Sun.Aug 21, 2016

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The Finanser’s Week: 15th August – 21st August 2016

Chris Skinner

Here are our key posts for the past week … Applying Blockchain to Clearing and Settlement I’ve talked a lot about blockchain, but not much lately about the use cases, of which four stand out in terms of real activity: Clearing and Settlement, Trade Finance, Payments and Digital Identity. I thought I’d do a deeper dive … The post The Finanser’s Week: 15th August – 21st August 2016 appeared first on Chris Skinner's blog.

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The Future of Lock Box and How Banks Can Maximize Value

South State Correspondent

It was in the 1930’s when in an attempt to stimulate lending to help post-depression economic growth, the U.S. government gave certain banks access to U.S. post office boxes so that they could collect their due loan repayments. Banks would enter their local post office after hours with their keys, open their PO box, grab the mail that was set to be delivered the next day, deposit the receipts and deliver the remittance document.

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Did EMV 'Quick Chip' Arrive Too Late for Merchants?

Payments Source

The promise of faster EMV technology is a welcome reprieve for many ISOs who have grown weary of listening to merchants gripe about the snail's pace of chip card transactions. That reprieve, however, may not be so quick in coming.

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ODA is a good thing, and not only for transit operators (are you listening USA?)

Tomorrow's Transactions

Following the success of Transport for London’s (TfL) Contactless Payments program, a project Consult Hyperion have contributed to since 2008, transportation agencies around the world are following TfL’s lead looking to bring the same convenience to their own customers. Operators are migrating from a world where customers have to exchange real money into transit money before they can ride on a bus or a subway, to a world where you simply tap your bank issued contactless credit or debit card on t

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Omnichannel's Payments Revolution Will Sputter Without Tokenization

Payments Source

With all the innovation and momentum around consumer wallets and payments, payment security is a huge concern to banks, merchants, issuers, payment networks and any new wallet provider. Tokenization promises to keep payment data safe in transit and at rest.

More Trending

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When Banks Pay Court Bail

Bankelele

CBA has been in the news as it was reported to have facilitated bail in an ongoing criminal case. It’s not common to see a bank linked to a case. The bank issued a statement to clarify that it was not a party to the case. It only issued a guarantee of Kshs 140 million […]. The post When Banks Pay Court Bail appeared first on Bankelele.

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TSYS, Swisscard extend payments agreement

The Paypers

(The Paypers) US-based TSYS has extended its agreement with Swisscard AECS to continue processing the company’s consumer credit and commercial card portfolios on the TS2 platform.

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7 Things Bankers Must Know About the Digital Generation

The Financial Brand

Digital consumers are unlike other generations and must be understood by the banking industry to avoid defection.

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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

Summer is settling into its declining days, vacations are winding down. In some school districts, kids have even gone back to the school for the year. Labor Day is two weeks from today. However, there’s no shortage of news in our payments and commerce world. How fun for all of us! Last week we saw Uber and Green Dot on a mission to pay drivers faster, Goldman Sachs loving the little guy, and hackers…well, hacking anything that’s not nailed down.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper