September, 2020

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What's on the horizon for B2B payments?

Payments Dive

B2B payments have gone through major changes in the past couple of years, and COVID-19 has only sped up that process. In light of this, Mobile Payments Today spoke with Josh Cyphers, CEO of payment invoice technology company Nvoicepay, to get his take on what the current trends are for B2B payments and what's on the horizon.

Payments 476
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Got A Credit Card In Your Purse? Thank Ruth Bader Ginsburg

PYMNTS

The nation mourns this week as Supreme Court Justice Ruth Bader Ginsburg will lie in state in Washington, DC starting Wednesday (Sept. 23) in the Supreme Court and ending the week on Friday (Sept. 25) in the Capitol Building. Ginsburg died on Sept. 18 after serving on the United States Supreme Court for 27 years. Ginsburg, no matter what one’s political leanings, was considered nearly universally as a titan among jurists and an inspiration to lawyers everywhere, and her loss will be keenly felt.

Cards 350
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Top 10 Announcements from Microsoft Ignite Day 1 #MSignite

Perficient

While Microsoft had some out of this world updates including the Underwater Datacenter project data released. The project was a success with only 1/8 th the issues of the equivalent land based datacenter. Many reasons why this project will continue from a sustainability and reliability perspective. The outerspace update took the events to even further heights.

Analytics 593
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Biometric payment cards enter the spotlight as European spending habits shift

Payments Source

Biometric cards have garnered more attention in recent times through various trials, but the coronavirus pandemic looks set to accelerate their adoption with a series of major card issuers beginning to roll out the technology.

Cards 217
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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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Accessibility emerges as a commercial differentiator

Bobsguide

The global pandemic and lockdowns have compounded awareness of how technology enables consumers to stay connected to goods and services in a digital age. And companies are responding – according to a June study by IFS, 70 percent of firms globally are increasing or at least maintaining their.

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Getting in contact with contact-less cards

Payments Dive

The world of payments is changing and what was once a preferred way to pay, with a debit or credit card, is being overtaken by the contactless and card-not-present methods. Was the pandemic to blame or is something more?

Cards 493
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PayPal, Mastercard Add 5 EU Countries To Debit Card Offering

PYMNTS

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to more businesses in Europe. The companies said in a Wednesday (Sept. 23) announcement that the card is now available in France, Austria, Italy, Ireland and Spain beyond its current availability in the United Kingdom, Germany and the United States. Small businesses can have immediate access to their PayPal funds and unlimited 0.5 percent cash back on all of their eligible spending with the debit card.

Cards 363
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The “Ultimutt” Showdown to Celebrate International Dog Day

Perficient

The move to remote work during the COVID-19 pandemic has altered many aspects of our Perficient colleagues’ daily lives. Some of these changes have been hard to adjust to, while others have been a positive change. One of the best changes is the extra time we get to spend with our favorite furry friends! A few weeks ago we highlighted the coolest cats in the Perficient family.

St. Louis 538
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5 ways COVID-19 changed the nature of payments fraud

Payments Source

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime.

Fraud 205
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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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Fintechs resilient in face of pandemic

Bobsguide

Fintechs are optimistic of their future prospects as the consequences of the pandemic provides favourable tailwinds. “[The sector] seems to be buoyant, there is no absence of continued investment and organisations are continuing to try to bring something new to the market,” says Ian.

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Thousands of Britons living in EU told their UK bank accounts will be closed

TheGuardian

Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal Thousands of Britons living in the EU will have their UK bank accounts closed by the end of the year because of the UK’s failure to agree a post-Brexit trade deal. Lloyds, Barclays and Coutts have informed retail and business customers that they will lose their accounts before or when the Brexit transition period ends on 31 December and more banks are expected to follow suit.

Retail 128
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Contactless cards tap into the new normal of physical distancing

Payments Dive

Contactless payments offer the same strong security as EMV cards but how do they stack up against the needs of consumers who are now dealing with the aftermath of COVID-19? Jaime Topolski, the director of payment card products at Fiserv gives his insight on contactless cards.

Cards 464
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European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept. 11), the finance ministers of Germany, France, Italy, Spain and the Netherlands said they asked the executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the EU’s 27 nations, to

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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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7 Steps: Do it! Get Ready for Microsoft Ignite #MSIgnite

Perficient

Next week is Microsoft Ignite. If you don’t plan for Ignite you’ll be tempted to work through it and say you’ll catch up on videos later… not the best idea. This is going to be different from previous years. In a lot of ways Microsoft is designing it such that it is focused on the most meaningful content in smaller chunks.

eBook 535
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Digital, blockchain payments can fill gaps in financial services—but are no replacement

Payments Source

The conversation around advancing the distribution and use of digital currency gets a boost every time the banking system stubs its toe. And there have been many recent examples of financial system problems to point to.

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Banks to move from digital to invisible services

Bobsguide

As the new generation of customers increasingly relies on tech, expectations from the services that banks offer are also expected to change – particularly as Gen-Z and millennials focus in on financial wellbeing. “Gen Z and new consumers in the marketplace want to put so much trust.

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Jump-starting an international currency

BankUnderground

Saleem Bahaj and Ricardo Reis Only a handful of currencies are regularly used for cross-border payments: the euro, the yen, the pound, the yuan and, of course, the US dollar, which dominates almost any measure of international use. But how does a currency achieve an international status in the first place?

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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.

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Can self-service technology securely reduce COVID-19 risk?

Payments Dive

Can people be sure that self-service devices are being properly maintained to reduce the risk of spread of coronavirus? Technology that allows consumers to control kiosks remotely holds an important clue.

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Deloitte Becomes First Of Big Four To Break Up Business

PYMNTS

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. The company, along with fellow Big Four members EY , KPMG and PwC , had been warned by watchdogs that their businesses needed to break off their profitable consultancy arms from audit divisions.

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Increasing Diversity in the Refining and Petrochemical Industries

Perficient

At Perficient our colleagues not only get involved within our company, but within the industries they serve. A veteran of the oil and gas industry, Cheryl Scott is no different. Over the course of her career, Cheryl maintained a strong association with the American Fuel & Petrochemical Manufacturers (AFPM). AFPM was formed over 120 years ago to represent the U.S. refining and petrochemical industries.

Industry 520
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How platform development determines real-time payment success

Payments Source

Speed stands at the forefront of any real-time payments deployment, but the real staying power in new payments innovation rides on the development philosophy of the platform itself.

Payments 177
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Current members can now deposit cash at over 60,000 stores

Current

We're happy to announce that Current's over 1 million members now have the ability to deposit cash instantly to their accounts at over 60,000 stores nationwide, including CVS Pharmacy, 7-Eleven, Dollar General and Family Dollar. Paid in cash? No need to even visit an ATM to deposit your money. You can now do it right from a neighborhood store and with your Current app!

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Market fragility in the pandemic era

BankUnderground

Gerardo Ferrara, Roberto Reno and Maria Flora Financial markets process orders faster now than ever before. However, they remain prone to occasional dysfunction where prices move away from fundamentals. One important type of market fragility is flash events. Identifying such events is crucial to understanding them and their effects.

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3 keys to understanding blockchain

Payments Dive

Blockchain technology can be very difficult to understand, but it doesn't have to be. You just have to grasp three basic key facts.

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Visa: Real-Time Settlement, Online Marketplaces Help Put SMBs Back On The Road To Recovery

PYMNTS

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. To that end, joint research between PYMNTS and Visa , in a study titled Marketplaces as Retail’s New Front Door , found that 60 percent of surveyed businesses that are not currently using online marketplaces would like to do so.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.