COVID-19, Digital Payments and the Future of Cash
Payments Dive
JULY 28, 2020
The COVID-19 pandemic has accelerated the use of digital payments and moved the debate over a cashless society to a near-term consideration
Payments Dive
JULY 28, 2020
The COVID-19 pandemic has accelerated the use of digital payments and moved the debate over a cashless society to a near-term consideration
Perficient
JULY 28, 2020
In our recent blog, Strengthen Your B2B Commerce Experience with CPQ & PIM, we learned how integrating a product information management (PIM) system with a configure price quote (CPQ) system can build efficiency and accuracy throughout the B2B buying process. Next, we’ll explore the benefits and delineation of responsibility between a customer relationship management (CRM) system, an enterprise resource planning (ERP) system, and a CPQ system to create a seamless experience for both your ext
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Chris Skinner
JULY 28, 2020
I’ve grown up in a period of strong political stability. I’ve been lucky. Many other people grew up in a period of strong political instability, with war and famine and economic starvation. I realise I’ve been lucky because I’m now looking at lockdown, China-US trade relations, British-EU trade relations, African … The post The new normal for conferences (#Money2020) appeared first on Chris Skinner's blog.
Perficient
JULY 28, 2020
You know it’s critical to stay connected to your customers. And if you’re in B2B, it’s vital to strengthen relationships with your partners, too. But which tools and technologies are the best fit – and the best investment? Why Channel Software, Why Now. Forrester interviewed Perficient for its recent report The Forrester Tech Tide: Channel Software, Q2 2020.
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.
PYMNTS
JULY 28, 2020
The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions. Kabbage Steps Into Banking.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 28, 2020
“Be careful what you wish for – you just might get it.”. That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. A 10-year PayPal vet, most recently in the role of senior vice president of credit, Esch told PYMNTS CEO Karen Webster that he was once asked years earlier if there was any other job at the company that he’d like to have.
Bobsguide
JULY 28, 2020
2020’s economic downturn has established the importance of planning around cash visibility and liquidity, according to fintech software company Serrala. “While cash is king, information is queen,” Bart Parren, senior vice president for solution transformation at Serrala, said.
PYMNTS
JULY 28, 2020
Millennials and Generation Z consumers get all of the attention when it comes to their changing digital habits amid the pandemic. Google the words “millennials shopping shift,” and page after page of listicles, think pieces and how-to articles appear. But do the same with “baby boomer shopping shift,” and one will find about a half a page of dedicated articles — and a lot of other pieces comparing boomers to millennials or talking about generational shopping shifts more broadly.
Bobsguide
JULY 28, 2020
Combatting financial crime has long been an arduous process. Conducting face to face investigations on the ground far and wide and rifling through masses of paperwork places a huge burden on the time and resources of financial organisations. These traditional forensic techniques may produce.
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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
PYMNTS
JULY 28, 2020
The newly stripped-down eBay held its first earnings call on Tuesday (July 28) since announcing plans to sell its classified-ad business to Adevinta for $9.2 billion. While eBay’s second quarter results were stellar, the event was more notable for the unveiling of new CEO Jamie Iannone ’s vision for the company. By the numbers, the pandemic-driven digital shift has been good for the company, as revenue for the quarter was $2.9 billion, up 18 percent over 2019.
Payments Source
JULY 28, 2020
E-commerce payments provider dLocal has added a merchant dashboard to provide a simpler display of transactional data and multi-currency management for cross-border payments.
PYMNTS
JULY 28, 2020
COVID-19 didn’t create the idea of selling direct to consumer, but the outbreak has massively expanded consumer interest in the idea across virtually all commerce verticals, sticky.io Chief Operating Officer Ro Bhatia told PYMNTS in a recent conversation. He said DTC is looking less and less like a subset of eCommerce and more like something that everyone playing in the digital ecosystem needs to add.
Bobsguide
JULY 28, 2020
Take the survey here. As capital markets continue to deal with the impacts of the pandemic, firms face a crossroads in the development of their core tech infrastructure. Once cautious of the cloud, organisations are now flocking to cloud solutions amidst the promise of heightened security.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
PYMNTS
JULY 28, 2020
The pandemic has changed how consumers purchase goods, with many avoiding brick-and-mortar stores due to the continued threat of catching the virus in public spaces. Shoppers are instead redirecting their purchasing energies toward the digital realm, with recent PYMNTS research finding that 29.2 percent of U.S. consumers did at least some shopping online as of April 11 — a figure that had risen to 35.7 percent by May 23.
ATM Marketplace
JULY 28, 2020
US Bank is deploying natural language processing and AI-based technology to move more of its retail banking business onto the mobile banking app.
PYMNTS
JULY 28, 2020
Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments. Their hesitancy isn’t without reason: CFOs and finance teams can find it a monumental task to overhaul manual systems and processes that have been in place for years — and understanding the first step to B2B payments digitization can be a dizzying task.
Payments Source
JULY 28, 2020
The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
PYMNTS
JULY 28, 2020
Mastercard and Microsoft Corp. have announced a partnership that they said will accelerate innovation across digital commerce and startup ecosystems. The collaboration promises to accelerate Mastercard Labs, the financial services company’s research and development arm that is dedicated to bringing payment solutions to market quicker. The service will be enabled by Microsoft Azure , the cloud computing platform designed to build, test, deploy and manage applications through its data centers.
Bobsguide
JULY 28, 2020
New data from Innovate Finance found that UK fintechs pulled over $1.84bn (£1.4bn) in venture capital investments during the first half of 2020. The findings show that the UK fintech market is still growing despite coronavirus, with investments up 22 percent in the first half of the year.
PYMNTS
JULY 28, 2020
New Yorkers may soon see a lot of smiles on the faces of Uber and Lyft drivers following a judge’s ruling on Tuesday (July 28) that rideshare drivers must receive state unemployment benefits within 45 days, per a report from The New York Times. A group of drivers and an advocacy group called the New York Taxi Workers Alliance sued Gov. Andrew Cuomo in late May, arguing that Uber and Lyft drivers were entitled to benefits and that the state was stalling in paying them.
Payments Source
JULY 28, 2020
Business size and payment volume all play a role in what's needed for compliance, says 2Checkout's Madalin Cojocariu.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
PYMNTS
JULY 28, 2020
Many shoppers who make purchases online rely on eCommerce marketplaces to discover items and connect with trusted sellers. Fifty-eight percent of worldwide eCommerce transactions were made using these platforms in 2018, for example, and consumers have since become even more accustomed to them. Platforms that help shoppers find their desired goods typically claim the greatest shares of online purchasing activity, with a recent report noting that consumers favored marketplaces with “expansive, cur
BankInovation
JULY 28, 2020
As you well know, even before the onset of the recent pandemic, the transition from “brick-and-mortar” to digital banking was well underway. For financial institutions, having effective web and mobile banking platforms were no longer a luxury, but a necessity. With the recent stay-at-home orders, people generally limiting their amount of public exposure, and heightened […].
PYMNTS
JULY 28, 2020
Facebook CEO Mark Zuckerberg’s speech for the antitrust hearing before Congress on Wednesday (July 29) touts his company’s mission as one of connectivity, boosted by selling ads and debuting new services to connect to users, according to a transcript from Politico. Zuckerberg is one of four Big Tech CEOs expected to appear before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law Wednesday.
Payments Source
JULY 28, 2020
Realize that everyone is your customer; your members, employees, partners, vendors and the general population, says OBI Creative's Mary Ann O'Brien.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
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