Payments Dive
JUNE 28, 2018
The success in China is largely driven by consumers' adoption of mobile wallets like Alipay and WeChat/Ten Pay, which make up the majority of the mobile payment market.
Chris Skinner
JUNE 28, 2018
You may have seen that Ticketmaster just announced that thousands of customers worldwide may have been affected by a hack. If you didn’t here’s the low-down (via ABC News) The company said its British business, Ticketmaster UK, identified malicious software on a customer support product which was hosted by a … The post When the bank knows you’ve been hacked (before everyone else) appeared first on Chris Skinner's blog.
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Bank Innovation
JUNE 28, 2018
PREMIUM – Azlo will begin offering lending services to small businesses and gig economy workers this fall, the company announced last week. The fintech, which is backed by BBVA Compass, will be partnering with an undisclosed “non-traditional lending platform” to originate loans. These loans will range between $10,000 and $100,000, and even less Azlo CEO […].
Chris Skinner
JUNE 28, 2018
Things we’re reading today include … Barclays’ investment bank hires trio for digitalisation push Debate over cash machines hots up UBS rogue trader denied appeal against deportation Bank of England warns City bosses about dangers of cryptocurrency craze World Cup feelgood factor convinced Bank of England chief economist rates should … The post Things worth reading: 29th June 2018 appeared first on Chris Skinner's blog.
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.
Bank Innovation
JUNE 28, 2018
Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today. The investment was led by Edison Partners, and includes MissionOG […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 28, 2018
Soccer is a contact sport, but fans are using contactless payments at one of the sport’s most famous events: Approximately 17 percent of purchases with Visa in the World Cup’s 11 Russian host cities, for example, used contactless payment technology with devices such as smartphones, bracelets and rings. However, the share of contactless payments inside the stadiums hit 54 percent — made by fans from Russia and other countries.
Payments Dive
JUNE 28, 2018
Our Business Intelligence Platform is a DCB specific reporting and analytics tool that we have developed and made available with all of the data you require to report and improve on your service performance.
PYMNTS
JUNE 28, 2018
What do Charlotte, NC, and Salt Lake City, Utah, have in common? A lot, if you ask AvidXchange CEO Michael Praeger — which is why the startup saw both locations as a great home base for operations in those respective parts of the country: Charlotte for the East Coast and now Salt Lake City for the West. After four years of growing its presence in the Salt Lake region, AvidXchange has moved into a new facility — part of a $35 million investment it’s making in growing its office in the region.
Payments Dive
JUNE 28, 2018
Local Testing is essential because your business needs the guarantee that your services will work as expected in chosen markets and according to your specific requirements.
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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
PYMNTS
JUNE 28, 2018
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Hive Project’s deal with Gosocket for invoice financing. In addition, EBANX is working with Light In The Box for card payments and Ukraine’s government says it doesn’t plan to regulate cryptocurrency mining. In funding news, Bitkoin Africa has secured funding from early-stage investment fund Microtraction as it seeks to bring together the functions of a crypto exchange with indigenous payment processing
Payments Dive
JUNE 28, 2018
Our universal Customer Support solution enables customers to get in touch with local language agents 24/7 regarding any queries they have surrounding a service.
Insights on Business
JUNE 28, 2018
Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. There are three key acronyms that have topped the agenda in banking technology discussions in recent years – APIs, PSD2 (Payment Services Directive II) and DLT (Distributed Ledger Technology).
Payments Dive
JUNE 28, 2018
Infomedia is partnering with integrated media and global entertainment company WWE to expand their global reach using direct carrier billing (DCB)
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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
PYMNTS
JUNE 28, 2018
More than a decade after merchants brought a class-action suit against Mastercard , Visa and card-issuing banks in 2005, a settlement between the parties is reportedly in the works. While it is not known how the payment would be split, the card networks and a number of banks may pay merchants a total of approximately $6.5 billion, The Wall Street Journal reported.
Payments Dive
JUNE 28, 2018
We have been working closely with EE and other key stakeholders to implement best practice in ensuring consumers are protected at all times.
PYMNTS
JUNE 28, 2018
As digital banking and payments become mainstream, financial institutions (FIs) are stepping up their efforts to improve customer engagement (CE). The moves comes as consumers expect excellent product experiences as compelling new business models and product-level innovations come to market. In particular, CE-focused FIs are more likely to have recently concentrated in areas such as payments technology, mobile payments and analytics than non-CE-focused FIs: while 63 percent of the former said th
Payments Dive
JUNE 28, 2018
Our Checkout Pages solution will make it easier for you to launch new services at a much quicker rate and with reduced costs.
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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.
PYMNTS
JUNE 28, 2018
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Oracle ’s decision to bring its FinTech Innovation Program to Brussels. In addition, blockchain technology is expected to take hold in India and BS/2 plans to expand its point-of-sale (POS) terminal network in Georgia. The blockchain is gaining traction in India , where the market for such technology is projected to grow at a compound annual growth rate (CAGR) of 58 percent during 2018 to 2024, accordi
Payments Dive
JUNE 28, 2018
Included in our range of premium services is a Compliance Monitoring solution provided in partnership with MCP Insight.
PYMNTS
JUNE 28, 2018
One of the recent cyberattacks against Latin American financial institutions, this one targeting Mexico’s central bank, resulted in the theft of a reported $15.2 million. Another one, against Banco de Chile in May, cost about $10 million via fraudulent SWIFT wire transfers. Latin American seems to be making new progress toward more digital payments , and major payments firms — TSYS , just this week, and Visa in late May— are making notable moves and investments toward that future.
Payments Source
JUNE 28, 2018
Capital One Financial Corp. is limiting how account data flows to outside apps for managing finances, prompting a backlash from the bank’s customers who say they have been locked out of their own information.
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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.
PYMNTS
JUNE 28, 2018
Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes Amazon’s latest healthcare move, along with a new digital banking service in the U.K. Visa and Mastercard might be making nice, Walmart digs 3D and JPMorgan has a new idea about how to reach young adults. Amazon Buys Pharmacy Delivery Company PillPack.
Bobsguide
JUNE 28, 2018
My son takes out his phone hundreds of times a day. He is a real digital native. But I’ve noticed a fundamental difference in the way he uses it compared to how I or my colleagues use our devices. For my son and his generation, Siri is almost like a friend to them. They are innately at home.
Insights on Business
JUNE 28, 2018
Artificial intelligence (AI) is no longer a new idea. From autonomous vehicles to spam filters, AI is affecting our lives and the way many companies do business. A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. Some may see this as a no-brainer, but others might not think about AI applications outside the more common uses by banking and financial institutions.
Payments Source
JUNE 28, 2018
As data breaches mount in the "Equifax era," CFOs have a broad vision of enterprise data that can prove helpful in mitigation, according to Lauren Ruef, a research analyst for Nvoicepay.
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