Bank Innovation
DECEMBER 12, 2017
EXCLUSIVE – American Express is the latest card provider to get rid of signatures as a form of authentication for point-of-sale transactions. This will go into effect in April of next year and applies to all American Express-accepting merchants across the world, the company announced. The move comes as no surprise with more and more card […].
Chris Skinner
DECEMBER 12, 2017
I seem to grapple daily with the same or similar questions: how to regulate things that don’t recognise boundaries; how to structure a world that is unstructured; the role of authorities in a democratised planet; is there such a thing as money without government? I haven’t answered these questions but … The post Much to learn, you still have appeared first on Chris Skinner's blog.
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Bank Innovation
DECEMBER 12, 2017
Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today. The platform, called “Mastercard Assemble,” is described as a “prepaid innovation hub” which allows Mastercard partners or issuers to provide checking, budgeting, and payment features, as well as additional money management […].
Payments Dive
DECEMBER 12, 2017
Consumers want optimal value for the money they spent on a product. But when that doesn't go their way, expect backlash in a huge way.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Bank Innovation
DECEMBER 12, 2017
The total number of card payments across the globe will reach 483 billion by 2022, more than double the rate that card numbers will grow, a study by London-based research firm RBR found. Card payments will more than double by that time with a growth of 56%, according to the study, which was released yesterday. […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 12, 2017
Cryptocurrency investment firm Bitwise today raised $4 million in seed funding. Investors in this round included Kholsa Ventures’ Keith Rabois, General Catalyst’s Hemant Taneja, Blockchain Capital, Naval Ravikant, Suna Said, Adam Ludwin, Adam Nash and Elad Gil. Based in San Francisco, Bitwise is an investing fund that focuses on the top 10 cryptocurrencies by market […].
PYMNTS
DECEMBER 12, 2017
Ambitious retailers don’t want to stay locked in one lane, but rather to spread to new audiences, new product types and more — and payments-powering companies are stepping up to give them the lift they need to reach these expansion dreams. The December edition of the PYMNTS Payments Powering Platforms Tracker , a WePay collaboration, features the latest insight from the CEO of AmeriCommerce, a major player in the eCommerce platform space, and the latest headlines from the space.
Bank Innovation
DECEMBER 12, 2017
Cybersecurity startup Menlo Security has raised $40 million in a new funding, it announced yesterday, with investors including American Express and HSBC participating in the round. The Series C round brings the company’s total funding to $85.5 million, according to data from CrunchBase. Menlo protects its clients from attacks via malware by preventing users from […].
PYMNTS
DECEMBER 12, 2017
Faster and real-time payments are generally considered a benefit for the consumer payments world. But with the U.S. finally making inroads in its faster payments initiatives, it’s now time to see whether faster payments will make their way into the B2B sphere too. Released last week, December’s PYMNTS Faster Payments Tracker , powered by NACHA , tracks progress of faster payments initiatives throughout the U.S.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
Bank Innovation
DECEMBER 12, 2017
EXCLUSIVE- Point-of-sale lender Affirm raised $200 million in a new funding round, bringing its total equity funding to $450 million. The Series E round was led by Singapore’s sovereign wealth fund GIC. Other investors included Khosla Ventures, Lightspeed Venture Partners, Founders Fund, Spark Capital, Caffeinated Capital, Ribbit Capital and others.
PYMNTS
DECEMBER 12, 2017
Payments processor American Express announced Monday (Dec. 11) that it will stop requiring merchants to collect signatures for purchases at the point of sale (POS). In a company press release, American Express said the changes will take effect beginning in April 2018 and will apply to all merchants accepting American Express worldwide. The move will provide a more consistent and speedier in-store checkout experience for merchants and American Express cardholders.
Bobsguide
DECEMBER 12, 2017
Digital Transformation is taking place in every industry, and the extent and pace of change in financial services is truly breathtaking. “In-Memory Computing for Financial Services eBook, Part 1” published by GridGain Systems, explored how in-memory computing platforms such as.
