Fri.Sep 07, 2018

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Podcast Episode 9: USAA's focus on mobile banking tech for military needs

Payments Dive

Host Will Hernandez, discusses USAA's unique branch-less mobile banking system, which services the U.S. military. USAA is typically on the cutting edge of mobile banking, and Phil Leininger, the GM of Omnichannel Sales & Service of USAA, talks about their advancements in mobile technology.

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After Claims of ‘Fake News,’ Goldman to Offer Bitcoin Derivative, CFO Says

Bank Innovation

Goldman Sachs CFO Martin Chavez said a report that stated the bank was closing or delaying its cryptocurrency trading desk was "fake news." This information appeared on Bank Innovation and across business media yesterday. Chavez told the audience at TechCrunch Disrupt yesterday (video here) that desk or no desk, Goldman will continue its exploration of […].

Bitcoin 150
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The Dark And Deep Web, Illuminated – Maybe Not As Dark As It Seems

PYMNTS

The dark web – it’s easy to view it as murky, an ocean of illicit activity, with swarms of bad actors acting badly, trading stolen data for – maybe – stolen dollars. Then again: Might there be some usefulness amid the murk? CNBC reports that, yes, the dark web may harbor a reputation of hiding an underground economy or economies, where commerce dabbles in everything from stolen financial records to firearms.

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Data: Real-time payments go corporate

Payments Source

New architecture for real-time payments went live in recent months in key global markets, expanding B2B payment options for financial institutions and their corporate customers.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Stripe Says Developers Are Economy’s Most Precious Resource

PYMNTS

If one were looking at the economy a decade ago, Stripe COO Claire Hughes Johnson told Karen Webster, the biggest challenge businesses faced in growing was clear: access to capital. Ten years ago, the economy was in the midst of the “Great Financial Crisis,” and businesses were reeling from the credit crunch that came along for the ride. The last 10 years have changed the playing field a lot.

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New Netflix Hire Signals Contextual Commerce Focus

PYMNTS

Imagine this: You are watching a movie or TV show at home —it’s been a long week and you are vegging out, a glass a wine on the table — and you decide you like a shirt worn by one of the characters, or that you enjoy a particular documentary so much that you want to further explore the subject via a book. You use your remote or mobile device to make such a purchase before giving all your attention back to the action on the screen.

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Challengers must seize Open Banking opportunity

Bobsguide

The open banking world has been greeted with mixed reactions, with enthusiasts pointing to better improved customer propositions and sceptics concerned about security. But few could disagree that the new measures place the customer in a solid position of power. With the CMA ranking banks on the.

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Visa Highlights Contactless Payments At New York Fashion Week

PYMNTS

To help consumers experience new ways to pay, Visa has announced a new relationship with New York Fashion Week: The Shows. Through the on-site experience, consumers will be able to tap to pay with contactless cards and devices, the company said in an announcement. “We are constantly exploring sponsorship opportunities to help us diversify our brand and reach new audiences, while delivering experiences that drive business priorities,” Mary Ann Reilly, senior vice president for North America marke

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How to prevent ATM cash-out attacks in your payments environments

ATM Marketplace

Whether you are a financial institution or payment processor, having end-to-end visibility into your payments systems is mandatory when it comes to preventing ATM cash-out attacks.

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The State of Automation in Financial Services 2024 Report

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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PaymentVision Teams Up With MoneyGram For Walk-In Bill Payments

PYMNTS

To provide streamlined walk-in bill payment services, PaymentVision is teaming up with MoneyGram. PaymentVision provides merchant processing and offers electronic payment processing technology for a variety of verticals, the company said in an announcement. PaymentVision Vice President of Marketing Eugene O’Rourke said the new partnership makes “it easy for consumers to reliably process cash payments in-person at thousands of walk-in bill payment centers across the nation and seamlessly post act

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British Airways hack leaves airline open to fines under tough data rules

Payments Source

British Airways may become the first high-profile company to face Europe’s far-reaching data privacy rules that come with potential fines after a computer hack compromised credit card data from some 380,000 customers.

