PYMNTS

OCTOBER 28, 2020

When asked why he robbed banks, Willie Sutton — the famous criminal with four decades of bank robbery experience — is said to have offered what was likely history’s clearest answer: “Because that’s where the money is.”. Whether Sutton ever actually uttered that line is a matter of historical debate. But what isn’t debatable is the essential truth of his purported statement — and how relevant it is to the 2020 holiday shopping season, as Kount Chief Customer Experience Officer Rich Stuppy recent

Fraud 280

Fraud Retail Tools Data 280

Abrigo

OCTOBER 28, 2020

Key Takeaways Financial institutions are currently awash with liquidity and competitive markets are squeezing rates. Answer this question: Are we trying to decide what to do with the money you already have on the books, or are we trying to find ways to grow the balance sheet and going to need new funds as a result? Follow the simple decision guide as a starting point in your assessment of alternative options for excess liquidity.

Lending 195

Lending Risk Management Management Community 195

Accenture

OCTOBER 28, 2020

In my previous posts, I covered the potential that Open Banking and treasury application programming interfaces (APIs) offer both banks and their corporate customers and gave examples of some leading industry players. In this post, I’d like to highlight some key observations of how these leaders are navigating the first wave of corporate banking and….

Examples 259

Examples Industry 259

Perficient

OCTOBER 28, 2020

After a fun day on the green s , we’re excited to learn that L earning Care Group (L CG ) iCare’s Annual Golf Outing raised $143,551 in proceeds! T his year marks Perficient’s 4 th anniversary as a proud sponsor of the event benefiting childcare providers at Learning Care Group in times of need. . The LCG iCare Foundation was established to assist Learning Care Group childcare providers in instances of unexpected crisis such as natural disaster, fire, domestic abuse , and funeral costs

Groups 493

Groups Management Operations Company 493

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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

PYMNTS

OCTOBER 28, 2020

Businesses across the United States likely knew they would be in for a long, uphill battle to stay afloat when they first began closing their doors in mid-March, but did not know just how long they would be dealing with the fallout from the COVID-19 crisis. Roughly eight months since the pandemic was first declared, businesses are now open, but consumers have yet to return to the store in previous numbers.

Payments 257

Payments Report Operations United States 257

PYMNTS

OCTOBER 28, 2020

B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. But in a panel discussion with Mike Massaro , CEO of Flywire , four executives from various verticals — from freight management to banking — discussed how pressure points are spurring a shift to digital processes.

Payments 242

Payments Management Software Google 242

Perficient

OCTOBER 28, 2020

Perficient was included in Forrester’s recent report, “Now Tech: Digital Process Automation Services, Q3 2020, Forrester’s Overview of 20 Digital Process Automation Service Providers.” The new report provides an overview of technology service providers and assists global clients in identifying possible partners to support the transition to digital process automation (DPA).

US 294

US Strategy Customer Experience America 294

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020. This growth is not expected to slow down anytime soon, with eCommerce and its associated digital payments expected to hit $4.5 trillion in transaction value by 2023. The surge in payments value belies the difficulties that these transactions face, however.

Payments 219

Payments Compliance Fintech Innovation 219

Payments Source

OCTOBER 28, 2020

Blockchain has too many advantages over traditional payment solutions for merchants to ignore. By accepting cryptocurrency, merchants can tap into a growing multibillion-dollar market and get a taste of a cashless, borderless future, says Nash's Kellogg Fairbank.

blockchain 142

blockchain Payments cryptocurrency Marketing 142

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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

PYMNTS

OCTOBER 28, 2020

Online retailers should get ready to ring up record eCommerce sales this holiday season. That’s according to a new study issued through Adobe Analytics predicting that “online holiday season spending will reach $189 billion, representing 33 percent growth year-over-year,” according to a Wednesday (Oct. 28) news release. “The holiday shopping season is starting earlier than ever this year, and we expect record online sales as many consumers opt to shop online to avoid stores because of the unkno

Study 194

Study Online Retail Analytics 194

Payments Source

OCTOBER 28, 2020

Even as consumers shift more spending away from cash and the market for personal travel picks up, the coronavirus pandemic is still exerting a heavy toll on Mastercard's consumer and corporate spending.

Marketing 117

Marketing Cards Lending Fintech 117

PYMNTS

OCTOBER 28, 2020

European Union digital chief Margrethe Vestager has argued against breaking up Big Tech companies, which is contrary to what some officials want to see in terms of dividing Amazon or Apple into smaller companies, according to a report from 9to5Mac. Vestager, quoted in a report from The Information , said although these types of companies could be broken up, doing so might pose more challenges, according to 9to5Mac.

