Thu.Jul 25, 2019

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How to stay awake in meetings

Chris Skinner

A long while ago, I had an early start to get to a meeting. Leaving home before sunrise, I went from subway to train to taxi, and arrived bright eyed and bushy tailed. However, as the day went on, my battery started to run dry. By mid-afternoon, with lunch firmly … The post How to stay awake in meetings appeared first on Chris Skinner's blog.

Meeting 273
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PayPal: 15m Venmo users engaged in ‘monetizable transactions’

Bank Innovation

PayPal is continuing along its path to monetize Venmo’s 40 million-strong user base. On Wednesday, the company said 15 million Venmo users engaged in monetizable transactions. The company is focusing its efforts to generate revenue from Venmo by taking use cases beyond casually paying friends for beer, rent or other peer-to-peer transactions, which aren’t moneymakers […].

Company 218
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Why Payments Diversity Matters As Firms Go Global

PYMNTS

On a global stage, one size does not fit all when it comes to payments. In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. For example, she said, some users may wish for payments to be done digitally, with speed and ease.

Payments 189
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Inside Marqeta, the payments engine behind the challenger banks

Bank Innovation

Card issuing and processing startup Marqeta may not have picked the sexiest part of the payments ecosystem to disrupt, but it’s looking to catch the same wave as challenger banks and fintech lenders that are raking in funds by the hundreds of millions as they expand into new geographies. Marqeta uses open APIs to allow […].

Payments 186
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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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 PayPal’s Venmo Logs 70 Percent Volume Growth in 2Q

PYMNTS

According to PayPal , call it a hiccup, a delay, not a loss — and not lost sales. Wall Street was down on PayPal’s growth forecasts when the payments giant reported earnings Wednesday (July 24) afternoon after the bell, sending shares skidding roughly 7 percent. On Wall Street, as in life, there’s the benefit of the doubt. This time around it seems a bit of a flip — call it the doubt of the benefit — in this case the benefit of business that is coming, sometime, down the line in the next few qu

Lending 180

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Mastercard, SumUp Partner To Expand ePayments Across Europe

PYMNTS

A new partnership between Mastercard and SumUp aims to boost electronic payment acceptance locations across 27 European countries. . Over the next five years, Mastercard and SumUp will bring card acceptance to several million micro, small and medium-sized companies (MSMEs) across Europe, Mastercard announced in a press release on Thursday (July 25).

Cards 179
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PayPal lowers annual revenue forecast amid integration issues

Payments Dive

PayPal lowered its annual revenue forecast amid delays in integrating certain new partnerships.

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How BBVA Is Using AI To Fight Against AI-Armed Fraudsters

PYMNTS

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. Not only are fraudsters getting more complex with their schemes and harder to predict, but customers are becoming harder to impress. Banks need to make sure they’re using tech in ways that keep the fraudsters out, but don’t send customers looking for another service.

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Synthetic ID fraud breaks all the 'rules'

Payments Source

A traditional rules-based fraud system will not be capable of detecting synthetic identity fraud. A combination of supervised and unsupervised machine learning algorithms must be implemented to process the data necessary to effectively segment good and bad identities, says Steven D'Alfonso, research director at IDC Financial Insights.

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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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Building A Ridesharing App For Pets (And Their Owners)

PYMNTS

SpotOn Founder Aparna Srinivasan was inspired to start her company because of her dogs. When she was traveling with them, it was tough for her to find a ride, especially to the airport. To see if other pet owners shared her same pain point, Srinivasan sat outside the United and American terminal outside of LAX airport. She asked those who came in with an animal how they got there, and whether they would use a more convenient method if it was available.

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7.25.19 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: eBay's warehouse and shipping play; Alaska Airlines adds Google Pay for boarding passes; Newegg adds to crypto network; Swiss regulators haven't heard from Libra.

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PSCU Credit Unions See Boost In Sales During Prime Day

PYMNTS

Amazon wasn’t the only company to see a boost in sales during this year’s Prime Day. A new report from payments credit union service organization PSCU revealed that its owner credit unions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event. Founded in 2004, PSCU’s Advisors Plus offers consulting services for credit unions to help growth and achieve financial and business goals.

Analytics 167
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MPOS growth sparks bigger partnerships

Payments Source

The mobile point of sale market has grown far beyond its roots as an off-the-shelf dongle for smartphones. The category is now driving major acquisitions, collaborations and international deployments.

