PYMNTS

SEPTEMBER 9, 2020

An ambitious initiative to implement digital versions of worldwide currencies is unlikely to get off the ground this year, officials said, as reported by Reuters. The project, previously known as the Utility Settlement Coin initiative, involves 13 of the world's largest banks and would entail making digital versions of the U.S.

blockchain 150

blockchain Regulation Report Groups 150

PYMNTS

SEPTEMBER 18, 2020

In today’s top news in digital-first banking, ClearBank has begun offering multicurrency bank accounts through an application programming interface (API), and LoanDepot is considering going public. ClearBank Introduces Multicurrency Bank Accounts. Plus, EVO Payments Inc. Mortgage Lender LoanDepot Looks Toward $15B IPO.

California 142

California Payments Management Retail 142

PYMNTS

SEPTEMBER 4, 2020

Reserves are funds central banks hold in currencies other than their own. We expect private and reserve managers will generate more than US $150 billion in total portfolio inflows to China in 2020, for the third consecutive year, highlighting the transformations underway,” the Morgan Stanley report said, per CNBC. 4) and cited by CNBC.

US 236

US Report Management Company 236

PYMNTS

SEPTEMBER 7, 2020

The year 2020 began inconspicuously — but in a few short weeks, everything changed. In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business.

Cards 246

Cards Tools Capital Payments 246

PYMNTS

SEPTEMBER 22, 2020

And yet, overall spending across the luxury industry could shrink by as much as 45 percent through 2020, as other regions and countries – Europe and the U.S. Along the way, the much-anticipated (and perhaps even imminent) launch of the digital yuan could help spur spending. As reported by Bloomberg on Tuesday (Sept.

Retail 169

Retail Boston Groups Regional 169

PYMNTS

SEPTEMBER 16, 2020

the digital payment and open banking provider based in Redwood City, California, has hired Jonathan Vaux as general manager of its European operations, the company announced on Wednesday (Sept. The banks hope that these added features will appeal to people’s increasingly digital habits, the company said. i2c Inc. ,

Management 133

Management Innovation California Payments 133

PYMNTS

SEPTEMBER 2, 2020

million of funds from a “wire fraud scheme” involving a so-called digital currency called OneCoin from 2015 to 2018, according to the letter. In other news, “crypto-friendly” neo-bank Cashaa has notched $5 million from blockchain investment and advisory company O1ex, according to an announcement. “As

Bitcoin 150

Bitcoin US Fraud blockchain 150

PYMNTS

SEPTEMBER 24, 2020

Plus, FIS and The Clearing House have partnered to provide instant settlements to small banks and credit unions. FIS, TCH Partner To Connect Small Banks, CUs To RTP. Mastercard Expands Digital Card Program To Include Instant Access, eWallet. Mastercard Expands Digital Card Program To Include Instant Access, eWallet.

Company 137

Company Payments Atlanta Massachusetts 137

BankInovation

SEPTEMBER 25, 2020

Contactless payments are here to stay in the post-COVID world, according to recent data from Amex, but cash’s staying power may hinder banks from fully realizing the efficiencies of digitized payments.

America 98

America Payments Data Video 98

BankInovation

SEPTEMBER 25, 2020

Contactless payments are here to stay in the post-COVID world, according to recent data from Amex, but cash’s staying power may hinder banks from fully realizing the efficiencies of digitized payments.

America 98

America Payments Data Video 98

PYMNTS

SEPTEMBER 8, 2020

Yet, the way consumers receive disbursements stands in stark contrast to how many of them make payments today, with one-touch simplicity of peer-to-peer (P2P) apps like Venmo and digital wallets like Apple Pay. Funds can be transferred directly into any type of account, including bank, prepaid and digital wallet accounts.

United States 182

United States Survey Apple Payments 182

PYMNTS

SEPTEMBER 29, 2020

The future of finance is digital,” said Valdis Dombrovskis , the panel’s executive vice president. During the lockdown, many people shifted to accessing banking and other financial services online. Many more made contactless payments. Now, with Mastercard, Wirex has become its first crypto card licensed principal member.

Innovation 323

Innovation Payments cryptocurrency blockchain 323

PYMNTS

SEPTEMBER 4, 2020

We dive into PayPal's installment options, consumer trust in digital banking, and Walmart and Amazon's battle for the digital consumer. Walmart+ And The Changing Digital Commerce Landscape. New Data: How Online Merchants Build Consumer Trust In The Digital 3.0 Walmart Inc. Trackers and Reports.

