Fri.Jan 15, 2021

Blockchain takes on forgeries, counterfeits

Mobile Payments Today

Counterfeiting is an absolutely massive industry, logging in trillions of dollars every year. It can be a big threat both to consumers who unknowingly purchase these products and retailers as well looking to sell legitimate products.

FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act


The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA).


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GreenPath Financial Wellness’s AI Approach to Finance Coaching

Mobile Payments Today

Through a partnership with eGain, GreenPath has launched a Virtual Finance Coach. This innovative AI-powered Coach shares friendly step-by-step guidance based on the customer’s interests, financial priorities and founded behavioral principles

CBDC for Retail, Wholesale and International Payments


Central bank digital currencies (CBDCs) would help advance the digitalisation of payments and the economy as a whole. Retail, wholesale and international payments using CBDC would expand choices, enabling more diversified payment systems and greater autonomy for the central bank.

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Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

New Regulations Could Push US Dollar Stablecoins Into The Payments Mainstream


For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity.

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Delta, Airbnb CEOs Say Travel Is Rebounding, But Change Is Inevitable


Surviving the worst year in aviation history is, itself, an accomplishment. According to Delta Airlines CEO Ed Bastian, while pre-COVID volumes and travel practices may never fully return, the road to recovery has begun.

QR Codes regain the spotlight for remote bill pay and more

ATM Marketplace

John Minor is Chief Product Officer for PayNearMe and plays a critical role in c making it easy for businesses to collect every payment, via any channel and payment type, every time.

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Digital Wallet Flips The Script On Payments Friction


A year ago, as 2019 was turning over into 2020, the distinction between card-present transactions and card-not present transactions was highly relevant in the world of commerce. As 2020 is becoming 2021, on the other hand — not so much and for good reason.

GreenPath Financial Wellness’s AI Approach to Finance Coaching

ATM Marketplace

Through a partnership with eGain, GreenPath has launched a Virtual Finance Coach. This innovative AI-powered Coach shares friendly step-by-step guidance based on the customer’s interests, financial priorities and founded behavioral principles

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Integrated Platforms Arm CFOs With The Power To Optimize B2B Payments


When the pandemic drove professionals to work from home, business leaders began accelerating their digitization roadmaps.

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When rioters attacked the Capitol, these payment companies were quick to respond

Payments Source

Some companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan. Compliance Network rules Washington DC Payment processing

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Hudson To Add Amazon’s Just Walk Out Technology To Its Popular Airport Convenience Stores


The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at more than 1,000 North American airports, train stations and other landmarks and tourist destinations. .

Retail stimulus: POS offerings that reconfigure consumer puirchasing

ATM Marketplace

Andrew Rostami, head of unsecured lending at Citizens Bank, shares insight on how modern point of sale programs, that embed financing, are essentially a stimulus program targeted to a merchant’s consumers

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Better Queuing Can Solve COVID-19 Vaccine’s Last Mile Problem


The pandemic has exposed the vulnerabilities of virtually every institution that underpins daily life — perhaps none so much as the U.S. healthcare system. Hospitals have been strained. Testing can barely keep up with demand.

Capital One fined $290M for ‘willful’ anti-money-laundering failures

American Banker

The McLean, Va.-based based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.

Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option


The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay on their smartphones without going through a URL entry.

E-commerce poses new opportunities for 'card testing' attacks

Payments Source

Fake card numbers are 'tested' at online sites for validity, producing real and dangerous results, says Acqra Limited's Jessica Lenung. Risk Payment fraud Merchant Cards E-Commerce

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Digital Technologies Drive Innovation In Retail, Payments


Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount.

Goldman Sachs to take over General Motors’ credit card business

Payments Source

Goldman Sachs Group Inc. signed a deal to take over General Motors' credit card portfolio. Goldman Sachs Credit cards

MercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale


Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles. “We’re

Bitcoin surge prompts new warnings from regulators


Regulators issued fresh warnings on investing in cryptocurrencies after Bitcoin skyrocketed to a new all-time high last week. The UK’s Financial Conduct Authority (FCA) cautioned consumers about the high risks involved in investing in cryptocurrencies. “Investing in cryptoassets

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Supplemental Health Insurance Fills Payment Gaps For A Younger, Mobile Consumer


Reining in the rising cost of healthcare and simplifying the elaborate insurance system we use to pay for it has to be the best-known problem in the country that, despite decades of debate, nobody’s been able to fix. According to Ian Blumenfeld , who has a Ph D.

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Wells Fargo pledges to cut $8 billion in overhead. Is it enough?

American Banker

CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors. Wells Fargo Expense management Earnings Charles Scharf

Why Trader Joe’s, Dollar General And Instacart Will Pay Workers To Get Vaccinated


Trader Joe’s, Dollar General and other companies that employ thousands of front-line hourly or gig workers have announced plans to pay bonuses to those who get the new COVID-19 vaccines. “We

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Fintechs eye automation with nearly $1B in funding


Fintechs MX and Blend secured $300 million funding rounds Wednesday just as both companies top off plans for digital innovations in the coming months. Global payments fintech Rapyd also joined the pack with its own $300 million package, which it will use to expand its engineering teams.

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.