Bank Innovation
JULY 27, 2017
P2P may be growing fast for banks, but that doesn’t mean Venmo is giving up the P2P throne. Venmo users sent $8 billion in P2P transactions through the service in the second quarter, PayPal reported during its earnings call yesterday. This marks a more than 100% increase from this time last year, when Venmo users […].
Payments Dive
JULY 27, 2017
Fintech isn't just the new kid on the block anymore; it's got some serious dough behind it. But does it mean that fintech companies are the future?
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Bank Innovation
JULY 27, 2017
British fintech TransferWise will now let U.S. users send money transfers via Apple Pay. International money transmitting startup TransferWise updated its iOS app for iPhone and iPad users yesterday, adding the capability for users to send international transfers using Apple’s namesake mobile wallet service Apple Pay. The update will allow users to send transfers of […].
PYMNTS
JULY 27, 2017
Bitcoin has seen its fair share of ups and downs over the past year when it comes to both stock price and mainstream adoption. While the cryptocurrency is struggling to gain traction, there’s been talk brewing of a rival bitcoin being developed to compete against it. Reasons for the new bitcoin competitor stem from many believing it’s not where it should be at this point in time.
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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
Bank Innovation
JULY 27, 2017
Cloud accounting platform Xero added top U.S. bank Capital One to its roster. Ryan Himmel, financial partnerships lead for Xero told Bank Innovation this partnership is a big win for the company “not only on the account that Capital One is a huge bank, but also because we were able to deliver the finished product so quickly.” […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Let's Talk Payments
JULY 27, 2017
The likes of Amazon, eBay and bespoke apps for shopping giants are certainly functionally sound, but a bit impersonal. Here are some apps that allow merchants a more direct connection.
PYMNTS
JULY 27, 2017
Many platforms want a slice of the digital pizza-ordering pie. Few, however, are equipped to dish up the kind of experience consumers demand. Pizza seems like a simple takeout meal from the customer’s end, and that’s how it should be — but it’s not as easy as it looks. Pizza is one of the most highly customizable foods, with a practically infinite combination of toppings.
Bobsguide
JULY 27, 2017
There are a number of priorities that firms in the alternative investment sector must attend to, but in today’s increasingly cyber environment, the biggest must be cybersecurity. Following closely behind, is compliance with mandatory regulations. The two priorities are often intrinsically.
PYMNTS
JULY 27, 2017
Walmart announced news on Wednesday (July 26) that it had convened a broad group of individuals and organizations from the government, business and non-governmental sectors to lobby for a Policy Roadmap to Renew U.S. Manufacturing. In a press release detailing the effort, the retailer said the meeting included a bipartisan conversation about the current challenges and opportunities in the American manufacturing sector as well as case studies of successful collaboration among different players.
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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
Let's Talk Payments
JULY 27, 2017
Do you know that feeling of finding money in your pocket that you did not remember any more? It’s like having the impression of making money, even if it was.
PYMNTS
JULY 27, 2017
Founded in 1995, some may say eBay is the original online marketplace. With more than 20 years in the eCommerce business, eBay is looking for new ways to reinvent itself. As PYMNTS reported , eBay recently added a price-matching guarantee to its services. Now, the company is looking to up its game by announcing the integration of artificial intelligence (AI) and machine learning into its platform.
Payments Source
JULY 27, 2017
APIs allow businesses in every market to make payments online, quickly extend their own payment functionality and roll-out new features with minimal effort, writes David Yohe, vice president of marketing at BillingTree.
PYMNTS
JULY 27, 2017
Samsung Electronics reported record operating profits for its second quarter , ending in June, and is on track to see record profits for the year thanks to demand for its semiconductors, mobile phones and televisions. Earlier Thursday (July 27), the South Korean consumer electronics company reported operating profits of $12.67 billion, up 72.7 percent from a year ago.
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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.
BankNXT
JULY 27, 2017
The digital revolution is afoot, and key influencers such as Chris Skinner are often asked for their opinion on the future of finance. Here are 12 quotes. 12 quotes about the future of finance on BankNXT.
PYMNTS
JULY 27, 2017
In an often-cited report released by NACHA last month, accounts receivables executives said they are gearing up for ACH payments to over take paper checks when it comes to how their business customers pay. The report found that while paper check remains the most common B2B payment rail, according to AR professionals, by the end of the decade it’s slated to take up 45 percent of payments received in the AR department, with paper checks sliding to take up 34 percent.
Payments Source
JULY 27, 2017
Amazon.com Inc. is kicking off in Singapore with its most aggressive service yet, offering the Prime Now two-hour delivery service on everything from chilled Tiger beer to Samsung mobile phones.
PYMNTS
JULY 27, 2017
Discover Financial Services announced news of its second quarter earnings results to Wall Street on Wednesday (July 26) that showed total loans increased 8 percent, or $6.1 billion, while credit card loans saw the same growth in the quarter. In a press release , the credit card company said Discover card sales volumes increased 5 percent compared to the second quarter of 2016.
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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.
Payments Source
JULY 27, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: PayPal's earnings boost; Stripe buys tax tech; UniCredit suffers a breach; ItzCash raises funds.
PYMNTS
JULY 27, 2017
Stripe has acquired long-term partner Payable in an effort to bolster the tax reporting tools available to its on-demand and marketplace business customers. According to Tech Crunch , the company’s Stripe Connect product aims to make it easier for its users to not only process payments from customers, but also make payments to contractors and vendors. “We heard from our users that accurately generating, delivering and filing tax forms for as many as hundreds of thousands of vendors, contra
Payments Source
JULY 27, 2017
The fine for BTC-e was the Treasury’s first action against a money-services business located in a foreign country, and the second against a virtual currency exchange.
PYMNTS
JULY 27, 2017
Payments processing platform Braintree, a subsidiary of PayPal, announced Thursday (July 27) that it has reached the 10-digit milestone, processing more than 1 billion payment transactions per quarter. Braintree helps businesses accept, process and split payments, all on the trusted foundation of a PayPal service. It powers mobile experiences, implements payment methods for its customers, facilitates access to PayPal and Venmo consumers and empowers merchants to sell at the consumer’s first poin
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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.
Payments Source
JULY 27, 2017
Purchasing VocaLink has cost Mastercard more than $900 million and some regulatory headaches, but the investment has to potential to spark new payment products and facilitate the card brand's pursuit of faster processing.
PYMNTS
JULY 27, 2017
Advanced Micro Devices (AMD) wowed Wall Street Wednesday (July 26) after posting news of a strong showing in its second quarter. What’s notable about its results is that the upside wasn’t driven by the personal computer market or a need for gamers to get the latest graphic processing chip but rather demand from the mining of the virtual currency bitcoin.
Payments Source
JULY 27, 2017
Are chip implants really any different from Apple’s Touch ID, which has convinced countless iPhone and iPad users to scan their biometric traits to make it easier to unlock their mobile devices?
PYMNTS
JULY 27, 2017
A rise in consumer spending, broad based across several geographies, helped Mastercard beat Street estimates for the second quarter. The company said Thursday that earnings for the quarter came in at $1.10, while the Street had expected $1.04, and the bottom line edged the Street at $1.28 billion; analysts had seen $1.1 billion. Net revenue growth was up 13 percent to $3.1 billion, said the firm, with acquisitions, mostly via VocaLink, accounting for two percentage points of that growth, as mana
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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.
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