Tue.Sep 20, 2016

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Is there an ideal time for airlines to launch mobile payments?

Payments Dive

Kristian Gjerding, CEO of CellPoint Mobile, writes in his latest Mobile Payments Today blog post about what airlines need to consider when it comes to incorporating mobile payments into their apps.

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Are you a bitcoin denialist?

Chris Skinner

Many of the people I meet believe that bitcoin is bad and will fail. It’s rare to meet anyone who says that it could change the world and will succeed. But I’ve found one and he happens to have written a very good blog about it: Akin Fernandez, Entrepreneur Developer of Azteco. It’s a long read, … The post Are you a bitcoin denialist?

Bitcoin 302
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Synechron Launches 6 New Accelerators For All Your Blockchain Needs

Bank Innovation

Some people seem to think blockchain is the best technological advancement humanity has come up with since the wheel. Certainly, one can’t deny that blockchain or distributed ledger technology has an intriguing amount of potential. On the other hand, making that potential actionable takes a house of engineers, resources, and Read More.

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Things worth reading: 21st September 2016

Chris Skinner

Things we’re reading today include … Almost 5,500 finance firms use passports to access single market Elizabeth Warren mauls ‘gutless’ Wells Fargo boss Get ready for the mother of all stock market corrections once central banks cease their money printing Financial scam committed ‘every 15 seconds’ Santander walks away from talks with RBS over Williams … The post Things worth reading: 21st September 2016 appeared first on Chris Skinner's blog.

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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

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Circle, Square, and Venmo Tie Into Siri & iMessage

Bank Innovation

With the launch of iOS 10 on Sept. 13, new payment functionality was enabled for Siri, iOS’s voice-activated virtual assistant, and iMessage, Apple’s text-based messaging platform. The first wave of payments apps on Apple’s newly platformized apps are: Venmo, the P2P payments platform from PayPal; Square Cash, from mobile payments service Read More.

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Top 5 Fintech Raises: Point, Promoboxx, DueCourse

Bank Innovation

Even though we’re not seeing quite as many raises as in previous years, fintech funding doesn’t seem to be in any danger of disappearing. This last week, investors went for platforms in mobile development, cloud-based Big Data, cloud-based invoicing, home equity funding, and marketing. This brings us to our top Read More.

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The IoT finding its role in boosting customer experience

Payments Dive

Defining Internet of Things as intelligent interaction between humans and things to exchange information is easy enough, but assessing how and where IoT is playing, or should play, within the retail customer experience is a bit more difficult.

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Wells Fargo Scandal and the Creative Destruction 7 Act Play

Bank Innovation

Image source My eyes usually glaze over at headlines about Banks getting fined for yet another scandal. Yawn, just a cost of doing business, too much regulation, a few rogue traders, move on, nothing new to see here. But there was something different about the Wells Fargo story. This was Read More.

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Things worth reading: 20th September 2016

Chris Skinner

Things we’re reading today include … Banks can cope with loss of EU passports after Brexit, says Moody’s Wells Fargo CEO to take ‘full responsibility’ in Senate hearing: NY Times Bitcoin is money, U.S. judge says in case tied to JPMorgan hack Investing in $1bn tech firms – US vs UK Payday firm CFO Lending … The post Things worth reading: 20th September 2016 appeared first on Chris Skinner's blog.

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The State of Automation in Financial Services 2024 Report

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

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Standing Up to a Reckless Regulator

Finer Points

Every now and then we have the chance to stand up for what’s right against powerful forces. As the legacy of a group of colonists who stared down and defeated the world’s greatest empire, it’s virtually our birthright as Americans. So in some ways ICBA’s federal lawsuit against the National Credit Union Administration for its […].

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Meet HeroPay, The Startup That Wants To Be Small Business’ Payments Hero

PYMNTS

The payments industry is a fairly large pie, but the way things are currently set up is skewed to favor larger vendors and businesses — a $4 trillion industry in the U.S. alone. Of that $4 trillion pie, the U.S.’s 7.2 million small businesses make up about 26 percent of the overall payments industry but are responsible for 79 percent of its total fees.

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A GonzoBanker Guide to Finovate Fall 2016

Gonzobanker

If you’ve ever attended a Finovate conference (now in its 10 th year of existence), you know that it’s truly a firehose of information, an assault on one’s ability to comprehend and process anything, as 70 companies present their spiels in seven-minute spots. Then there are the nearly 1,500 attendees walking around, making it nearly impossible to get close to the coffee.

