Fri.Nov 16, 2018

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Retailers, payment platforms unveil mobile technologies to raise omnichannel game

Payments Dive

Retailers, payment technology providers and others are rolling out new services to make it easier to complete transactions on mobile platforms.

Retail 343
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In-Car Commerce Startup Cargo Inevitably Adds Venmo for Payments

Bank Innovation

We’ve all been there. It’s midday, you’re in between meetings, you’re craving a bag of candy or a shot of one of those super-charged, "coffee-based" energy drinks to push through the afternoon, but you’re caught in traffic in your rideshare and short on time. Or perhaps not. But when you need that quick fix on […].

Meeting 240
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50% African Bankers cited Digital as number one priority

Payments Dive

African banking customers are among the most enthusiastic adopters of mobile and digital channels. They prefer digital channels for transactions, servicing and sales.

Mobile 240
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Bank Innovation Announces Demo Opportunity for Fintech Startups

Bank Innovation

It’s opportunity time for fintech startups. On March 12, 2019, Bank Innovation will host its ninth DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in the hopes of earning their vote and walking away with fabulous prizes. The competiton is part of the wider Bank Innovation Ignite conference, which returns […].

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Point-of-Sale(PoS) Trends in Middle East and Africa

Payments Dive

In the Middle East, the POS is fast-evolving from a mere transaction acceptance device to an integral component of the customer's omni-channel journey.

Trends 210

More Trending

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Robotics Process Automation Rakes In The VC Cash

PYMNTS

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets.

Lending 193
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What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].

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Correspondent Banking Continues Its Decline Despite Regulator Efforts

PYMNTS

Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. Even with efforts to stem the decline in correspondent banking, The Financial Stability Board (FSB) noted on Friday (Nov. 16) that the practice still fell in popularity in 2017.

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In-Car Commerce Startup Cargo Inevitably Adds Venmo for Payments

Bank Innovation

We’ve all been there. It’s midday, you’re in between meetings, you’re craving a bag of candy or a shot of one of those super-charged, "coffee-based" energy drinks to push through the afternoon, but you’re caught in traffic in your rideshare and short on time. Or perhaps not. But when you need that quick fix on […].

Meeting 150
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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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NEW REPORT: QSRs Must Look Beyond Mobile To Win Connected Consumers

PYMNTS

The quick-service restaurant (QSR) industry is on track to continue a decade and a half’s worth of growth this year, with consumers projected to spend more than $256 billion at burger joints, sandwich shops, pizza parlors and other QSRs by the end of this year. In recent years, much of this growth has come as a result of consumers’ appetite for faster and seamless ordering through mobile and other connected devices.

Mobile 172
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What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].

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KPMG: In Open Banking, ‘Fortune Favors The Brave’

PYMNTS

Nearly a year on, Open Banking has a bit of mileage behind it and roadmap stretching ahead. Far-flung governments are requiring banks to make customer data available to third parties in an effort to provide services and provide transactions for those end users. A grand experiment to be sure, one that is crystallizing in the United Kingdom, where standards are live as of this writing and have been since January.

Data 159
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8 ways Amazon can shake up a city

Payments Source

Amazon is rightfully thought of as an e-commerce juggernaut, but the company's latest move — opening additional headquarters in the New York and Washington, D.C. areas — has drawn attention to how its presence changes the physical world.

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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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How AP Automation Goes Beyond Cost-Cutting For Businesses Willing To Change

PYMNTS

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. However, as with so many back-office enterprise functions, AP is now shifting its reputation as one that can add value to businesses. At the highest levels, accounts payable has the opportunity to even add money to businesses, too. Executives’ views of AP remain largely unchanged, though, despite the possibilities, and this mindset presents a catch-22 for AP departments: Sin

Analytics 158
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Startup Acorns is said to seek funding at $700 million valuation

Payments Source

Acorns Grow Inc. is in talks with investors for a new funding round that would give it a valuation north of $700 million, according to people familiar with the matter.

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MoviePass Sees Decline In Subscribers During Third Quarter

PYMNTS

MoviePass , the struggling movie theater subscription service owned by Helios & Matheson Analytics, saw its subscribers decline by a big rate during the third quarter. The Wall Street Journal , citing a Securities and Exchange Commission filing made Thursday (November 15), reported MoviePass’ parent said in the filing that it saw a decline in subscribers, but didn’t provide a figure on how many.

Analytics 150
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How to Successfully Navigate TCPA Cell Phone Consent

SWBC's LenderHub

Ah, the Telephone Consumer Protection Act (TCPA).that ole' chestnut. There hasn't been much change to this law, which went into effect back in 1991. Clarifications have been issued—as recently as 2013—however, the core ruling hasn't shifted since inception regarding contacting a debtor using an autodialer or pre-recorded message. If you don't know what the TCPA is and how it impacts the financial services industry, you can read one of our previous blog post that covers the TCPA basics.

How To 74
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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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Retail Pulse: Nike Opens Digital-Powered Flagship; Walmart Taps VR Tech For Training

PYMNTS

Big brands are opening big stores in big cities, but Nike is taking a decidedly digital approach with its New York City flagship: that is, the customer payment and shopping experience in the new space is powered by mobile technology. The store’s concept, dubbed Nike NYC, is to blend the online and offline worlds with the help of smartphones. Nike Chief Digital Officer Adam Sussman told Bloomberg , “Mobile is at the center of people’s everyday life, and when people come into the store, they

Training 150
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11.16.18 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: Lyft adds more tipping features; A new crypto wallet phishing threat; Hong Kong's national ID aids card issuance; Nacha's developing more faster pay guidance.

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Visa Invests In India’s BillDesk

PYMNTS

To deepen its commitment to digital payments in India, Visa has made a minority investment in bill and online payment platform BillDesk. The deal is still subject to statutory approvals, and the company doesn’t believe that it will have a direct bearing on its existing business in the country, Visa said in an announcement on Friday (Nov. 16).

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CFPB Revised Loan Originator Rule and HOEPA Rule Guides

CFPB Monitor

The CFPB recently issued revised versions of the small entity compliance guides for the Loan Originator Rule and the Home Ownership and Equity Protection Act (HOEPA) Rule. While some of the most well-known provisions of the Loan Originator Rule are the provisions addressing loan originator compensation, the rule also defines the concept of a loan originator and addresses qualification and other requirements related to loan originators.

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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.

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Mobile Checkout Takes Hold At Target And Walmart

PYMNTS

With the approaching holiday season, mobile checkout options are ready for customers at Target and Walmart. Target’s “Skip the Line” service has now reportedly been deployed across the country, as Walmart plans to have “Check Out With Me” at each supercenter when Black Friday rolls around, according to reports. With Walmart’s offering, which has workers carry mobile devices to help customers check out, store associates will be stationed in well-trafficked areas of the stores beginning on Black

Mobile 149
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Wirecard, givve expand loyalty partnership in Europe

Payments Source

Two German companies, Wirecard and the startup givve, are expanding their partnership to develop more programs for companies to deliver employee benefits via prepaid cards.

Cards 68
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Xero Targets Taxes With Instafile Acquisition

PYMNTS

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. ZDNet reported this week that Xero, based in New Zealand, will acquire U.K.-based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.

Taxes 148
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Beware the tidy narrative about Operation Choke Point

Payments Source

Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced.

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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.