Payments Dive
FEBRUARY 7, 2020
Self-service technology allows retailers to meet customer expectations established by the pioneering tech efforts of brand's, like Starbucks. These installations take diverse forms, a CES panel demonstrated.
Bank Innovation
FEBRUARY 7, 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 7, 2019. In this episode, editors discuss the following news developments: Conversational AI company Kasisto’s closure of a $22M Series B extension funding round and its implications for the banking ecosystem; How FIS-owned Worldpay is working with U.K. fintech […].
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Accenture
FEBRUARY 7, 2020
Banks occupy a privileged and trusted position. Social media companies may have insight into what is attracting our attention, but banks can see what people are willing to pay for. Accessing this source of Big Data is simply the latest way for banks to deliver on their core promise: to listen to customers, create a…. The post The growth of data in banking is unstoppable appeared first on Accenture Banking Blog.
PYMNTS
FEBRUARY 7, 2020
Almost two years after its experimental run, the Facebook-owned messaging service WhatsApp has received regulatory approval for its WhatsApp Pay platform in India. The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . The NPCI’s green light comes after approval from the Reserve Bank of India (RBI).
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Abrigo
FEBRUARY 7, 2020
This morning’s Employment Situation report from the Bureau of Labor Statistics showed decent strength in labor markets. In January, there were 225,000 new jobs added, significantly higher than the 161,000 jobs predicted. The headline unemployment number (U3), which was expected to remain unchanged, ticked up one-tenth to 3.6%. Job gains were strongest in construction, health care, and transportation and warehousing.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
FEBRUARY 7, 2020
Curve has decided to take advantage of the work done by the major mobile wallet brands by adding support for Apple Pay and the other major wallet apps. This addition is designed to make Curve, and the Pays, a workaround for banks that don’t support all three major mobile wallets.
PYMNTS
FEBRUARY 7, 2020
It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. In PYMNTS’ latest B2B venture capital roundup, which yielded $75 million in new funding, startups embraced distributed ledger technology for B2B payments and supply chain management, with 80 percent of total funding landing at blockchain companies.
Bobsguide
FEBRUARY 7, 2020
Just as we rang in the 2020s, foreign exchange company Travelex found itself battling a well-coordinated ransomware and meticulously planned cyber- attack. This attack came as a timely reminder that, as financial firms extend their offering and reliance on all things digital, we can only expect.
PYMNTS
FEBRUARY 7, 2020
The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new cards, according to a report in the Telegraph. The move could potentially affect 57 billion euros ($62.4 billion) in revenue to businesses throughout Europe. The Strong Customer Authentication (SCA) regulations say a bank has to verify a person’s identity whenever they make a payment that totals 100 euros ($109.45).
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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
ATM Marketplace
FEBRUARY 7, 2020
Janet Hawkins, president and CEO at Opterus, explains why retail banks need to continue ensure bank associates have the necessary tools that allow them to better communicate and engage with customers.
PYMNTS
FEBRUARY 7, 2020
Smart logistics provider Geek+ announced a same-day delivery partnership with Nike, which will provide advanced robotics solutions for the athletics company’s new distribution center in Japan, according to reports on Wednesday (Feb. 5). The partnership will allow more than 200 robots to deploy from the Geek+ “goods-to-person P series line,” which will carry Nike’s products directly to warehouse workers.
BankBazaar
FEBRUARY 7, 2020
What things should you keep in mind before investing in Recurring Deposits (RD)? This video will tell you. . ?. Recurring Deposits or RDs are considered to be a good instrument when it comes to consistent investments. In an RD, you invest a fixed amount every month during a predefined tenure, and at the end of the tenure you get back the entire investment amount along with a fixed interest income.
PYMNTS
FEBRUARY 7, 2020
Air Canada has announced that it is introducing a brand new payment option for Canadian customers when they’re buying tickets on aircanada.com: PayPal. Customers can use the payment option to buy tickets and pay with whatever payment they prefer that’s linked to PayPal. “Air Canada’s strategy is to continually provide customers the opportunity to make their purchase using their preferred method of payment,” said Keith Wallis, senior director of Payments and Distribution at Air Canada.
