Tue.May 19, 2020

Unicorns and incumbents are equally challenged in this crisis

Chris Skinner

I’ve often questioned the valuations of unicorns in technology, whether it be Uber or Revolut. And here we are in lockdown world and the valuations of most unicorns are crashing overnight. Monzo’s value is down 40 percent, and FinTech funding is at a three year low.

Uber, Grubhub merger would scramble food delivery platforms

Mobile Payments Today

A proposed merger between Uber and Grubhub would have profound implications on an already hyper-competitive food delivery industry in the U.S., potentially putting added pressure on small, independent restaurants

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Things worth reading: 20th May 2020

Chris Skinner

Fraud 241

Navigating the Open Banking journey

Accenture

European banks have, over the last two years, been navigating an interesting and complicated journey into the world of Open Banking and PSD2. Here at Accenture, we have gained extensive Open Banking experience working with more than 50 banks globally.

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Can digital ID work without AI, blockchain and consumer ownership?

Payments Source

Getting rid of passwords is easier in concept than practice, with hundreds of initiatives designed to build something more digital, flexible and transportable. But none have taken hold, causing one developer to try an approach that rejects most of the prevailing methods.

More Trending

Lifting lockdowns could bring a second wave of coronavirus-related fraud

Payments Source

As many countries and U.S. states now begin to lift stay-at-home orders, fraudsters too are being unleashed to return to familiar targets such as bank branches, ATMs and retail stores. Fraud detection Online payments Digital payments Retailers Coronavirus

ATM 144

Warren Calls For Prosecution Of Bailout Program Fraudsters

PYMNTS

Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds – and to prosecute company executives if they “provide fraudulent or misleading information or misuse funds.”.

Stablecoin News for week ending Tuesday 19 May 2020

Daily Fintech

Will the State/Regulators block non government stablecoins to retain their monopoly? Here is our pick of the 3 most important Stablecoin news stories during the week: The big news this week was Telegram, the popular chat service which raised something like USD $1.7b

Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

PYMNTS

When the going gets tough, the tough go to Walmart. That’s one of the main takeaways to come out of Walmart’s first-quarter earnings release Tuesday (May 19).

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Why self-service banking is essential in a post-pandemic world

ATM Marketplace

ATM Marketplace spoke with Simon Powley, head of global advisor consultant services with Diebold Nixdorf, on how self-service and omnichannel banking will affect financial institutions post-pandemic

ATM 102

Kasikornbank To Offer Nium’s FinTech Payments Platform

PYMNTS

FinTech payments platform Nium , based in Singapore, is expanding its global reach to service Kasikornbank’s Asia-Pacific customers in Indonesia, Korea, Malaysia, the Philippines and Vietnam.

The coronavirus has boosted mobile pay, but heightened fraud risk

Payments Source

Mobile's already responsible for more than half of online fraud, and that will get worse, says ClearSales's Bernardo Lustosa. Risk Payment fraud Mobile payments Coronavirus

Fraud 94

Pandemic Gives A Lift To Voice Assistant Technologies

PYMNTS

Voice assistant technology already had an audience even before the coronavirus outbreak gave it a big boost, as it has now radically reshaped consumer habits and preferences on a global scale.

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

Coronavirus' contactless wave pushes PayPal to QR payments

Payments Source

As consumers dump cash and traditional point of sale hardware for contactless payments, PayPal has added support for QR codes in 28 countries. Contactless payments PayPal Mobile payments Point-of-sale Coronavirus Merchant

DOJ: Texas Man Allegedly Claimed Employees To Net $5M In PPP Funds

PYMNTS

A Texas man is facing charges of filing fraudulent loan applications seeking more than $5 million in forgivable loans from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), according to the U.S. Department of Justice.

Texas 180

Can The Federal Reserve's Main Street Lending Program Be Manna From Heaven for Community Banks?

Jeff For Banks

"How much more abuse can small businesses take from big banks?" ~ Community Bank CEO PPP is winding down. Community banks not only took care of their small to medium sized businesses (SMEs), but also helped big bank customers when their calls went unanswered. Because the big banks prioritized.

Maine 85

Walmart Crushes Earnings; eCommerce Soars 74 Pct

PYMNTS

Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up 10 percent over 2019 and eCommerce spiked 74 percent as consumers stocked up on essential and nonessential goods.

Study 169

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

Visa says majority of employees will work from home rest of year

Payments Source

Visa Inc. Chief Executive Officer Al Kelly said he expects a majority of the firm’s employees will continue working remotely through the end of the year. Coronavirus Visa

81

Today In Payments: Amazon Eyes JCPenney Buy; Stimulus Payments To Be Sent Via Visa Prepaid Debit Card

PYMNTS

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Plus, Uber plans to cut 3,000 more jobs. Amazon Eyes JCPenney Buy.

ATM 161

Jarett Jones Joins Merchants Bank as Vice President/Commercial Banker

MerhantsBanks

Jarett Jones has joined Merchants Bank as Vice President/Commercial Banker, according to Dan Nistler, President for Merchants Bank in Rochester. “We’re We’re pleased to be expanding our business team in Rochester to serve the needs of local businesses as a trusted financial advisor.

More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive

PYMNTS

It’s no secret that the federal Paycheck Protection Program (PPP) has had a rocky few weeks since initially launching in early April.

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Your Ultimate Guide To COVID-19 Personal Loans

BankBazaar

Several public-sector banks are offering COVID-19 Personal Loans. While these may be cheaper than regular Personal Loans, their eligibility criteria are different. Here’s everything you need to know before taking the plunge.

Metro 78

US Airlines Say Bookings Are Slightly Up, Cancellations Subsiding

PYMNTS

The airline industry could be showing some signs of life as the airlines report slower ticket cancellations and more bookings on some routes. But the spike in share prices because of it, experts caution, doesn’t mean that things are close to pre-pandemic levels, though.

US 157

Creating Community Through Virtual Events: A Conversation with Clayton Collins, CEO and President of HousingWire

William Mills

While virtual financial services events have gained popularity out of necessity, the jury is still out on whether or not these events are a true alternative to in-person events. Will such events continue even after it's safe to book a flight and crowd onto a trade show floor

New Facebook Shops Feature Streamlines Social Commerce

PYMNTS

To enable businesses to more easily list their merchandise on its social media platforms, Facebook has unveiled Facebook Shops. The free feature will allow companies to place product listings on their Facebook Page, Instagram profiles and stories, or in ads, CNBC reported.

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.