Mobile 73
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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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Why N26 Is Keeping Fraud Top Of Mind In The US Market

PYMNTS

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Banking customers are affected by attacks ranging from phishing schemes to identity scams, and it is still up to FIs to provide accurate and real-time protection regardless of where their customers are located. Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however.

Fraud 164
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ING, Rabobank join investment in Payconiq's omnichannel payments

Payments Source

Payconiq has built an omnichannel, multicountry payment platform that uses a mobile payment app to leverage existing bank infrastructure in order to make payments in-store and online payments as well as to send P2P payments.

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GIACT Report: $3.4B Lost To New Account Fraud In 2018

PYMNTS

A new report from GIACT Systems has revealed that $3.4 billion was lost due to New Account Fraud (NAF) last year. According to the report, The Evolution of New Account Fraud , produced by Javelin Strategy & Research , NAF tactics have shifted with the growing popularity of online accounts and payments. In addition, NAF continues to use more sophisticated identity fraud tactics, including synthetic identities and complete impersonations.

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NYDFS Creates Research and Innovation Division and Prioritizes Fintech and Consumer Protection

CFPB Monitor

Linda Lacewell, the recently confirmed Superintendent of the New York Department of Financial Services , detailed in a recent interview that she will prioritize fintech and consumer protection. True to her word, NYDFS announced the creation of a new Research and Innovation Division led by Matthew Homer, who was most recently Head of Policy and Research at Quovo.

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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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The Employer’s View Of Early Wage Access

PYMNTS

There is a new normal in the workforce: a younger generation of professionals that prioritize flexibility and technology. Giving rise to the gig economy and a new face of freelancing, these professionals are changing the way employers work, too, including how they pay these workers. In PYMNTS’ latest analysis, Pay Advances: The Gig Economy’s New Normal , a collaboration with Mastercard, research reveals some of the more dramatic impacts the gig economy has had on payroll.

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7 Components of a Complaint Management Program

SWBC's LenderHub

We live in a day and age where consumers are all too happy to verbalize their complaints. Whether via Amazon reviews, Yelp, or social media posts, consumers have the ability to give their virtual thumbs up or down to let the world know how they feel about a product, service, or business.

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Leveling The Lopsided Trade Finance Playing Field

PYMNTS

The world of B2B payments can be a somewhat lopsided place to navigate — a reality incredibly apparent in looking at the difference in payments terms that larger, more established companies with thicker profit margins get when compared to their smaller, newer and thinner-margined counterparts. The advantages for big firms, Abbie McBride, vice president of sales and operations at Fundbox told PYMNTS, come from the fact that large high-margin firms have all the baked-in advantages of better cash f

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The CUInsight Experience Podcast: Featuring Charlie Amato

SWBC's LenderHub

Our Chairman and Co-founder had the opportunity to sit down with CUInsight's Randy Smith, to chat about some of the most important lessons he's learned in life and business, his dedication to giving back to the community, as well as the culture that he and President and Co-founder, Gary Dudley, have built over the last 43 years for SWBC.

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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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Retailers Up Their Loyalty and Rewards Games

PYMNTS

Recent days have brought new evidence of the importance of robust loyalty and rewards problems in retail, an areas of ongoing innovation, and a way for merchants of all types to stand apart in a fiercely competitive industry. That latest evidence comes from Chipotle Mexican Grill , which recently beat analysts’ expectations for second-quarter earnings.

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Why You Should Go For A Home Loan Now

BankBazaar

Interest rates are sliding while banks are coming up with attractive Home Loan schemes. So, this might be the right time to go for a Home Loan. Manish and his wife, Parul, working with a media company in Bangalore have been thinking about buying their dream home. High real estate prices and interest rates have always made their decision to take a Home Loan a difficult one.

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Mail.ru And Sberbank To Back Joint eCommerce Platform

PYMNTS

As eCommerce sales in Russia gather pace, internet firm Mail.ru and Sberbank plan to invest up to $1 billion or 64 billion roubles in a new taxi services and food delivery joint platform. The joint venture is said to compete with Uber and Yandex.Taxi, Reuters reported. Mail.ru Group CEO Boris Dobrodeev said, according to the outlet, “This is a key step in building a business that will have a significant impact on Russia’s digital economy.

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7 Components of a Compliant Management Program

SWBC's LenderHub

We live in a day and age where consumers are all too happy to verbalize their complaints. Whether via Amazon reviews, Yelp, or social media posts, consumers have the ability to give their virtual thumbs up or down to let the world know how they feel about a product, service, or business.

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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.