Tue.Aug 03, 2021

Apple To Use Affirm In Canada For BNPL Purchases

PYMNTS

Apple intends to roll out a Buy Now, Pay Later (BNPL) service in Canada with Affirm ’s PayBright , according to Bloomberg, which sees the big tech giant branching out into other financial services. The program will be for sales of Apple devices in Canada.

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How to make empathy part of UK banks’ digital skillset

Accenture

In this short series of blogs I’m exploring how the behaviour of UK financial services customers has changed amid the pandemic.

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Chinese Cryptocurrency Tied To More Than $2B In Crime, Scams

PYMNTS

Chinese cryptocurrency is the latest involved in a rash of illicit activity involving $2.2 billion in digital payment tokens used in scams and dark internet operations over a two-year period.

The Libor Absurdity Continues

SWBC's LenderHub

"Each year, the Great Pumpkin rises out of the pumpkin patch that he thinks is the most sincere. He's gotta pick this one. He's got to. I don't see how a pumpkin patch can be more sincere than this one. You can look around and there's not a sign of hypocrisy.

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.

Lloyds Bank Teams With Visa To Offer Straight-Through Processing For Commercial Clients

PYMNTS

Lloyds Bank said Tuesday it would team with Visa to equip clients in Europe using its corporate charge cards with straight-through processing (STP) technology. The technology makes paying invoices more efficient while giving buyers and suppliers the traditional advantages of commercial card payments.

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Under Armour Beats Q2 Expectations Despite eCommerce Drop

PYMNTS

Under Armour reported on Tuesday (Aug. 3) a better-than-expected 91 percent increase in year-to-year revenue to $1.4 billion for the three-month period ending June 30 despite an 18 percent fall in eCommerce sales in the quarter.

Square announces its largest-ever acquisition

BankInovation

Square announced Sunday that it would acquire Australian fintech Afterpay for $29 billion, its largest acquisition to date. Afterpay, a Buy Now Pay Later (BNPL) service, allows customers to break up a transaction into installments.

Low Cost, Real Time Cross Border Payments Set Sights On Credit Card-Linked Transfers

PYMNTS

The stage is set for a new era of cross-border payments to take hold that will not only be more streamlined and faster than existing methods but cheaper too. These advances, however, will also come with a cost.

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Listen: How banks can protect themselves against cybersecurity risks

BankInovation

Ransomware attacks are on the rise across all industries, with financial institutions being a favored target given the customer information and access to cash.

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.

Mastercard Moves To Eliminate ‘Fiat Burden’ And Compliance Worries From Crypto Cards

PYMNTS

To get crypto cards into the hands of the masses, to get them spending in commercial and retail use cases. well, the cards have to be issued first.

Carlyle to invest in Abrigo at $1 billion-plus valuation

BankInovation

Abrigo, an Accel-KKR-backed software provider for financial institutions, has secured an investment from private equity firm Carlyle Group Inc.

Today In Food: Consumers Order More Takeout, Fewer Meal Kits

PYMNTS

Today in restaurant and grocery news, PYMNTS data finds that off-premise channels make up the bulk of quick-service restaurants’ business, while Blue Apron is losing ground with its customer base. Plus, Athletic Brewing’s CEO discusses the rise of nonalcoholic beer.

Nebraska bank teams with fintech to help businesses avoid cash crunches

American Banker

Fintech Community banking Commercial banking Small business

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.

Consumers Tap Same-Day Salary, Bill Pay, BNPL To Ease Paycheck-to-Paycheck Cash Crunch

PYMNTS

For all the rapturous reports we read these days about the economic recovery, the fact remains that more than half of American households are currently living paycheck to paycheck — including many that earn more than $100,000 per year.

Why smaller banks may follow megabanks' lead on climate disclosures

American Banker

Regions Bank Climate change Risk management ESG

AI Integration With Email Marketing Could Reduce Shopping Cart Abandonment

PYMNTS

When Google stepped in last week with its new Retail Search product, it put a spotlight on the retail industry’s abandonment issues, wherein U.S. merchants lose out on $300 billion in sales because consumers can’t find what they’re searching for.

OCC chief's climate focus riles GOP senator

American Banker

Senate Banking Committee OCC ESG Biden Administration Financial reform

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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!

With New Fee, Amazon Risks Losing Online Grocery Shoppers To Competitors

PYMNTS

As many grocery delivery services compete to offer the lowest prices, Amazon is taking a very different approach. The company informed shoppers on Monday (Aug. 2) that it is adding a $9.95 service charge for Prime members ordering from Whole Foods Market in five U.S.

Prepaid cards fill gaps in Canada's banking market

American Banker

Canada Prepaid cards

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Consumer, Merchant Appetite For Efficiency Drives 2nd Wave Of Payment Orchestration

PYMNTS

Payments regulation can feel like a new entrant on to the global scene, given the sheer number of headlines it has suddenly started turning up in over the last few years.

Credit card balances rebounded slightly in second quarter, N.Y. Fed says

American Banker

Consumer lending Coronavirus Credit cards

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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.

New Data: Average Quick Service Restaurant Now Takes Up To 75 Pct Of Orders Remotely

PYMNTS

Necessity, as we’ve often heard, is the mother of invention, although one could exchange “innovation” for “invention” and the point is made just as well.

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This Andreesen Horowitz-Backed Company Raised $120M To Enhance Its Digital Bank

CB Insights

Mercury , a fintech company, has raised $120M in a Series B. The round drew participation from Coatue Management, Andreessen Horowitz, CRV, and Sapphire Ventures, among others. In a separate transaction, the company is also aiming to source $5M from equity crowdfunding platform WeFunder.

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UK’s Palta Nets $100M To Scale Preventive Healthcare Products

PYMNTS

Health and well-being tech company Palta has announced it has raised $100 million in a Series B round. Palta’s products deliver preventive health care, offering technological solutions to a variety of health issues and lifestyle fixes.

UK finance giants plan to buy out fossil fuel plants in order to shut them

TheGuardian

Climate campaigners say HSBC’s involvement is ‘cynical’ attempt to distract from investments in coal power A group of the UK’s biggest financial institutions plan to hasten the phasing out of coal power in Asia by buying out fossil fuel plants in order to shut them down within 15 years.

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.