PYMNTS

OCTOBER 23, 2020

Silicon Valley rideshare giants Uber and Lyft must abide by a California Court of Appeals’ decision that they can no longer classify their drivers as independent contractors, pending a ballot measure giving voters a say on election day (Nov. 3). In a unanimous decision, the appeals court upheld an earlier ruling that both rideshare startups must re-classify their drivers as California state employees, according to a Reuters report on Friday (Oct. 23).

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Perficient

OCTOBER 23, 2020

It’s hard to believe that the 2020 holiday shopping season is almost upon us, and it’s likely to be unlike any other holiday season we’ve seen to date. It goes without saying that this year will be different in the midst of the COVID-19 crisis, and you already know the impact the pandemic has had on consumers and how they purchase, with many turning to online channels for items that they typically may have purchased in-store.

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Trends Analytics Google Online 515

Payments Dive

OCTOBER 23, 2020

Mobile payments have been a lifesaver for so many restaurant brands over the last eight months, when keeping physical contact to a minimum has been the order of the day. In a Fast Casual Executive Summit session, four restaurant leaders discuss the future of payments, mobile and otherwise.

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Mobile Branding Payments 269

PYMNTS

OCTOBER 23, 2020

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. 23). The financial commitment from Mastercard and the Mastercard Impact Fund deposits the money into Community Development Financial Institution (CDFI) banks and Low-Income Designated credit unions, which assists women- and minority-owned businesses in underserved communities across the U.S

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New York City Community National New York 271

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Payments Source

OCTOBER 23, 2020

Small and midsize merchants in North America continue to struggle with the effects of COVID-19 on their bottom lines, but those who have developed an online presence and made changes to in-store payments have found the process to be a vital step.

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Payments America Online Retail 121

ABA Community Banking

OCTOBER 23, 2020

Go on the offensive on social media and take advantage of creative branding opportunities, as well as provide clear communications to your team members and clients. The post Keeping Your Brand in a Safe Position During the Pandemic appeared first on ABA Banking Journal.

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Branding social media Community Bank Marketing 126

PYMNTS

OCTOBER 23, 2020

Walmart India’s eCommerce firm Flipkart is investing $204 million (?1,500 crore) for a 7.8 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL), the company said in a statement on Friday (Oct. 23). “This partnership is an emphatic endorsement of the growth potential of India," Kumar Mangalam Birla, chairman, Aditya Birla Group said. "It also reflects our strong conviction in the future of the apparel industry in India, which is poised to touch $100 billion in the next five years.”.

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Retail Branding Groups Industry 248

Payments Source

OCTOBER 23, 2020

With the COVID-19 pandemic creating unprecedented challenges for small businesses, American Express has increasingly targeted its investments in that niche.

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Lending 113

PYMNTS

OCTOBER 23, 2020

Artificial intelligence (AI)-powered payments startup Skipify is partnering with Google to deliver shopping features within the Gmail ecosystem, the companies said announced on Friday (Oct. 23). Gmail users will be able to view products in real time and checkout with a shopping cart without leaving the email space. Merchants who have already participated in the shoppable email program reported that have seen revenue from email jump 30 percent or more.

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Google Branding Online Tools 236

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Payments Source

OCTOBER 23, 2020

PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins.

cryptocurrency 93

cryptocurrency Bitcoin Company 93

PYMNTS

OCTOBER 23, 2020

Home buying is up — at a heady pace, for the fourth straight month. Behind the data lie a slew of lifestyle changes and demographic shifts, which may have positive ripple effects for the SMBs that line Main Street, and bode well for consumer spending trends overall. To that end, and in terms of the data announced by the National Association of Realtors, existing home sales grew by 9.4 percent in September over August, which equates to a seasonally adjusted, annualized rate of 6.5 million units.

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Survey Maine New York Millennials 227

Payments Source

OCTOBER 23, 2020

As fraud continues to rise, there are a series of steps merchants can take to bring themselves into PCI compliance, says Qualpay's Penny Townsend.

Compliance 111

Compliance Fraud Payments 111

PYMNTS

OCTOBER 23, 2020

It’s been a good year to be in the business of selling toys, a fact demonstrated by Mattel’s recent earnings release showing a surprising jump in quarterly sales, with hope for more to come as the annual holiday shopping season is revving up. As it turns out, kids locked down and attending virtual school from their bedrooms are looking for ways to fill their time — which in turn has led to a return to toy buying among parents.

social media 215

social media Video Retail Branding 215

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

Payments Source

OCTOBER 23, 2020

T. Rowe Price Group Inc., UBS Asset Management and FMR LLC, the parent of Fidelity Investments, are among the money managers angling for a piece of Ant Group Co.’s blockbuster initial public offering, a person familiar with the matter said.

