Fri.May 17, 2019

End of life for certain POS terminals and the looming risk to retailers

Mobile Payments Today

Retailers need to be sure their point-of-sale systems are fully compliant, not only to avoid becoming obsolete, but to protect against fraud

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Challenger Bank Oxygen Serves Needs of Gig Economy Workers

Bank Innovation

When Hussein Ahmed was applying for a loan as a freelancer, he encountered a familiar roadblock: the lack of a predictable salary to show evidence of income. Without this information, it's hard for banks to grant credit.

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DoorDash Could Receive $500M+ In Funding

PYMNTS

In a reported funding round that could value the food delivery firm at roughly $13 billion, DoorDash Inc. may be raising at least $500 million. The size of such a round could go over that amount, but the funding round’s size is still being worked out per unnamed sources, Bloomberg reported.

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Wells Fargo to Take New App National by Year’s End

Bank Innovation

As the mobile-first generation starts to earn more money, the arms race to earn market share is heating up as large banks look to grow their digital-only brands and earn lifelong customers.

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Payday Lending, P2P And Innovation Topped The Week’s News

PYMNTS

Were you able to keep up with all the news that happened this week? We at PYMNTS are here to make sure you didn’t miss anything. Both Visa and Mastercard made big moves, and Karen Webster took a withering look at the Loan Shark Prevention Act (with help from a time machine).

More Trending

Financial Software Firm OpenFin Raises $17M

PYMNTS

In a Wells Fargo & Co.-led led round, financial services software startup firm OpenFin notched $17 million in funding. Barclays also participated in the round, as did existing investors such as Bain Capital Ventures, Pivot Investment Partners and JPMorgan Chase & Co., Reuters reported.

Mastercard SVP: Customer experience presents battleground for bigtech and banks

Bobsguide

Banks and technology giants are locked in a battle to provide the best customer experience, though financial services firms often have the advantage of a better technological foundation. Speaking this week during a bobsguide webinar, Scott Abrahams, senior vice president of business development

EU Antitrust Watchdog Says Breaking Up Facebook Would Be A Last Resort

PYMNTS

EU Competition Commissioner Margrethe Vestager said breaking up social media giant Facebook would be a last resort, according to a report by Reuters. Vestager made her comments on Friday (May 17) at the VivaTech technology conference in Paris, after being asked about the subject following U.S.

7 M&A deals that put dining fintechs first

Payments Source

The fintech M&A wave is sweeping over the dining and fast-food industries, with major companies like Amazon, Walmart and American Express spending on smaller firms that focus on digital food delivery and payments.

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Apple’s R&D Spending Goes From $1B to $13B In 2019

PYMNTS

Apple has increased its research and development spending from $1 billion in 2009 to an estimated $13 billion this year, an amount that does not include stock-based compensation, according to a report from CNBC.

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Amazon leads £475 million funding for Deliveroo, heating up food delivery battle

Payments Source

Amazon led a Series G funding round worth £475 million (about US$575 million) with three other investors for London-based food delivery company Deliveroo. Venture funding Digital payments Amazon U.K.

Crypto And The (Lack Of) Bank Funding Conundrum

PYMNTS

All businesses need capital to survive. That is especially true for embryonic firms with untested business models or products or services. The lack of access to capital can truncate firms’ ability to grab onto new opportunities, to gain scale, to build an audience or even to launch.

5.17.19 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: Ola introduces a credit card; Google Pay makes a push in India; Authorities nab malware ring; YouTrip draw funding. Briefing

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

Facebook COO Opposes Facebook Breakup

PYMNTS

Facebook Chief Operating Officer Sheryl Sandberg has pushed back against the idea that Facebook is too big and should be broken up, arguing that it wouldn’t fix the real issues, according to a report by CNBC.

A remittance fintech aims to be first of its kind to offer banking

Payments Source

Pangea says it is developing a digital account after customers complained that the bank relationship they had wasn't "for them.". Remittances Digital banking International business Mobile banking Mobile payments Mobile technology

UK Pol Tom Watson Asks For Investigation Into Amazon’s Stake In Deliveroo

PYMNTS

Tom Watson, an MP and deputy leader of the Labour Party, has said he’s asking the U.K.’s s Competition and Markets Authority (CMA) to investigate Amazon’s $575 million investment in Deliveroo during its most recent funding round, according to a report by TechCrunch.

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Chase expands digital health care payments via InstaMed acquisition

Payments Source

JPMorgan Chase is buying InstaMed, a cloud-based health care payments platform that’s seen significant growth in recent years from consumer medical payments. M&A Healthcare industry Payment processing JPMorgan Chase

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

Chinese Coffee Co Luckin Has Strong Nasdaq Debut

PYMNTS

Shares in Chinese coffee company Luckin Coffee surged about 50 percent in the company’s debut on the Nasdaq on Friday (May 17), according to a report by CNBC. The opening trade for the company, which was under the symbol LK, was $25 a share.

Bitcoin tumbles as stellar run for digital tokens loses footing

Payments Source

Bitcoin slumped Friday bringing this month’s spirited surge to a halt and taking rival coins down with it. Bitcoin

Best-In-Class Series, Part One - Attracting Small Business Clients

Strategically Speaking

A common goal of every financial institution in the country is to attract and retain good clients. For many, this includes a focus on the small business community. There are more than 30 million small businesses in the United States. How do you attract them to your institution?

Shift4 pushes free terminals—again—at restaurants

Payments Source

Shift4 Payments is giving away free payment terminals to restaurants again, but this time it's using a cloud-based approach with richer marketing tools, including links to social media. Payment processing Point-of-sale Mobile point-of-sale

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

The PewDiePie deal with Dlive is a big move forward for decentralized Blockchain media

Daily Fintech

Centralized media (Facebook, Twitter, Google/You Tube etc) is in a perfect storm of privacy concerns/regulation, censorship/deplatforming and the resistance to advertising due to adblockers and runaway bots. The idea of decentralized media via immutable permissionless Blockchain networks is appealing as a solution. Yet the status quo seems to prevail and radical decentralzsed alternatives such as Diaspora have failed dismally in the past.

Is Senate Banking’s Facebook inquiry the start of something big?

Payments Source

Lawmakers are taking a closer look at the company’s data collection practices and its work on cryptocurrency payments, raising the possibility of more action down the line. Bankshot Data privacy Data privacy rules Cyber security Policymaking Payments Mike Crapo Sherrod Brown Senate Banking Committe

Transform Business Processes – Oracle ERP and SCM Cloud [Webinar]

Perficient Financial Servies

Stallion Oilfield Services, a leading energy service company, struggled with non-standard business practices as well as antiquated and manual systems. The company needed to standardize processes across all business units and establish governance and accounting controls. A modern financial, procurement, and inventory management solution was the answer. Stallion selected Oracle ERP and SCM Cloud and partnered with Perficient to deliver the implementation in a six-month timeframe.

Finlandâ??s banks target instant payments

Bobsguide

The development of EBA Clearing’s RT1 platform has reached critical mass in Finland with the support of the country’s six major banks, says the payment service provider’s CEO Hays Littlejohn. “It’s not as though we made any kind of particular effort just for

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.