Wed.Dec 02, 2020

Dimensions of disruption in payments

Accenture

In the first post in this series, we looked at the major trends driving disruption in payments today. This time, we’ll look at how these trends will actually impact the industry by geography and by payments instrument.

FedEx Makes Major Foray Into eCommerce By Buying ShopRunner

PYMNTS

FedEx took a big step on Wednesday (Dec. 2) toward beefing up its eCommerce capabilities, announcing a deal to acquire eCommerce platform ShopRunner for an undisclosed sum. “We

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Want to improve the auto and equipment loans experience? Look to the cloud

Accenture

Equipment and auto finance organizations have been slower than many other lenders to adopt cloud—the average bank today has more than half of its workload in the cloud, according to Accenture’s report, “The Cloud Imperative for Banking”.

Mitek CEO: Digital Identity Must Accelerate During Pandemic

PYMNTS

Since the earliest days of human existence, the concept of trust has presented unique interpersonal challenges that are as trying in the digitized world of the 21st century as they were for ancient civilizations.

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5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Visa defends Plaid deal to DOJ, asserting data's vital new role in payments

Payments Source

Visa insists that the Department of Justice, in objecting to its proposed $5.3 billion purchase of Plaid, fundamentally misunderstands the changing role of data in the payments industry. Fintech Compliance M&A Visa

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7-Eleven answers pandemic payment concerns with mobile wallet

Payments Source

To address a growing demand for contactless payment methods during the coronavirus pandemic, 7-Eleven has launched a mobile wallet for customers to use at participating U.S. stores. Retailers Mobile wallets 7-Eleven

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Visa Teams With Circle On USDC Digital Currency Corporate Card

PYMNTS

Visa is linking its 60 million-merchant-strong international payments network to the U.S. Dollar Coin (USDC), which Circle Internet Financial built, Forbes reported.

Cards 243

Starling Bank co-founder’s crypto startup Ziglu raises £6 million

Payments Source

London-based crypto payments app Ziglu, launched by Starling Bank co-founder Mark Hipperson, has raised £6 million (about $8 million) on the Seedrs equity crowdfunding platform. Venture funding Cryptocurrencies

BNPL Firm Afterpay Tops $2 Billion In Sales For November

PYMNTS

Buy now, pay Later (BNPL) company Afterpay surpassed $2.1 billion in sales for the month of November, a new milestone that more than doubled last year’s November transactions, the company said in a statement on Wednesday (Dec.

Survey 231

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Swift, Lloyds deliver real-time cross-border payments in U.K. through GPI Instant

Payments Source

After tests with several banks that established Swift's ability to connect its Global Payments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.

$908 Billion COVID Stimulus Proposal Has Pelosi, Schumer Support

PYMNTS

On Wednesday (Dec. 2), House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer backed a bipartisan plan for $908 billion for a coronavirus stimulus, CNBC reported, and they encouraged Senate Majority Leader Mitch McConnell to get behind it, too.

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State of the Cyber Insurance Market

Daily Fintech

Beginning 2016, a spate of cyber incidents affected global businesses, drawing unprecedented attention to this peril. From NotPetya to WannaCry, ransomware and malware attacks created havoc for businesses, causing huge losses.

Device ID Helps Fight Holiday Fraud Amid Record Online Shopping

PYMNTS

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues.

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The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

EBay hires Discover’s U.S. cards chief to drive growth

Payments Source

EBay has hired Discover’s top U.S. cards executive, Julie Loger, for the newly created position of global chief growth officer. Discover Online payments eBay Retailers Credit cards

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Facebook, Celebrities Join $50 Million Series B For FinTech Startup Step

PYMNTS

Silicon Valley FinTech startup Step has raised $50 million in a Series B funding round, the company announced Wednesday (Dec. The funding round was led by new investor Coatue Management, a slew of celebrity backers and Big Tech executives.

The cloud can create its own agility for fintech innovation

Payments Source

Especially in a remote environment, the ability to adapt within days to shifting call volumes, different call center locations, new agent groupings, or utilizing a configurable interactive voice response system cannot be underestimated, says Genpact's Jason Osborne. Fintech Digital payments Cloud computing

Paying People To Get Vaccines: The Ultimate Economic Stimulus?

PYMNTS

Among the economic principles you’ll find in textbooks: People do what they find rewarding. That includes preventive health, where it takes some incentives to get them to engage in making healthier lifestyle choices, and in sticking with that behavior.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Visa says U.S. spending growth slowed amid surge in virus cases

Payments Source

Visa Inc. said growth in spending on its cards in the U.S. slowed last month as coronavirus cases surged across the country. Coronavirus Visa Credit cards

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JPMorgan Chase To Buy Boston FinTech 55ip

PYMNTS

Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release.

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Mobile, video and crypto payments are set to become mainstream

Payments Source

Retailers and merchant acquirers need to adjust to new media in the new year, says Zycada's James Brear. Augmented reality Mobile payments Payment processing Merchant E-Commerce

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hum by Colgate Collaborates With Meditation App Headspace

PYMNTS

hum by Colgate and Headspace , the meditation and mindfulness app, have joined forces to help individuals “stress less and smile more” by making healthier everyday routines, according to a Wednesday (Dec. 2) announcement.

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

As popular as 'buy now/pay later' is, there's much room to grow

Payments Source

Investors are flocking to point of sale credit firms, which have emerged as a popular option during a time of economic stress. And market dynamics suggest more upside even as traditional payment competitors enter the fray. Affirm Credit Klarna Payment processing Merchant

AR Innovations Lag AP Advances For B2B Payments

PYMNTS

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other.

Compliance tech supporting UK financial services

Bobsguide

Over the past two decades, the rules governing financial services have become much more onerous, leading more organisations to rely on tech vendors to process vast swathes of data and report to exact standards. As such, the regtech sector has blossomed, with vendors popping up to offer assistance

Canada Seeks Digital Tax On Google, Netflix And Other Global Web Giants

PYMNTS

Facing a growing budget deficit and the cries from local businesses about fairness, the Canadian government is proposing a new digital tax on foreign web giants such as Netflix, Facebook, Amazon and Google. The digital tax is part of a broader five-year, $3.4

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.