Tue.Oct 12, 2021

Bitcoin Daily: Venezuela's Simon Bolivar Int'l Airport to Accept Crypto for Flights; BitPay, Wix to Team on Crypto Payments

PYMNTS

Simón Bolivar International Airport, which is Venezuela’s largest airport and also known as Maiquetía, will add bitcoin, Dash and Petro as payment options for clients buying tickets, CryptoPotato reported. Petro is a Venezuelan government-issued digital asset.

Malware is Calling. Will Your Users Answer?

Strategically Speaking

Phishing – in the modern digital world, you no doubt have an idea of what phishing entails, but do you know where the name comes from? In the mid-90s, hackers were fast at work targeting America Online (AOL) accounts.

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Trending Sources

US Labor Dept. Says a Record 4.3 Million Quit Jobs in August

PYMNTS

People are quitting their jobs in record numbers, led by the restaurant, bar and retail sectors, according to the Tuesday (Oct. 12) Job Openings and Labor Turnover Survey (JOLTS) report by the Bureau of Labor Statistics. The U.S. Labor Department said 4.3

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How the cloud is revolutionizing financial technology

ATM Marketplace

By utilizing the cloud, financial institutions can not only reduce infrastructure costs, but they can also acquire products and services much quicker than under traditional circumstances

The Role of Artificial Intelligence in Pandemic Response: Lessons Learned From COVID-19

In March 2020, the world was hit with an unprecedented crisis when the COVID-19 pandemic struck. This whitepaper reviews lessons learned from applying AI to the pandemic’s response efforts, and insights to mitigating the next pandemic.

Data Brief: 80% of US Consumers Have at Least One Subscription 

PYMNTS

More than ever, consumers’ use of automated payments to manage their subscriptions is gaining ground. That comes in tandem with more subscriptions than ever, across music, movies, media and more.

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More Trending

Bank of America 'Recipient Select' Allows Consumer Payments Choice

PYMNTS

Bank of America has rolled out a new solution allowing companies that pay consumers often to give their customers options on how to be paid, according to a press release. The feature is called Recipient Select.

Digital identity could be ‘huge advantage’ for FIs

BankInovation

Digital identity, a technology concept floated in financial services and broader economic discussions over the last decade, offers considerable economic and other benefits, but requires a supporting infrastructure.

Kroger Eyes Market Expansion to Northeast With Planned Delivery Fulfillment Centers

PYMNTS

Kroger is expanding into the northeast market and will be adding customer fulfillment centers (CFCs) and boosting its rapid online deliveries, Chain Store Age reported. Kroger will also be growing its CFCs in California and Florida, the report stated.

Payroll API provider Atomic raises $22 million in series A funding round

BankInovation

Atomic, a payroll integration API provider, has raised $22 million in a series A funding round announced Tuesday. The round was led by Core Innovation Capital and saw participation from Portag3 Ventures and Greylock Capital, both existing investors in Atomic.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

TD Bank Debuts Invoicing to Business Simple Checking Accounts

PYMNTS

TD Bank is expanding its partnership with Autobooks, adding a new invoicing feature, according to a press release.

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Closing the tech investment gap: How mid-tier banks can get ahead

BankInovation

When it comes to choosing a bank, customers indicate that a leading digital experience is one of their top two deciding factors — bested only by product pricing and offers, according to recent Kearney research.

UAE Digital-First Bank Mashreq NEO Debuts Facial Recognition

PYMNTS

Digital bank Mashreq NEO, based in the United Arab Emirates, is letting residents open bank accounts with facial recognition technology, the Khaleej Times reported. The initiative is happening in partnership with the Ministry of Interior of the UAE.

Software firm Monit latest beneficiary of small banks’ fintech funding

American Banker

Fintech Investments

AI in Manufacturing

Manufacturers want to deliver the best products on the market as quickly and ethically as possible. Learn how to solve your most urgent manufacturing and business needs with an enterprise AI platform.

Amazon Prime Goes Live in Poland With Free Delivery, Video Streaming

PYMNTS

Amazon has rolled out its Amazon Prime service in Poland with free delivery and video streaming, Reuters reported. The news resulted in Polish eCommerce rival Allegro’s shares dropping by 3.7%, according to the report.

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Is modernizing National Bank Act the answer to fintech charter woes?

American Banker

Regulation and compliance Cryptocurrencies

Bank Execs Wary but Hopeful Supply Chain Snarls Will End by 2022

PYMNTS

Supply chain disruptions will likely not be concerning in a few months, according to J.P. Morgan’s Jamie Dimon and other powerful bank CEOs, the Financial Times (FT) reported. Current snarls “will not be an issue next year at all,” Dimon said, per the report.

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VantageScore Solutions names trade group exec as new CEO

American Banker

Consumer banking

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

US Bank Debuts Two Secured Credit Cards

PYMNTS

Bank on Tuesday (Oct. 12) rolled out two new secured credit cards, according to a CNBC report, giving consumers the ability to get a credit card without a high credit score. The U.S. Bank Altitude Go Visa Secured Card and U.S.

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Stripe, Hubspot, And JP Morgan Are Buying Audiences. Why Acquiring Media Companies And Communities Is About To Explode

CB Insights

Over the last month or so, JP Morgan has purchased 2 content/media assets. In early September 2021, it bought The Infatuation, a publisher that offers reviews and recommendations on restaurants in 50 cities across the USA and internationally.

Bottomline Unveils Bank Payments Tracking Service via Swift API

PYMNTS

Bottomline, which provides financial technology to simplify business payments, has announced a new application programming interface (API)-based payments tracking service, according to a press release.

Tools 205

Umpqua, Columbia merging to create $50 billion-asset West Coast bank

American Banker

M&A Commercial banking

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Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

Apple Eyes Cutting iPhone Production by 10 Million Units

PYMNTS

Apple, facing chip shortages, will likely cut the projected iPhone 13 production targets for the year by as many as 10 million units, Bloomberg reported. The company was looking at producing 90 million new iPhone models in the final three months of the year.

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Umpqua, Columbia set long timeline for completing merger

American Banker

M&A Commercial banking

64

Is NerdWallet Worth $5B? Analyzing Personal Finance Education & Content Valuations And Multiples

CB Insights

Last week, NerdWallet filed to go public. The company was bootstrapped for many years before ultimately raising multiple funding rounds from the likes of RRE Ventures and Institutional Venture Partners, among other investors. NerdWallet’s market.

Wage increases undercut banks’ push to cut costs

American Banker

Expense management Commercial banking Compensation

The Business Value of MLOps

As machine learning models are put into production and used to make critical business decisions, the primary challenge becomes operation and management of multiple models. This report highlights some of the most impactful benefits of MLOps tools.