Data 64
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Sinemia Tries To Pick Up MoviePass’ Slack

PYMNTS

People don’t just go see a movie when they go out to the movies. They eat dinner in a restaurant. They snack on popcorn. They have cocktails before the coming attraction starts or after the end credits roll. They treat it as a date. They bring the kids and treat them to a special outing. Movies are about more than movies — and that’s what’s driving Rifat Oguz, CEO and founder of Sinemia , as he not only tries to exploit an opening left by a rival ticket subscription service, but as he plans out

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Standard Cognition’s cashierless store goes live

Payments Source

Standard Cognition has opened its first cashierless store to the public on Market Street in San Francisco and it’s testing the concept by selling an assortment of food and household products for consumers to purchase and pay without scanning or stopping to check out.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Investors Back Portal Finance’s Multi-Pronged Approach To SMB Finance

PYMNTS

Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. Take Udaan , for example, an Indian B2B eCommerce startup that plans to use its latest venture capital raised to introduce business financing and warehousing solutions for its corporate customers.

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9.7.18 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web: Apple Pay stalls in India; Walmart's grocery partner; FIDO's new program; and more.

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Nigeria’s Mobile Wallet Paga Snags $10M, Expands Cross-Border

PYMNTS

Nigerian digital payments startup Paga has received $10 million in funding as it prepares to expand into other countries. CEO Tayo Oviosu announced at Disrupt San Francisco, according to reports , that the company is planning to release its payments product in Ethiopia, Mexico and the Philippines as it plans to compete with heavy hitters, such as PayPal , Alipay and Safaricom’s M-Pesa.

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Risks of credit-scoring bill are overstated

Payments Source

Legislation allowing regular bill payments to count toward credit history would solve more problems than some critics fear it would create.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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Investors Target B2B FinTech Firms That Multitask

PYMNTS

There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. The largest investment rounds landed at companies offering full-suite services, like South Africa’s Yoco , which offers small business enterprise software, performance analytics and a poin

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Google Pay: Evolution, implementation, and future prospects

The Paypers

(The Paypers) The Paypers interviews Mounir Mouawad, Head of EMEA Product Operations at Google Pay , to understand the benefits of Google Pay for merchants.

Google 50
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TRENDING: The Overdue Overhaul For Insurance Settlements

PYMNTS

In the aftermath of an accident or loss, filling out an insurance claim is never an enjoyable experience. However, when that time comes, consumers want, and expect, to be able to access their funds quickly so they can afford to pay for recovery and repairs — and get back to normalcy. Unfortunately, it’s rarely so simple. Insurance settlements have long been processed by legacy payment methods and often entail lengthy processing times — pain points which often keep customers from quickly accessi

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Flowers by the Lake: Karuturi and the Bankers

Bankelele

Kenya is known as one of the giants of the giants of the fresh flower world, producing roses, lilies and other carnations that are freighted around the world to be used as gifts, tokens of affection, and to spruce up weddings, offices and restaurants. A large share of these flowers come from farms around Lake Naivasha, […]. The post Flowers by the Lake: Karuturi and the Bankers appeared first on Bankelele.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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ECB Wants ‘Single Agency’ For AML Enforcement

PYMNTS

Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering (AML) rules. To that end, the bank recommends that the bloc make a “single agency” for the task as the ideal solution, the Financial Times reported. Executive Board Member Benoît Coeuré said that ECB would “support any initiative that would lead to a more harmonized and also more coordinated approach” for enforcement of EU rules.

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Verified launches to authenticate products and people

The Paypers

(The Paypers) Verified has launched as a blockchain based product with the aim to let everyone create digital IDs for their products, verify ownership, and track and authenticate transfer of property.

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Publix: 88 Years In Grocery And Looking To Grow

PYMNTS

Outside the southeastern United States, Publix is neither a household name, nor an everyday experience. A highly regional grocery store chain, it’s only known in the six states where it actually operates. Among those who do know Publix, the affinity is incredibly strong. Consumers report driving vast distances to get there and making real estate decisions based on their home’s proximity to a Publix.

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TIPO to help merchants open shops without startup capital

The Paypers

(The Paypers) TIPO , a blockchain-based ecommerce platform, has turned to blockchain to aid businesses become more efficient, while enabling users on social media to generate income easily.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.