Groups 87

Groups Management 87

PYMNTS

OCTOBER 23, 2020

Post-pandemic, digital dollars will make their way across supply chains drastically reconfigured, and China will be out of the picture as the dominant U.S. trading partner. Maybe only a little of that will be true. The digital dollars part, at least. In an interview with Karen Webster, Dr. Paul Sheard , senior fellow at Harvard’s Kennedy School, said that COVID-19 has exposed some fundamental vulnerabilities in how goods travel the world.

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System Policies Course Innovation 208

BankInovation

OCTOBER 23, 2020

Banks that go fully digital as a result of COVID-19 could regret the move. “Banks shouldn’t abandon the branch but instead refocus it to drive customer and employee engagement,” according to Forrester’s “Predictions 2021: Banking” report. “They can reduce branch costs by being smarter about their footprint and technology as well as shifting to paperless […].

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Technology Report Risk Management Management 98

PYMNTS

OCTOBER 23, 2020

For the many businesses that have managed to endure the COVID-19 crisis, embracing changes that improve their cash flow and financial flexibility has been critical. Dean M. Leavitt , founder and CEO of Boost Payment Systems , told PYMNTS in a recent Masterclass that businesses large and small that have traditionally relied on the manual processes associated with writing checks or wiring funds to pay their suppliers are increasingly using commercial credit cards for payment instead.

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Cards Payments Data Examples 207

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Payments Source

OCTOBER 23, 2020

There's going to be a strong emphasis on the creation of financial products underneath innovative, customer-centric innovation from big tech companies, says FIS' Raja Gopalakrishan.

Innovation 92

Innovation Payments Company Google 92

PYMNTS

OCTOBER 23, 2020

Ripple is mulling moving its headquarters abroad because of frustration with the regulatory climate in the United States. The FinTech company is most renowned for its XRP digital currency, CNBC reported. Brad Garlinghouse , the company’s CEO, says he went to London in September and told the outlet that the Financial Conduct Authority does not consider XRP to be a security.

cryptocurrency 202

cryptocurrency United States Leadership Security 202

Payments Source

OCTOBER 23, 2020

Lenders have spent months puzzled by the persistently low delinquencies on their credit cards. Now, they’re seizing the moment.

Cards 107

Cards Company Capital Marketing 107

PYMNTS

OCTOBER 23, 2020

Online grocers are increasingly allowing underprivileged consumers to use EBT payments (the modern equivalent of food stamps) at a time when the pandemic has made going to the store too risky for many shoppers. The latest such move came from Instacart and ALDI, which announced they would allow customers to pay for same-day delivery or pick up food orders using their EBT SNAP (Supplemental Nutrition Assistance Program) cards.

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Online Payments Montana Alaska 195

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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

Compliance

ATM Marketplace

OCTOBER 23, 2020

With holidays right around the corner, retailers are trying to capture customer spend earlier than Black Friday. ATM Marketplace spoke with Mike Lemberger, senior vice president and regional risk officer for Visa, North America, on ways Visa is helping disrupt fraud before it attacks customer data. This is part two of a two-part series on fraud.

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Fraud How To ATM Regional 87

PYMNTS

OCTOBER 23, 2020

Chinese FinTech Lufax is hoping to get as much as $2.36 billion from the initial public offering (IPO) filed earlier this month, according to a report in CNBC on Friday (Oct. 23). . Backed by financial services conglomerate Ping An Group , the Shanghai-based startup has filed with the SEC to list on the New York Stock Exchange under the ticker “LU.” .

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New York America Capital Groups 181

BankDeals

OCTOBER 23, 2020

Haverhill bank (MA/NH) is currently offering a competitive rates on its 60-month CD ($500 minimum) and on its 60-month CD IRA ($25 minimum).

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PYMNTS

OCTOBER 23, 2020

While other firms scaled back their workplace and hiring activities with the onset of the pandemic, i2c took a different path, forging ahead with building its team and growing its resources to help its affected clients. "I'd say the most significant change our organization made in response to the pandemic was to lean into our purpose and our own growth.

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Resources Payments Company Operations 179

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending