Mon.Sep 13, 2021

Capital One Eyes Testing BNPL Waters With POS Offering


Capital One will be testing out a buy now, pay later (BNPL) product as consumer loans see rising competition, Reuters reported. FinTech firms have been enabling merchants to offer cheap financing for purchases, the report stated.

7 Highlights from the Latest FDIC Quarterly Banking Profile


Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. You might also like this webinar: "The Basics of Consumer Lending." WATCH. Banking Data. Summary of the Latest FDIC Quarterly Profile.

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Mastercard, Dubai Asset Management Team on Expanding Use of Payments App in UAE


Mastercard is keeping an arrangement going with Dubai Asset Management in order to promote more robust digital payments in the UAE, a press release says. The release says this partnership will reward residents in numerous residential communities in that area by helping to enhance technology.

Part 2 Twitter’s moves in Bitcoin

Daily Fintech

Jack Dorsey, CEO of Twitter, is on record as a Bitcoin fan. As such he is also a fan of Lightning Network and on June 11 he tweeted that “it is only a matter of time” to integrate the Lightning Network into Twitter. For more on Lightning Network, see our 4-part series. This is a […].

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.

Mastercard’s CipherTrace Deal Brings Trust and Blockchain Forensics to Crypto Space


As crypto and digital currencies take shape — where bitcoin, blockchain, CBDCs and stablecoins jostle against one another for pre-eminence — there needs to be the proverbial adult in the room. By which we mean: The someone who makes sure that things are safe, secure and trusted.

More Trending

PayPal’s Jim Magats: SMBs Must Meet Customers Across Connected Economy’s ‘Four Domains’


In the connected economy, consumers want to simplify how they access the many things that were once resident in individual apps on their phones.

Market Commentary: Week of September 13, 2021

SWBC's LenderHub

Last Week. It was a tough week for stocks as the S&P 500 fell every day of the holiday-shortened trading week. The drumbeat of Wall Street equity analysts and strategists calling for a chilly fourth quarter got louder and louder as the week went on.

Crypto Firms Still Struggle to Comply With AML Regulations


The cryptocurrency industry continues to gain momentum around the world, but a “significantly high” number of U.K. cryptocurrency firms have failed to meet regulations aimed at curbing money laundering, according to the country’s Financial Conduct Authority (FCA).

Designing a Useful, Usable, and Desirable Digital Payments Experience

SWBC's LenderHub

We’ve all heard the term user experience (UX) a lot in recent years, but what does UX actually mean for financial institutions and their digital payments platforms ? In this blog post, we’ll let you know why UX design should be a vital part of your digital strategy.

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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.

Automation Can Do For SCA Compliance What Human Hands Cannot


Digital transactions are quickly becoming the norm, with trillions of dollars crisscrossing the globe via the internet. Securing this fast-growing market is the EU’s Revised Payment Services Directive (PSD2) objective, particularly its Strong Customer Authentication protocols.

3 tenets to automating better and faster


Banks have made substantial investments to make their businesses more resilient, which helped many withstand the worst impacts of the pandemic. But the transition to digital strategies and processes still rates as a big risk, ranking fourth in a recent EY survey of bank chief risk officers.

Apple Fixes Flaw That Was Causing Software Breach Since February


Apple has put out a new security update to fix a flaw that caused a software breach for months, The Wall Street Journal (WSJ) reported Monday (Sept.

Bank of America partners with Indian school for new innovation center


As the pace of automation innovations accelerates, Charlotte, N.C.-based based Bank of America is partnering with the Indian Institute of Management Ahmedabad (IIMA) — India’s premier global management school — to launch the Centre for Digital Transformation.

Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

55% of Consumers Are Too Scared to Store Their Payment Details Online


The data breaches that have grabbed headlines and seemed to increase in frequency during the pandemic have kept consumers on their toes when it comes to storing data with merchants.

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Big banks emphasize diversity in capital markets deals

American Banker

Diversity and equality Commercial banking Capital markets

Square Sellers Can Accept Payments With Cash App Pay


Sellers on Square can now accept payments through Cash App Pay, a new contactless payment method for online and offline transactions. The company announced the new payment method on its website Monday (Sept.

Why some backers of student lending product welcome CFPB crackdown

American Banker

Enforcement Regulation and compliance CFPB

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!

As Ant Reconfigures Loan Business, China’s SMBs Could See Credit Headwinds 


When companies are refashioned not by competitive forces but by government fiat, the ripple effects can be broad — and, for at least some stakeholders, decidedly negative. Alibaba’s Alipay is being broken up and reconfigured, per government efforts.

Rural Georgia bank primed for growth under new ownership

American Banker

Community banking M&A

New Data Cites Flexibility, Discounts As Top Retail Subscription Churn Fighters


The 18 months since March 2020 have been a veritable boom for retail subscription services. The sector has seen unprecedented growth in that time, with 142% more consumers having at least one retail subscription service than just one year ago.

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Facial recognition tech is catching on with banks

American Banker

Digital banking Cyber security

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.

In-Store Ghost Kitchens Turn Walmart Into Uber Eats Competitor


As restaurant aggregators compete to stand out in the crowded space, and with supermarkets pouring resources into setting their digital grocery offerings apart, Walmart is cutting out the middleman and heading straight for the top.

Key Week for CUs and Congress

New York's State of Mind

This may be the week when we find out if the Democrats’ spending plan will come to fruition or is destined to be the legislative equivalent of Novak Djokovic’s attempt to achieve the Grand Slam: a historic undertaking which crashed and burned. Either way, the outcome could have important practical implications for your credit union. […]. Federal Legislation Mortgage Lending Political $3.5 trillion 1099-INT CDFIs Congressman Richard Neal CUNA IRS Senator Joe Manchin

High Touch Beauty Industry Gets Bump From Touch Free Digital Payments


When much of the U.S. shut down because of the pandemic in March 2020, the hands-on nature of the hair and beauty industries saw them hit particularly hard, according to Kate Kirk , a vice president in U.S. Merchant Marketing at American Express.

Your bank is probably squandering a huge source of customer data

American Banker

Customer data Customer service

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Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.