Thu.May 16, 2019

Five phases of FinTech (2005-2027)

Chris Skinner

Three years ago, I blogged about three phases of FinTech. Three years later, I can expand on that theme and talk about five phases of FinTech.

Cashless payment capability boosts both cash and card sales in vending

Mobile Payments Today

Research confirms that cashless readers do not undermine cash sales in a vending machine. In fact, the cashless technology serves to improve both cashless and cash activity, particularly for machines doing lower volume sales

Cards 273

Things worth reading: 17th May 2019

Chris Skinner

Metro 228

Cashless payment shows disparate impact in vending machines than in traditional retail

Mobile Payments Today

Research confirms that cashless readers do not undermine cash sales in a vending machine. In fact, the cashless technology serves to improve both cashless and cash activity, particularly for machines doing lower volume sales

Retail 243

Online Retailers Face New Threats From Hackers

PYMNTS

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers.

Retail 279

Recognize Customers During Self-Service Experience

Mobile Payments Today

Imagine the power of personalized self-service experiences. Consumer's appreciate acknowlegment and personalization. With IoT-connected self-service devices and Artificial Intelligence, brands can better understand and satisfy customers

How banks are using incentive compensation management to help increase revenue and drive growth

Insights on Business

In a competitive financial marketplace, banks are turning to incentive compensation management (ICM) solutions for competitive advantage.

More Trending

Study finds mobile surpasses PC enrollments

Bank Innovation

Mobile enrollments made some major leaps this year, surpassing even computer enrollments. According to a study from IDology, an identity verification and fraud prevention company, 61% of Americans used a smartphone to enroll in some sort of an account this year, while 56% used a computer or laptop.

Study 153

What 98 Pct Of Consumers Miss About Protecting Their Cards From Fraud

PYMNTS

From finding a nearby restaurant to finding a date, smartphone location controls are used by consumers for many cases. These mobile controls, however, also offer consumers a powerful tool for dealing with arguably higher stakes: the risk of credit card fraud.

Cards 260

Canadian Startup KOHO raises C$42m to Expand Banking Services

Bank Innovation

KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services. KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features.

Customer Service’s Future: Humans And Machines In Cahoots

PYMNTS

The robots are coming, and they are going to take our jobs. A simplification, perhaps — but if one were looking for the simplest statement to explain the narrative following the era of automation, that would probably be it.

The future of cards, contactless and biometrics in payments

ATM Marketplace

With big players like Mastercard and Visa now mandating that all new cards and payment terminals issued must be contactless-enabled, global growth of the technology is set to soar in the next few years. This sets the stage perfectly for biometric payment cards

Cards 125

Mastercard Revs Its Payments Innovation Engine

PYMNTS

Take a minute and think of the morning rush at a favorite coffee shop. The beverages roll off what amounts to an assembly line before landing on the far counter.

What is the real difference between Data Science and Software Engineering Teams?

Dataconomy

Although there are lots of similarities across Software Development and Data Science , they also have three main differences: processes, tooling and behavior. Find out. In my previous article, I talked about model governance and holistic model management.

Digital Marketplaces’ Growing Role In The Gig Economy

PYMNTS

The gig economy has operated — and thrived — in a gray area. There has been a question as to whether workers are actually employees or contractors.

Study 244

Data As Experience: Designing For The User

Perficient Financial Servies

This is a continuation of my Data As Experience Series. My last post in this series focused on Context. Designing for The User. All too often, I see a report designer think more about how to make a report grab the right data than about what the end user really needs.

Data 95

The Future Of Customer Service Is Humans And Machines Working Together

PYMNTS

The robots are coming, and they are going to take our jobs. A simplification, perhaps – but if one were looking to find the simplest statement explaining the narrative following the era of automation, that would probably be it.

Why We’re Excited for NASCO Converge 2019

Perficient Financial Servies

Helping Blue Cross Blue Shield Companies Win in the Market. This year’s NASCO conference, Converge 2019, will kick-off June 3-6, 2019. This conference will be centered on where collaboration, innovation, and technology intersect.

