PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks. This might disrupt transaction banking and financial market intermediation.”.

cryptocurrency 149

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PYMNTS

JUNE 20, 2019

The business model of offering the digital wallet Calibra to back Libra, and tie it all to real assets (along with the Libra Association), shone the spotlight on crypto’s role in eCommerce. However, beyond that deluge of headlines were ripples (literally) and continued cross-border, digital payment efforts from other firms.

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PYMNTS

JUNE 7, 2019

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. Mastercard Launches Open Banking Platform to Further API Standards. Top Performers. million as of the end of September.

District of Columbia 170

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PYMNTS

JUNE 28, 2019

The central bank in Singapore has announced that it will issue five digital bank licenses to eligible applicants, according to a report by Reuters. . The move could significantly alter the financial landscape for the first time in 20 years, as the space is currently controlled by traditional banks. .

Digital Banking 109

Digital Banking Groups Fintech Innovation 109

PYMNTS

JUNE 18, 2019

Meanwhile, there are fresh ideas about how to scale open banking and the role of humans in customer service for marketplaces. While all that happens, new questions are arising over the role of digital identity in the quickly transforming healthcare industry. million: Number of healthcare workers U.S. needs to hire by 2025.

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PYMNTS

JUNE 3, 2019

Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not only larger companies but smaller ones as well, according to a report by the Financial Times. Business lending is a ripe sector for banks as it tends to be less regulated that consumer lending.

Lending 166

Lending Operations Digital Banking Regulation 166

PYMNTS

JUNE 4, 2019

Germany-based digital small business bank Penta has announced its new chief executive officer. Wenthin is co-founder of solarisBank , the banking-as-a-service company that holds bank accounts for Penta customers. at the time pointing to high fees for SMBs and outdated technology offered by banks.

Digital Banking 134

Digital Banking Examples Company Report 134

PYMNTS

JUNE 18, 2019

challenger bank Tide is closing in on surpassing the market share of competitor The Co-Operative Bank , reports in AltFi said this week, highlighting the traction that new market entrants are gaining. s small business banking market. Tide’s current customer count means it has 1.5 percent of the U.K.’s

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PYMNTS

JUNE 4, 2019

Trulioo said it is teaming with Refinitiv — operator of the World-Check Risk Intelligence database — to promote global financial inclusion and fight fraud. With better digital ID verification and KYC processes, that merchant “can pull out her phone, [and] open a bank account with a big brand or someone else,” he said.

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PYMNTS

JUNE 17, 2019

After financial startup Loot reportedly went into administration in May, Loot Founder Ollie Purdue is reportedly becoming a part of a digital bank being developed by RBS-owned Natwest called Bó. As for Bó, the company is operating as a distinct unit from the legacy operations of RBS and created on a technology stack that is new.

Digital Banking 101

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PYMNTS

JUNE 12, 2019

Bento for Business, a B2B payments company, has introduced a new product called Bento Pay, a digital payments solution that “eliminates the need to write checks and gives businesses the ease and security of paying any supplier confidentially, regardless of their digital payment preferences,” according to a release by the company.

Payments 164

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PYMNTS

JUNE 17, 2019

In the past few years, several global markets have invested resources into developing payment systems and infrastructure that enables funds to be delivered in real-time and that operate on a 24/7 cycle. The launch of FPS, he said, could do more than boost customer loyalty for banks that have signed on to the system.

Payments 201

Payments System National Mobile 201

PYMNTS

JUNE 11, 2019

banking industry is an ever-evolving machine, shaped and disrupted by FinTech, regulation and shifting customer expectations. That disruption isn’t over, either, according to Axos Bank CEO Gregory Garrabrants, who spoke with PYMNTS about how a fluctuating industry will continue to affect SMBs in the area of lending, payments and beyond.

Lending 150

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PYMNTS

JUNE 21, 2019

In the latest edition of the PYMNTS weekender, coverage includes the latest about PayPal and Google’s views about bank charters, a deep, analytical dive into Facebook’s new payments idea, a look at the new rise of pet retail and other stories you might have missed or simply want to review. A New Digital Beginning For Lands’ End.

Fraud 101

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PYMNTS

JUNE 28, 2019

David Marcus, Facebook vice president of messaging products and a key developer of the social media firm’s Libra digital currency project, thinks someone with experience in government and central banking would be a great leader for the team that would oversee the currency, according to reports. “We

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social media cryptocurrency blockchain Regulation 117

PYMNTS

JUNE 6, 2019

LINE Pay, the operator of digital wallet and FinTech services on the LINE messaging app, announced on Thursday (June 6) that it has inked a partnership with Visa to create new financial services experiences for consumers and merchants around the globe. Merchants will also be able to see transactions in their LINE Pay digital wallet.

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PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud.

Fraud 128

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PYMNTS

JUNE 3, 2019

Instead, most are focusing on improving their anti-money laundering (AML), data security, mobile and digital payments, and anti-fraud operations. percent of CUs that focused on data analytics said they did so to secure their operations. As it turns out, though, data analytics and security often go hand in hand, as 36.4

Analytics 150

Analytics Innovation Data Fraud 150

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. She added that the credit union would only provide small loans to businesses that have expressed a struggle to get approved for low-value loans from banks.