Survey 175

Survey New York City Digital Banking Online 175

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. The aim of doing so is to create a more robust framework for digital banking.

Online 151

Online Report Payments Regulation 151

PYMNTS

SEPTEMBER 30, 2020

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely.

Regulation 175

Regulation Data Regional Examples 175

William Mills

SEPTEMBER 11, 2020

We are proud to share our latest infographic, the Mobile Banking Market Leaders for Banks Infographic. FI clients in 2020, our infographic features the leading companies in the industry and market shares for each. Based on the number of institutional installs and U.S.

Mobile 81

Mobile Marketing Industry Online 81

PYMNTS

SEPTEMBER 18, 2020

As it stands, eight million third-party merchants are on Amazon, while just under 370,000 have come on board in 2020, according to Boosted. The news comes as BitX Funding , the online lending marketplace that connects company owners and non-bank lenders, was seeking to assist Amazon third-party (3P) sellers with expansion.

Branding 213

Branding Online Lending Retail 213

PYMNTS

SEPTEMBER 30, 2020

billion and plans to use the IPO to enter into new business areas, such as adding a digital insurance unit to its portfolio alongside its existing insurance and securities work, the report stated. This will allow Kakao Pay to "cover all areas of finance, with the exception of banking, which is accounted for by Kakao Bank," the report stated.

Fintech 150

Fintech Mobile Security Operations 150

PYMNTS

SEPTEMBER 11, 2020

For example, in April 2020 a RaaS (Ransomware as a Service) group called Sodinokibi (a former affiliate with the GrandCrab RaaS group) stated that future ransom request payments will be in Monero (XMR) rather than bitcoin (BTC) due to transaction privacy concerns," the agency states in its RFP. Even the U.S.

cryptocurrency 241

cryptocurrency United States Security Bitcoin 241

PYMNTS

SEPTEMBER 11, 2020

Berkshire Hathaway now has ownership of 138 million shares in the bank for a 3.3 Mastercard Leads New Central Bank Digital Currency Test Platform. Mastercard has unveiled a new Central Bank Digital Currency (CBDC) test platform. Black Friday 2020 Takes On New Forms To Adapt To COVID-19. Stake In Wells Fargo.

Maine 141

Maine Apple Payments Online 141

TheGuardian

SEPTEMBER 4, 2020

From 31 October, customers who take out more than £250 in 30 days will be charged 3% The digital bank Monzo is to introduce charges for customers who do not use it for everyday banking but make cash withdrawals of more than £250 a month. Related: UK consumer lending will plummet during 2020, say forecasts Continue reading.

Lending 72

Lending Digital Banking Cards 72

PYMNTS

SEPTEMBER 14, 2020

In 2020, movie studios, motivated by the pandemic’s hit to movie theatre attendance and the hockey-stick growth of streaming subscribers, reversed a decades-old rule that now only gives movie theatres 17 days, or three weekends, of first-run movie exclusivity, down from what was once a three-month head start. Until March of 2020.

Innovation 245

Innovation Video Course Meeting 245

PYMNTS

SEPTEMBER 15, 2020

Cash is still in short supply for millions of Americans and small businesses living out 2020 on a mix of unemployment, side hustles and on-again/off-again government stimulus. For many, personal loans are part of the solution, and for this, the app universe has many options.

Resources 143

Resources Lending Digital Banking Mobile 143

CB Insights

SEPTEMBER 1, 2020

The 2020 Fintech 250 cohort has raised approximately $49.2B 2020 Fintech 250 investment highlights. The 2020 Fintech 250 categories and most well-funded startups represented. 2020 fintech 250 investment highlights. Funding trends: In 2020 year-to-date (YTD), these 250 private companies have raised $10.3B

Fintech 101

Fintech Company Lending Capital 101

PYMNTS

SEPTEMBER 14, 2020

According to new rules passed down from the Peoples' Bank of China (PBOC), firms operating two or more financial businesses in China will be classified as financial holding companies as of Nov. trillion) in the year leading up to June 2020, according to WSJ. 1, and will have to apply for a license to do so. billion yuan ($10.4

Groups 161

Groups Company Regulation Lending 161

Perficient

SEPTEMBER 15, 2020

And in healthcare – an industry that tends to segment consumers into patient or member experience silos – consumers increasingly expect a seamless, holistic, digital health journey. Today, entire industries such as healthcare, banking, insurance, and business-to-business (B2B) sales are being rewired around customers and end users.

