Payments Dive
AUGUST 27, 2019
The ability to pay bills in real time is leading to major changes in how consumers and companies manage cash flow, expenditures and payment methods. Companies that fail to keep pace, may find themselves well behind the competition in terms of maintaining key relationships.
Chris Skinner
AUGUST 27, 2019
I got an interesting graphic from RBS/NatWest who surveyed their customers about what they’re saving for. The interesting result is the dichotomy between the regions, where it shows that Southern British are saving to buy a house whilst Northerners, Scots, Welsh and Irish are all taking holidays. Something about how … The post Do you have a savings goal?
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Bank Innovation
AUGUST 27, 2019
With the acquisition of fairr on Tuesday, German savings and investment startup Raisin is adding pensions to its financial product toolkit. Fairr adds a new component to the company’s financial “cockpit” approach to money management, as well as a technology and team boost for Raisin as it moves into new product areas. Terms of the […].
PYMNTS
AUGUST 27, 2019
In the quest to streamline B2B processes, and to move beyond the way things have always been done – especially when it comes to managing payments and cash flow — ePayables are gaining traction with financial professionals. As noted in a recent Optimization and ePayables Playbook , more than one-third of businesses are “enthusiastic” about adopting that innovation, with an eye on improving day-to-day operations.
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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
Bank Innovation
AUGUST 27, 2019
As a slew of foreign challenger banks take aim at the U.S. market, Toronto-based NorthOne has launched a banking offering targeting the small business segment. According to Eytan Bensoussan, co-founder and CEO of NorthOne, the company is pitching itself to customers as a way to eliminate the need for back-office accounting. “We spent time with […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
AUGUST 27, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Grab and Go-Jek's battle; Indian payments app draws investment; Installment options expand for fashion and beauty retailers; Google Pay's adding a dark mode.
PYMNTS
AUGUST 27, 2019
The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise. However, there’s an area of B2B FinTech that appears to have left a gap in the market: While there are solutions for CPAs to better manage their clients’ funds, Dustin Hall, directo
ATM Marketplace
AUGUST 27, 2019
As people today conduct most of their banking online and pay for things with plastic cards and mobile apps, banks are having to reinvent themselves. One thing banks all seem to agree on: people still need branches. But what should the new branch become?
PYMNTS
AUGUST 27, 2019
Amazon is rolling out new subscriptions for eero , the security service that it acquired last year. Founded in San Francisco in 2014, eero’s systems blanket every room of a customer’s home using high-performing, reliable Wi-Fi. The system is designed to replace the traditional Wi-Fi router, Wi-Fi connection extender and Internet booster in a two- to four-bedroom home.
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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
AUGUST 27, 2019
There are several ways attackers take advantage of payment systems. Understanding that is part of the battle, according to Bill Horne of Intertrust Secure Systems.
PYMNTS
AUGUST 27, 2019
Instagram and its parent company Facebook are working on a new type of messaging app to rival Snapchat, according to a report by The Verge. The app, which will be called Threads, is meant for use between close friends. It will be a companion app to Instagram, allowing users to share information like where they are and how much battery life they have, as well as photos, videos and texts.
Payments Source
AUGUST 27, 2019
A new study released by the prepaid issuer MetaBank finds that most consumers want businesses to use faster payment methods when sending them money for refunds, rebates and claim payments.
PYMNTS
AUGUST 27, 2019
As reported by CoinTelegraph , Switzerland ’s Financial Market Supervisory Authority (FINMA) this week unveiled guidance on the regulatory requirements that govern payments done over blockchain. Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates.
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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.
Payments Source
AUGUST 27, 2019
JPMorgan Chase is considering selling the credit card portfolio it built through an almost three-decade partnership with the AARP, according to people with knowledge of the matter.
PYMNTS
AUGUST 27, 2019
The former policy executive of the crypto exchange Coinbase is heading a lobbying firm hired by Facebook to contend with U.S. regulatory issues, Coindesk reported on Tuesday (Aug. 27). The Washington D.C.-based FS Vector has been retained by Facebook to work on “issues related to blockchain policy.”. FS Vector’s partner John Collins — head of policy at Coinbase from September 2014 to January 2016 — will serve as Facebook’s lobbyist. .
Payments Source
AUGUST 27, 2019
Its approach appears to exclude retailers and small business owners––the very commercial market that would stand to benefit the most from Libra’s social mission, says HotNow's Nithinan Boonyawattanapisut.
PYMNTS
AUGUST 27, 2019
FinTech startup Raisin, a company that offers savings and investments in the pan-European market, has acquired German startup Fairr, according to a report. Fairr is viewed as a disruptor in the German pension market, and Raisin reportedly wants to expand to enter that market, which is worth about €12 trillion in all of Europe. The exact details of the deal are not enclosed, but it’s rumored to be in the “double-digit Euro millions” area.
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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.
Payments Source
AUGUST 27, 2019
If the retail giants' Merchant Customer Exchange payments venture collapsed under the weight of trying to create a one-size-fits-all mobile wallet to bypass card networks, then the implosion of that joint venture was the best thing that could have happened.
PYMNTS
AUGUST 27, 2019
In a deal that is said to make KFC the first fast-food restaurant to offer plant-based chicken, one of the quick-service restaurant (QSR)’s locations will begin offering meatless chicken from Beyond Meat. The franchise is located close to Atlanta’s SunTrust Park stadium, Vox reported. Beyond Meat Founder and CEO Ethan Brown said in an announcement , “KFC is an iconic part of American culture and a brand that I, like so many consumers, grew up with.
Payments Source
AUGUST 27, 2019
Processors that rely on cross-border payments to reach new territories are feeling the economic squeeze of the looming Brexit deadline.
PYMNTS
AUGUST 27, 2019
As the sharing economy continues to grow – and continues to take on new challenges – the concept of work and commerce spaces keeps evolving, thanks in large part to the growth of the digital economy. That’s a mouthful, to be sure. Long story short: Those trends are combining in a way that could bring more B2B presence to the sharing economy. At least that’s the gist of a recent report out of Denver, where, according to the city’s main local newspaper , a Denver startup called venUse aims to beco
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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.
Payments Source
AUGUST 27, 2019
Raisin, originally a marketplace for bank-savings products, is buying 100% of Fairr’s share capital in exchange for Raisin shares as well as cash.
PYMNTS
AUGUST 27, 2019
Facebook’s Libra cryptocurrency project is working with HackerOne on a bug bounty for applications built on its blockchain, TechCrunch reported on Tuesday (Aug. 27). They’re offering up to $10,000 to anyone who can find code flaws in projects developed on the foundation’s testnet. As regulators call for a delay of the social media giant’s cryptocurrency project, Facebook is moving forward, pointing to the bug bounty program as evidence it is taking security seriously.
ATM Marketplace
AUGUST 27, 2019
A 25-year-old Westwood, California man has agreed to plead guilty to federal charges for illegally operating a crypto exchange and a bitcoin ATM where he laundered up to $25 million in cash and crypto for individuals, including drug dealers.
PYMNTS
AUGUST 27, 2019
Talk of a financial recession and a weaker global economy continues to grow, and central banks are keeping a close ear on the chatter. Reports in the Financial Times on Monday (Aug. 26) warned that continued uncertainty linked to Brexit and trade wars have limited borrowing and investment appetite across the globe. And while European banks have endured market volatility while U.S. peers outperform, analysts warn that U.S. banks are actually more exposed to an economic downturn than EU institutio
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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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