PYMNTS
DECEMBER 12, 2017
Joseph Borg, president of the North American Securities Administrators Association warned on Tuesday (Dec. 12) that bitcoin has entered the “mania” phase, with some people taking out mortgages just to purchase the cryptocurrency. In an interview with CNBC , Borg said that bitcoin shares are on the “mania curve” and that there has to be a leveling off at some point.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bobsguide
DECEMBER 12, 2017
Whilst blockchain has been knocking on the mainstream’s door for some years, it was only arguably as recently as this Sunday that it was allowed a significant foot in. In from the cold and finally joining AI, Big Data and the Cloud around the fire, the announcement on Sunday that CBOE was.
PYMNTS
DECEMBER 12, 2017
Paper checks for domestic suppliers, wire transfers for international ones. That’s the status quo in corporate payments, and it’s not only creating friction for the business payer; it’s creating headaches for small business (SMB) accounting too. And as more small business accountants are struggling to meet expectations to act as strategic advisors to their clients, friction associated with manual payments can be an obstacle to growth.
Let's Talk Payments
DECEMBER 12, 2017
It was a big year for FinTech in 2017 – and 2018 is shaping up to be every bit as exciting. Here are some FinTech predictions for 2018: Bitcoin and.
PYMNTS
DECEMBER 12, 2017
Movie theater subscription service MoviePass and Fandor , an independent film and documentary streaming service, will be promoting a limited-time option in conjunction with bulk retailer Costco. A one-year subscription package will be offered exclusively to Costco members and will cover membership for both the MoviePass and Fandor platforms. Subscribers through the Costco partnership receive instant digital access to Fandor’s library and in-theater experiences through MoviePass.
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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
Let's Talk Payments
DECEMBER 12, 2017
There are currently between 2.9 million and 5.8 million unique users actively using a cryptocurrency wallet, according to a study performed by the Cambridge Centre for Alternative Finance. Despite the.
PYMNTS
DECEMBER 12, 2017
Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. These seemingly harmless customer services are being used as currency in an unlikely and dangerous economy that is supporting the drug habits of people who suffer from opioid addiction.
Insights on Business
DECEMBER 12, 2017
The one constant in every compliance professional’s life today is an abundance of pages. Thousands upon thousands of often complex and intellectually challenging rules, regulations and policies that dictate the boundaries of how financial institutions behave. Whether it’s the Dodd-Frank Act, which spans more than 22,000 pages, or MiFID II, which is quickly approaching the 15,000 mark, many compliance officers in today’s financial services environment simply can’t keep up at the high level of exc
PYMNTS
DECEMBER 12, 2017
The holiday season is always a busy shopping period, but this Dec. 22, the last Friday before Christmas Eve, could shape up to be the busiest day of the year for retailers. That’s according to Interac Association and Acxsys Corp., a partnership which released its data on the holiday shopping season Monday (Dec. 11). In a press release, Interac said that based on point-of-sale data, Canadians made more than 24 million transactions and spent more than $1.2 billion on the last Friday before Christm
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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
Payments Source
DECEMBER 12, 2017
While much has been said about the "total supply" of bitcoin as a fixed amount, the reality is that "hard forks" in the Bitcoin blockchain have eliminated this limit, writes Mariam Nishanian, a spokesperson for Dentacoin.
PYMNTS
DECEMBER 12, 2017
Some things about holiday shopping trends will never change, Mastercard’s Sarah Quinlan told Karen Webster in their annual discussion of the trends to watch for the holiday season. Women in 2017 will do the bulk of the family’s holiday shopping – to the tune of 75 percent. Men will pick up their remaining 25 percent at the last possible minute – this year, that will be either the Saturday before Christmas or Christmas Eve itself.
Payments Source
DECEMBER 12, 2017
Banks and fintechs are competing heavily to modernize cross-border payments, and Citi is using its upgraded treasury unit add speed to its own international cross-border digital payments capabilities in more than 60 countries.
PYMNTS
DECEMBER 12, 2017
Citi’s Treasury and Trade Solutions is expanding its international ACH payments service capabilities for corporate customers. The financial institution announced news on Monday (Dec. 11) that its WorldLink Payment Services has added 10 new countries with which it can facilitate cross-border payments; the markets are across the EMEA (Europe, Middle East and Africa) region, said Citi.
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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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