Tue.Nov 23, 2021

Comptroller of the Currency Backpedals on Rulings Allowing Banks to Handle Crypto

PYMNTS

On the surface, it sounds good. Acting Comptroller of the Currency Michael Hsu confirmed that banks can hold cryptocurrencies for customers, can hold dollar reserves for stablecoin issuers and can use stablecoins to make payments. In reality, the Nov.

Bank earnings call highlights: Q3 2021

Accenture

Credit card receivables & purchase volume YoY growth: 3Q21 Click/tap on image to enlarge. Average Receivables in Billions. Note: Citi inclusive of both Branded and Retail Services. AXP is Revolving only. SYF A/R is Retail Card, NCL is total company.

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Counting Bitcoins: OneRepublic First Major Artist Paid in Bitcoin for Vienna Show

PYMNTS

The “Counting Stars” band OneRepublic performed last week just outside of Vienna and was paid entirely in bitcoin, the first American major artist to accept cryptocurrency, according to multiple reports Monday (Nov.

Crypto oversight road map is set by U.S. banking regulators

BankInovation

banking agencies have issued a to-do list of their plans to tackle oversight of the cryptocurrency industry next year.

Your Guide to Using Conversational Marketing to Drive Demand Generation

What is conversational marketing really about? This guide will examine the market forces at play, shifting buyer trends, how to leverage conversation marketing, and the tactics involved in adopting it for a B2B demand generation strategy.

India Again Announces Plan to Ban Cryptocurrencies as Digital Rupee Moves Ahead

PYMNTS

After months of discussions and rumors that it was taking a less hostile stance on cryptocurrencies, the government of Prime Minister Narendra Modi re-introduced legislation Tuesday (Nov. 23) that would impose an outright ban on digital currencies.

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Booking Holdings to Buy Flight Booking Provider Etraveli Group for $1.8B

PYMNTS

Booking Holdings has announced an agreement with CVC Capital Partners to buy Etraveli Group, a global flight booking provider for 1.63 billion euros (about $1.83 billion), to help offer frictionless flights, according to a Tuesday (Nov. 23) press release.

Groups 234

Neobanks, fintechs up the ante on gig economy, microbusiness services

BankInovation

The opportunity is ripe for neobanks and fintechs offering targeted services for gig workers, freelancers and microbusinesses, a labor market that has spiked in number since the onset of the COVID-19 pandemic.

One-Click Payment Experience Drives BNPL Adoption by European Consumers

PYMNTS

Playing in the big leagues. That’s the brand-new reality for buy now, pay later (BNPL) firm Twisto following its acquisition by global Aussie BNPL company Zip.

Congress expands probe into fintechs’ role in PPP fraud

American Banker

Fintech Fraud Commercial banking

Fraud 71

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Best Buy Tightens Security, CEO Warns of Impact on Employee Retention

PYMNTS

Best Buy CEO Corie Barry said she thinks a glut of thefts could end up having a ripple effect on employee retention, CNBC reported. Best Buy has seen a trend of people entering its stores to steal consumer electronics, sometimes bringing weapons along, Barry said in the report.

OCC: Banks must prove they can manage stablecoin, crypto risk

BankInovation

The Office of the Comptroller of the Currency today published a legal interpretation of letters issued in July and October 2020, and January 2021 to clarify that a bank may legally engage in certain cryptocurrency, distributed ledger and stablecoin activities, if it can demonstrate to the supervisory office this can be done in a “safe […].

Malicious Shopping Bots Top the Naughty List for Holiday 2021 eCommerce

PYMNTS

From the apocalyptic AI of Marvel’s Ultron to the time-traveling homicidal programming of “The Terminator,” we can all agree that movie robots are often creepy. And while real code-based bots are embedded in eCommerce for all the right reasons, shopping bots can also be bad.

Study 228

Banks combat rising threat of fake websites

American Banker

Cyber security

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.

Beauty Product Brands See Consumer Payment Choice as Driver of Global Sales

PYMNTS

The pandemic continues to shift the mindsets of merchants and consumers alike, resulting in a proliferation of online marketplaces and a greater number of digital transactions around the world.

Inside Marketing: Maximizing ROI With Digital Branding

William Mills

2 areas of consideration for enhancing your credit union’s digital presence in 2022. While the age of the average credit union member remains in the mid-40s, it is important to recognize that this age range is no longer held strongly by Gen X.

Field Service Management Software Platform simPRO Snags $350M, Acquires ClockShark, AroFlo

PYMNTS

Global field service management software platform simPRO has nailed down a $350 million investment and announced a pair of acquisitions, according to a Tuesday (Nov. 23) press release.

Why a small Florida lender built its account-opening software in-house

American Banker

Digital banking Fintech Community banking Technology

LinkedIn + ZoomInfo Recruiter: Better Data for Better Candidates

Check out our latest ebook for a guide to the in-depth, wide-ranging candidate and company data offered by ZoomInfo Recruiter — and make your next round of candidate searches faster, more efficient, and ultimately more successful.

Expensify, Going Public, Touts Payments Super-App as Goal

PYMNTS

Expense management software company Expensify has gone public, and Founder David Barrett has said in a letter that he thinks the company will succeed because of its goals to be a “financial social network.”.

Cards 219

OCC to banks with crypto plans: Check with your regulator first

American Banker

Politics and policy Cryptocurrencies

Voice Assistants Give Banks a Powerful Digital Channel to Improve Customer Experience

PYMNTS

“Alexa, bring banks customers.”. Only five years ago — what seems like a pre-pandemic lifetime — PYMNTS hosted its Alexa Challenge. The event was geared toward bringing teams of developers to reimagine how the virtual assistant could make commerce, and banking, a bit easier.

Has White House made it harder to install next Fed regulatory chief?

American Banker

Senate Banking Committee Biden Administration Politics and policy

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.

EMEA Daily: Delivery Startup Getir to Buy UK Rival Weezy; Circle Invests $10.5M in UK’s Crowdcube

PYMNTS

In today’s top Europe, Middle East and Africa news, Turkish delivery startup Getir is set to buy U.K. rival Weezy, and Circle uses USDC to invest $10.5M in U.K.-based based Crowdcube.

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Kansas City Fed issues research briefing on buy now, pay later

CFPB Monitor

The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”. The briefing divides buy now, pay later (BNPL) products into two main types based on how they are offered to consumers.

Singapore-Based BNPL Firm Pace Nets $40M in Series A Funding

PYMNTS

Singapore-based buy now, pay later (BNPL) company Pace notched?$40 40 million?in in its Series A investment round, according to a recent press release. The round saw participation from investors in Singapore, Japan, South Korea and Taiwan, including UOB Venture Management ,? Marubeni Ventures ,?

Where Do Credit Unions Stand With Vaccine Mandates?

New York's State of Mind

In September the President took two dramatic steps in response to COVID-19, both of which are now subject to litigation: He issued an Executive Order requiring all executive branch agency employees and their contractors to get vaccinated. Secondly, he ordered OSHA to promulgate emergency workplace safety standards mandating employers with 100 or more employees require […].

A Recruiter’s Guide To Hiring In 2021

With vaccination rates rising, consumers spending more money, and people returning to offices, the job market is going through a period of unprecedented adjustment. As the New York Times observed, “It’s a weird moment for the American economy.” And recruiting professionals are caught in the middle. To make the most of this disruption, you need to understand the economic drivers, develop a strong strategy for unearthing valuable talent, and use the latest tech tools to get the job done. Read this guide to get your recruiting practice ready to thrive in the new normal.