Bank Innovation

JULY 27, 2018

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. Currently, millennials’ combined financial assets come up to $4.5 trillion in wealth. Factoring in for organic savings growth, market “impact,” and wealth […].

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Millennials Study Strategy Mobile 277

Payments Dive

JULY 27, 2018

Host Will Hernandez, discusses the future of transit, Uber, and how mobile payments ties it altogether, with Jonathan Donovan, chief product officer of Masabi. Will also speaks with Christopher Hall, director of the Interactive Customer Experience Association, about mobile payments, the customer experience, along with details about ICXA.

Mobile 170

Mobile Customer Experience Payments 170

Bank Innovation

JULY 27, 2018

Like other P2P apps, bank-backed Zelle also experienced an increase in its payment volume in the second quarter, but at a relatively less impressive rate than PayPal’s Venmo. Zelle released a report yesterday showing that it had processed 100 million transactions totaling $28 billion in the second quarter ending on June 30. The average Zelle transaction […].

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Report Payments America Cards 186

Payments Dive

JULY 27, 2018

Host Will Hernandez, discusses the future of transit, Uber, and how mobile payments ties it altogether, with Jonathan Donovan, chief product officer of Masabi. Will also speaks with Christopher Hall, director of the Interactive Customer Experience Association, about mobile payments, the customer experience, along with details about ICXA.

Mobile 150

Mobile Customer Experience Payments 150

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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

Lending

Bank Innovation

JULY 27, 2018

You might not expect the nation’s leading mobile bank, with north of 31 million users, to be in a hurry to build a digital bank under a new brand, but that’s just what JPMorgan Chase did last October with Finn. Clayton Christensen’s famous “innovator’s dilemma” notes that it is difficult for incumbents to launch new […].

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Fintech National Innovation Digital Banking 170

Bank Innovation

JULY 27, 2018

Payment processor Stripe’s latest platform puts it head to head with Marqeta, a major player in the card-issuing market. Yesterday, Stripe unveiled an end-to-end platform that lets businesses create, distribute and manage both physical and virtual cards. The product is called Stripe Issuing and is being rolled out through an “invitation-only” format right now.

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Cards Management Marketing Payments 170

PYMNTS

JULY 27, 2018

The digital economy doesn’t depend on just numbers and images. Words still matter. Companies need lively product descriptions and online ad copy, along with other textual content that serves to persuade consumers to part with their money. Keeping that word machine going — and making sure that payments don’t gum up the words — was the subject of the latest PYMNTS Matchmakers podcast interview series, this one with Cem Arel, CEO and founder of Wordapp , a content processing platform for online bu

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Payments Case Study Google Online 128

Bobsguide

JULY 27, 2018

Despite the hype still rife around blockchain, quantum computing threatens to undermine distribution ledger capabilities before they've even had a chance to disrupt the financial services. "And that's before we mention our quantum computing," says Jason Kelley, the IBM.

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blockchain 121

PYMNTS

JULY 27, 2018

FitPay , the startup technology platform that adds contactless payment capabilities to wearable and Internet of Things (IoT) devices, is looking to serve consumers who own bitcoin with a new payment device. The product, which is dubbed Flip , will come with a preloaded amount of U.S. dollars that are exchanged from the user’s existing cryptocurrency account.

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Bitcoin cryptocurrency social media Community 111

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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

Report

Gonzobanker

JULY 27, 2018

“Your satisfaction is our top priority. So, if you could try to act really satisfied, that would be a big help.” —Randy Glasbergen. Ask four different industry experts how satisfied bank customers are with their delivery options and you’ll likely get four completely different answers. Recent examples: The J.D. Power 2018 Retail Banking Satisfaction Survey—which did not include any digital-only banks or Fintech providers—found that the most satisfied customers regularly use both branch and digit

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Study Survey Millennials Online 103

PYMNTS

JULY 27, 2018

To enable its customers to buy and sell five digital currencies, TransferGo has rolled out a crypto trading facility. Users can trade bitcoin, bitcoin cash, Ripple, Litecoin and Ethereum through the service, according to reports. “We’ve launched this cryptocurrency trading facility in response to demand from our user base,” said TransferGo Founder and CEO Daumantas Dvilinskas.

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cryptocurrency Bitcoin Mobile Policies 108

Payments Source

JULY 27, 2018

Joe Kaplan, former president of the Electronic Transactions Association and most recently CEO of Paya, died unexpectedly on July 26.

