Mon.May 13, 2019

Does your bank look like this?

Chris Skinner

Henry Ford famously stated: “If I had asked people what they wanted, they would have said faster horses.” Of course they would, as they had no idea what anything else was. In fact, I use this story often as a Victorian vision of the future was a steam-powered robot horse.

Course 314

Visa: US Starting To Close The Contactless Gap

PYMNTS

Globally, tapping to pay with contactless cards has taken off remarkably, and the U.S., after years of lagging behind, is starting to catch up, according to a new blog post from Visa. “We’re We’re excited to share that tapping to pay is becoming a reality across the U.S.,

US 284

FIs Have Big Plans for AI. Supporting Networks? Not so Much

Bank Innovation

Despite the investment that financial institutions already are making or planning to make in emerging technologies like artificial intelligence, 46% of IT leaders in the industry have yet to develop a clear strategy to modernize their network, a new AT&T survey found.

Survey 141

As P2P Payments Spreads Its Wings, Challenges Loom

PYMNTS

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers.

InComm, Mastercard Partner for Wearable Devices

Bank Innovation

InComm, a payment technology company, and Mastercard are trying to make brick-and-mortar store payments seamless and secure. Last week, InComm announced that its prepaid MyVanilla Mastercard now works on certain FitBit and Garmin devices.

Why FIs Are Laser-Focused On Corporate Credit Innovation

PYMNTS

Innovation has been the name of the game for financial institutions (FIs) large and small in recent years.

SoftBank Makes $800 Million Bet on U.K. Financier Greensill

Bank Innovation

SoftBank Group Corp.’s s Vision Fund is betting $800 million on Greensill in its second big investment in a U.K. financial services firm this year. The investment values privately held Greensill at about $3.5 billion, founder Lex Greensill said in an interview on Bloomberg Television on Monday.

Groups 141

More Trending

Deloitte Report Identifies Unmet Cybersecurity Risks

Bank Innovation

In an age of technological advancement, banks are striving to keep up with the risks that are inherent to innovation. For consumers, it raises important questions of how financial institutions are fighting these risks.

Report 141

SMB Accountants Pull Data Integration To The Top Of Their Priority Lists

PYMNTS

The rise of small business (SMB) accountants as financial advisors to their clients has emerged in parallel with a surge of back-office software solutions.

Data 234

Strengthening Our Salesforce Capabilities with Sundog Interactive

Perficient Financial Servies

Today, Perficient announced it is planning to acquire Sundog Interactive, an award-winning marketing and technology consulting firm that delivers Salesforce solutions to the world’s leading manufacturers.

UX 131

SMBs Struggle To Cope With New Trade Tariffs

PYMNTS

Small businesses have sent out a warning to the Trump administration over new tariffs being levied on Chinese goods. The White House has already imposed 25 percent tariffs on $50 billion in Chinese imports, as well as double-digit duties on steel and aluminum imports. Now the U.S.

Perficient Attains OneStream Platinum Partner Status

Perficient Financial Servies

In early February, OneStream elevated Perficient to gold partner status within the OneStream partner network. We are excited to announce just three short months later, the momentum continues with Perficient having earned Platinum status.

Amazon Incentives Employees To Start Package Delivery Businesses

PYMNTS

Amazon is enticing its own employees to start package delivery businesses, announcing Monday (May 13) a new incentive that will provide them with up to $10,000 for startup costs.

Telecom Fintech innovation is spreading

Daily Fintech

MPesa`s early success in Kenya, will remain the mobile money business case study of payment innovation in Emerging markets [1]. It was 12 years ago; in 2007 when Vodafone launched the service. Africa continues to be the continent where `Necessity is the mother of invention`.

Amazon’s Alexa Wins The Digital Assistant Popularity Contest

PYMNTS

Amazon’s voice-activated assistant Alexa has emerged as the most-used voice assistant on the market. That’s according to Digital Trends , which — citing Amazon — reported Alexa is found in more than 60,000 smart home devices from 7,400 companies. That’s up from just 12,000 devices a year earlier.

3 Key Benefits of Integrating Azure Bots with Back-end Systems

Perficient Financial Servies

In this previous blog post , we discussed 3 ways you can leverage the Microsoft Azure Bot Framework and Bot Service to provide employees within your organization an improved self-service experience.

Deep Dive: Tackling mPOS Solutions’ Security Challenges

PYMNTS

Small and micro merchants that would otherwise have been priced out of the market by traditional, fixed POS systems have seen success with mPOS solutions.

The state of mortgage lending in 2019

ForwardBanker

We all know that 2018 was a tough year for the mortgage industry, and we should be braced for more of the same in 2019—with a slight increase in purchase volume being offset by a drop in refinance volume. This was the takeaway from Garth Graham’s session at Deluxe Exchange 2019.