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Chatbot Tracker: Pizza, Fashion & Cloud Computing

PYMNTS

Dare you. Nay, double dare you to find an industry without a bot. It’s true: bots have squeezed their way in and they’re changing the way companies interact with consumers online. . Recently, PYMNTS’ Karen Webster discussed if it’s time to jump on the “ Bot Bandwagon ” this week , and perhaps it is. Over the past week, bots are joining the fashion industry at runway events, delivering pizza without hopping off Facebook and peeking through in cloud technology.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Reconciliation Utilities: A Taste Of The Future, or an Aftertaste from the Past

Bobsguide

When I think about the concept of a reconciliation utility, my mind turns to pouring Guinness. Not just because, like reconciliations, it’s much harder to do properly than most people think, but also because trying to provide a large quantity of pints to a broad number of eager recipients, in.

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Bitcoin Is Money — For The Purposes Of Facing Criminal Charges

PYMNTS

While various criminals have tried it, the “bitcoin isn’t money, therefore I can not be guilty of a financial crime” defense never really works out. While the federal government has declared that bitcoin is not legal tender or currency in the same sense that the dollar is currency (the IRS treats bitcoin more like a taxable asset), judges have no problem dinging defendants who use it in a manner consistent with money laundering.

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Blockchain and the Next Generation of Real-Time Settlement Solutions

Let's Talk Payments

Despite a range of successful trials and projects aimed to test blockchain-powered solutions, we are still a step or two away from the industry-wide implementation of distributed ledger technology in.

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Embracing The D-Word In The Omni Era

PYMNTS

With big-box retailer Walmart planning to spend more than $1 billion on eCommerce in 2017, large retailers have shown they aren’t shying away from bolstering their omnichannel strategies. Before retailers make significant investments, however, they typically rely on analytics to help shape sound omnicommerce campaigns. That’s why interpreting data the right way can make all the difference between success and failure in today’s competitive retail marketplace.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Is the Middle East Ready to Bank on FinTech?

Let's Talk Payments

Being one of the least explored by FinTech startups and investors market, Middle East holds a great promise for companies looking to expand operational boundaries. Some estimates suggest that less.

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Domino’s Pizza Customers Can Now Order Via Facebook Messenger

PYMNTS

There’s a reason millennials like Domino’s : It makes it really easy to order pizza on the go or on social media. And that ease of use just got even easier with the addition of placing orders via Facebook. According to the company, U.S.-based customers can order pizza through Facebook Messenger without having to talk to a human being. Those with an existing Pizza Profile can reorder their most recent pizza order or they can place an Easy Order, which enables them to manually configure thei

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Gas Stations Face More Pressure — and Options — to Switch to EMV

Payments Source

Replacing gas pump hardware is a big, disruptive move for any fuel seller, but with the sector's EMV liability shift only a year away, more companies are facing the inevitable.

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Why Retailers Are Watching Gmail’s Latest Updates Closely

PYMNTS

In a world where apps and chatbots are fighting for user dominance, there can be something almost quaint-seeming about email commerce. Who cares about email marketing, after all? It’s so 10 years ago. But Google — with its dominantly powerful Gmail services — cares very much about email and its potential for marketers, hence its announcement of responsive design for email earlier this week.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Same-Day ACH Puts a Nail in 'Manual' Fraud Prevention

Payments Source

The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.

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DueCourse Raises $8M For Invoice Financing Solution

PYMNTS

Startup DueCourse announced an $8.14 million seed funding round in support of its cloud-based invoice financing solution for SMEs, reports said on Monday (Sept. 19). Rocket Internet venture unit GFC, Zoopla Founder and CEO Alex Chesterman and Lovefilm Cofounder Simon Franks provided the funding, which is made up of a combination of both equity and debt, reports said.

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The new fiver – securing cash for the future

NCR

From Tuesday September 13th, consumers in England have been able to get their hands on the country’s first polymer banknote. The new £5 note initially began rolling out to ATMs in major cities including London, Manchester and Birmingham, with most bank branches expected to have the note around a week later. On the surface, the new fiver is the most advanced note ever produced in the UK.

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Boomers Vs. Millennials: Holiday Shopping … In September?

PYMNTS

Don’t wake up Santa or Hanukkah Harry just yet. It’s still technically summer for a few more days, but we already know how shoppers — Baby Boomers and millennials — are going to shop this holiday season. Making a list, checking it twice…. Holiday shopping may see an uptick this year, but Mintel, the global marketing intelligence agency, said it’ll be somewhat somber.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.