ACH Logs 9 Pct B2B Payments Growth In Q1

PYMNTS

Data from the ACH Network shows growth in payment volumes and values across a number of classifications. That’s especially true in B2B payments, where the numbers show 9 percent growth year over year. More generally, the network reported that the total number of payments was up 5.8

Organizational Impacts

Perficient Financial Servies

The Doctors Mayo and Sisters of St. Francis created a unique model of teamwork in service to patients, which continues today. This is the fourth in a series of blogs on the subject of Cloud Transformation.

Payments Remain Key To Customer Service For Bank Of The West

PYMNTS

Most consumers look at banking as a time-consuming chore. They have many options to choose from and their loyalty can be fickle, making onboarding and engagement challenging.

Silicon Valley Stock Exchange and the Saints of Wall Street

Daily Fintech

A week ago, the news of the Long Term Stock Exchange (LTSE) backed by some of the biggest names in Silicon Valley emerged.

Buffett’s Berkshire Buys $860M Of Amazon Shares

PYMNTS

Warren Buffett’s Berkshire Hathaway revealed in a regulatory filing that it owned $860.6 million of Amazon shares at the end of March. The filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler.

Apple 223

areeba, Wallet Factory partner for mobile payment service in the Middle East

The Paypers

(The Paypers) areeba has signed an agreement with Wallet Factory , who will provide areeba with technology to enable mobile payment services in the Middle East

How APIs Customize The B2B Buying Experience

PYMNTS

The B2B eCommerce landscape is nearing a $1.8 trillion valuation , as corporate buyers begin to demand the same online purchase experience in their professional lives that they have in their personal lives.

Dealerships Provide Luxury Through an Omnichannel Experience

Perficient Financial Servies

Automotive dealerships are changing the searching and purchasing process. These dealerships are taking steps to implement a new omnichannel experience. Think back to the last time you bought a car.

Alibaba’s Ma Worries EU Regulations Will Stifle Tech Innovation

PYMNTS

Jack Ma, the Chinese billionaire and founder of Alibaba, expressed concerns technology companies will be harmed by increased regulation coming out of Europe.

'Absolutely devastating’ to small lenders: Lawmakers lay into CECL

BankThink

Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard.

FDIC 92

Mastercard Brings AI-Powered Voice Assistants To QSRs

PYMNTS

Mastercard announced Thursday (May 16) it inked a partnership with ZIVELO, a self-service kiosk technology company, to enhance the drive-in ordering experience for quick service restaurants (QSRs).

Should San Francisco's ban on face-recognition tech worry banks?

BankThink

Police and city agencies can no longer use facial-recognition technology, which civil liberties groups say infringes on human rights. The measure may be an ominous sign for biometric login authentication.

Innovating New Direct Paths To Customers For DTC Startups

PYMNTS

The trouble with direct-to-consumer (DTC) brands is that the name belies how hard it actually is to reach and recruit the consumer. This is particularly hard for unknown emerging brands — and it gets exponentially harder the more crowded the field gets with competitors.

Cornell professor launches own crypto coin

BankThink

Some of the biggest venture capitalists in the field are backing a new digital currency being offered by a leading blockchain academic. Bitcoin Blockchain Distributed ledger technology Venture funding Venture capital

How Marketplaces Are Prepping For SCA

PYMNTS

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem.

TruNarrative taps Jumio for fraud detection and customer onboarding services

The Paypers

(The Paypers) Jumio has partnered with TruNarrative to provide identity verification to TruNarrative’s financial crime platform for fraud detection and customer onboarding

Fraud 60

Kaleido Eyes Biz Payments, Supply Chains With Tech Stack Launch

PYMNTS

Enterprise blockchain-as-a-service company Kaleido is rolling out a new B2B tech stack for corporates designed to address friction in their core payments and supply chain processes by making it easier for organizations to access these tools and deploy blockchain apps.

Tools 189

Federal law could protect US banks from data deluge

Bobs Guide

Financial services firms in the US are being overwhelmed by the volume, variety and velocity of sensitive data they have to process, according to Kristina Bergman, CEO of Integris Software, and calls from the Consumer Banking Association (CBA) for a federally-mandated privacy law could help solve a

Taking A Customized eApproach To Furniture

PYMNTS

Some entrepreneurs are inspired to start companies because of their experiences: Edgar Blazona was tired of going to dinner parties and hearing how challenging it was to order furniture.