Mon.Jul 19, 2021

Bitcoin Drags Other Cryptos Down In Dip

PYMNTS

With bitcoin falling, cryptocurrency prices in general were in the red on Monday (July 19), a report from The Street says. Bitcoin was down 2.9 percent the last time the report checked, with its price sitting at $30,768. Ethereum was at $1,825, down 4.4 percent, and Dogecoin was down 5.4

It’s Back to the Future for Payments

Accenture

This blog is based on my keynote presentation at the 2021 Payments Canada SUMMIT Payments leaders probably feel like they are living in the future right now. The pandemic changed the industry forever. Digital adoption has exploded across all age groups.

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Penske Truck Rental Debuts Consumer App

PYMNTS

Penske Truck Rental , with a new mobile app, intends to streamline the experience for renters with "flexibility, expert advice, moving tips, greener moving options and a network of supplies and services," a press release says. The app will be available through the App Store and Google Play Store.

FinCEN AML/CTF Priorities Part 2: Human Trafficking/Human Smuggling

Abrigo

Key Priority: Human Trafficking and Human Smuggling Among FinCEN's first list of key priorities for AML/CFT policy is deterring human trafficking/human smuggling. Would you like others articles like this in your inbox?

Payment Optimization & PCI Solutions: Combining Offense and Defense With a Single Provider

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security and Matt Doka, Co-Founder and CTO of Fivestars

In this webinar, our esteemed panelists will discuss using Zero Data as the defense and payment optimization as the offense. A startup will have a well-rounded security approach that enables them to get to market sooner, grow their business faster, and minimize costs for both security and compliance.

Apple Pay Later Could Pose Larger Threat To Card Issuers Than To BNPL Players

PYMNTS

The “Pay Later” pure-play stocks took a drubbing last week on the news that Apple Pay and Goldman, who partnered on the Apple Card , are doing it again to build a BNPL product. Details are sketchy at the moment, and rife with rumor and innuendo.

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Western Union CEO: Bringing Global Citizens Into The Connected Economy

PYMNTS

In 2020, approximately 250 million migrant workers worldwide collectively sent $702 billion in remittances back to family and friends in their home countries every week or every month, according to the World Bank.

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4 part series on Lightning Network Part 3: Tigger says be patient it is happening and will change everything 

Daily Fintech

Tigger bounced onto stage at the Pooh Corner Tech Debate and got a big cheer when he said “soon all Bitcoin wallets will have a Lightning Network capability and users will simply notice faster confirmation and lower fees.”

Bill.com Pays $625M For AR Software Provider Invoice2go

PYMNTS

Back-office software provider Bill.com announced on Monday (July 19) that it had signed a definitive agreement to acquire Invoice2go in a $625 million stock and cash deal.

Global Digital Banking Market to Reach $30.1B by 2026

Banking Exchange

Technology and Covid-19 propel push towards cashless society according to new market study Technology Tech Management Feature3 The Economy Feature Digital. 1Technology

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Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

Victoria's Secret Plans Test Of New Store Format In Off-Mall Strip Center

PYMNTS

Victoria's Secret will be spinning out of parent company L Brands into a new public entity as of next month, CNBC writes, as the fashion company tries to move on from its usual place in traditional malls. The new entity will be known as Victoria's Secret & Co.

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Financial Institutions Prepare for Post-Pandemic World

Banking Exchange

SRM commentary advises banks to review operational models and names M&A and digitalization as top trends for 2021 Management Feature M&A Financial Research Human Resources Feature3. 1Management

Today In Digital-First Banking: Banks Spend More To Compete With FinTechs; US Regulators, Advisory Group Examines Stablecoins

PYMNTS

In today’s top news in digital-first banking, banks expect having higher expenses and lower revenue, while U.S. Treasury Secretary Janet L. Yellen is convening financial markets advisers and watchdogs to talk about stablecoins. Plus, Enterprise Financial Services Corp.

