Tue.Oct 15, 2019

Google’s payday loan app ban adds pressure on high-interest lenders

Bank Innovation

Google Play is banning digital lenders whose products have APRs of 36% or higher, per a Wall Street Journal report Sunday. While the move may be seen as pro-consumer, it’s a sign lenders have more than just regulatory compliance to consider in the evolution of their product strategies.

Google 266

Mister Bó Jangles: the story of yet another new UK challenger bank

Chris Skinner

Like quite a few big banks, the Royal Bank of Scotland (RBS) has been messing about with doing digital by launching a number of new initiatives. The two of most note are Bó, a new retail bank, and Mettle, a service for small to medium enterprises (SMEs).*

Retail 258

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App security an issue when banks partner with fintechs

Mobile Payments Today

As banks strive to offer customers good online experiences, they often partner with a variety of fintechs. But how do they ensure that their apps are secure

Things worth reading: 16th October 2019

Chris Skinner

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!

4 ways banks and credit unions can stay ahead of fintech startups

Mobile Payments Today

With the intensifying competition from fintech startups, financial institutions need to step up their game, especially when it comes to digital, or they risk losing ground to these newcomers

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4 keys to a successful retail digital engagement strategy

Mobile Payments Today

As digital channel growth shows no sign of slowing down, it represents a significant revenue opportunity for brands, retailers and other consumer-facing businesses. But what does an effective strategy look like and how can businesses successfully create and execute against it

Mobile users drive deposit growth at Bank of America

Bank Innovation

For Bank of America, mobile and digital channels are sustaining its retail business. In a third-quarter earnings call Wednesday, CEO Brian Moynihan stressed the importance of digital banking offerings that are complemented by human support.

Avoiding the Suspicious Activity Monitoring Rabbit Hole


SAMS | 4 minute read Key Takeaways Staff your BSA department for success with more senior employees on alert triage. Document all decisions and clearly state why the activity is (or is not) deemed suspicious. Optimize your transaction monitoring system regularly.

Digital-only bank partnerships reap benefits for retailers

Bank Innovation

Challenger banks are on the rise for attracting modern consumers who seek banking alternatives that are convenient and more affordable. In order for traditional banks and credit unions to compete, launching a digital-only bank has quickly become a survival strategy.

Retail 222

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.

Amex links to Venmo, PayPal for splitting the bill, paying with points

Payments Source

American Express is adding a new dimension to its year-old partnership with PayPal by giving credit card customers more options for splitting a restaurant check and paying with loyalty points. P-to-P payments Loyalty and rewards Mobile payments American Express PayPal Venmo

Cards 143

Wells Fargo sees modest growth in ‘digital active’ customers

Bank Innovation

Wells Fargo’s digital strategy is showing results. In an earnings report Tuesday, the bank confirmed it had 13.2 million “digital active” customers in the third quarter of 2019, up 4% year over year. The bank also saw a 7% increase in mobile-first customers.

SnapPay pushes 'facial payments' for its North American expansion

Payments Source

The facial recognition development trail is dotted with starts and stops in its search for consumer adoption, from Mastercard's "selfie pay" to Apple's 3-D facial scan tests and the Federal Trade Commission's approval of biometric authorization.

Apple 129

New Wahlburgers App Offers Order-Ahead And Rewards


Wahlburgers, the burger bar and restaurant made famous for its association with movie star Mark Wahlberg, as well as a popular TV show, has introduced a mobile ordering app that offers exclusive rewards for users. The app allows customers to order on their phones, and to access limited-time offers, a store location feature and some exclusive content. The app is also linked to the WahlClub loyalty program. For every dollar spent using the app, customers will get a loyalty point.

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.

African fintech migrates to Europe

Daily Fintech

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia.

Why 21 companies are staying committed to Libra

Payments Source

Facebook’s controversial Libra cryptocurrency project is moving ahead, undaunted by the rapid departure of five high-profile companies. The Libra Association confirmed 21 members have formally signed on and formed the association’s council.

Deutsche Investigated For Five-Year Delay In Reporting Suspicious Transfers


Despite breaking off its relationship with Danske Bank in 2015, Deutsche Bank didn’t report more than a million suspect bank transfers until February of this year. The transfers weren’t reported until five years after they were flagged as suspicious by a whistleblower, Reuters reported, citing an unidentified person familiar with the matter. Investigators in Germany are now trying to figure out whether the transactions were covered up for a reason, and who’s responsible for doing so.

Report 136

Earlier launch of FedNow possible if foundation is set

Payments Source

The FedNow real-time payments settlement network through the Federal Reserve could launch prior to its estimated 2024 time frame, but a lot of pieces have to fall into place to make that happen. FedNow Faster payments Federal Reserve

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.

New Facebook Portal Offers Enhanced Camera Privacy Options


Facebook ’s latest Portal has placed a bigger emphasis on privacy as the company looks to reassure users their information is safe in its hands. Launched in 2018, the original Portal featured only a small piece of plastic that clipped over the camera. The new version comes with a three-position physical button that can open the camera and mic, cover the camera but keep the mic on, or disconnect both the camera and the mic. “[The

Video 129

South Africa’s digital payments plan takes a page from India’s UPI

Payments Source

South Africa’s payments industry wants to displace cash by enhancing its B2B-focused digital payment system to add instant low-value mobile P2P transactions. Digital payments Faster payments P-to-P payments Mobile payments South Africa India

System 111

White-Hat Hacker Swipes 26M Stolen Credit Cards From Dark Web


Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. The hacked records were lifted from online portals as well as brick-and-mortar retailers over the past four years. The hacked info includes almost 8 million records added to BriansClub in 2019 alone.

Wirecard drops on news report suggesting accounting misdeeds

Payments Source

Wirecard AG fell the most since February in Frankfurt after a news report said it found repeated questionable accounting practices at the German payments firm. Payment processing Digital payments

Report 108

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!

Walmart Takes Part In $71M Funding Of Smart Lock Firm


Smart lock startup Level Home has raised over $71 million in funding from Walmart, Hut 8 Ventures, and home construction and real estate company Lennar. Founded in 2016 by Apple vets John Martin and Ken Goto, Level Lock: Bolt Edition claims that it can transform any deadbolt into a connected lock.

For payment crooks, bots are the master key

Payments Source

Detecting virtual bad actors means paying more careful attention to the digital interactions and touch points within your business, and how users interact with you through apps, websites or customer service centers, writes Accertify's Andrew Mortland.

Top News In Payments: Contactless Payments Rise In UK; Libra’s Initial Members Sign Charter


Today in the payments news roundup, UK Finance data indicates that contactless payments in the country continue to grow. Also, the 21 initial members of the Libra Association formally signed the organization’s charter. And AMC Theaters , the largest movie theater chain in the U.S., is rolling out an on-demand video service. AMC Theaters Gets Into Streaming With On-Demand Movies. The largest movie theater chain in the U.S., AMC Theaters , is rolling out an on-demand video service.

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Wells Fargo takes $1.6 billion legal charge, dragging down 3Q earnings

Payments Source

Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader. Disputes and judgments Regulatory actions and programs GSIBs Earnings Charles Scharf Wells Fargo


Data-Driven Marketing 101

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