minimize errors to focus on high-value tasks. -Enhanced Member Experience: Deliver personalized, digital-first services that exceed member expectations. -Drive Efficiency and Growth: Leverage predictive analytics for data-driven decisions, enhancing your competitive edge. -Seamless Integration: Effortlessly connects to your existing systems in minutes with minimal IT lift. 🔍 Transformative Impact From loan processing to member services, witness a tangible improvement in productivity, satisfaction, and ROI. Join the leaders who are already redefining the credit union industry with Shastic. 🌐 Schedule Your Demo Today Don't just keep pace with technology—lead the charge. Request your Shastic demo today and take the first step toward a smarter, more responsive, and member-focused future. https://hubs.ly/Q02Py-7B0 #AI #workflowautomation #efficiency #automation #creditunion #banking #workflow

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Key Facts SMB Digital Lending leverages advanced data analytics and machine learning to help banks profitably source, underwrite, and fund loans of any size to small and medium-sized businesses.

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About a year after the FedNow service launched, financial institutions are focusing on delivering customer value through overlay services like Request for Payments (RfP) built on instant payment systems. This tool remains underutilized by many banks, with only 39% fully recognizing its high demand, resulting in missed opportunities. Meanwhile, fintechs are ahead of the game, offering streamlined invoicing and QR-based bill payments to attract business clients. It’s time for banks to catch up and harness the potential of RfP. Find out how in our latest blog. Why Banks Can't Afford to Ignore Request for Payment - Finzly https://hubs.la/Q02DSqzt0

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In the past, ACH, cash, and checks were the only ways consumers could make a #loanrepayment. Find out why now is the time for #billers to reconsider #debitcardpayments to attract younger buyers by downloading the ACI Worldwide and Mastercard report: https://aciw.co/3CerbTs

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Macha, Inc. and PaymentsFirst, Inc. to Merge Combination Creates Dynamic Payment Association Macha, Inc. ("Macha") and PaymentsFirst, Inc. ("PFI") announced today that their respective Boards of Directors have approved a merger agreement under which the two payment associations will combine. Macha's wholly-owned subsidiary, Payment Advisory Resource ("PAR"), will continue to offer audit and consulting services under the combined payment association. "Our organizations have very similar cultures and approaches to education, advocacy, and member-oriented service, and this merger gives us the strength and resources to remain competitive going forward.," said Mary Gilmeister, President and CEO of Macha. Rich Leary, President and CEO of PFI added, "I am excited to partner PaymentsFirst’s, education, member services, proprietary audit and risk assessment software, and industry leading AI utilization with all the exceptional services Macha offers to their members." Gilmeister will serve as the CEO of the resulting entity, and Leary will serve as the President. Leary noted, "I’ve collaborated with Mary Gilmeister on many industry initiatives over the past 30 years and am truly looking forward to bringing our teams together to serve our combined members." Gilmeister observed that "Rich Leary and his team have built a legacy with PFI that makes it a perfect fit for Macha and we look forward to working together and carrying that forward." The merger is subject to approval by the members of both Macha and PFI in accordance with their respective bylaws. The votes are expected to occur in the 3rd quarter of 2024 with consummation to follow shortly thereafter. Reinhart Boerner Van Deuren s.c. served as Macha's legal advisor. Adams and Reese LLP served as PFI’s legal advisor. ### About Macha Macha was formed in 1975 and has more than 500 members. Macha, directly and through PAR, offers its members support on all payment systems, education, audit, risk and consulting services. www.macha.org. Contact Mary Gilmeister at (262) 345-1245 or [email protected]. About PFI PFI was formed in 2015 and has more than 650 members. PFI offers its members support on all payment systems, education, audit, risk, and consulting services. www.paymentsfirst.org. Contact Rich Leary at (678) 528-3234 or [email protected]. View the full press release here: https://lnkd.in/ec2g97Ak

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Why wait for members to fire you before making a change? By adopting Shastic’s platform, your credit union gains an edge in delivering seamless experiences while staying true to its mission of member-first service. Don’t let fintechs define what convenience looks like—delight your members! https://hubs.ly/Q02WwlGh0 #AI #RPA #Banking #CreditUnion #Lending #AIWorkflowAutomation #WorkflowAutomation #Efficiency #Loan #Fintech #PeopleHelpingPeople

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Is your financial institution prepared for the future of digital banking? Discover the key strategies that will drive success in 2025 with THE 2025 DIGITAL BANKING PLAYBOOK: Budgeting & Strategies for Banks and Credit Unions. Learn how to elevate your digital sales and service channels to meet rising customer expectations and secure your competitive edge. Download your copy today. 👉 https://bit.ly/3zGFrnn #DigitalBanking #Fintech #BankingGrowth #DigitalTransformation #FinancialInstitutions #AlkamiPlaybook #TechFin

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The RTP® network has made significant strides in bringing instant payments to financial institutions and their customers. TCH is dedicated to expanding #instantpayments for all financial institutions and have close to 700 FIs live on the network, which equals 68% of U.S. demand deposit accounts. Read more about the RTP network's progress, including growing transaction volumes, in this article from American Banker: https://lnkd.in/gjjie-xa

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Last year, NACHA’s ACH Network exceeded $1 trillion dollars in growth for an eleventh straight year – and fraudsters are following the money. Given the prevalence of authorized push payment scams such as Business Email Compromise, NACHA has enacted new rules to strengthen their network against fraud – promoting detection across all ACH payments, from origination to receipt.  Our new blog explores: 🔎 What the new rules could mean for you. ❗ The threat of scams against ACH payments. ✅ How consortium analytics can help. Read it here:

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The secret to raising credit unions above their competitors is discussed in this expertly crafted whitepaper in a 6-step impactful strategy. Download the whitepaper to understand the below-noted pointers in detail and let your credit union stand out. The ins and outs of benchmarking and its long-term benefits The importance of understanding the target audience and marketing to them accordingly The role of AI and its measurable benefits The need to rethink the omnichannel approach How to reimagine the member experience for overall growth https://zurl.co/tF7f

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MDT Announces Elevated Go-Forward Strategy to Help Credit Unions Compete and Remain Institutions of Choice “MDT has always been a strategic partner that helps guide major decisions and projects for their credit union partners. When looking toward the future, it’s a natural progression for the organization to place even more focus on consulting solutions. In doing so, we will remain committed to service, prioritizing the availability of technology solutions and aiding in the navigation of the fintech landscape,” said Pat Spyke, LAFCU and board chairman of MDT. “Our future looks bright, and we are well positioned for continued evolution by investing in cloud-based solutions, providing comprehensive consulting engagements, and offering technologies that benefit our credit unions across the country and make them the preferred choice for members.” https://lnkd.in/eBtxa2kZ Matt Baaki Maddie Mitcham Carla Bettens Jonathan Daysen Amethyst Stewart Larry Nichols #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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