Fri.Jun 26, 2020

Six contactless technologies for restaurants in a post-pandemic world

Mobile Payments Today

Restaurants looking to recover from the COVID-19 pandemic should consider a series of contactless ordering and payment technologies that will help bring customers back in a secure and healthy environment

Ernst & Young Under Scrutiny Over Wirecard Accounting Practices

PYMNTS

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 billion) in cash, the Financial Times reported.

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Digital self service for payments in a post-pandemic world

ATM Marketplace

What will customers think about post-pandemic when it comes to the payments industry? Adam Crighton from NCR gives his take on the future

Investors Back B2B Startups With An Eye On SMB Finance

PYMNTS

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies.

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!

This Week in Fintech ending 26 June 2020

Daily Fintech

This weekly summary from our 8 experts, brings you insights based on their experience as investors, entrepreneurs & executives.

More Trending

Dashed hopes: Amazon's (mostly) failed plan for in-home payments

Payments Source

Amazon's Dash devices were an early, blunt take on the internet of things. But over the years Amazon has gradually phased out its Dash product line in favor of voice-based Alexa shopping and other alternatives. Amazon Online payments Mobile payments Digital payments Internet of things

Amazon Adds Driverless Car Maker Zoox To Its Portfolio For $1.2B 

PYMNTS

Amazon will reportedly pay more than $1.2 billion to acquire Zoox , the Foster City, California self-driving technology company, the Financial Times (FT) reported. .

There’s No Room for Luck in a Preparedness Plan

Gonzobanker

It’s time for financial institutions to update their business continuity plans with lessons learned from COVID-19. A financial institution executive recently told me, “The difference between firefighting and fire prevention is a good contingency plan.”

DOJ Nearing Decision On Antitrust Suit Against Google

PYMNTS

The U.S. Department of Justice (DOJ) is nearing the end of its antitrust investigation of Alphabet Inc’s Google as it considers whether to charge the tech giant this summer, Reuters reported.

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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.

Global bank account fraud attempts rose beginning in mid-March

Payments Source

Details about the level of global fraudulent attacks on consumer bank accounts during the coronavirus pandemic are coming into focus with new data from TransUnion. Fraud detection Transunion

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Making Cash Relevant In The Era Of Digital Payments

PYMNTS

People love to predict traditional money’s imminent demise. Countless think pieces have been written about how cash is on its last legs, but somehow it keeps sticking around.

Visa, Mastercard weigh cutting Wirecard ties after scandal

Payments Source

Visa Inc. and Mastercard Inc. are considering revoking Wirecard AG’s ability to process payments on their networks in a move that would cause further pain for the firm after it started insolvency proceedings. Cross border payments Digital payments Prepaid cards Wirecard

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Why 7-Eleven Is Betting On Voice Commerce To Keep Customers Loyal

PYMNTS

7-Eleven rocked the world of customer loyalty this week, which should be no surprise to anyone who has seen Tarang Sethia in action. As the company’s chief digital officer, Sethia and his team have built what is arguably the most valuable loyalty program in retail with more than 33 million members.

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.

Inside Look: The meteoric rise of point-of-sale lending in the U.S.

Bianca Chan and Rick Morgan

Almost a century ago, when the U.S. economy began to show signs of recovery after the initial shockwaves of the Great Depression, General Electric launched a point-of-sale lending product to provide cash-strapped customers with installment loans so the manufacturer could sell its product.

Wells Fargo: First Impressions Are Key When It Comes To Digital Onboarding

PYMNTS

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services.

Mastercard promises to increase Black leadership by 50% by 2025

Payments Source

Mastercard Inc. vowed to improve the diversity of its leadership ranks, saying it plans to increase the number of Black leaders at the vice president level and above by 50% by 2025. Diversity and equality Mastercard Recruiting

Mastercard, Visa Rethinking Wirecard Deals Amid Accounting Scandal

PYMNTS

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported.

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

As society changes, so does fraud

Payments Source

Always view fraud prevention tactics and strategies within the proper context. Be aware of current economic and societal conditions and analyze how behaviors may vary, says Sift's Jeff Sakasegawa. Risk Payment fraud Coronavirus Payment processing Data science

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WhatsApp, Brazil Central Bank In Talks To Restore Payments Service

PYMNTS

WhatsApp , after Brazil’s Central Bank shut down its payment functions in the country earlier this week, has signaled that it could work things out soon, Reuters reported.

2020 ATM Remote Key Loading Report

ATM Marketplace

ATM Key Management Report, Updated June 2020

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This Week In Payments: Saving Small Business

PYMNTS

The first half of 2020 has been rough on small businesses of all kinds, whether they had to close their doors due to public-health orders or had to relocate their staff to working from home virtually overnight.

How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

Where FDIC, OCC chiefs differ on post-pandemic banking

American Banker

While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending. FDIC Artificial intelligence Jelena McWilliams OCC Coronavirus Brian Brooks Law and regulation

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Study: Higher Spending On Dining Out Could Forecast A Rise In The Virus

PYMNTS

Aa JPMorgan study suggests a connection between increased spending on dining out and a quicker proliferation of COVID-19. Jesse Edgerton, an analyst, discovered that heightened eatery spending in a state forecast a new instances of the virus in that location three weeks subsequently, CNBC reported.

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App vulnerabilities on the up as banks add new features

Bobsguide

An increase in mobile banking application features may make them more vulnerable to fraud, experts say. According to Nikolay Anisenya, mobile application security research team lead at Positive Technologies, fraud protection is largely out of customers’ control. “As a customer

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EY Says Wirecard Gave False Statements During 2019 Audit

PYMNTS

According to auditor Ernst & Young (EY) , German payment processor Wirecard knowingly gave false statements and was in the midst of “elaborate and sophisticated fraud involving multiple parties around the world” in regards to $2.1 billion on its books that may not exist.

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.