Fri.Mar 23, 2018

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Self-service industry lags with EMV compliance

Payments Dive

The future state of self-service is turning the kiosk into a stand-alone store, and secure payment is one of the services that needs to be offered for it to be effective, says Ingenico's John Menzel, who recently shared his insights on EMV compliance in self-service.

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Google Assistant Now Allows Users to Pay and Request IOUs

Bank Innovation

Google Assistant is now letting its users pay or request ‘IOUs’ from friends via Google Pay, further interconnecting the mobile payments service with its other products. Users will also be able to send money from its voice-activated speaker Google Home in the coming months, the company said in a blog post published yesterday. In the.Read More.

Google 239
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Simplify Deployment and Management of Wireless POS Terminals | TNSPay Mobile | Increase Revenue | Flexibility | PCI DSS

Payments Dive

TNSPay Mobile helps to increase your revenue and improve your merchant's satisfaction with a robust and secure solution that simplifies deploying and managing wireless POS terminals. Enjoy flexibility while maintaining full program control. Download this product sheet to learn more.

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More Online Merchants Should Provide Instant Financing Options to Increase Sales

Bank Innovation

As mobile wallets and consumer-to-business payments platforms grow in popularity as the preferred payment method among retail shoppers, it seems only natural that merchants should consider digital POS lending or instant financing options as a means to encourage more online purchases. Indeed, they are. According to a recent survey by payments provider Klarna, about 65%.Read More.

Online 218
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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The Rise And Fall Of Toys R Us

PYMNTS

The founder of Toys R Us passed away yesterday (March 22) at the ripe old age of 94, barely a week after news broke that the toy chain would be closing its doors for good. Charles Lazarus certainly accomplished a lot in those 94 years. Millennials across America singing “I’m a Toys R Us kid” in as solemn a fashion as possible this week are a testament to that.

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How The Brick-And-Mortar Store Can Coexist With Delivery

PYMNTS

When Foxtrot ’s Mike LaVitola was studying at the University of Chicago’s Booth School of Business, he witnessed many on-demand mobile apps and business models coming to market. However, he, along with his co-founders, saw an opportunity beyond the standard restaurant or grocery delivery platform. Their idea was to go out and find Chicago’s best products — the best donut or the best beer, for example — and then deliver those items to people in downtown Chicago in 60 minutes.

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What Kind of Data Do Credit Monitoring Services Use to Make Customer Recommendations?

Bank Innovation

EXCLUSIVE— How do credit recommendations really work? As services such as Credit Karma, one of the larger credit monitors, increasingly turn to artificial intelligence and machine learning to manage customer recommendations, it’s worth considering what data those AI engines are using to pitch loans, credit cards, or other services to their customers (especially as consumers.Read More.

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Bitcoin Daily: Cryptojacking Jumped 8500 Percent In 4Q, Ben The Chatbot Trades Bitcoin

PYMNTS

Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. The drop came as news surfaced that Japanese regulators were scrutinizing cryptocurrencies. Bitcoin was trading at $8,505.18 as of 4:24 a.m., according to CoinDesk. And Chinese eCommerce retailer JD.com plans to roll out a new blockchain-as-a-service (BaaS) platform, CoinDesk reported.

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Even with a head start on GDPR, some U.S. companies risk missing the deadline

Payments Source

Under GDPR, nothing can happen with the European consumer's data unless they explicitly opt in. American consumers tend to ignore the fine print on company statements regarding the potential uses of their data, leading to an environment where companies expect them to opt in by default.

Company 84
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The State of Automation in Financial Services 2024 Report

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

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Watchdog Eyes Brazil’s Credit Card Industry On Nubank Complaint

PYMNTS

In Brazil, the antitrust watchdog, Cade, is looking into the credit card industry, with an eye on possible anticompetitive practices. The investigation comes, Reuters reports, after a complaint by Nubank, a Goldman Sachs-funded FinTech. The company offers credit cards and checking accounts to 3 million people in Brazil. Nubank also has approval in place to become a bank.

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The International Core Vendor Blues

Gonzobanker

Three months into 2018, and the year is already shaping up to be the “year that could’ve been” for international core vendors in the U.S. regional banking market (i.e., roughly $10 billion to $50 billion asset range). Some big wins for the Blue Logo Gang ( Infosys , Temenos , SAP , Tata Consultancy Services ) have been announced and implementations are again in process—e.g., Temenos at Commerce, TCS at Zions—after some high-profile busts over the past decade.

