BancFirst declares quarterly dividend and trust preferred interest payment

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The Reserve Bank of India (RBI) on Saturday said banks had mobilised nearly $41 billion in foreign exchange inflows as of July 31 under its concessional swap window for fresh Foreign Currency Non-Resident (Bank) [FCNR(B)]deposits, Overseas Foreign Currency Borrowings (OFCBs) and External Commercial Borrowings (ECBs). Of the total inflows, $36.7 bn came through FCNR(B)…

Kalshi users as young as 18 are now responsible for billions of dollars worth of trading activity on sports that critics say amounts to a loophole in gambling laws. A recent analysis by CNN showed so far this year users between the ages of 18 and 21 traded an estimated $5.4 billion on Kalshi, the…

Payments have spent years getting faster. Fraud detection has not always kept pace. New August research from PYMNTS Intelligence, in collaboration with Plaid, shows that 47% of firms surveyed can’t detect suspected fraud in real time or within minutes. That is despite widespread use of sophisticated defenses: 90% use rules-based scoring before authorization, 83% use…

Hello again, and welcome back to Fast Company’s Plugged In. At first blush, it sounds like a canonical example of a gizmo the world could live without. The device in question is a truly diminutive e-reader designed to snap magnetically to the back of your phone—you know, the one that can already run a variety…

Key insight: RTP and FedNow are increasing their focus on international payments.  What’s at stake: Most real-time payment networks thus far have focused on domestic transactions over international payments.   Forward look: RTP has loosened rules that allow foreign banks to participate in cross-border payments, a move that could bring more banks into the network.  Since…