Payments Dive
JUNE 7, 2019
The U.S. trade dispute with China is beginning to impact luxury retail due to a slowdown in spending from Chinese tourists. The trend could impact mobile transactions, as Chinese travelers have a huge preferences for using mobile platforms for shopping and payments.
Bank Innovation
JUNE 7, 2019
Taking a page from Amazon Pay, Mastercard is working with tech company EMVCo to create a one-click checkout experience for e-commerce customers. The payments giant said the new secure remote commerce specification will replace key-entry guest checkouts with a more secure, password-free option for Mastercard’s U.S. cardholders, regardless of which device or card they use. […].
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PYMNTS
JUNE 7, 2019
MoneyGram and Canada Post have teamed up for a digital money transfer service that allows users to complete transactions at select Canada Post locations all over the country, according to a release. “To initiate a transaction, consumers simply visit moneygram.ca, create a profile, start a transaction and choose the ‘Cash at a Location’ option,” the release said.
Bank Innovation
JUNE 7, 2019
As fintech moves beyond digitizing legacy systems to a focus on intuitive, customer-driven experiences, the field of startups competing for market share is getting crowded. According to CB Insights, venture-backed fintech companies raised $6.3 billion across 445 deals globally in the first three months of this year. NYCA Partners, based in New York and San […].
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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
Payments Dive
JUNE 7, 2019
Engaging customers over digital channels has become table stakes in financial services, A leading bank in India has deployed Mobile Pay, our Digital Banking Solution, to build an expansive partner ecosystem to engage customers and achieve services differentiation.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 7, 2019
As consumers grow accustomed to digital shopping and mobile ordering, slow transactions can make or break the customer experience. That’s why real-time payments and fund disbursements have become so important across industries. The global value of real-time compensation is projected to reach $34.3 billion over the next five years, according to the latest Disbursements Tracker.
Abrigo
JUNE 7, 2019
This morning, the Bureau of Labor Statistics released its national employment situation report for May. The report was underwhelming, with just 75,000 jobs created last month – well below the 180,000 jobs expected. Revisions to the prior two months decreased their strong performance by 75,000, leaving us with an average of 151,000 jobs per month over the last three months – an OK, but not great, pace.
PYMNTS
JUNE 7, 2019
Yes, the weekend has arrived! We don’t know about you, but it was a busy week for PYMNTS, given all the news coming from the worlds of payments and commerce. Review our coverage, including stories about Stripe’s chargeback protection plan, the latest on open banking progress, a big investigation into crypto and the latest on the emerging ecosystem of predictive retail.
Banking Exchange
JUNE 7, 2019
Advances in digital identity authentication are providing a better customer experience while shrinking the window for losses Technology Retail Banking Tech Management Mobile Online Cards Security Checks/Remote Deposit Capture Core Systems Cyberfraud/ID Theft Risk Management Customers Financial Research Feature Financial Trends Feature3.
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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
JUNE 7, 2019
The best way to lose money is to make it difficult for people to give you their money. Yes, that’s painfully obvious, but it’s a lesson reinforced every day in commerce — a lesson that holds true as more shopping goes online and becomes ever more mobile. A new payment tool promises to ease a good deal of that friction. On Friday (June 7), EMVCo released its long anticipated EMV Secure Remote Commerce (SRC) Specification version 1.0.
Let's Talk Payments
JUNE 7, 2019
A growing number of new players in any industry is a sign of an expanding market and opportunities for innovators. FinTech is not an exception here. Increasing access to capital, consumer awareness, and acceptance to new ways of managing finances and other ecosystem drivers have been attractive for entrepreneurs in 2018 as well. We were looking at MEDICI startup database stats of new FinTech startups & their growth stories and came across many interesting cases of new players that secure
PYMNTS
JUNE 7, 2019
This week’s B2B Venture Capital roundup is all about data. With a total of $388 million raised this week, newly funded startups are deploying an array of data analytics technologies to address B2B finance friction. That includes application program interface (API) technologies to connect third parties to banks, artificial intelligence (AI) to enable companies to recruit talent and data warehousing to boost business intelligence capabilities for large enterprise.
