Wed.Sep 23, 2020

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Upgrade Your Mobile Experience With Mini Apps and App Clips

Perficient

Have you heard about Mini Apps or Apple’s new App Clips feature? I think these technologies have a way to dramatically improve the mobile experience if you can take advantage of them. Both concepts are relatively new, with Apple’s App Clips becoming available in IOS 14 this month (see our Prepare Your App for IOS 14 introduction ). Snapchat introduced Mini Apps in 2020 as well.

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PayPal, Mastercard Add 5 EU Countries To Debit Card Offering

PYMNTS

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to more businesses in Europe. The companies said in a Wednesday (Sept. 23) announcement that the card is now available in France, Austria, Italy, Ireland and Spain beyond its current availability in the United Kingdom, Germany and the United States. Small businesses can have immediate access to their PayPal funds and unlimited 0.5 percent cash back on all of their eligible spending with the debit card.

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Open Banking and CDR data—learn from the leaders to drive growth

Accenture

For leading incumbent banks, Open Banking or, as it is enacted in Australia, the Consumer Data Right (CDR), is not just a regulatory imperative. They see it as a new revenue opportunity and a source of competitive advantage in the financial services industry that can be captured by making the right power plays in the application programming interface (API) and open-data economy.

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Making Digital Card Features Stick – And Sticky

PYMNTS

Consumer engagement has become a very different ballgame for financial institutions (FIs) in the past several months, as the physical branches that were the cornerstone of making connections with customers closed down. That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversatio

Cards 283
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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COVID-19’s impact on banking and capital markets

Accenture

The COVID-19 pandemic has had a significant impact on the banking and capital markets (B&CM) industry as liquidity, rates and fees continue to be stressed and regulatory and business-driven demands evolve rapidly. The pandemic’s disruption of global supply chains and markets has created significant market volatility, driving interest rate cuts and increasing the need for governments, companies and individuals….

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More Trending

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Digital, blockchain payments can fill gaps in financial services—but are no replacement

Payments Source

The conversation around advancing the distribution and use of digital currency gets a boost every time the banking system stubs its toe. And there have been many recent examples of financial system problems to point to.

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Boston Fed Chief Warns Of US Credit Tightening; Calls For More Aid

PYMNTS

The U.S. economy could face a credit crunch as the weather gets colder if the coronavirus worsens, experts warn, Reuters reported. Some of the warning signs could be a rise in foreclosures and more business bankruptcies. Without additional financial aid, all of these things could make it harder for both consumers and businesses to access credit, according to Boston Federal Reserve President Eric Rosengren.

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Mastercard opens Apple Card digital-first card-issuing model to processors

Payments Source

Mastercard is making the much-admired Apple Card-like experience—nearly instant access to a payment card issued on the spot through a mobile device—available through mainstream and digital card processors.

Apple 165
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Restaurants Get Ready For An Uncertain Holiday Season

PYMNTS

The pandemic has been fundamentally disruptive for restaurants, requiring rapid pivots — mostly on the fly. Such has been the case for Boston wine bar haley.henry , an eatery known for small plates, tinned fish and all-natural, small-batch wines shipped from all over the world. When the pandemic hit, there wasn’t much at first for the James Beard award-winning site to do but close its doors, owner-operator Haley Fortier told PYMNTS in a recent conversation.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Should payments companies continue waiving fees for post-coronavirus recovery?

Payments Source

As the pandemic has stretched on further into 2020, with more lockdowns and economic disruption predicted heading into the fall and winter, continuing to offer fee waivers has not always proved financially viable.

Company 154
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Mastercard Grows Its Digital-First Card Program In North America

PYMNTS

As demand increases for digitally-driven money management solutions, Mastercard has expanded its Digital-First Card Program in North America. The global technology company has partnered with payment processors PTS, Fiserv, CoreCard, FIS, i2c, Galileo, Marqet and TSYS to provide them with digital guidelines that will enable customers to get near-instant access to card information and the peace of mind to make secure transactions, among other benefits, the company said in its announcement on Wedne

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CFPB Announces Eighth Consent Order for False and Misleading Mortgage Advertising of VA-Guaranteed Mortgages

CFPB Monitor

On September 14, 2020, the CFPB announced a consent order against ClearPath Lending, Inc. (ClearPath), which includes a civil money penalty of $625,000 and requirements to prevent future violations. The consent order represents the CFPB’s eighth consent order since late July, 2020 against a mortgage company to settle allegations by the CFPB that the company engaged in false and misleading advertising to service members and veterans.