Impossible Foods Notches $300M Investment

PYMNTS

Ahead of a potential initial public offering (IPO), meatless burger maker Impossible Foods said it has notched a $300 million investment in its newest funding round.

Algo-assistance: The compliance vs profit margin battle | AssetManTech Series

Bobs Guide

Caught between the rock of regulation and the hard place of fee reduction, it's currently a difficult climate for banks and asset managers. And it is a growing list of rules and regulations for asset managers, from Dodd Frank in the US to Mifid II in Europe and the impacts of SDR

The Fearlessly Weird Approach To QSR Dining

PYMNTS

Most businesses, particularly new businesses, advertise their intention to be “different,” unique” or to “stand out from the crowd.” That is more or less to be expected, and those phrases come pre-loaded into the new business starter kit.

Wirecard to process ecommerce payments for Apollo

The Paypers

(The Paypers) Wirecard has signed an agreement with Apollo , a Germany-based optical retailer, to ensure the entire payment processing in the ecommerce shop

Packing Robots Coming To Amazon Warehouses

PYMNTS

Amazon, which has been adding automation to its shipping and delivery services, is mulling deploying packaging machines at warehouses, which would scan packages as they come off the conveyor belt and place them in custom boxes.

A year of open banking in the UK

Matt Wilcox Pro

CFPB To Review Fed’s 2009 Overdraft Rule

PYMNTS

The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve ‘s overdraft protection rule to find out if it “should be amended or rescinded” to minimize “any significant economic impact” to small businesses (SMBs) and credit unions.

ATM 205

Is Senate Banking’s Facebook inquiry the start of something big?

BankThink

Lawmakers are taking a closer look at the company’s data collection practices and its work on cryptocurrency payments, raising the possibility of more action down the line. Bankshot Data privacy Data privacy rules Cyber security Policymaking Mike Crapo Sherrod Brown Senate Banking Committee

Popular Millennial Site Bleacher Report Dives Deep Into Sports Betting

PYMNTS

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC.

Report 205

The Wall Street banks bullish on blockchain

BankThink

Some banks have backed away from the technology, but Northern Trust, State Street and JPMorgan Chase are among those actively working on blockchain projects.

Brazilian Bank To Launch Instant Payment Method

PYMNTS

Itaú Unibanco Holding is Brazil’s largest lender, and on Monday (May 13) it announced that it’s going to launch a new QR code-based payment system by Q3 of 2019, according to a report by Reuters. .

Apple 202

Paytm Mall, EY to work on a secure ecommerce platform

The Paypers

(The Paypers) Paytm Mall , part of Paytm Ecommerce, has announced a partnership with E&Y to build a secure and trusted shopping experience for buyers and partnered sellers across India

Uber Stock Ends Day Two Down 10.7 Pct. At $37.10

PYMNTS

Day two, strike two, and more of the same for Uber. Monday’s trading marked the second session of the ride-hailing giant’s tenure on the public markets following its initial public offering (IPO), and there was no respite to the selling. Shares of the company finished the session down 10.7

Groups 201

Fintech executive sworn in as California's top financial regulator

BankThink

Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm. State regulators Fintech regulations Fintech Career moves Affirm CFPB California

Locus Raises $22M For Supply Chain Optimization

PYMNTS

Logistics startup Locus has secured $22 million in new funding, according to reports today (Monday, May 13).

CFPB political appointee named agency's No. 2

BankThink

Brian Johnson, a Republican political appointee at the CFPB, has been named the agency's deputy director, the No. 2 job behind Director Kathy Kraninger.

92

Mastercard, Kisio Team To Streamline Transport Payments

PYMNTS

Mastercard and Kisio, a unit of Keolis, are joining forces to make it easier for people to pay for transportation around a city.

How to Get Help with Paying Rent – Assistance Programs & Resources

Money Crashers

According to a 2018 study by the Pew Charitable Trusts, 38% of all American renter households put more than three-tenths of pretax income toward rent in 2015, qualifying as “rent burdened” — up from 19% in 2001. Some 17% of renter households put more than one-half of pretax income toward rent in 2015, qualifying as […]. How to Get Help with Paying Rent – Assistance Programs & Resources is a post from Money Crashers. Money Management Real Estate Spending and Saving

Boost Mobile Notifies Customers Of Hacking Attack

PYMNTS

Boost Mobile, a network owned by Sprint, has notified customers of a hacker attack that accessed an unknown number of accounts, according to a report. The company sent out a notification to its customers about the incident. “On

Mobile 199