PYMNTS
OCTOBER 14, 2018
Venmo , the digital payment unit of PayPal , has raised the fee for instant transfers when moving money from their account to a traditional bank account, according to reports. Reports citing an email Venmo sent to users late last week said the fee is going up to one percent of the transferred amount, with the payment company taking a $0.25 fee at the minimum.
Payments Source
OCTOBER 14, 2018
Banks are still in their experimental phase of using virtual and augmented reality to interact with customers, and the key to their success will be embracing the technology's social nature. And sometimes that means making an app designed for non-customers.
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PYMNTS
OCTOBER 14, 2018
U.S. Senators John Cornyn and Mark Warner, co-chairs of the Senate India caucus, sent a letter to India’s Prime Minister Narendra Modi urging him to soften his stance on rules that require customer data to be stored locally. Reuters , citing the letter, reported the Senators urged Modi to have a lighter touch in the customer data storage regulatory framework so that data can flow freely across borders.
Payments Source
OCTOBER 14, 2018
Financial crisis-era rebel Simple is turning to payments innovation — along with its traditional combativeness on fees and rates — to stay relevant against the many fintechs lurking at the edges of the banking world.
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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
OCTOBER 14, 2018
European Union lawmakers have proposed new regulations aimed at stopping an online marketplace such as Amazon from using data from merchants’ product sales to boost sales of their own branded products. Reuters reported that in April the EU laid out draft rules to stop what they said was an unfair marketplace where online merchants had access to the merchant data from products that sold on their platform, putting them at an advantage when they are hawking their own branded products.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 14, 2018
Bitcoin was hit with an $18 billion market loss in just three days. CNBC reported that the digital currency stock price fell below $6,200 for the first time in a month, ending the week about 5 percent lower. Other cryptocurrencies had an even worse week: Ether, the second-largest cryptocurrency by market capitalization, dropped 12 percent, while the third largest, XRP, is down 18 percent in seven days.
The Financial Brand
OCTOBER 14, 2018
Banks and credit unions must go beyond ease and simplicity in the delivery of digital banking services, humanizing the engagement process. The post Financial Institutions Fail To Humanize The Digital Banking Experience appeared first on The Financial Brand.
PYMNTS
OCTOBER 14, 2018
Amazon.com said over the weekend that its festive season sale being held in India was off to a better start than a year ago, with three times the people signing up in the first two days as compared to the Indian holidays a year ago. According to a report in Reuters , Amazon and Flipkart , which is now owned by Walmart, both launched promotional holiday shopping events last week, aiming to lure shoppers their way during the festive season between October and December in India.
The Financial Brand
OCTOBER 14, 2018
Banks and credit unions must go beyond ease and simplicity in the delivery of digital banking services, humanizing the engagement process. The post Financial Institutions Fail To Humanize The Digital Banking Experience appeared first on The Financial Brand.
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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
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