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Borrowers Want Digital Payments That Are Dynamic, Fast, and Resonant

SWBC's LenderHub

Did you know that the COVID-19 pandemic and subsequent statewide lockdowns have accelerated the adoption of digital products and services by six years ?

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

Payments Orchestration Fast Tracks Crypto, BNPL For Merchants

PYMNTS

The last year has seen eCommerce take off in an explosive way across verticals as the entire world has woken up to its many merits. Those who had been holdouts before are finally coming around.

Ransomware attacks becoming increasingly sophisticated

BankInovation

The Biden administration is taking aim at the use of cryptocurrencies in automated ransomware attacks, it was revealed Thursday. Cryptocurrencies are often used because they’re harder to trace, but the administration will adopt more rigorous tracing of ransomware paid out to hackers.

Tesla’s Latest Boost And Automotive Subscriptions’ Shifting Future

PYMNTS

After years of building buzz, it looks like Tesla’s long awaited self-driving car package is ready to make an appearance on the market, as the electric car company is rolling out its latest subscription offering for owners.

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Can Ripple Labs beat the SEC in court?

American Banker

Fintech Ripple Enforcement SEC Cryptocurrencies

4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!

Banks Spend More To Fend Off FinTechs

PYMNTS

Banks are forecasting higher expenses and lower revenue amid a continued slowdown in lending as they scramble to fend off FinTech rivals and stay ahead of technology, Financial Times reported on Monday (July 19). The biggest financial institutions in the U.S.

New EU tax rules stand to stimulate cross-border payments for U.S. merchants

American Banker

European Union U.S. E-Commerce

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Peloton Plans In-App Video Game For Workout Without An Instructor, Report Says

PYMNTS

Peloton will be entering the video game industry with a new game called "Lanebreak," which will have to do with riders changing their cadence and resistance to complete various goals, a report from The Verge says. The game will be available in Peloton's app.

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Lightico raises $15M in latest funding round

BankInovation

Lightico, a fintech that automates e-signatures and other customer-identification verifiers, today announced an additional $15 million follow-on series B funding round led by Capital One Ventures, bringing the total round to $27 million, and representing the group’s second financial investment in the fintech in less than a year.

How to Overcome the Pain Points of Your CRM

CRM software is a powerful tool when used correctly, yet another obstacle to a sales team’s efficiency when it’s not. Leveraging research and commentary from industry analysts, this eBook explores how your sales team can get back valuable time by overcoming some pain points with your CRM, such as low adoption rates, integrations, and data quality.

Online Eyewear Retailer Lenskart Nets $220M, Highlighting Tech Boom In India

PYMNTS

Lenskart , which specializes as an online retailer for eyewear, has raised $220 million from investors, a LiveMint report says. The India-based company has raised from investors like Temasek Holdings Pte and Falcon Edge Capital, the report says. The company's valuation has now reached $2.5 billion.

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ICX Association names award winners in interactive customer experience

ATM Marketplace

The Interactive Customer Experience Association presented its annual Elevate Awards during the #ElevateICX Virtual Symposium last week. The awards recognize innovation in digital signage, kiosk, mobile, omnichannel and emerging technologies

How The Pandemic Restructured The US Real-Time Payments Conversation

PYMNTS

In A Decade of Digital Transformation in 12 Months , 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out.

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Fee waivers crimp trust banks' profits. Will pain ease in 3Q?

American Banker

State Street Earnings Money market funds Fee income BNY Mellon

4 Data-Driven Steps To Drive Successful B2B Demand Generation

Fact: Good data lives at the core of every successful B2B demand generation strategy. Without quality data, it’s nearly impossible to identify and segment your target audience and create messaging that speaks to their values and interests. Whether you’re stepping into a new position or you’re new to demand generation, learning the tricks of the trade can be, well, tricky. In this eBook, you’ll discover how to improve your demand generation program—and your bottom line.