Payments Source
JUNE 7, 2019
Developers of new payment methods often court big retailers to show off their brand, but the card networks' universal buy button is launching with security features designed for smaller shops.
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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
JUNE 7, 2019
The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. 19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday) rule, according to various reports. Compliance is being delayed 15 months, to Nov. 19, 2020. The CFPB is also correcting several errors in the rule. The Consumer Bankers Association (CBA) commended the delay.
Payments Source
JUNE 7, 2019
Women in the workplace exeprience not only sexual harassment but micro-aggressions that could lead them to miss a promotion, a raise or a high-profile assignment, according to Wells Fargo's Karen Elinski.
PYMNTS
JUNE 7, 2019
U.K. FinTech Amaiz is rolling out a mobile business banking app for entrepreneurs, announced in a blog post this week. The solution is available 24/7, and offers invoice generation and submission, expense recording and management, and other accounting tools. According to Amaiz, the mobile app means “you may be able to dispense with the services of a separate accountant altogether — if you have a question, our accounting experts can pick it up in the app and send you a personal response.
Payments Source
JUNE 7, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: The EMVCo buy button gets more details; Stripe invests in youth financial services startup; Contactless soars in the U.K.; Facebook's cryptocoin gets closer; SEC makes a legal move on ICOs.
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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.
PYMNTS
JUNE 7, 2019
New York City Comptroller Scott Stringer is scrutinizing the city’s $47 million contract with Ivalua to develop an eProcurement system after a previous report uncovered surging costs and delays in the initiative. Reports in the New York Daily News on Thursday (June 6) said Stringer issued a statement about the overcharges. “This raises red flags,” he said. “Private companies cannot be allowed to overcharge taxpayers and under-deliver services.” The comptroller̵
ATM Marketplace
JUNE 7, 2019
Integrating complex payment technology that requires an overhaul of existing hardware and software can challenge a business owner's ability to keep their business viable.
PYMNTS
JUNE 7, 2019
Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. Single consumers are a force of nature as well when it comes to retail. At least that’s the case when talking about toilet paper – specifically, the Charmin Forever Roll. Described by one recent report as “a giant roll of toilet paper that purports to last up to one month,” the product supposedly is designed to appeal to consumers who live by themse
Payments Source
JUNE 7, 2019
While there’s been dramatic innovation in the banking sector in recent years, regulators and startups can better collaborate around these developments.
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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.
PYMNTS
JUNE 7, 2019
Post-financial crisis, FinTech shed light on the plight of small and medium-sized businesses (SMBs) seeking capital, often shunned by banks — thanks to a lower risk appetite and more stringent regulations. However, if SMBs’ access to capital is small, startups’ struggle to gain financing is even narrower if an entrepreneur decides to not sell a portion of the company in return for venture capital.
Banking Exchange
JUNE 7, 2019
Every year, it is estimated elder adults are exploited for up to $36 billion Compliance Risk Management Duties Management Feature Feature3 Customers Compliance/Regulatory Cyberfraud/ID Theft Consumer Compliance Community Banking Security.
PYMNTS
JUNE 7, 2019
A ban on purchasing telecom equipment from Chinese companies including Huawei would add $62 billion to the expenses associated with Europe’s rollout of 5G networks. Reuters , citing an industry analysis by GSMA, a lobbying group for the telecom industry, reported the group said the ban would delay the rollout by roughly a year and a half. The increased costs assume a complete ban on purchasing equipment from Huawei and ZTE, the Chinese rival for 5G network rollouts in Europe.
SWBC's LenderHub
JUNE 7, 2019
Companies in every industry have had to adapt to growing consumer expectations for financial interactions that are fast, easy, and secure. Experiences with online retail firms like Amazon have conditioned consumers to expect a seamless payment process where debit or credit cards can be used with the click of a button from any device—or even activated through voice commands.
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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.
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