Trending Articles

Digital Gifts In A Digital Envelope: More Than Just A Money Move

PYMNTS

People love to give the gift of cash , and their friends and family typically love to receive it: Cash guarantees that the recipient gets a gift that he or she truly wants (and it’s never the wrong size or color!), which is a win for both parties. However, cash doesn’t have much flair. Fifty dollars, a paper check or a gift card stuffed into a greeting card feels very impersonal, and is largely saved by the fact that it can be delivered in person.

Payments chatter invades CES

Mobile Payments Today

A CES panel explored the challenges of payments technology, including the difficulty with online payments, glitches in online payment systems, the lack of retail locations that accept mobile payments and problems specific to cross-border payments

Trending Sources

What you Should Know about Europe’s Big Payments Regulation PSD2

Bank Innovation

EXCLUSIVE – After more than two years of planning, Payments Services Directive II or PSD2 finally arrived in Europe on Saturday. The regulation has been dubbed as one of the more substantial regulatory changes of its kind in Europe.

11 decisions that made a challenger the best bank on the planet

Chris Skinner

I’ve been in touch with Colin Iles in South Africa for a while now. Formerly the head of client strategy at Barclays Africa (ABSA), he’s now been working on a new bank called Capitec. I say new, it’s actually been around for 17 years, but it is interesting that for … The post 11 decisions that made a challenger the best bank on the planet appeared first on Chris Skinner's blog. Case Studies Grid Innovation Numbers

Why Germany maintains its passion for cash

Banking

Even though cash is now just one of a number of options consumers have for making payments in-store, it still remains the first choice for many people – and this is especially true in certain countries.

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Bitcoin: More electricity consumption than the entire planet?

Chris Skinner

I am tempted to predict the price of bitcoin for the end of 2018 but know I’d be wrong, so I’m not. It could be $1 or $1 million. I’m not going to forecast it, as there are over 1,000 digital currencies out there and who knows which will be … The post Bitcoin: More electricity consumption than the entire planet? appeared first on Chris Skinner's blog. Blockchain Future Grid Innovation Opinion

SafeCharge granted Payment Institution License by the FCA

The Paypers

(The Paypers) SafeCharge , a payments service provider, has been authorised by the Financial Conduct Authority (the "FCA") as a Payment Institution

In B2B Invoicing, Late Payments Vanquished Through Machine Learning

PYMNTS

Imagine walking into Starbucks, getting the coffee, and telling the barista, “Thanks for the coffee … send me an invoice, and I’ll pay you in three months.”. So offered Paul Christensen, CEO of Previse, in an interview with PYMNTS, as an illustration of the traditional ways in which bills get paid. But late payments can have dire consequences up and down the buyer/supplier relationship, especially the one between large enterprises and a plethora of small suppliers.

How the future of cash and digital payments is playing out in Europe

Mobile Payments Today

This ease of contactless payments has spurred a cultural shift, embraced by the younger and more tech-savvy generations, who are happy to go for days without carrying physical cash and instead opt for their phones — even over cards. Older generations, meanwhile, typically prefer to have the option of the security of traditional physical cash

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What Banks Are the Biggest Fintech Investors?

Bank Innovation

Big banks say they want to invest in fintech. But which are the ones actually putting their money on it? Well according to a report by CB Insights, of the ten bulge bracket banks, that would be Goldman Sachs.

e-Estonia, a country full of e-Everything

Chris Skinner

I visited Tallinn towards the end of last year. If you’re not familiar it’s the capital of Estonia, a country that is the most advanced digital economy in Europe. This all began due to a hack ten years ago, when intrepid Russians were commissioned to destabilise the country’s economy. This … The post e-Estonia, a country full of e-Everything appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Innovation

10 Banking Channel Metrics That Have Dramatically Changed in 10 Years

Gonzobanker

It shouldn’t be hard to convince you that the banking industry has changed dramatically over the past 10 years.

Treasury Eyes Cryptocurrencies For Money Laundering

PYMNTS

The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. Sigal Mandelker, the U.S. Treasury Department’s undersecretary for terrorism and financial intelligence, told the Senate Banking Committee that the unit will go after virtual currency platforms – even those located outside of the U.S. – if they don’t have the proper safeguards in place.

Adam Dodds of Freetrade on the future of share trading

BankNXT

Shaun Weston interviews Adam Dodds of Freetrade about simplifying the stock broker by making full use of smartphone technology. Adam Dodds of Freetrade on the future of share trading on BankNXT.

Bank of America Has More Blockchain Patents than IBM

Bank Innovation

Bank of America has more blockchain-related patents than any other firm in the U.S., according to a new report by New York-based law firm EnvisionIP. According to the report, Bank of America has 43 patents while Mastercard and IBM have 27 each, followed by 14 from Fidelity.

Innovation with compliance is difficult

Chris Skinner

I’ve been at a few conferences this week, and was amused by an audience poll at one event. The moderator first of all asked: Do you believe that the regulators are in the incumbent’s pockets and protect the industry from new competition? You may find it gratifying that most of … The post Innovation with compliance is difficult appeared first on Chris Skinner's blog. Grid Innovation Regulation Uncategorized

Tipalti launches payables automation Partner Program

The Paypers

(The Paypers) Tipalti , the global payables automation platform, has announced the launch of its Partner Program

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Tipalti Tames The Monster Ecosystem Of X-Border, AP Automation

PYMNTS

Over the past few years, demand has increased for system integrators, ERP (enterprise resource planning) resellers, procure-to-pay implementers, business process outsourcing companies and banks to work together as their clients strive to enable complex capabilities like cross-border payments and invoice automation.

