Payments Dive

JULY 26, 2018

While more connected devices is convenient for consumers as far as payments, it also opens a window for cybercrime and security breaches.

Security 373

Security Payments 373

Chris Skinner

JULY 26, 2018

I regularly come back to the topic of bank branches, which are topical. A recent UK headline said that a town is now branchless … Closure of Lloyds leaves this Warwickshire town with no banks … whilst another says that the closing of branches is all about increasing profits for … The post The branch of the future is NOT about advice appeared first on Chris Skinner's blog.

Digital Banking 275

Digital Banking Technology 275

Bank Innovation

JULY 26, 2018

For smaller FIs where “digital transformation” may still mean establishing a mobile app, some are far ahead of their peers. Bank Innovation previously reported on the mobile app user numbers of the country’s biggest banks, and on average 44% of the top banks’ customers use their mobile app. On par with this metric is the […].

Mobile 218

Mobile Innovation Report Online 218

Chris Skinner

JULY 26, 2018

BACS released UK account switching statistics this week, and it makes for interesting reading. The big winners in the first quarter of 2018 are Halifax, Nationwide and HSBC. The big losers are Co-operative Bank, Lloyds and Barclays. Why? Well, Halifax offers a great incentive to switch: £75 … nothing like … The post Does digital punish the poor?

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Operations Digital Banking 164

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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

Lending

Bank Innovation

JULY 26, 2018

Payments platform PayPal had $139 billion in total payment volume in 2Q18, up 29% YOY, and expects to add 30 million net new actives by the end of the year, according to the company’s earnings call yesterday. Of that $139 billion, 39% of the total payment volume, or $54 billion, was mobile. Just $14.2 billion […].

Mobile 210

Mobile Payments social media Online 210

Bank Innovation

JULY 26, 2018

Venmo‘s payment transaction volume reached an all-time high in 2Q this year, PayPal reported. According to yesterday’s earnings call, Venmo processed $14.2 billion in payment volume during the second quarter. This represents an enormous 78% YOY increase. Over a 12-month period, Venmo reported $46 billion in transaction volume. In the earnings call yesterday, PayPal CEO Dan […].

Report 186

Report Payments social media Online 186

Payments Dive

JULY 26, 2018

86% of all data breaches occurred in North America according to new reports with 42% of compromises to the POS environment. Download our infographic to find out more about the latest patterns emerging and the European and Asia Pacific hotspots. These insights could prove extremely useful to your strategic planning.

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Data Trends Retail Security 150

Insights on Business

JULY 26, 2018

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Consider, for example, the blockchain space. While blockchain’s decentralized, distributed-ledger technology is most popularly known as the basis for cryptocurrencies such as bitcoin, among the thought leaders with whom I work this is only scratching the surface of the pot

blockchain 151

blockchain Innovation Customer Experience Compliance 151

PYMNTS

JULY 26, 2018

Flywire , the payment company for businesses and institutions, announced on Thursday (July 26) that it has raised $100M in new venture funding. In a press release , Flywire said the Series D round was led by Temasek , an investment company headquartered in Singapore, and joined by existing Flywire investors that include Bain Capital Ventures and F-Prime Capital Partners. “Our strong growth is a direct result of our ability to solve the difficult pain points that exist in complex payment pr

Marketing 130

Marketing Capital America Company 130

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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

Report

Bobsguide

JULY 26, 2018

Driving to Digital. In an era of digital transformation, not to mention a lot of economic and regulatory change, for many organizations this means unprecedented pressure to deliver new innovation to remain relevant and competitive. With studies revealing that only 5% of organizations winning at.

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Study Innovation 118

PYMNTS

JULY 26, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Worldpay ’s work on payment technology for drones. In addition, Singapore- based Grab is rolling out new services in Thailand, and Indonesia’s FinAccel has notched $30 million in Series B funding. Singapore’s Grab is introducing three new services in Thailand, as the ride-hailing service seeks to be a one-stop shop for users in the Southeast Asia region, Deal Street Asia reported.

Payments 122

Payments Regional Technology Mobile 122

Payments Source

JULY 26, 2018

The money flowing into alternative merchant acquiring is feeding an arms race, with each new deal adding pressure to become an automated one-stop shop for small businesses.

