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Samsung Q3 Mobile Sales Decline 12 Percent

PYMNTS

Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars.

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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Morgan Enhances Virtual Cards Via Marqeta. Plaid, Galileo Boost ACH Efficiency.

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

Walmart Pay released its six-month report card , with some pretty interesting stats: ubiquity at all 4,600+ stores, high usage, high repeat usage, rave reviews from their users and a growing crop of brand evangelists that, Walmart Pay execs say, have become an effective recruiting engine. Investor Confidence In Marketplace Lending.

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OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

Abrigo

Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts. Two-factor authentication (2FA) is a commonly used tool to add an extra layer of security and prevent unauthorized login of online accounts. Lending & Credit Risk. New Account Takeover Tactics.

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This Week In Retail: Funding, Finance And Tech

PYMNTS

online lender Prodigy’s funding news for expansion into the U,S., Walmart’s two new partnership announcements , and the news that the CFPB is ordering American Express to pay out money to those hurt by unfair practices. Moving into lending news, U.K.-based based online lender Prodigy shared its funding news.

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June’s Top 12 Mobile Pay Moments

PYMNTS

Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. ” RIP CurrentC.

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The Big Sizzle: Winning Week For Wearables

PYMNTS

Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. The plan, HSBC and Samsung jointly confirmed in a press briefing, is envisioned for wider rollout in the U.S. and globally, though an official timeline has not been set.

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