Mon.Nov 04, 2019

Criminals in the financial system

Chris Skinner

We hear a lot about how crypto and bitcoin encourages illegal activity, drugs, money laundering and such like. The reality is that such activity today is tiny when compared with the amount of illegal activity, drugs and money laundering goes through the banking system.

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The ‘Netflix of finance’: How MoneyLion is evolving its subscription offering

Bank Innovation

Personal finance, banking and investment platform MoneyLion is moving its monthly subscription fee to a rate similar to Netflix and Spotify starting next year. The company currently offers a free checking account and a $19.99

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Things worth reading: 5th November 2019

Chris Skinner

INV Fintech’s pivot to bank enablement evident in new accelerator class

Bank Innovation

INV Fintech’s new class, announced today, solidifies the accelerator’s pivot to greater bank enablement. INV has refocused its operations within the last year on FI enablement, and the new class – INV’s eighth – is the first solely curated for this directive.

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

PayPal execs to testify in House of Commons regarding online donations to Brexit Party

Mobile Payments Today

A House of Commons subcommittee is reviewing whether PayPal can be used to make small, online contributions to political parties that would make it difficult to trace the origins of the payments. PayPal allows users to make secure, online payments using a mobile number or email

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More Trending

Salvation Army adds a contactless payment tag to kettles nationwide

Payments Source

The Salvation Army is rolling out contactless payments technology at its 25,000 red kettles nationwide to combat the declining amounts of cash in donors’ pockets. Mobile payments NFC

Why Amazon Decided To Bring Alexa Into The Bill Pay Flow

PYMNTS

It has happened to almost everyone. The bill comes in the mail — or maybe via email reminder — and the customer says, “Oh, I have to pay this,” then puts the bill down on their kitchen table or desk. Days pass, stuff piles up and, before the customer knows it, the due date has come and gone.

Could the U.S. see an ATM squeeze like the U.K.?

Payments Source

Cash access has grown tighter in the U.K. as more consumers adopt digital payments and banks shrink their fleets of branches and ATMs. Could the U.S. could see a similar phenomenon? ATMs Cash Financial inclusion U.S.

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Top News In Payments: Santander Acquires Ebury Stake, Goldman Sachs Extends $10B In Apple Card Credit

PYMNTS

In today’s top payments news, Banco Santander is acquiring just over 50 percent of the U.K. payments platform Ebury for $453 million. Also, Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple -branded credit card.

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The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Morning Brief 11.4.19: Wirecard partners up for autonomous car payments

Payments Source

Mobile bank Zero expands; Japan's Paidy raises funds; mobile wallet growth in China; and other information you need to start your day, from PaymentsSource and around the web. Briefing

Congress Wants Digital Platforms To Release Their Algorithms – Why?

PYMNTS

lawmakers proposed new legislation last week that would require internet platforms to more or less lay bare the intellectual property that drives their business model – their algorithms.

Discover recommits to contactless payments

Payments Source

Discover Financial Services has promised to issue all new and replacement cards in the contactless format. Contactless payments NFC Credit cards Discover

GoDaddy Links SMBs To Kabbage Financing

PYMNTS

Online small business lending platform Kabbage is teaming up with small business website development firm GoDaddy. Together, the companies are expanding access to financing for GoDaddy entrepreneur users, the firms announced in a press release on Monday (Nov.

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The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

There's a tech trick that allows issuers to get around the Pays

Payments Source

By using host card emulation, issuers can gain more control over their own mobile payment apps, says FIME's Christian Damour. ISO and agent Mobile payments Payment processing NFC Banking

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How Open Banking Drives Real-Time Payments Traction

PYMNTS

Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of open banking frameworks. Both are key to addressing the modern demands of end-users.

BMO off to promising start on its AI projects

Payments Source

The team has already built three customer-facing AI tools this year, which it hopes to keep building upon. Artificial intelligence Small-dollar lending Bill pay Marketing pso cardline lead 1 Bank of Montreal

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Justice Department, SEC Investigating Under Armour

PYMNTS

Baltimore-based Under Armour is being probed over its accounting practices by the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice, The Wall Street Journal (WSJ) reported on Sunday (Nov.

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

The fight against financial crime has just begun

Payments Source

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start. AML Money laundering Fintech Fintech regulations Regtech Jelena McWilliams FDIC FinCEN

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Instacart Plans Three-Day Strike Over Pay

PYMNTS

Gig workers are disrupting Instacart’s delivery business Nov.3-5 to demand an increase in default tips and overall pay, Fast Company reported on Sunday (Nov.

Money 20/20 2019 - Mickey Goldwasser of Payrailz Talks Financial Wellness, AI and FedNow

William Mills

William Mills Agency had the pleasure of attending Money 20/20 in Las Vegas last week. Heather Sugg, William Mills and Amber Bush heard from the industry's best and brightest about the latest trends and changes in payments.

The Rise Of Instant Payments In The Lending Industry

PYMNTS

Lenders need to meet borrowers’ needs before any of their competitors swoop in, which means application processes must be as quick and seamless as possible.

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Square`s growth strategy and the masses

Daily Fintech

The ten-year-old Fintech that listed on NYSE exactly 4 years ago – November 2015 with the ticker symbol SQ; continues to innovate. It is best known as a B2B Fintech in the payments space that had huge success with small merchants globally.

REPORT: How Consumers Want To Connect To Pay

PYMNTS

Consumers have a bad case of app fatigue. There was a time when consumers were eager to download and experiment with apps that could offer new, unique connected shopping experiences, but that time seems to have come to an end. Their interest in downloading and using new apps is down across the board.

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Fintech based inclusion before it was famous – interview with Accion CEO Michael Schlein

Daily Fintech

This is one of our Fintech From A Peak Interviews, where we talk to people making a big difference in people’s lives with fintech services, Accion, founded in 1961, is hardly an overnight sensation. This is a story of quietly doing the right thing for a long time and then suddenly the world catches up. Today Accion […]. The post Fintech based inclusion before it was famous – interview with Accion CEO Michael Schlein appeared first on Daily Fintech. Consumer Banking

Coty Brings Back CoverGirl Tagline, TV Ads As It Tries To Undo Makeover

PYMNTS

CoverGirl cosmetics maker Coty Inc. is making an about-face, years into a turnaround that hasn’t yet taken hold.

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.