Lending 129

Lending Analytics Data Security 129

PYMNTS

JUNE 28, 2019

The platform had removed the two digital currencies as payment options for subscriptions in March when it got rid of Bitpay, according to Cointelegraph. The last 14 months have been tough to operate a digital assets trading business in India because of the closure of bank accounts holding user deposits.

Bitcoin 104

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PYMNTS

JUNE 7, 2019

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. Working to wield the opportunity of Open Banking in the U.K., WorldRemit.

Data 139

Data Capital Analytics Lending 139

Accenture

JUNE 5, 2019

In my previous blog, I mentioned that Europe is the battlefield for GAFA (Google, Amazon, Facebook, Apple) companies from the West and from Chinese and Japanese platforms from the East, in addition to the growing number of new, smaller players entering the banking market. percent of total banking revenues in 2017.

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Maine Innovation Examples ATM 150

PYMNTS

JUNE 24, 2019

Financial institutions are constantly on the hunt for an edge when it comes to mobile banking and other innovations, and that’s playing out with new, emerging 5G mobile network technology. One of the most recent developments comes from Spain-based bank Santander. 5G Promise. Low Latency.

Mobile 116

Mobile Fintech Technology Analysis 116

PYMNTS

JUNE 13, 2019

As this month’s PYMNTS Digital Fraud Tracker highlighted, Amazon revealed in May that it was hit by an “extensive” fraud in which hackers are suspected of using phishing attacks on Amazon sellers to steal company money. into their own personal accounts, reports said. and India in 2017.

Fraud 139

Fraud Retail Industry Fintech 139

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Regulation social media cryptocurrency United States 129

PYMNTS

JUNE 19, 2019

Disruption keeps hitting the travel industry, whether via digital payment or commerce, and the latest example of that comes from a U.K.-based As PYMNTS research has demonstrated , four out of 10 travel operators struggle to manage multiple payment service providers. based startup called Duffel. Multiple Payment Struggles.

Innovation 152

Innovation Industry United States Payments 152

PYMNTS

JUNE 20, 2019

Facebook’s Libra cryptocurrency and Calibra digital wallet won’t be available in certain markets. billion people around the world who currently do not have a bank account. The Libra Blockchain will be global, but it will be up to custodial wallet providers to determine where they will and will not operate.

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PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. The Bank of England approaches Libra with an open mind but not an open door,” Carney said.

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PYMNTS

JUNE 20, 2019

Between data breaches exposing customer details and card information and the rise of card-not-present fraud as operations move online, digital businesses are challenged to stay abreast of payment security trends — and fraud is a massive issue for firms large and small. This isn’t merely an issue for the B2C world, however.

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PYMNTS

JUNE 27, 2019

The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). million customers and is the largest online bank outside of Asia.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

JUNE 28, 2019

PPS was created by a tie-up between six Polish banking institutions, and it’s embedded BLIK into banking apps so customers can transfer money, use ATMs and use it pay online or in stores. BLIK is taking advantage of Mastercard virtual debit cards tokenized by the Mastercard Digital Enablement Service (MDES) to make it happen.

Payments 101

Payments System ATM Regional 101

PYMNTS

JUNE 10, 2019

A bit more than a month ago, Visa debuted Visa Next, a platform that offers a growing menu of beta application programming interfaces (APIs) that can be (and are being) used by issuers and issuer processors to build and test new digital-first products.

Cards 175

Cards Payments Marketing Customer Experience 175

PYMNTS

JUNE 20, 2019

That comparison may not be 100 percent on the mark, but the truth is this: Legal pot operations are joining the legitimate business world, and more evidence of that will come after the markets close on Thursday (June 20). Women have become involved in all facets of the legal cannabis operations across the United States and Canada.

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PYMNTS

JUNE 7, 2019

Synapse, the startup that enables bank and FinTechs to create digital financial services, raised $33 million in venture funding. The aim is to bring financial services to the masses by operating a platform that lets banks and FinTechs work with developers.

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Fintech America Lending Report 100

PYMNTS

JUNE 25, 2019

To allow businesses to send money to consumers’ bank accounts in real time using their debit cards, real-time electronic payment and banking solutions provider ACI Worldwide announced the rollout of ACI Disbursement Services. Baker said.

Groups 108

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PYMNTS

JUNE 21, 2019

Consumers’ lives are becoming more digitally focused, which means it’s natural and expected that credit unions (CUs) are feeling the pressure to raise the level of their services across channels. This fact is borne by data in the latest edition of the Credit Union Tracker , a PYMNTS collaboration with PSCU , which found that 59.9

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Fintech Fraud ATM Data 163

PYMNTS

JUNE 28, 2019

In a press release on Thursday (June 27), Mastercard announced that it has implemented its B2B solution for Coca-Cola Icecek, which is piloting Mastercard’s digital wallet tool Masterpass to facilitate B2B sales. Customers can confirm passwords from the banks of their registered debit and credit cards linked to Masterpass.

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Payments Mobile Cards Fraud 100