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FinTech Payments

TD Bank Creates New Commercial Bank From Combined Services

January 31, 2021 at 11:39PM

TD Bank is unifying its teams for commercial, corporate and specialty banking to forge TD Commercial Bank, a new entity, according to a press release.

This will help in offering new levels of growth, a better client and colleague experience, and more streamlined procedures, the release stated.

The corporate and specialty banking teams include divisions for Asset Based Lending, Equipment Finance, Institutional Healthcare and Higher Education, Commercial Real Estate and Global Trade Finance. All of those will be joining TD Bank’s Commercial organization, according to the release.

Previously, TD Bank’s Commercial division handled middle-market, community and small business lending, along with deposits, treasury management and point-of-sale (POS) solutions, the release stated.

The commercial bank already had experience in restaurant franchises, nonprofits, medical and dental practices and U.S. Small Business Administration (SBA) lending, according to the release. Now, it will also include the other markets that have been merged.

“Our Commercial Bank and Corporate and Specialty Banking teams have repeatedly demonstrated that they can deliver strong results together in any economic cycle,” said Greg Braca, president and CEO of TD Bank. “To continue their track record of success, we have merged these teams to build on their combined strengths and position them for long-term growth. Ultimately, it will help TD scale its core businesses and build the Commercial Bank of the future.”

PYMNTS conducted a survey on what people think constitutes a bank, and the consensus came down to three factors: a place to store money; a means to save money; and a simple way to access it all. Barry Baird, head of Payments Capability and Delivery at TD Bank, told Karen Webster in an interview that the primary issue is that customers want their banks to be an answer to every need they might have.

PYMNTS also found that almost two-thirds of respondents expressed an interest in nontraditional finance players like tech companies. But only around 7.4 percent have actually begun using one as their primary institution.

TD Bank Creates New Commercial Bank From Combined Services …

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FIAT GBP

[AC] 1 GBP equals 19291.3809 IDR

THE RATE TODAY FOR GBP/ IDR IS 19291.3809 January 31, 2021 at 11:37PM

View GBP/ IDR Chart

BY www.anycurrency.press gbp

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News

US emini S&P 500 futures open lower, fall 0.5% to open the week … silver +8%

January 31, 2021 at 11:02PM

Everyone’s eyes went straight to XAG 😀   
– Gold + circa 1%  
ps. the headline is out of date already, ES down 1% now 

The chatter about an operation to drive silver prices higher intensified over the weekend, retail ‘physical’ silver sites were inundated with demand, crashing some. 
Continue Reading:…

Author: https://www.forexlive.com/news/!/us-emini-sp-500-futures-open-lower-fall-05-to-open-the-week-silver-8-20210131 Selected by SYFX+

Categories
News

ECB’s Lane spoke over the weekend – says stocks, bank bonds not in toolbox

January 31, 2021 at 10:49PM

European Central Bank chief economist Philip Lane spoke in an interview with
 German newspaper Sueddeutsche Zeitung.
Continue Reading:…

Author: https://www.forexlive.com/news/!/ecbs-lane-spoke-over-the-weekend-says-stocks-bank-bonds-not-in-toolbox-20210131 Selected by SYFX+

Categories
News

US Sunday evening futures markets open at the top of the hour – eyes on silver

January 31, 2021 at 10:38PM

Sites selling physical silver (coins, bars) have experienced overwhelming volumes, many have paused operations/crashed.
Due to massive demand volumes.
Speculation continues to swirl that there will be a ‘run’ on silver similar to operations on GME. Huh … we’ll see. 
Continue Reading:…

Author: https://www.forexlive.com/news/!/us-sunday-evening-futures-markets-open-at-the-top-of-the-hour-eyes-on-silver-20210131 Selected by SYFX+

Categories
FinTech Payments

City National Bank, Extend Team On Virtual Corporate Cards

January 31, 2021 at 11:20PM

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release.

