Payments Dive
SEPTEMBER 10, 2019
The moving and storage industry can benefit tremendously from upgrading to a modern payment system that supports EMV and allows for alternative payment options.
Bank Innovation
SEPTEMBER 10, 2019
As consumer payments go digital, startups and banks now are focusing on digitizing business-to-business payments, an area where small business owners still are reliant on paper checks and a multitude of expense-management tools. Bento for Business‘ pitch to business owners, however, is more than just about expense tracking, according to Farhan Ahmad, the Chicago-based company’s CEO. […].
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PYMNTS
SEPTEMBER 10, 2019
While in many places, the “best” time of day for a trip to the grocery store is a matter for debate, for some shoppers in Finland, the answer is easy. It’s between 9 p.m. and midnight – when grocery “happy hour” begins at S-market’s 900 stores around the nation, at which point grocery items that are scheduled to expire at midnight tumble into deep-discount mode.
Chris Skinner
SEPTEMBER 10, 2019
One of the key attributes of many of the firms I’ve talked to about doing digital transformation is that there are lay-offs but, whenever possible, these banks support people to change careers. Sure, there may be significant lay-offs if it is a heavily branch oriented bank as getting rid of … The post All we are saying, is give us a chance appeared first on Chris Skinner's blog.
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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
PYMNTS
SEPTEMBER 10, 2019
Artificial intelligence (AI) and machine learning (ML) are starting to play a bigger role in retail, foreshadowing what’s to come in the new decade of the 2020s. Walmart , for instance, hopes to reduce checkout theft by turning to cameras powered by AI, with deployments underway in some 1,000 stores. “The retailer began investing in the surveillance program, dubbed Missed Scan Detection, several years ago in an effort to combat shrinkage – loss due to several causes including theft, scanning err
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 10, 2019
Sometimes innovation in the commerce and payments space is a matter of a new technology or a new process. As recent news from the fulfillment world demonstrates, sometimes the Big New Thing is merely an extra floor or two in a warehouse. That’s the story involving Amazon (and, it seems, The Home Depot as well). The eCommerce operator reportedly is leasing some 500,000 square feet of space in a three-story warehouse in Amazon’s hometown of Seattle, according to The Wall Street Journal.
Bank Innovation
SEPTEMBER 10, 2019
Credijusto, a Mexican small business lender, is using data points like tax and invoice information to reach small businesses typically out of reach of large banks. As a secured lender, Credijusto also allows borrowers to put up collateral to back their loans in addition to the suite of transaction and business information typically used to […].
PYMNTS
SEPTEMBER 10, 2019
Global payments technology provider EVO Payments announced it has purchased SAP firm Delego Software, EVO said in a press release on Tuesday (Sept. 10). Delego has deep roots in technology and was originally launched in 1997 as an SAP consulting business. It is now among the most powerful SAP companies for B2B users. . EVO’s B2B customers have already used Delego’s SAP integrations and payment solutions under an earlier partnership agreement, according to the press release.
Payments Source
SEPTEMBER 10, 2019
High-tech heavyweights like Google, Amazon and Apple have tied payments to broader financial services, added to the view that banks are less relevant, writes Polyient Labs' Brad Robertson.
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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
PYMNTS
SEPTEMBER 10, 2019
Customers of the WePay platform can now get faster deposits to their JPMorgan Chase bank accounts, CNBC reported on Tuesday (Sept. 10). “With other payment processors, when a small business is looking to get paid, it can take 24, 48, sometimes 72 hours over the weekend for that payment to hit,” Bill Clerico, CEO of WePay , told CNBC. “Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.”.
Gonzobanker
SEPTEMBER 10, 2019
This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million. At 5X Kony’s expected 2020 revenues of $115M, based on other recent deals in the space the purchase price seems like a decent deal for Temenos.
PYMNTS
SEPTEMBER 10, 2019
Where there are exchanges — where assets change hands between buyers and sellers — there are myriad ways to make money. Maybe on the trading itself. In the land of cryptos, there’s been a long running debate, unlikely to be settled soon, over what a given coin or offering is “worth.” It can be a knotty argument, given the fact that, in many cases, even the most marquee of cryptocurrencies , such as bitcoin, are not inherently backed by a hard asset, or by a peg to a currency or basket of currenc
Payments Source
SEPTEMBER 10, 2019
Stripe and JPMorgan Chase are firing rapid shots in their battle to win businesses, offering faster payments as the centerpiece of their offerings.