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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
Jeff For Banks
FEBRUARY 7, 2020
I attended Bank Director's Acquire or Be Acquired conference two weeks ago. The buzzword of the show: Culture. When Raphael Reznek, CIO of Mascoma Bank, spoke about the biggest challenge to launch online account opening: "our internal culture". When Mike Butler, CEO of Radius Bank, spoke of technology experimentation and implementation: "you have to change the culture in the company".
PYMNTS
FEBRUARY 7, 2020
An Energy and Commerce subcommittee in the U.S. House of Representatives is going to get together Tuesday (Feb. 11) to figure out self-driving car legislation, according to a report by Reuters. The committee will listen to a few trade groups from automakers and technology companies, as well as a transit official from San Francisco and a few different safety advocates.
Jack Henry
FEBRUARY 7, 2020
As discussed in previous posts in this series, the degree of collaboration within a financial institution’s technology partnerships will play a significant role in determining future success. While there are advantages to partnering with fintechs and other third-party vendors, increasing the number of these relationships comes with its own set of strategic, tactical, and regulatory challenges.
PYMNTS
FEBRUARY 7, 2020
Match Group Inc. , the dating service that owns Tinder, has approached a rival, Meet Group Inc. , about a possible takeover, according to Bloomberg. The decision wasn’t final on Thursday, but Dallas-based Match Group could eventually decide not to go forward with a deal. The sources for this information weren’t revealed as the matter wasn’t public yet.
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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.
American Banker
FEBRUARY 7, 2020
Gavin Newsom's proposal to create a consumer watchdog modeled after the CFPB includes a provision that would make it easier for upstart financial firms to obtain industrial loan charters.
PYMNTS
FEBRUARY 7, 2020
January saw gains in U.S. employment as more people joined the labor market, according to a report by The Wall Street Journal. Employers added 225,000 jobs, according to statistics from the U.S. Department of Labor released Friday (Feb. 7). The unemployment rate went from 3.5 percent in December to 3.6 percent in January as more Americans are job hunting.
Payments Source
FEBRUARY 7, 2020
Breaking into the POS credit market is nearly impossible for payment companies without cooperation, says Jifiti's Nufar Segal.
PYMNTS
FEBRUARY 7, 2020
Buy Now, Pay Later (BNPL) solutions are beginning to ingratiate themselves further into the buying experience for customers worldwide. The no-interest, no-fee nature of these solutions intrigues consumers — especially the millennial and Generation Z demographics — searching for alternative payment methods that can grant them further flexibility and convenience while shopping.
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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.
American Banker
FEBRUARY 7, 2020
Yes, bots are taking the routine calls from business cardholders, but make no mistake — these are demanding clients from around the world who phone in from loud airports, on bad connections and speak with heavy accents.
PYMNTS
FEBRUARY 7, 2020
At the dawn of a new decade, healthcare stands poised to embrace digital payments, and finally kill the check. Instant disbursements are fast cementing their place as a favored payout method for consumers across all manner of business-to-consumer (B2C) interactions. In an interview with Karen Webster, Ingo Money CEO Drew Edwards, taking a high-level view of instant disbursements, said, “We’ve made a lot of progress.
Bobsguide
FEBRUARY 7, 2020
Industry pressure for greater transparency may lead to standardisation of private equity reporting, investors and industry bodies indicate. A “non-commercial” approach is needed to data sharing between general partners (GPs) and its investors, limited partners (LPs), according to.
PYMNTS
FEBRUARY 7, 2020
Bank of America can now integrate data from key third-party business applications on its Business Advantage 360 platform to offer a more complete financial picture for small businesses, according to an announcement. The news comes on the first anniversary of the rollout of Business Advantage 360. Since the February 2019 launch, over 1 million Bank of America business owner clients have engaged with the platform.
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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.
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