Payments Dive
JULY 12, 2018
John Padgett, Carnival Cruise chief experience and innovation officer, outlined the company’s digital and guest-centric strategy in a keynote at the recent ICX Summit conference.
Bank Innovation
JULY 12, 2018
Most fintech startups don’t survive. The landscape of payments, lending, artificial intelligence might seem bustling thanks to all the industry hoopla around it, but the success rate for a startup to make it in these fields — or for that matter any of 15-plus fintech segments — is slim. How slim? Well, according to a […].
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Chris Skinner
JULY 12, 2018
There’s an argument raging that few have heard. The argument is whether it is the rebirth or death of banks. Many vote for the latter, but the former seems to be winning. Banks are reborn. Ten years since the financial crisis hit, many of the banks that received seismic shocks … The post The Golden Age of Banking is a bit like England winning the World Cup appeared first on Chris Skinner's blog.
Bank Innovation
JULY 12, 2018
Online lenders may own more than half of the personal lending market, but they face serious headwinds. For one thing, rising interest rates will increase their cost of funds, and perhaps make their offerings less attractive, and for another, regulations may arrive that make operating their businesses more expensive. In New York State, perhaps anticipating a […].
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.
PYMNTS
JULY 12, 2018
Target has brought its Drive Up service to 200 additional stores in the Midwest and select states with its latest expansion of the service. Drive Up allows consumers to order products through Target’s mobile app and pick them up outside a Target store, the retailer said in an announcement. The service is available in markets such as Chicago, Indianapolis and Columbus, and with this expansion, Drive Up is available at more than 800 brick-and-mortar locations in 25 states.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 12, 2018
Trades between bitcoin and China’s renminbi (RMB) were once very popular, but that’s reportedly no longer the case. News came this week that the volume of currency trades between the RMB and bitcoin have plummeted in recent months. While that pairing comprised more than 90 percent of global bitcoin trades in December, trades involving the Chinese currency now only make up a mere 1 percent of all bitcoin trades.
Bobsguide
JULY 12, 2018
According to the World Bank, access to the internet—and smartphones in particular—is having a measurable effect on financial inclusion. In 2011, just half of the adults in the world had access to a bank account or mobile money provider. That has since increased to 69%, with 1.2bn more.
PYMNTS
JULY 12, 2018
Pinterest has launched new collaboration tools to allow users to plan parties and projects on the site. Launching on group boards, users are able to have conversations with other members of their board through the new group activity feed. “The activity feed helps you keep track of what’s happening on the board, like when someone saves a new Pin or adds a new section, or a new member joins,” the company wrote in a press release.
Bobsguide
JULY 12, 2018
At London Fintech Week, Cordelia Kafetz, head of the Bank of England’s Fintech Hub made clear the central bank’s position on cryptocurrencies and fintech innovation. “We’ve been doing a lot of thinking on crypto assets,” said Kafetz, “back in 2014, we.
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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
JULY 12, 2018
Despite bitcoin’s fall, Square ‘s mobile payment app, which launched crypto trading in late January, is surging. In fact, Square Cash is growing roughly three times faster than PayPal ‘s Venmo , with nearly 2 million downloads per month in May and June, according to data from Instinet. “Square is more than just a bitcoin play,” said Dan Dolev, executive director and analyst at Instinet, cited by CNBC. “A lot of people were worried because it went up with bitcoin,
Bobsguide
JULY 12, 2018
One of the major challenges facing small businesses can be finding the financing necessary to get off the ground and achieve growth. The difficulty of establishing a solid credit history in the face of unpredictable cash flows can make traditional credit providers wary, particularly those burdened.
PYMNTS
JULY 12, 2018
Watching. Waiting. Concerns about fraud. And an apparent boost for biometrics. The second Payment Services Directive — known as PSD2 — has come into effect in Europe, with a September 2019 deadline of payment service providers being able to adhere to regulatory technical standards regarding security and functionality. Much like the General Data Protection Regulation, or GDPR , the European Union’s recently enacted online privacy regulatory regime, the new world is a work in progress, with the im
Payments Source
JULY 12, 2018
Retailers must decide if they will heed this call and do the right thing by investing in the security we need today and the innovation of tomorrow, contends Jeff Tassey, executive director of the Electronic Payments Coalition.
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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
JULY 12, 2018
The government of India is not looking to ban crypto assets, despite recent central bank policy that has told banks to not service accounts of coin market operators, Cryptovest reported. The person who spoke to Quartz , on the condition of anonymity, said that the issue “is about regulating the trade and we need to know where the money is coming from.
Payments Source
JULY 12, 2018
The information you need to start your day, from PaymentsSource and around the Web: Stripe grabs WordPress share from PayPal; Alipay's travel pay network gets larger; Opera browser supports cryptocurrency; Contactless payments get a test in Norway.
PYMNTS
JULY 12, 2018
Zug is a small town near Zürich with only about 30,000 residents, yet it is impacting the FinTech world in a big way. The town, whose economy was once focused on heavy industry and agriculture, is now home to a myriad of companies in the crypto space. As a result, the area is dubbed “ Crypto Valley ,” and it has an international flair. “[Zug] has long been home to citizens from around the world, with over 30 percent of its population being foreign nationals,” Oliver Bussmann, who is
Payments Source
JULY 12, 2018
The graveyard of defunct all-in-one startups includes companies like Coin, Swyp, Stratos and Plastc. But whenever one of these companies failed, its technology simply moved on to a new owner.
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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
JULY 12, 2018
Kroger has been expanding its omnichannel offerings as it seeks to remain competitive in a crowded market. With its Scan, Bag, Go, for example, Kroger allows shoppers to use their smartphones to select items while they shop. When they’re finished picking out their selections, customers scan their phones at a checkout station, which digitally submits their payment, and exit.
Payments Source
JULY 12, 2018
Due to regulations that are designed to thwart money laundering, anyone attempting to transact on a global scale will encounter a patchwork of complex laws and local requirements that make payments anything but borderless, writes Brandon Spear, president of MSTS.
PYMNTS
JULY 12, 2018
Uber and Venmo , the payment app owned by PayPal, announced on Thursday (July 12) that they’re partnering to deliver a new payment experience available with Uber and Uber Eats. In a press release , PayPal said that more than six million payments on Venmo mentioned Uber in their description during the past year, making integration between the two apps a natural fit.
Payments Source
JULY 12, 2018
As the trade war ramps up, some cross-border payment companies are steering into the storm by selling lower-cost automated processing as a way to offset expensive supply chains.
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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.
PYMNTS
JULY 12, 2018
Users of the Starwood Preferred Guest (SPG) American Express (Amex) card aren’t happy with the changes coming to their cards, which give them one-third fewer reward points for almost every dollar they spend. The SPG Amex card had paid one Starpoint for each dollar spent on everyday items. However, beginning in August, each dollar spent will get two Marriott points instead of three.
Payments Source
JULY 12, 2018
The ride-hailing giant is the largest retailer to accept Venmo payments to date, and the move is an indication of how the platform plans to make money.
PYMNTS
JULY 12, 2018
Consumers, while generally desirous of good service in general, are these days increasingly willing to serve themselves. In fact, a growing number of customers are their own best store clerk , bank teller , cashier or real estate agent. With an expanding line-up of information streams – and connected devices to access them on – consumers are increasingly armed to be their own best advocates, and often like taking on the role.
Payments Source
JULY 12, 2018
About a month after Visa's European outage, Mastercard encountered a similar glitch for a brief period of time on Thursday.
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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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