Wed.Nov 06, 2019

FX transfers that are wise

Chris Skinner

I got an email the other day from TransferWise, a service I use frequently. Why do I use it? Because I moved to Poland. Poland’s currency is the Zloty and paying everything on my card in British Pounds with conversion rates seemed stupid.

Cards 281

It’s time for banks to take cues from big tech

Bank Innovation

Last week’s Money 20/20 in Las Vegas showcased numerous innovations in financial services, ranging from the launch of Uber Money to Facebook’s continued push for Libra, and the growth of Amazon Pay.

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Things worth reading: 7th November 2019

Chris Skinner

Things we’re reading today include … Deutsche Bank collapse rebuttal sets off Twitter storm Factbox: How the SEC is making life easier for corporate America Goldman’s journey: from high finance to the Mittelstand Second U.S.

Deloitte Digital taps Finxact to help banks boost digital capabilities

Bank Innovation

As legacy banks build competitive arsenals against digital-only challengers, partnerships are the way forward. Deloitte and Finxact, a Jacksonville, Fl.-based

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!

FinCEN Issues Advisory on the Financial Action Task Force Updated List of Jurisdictions with AML/CFT Deficiencies

Abrigo

3 minute read Key Takeaways Three countries are added to the FATF list: Iceland, Mongolia, and Zimbabwe. DPRK and Iran continue to need enhanced due diligence. FinCEN released update guidance around these FATF updates. .

More Trending

How to Increase Member Business Lending

Abrigo

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. Going digital can help reduce the cost of small business lending and capture more member business loans.

Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov.

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4 Trends From Money 20/20 That Will Influence Your Bank

Banker to Banker

Last week’s Money 20/20 conference in Las Vegas proved that it remains one of the best conferences for banks that are serious about innovation, particularly as it revolves around payments.

Why Barclaycard Says Consumers Are Key To SCA Success

PYMNTS

As Strong Customer Authentication (SCA) becomes fully implemented, the merchants, banks and third-party payment services within the European Union (EU) are still working out the particulars.

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.

What The Fed Pause Means For Commercial Loan Production

Banker to Banker

COMMERCIAL LENDING STRATEGIES

Building A Challenger Bank That Actually Challenges Traditional Banking

PYMNTS

There are several reasons why consumers might complain about the services provided by their traditional banks.

Maine 195

Processors often overpromise, leaving businesses holding the bag

Payments Source

Firms often say they’ll increase conversion rates and offer discounts, but the reality is more complicated, contends 2Checkout’s Erich Litch. ISO and agent Payment processing Retailers Digital payments Payment cards Security risk

Cards 110

P2P Payments’ Rising Appeal Beyond Millennials

PYMNTS

Peer-to-peer ( P2P ) payments are exploding. P2P payment network Zelle’s Q3 results show its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent. During the quarter, $49 billion was sent through the Zelle Network in 196 million transactions.

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.

How Europe's banks plan to counter Visa, Mastercard

Payments Source

Isolationist politics are creeping closer to the payments industry, with European banks threatening to build a localized payment ecosystem to push back against the major American card brands. Network rules Payment processing Cross border payments Europe

Coupa Taps Amex, Mastercard Track In Spend Management Expansion

PYMNTS

Enterprise spend management solution provider Coupa is expanding its offering with new features and a partnership with American Express, the companies said Wednesday (Nov.

JPMorgan has a plan to help Amazon and Airbnb look more like banks

Payments Source

An e-wallet in development would give tech companies the ability to provide millions of customers virtual bank accounts and to offer perks such as car loans or discounts on home rentals to those who keep money stashed there. Payments Digital banking E-Commerce JPMorgan Chase Amazon Uber Airbnb

Fiserv Payments Revs Up 6 Pct, While eComm Gains Double Digits

PYMNTS

Fiserv reported results for the third quarter that, in the wake of its acquisition of First Data, showed progress on realizing revenue synergies and growth in sales of its Clover offering. The company posted adjusted earnings of $1.02, which topped consensus of 99 cents.

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.

Amex, Coupa Pay chart a global course for digital supply chain payments

Payments Source

American Express is integrating its virtual cards with Coupa Pay's corporate business spending platform for clients in the U.K and Australia by the end of 2019, with plans to extend the service in the U.S. in mid-2020.

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Why Being Proactive Can Create Fraud Blind Spots

PYMNTS

When it comes to fighting fraud, it’s not really what you know – not exactly, at least. It’s what you don’t know, and how you go about finding those gaps and putting up defenses via better data and new technology.

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Asian firms set a payments innovation example for the world

Payments Source

Ant Financial's success is instructive in the way it developed products that reach many different areas of their finances. And it's hardly the only success story to come out of the Asia Pacific Region, says Rapyd's Eric Rosenthal.

JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts

PYMNTS

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov.

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!

Morning Brief 11.6.19: Paytm sheds one-time passwords for most payments

Payments Source

Interac makes an ID deal; a Calibra exec takes a long view for Libra; and other information you need to start your day, from PaymentsSource and around the web. Briefing

FinTech Startup Digits Notches $10.5M

PYMNTS

FinTech startup Digits has announced the close of a $10.5 million Series A funding round, led by Benchmark. There was also participation from 72 angel investors in the funding, including founders and CEOs from companies like Box, GitHub, Tinder, Twitch, Stitch Fix, SoFi and others.

Green Dot's future is less Walmart, more Apple and Uber

Payments Source

After the last two decades of selling prepaid cards and bank accounts direct to consumers, Green Dot has increasingly been shifting gears to rent out its payments and banking infrastructure to nonbanks who want to offer cards and banking services to their users.

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Mining The Meaning Of China’s Bitcoin Mining Backtrack

PYMNTS

Mining — on again, off again, back on again in China. That is not the mining of which one might think — not the stuff that comes out of the ground, like metals and coal, but bits and bytes. Reports came on Wednesday (Nov.

Data-Driven Marketing 101

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