User Experience 427

User Experience Innovation Branding Customer Experience 427

PYMNTS

SEPTEMBER 30, 2020

Close to half of the credit union (CU) executives surveyed by PYMNTS earlier in the year expected credit card processing revenues to outstrip debit in 2020. The debit pivot is, in part, a temporary reaction on the part of consumers who have been understandably shaken by the 2020 economic devastation.

Innovation 142

Innovation Cards Meeting Strategy 142

BankInovation

SEPTEMBER 8, 2020

CB Insights last week unveiled its Fintech 250 list, which compiles what it deems the 250 best private fintech companies of 2020. “The From capital markets to insurance and digital banking to […].

Fintech 64

Fintech Capital Digital Banking Industry 64

PYMNTS

SEPTEMBER 28, 2020

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. And in the pivot of becoming an equity investor to a creditor — extending loans to corporate clients — FinTechs and banks have to craft new models.

Fintech 291

Fintech Examples Industry Management 291

PYMNTS

SEPTEMBER 29, 2020

The ongoing war between Apple and Epic Games over the future of Fortnite on iOS seems to be heading for a trial showdown that could have drastic effects on what the future of the digital economy will be, and what entities will play the role of gatekeeper. Why Millennials And Gen Z Could Save 2020's Holiday Shopping Season.

Payments 148

Payments Apple Survey Seattle 148

FICO

SEPTEMBER 3, 2020

The UK’s financial watchdog is now calling on UK banks to continue to provide support to mortgage customers when the government-enforced payment holidays come to end next month. The FCA has told banks to offer a range of tailored repayment options to mortgage borrowers hit by coronavirus. . Debt Collection 2020 - Affordability.

Payments 52

Payments Tools US Operations 52

FICO

SEPTEMBER 16, 2020

While 2020 has posed new challenges in fraud, our new European Card Fraud Map shows that many countries were battling card fraud successfully last year — with the UK leading the pack. What does this mean for the new challenges of 2020 and beyond? COVID-19 is having significant impacts on the transaction mix and threat.

Fraud 52

Fraud Cards Study System 52

Current

SEPTEMBER 21, 2020

Back in July, we became the first mobile bank to launch points rewards based on debit, allowing our members to earn cash back just for making their everyday purchases at both national retailers and local stores, with other national retailers including Subway, Rite-Aid, True Value and Cold Stone Creamery amongst our over 14,000 merchants.

Marketing 98

Marketing Conference National Comparison 98

FICO

SEPTEMBER 29, 2020

I was privileged to join Bruce Curry on a series of two digital roundtables recently, where 13 experienced minds of the industry got together to discuss the current and future situation around collections and recoveries during the current debt tsunami. Can any of it be leveraged further using the open banking data?

Management 87

Management Analytics Data System 87

PopularBank

SEPTEMBER 23, 2020

Joseph Culotta Brings More Than 18 Years of Leadership and Wealth Management Expertise to Popular Bank. NEW YORK, NY – September 15, 2020 – Popular Bank , a subsidiary of Popular, Inc. Prior to joining Popular Bank, Culotta held leadership positions with the wealth management groups of Citibank and most recently, HSBC.

Management 52

Management Leadership New York New Jersey 52

CB Insights

SEPTEMBER 10, 2020

Our recent webinar — The State of Fintech Q2 2020: Funding Rebound Reveals the Next Leg of Fintech Innovation — highlighted key fintech trends and deals from the second quarter of 2020, including the rise of embedded fintech applications and demand for digital banking services. Free Download: State of Fintech q2’20.

Fintech 46

Fintech Innovation Lending Regional 46

Social Assurance

SEPTEMBER 10, 2020

Stoneham Bank sparked its community with a Small Business Spotlight initiative led by its VP, Marketing Director, Lauren Constantine in partnership with Pannos Marketing. It asked community members to nominate their favorite local small business for a chance to receive a $2,500 grant from the bank. To view the videos go to: [link].

Community 15

Community Video Maine Marketing 15