Mon.Jul 08, 2019

A mortgage in an app?

Chris Skinner

The next day, the grandson came to visit his grandfather again, and immediately returned to the conversation of yesterday. Grandson: Granddad, you know you were talking about how money and banking used to be. Well, I think it’s a lot better today. Granddad: How so, lad?

Europe as a model for US payment security

Mobile Payments Today

Efforts by European regulators to provide stronger authentication could serve as a model for payments in the U.S., as multi-factor authentication is already available in mobile wallets like Apple Pay

Things worth reading: 9th July 2019

Chris Skinner

Things we’re reading today include … Big ax falls as Deutsche Bank to lay off 18,000 in $8.3 billion ‘reinvention’ What went wrong at Deutsche Bank?

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Banks, Govs Show Continued Resistance To Facebook’s Libra

PYMNTS

Many traditional banking institutions and governments have shown skepticism, silence and resistance to Facebook’s proposed cryptocurrency Libra, according to reports. . Though the currency could potentially alter the financial landscape for good, many banks have simply not responded to the issue. “We’re

Beyond bots: real conversations that humanize customer experience [Sponsored]

Bank Innovation

Survey after survey tells us that customers continue to value their experience at the branch. Perhaps it is because humans reassure them. A handshake, a frank conversation about the future, the eye contact, a personal story – these are exchanges that build trust and relationships.

The Future Of Compliance: Using Data Better

PYMNTS

In the pre-digital age of financial services, AML/KYC was a very slow process. The government would put out their lists of sanctioned entities – hostile governments, drug kingpins, organized crime organizations and affiliates, etc. –

Backed by MUFG, payments app Kyash wants to get into consumers’ mobile wallets

Bank Innovation

Japanese mobile payments app Kyash is making a play for consumer wallets with a Venmo-style digital and physical debit card that handles merchant payments and peer-to-peer money transfers.

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More Trending

Case study: Driving effective sales performance with today’s SPM solutions

Insights on Business

Organizations are fast realizing the value sales performance management (SPM) solutions are bringing to the table in terms of increased sales performance and operational efficiencies.

How APIs Level The B2B eCommerce Playing Field

PYMNTS

In B2B commerce’s pursuit of the “Amazon-like” experience, both buyers and vendors have quickly discovered that business-to-business cannot take the same path that the business-to-consumer market did.

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HSBC launches virtual accounts for corporate clients

Bank Innovation

Corporate and institutional clients of HSBC now can consolidate hundreds of bank accounts into a single platform for each currency that they use, the bank announced on Monday.

Analysts Peg Shopify As Growing Amazon Threat

PYMNTS

A KeyBanc analyst says Shopify could eventually rival Amazon in gross merchandise volume, according to a report by Bloomberg. .

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Five questions with Duane Freeman, BofA’s svp of consumer vehicle lending

Bank Innovation

At Bank of America’s auto division, preserving a personal touch is key to engaging with both consumers, according to Duane Freeman, the bank’s senior vice president of consumer vehicle lending and national sales executive. “In

MYOB Suffers Payroll Reporting Glitch

PYMNTS

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients.

Report 233

Africa: Sports as a Business and a Brand

Bankelele

At the ongoing Africa Cup of Nations in Egypt, the visual imagery of almost-empty stadiums is a powerful narrative. But not the kind that African sports, African football, or corporate sponsors deserve.

Cashierless Innovation In Retail Gets A Fresh Boost In The UK

PYMNTS

Can cameras replace cashers in retail? The grocery industry is making a go of it. The latest effort comes from the U.K.

Five questions with BofA’s Duane Freeman

Bank Innovation

At Bank of America’s auto division, preserving a personal touch is key to engaging with consumers, according to Duane Freeman, the bank’s senior. Carousel Daily Post 4 Lending Product Design Retail Banking auto finance Auto Finance Excellence Bank of America Consumer Lending

Payments Tech Firm InComm Acquires Meridian Loyalty

PYMNTS

Payments technology company InComm has acquired Meridian Loyalty, a business incentives company that works to build loyalty as well as engagement opportunities for corporations, according to a release. .

HSBC launches virtual accounts for corporate clients

Bank Innovation

Corporate and institutional clients of HSBC now can consolidate hundreds of bank accounts into a single platform for each currency that they use, the. Carousel Daily Post 3 Daily Post 6 Open Banking Premium Product Design APIs Citigroup HSBC TransferWise virtual accounts

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i2c On Brex And ‘Fast Twitch’ Innovation

PYMNTS

The good old days of a two-year product development cycle are pretty much over. These days, no matter how creative, innovative and disruptive an idea a financial services player may have, the reality is they don’t have a lot of time to sit around developing it. Speed to market is critical, more so today than it has ever been in history.