Payments 113

Payments 113

PYMNTS

JULY 27, 2018

Facebook and several key executives, including CEO Mark Zuckerberg, are facing federal class action lawsuits alleging the social network made false and misleading statements related to the decline of monthly active users prior to the second quarter earnings report. Pomeranz Law Firm announced that a lawsuit was filed in the U.S. District Court for the Northern District of California, alleging the company and certain officers made false and misleading statements and failed to disclose the decline

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New York California Report Company 107

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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.

Lending

Payments Source

JULY 27, 2018

The ongoing threat of data breaches serves as a reminder that every business is subject to PCI DSS compliance, no matter their size. Any company that handles cardholder data in any way must adhere to PCI DSS standards, which can be time-consuming and expensive, writes Matt VanderZwaag, director of product development at US Signal.

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Compliance Data US Company 90

PYMNTS

JULY 27, 2018

Another quarterly earnings reports, another rush of pleased Amazon investors hurrying to boost the stock in after-hours trading — Amazon stock jumped 4.1 percent in after-hours trading, despite notching the rare miss on revenue expectations. Profit expectation doubled analysts’ forecasts, which helped instill confidence, as did continued strength in the Amazon Web Services business and emerging strength of its advertising business.

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Training Marketing Resources Report 107

Payments Source

JULY 27, 2018

From its beginnings as a standalone Starbucks Card app, the Starbucks mobile experience was always a bit different from what other companies tried to do.

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Payments Cards Mobile Company 77

PYMNTS

JULY 27, 2018

Over the next five years, some 40 billion connected devices are expected to be installed by consumers and businesses around the world. This rapid proliferation of Intelligence of Things (IoT) devices calls for robust infrastructure that can securely accommodate the upsurge of network traffic. In the July IoT Tracker , PYMNTS charts the efforts of network providers to enhance IoT-readiness and capabilities, and details emerging IoT use cases that are being implemented in the industrial, retail an

Security 105

Security Trends Industry Retail 105

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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.

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Payments Source

JULY 27, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: Contactless scores at the World Cup; Square's Caviar offers health insurance for drivers; Mastercard's CEO slams cryptocurrency; A new mobile app threat emerges.

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cryptocurrency Mobile 65

PYMNTS

JULY 27, 2018

The U.S. Securities and Exchange Commission earlier this week stood by its move to stop a bitcoin exchange-traded fund, citing “unpersuasive” arguments as to how the ETF would be protected from any market manipulation. Reuters , citing a 92-page analysis by the SEC of the bitcoin ETF — which was created by Cameron and Tyler Winklevoss, the twin brothers who started Gemini Trust , a cryptocurrency exchange — reported the SEC wasn’t convinced the ETF couldn’t be manipulated.

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Bitcoin social media Regulation cryptocurrency 104

Payments Source

JULY 27, 2018

The Stamford, Conn., issuer of store credit cards has two potential options after the retail giant chose to partner with Capital One. But the decision over which path to take is out of its hands.

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Capital Cards Retail Industry 63

PYMNTS

JULY 27, 2018

U.S. intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S. National Counterintelligence and Security Center (NCSC), titled “The Foreign Economic Espionage Report,” warns that cyber attackers could infiltrate the sof

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Community US Software National 104

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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.

Compliance

Bobsguide

JULY 27, 2018

During the morning commute, while jogging or on a long road trip, listen to the financial industry leaders of the day on the bobsguide Fintalk podcast. The Fintalk podcast covers everything fintech and bankingtech related, from asset management and risk to data infrastructure, core banking and.

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Fintech Industry Data Management 60

PYMNTS

JULY 27, 2018

Europe and the U.K. solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect earlier this year. Elsewhere in the world, countries are looking toward PSD2 and GDPR to consider adopting similar rules in their own markets. The U.S., however, is not necessarily expected to follow suit.

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Data US Trends California 102

Payments Source

JULY 27, 2018

Samsung Pay is adding Chase Pay as a funding option, combining the strengths of two very different approaches to mobile payments.

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Samsung Mobile Payments 64

PYMNTS

JULY 27, 2018

The U.K. watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The Financial Conduct Authority is looking to tighten up oversight over crowdfunding platforms, which provide short-term lending for small businesses and consumers, in part to make sure customers have clear information about the rules, terms and conditions. .

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Lending Regulation Fintech Study 102

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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.

Lending