Capital 113

Capital 113

PYMNTS

JULY 26, 2018

Payments company Stripe is rolling out a new solution that lets businesses create and issue their own credit and debit cards, the company announced on Thursday (July 26). In a press release, Stripe announced the launch of Stripe Issuing, its service that enables companies to create their own cards, both physical and virtual, via an API call. The company noted that its solution lowers barriers to entry and accelerates the time it takes for a business to issue its own cards, which, Stripe noted, c

Cards 122

Cards Apple Google Management 122

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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.

Lending

ATM Marketplace

JULY 26, 2018

New technology is paving the way for ATMs and kiosks to offer so much more than cash dispensing and deposit services. These new financial service offerings can help merchants and retailers expand their customer base and increase their revenues.

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ATM Cards Retail Payments 95

PYMNTS

JULY 26, 2018

Luxury automakers are upending their traditional business models with a new take on an old idea – a car subscription. BMW, for example, launched a pilot dubbed Access by BMW in Tennessee. This type of service is one way automakers can attract younger customers. And BMW is hardly alone: Cadillac launched a car subscription concierge service of cars and SUVs last year called BOOK.

Marketing 110

Marketing Software Nashville Tennessee 110

Payments Source

JULY 26, 2018

Mark Horwedel, the outgoing Merchant Advisory Group CEO, wasn't always on the merchants' side. Through much of the 1970s through 1990s, his career path placed him firmly in the world of bankers.

Groups 72

Groups Compliance Retail 72

PYMNTS

JULY 26, 2018

Simple ideas can sometimes have a surprisingly powerful impact. They can also be harder to engineer from the outside than one might assume. Such is the story of UNTUCKit , the menswear firm premised on an incredibly simple idea: Men should be able to wear their shirts untucked without looking sloppy. It is the brainchild of Chris Riccobono, a former healthcare consultant who spent 10 years wishing he had a dress shirt that looked good untucked.

Retail 109

Retail New York City Branding New York 109

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

US

Payments Source

JULY 26, 2018

While U.S. machines migrate to EMV, there's a mix of physical security and software that can mitigate the mounting security risk, according to Mark D. Smith, director of business development for MVP Financial Equipment.

Security 68

Security ATM Software Cards 68

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole. The Q2 earning season had already brought indications that consumers continue to warm to P2P , along with reasons for concern about the vulnerabilities of the paym

Conference 105

Conference Payments Branding Operations 105

Bobsguide

JULY 26, 2018

In the shadow of the credit crunch, Generation Millennial - born 1980-1995 - learned a valuable lesson, according to Christer Holloman, CEO of retail finance fintech, Divido. The retail finance industry, now standing at half a trillion dollars, has traditionally been dominated by a minority of.

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Millennials Retail Fintech Industry 68

PYMNTS

JULY 26, 2018

eBay has launched a new image search feature for its mobile app that enables users to simply drag and drop images into the search bar. “When we introduced Image Search last year, we used computer vision to make it easier to find like items from the world around you in our global marketplace. Now, you can explore our marketplace further with just a swipe of your finger,” wrote Seema Jethani, manager of product management and search platforms at eBay.

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Examples Mobile Management Retail 104

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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.

Compliance

Payments Source

JULY 26, 2018

Since the marketplace model is relatively new, the vast majority of the merchants selling through that channel are new too, meaning they do not have the track record that banks look for when providing loans, writes Keith Smith, CEO of Payability.

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Fintech Online Retail Payments 68

PYMNTS

JULY 26, 2018

France wasn’t the only winner at the FIFA World Cup: Payments innovation won big, too, with contactless payments accounting for 45 percent of all Visa purchases in the 11 host cities. Fans from Poland, in particular, made a whopping 74 percent of Visa transactions using contactless technology, Visa said in an announcement. Foreign tourists tended to outspend Russian fans during the tournament.

Payments 104

Payments United States Branding Mobile 104

Payments Source

JULY 26, 2018

Synchrony Financial said its credit-card deal with Walmart won't be renewed and will expire next year. The largest issuer of store cards said Thursday that it's evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards.

Cards 64

Cards Capital 64

PYMNTS

JULY 26, 2018

Accounts payable automation firm Tipalti announced a string of partnerships this week in deals that see the partner linking their own customers to Tipalti tools. Tipalti said in a press release on Wednesday (July 25) that it struck deals with Vindeo, Teampay and Sovos. Invoice financing and payroll funding solutions company Vindeo will white-label Tipalti’s AP automation solution for its clients; Vindeo already works with Tipalti as a lender for its early payments solution, which allows bu

Technology 102

Technology Taxes Fintech Compliance 102

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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.

Lending