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The United States Of Startups: The Most Well-Funded Tech Startup In Every US State

CB Insights

The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, across the entire United States. In our latest map of the most well-funded American tech startup in each state, some companies with the deepest pockets were found in Florida ( Magic Leap , $1.89B), Virginia ( OneWeb , $2.2B), Utah ( Domo , $698M), and Illinois ( Avant , $655M). LIVE BRIEFING: 15 trends shaping tech in 2018.

Citi Ventures on the Lookout for Machine Learning Startups in 2018

Bank Innovation

EXCLUSIVE – Since its launch in 2010, Citi Ventures has focused on investments that are strategic to its parent, the global financial services provider Citigroup. But when your parent company is a bank that spans the world, you can get involved with a lot of things.

Silicon Valley gets Amazoned in Insurtech

Daily Fintech

Occasionally the PR veil gets pulled back and the polite bland statements are replaced with sharp words that reveal the rough competitive game of business. What normally gets said in private leaks out into the media. For example last week this headline declared: Amazon’s aggressive poaching tactics in Israel have start-ups threatening to abandon AWS.

Taking banking real-time – what does it mean for customer experience?

Banking

Real-time has been a major buzzword in the tech world for a while now, a natural consequence of an age where we have more information available than ever before and devices like smartphones mean 24/7 connectivity with friends, family and companies is often taken for granted. The result of this is consumers now have very little tolerance for delays when they’re interacting with a business.

“AML Solutions Are Still Stuck In The Middle Ages”

PYMNTS

[link]. Switch the acronym a bit. Let’s try “LMA”: Here we could say it stands for “Laggard from the Middle Ages.”. The first acronym, AML, stands for “anti-money laundering,” and it’s everywhere — the laundering part, that is. The “anti” part is what needs to get up to speed, catching up to the bad actors as they act, and before they act. After all, crime is committed not just with guns, but also with currency, with funding from far-flung sources.

How Santander will use Ripple to execute cross-border payments | Analysis of the deal

Bobs Guide

Ripple has caused quite a stir (we resisted the pun) in the cryptocurrency market. Recent dips and spikes of XRP, Ripple’s cryptocurrency, have caused many commentators to question the long-term durability of the currency. However, few can deny that Ripple is being closely watched by the

Fintech Innovation is Top Concern for Banks, EY Says in Banking Outlook Report

Bank Innovation

While regulations continue to be top of mind for financial institutions, banks have another main concern: the innovations and progress being made by fintechs, according to a survey released by EY.

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Visa starts pilots of EMV biometric payment card

The Paypers

(The Paypers) Visa has started pilots with Mountain America Credit Union and Bank of Cyprus of a new EMV dual-interface (chip- and contactless-enabled) payment card

Australia’s Change Financial backing Ripple competitor ivyKoin

Daily Fintech

ASX listed fintech Change Financial (ASX:CCA) is getting behind a new cryptocurrency called ivyKoin TM , which hopes to rival Ripple in the interbank payments space. ivyKoin TM will look to develop a blockchain based-cryptocurrency that will allow senders to voluntarily de-anonymise transactions.

Facebook Finally Lands AmEx’s Chenault For Its Board

PYMNTS

Facebook has appointed Kenneth Chenault, exiting American Express chief executive officer, to its board of directors. In a Facebook post , Mark Zuckerberg, CEO of the world’s biggest social media network, said he had been trying to recruit Chenault for years given his “unique expertise” in areas in which Facebook needs to improve and learn more.

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The future of cash and digital payments

ATM Marketplace

It is undeniable that the payment landscape is changing, and that electronic money is a key part of this. However, technological advancements are also being rolled out across ATM networks, demonstrating the continued demand among consumers for physical bank notes

ATM 16

Battle of P2P Services: Venmo or Zelle

Bank Innovation

EXCLUSIVE – Owe someone money, rent to pay, bills to split? What is the favored P2P method – the bank-backed Zelle app? Or social platform p2p service, Venmo? In a poll conducted by Bank Innovation via Twitter, respondents said they preferred Venmo.

Worldline and iSignthis launch Paydentity Services across Europe

The Paypers

(The Paypers) ISXPay combines the RegTech capabilities of iSignthis with the acquiring capabilities of Worldline to offer merchants and fintechs AML compliance services

Traditional Manufacturers Including GE And Siemens Gobble Up 3D Printing Startups

CB Insights

Mature industrial companies are dominating M&A in the industrial 3D printing space. 3D printing has the potential to drastically reduce material costs, shrink supply chains, improve product performance, and increase design freedom in multiple industries.

Visa Taps PayMate To Enhance B2B Payments In India

PYMNTS

Visa is working with India B2B payments company PayMate to enhance its payment services for corporate customers, reports said Thursday (Jan. Reports in Money Guru India said Visa has chosen PayMate to provide a B2B payment platform for joint customers, including small- and medium-sized businesses (SMBs) struggling with managing manual payment methods like checks and cash.

The Open Banking Story – MEDICI Roundtable Discussion

Let's Talk Payments

MEDICI has been at the center of several discussions on FinTech trends and developments around the globe. While there are a lot of events, conferences and talks happening around the. Banking Insights Amazon Ant Financial Apple Asia Bud Europe Google HSBC ICICI insights MEDICI Moneybox Open Banking Paytm SBI TransferWise US