Beyond bots: real conversations that humanize customer experience [Sponsored]

Bank Innovation

Survey after survey tells us that customers continue to value their experience at the branch. Perhaps it is because humans reassure them. A handshake, Daily Post 2 Daily Post 5 Product Design Retail Banking Sponsored chatbots conversational AI

UK Reveals Late Payments Law Loophole

PYMNTS

The U.K. is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments, while FinTechs and banks weigh in on the matter with their own efforts to tackle the issue.

Backed by MUFG, payments app Kyash wants to get into consumers’ mobile wallets

Bank Innovation

Japanese mobile payments app Kyash is making a play for consumer wallets with a Venmo-style digital and physical debit card that handles merchant paym. Carousel Customer Experience Daily Post 1 Daily Post 4 Innovation Strategy Payments Premium Retail Banking Kyash Line Pay MUFG PayPay Rakuten Visa

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Waymo Experiments With Wireless Internet In Robotaxis

PYMNTS

After rolling out ad-free music streaming for riders, Alphabet Inc. subsidiary Waymo is reportedly experimenting with ad-free wireless internet in its greater Phoenix robotaxis.

Small business financing: Opportunities for proactive lenders

ForwardBanker

Multiple players offer diverse solutions to help small businesses (SMBs) manage their demand for financing. Yet despite intense competition and innovation among lenders, small businesses are still underserved for financing.

London Transport System To Track Subway Riders

PYMNTS

Transport for London (TfL) said on Monday (July 8) that it will start tracking riders through London’s Underground with Wi-Fi from their phones, according to a report by the Financial Times.

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The tools of the future for relationship management (Podcast)

Accenture

As personal banking experiences continue to drive up the expectations of small- and medium-sized (SME) banking customers, many questions are arising for banks in this marketplace.

Tools 156

Analyst: Shopify May Give Amazon A Run

PYMNTS

A KeyBanc analyst says Shopify could eventually rival Amazon in gross merchandise volume, according to a report by Bloomberg. .

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The Importance of CASH and ATMs in Today's Payments Landscape

ATM Marketplace

Cash and ATMs still have an important role to play in our everyday lives. However not all banks are able to leverage their full potential. Download the white paper to find out what banks should be doing to retain customers and maintain access to cash

ATM 109

The Buy Button’s Evolving Role In eCommerce

PYMNTS

Buy buttons are almost a given in 2019, with a majority of eCommerce sites offering at least one. And, in other retail news, Walmart is boosting its investment in supply chain logistics in China. All this, Today In Data.

Data 180

Fintech has not created a level-playing field for small to mid-size banks

Daily Fintech

Temenos released in April its annual report [1] on the State of digital sales in banking.

Google Suspends Fraudulent Samsung Update App

PYMNTS

Google has suspended a fraudulent mobile app that claimed to offer system-level Android updates to smartphones. While the app on the Google Play Store , called “Updates for Samsung,” did indeed redistribute Samsung’s software, it was also a scam to get users to pay money for the updates.

Cashless Universities, Convenience or Catastrophe for Students? Mobile Payments I Biometrics I ATM I Vending Machines

Mobile Payments Today

Many universities are now adopting cashless systems for students enabling them to pay for goods and services using mobile payments. Download this infographic to see the results of a global survey commissioned by Transaction Network Services into cashless systems for students

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White House Snubs Facebook At Social Media Summit

PYMNTS

Facebook said that it has not been invited to the White House’s social media summit being held later this week.

New Loan Origination Technology Helps Vantage West Drive Speed and Efficiency Across the Entire Lending Process

CU Direct

The $2 billion Vantage West Credit Union is one of Arizona’s largest financial institutions, serving nearly 157,000 members.

Revolving Credit Balances Rise 5 Pct (Annually) In May

PYMNTS

The debt balances climb ever higher. In the latest data reported by the Federal Reserve, total credit was up $17.1 billion in May as measured month over month.

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CECL Lessons Learned

Abrigio

At Abrigo, many of us eat, sleep and breathe CECL. Since the very inception of the concept of an expected loss standard back in 2012, Abrigo professionals have been paying close attention to the Financial Accounting Standards Board (FASB).

Most Merchants Offer One ‘Buy Button’ – And That’s Enough

PYMNTS

So-called “buy buttons” have captured the imaginations of online retailers and social media platforms over the years, but they have had far more success being used on eCommerce sites.

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