Google 203

Google Apple Report Data 203

Payments Source

OCTOBER 28, 2020

Amid the global explosion of e-commerce and demand for digital money transfers, Visa is acquiring YellowPepper to help drive tokenization and real-time payments in Latin America.

Capital 104

Capital America Mobile Payments 104

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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

PYMNTS

OCTOBER 28, 2020

Bed Bath & Beyond is looking at scaling back its coupons in favor of more of a digital omnichannel approach, CNBC reported. The big-box retailer, traditionally known for its mailed coupons that offered 15 or 20 percent discounts on bedding and other home accessories, will be stepping away from that touchstone. In a meeting with investors, Chief Merchandising Officer Joe Hartsig said he wants to see less of the "overreliance on the coupon.".

Retail 198

Retail Study Meeting Report 198

Payments Source

OCTOBER 28, 2020

The inability for an e-commerce merchant to know about a fraud problem at another merchant checkout page can limit transaction monitoring and security.

Fraud 113

Fraud Data Security Online 113

PYMNTS

OCTOBER 28, 2020

"What I enjoy most is helping our customers thrive in this rapidly changing world and helping them realize their vision in a way that simplifies the adoption of new technology — capabilities that can unleash their innovation in the digital economy," said Craig Muzilla, senior vice president of Red Hat. He explains to PYMNTS how the pandemic-triggered digital shift has tested the market infrastructure that supports the digital economy.

Technology 182

Technology United States Innovation Video 182

Payments Source

OCTOBER 28, 2020

PayPal wants to clear the way for its users to buy, sell, hold — and shop with — cryptocurrency, but some obstacles may prove costly to overcome.

cryptocurrency 106

cryptocurrency Bitcoin Compliance Payments 106

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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.

US

PYMNTS

OCTOBER 28, 2020

Cryptocurrency fans in the United States will soon have their own debit card for holiday shopping. Coinbase on Wednesday (Oct. 28) announced it is opening up a waitlist for U.S. consumers interested in applying for its new Coinbase Card, a Visa debit card that enables users to use their Bitcoin or other crypto holdings to shop online and in stores, in addition to converting their cryptocurrencies to cash at the ATM.

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Cards cryptocurrency ATM Bitcoin 193

Bobsguide

OCTOBER 28, 2020

Even though investment firms have very different primary business models and risk profiles as opposed to lending institutions, to date, for regulatory purposes many have been considered credit institutions and accordingly report under the Basel-driven capital requirements regulation (CRR). The CRR.

Regulation 95

Regulation Lending Capital Report 95

PYMNTS

OCTOBER 28, 2020

Justin Benson, CEO of Spreedly, explains how the COVID-19 pandemic has caused a spike in demand among all payment ecosystem participants for greater choice and flexibility. "We see that merchants are able to digitize their commerce faster when these kinds of services are available and effective," he said. "That’s why we think it’s so vital to aid the diversity of platforms and other services in the payments ecosystem.".

Payments 175

Payments Tools Strategy Online 175

Payments Source

OCTOBER 28, 2020

Visa has seen tepid returns of payments volume as economies reopen, but the renewed virus cases and government responses have created an extra layer of uncertainty — particularly for cross-border transactions and travel.

Payments 92

Payments Cards Fintech 92

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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

PYMNTS

OCTOBER 28, 2020

Fiverr reported on Wednesday (Oct. 28) as part of its Q3 earnings report that active buyers increased to 3.1 million as of Sept. 30 from 2.3 million at the same time last year, marking a 37 percent year-over-year rise. In supplemental materials released by the company through a shareholder’s letter , the gig marketplace’s take rate was 27 percent and up 40 basis points year on year.

Report 172

Report Payments User Experience Branding 172

Payments Source

OCTOBER 28, 2020

After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts.

blockchain 87

blockchain Groups Technology Payments 87

PYMNTS

OCTOBER 28, 2020

Online pet food and products retailer Chewy has found another way to connect with pet owners and ultimately fuel sales, telehealth sessions with licensed veterinarians. As it rides a wave of growth driven by the coronavirus crisis, Chewy is rolling out a new pet telehealth service, “Connect With a Vet.”. The new service enables “pet parents” and veterinarians as well to connect on Chewy’s “proprietary tele-triage platform,” the company said in a Wednesday (Oct. 28) press release.

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Massachusetts Florida Online Retail 166

BankBazaar

OCTOBER 28, 2020

Ever wondered how the interest-free period is calculated on your Credit Card? It’s quite simple. We’ll break it down for you here! “If you think nobody cares if you’re alive, try missing a couple of car payments…” goes a famous quote on debts. Replace “car payments” with “ Credit Card payments” and you are still on the money. Banks, of course, want you to spend using Credit Cards.

Cards 78

Cards Payments Examples Course 78

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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