Chris Skinner
APRIL 16, 2019
When I talk about FinTech, I often reflect on the first time I encountered what I would, today, call a truly FinTech firm. It was on March 30, 2005, and a newly formed firm presented at the Financial Services Club an idea. The idea was to connect people with money … The post Will a global platform connect all of our money? appeared first on Chris Skinner's blog.
Payments Dive
APRIL 16, 2019
Facebook and PayPal are beginning to make investments in blockchain that could have a major impact in the payments business.
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Bank Innovation
APRIL 16, 2019
While many banks are shutting down branches, Bank of America is adopting a "high-tech, high-touch" strategy, which will result in the addition of 350 branches, or what it calls "financial centers," across the country over the next two years. Once these new financial centers are opened by 2021, "our network will provide coverage for more […].
PYMNTS
APRIL 16, 2019
While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution. A solution, he told PYMNTS four years ago , that had nothing to do with financial services or lending at all — they were actually studying hiring and figuring out ways to track employability over time with data.
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
APRIL 16, 2019
Mastercard today announced the rollout of a streamlined real-time rewards program that eschews the traditional multi-step path to redeeming rewards and cash back. The Purchase, N.Y.-based payments processor has entered partnerships with merchants such as Lyft, Fandango, Boxed and Postmates to automatically and instantly trigger rewards for World Mastercard and World Elite Mastercard cardholders in […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
APRIL 16, 2019
The big four U.S. banks are adding more active mobile users than overall digital users on both a quarter-over-quarter and year-over-year basis, earnings reports for the first quarter of 2019 show. Combined, these banks now account for more than 136 million active digital users, of which nearly 96 million are active mobile users, in North […].
PYMNTS
APRIL 16, 2019
The Intelligence of Things (IoT) has become a fixture of everyday life, with more than 14 billion connected devices expected to be in use by the end of 2019. However, as IoT continues to proliferate in more industries and use cases, concerns about data privacy have quickly followed, with consumers and lawmakers ra ising concerns about attacks from bad actors.
Payments Dive
APRIL 16, 2019
Country data-sheet: mobile payments in Poland
PYMNTS
APRIL 16, 2019
Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. Announced Tuesday morning (April 16), the deal gives Mastercard a new role in the alternative financing space. “Vyze’s platform connects merchants with multiple lenders, allowing them to offer their customers a wide range of credit options online and in-store and ultimate
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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
Payments Source
APRIL 16, 2019
SnapPay has grown rapidly in its role as an acquirer and payments gateway for Chinese mobile payment acceptance in North America, and it is ready to show merchants the next step.
PYMNTS
APRIL 16, 2019
After much of Chicago burned to the ground in 1871, rebuilding the city involved various fundraising and restorative strategies. One famous effort took the form of donated books sent from common people (and royalty) in the U.K. to help build a new, free and public library in the capital of the Midwest – a gesture that can still make the city’s locals smile with awe and gratitude.
Payments Source
APRIL 16, 2019
Payments providers can use this announcement as a chance to evaluate their mobile payment offerings and gain a better understanding of consumers’ evolving expectations in order to better serve their merchants, writes Casey Bullock, general manager of global enterprise e-commerce for North America at Worldpay.
PYMNTS
APRIL 16, 2019
To paraphrase a TV show that many are no doubt watching (or binge watching to catch up), replete with dragons, thrones and rather grisly games: The application program interface (API) is coming. The API seems to be on everybody’s lips, a catchphrase or buzzword for a sea change in banking that has the potential to upend the way we do business across any type of interaction.
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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
ATM Marketplace
APRIL 16, 2019
The decision by Amazon to change course with its cashless Amazon Go stores offers a cautionary tale for retailers about the likely fallout when they try to exclude fiat currency as a payment choice for potential customers.
PYMNTS
APRIL 16, 2019
Retail apocalypse? Mere culling of the herd? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. That said, there is always opportunity in the strangest of places. Among the latest dim figures about brick and mortar (or, if you prefer, the latest bright news for eCommerce operators)?
Payments Source
APRIL 16, 2019
Some companies believe that their employees will know the difference between legitimate versus spoofed emails. While this might be true some of the time, even one mistake can be costly, writes David Barnhardt, executive vice president of product at Giact.
PYMNTS
APRIL 16, 2019
Facebook’s payment service in the U.K. and France is being shut down after it failed to take off in the two countries. Finextra , citing a Facebook spokesman, reported the P2P payment service that worked through Messenger was launched in 2017. Facebook had been able to get all of the leading banks in the U.K. on board but the service didn’t resonate with consumers.
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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.
Bobsguide
APRIL 16, 2019
While a stern warning issued by the UK's Financial Conduct Authority (FCA) to the insurance sector affects a small slice of the industry, the regulator is displaying a welcome willingness to use innovation to drive change, according to market participants. “[The FCA] is being very.
PYMNTS
APRIL 16, 2019
Furthering its mission to make payments easier for people so they can be financially healthy, Klarna , the U.K. payments company, announced the launch of Mindful Money, a digital content hub. In a press release Tuesday (April 16), Klarna said the hub will be home to personal finance tips and ideas that come from third-party contributors chosen by Klarna.
Bobsguide
APRIL 16, 2019
Bank resolution frameworks are so focused on past lessons they are failing to prepare for potential future events, according to the acting head of department of financial stability and consumer protection at the Swedish National debt office. “To compare it to the military, there is always a.
PYMNTS
APRIL 16, 2019
It takes a lot of work for brick-and-mortar merchants to convince passersby to enter their stores. Retailers put together window displays and signs to create enticing storefronts, engage customers via social media and send printed ads through the mail. Given the cost and work involved in converting passersby, merchants should also focus on retaining those who have already demonstrated interest in their goods and building their loyalty.
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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.
Payments Source
APRIL 16, 2019
By Mastercard’s own reckoning, the point-of-sale financing space is a $1.8 trillion market in the U.S. alone, making its Vyze acquisition a natural way to pursue an opportunity that’s being gobbled up by fintechs and card alternatives.
PYMNTS
APRIL 16, 2019
The city of San Francisco moved a little closer to banning facial recognition software after adding amendments to the Stop Secret Surveillance ordinance. According to a report in VentureBeat , the amendments to the ordinance will be open to public comment before the County Board of Supervisors votes on it. If it passes, San Francisco would become the first city to ban the technology that is used to unlock mobile devices and make purchases.
Payments Source
APRIL 16, 2019
Two months after Mastercard lawyers urged an English appeals court to follow the lead of antitrust judges that had tossed out a multi-billion pound class action lawsuit from U.K. consumers over credit card charges, that appeals court has ruled against the credit card giant.
PYMNTS
APRIL 16, 2019
Walmart CEO Doug McMillon went on a two-day trip to Bangalore, India and said his company is committed to the Indian market, and that the country presents a huge opportunity, according to reports. The company, which acquired Indian eCommerce outfit Flipkart nearly a year ago, also said a level playing field for all businesses is important for economic growth in the country.
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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.
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