Payments Dive
JUNE 21, 2019
Latin America has become an increasing focus of development in the emerging digital payments market, as the region transitions from a heavily cash-based system to increase automation, speed and transparency.
Bank Innovation
JUNE 21, 2019
Huddl, a digital investment platform headed up by former Blackrock COO Stephen Corliss and former employees of Mastercard, Deloitte and Freddie Mac, is launching in the U.S. in August. Huddl functions like a social network where investors can collaborate, pool their assets and gain access to products typically available to high-net-worth individuals.
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Payments Dive
JUNE 21, 2019
Prepaid forex cards are a popular payment instrument among frequent international travelers. Learn how you can differentiate your prepaid forex card programs.
Bank Innovation
JUNE 21, 2019
Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank, said 5G cellular network technology can be the catalyst that will bring more internet-of-things (IoT) applications into the banking world. The focus of the innovation group at U.S. Bank is the future, Venturo said, and its strategy begins with parsing through behavioral, societal […].
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.
PYMNTS
JUNE 21, 2019
Consumers’ lives are becoming more digitally focused, which means it’s natural and expected that credit unions (CUs) are feeling the pressure to raise the level of their services across channels. This fact is borne by data in the latest edition of the Credit Union Tracker , a PYMNTS collaboration with PSCU , which found that 59.9 percent of customers reported that having a mobile app is “very” or “extremely” important to them in terms of their CUs’ offerings.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 21, 2019
The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks. If stablecoins became widely used, “they would almost certainly become systemic by nature, not only because of their operational risks, but also in a more fundamental way: they could undermine the deposit-taking of banks and their business models,” Weidma
Payments Source
JUNE 21, 2019
Public-sector development of a speedier settlement service, to operate alongside the one being developed by The Clearing House, is crucial for seeing that institutions of all sizes are able to take advantage of this technology.
PYMNTS
JUNE 21, 2019
The Financial Action Task Force ( FATF ), a global regulatory firm based in Paris and comprised of countries ranging from China to the U.S., said it was going to increase scrutiny over digital currencies to make sure they weren’t being used to launder money, according to a report by Reuters. The firm plans to draft rules and oversight for cryptocurrency firms to prevent abuse.
Payments Source
JUNE 21, 2019
Libra has only been public for a few days, but it has been enough time for regulators around the world to savage the project and schedule hearings. Jorn Lambert, executive vice president of digital solutions for Mastercard, said the project's objectives are aligned with the regulators' concerns.
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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
PYMNTS
JUNE 21, 2019
The Bank of England may open its doors to tech companies and payment firms, and the move could potentially boost the U.K.’s $9 billion FinTech sector in the face of Brexit, Reuters reported. BoE Governor Mark Carney said the bank is going to consult in 2020 about giving an “appropriate” amount of access to its 500 billion pound balance sheet to payments companies, which will let them be on a more even playing field with big banks that currently control the sector.
Payments Source
JUNE 21, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Alexa adds parking; Flywire adds education pay collaboration; Celero makes two deals; Google bolsters merchant rewards.
PYMNTS
JUNE 21, 2019
Waymo has announced that it is partnering with Renault and Nissan to explore all aspects of driverless mobility services for passengers and deliveries in France and Japan. The collaboration enables Waymo to initially research commercial, legal and regulatory issues related to Transportation-as-a-Service, with the aim of creating long-term driverless solutions with the world’s largest automaker.
Payments Source
JUNE 21, 2019
In the U.K., next-level fraud types — involving technologies such as push payments and P2P — are gaining traction now that EMV has been in place for more than a decade.
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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
PYMNTS
JUNE 21, 2019
Google Pay has added PayPal integration for merchants, according to reports. “We’re thrilled to announce we’ve expanded our collaboration with PayPal to make payments easy and seamless no matter how or where your customers like to shop. Now, you’ll be able to accept PayPal with Google Pay on your app or website in all 24 countries where your customers can link their PayPal account to Google Pay,” Google said in a blog post.
Payments Source
JUNE 21, 2019
The new digital-currency unit at Facebook has a logo that's nearly identical to that of challenger bank Current, which has been around since 2015.
PYMNTS
JUNE 21, 2019
Southwest Airlines is introducing a credit card for small business owners aimed at enhanced travel rewards. Business Insider reported Thursday (June 20) that Southwest announced the Southwest Rapid Rewards Performance Business Card, offering small business users 80,000 Rapid Rewards points when they spend $5,000 in the first three months. The publication noted that those points are more than two-thirds what cardholders need to achieve Southwest’s Companion Pass.
ATM Marketplace
JUNE 21, 2019
Paul Gooch, client solutions consultant at ATM managed services provider Fiserv, discusses why compliance was the driving factor for institutions entertaining managed services and also the elements of a successful ATM management program.
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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.
PYMNTS
JUNE 21, 2019
With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. The moves come as branches that were busy are shuttering and classic traffic has fallen as transactions move to the web, the Chicago Tribune reported.
ABA Community Banking
JUNE 21, 2019
How banks are striving to create more diverse, equitable and inclusive workforces. The post The Diversity Differentiator appeared first on ABA Banking Journal.
PYMNTS
JUNE 21, 2019
Part of the future of retail is playing out inside hotels — and that’s happening as the wider part of the travel-and-tourism industry is undergoing its own significant disruption. One of the latest — and perhaps wildest — examples of the hotel-retail trend comes from Taco Bell, of all places. The mecca for what some might call creative interpretations of Mexican-style fast food is, as PYMNTS has reported , The Bell: A Taco Bell Hotel and Resort in Palm Springs, California for a limited time this
Banking Exchange
JUNE 21, 2019
The cost of fraud isn’t limited to the loss itself Retail Banking Risk Management AML & Fraud Cyberfraud/ID Theft Feature3 Financial Research Feature Customers Human Resources Compliance Security Compliance/Regulatory Consumer Compliance Operational Risk.
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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.
PYMNTS
JUNE 21, 2019
Banks are increasingly looking for ways to monetize the large troves of data they hold on customers, be it with credit card sales or offering discounts on a customers’ special interest, like food or fashion, Reuters reported. To help their bottom lines, banks like JPMorgan, Barclays and HSBC are taking a page out of the Google, Facebook or Twitter playbook with advanced data analysis.
ATM Marketplace
JUNE 21, 2019
Paul Gooch, client solutions consultant at ATM managed services provider Fiserv, discusses why compliance was the driving factor for institutions entertaining managed services and also the elements of a successful ATM management program.
PYMNTS
JUNE 21, 2019
Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 million members. The firm was contacted by law enforcement on June 14 with information confirming that the personal information of more than 2.9 million members had been shared with individuals outside the organization. The leaked information includes 2.7 million individual members and 173,000 business members.
ATM Marketplace
JUNE 21, 2019
Prepaid forex cards are a popular payment instrument among frequent international travelers. Learn how you can differentiate your prepaid forex card programs.
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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.
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