A key selling point for virtual cards is that users can easily control how they’re used, including canceling them with minimal effort if doing so is necessary, according to the release. Replacing them is much easier than replacing plastic cards.

City National, which has a significant number of clients in the entertainment sector, said in the release that the arrangement should be especially useful for account holders who want to conduct quick, one-off transactions, such as those involving vendors working with film crews.

The release stated, in part, that the two companies are offering a “virtual Visa commercial credit card solution that is able to generate true virtual cards on demand that can easily be added to Google Pay and Apple Pay mobile wallets for simplified and secure contactless payments at point of sale. With Extend, City National is the first issuer in the U.S. to launch this competitive solution.”

The virtual cards City National customers will be able to send will include the ability to set spending limits as well as expiration dates, the release stated.

“We’re all about providing our clients with state-of-the art, efficient and secure payment solutions,” Linda Duncombe, executive vice president and chief marketing, product and digital officer of City National Bank, said in the release. “City National has a long history of serving our clients in new and innovative ways, and providing our clients with easy-to-use digital solutions for their payment challenges allows us to better support them — especially at a time when many are working remotely.”

Andrew Jamison, CEO and co-founder of Extend, said in the release that his company’s arrangement with City National “is a huge industry first.”

“Until now, no one has been able to tokenize true virtual cards for mobile wallets, which brings virtual cards to the point of sale — a hurdle that has stood in the way of serious mass adoption. Now virtual cards can be used just like plastic cards,” he said in the release. “We’re very excited to see the new value it can create for City National and their business clients.”

Nick Reid, director of B2B Partner Development at Conferma Pay, told PYMNTS in December the pandemic has highlighted the need for contact-free payment options.

“I don’t think there was ever any doubt in the industry that digitizing payments was better than the status quo,” Reid said. “I just think COVID proved to be one of the necessary catalysts in overcoming corporate inertia and converting businesses.”

City National Bank, Extend Team On Virtual Corporate Cards …

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FIAT GBP

[AC] 1 GBP equals 402.97 HUF

THE RATE TODAY FOR GBP/ HUF IS 402.97 January 31, 2021 at 11:22PM

View GBP/ HUF Chart

BY www.anycurrency.press gbp

Categories
FLreports

US emini S&P 500 futures open lower, fall 0.5% to open the week … silver +8%

January 31, 2021 at 11:02PM

US emini S&P 500 futures open lower, fall 0.5% to open the week … silver +8%
Everyone’s eyes went straight to XAG 😀   
– Gold + circa 1%  
ps. the headline is out of date already, ES down 1% now 

The chatter about an operation to drive silver prices higher intensified over the weekend, retail ‘physical’ silver sites were inundated with demand, crashing some. 

Continue Reading:…

press anycurrency Search Web: US emini S&P 500 futures open lower, fall 0.5% to open the week … silver +8%

Categories
FLreports

ECB’s Lane spoke over the weekend – says stocks, bank bonds not in toolbox

January 31, 2021 at 10:49PM

ECB’s Lane spoke over the weekend – says stocks, bank bonds not in toolbox
European Central Bank chief economist Philip Lane spoke in an interview with
 German newspaper Sueddeutsche Zeitung.

Continue Reading:…

press anycurrency Search Web: ECB’s Lane spoke over the weekend – says stocks, bank bonds not in toolbox

Categories
FLreports

US Sunday evening futures markets open at the top of the hour – eyes on silver

January 31, 2021 at 10:38PM

US Sunday evening futures markets open at the top of the hour – eyes on silver
Sites selling physical silver (coins, bars) have experienced overwhelming volumes, many have paused operations/crashed.
Due to massive demand volumes.
Speculation continues to swirl that there will be a ‘run’ on silver similar to operations on GME. Huh … we’ll see. 

Continue Reading:…

press anycurrency Search Web: US Sunday evening futures markets open at the top of the hour – eyes on silver