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Feds Charge Nine Iranians In Hacking Case

PYMNTS

In one of the Department of Justice’s (DOJ) largest state-sponsored cyberattack cases, federal prosecutors have unsealed criminal charges involving nine Iranians who allegedly stole data from organizations in the U.S. and overseas, The Wall Street Journal reported. Prosecutors said over 31 terabytes were stolen from 144 U.S. universities, 36 U.S. businesses and five U.S. government agencies for financial gain.

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Biometrics beat passwords, but cling to an old and risky concept

Payments Source

The problem is that, like usernames and passwords, biometrics are a static form of identity that can be exploited rather than a dynamic method that's of little use to crooks if stolen.

Mobile 71
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Home Depot Partners With Pinterest On Shop The Look Tool

PYMNTS

Home Depot has partnered with Pinterest to expand Pinterest’s Shop the Look feature. According to AdWeek , Shop the Look features more than 100,000 products, allowing users to simply tap the white circle on a product to see similar items for sale. Now, Home Depot is helping Pinterest identify products in pins — whether they’re from the home remodeling chain or not — “to help that customer experience go from inspiration to discovery to sale in one experience,” said Melanie Babcock, senior directo

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3.23.18 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: Square speeds payments in the U.K.; Saga aims to counter cryptocurrency fears; A group forms to help with PSD2 compliance; Bitcoin scores in New York real estate.

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Square Woos Millennials With Cash App Coffee Rewards

PYMNTS

In an effort to attract millennials to its platform, Square is offering a pilot program that gives its Square Cash Card customers a dollar off their coffee purchases. The effort could change millennials’ payment behaviors, MarketWatch reported. Mizuho Analyst Thomas McCrohan wrote, “A $1 coffee reward is enough incentive to create habits, including migration of non-coffee spend volumes onto the Square Cash physical card.

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Airlines need to board the mobile revolution

Payments Source

Most North American airlines don’t accept cash for in-flight purchases, even for lower-cost items like drinks or snacks, writes Keith Neville, director of transportation solutions at Infinite Peripherals.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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SEC Eyes Cryptos, Glancing At Equity Markets’ Roadmap

PYMNTS

To take stock of the cryptocurrency market, take stock? In a way. After a fashion. News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. So opined the Securities and Exchange Commission’s (SEC) Director Brett Redfearn, Reuters reported.

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Year end tax headache? Time to go digital

Bobsguide

Financial advisers without a digital solution are in danger of getting left behind. Regardless of whether 2018 becomes the year of economic correction as some analysts predict, the shift to alternative assets is gathering pace as investors turn to private equity, infrastructure and property in.

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Tide Founder Departs One Year After Launching SMB Services

PYMNTS

About a year after U.K. FinTech Tide officially launched, its CEO and founder is stepping down. Reports in TechCrunch on Thursday (March 22) said George Bevis will no longer be leading the company he founded nearly three years ago. Reports noted the firm is currently searching for a replacement, though reports noted Bevis plans to remain active at the company.

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Commercial banks need AI and selfies for payments relevance

Payments Source

Extending this functionality into corporate cards has the potential to make the commercial payments process more seamless and secure, writes Russell Bennett, chief technology officer at Fraedom.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Better Habits Built By Smarter Tech

PYMNTS

Warren Buffett famously said the “chains of habit are too light to be felt until they are too heavy to be broken” — something anyone who’s ever invested any time into changing consumer habits can quickly confirm. The bigger the change, the bigger the challenge. Upping customer interaction with digital banking? Very doable — as customers like developing a digital banking habit.

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Swift offers end to end payment visibility in real-time

Payments Source

The tracking engine automatically provides status updates to all GPI banks involved in any GPI payment chain and allows them to confirm when a payment has been completed.

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Singaporean Startup Jewel Paymentech Cracks The Japanese Market

PYMNTS

Jewel Paymentech has forged a capital alliance with Japan’s largest payment processor, GMO Japan, which will be leading the startup’s Series A+ funding round, along with existing backer Tuas Capital Partners. The support will enable the Singaporean startup to make its entry into the highly challenging Japanese market. Jewel CEO Sean Lam said digital payments are transforming Asia as a whole into a cashless society, so many of the challenges facing Japan are similar to those in other markets in t

Marketing 101
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On the Road with Cornerstone at Ellie Mae Experience 2018

Gonzobanker

Video Transcript. Hey bankers, Steve Williams from Cornerstone I’m at Ellie Mae Experience 2018 at the Wynn Hotel in Las Vegas where thousands of mortgage bankers are talking about the future of their industry and two things came up; number one, digital experience with folks like Amazon saying they want to get into mortgage lending you can bet these folks are wondering can they keep up and so they’re interested in Ellie Mae’s consumer connect module and can they deploy that.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.