Thu.Feb 18, 2021

Stripe Reportedly Gets $115 Billion Valuation From Investors

PYMNTS

Stripe is reportedly valued at $115 billion by investors in “secondary market” deals, according to a Forbes report, which noted that the amount is more than triple the $36 billion valuation the company garnered at the time of an April 2020 investment from venture firms.

Report 254

Marqeta branches into digital credit card issuing and processing

Payments Source

Marqeta reached a $4 billion valuation over the last decade focusing only on prepaid and debit card issuing, and now it’s retooled its digital platform to issue credit cards, too. Digital payments IPOs Cards

Cards 112
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Visa Direct Powers Off-Cycle Payroll For ADP’s Wisely Platform

PYMNTS

No executive worth his or her salt would turn down participating in a trillion-dollar market. But what about $8 trillion? According to the Federal Reserve , the total amount of U.S. payroll in 2019 (the most recent year available) was $8.7 trillion.

Cards 245

Synthetic IDs are key to solving fraud’s whack-a-mole game

Payments Source

Credit card and bank account fraud have soared during the pandemic, with fraudsters intercepting consumer data via retail and banking disruptions and worsening synthetic ID fraud. Risk Payment fraud American Express

Fraud 110

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Audio-Social App Clubhouse Hits Over 8 Million Downloads

PYMNTS

Clubhouse , which acts as an audio app for people to listen to various speakers, has over 8 million downloads since its launch last year, according to a Thursday (Feb. 18) report from App Annie.

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More Trending

Monopolizing The SMB Customer Relationship Through Embedded Finance

PYMNTS

Traditional financial institutions are facing new competitive pressures from sources beyond the emergence of FinTechs. The rise of neobanks and the opportunity for companies to apply for bank charters in markets like the U.S.

Alt Lending Week Ending 19th February 2021

Daily Fintech

What Starling, Allica Bank and Modularbank think about neobanking business models in 2021 What the UK leaders of digital banking think. Luminaries from three of the Uk’s digital banks discuss what’s on their minds for this year.

Revolut Business Introduces QR Codes For Payments

PYMNTS

Revolut Business is launching QR codes to facilitate socially distanced payments, the company said on Thursday (Feb. 18). . Business owners from all walks of life — cafes, retailers, the trades — can access QR codes on their phones using the Revolut Business app. No external devices are needed.

The changing face of debit cards amid COVID-19

Payments Source

Debit is a powerful tool for consumers, an important revenue source for financial institutions and a critical payment method for merchants, and it's importance has grown during COVID-19

Tools 93

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Hands Off: Yellen Warns Lawmakers Off Cutting Back Stimulus Package

PYMNTS

Treasury Secretary Janet Yellen said she thinks there is a tremendous necessity to pass a large stimulus package to get the economy back on track, according to an interview published by CNBC. “We

Report 213

E-commerce platform Dmall is said to plan U.S. IPO this year

Payments Source

Beijing DMall E-commerce Co., an online retail service provider backed by Chinese supermarket Wumart Group, is planning an initial public offering in the U.S., according to people familiar with the matter

Road To Success For Banks In The Digital Era Runs Through Payments

PYMNTS

There has been no shortage of downbeat economic statistics over the past year, from high unemployment rates to declining gross domestic product (GDP) values.

Study 208

Cash-loving Japan shifts from notes and coins in boost for banks

Payments Source

Japan has long been known for its heavy use of cash, which is a burden for banks that are trying to move more services online. Maintaining ATMs alone costs about 700 billion yen ($6.6

ATM 93

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Pressure On Behavioral Health Creates Need For Tech Solution

PYMNTS

Behavioral healthcare has been underserved during the pandemic. Although the Census Bureau has estimated that 42 percent of Americans reported pandemic-related depression symptoms during the month of December, the sector has had to become secondary to an unprecedented global healthcare crisis.

Tampa 192

The Fellowship of the LOS

Strategically Speaking

I love a good Lord of the Rings reference. Case in point, it may sound like fantasy, but have you thought how consolidating your multiple loan origination systems (LOSs) could bring all lending functions into fellowship? See, there I go again! Featured Lending

Businesses Drive Up Demand For Settlement Speed

PYMNTS

A forward-thinking corporation’s massive bet on bitcoin may not be the boon that blockchain had hoped for as it continues to entice treasurers as a cross-border-friendly payment rail.

Survey 192

Payments' automated future is a chance to rethink tech investment

Payments Source

The shift to digital is permanent, creating an opportunity to reassess long-term strategy, says Greynier Fuentes. Fintech Mobile payments Digital payments Merchant

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

AI Positive: Brighterion Sees Inclusive Future Enabled By Data

PYMNTS

Artificial intelligence (AI) can get something of a bum rap — or it can at least be something of a beacon for complaints about its many dangers. Look no further than Elon Musk, who famously said in 2019 that it was “more dangerous than nukes.”

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Local payment methods can win big at e-gaming

Payments Source

Local payment methods can win big at e-gaming. Digital payments Merchant

FinTech Mogo Enters US Digital Payments Via Carta Subsidiary

PYMNTS

Digital payments and FinTech company Mogo has announced that its subsidiary, Carta Worldwide , will be expanding into the U.S., according to a press release. Carta plans to begin introducing new card products, including one to help quickly disburse both virtual and physical cards, the release stated.

Game-Changing Tech 2021

CB Insights

New innovations and technologies are reshaping industries and providing solutions to some of the most urgent societal issues. But technology alone will not solve the biggest problems confronting the planet. .

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Bitcoin Daily: Social Shopping Platform Personas Adds Bitcoin Payment Option; Hackers Demand $20 Million In Bitcoin From Kia Motors

PYMNTS

Social shopping platform Personas Social has rolled out a bitcoin payment system, according to a press release. The company will now accept bitcoin payments for purchasing content on its Peeks Social platform.

Philippines' Landbank boosts ATM network by 23 branches

ATM Marketplace

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ATM 68

Buy Now, Pay Later Apps Play Musical Chairs In New Provider Ranking

PYMNTS

S&P Global Market Intelligence has said the "buy now, pay later" (BNPL) space will be worth $352 billion within four years — about a fourfold increase over its current size. S&P even thinks there’s a cautionary tale in there for legacy banks and that four-letter-word: disintermediation.

Utah 184

Stimulus, excess savings temper demand for personal loans

American Banker

Unsecured personal lending has fallen as many consumers have stashed away cash and paid down credit card balances during the pandemic. The trend probably won’t reverse course anytime soon. Consumer lending Credit quality Credit cards

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.