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The Wild Ride Of Mobile Order-Ahead Apps

PYMNTS

People for whom dining out is one of life’s best pleasures have had a rough time in 2020, and it’s probably going to stay weird for a while. Even New York City has now greenlit indoor dining, but the great restaurant sector reset of 2020 is far from finished. As we discover in PYMNTS’ September 2020 Mobile Order-Ahead Tracker® done in collaboration with Kount , “[The] number of food delivery app users could climb 25.2 percent to 45.6 million in 2020 as consumers continue to heavily rely on these

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The State of Automation in Financial Services 2024 Report

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

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Wirecard loses another suitor as BBVA-backed lender drops out

Payments Source

Wirecard AG’s administrator is facing declining interest in the disgraced payment company’s German assets after another potential buyer followed Deutsche Bank AG’s lead and pulled out of the bidding.

Payments 121
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Jumio Unveils Identity Verification With Biometrics For Microsoft Azure

PYMNTS

California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients. The technology allows for a biometric and instinctive method of verifying new clients prior to the time that they receive login information, according to an announcement.

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Retailers' tech integrations need to reach an audience of one

Payments Source

This “audience of one” approach gives customers offers that are personalized to them, enhancing the relationship with your brand and building trust, says Mobiquity's Sree Singaraju.

Retail 117
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Compliance In The Clouds: How The Pandemic Is Affecting Banks' Cloud-Native Futures

PYMNTS

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. These rules govern how digital banking is managed and which types of data are considered sensitive, and they were developed to keep pace with a steady rise in digital banking adoption.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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The cloud can link payroll to larger HR automation

Payments Source

A cloud-based system makes it easier to communicate with staff on matters outside of payroll, says OnPay's Katelyn Sullivan.

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GoodRx’s Strong IPO Shows Disruption Could Be The Cure For Costly Prescriptions

PYMNTS

On a day when the tech-heavy Nasdaq Composite Index fell more than 3 percent, one new issue stood out. Shares of GoodRx soared 53 percent on their first trading day Wednesday (Sept. 23) after the company staged an initial public offering (IPO) at $33 a share. The gains show how sanguine investors are about disrupting the pharmacy prescription space.

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PayPal Business Debit Mastercard expands into France, Italy and Spain

Payments Source

PayPal is bringing its contactless Business Debit Mastercard rewards card into five additional European countries.

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Fauci: General Public Might Get COVID-19 Vaccine Doses By March, April 2021

PYMNTS

National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci told lawmakers Wednesday (Sept. 23) that 50 million COVID-19 vaccine doses might be available by November and possibly a further 100+ million in December, but the general public will not get them then. “If you're talking about who's going to get vaccinated in December or November, it is not going to be a large proportion of the population,” Fauci said.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Touchless payments are here to stay, Amex says

BankInovation

The rise in digital and contactless payments among consumers and merchants is likely to stick post-pandemic as preferences shift from cash to tap, according to fresh data from Amex. For both businesses and consumers, contactless payments are no longer the secondary payment method, according to the Amex 2020 Digital Payments Trends Survey released Monday.

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Online Gaming’s Winning Payouts Plan

PYMNTS

A lot has changed in the past six months, particularly in terms of consumer preferences and preferred forms of entertainment. But George Connors , senior vice president of gaming and sports solutions at Fiserv , told PYMNTS in a recent conversation that other things have remained the same — like online gaming. Connors said gaming enthusiasts simply “love to gamble” and are going to find a way to place their bets — whether they are in a casino or making wagers online.

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2021 FICO Decisions Awards Now Open

FICO

Our customers all around the world bring together innovative approaches and technologies to conquer their challenges. The FICO Decisions Awards shine the spotlight on some of the best success stories of the year. Companies that have used the power of our platform and specialized solutions to gain insights from their data and operationalize analytics to achieve industry-leading results.

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Today In Payments Around The World: PayPal, Mastercard Expand Debit Card Offering In Europe; ECB President Advocates For Digital Euro

PYMNTS

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms. PayPal, Mastercard Add 5 EU Countries To Debit Card Offering.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.