Fri.Nov 16, 2018

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.

Retailers, payment platforms unveil mobile technologies to raise omnichannel game

Mobile Payments Today

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

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.

50% African Bankers cited Digital as number one priority

Mobile Payments Today

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

Mobile 129

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.

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.

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.

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More Trending

Acorns Reportedly Seeks Over $100M In Funding

PYMNTS

Through a reported funding round, digital wealth management startup Acorns Grow Inc. is said to be seeking over $100 million in funding. Such a round could potentially provide the company with a valuation of more than $700 million, Bloomberg reported.

Report 223

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.

Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

While the legalization of marijuana is a contentious political topic, a fact that is not contentious is that in the 33 U.S. states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year.

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.

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.

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.

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.

This Week In AI: Seven Exits And A Funeral, AI In Your Toilet Seat, Future Of Giraffe Recognition

CB Insights

Artificial Intelligence Trends To Watch In 2018. Download this 92-page report for a look at 13 AI trends reshaping industries and economies. Email. Hi there, Want the full post? Become a CB Insights customer. If you’re already a customer, login here.

Veestro’s Vegan Dinners And Keeping The Thanksgiving Peace

PYMNTS

Thanksgiving preparations are stressful for the cook under any circumstances, but things get exponentially more so when the dinner guests have specific or unique food requirements.

Is AI Just a Buzzword? 4 Experts Weigh In on the Future of AI

Dataconomy

Perhaps even moreso than even big data or blockchain, AI is fast becoming the buzzword on everyone’s lips. Machine learning has been a promising field for years, but with the astonishing success of deep learning techniques, we’re rapidly being propelled into an automated future.

Mastercard Enables Vendor Payments Within MYOB Platform

PYMNTS

Mastercard and Australia-based small business accounting platform MYOB are collaborating to streamline vendor payments and payroll. In a press release on Thursday (Nov.

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 […].

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.

Mobile 197

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 […].

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.

How HSBC Bank used a smartwatch to boost in-branch customer interaction

ATM Marketplace

As part of its digital banking transformation initiative, HSBC partnered with Samsung to explore the use of smartwatches in bank branches

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 based Instafile to integrate its cloud-based tax preparation and filing solution.

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ImageWare upgrades its digital identity platform capabilities

The Paypers

(The Paypers) ImageWare has expanded its GoVerifyID Enterprise Suite with a digital identity onboarding and management technology

Today In Data: The ‘More Is More’ Environment

PYMNTS

When it comes to interior design or spicing your Thanksgiving turkey, there is something to be said for a “less is more” aesthetic. But in payments and commerce, “more is more” is usually the order of the day.

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Beauty M&A Is Hot. Which Brands Could L’Oréal, Estée Lauder, And Coty Acquire Next?

CB Insights

Beauty M&A is heating up. From Unilever’s acquisition of Sundial Brands last year to P&G’s acquisition of First Aid Beauty this past July, brands are getting snapped up by beauty corporates left and right. But it’s not just beauty brands — L’Oréal’s acquisition of beauty AR and AI provider ModiFace is one indicator that the future of beauty is tech-enabled. Want the full post? Become a CB Insights customer.

Will Walmart Become The Third-Largest eTailer?

PYMNTS

It would be an overstatement to say that Amazon should be incredibly worried about Walmart these days — as Amazon is undeniably doing great by almost any rational measurement. Still, coming off Q3’s latest earnings report, it might not hurt Amazon to look over its shoulder from time to time.

Metro 181

Google Pay becomes available in UAE

The Paypers

(The Paypers) Google Pay has partnered with UAE banks and now it is available across the region, allowing Android users to pay with their phones

PayNet Links Community Bank BNB To Small Biz Loan Tech

PYMNTS

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution.

IBM Watson IoT’s Chief Data Scientist Advocates For Ethical Deep Learning and Building The AI Humans Really Need

Dataconomy

In terms of pioneering data-based technology, IBM are the gold standard. Indeed, IBM has held the record for receiving the most patents every year for the past 25 years and has developed countless revolutionary technologies, from SQL to the world’s fastest supercomputer.

FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to identify the individuals behind shell companies involved in all-cash purchases of residential real estate.

Report 173

How to Successfully Navigate TCPA Cell Phone Consent

SWBC's LenderHub

Ah, the Telephone Consumer Protection Act (TCPA).that that ole' chestnut. There hasn't been much change to this law, which went into effect back in 1991.

Five at Five: Banks Contacted in Danske Money Laundering Case

PYMNTS

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on a money laundering investigation involving Danske Bank, and an Apple deal that promises to provide a boost to its streaming plans.

Video 169

Entersekt enters Nordic market

The Paypers

(The Paypers) Entersekt has revealed its interest in the Scandinavian region by entrying into the Nordic market

How Subscriptions Open A New Chapter For College Textbook Access

PYMNTS

The search for inexpensive college textbooks can overwhelm students juggling tuition, food and housing costs.

Course 165

BillingTree expands integration of SMS payments within Payrazr and CareView

The Paypers

(The Paypers) BillingTree has announced the expanded integration of text-based billing and payments within the CareView and Payrazr platforms