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KeyBank launches virtual account management services

Finextra

KeyBank (NYSE: KEY) announced the launch of KeyVAM, a virtual account management solution for treasury management clients who have complex demand deposit account (DDA) structures and want to streamline their cash-flow and account structure.

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KeyBank to hold off on FedNow until DDA reach hits 5%

Bank Automation

The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDA’s allow deposited funds to be withdrawn at any time, Jon Briggs, head of […] The post KeyBank to hold off on FedNow until DDA reach hits 5% appeared first on Bank Automation News.

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FICO Fact: How Current is the Data in my FICO Score?

FICO

In fact, while other credit scoring models may generate a credit score based on stale credit information , our minimum scoring criteria requires that at least one credit account has updated information reported in the last six months. How frequently the data is updated depends on where it resides: Credit Bureau Data.

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

But scams, and the impact of scams, extend beyond individual bank accounts. There is also growing impact to traditional card portfolios, not just demand deposit accounts (DDA) and real-time payments channels.

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New Analytics for Real-Time Payments Fraud

FICO

As volumes of account-to-account consumer payment transactions grow — such as person-to-person (P2P) transfers made via Zelle, which is forecast to take over Venmo in 2018 — so does the opportunity for fraudsters to exploit demand deposit accounts (DDA).

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Leveraging Alternative Data to Extend Credit to More Borrowers

FICO

roughly 28 million consumers have insufficient data in their credit bureau file to meet the minimum criteria for calculating a FICO® Score (at least one credit account open for six months or more, and at least one accounted reported to the credit bureau within the past six months). In the U.S., million (2.3

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Payment Platforms Evolving As Faster Payments Take Root

PYMNTS

The API model works to boost traditional companies’ digital presence, she explained, with a focus on authentication to help address concerns about security — especially as firms conduct identity verification and find out if an account used to fund transactions is legitimate. Join PYMNTS.com and Fiserv for a webinar on Wednesday, Nov.