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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.
PYMNTS
SEPTEMBER 10, 2019
Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. Companies therefore must either invest in teams of AML specialists or in fraud-fighting technologies. . Not all solutions are easy to adopt, however.
Payments Source
SEPTEMBER 10, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Consumers don't like Sainsbury's scan-and-go; Zippie debuts blockchain wallet in Africa; Swift adds North America exec; Catalonia plans digital ID.
PYMNTS
SEPTEMBER 10, 2019
The world’s first blockchain-enabled smartphone will debut in Bangladesh , India. As reported by Cointelegraph , the phone, dubbed Finney , will be available to buy in Bangladesh and has been approved by the Bangladesh Telecommunication Regulatory Commission. The phone has been approved to be imported and will be available starting next month. The phone, according to reports, was developed by Sirin Labs and offers a “built-in cold storage wallet … and a decentralized application ecosystem,” said
Payments Source
SEPTEMBER 10, 2019
FIS has partnered with ControlScan to give its growing number of payment facilitators’ “sub-merchants” a streamlined path to comply with the Payment Card Industry Data Security Standard.
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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.
PYMNTS
SEPTEMBER 10, 2019
Electric vehicle automaker Rivian has announced it received a $350 million investment from Cox Automotive, a global car services company, according to a report. The companies said in a statement that in addition to the investment, they will both “explore partnership opportunities in service operations, logistics and digital retailing.”. Rivian Founder and CEO RJ Scaringe said the partnership should boost the company’s ability to bring services to customers.
Payments Source
SEPTEMBER 10, 2019
The world’s biggest restaurant company is buying startup Apprente Inc., a developer of voice-recognition technology for use in the restaurant industry, to help speed up lines. The idea is to eventually have a machine, instead of a person, on the other side of the intercom to relay orders to kitchen staff.
PYMNTS
SEPTEMBER 10, 2019
ATM , as you likely know, is an acronym for automated teller machine. It’s also shorthand for, perhaps, a simple function — colloquially known in financial services as “cash and dash,” an ancillary, physical part of the brick-and-mortar bank branch. The machines are, of course, crucial for getting paper money in hand when the bank is closed. But, as is the case with so much in banking, technology can make the ATM a potent tool for customer engagement — boosting ROI, too — if financial institutio
Payments Source
SEPTEMBER 10, 2019
Annual fees aren’t scaring customers away from American Express Co.’s credit cards. Roughly 70% of cardholders the lender added in the second quarter have premium, fee-paying cards, Chief Financial Officer Jeff Campbell told investors at a conference Tuesday in New York.
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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.
PYMNTS
SEPTEMBER 10, 2019
Financial services and technology company Stripe now has the capability to pay out to 45 countries, and has launched a new corporate card for businesses, the company announced Tuesday (Sept. 10). Stripe said it has been investing in its global network to help facilitate an international payments platform, noting that “scaling a platform internationally involves significant challenges such as contending with esoteric onboarding requirements in various countries and languages, connecting into loca
Payments Source
SEPTEMBER 10, 2019
Collections professionals are often overlooked because they are forced into a reactive and uncomfortable role. In reality, collections teams are very similar to the much more lauded sales team, says Billtrust's Derek Bluestone.
PYMNTS
SEPTEMBER 10, 2019
At the highest level blockchain proponents say that distributed ledger technology (DLT) has the ability to safely, and immutably, transfer data, payments and … well , seemingly any exchange of value and information that one might envision. In recent months we have seen DLT deployed, or in pilot phases, for tracking everything from “farm to table” food activities, to freight documentation and bond issuances within financial services.
ATM Marketplace
SEPTEMBER 10, 2019
Gerrard Schmid, the CEO and president of Diebold Nixdorf, argues that bank branches are here to stay, despite banks' efforts to cut costs and threats from challenger banks.
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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.
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