Fri.Jul 12, 2019

Chase, HSBC executives headlining BCX Summit

Mobile Payments Today

Executives from two of the country's largest banks, Chase and HSBC, will keynote the upcoming Bank Customer Experience Summit, Sept. 23-25 in Chicago

Chase launches digital investment solution to compete with robo-advisers

Bank Innovation

JPMorgan Chase has rolled out a digital investment product that will help grow its relationships with the 60 million-plus U.S. households it counts as customers. You Invest Portfolios, which launched this week, is a mix of J.P. Morgan ETFs that balance risk and returns based on customer preferences.

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Podcast Episode 18: Earned income: Early access

Mobile Payments Today

Branch CEO Atif Siddiqi addresses the fight to help consumers gain financial flexibility

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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving.

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Chase launches digital investment solution to compete with robo-advisers

Bank Innovation

JPMorgan Chase has rolled out a digital investment product that will help grow its relationships with the 60 million-plus U.S. households it counts as customers. You Invest Portfolios, which launched this week, is a mix of J.P. Morgan ETFs that balance risk and returns based on customer preferences.

Today In Data: Enhancing The Customer Experience With Call Center AI

PYMNTS

More call centers are beginning to rely on artificial intelligence (AI) for greater insights. In recurring payments, subscription commerce is having a “fear of commitment” moment.

Standard Chartered adds mobile banking to social media platforms

Bank Innovation

Standard Chartered customers can now do their mobile banking through social media platforms.

More Trending

Chase launches digital investment solution to compete with robo-advisers

Bank Innovation

JPMorgan Chase has rolled out a digital investment product that will help grow its relationships with the 60 million-plus U.S. households it counts as customers. You Invest Portfolios, which launched this week, is a mix of J.P. Morgan ETFs that balance risk and returns based on customer preferences.

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Are Consumers Ready For Chatbot Customer Service?

PYMNTS

For better or worse, call centers are often retailers’ public face. Customer service can make a stronger impression on consumers than other factors like price, selection or location. Increasingly, call centers are turning to artificial intelligence (AI) for an assist.

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Why It Is Critical to Update Your Core Deposit Study

Abrigo

By Urum Urumoglu Senior Consultant A financial institution’s internal pricing decisions and strategies are crucial to the safety and the soundness of the organization and to its interest rate risk management process in particular.

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Walmart Looks For eCommerce Chief Revenue Officer

PYMNTS

To help lay out its battle pay to take on Amazon, Target and other competitors, Walmart is on the hunt for a new chief revenue officer for its eCommerce business in the U.S. The executive would work under Marc Lore, who is the company’s online leader, Fortune reported.

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Standard Chartered adds mobile banking to social media platforms

Bank Innovation

Standard Chartered customers can now do their mobile banking through social media platforms. Starting this month, the London-based company is letting customers in Botswana, Zambia and Zimbabwe transfer money to friends, view account balances and pay bills through social media platforms, including Facebook Messenger and WhatsApp. In a move reminiscent of Chinese apps Alipay and […]. Exclusive Experience & Design?

Can Better Digital Bookkeeping Make For Happier Landlords?

PYMNTS

Friction bedevils pretty much everything in commerce and payments, and that holds especially true for the management of rental property.

Enabling TLS for IBM MQ inter-cluster communication

Perficient Financial Servies

In this post, we will take a look at enabling TLS for IBM MQ inter-cluster communication. Enabling TLS on the MQ cluster is one of the easiest things you can do for the security of your MQ infrastructure. Prerequisites.

Amazon Works On Home Robot, New Echo Speaker

PYMNTS

With its hardware foray keeping consumers connected to its ecosystem, Amazon is at work on a higher quality Echo speaker as well as its home robot. The eCommerce retailer is looking to roll out the new Echo product by 2020 per unnamed sources, Bloomberg reported.

Cash rules the day when Telstra outage cripples ATMs, payment systems across Australia

ATM Marketplace

Cash was king for three hours on Thursday in Australia when ATMs and Eftpos went down across the country due to a Telstra outage

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Trump Speaks Out Against Crypto, Calls It ‘Based On Thin Air’

PYMNTS

President Trump took to Twitter on Thursday night (July 11) to talk about cryptocurrency and Facebook’s Libra , according to a report by CNBC. “I I am not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity,” he tweeted. Similarly, Facebook Libra’s ‘virtual currency’ will have little standing or dependability.” .

Spanish authorities: bitcoin ATMs expose hole in AML laws

ATM Marketplace

Bitcoin ATMs, which aren't covered by anti-money laundering laws the same as banks, are making it difficult for Spanish authorities to bring down a major money laundering operation

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Facebook, FTC Reportedly Reach $5B Settlement

PYMNTS

The Federal Trade Commission and Facebook have reached a tentative decision to settle ongoing privacy issues with a $5 billion settlement, according to a report by The Wall Street Journal.

