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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

Dimon’s comments come at a time of aggressive growth and gains by numerous digitally native startups that have modernized and streamlined online banking and payments for the masses. unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age.

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European Court To Rule On Airbnb Classification This Week

PYMNTS

The Luxembourg-based Court of Justice of the European Union (CJEU) will decide whether to classify Airbnb as an online booking service or real estate agent this month, amid a battle against the company from a tourism group, according to Reuters. The backlash against the company also comes from city officials and hotels.

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How Beacons And Mobile Are Fueling Commerce Innovation

PYMNTS

Beacons are small, battery-operated wireless devices that transmit Bluetooth signals to nearby smartphones,” explains another recent report. “In billion by 2024, according to one new estimate , which represents a CAGR of 45.5 New Beacon Growth. Experts expect more use of the technology during the upcoming holiday shopping season.

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Banks Tap FinTechs For Remittance Overhaul

PYMNTS

In fact, cross-border payments are expected to reach $240 billion in value by 2024. A group of Nordic banks have selected Mastercard to overhaul its financial services operations for the region. Users will also be able to access international payment services through an online portal. Around the Smarter Payments World.

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When Loyalty Is Unattended Retail’s Key Feature

PYMNTS

The compound annual growth rate (CAGR) of the global smart vending machine market from 2019 to 2024 is projected to be 12 percent. The expected CAGR of the global transportation ticket vending market from 2019 to 2024 is 3.9 Europe’s 2017 share of the coin-operated vending machine production market is 30.3 And, in the U.S.,

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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. of North American e-commerce payments by 2024, up from 1.6% In the U.S.,

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How The Fed Will Impact Your Deposit Beta

South State Correspondent

First, we point out the difference between online banks with consumer relationships today versus the previous cycles. We calculate that online banks like American Express, Capital One, Marcus (Goldman Sachs), Ally Bank, and others hold a little over 9% of all domestic deposits.