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Insights on Business

Watch this video now! AI Banking

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Investors Eye B2B eCommerce, Expense Tools

PYMNTS

Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expense management and B2B eCommerce, with additional funding going toward logistics and small business banking firms for a total of $203.5 million raised this week. Ezyhaul. The logistics space saw another boost this week with the $16 million Series B funding round in Ezyhaul , reports in YourStory said this week.

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Chase, HSBC executives headlining BCX Summit

ATM Marketplace

Executives from two of the country's largest banks, Chase and HSBC, will keynote the upcoming Bank Customer Experience Summit, Sept. 23-25 in Chicago

Facebook And FTC Reach $5B Settlement

PYMNTS

The Federal Trade Commission and Facebook have reached a tentative decision to settle ongoing privacy issues with a $5 billion settlement, according to a report by The Wall Street Journal.

Amazingly, the SEC may have got it almost right with the Reg A Blockstack token offering and this may define a new innovation capital market

Daily Fintech

Napster blew up the music business with free and illegal. Then we had low cost and legal like Spotify, Pandora and iTunes. The same is happening to innovation capital. The summer of 2017 ICO, kicked off by Bancor, was the now illegal way to raise a lot of money easily and at virtually no cost.

Mark Cuban: Libra Cryptocurrency Is A ‘Big Mistake’

PYMNTS

Adding to the ranks of government leaders and others who have criticized Libra, billionaire tech businessman Mark Cuban has called out Facebook ’s digital currency venture. Cuban, who is a “Shark Tank” investor and owner of the Dallas Mavericks, believes that it is “a big mistake,” CNBC reported. The executive noted that he’s not so much worried about the impact on markets in the U.S. than at an international level.

Spanish authorities: bitcoin ATMs expose hole in AML laws

ATM Marketplace

Bitcoin ATMs, which aren't covered by anti-money laundering laws the same as banks, are making it difficult for Spanish authorities to bring down a major money laundering operation

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Co-Founder Among Senior Executives Quitting Starling

PYMNTS

Amid expansion efforts of U.K. digital bank Starling, several senior executives — including Julian Sawyer, Starling’s co-founder and chief operating officer — have left this year. The exits come at a time the lender is attempting to speed up its growth, the Financial Times reports.

How a bank deals with millennials’ installment payment habits

Payments Source

The fintech rush into point of sale financing is partly a play on younger consumers’ migration away from traditional credit cards. This, in turn, has prompted a counter play from Citizens Bank. Point-of-sale Lending Fintech Credit cards pso cardline lead Citizens Bank

Citi Looks To Lead In Q2 Earnings

PYMNTS

Companies are beginning to release their second quarter earnings reports, and experts are pointing to Citigroup to outperform in the banking industry. Citi almost looks a bit like a ladder,” Sarah Potter told CNBC’s Trading Nation on July 9, predicting its stock to continue to climb.

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Samsung Pay adds loan, credit card applications in India

Payments Source

Samsung has reached an agreement with an online marketplace for financial products in India that will allow consumers to apply for credit cards and loans through the Samsung Pay app. Samsung Pay Credit cards Samsung India

Deep Dive: The Latest Initiatives To Expand Mobile IDs

PYMNTS

The world’s population is expanding and many citizens — particularly those in developing nations — have no means of proving their identities, restricting their access to vital services like education and healthcare.

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Data companies can't be defined by the Cambridge Analytica scandal

Payments Source

From data rights to common security measures, organizations that provide clarity on how companies handle financial data and access can pave the way to more fruitful relationships, writes Steve Smith, chairman, CEO and co-founder of Fincity.

Colgate-Palmolive Strikes Deal To Buy Filorga Cosmétiques

PYMNTS

In a sign that Colgate-Palmolive is looking to diversify its interests beyond soap and toothpaste with deals, the consumer goods group has come to an agreement to purchase the Filorga Cosmétiques skincare business for €1.5 billion.

7.12.19 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: Lobby group pushes PSD2 delay; Debit expands for car rentals; Dolphins embrace crypto; Hong Kong transit adds Apple Pay. Briefing

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Subscriptions To Amazon Prime Slow Down Ahead Of Prime Day

PYMNTS

Subscriptions to Amazon Prime have been slowing down in the lead-up to Prime Day 2019, which is typically Amazon’s biggest shopping day of the year, according to a report by Fortune. At the end of last month, there was a total of 105 million Prime members in the U.S.,

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Last Week on Daily Fintech

Daily Fintech

During the week when hurricanes headed for America and the awful drought in India got worse, our Experts posted fresh insights about Fintech each & every day. Monday from @iliashatzis , our Greece -based crypto entrepreneur, celebrated America’s Independence Day by describing how Bitcoin shows that a community of people can create a currency system on their own, just like the Colonials did. Read here.

Politicians In India Look To Pull Plug On TikTok

PYMNTS

Popular video-sharing app TikTok is being accused of spreading “indecent” content and sharing user data with the Chinese government, prompting politicians in India to call for its ban.

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