Payments Dive
NOVEMBER 12, 2019
Ron Delnevo, executive director of Europe at the ATMIA, believes in payment choice. He also thinks independent ATM operators play an important role in keeping cash accessible.
Chris Skinner
NOVEMBER 12, 2019
Just over a month away from Christmas and the festive season is off to a rock and roll start. This week sees the launch of the annual John Lewis schmaltzy advert (see every one since 2006 here) and after six on December 5 sees the lighting of the Trafalgar Square … The post Joy to the World … and Please Pay Me! appeared first on Chris Skinner's blog.
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Bank Innovation
NOVEMBER 12, 2019
Apple Inc. pitches its new card as a model of simplicity and transparency, upending everything consumers think about credit cards. But for the card’s overseers at Goldman Sachs Group Inc., it’s creating the same headaches that have bedeviled an industry the companies had hoped to disrupt. Social media postings in recent days by a tech entrepreneur […].
Chris Skinner
NOVEMBER 12, 2019
Things we’re reading today include … Citi accused of trumpeting top trader’s dismissal Germany moves to unblock eurozone banking union City regulator staff slated over ‘shameful’ behaviour at London HQ Bank bosses acting like pilots who have parachutes their passengers don’t, regulator says Millionaire investors hoard larger cash piles Twenty … The post Things worth reading: 13th November 2019 appeared first on Chris Skinner's blog.
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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
Bank Innovation
NOVEMBER 12, 2019
Small business lender Kabbage is growing its reach with e-commerce buyers and sellers, including a partnership with GoDaddy that puts the Kabbage platform in front of GoDaddy’s 19 million entrepreneurs. The partnership with GoDaddy, which launched earlier this month, is a play to reach e-commerce businesses that partner with GoDaddy. GoDaddy is a domain name […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
NOVEMBER 12, 2019
Banks may tout the simplicity and speed of peer-to-peer payments service Zelle, but compared to PayPal-owned Venmo, the experience can seem impersonal. The Venmo social feed, with its ubiquitous beer and pizza emojis, is promoted as a customer loyalty driver and an outreach tool for brands. While most banks have shied away from social aspects […].
Payments Dive
NOVEMBER 12, 2019
Download this new report which explores the findings of a survey commissioned by TNS among US, UK and Australian adults about their current usage of pay-at-the-pump facilities and their willingness to engage with new technologies and services at the fuel dispenser.
Bank Innovation
NOVEMBER 12, 2019
Despite a recent legal challenge, Comptroller of the Currency Joseph Otting said the regulator will continue to advocate for passage of the OCC’s special purpose fintech charter. At the RegTech 2019 conference in New York on Tuesday, he reiterated the case for having nonbanks that offer banking services under regulatory oversight. “We started to pursue […].
PYMNTS
NOVEMBER 12, 2019
The 5G network is rapidly being deployed in markets around the world, and the advance of the network could mean profound changes for the Intelligence of Things (IoT) ecosystem. Two-thirds of businesses have plans to develop new tools and technologies that will leverage 5G by 2020. The IoT world has been looking to the launch of 5G for some time now, with providers, manufacturers and even end users anticipating how it could change the ways they interact with smart devices.
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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
NOVEMBER 12, 2019
Biometrics have been touted as the next leap forward in ATM security. You don't need to memorize a PIN or even carry a card to access cash. So why haven't things like palm vein readers and facial recognition been more widely implemented?
PYMNTS
NOVEMBER 12, 2019
Xoom , PayPal ’s international money transfer service, announced that customers will be able to send money to recipients in the U.S. for the first time via strategic alliances with Walmart and Ria. PayPal’s international money transfer service can potentially benefit more than 44 million foreign-born people in the U.S. who send money to family and friends in their home countries.
Payments Source
NOVEMBER 12, 2019
From its start four years ago as a PayPal service, the Xoom mobile money transfer network has positioned itself as an international P2P app that could rival traditional networks through its speed and ease of use.
PYMNTS
NOVEMBER 12, 2019
To catch payments fraud, man and machine must work together. To that end, PSCU said last month that it has chosen NICE Actimize to modernize disputes management with the latter’s ActOne Extend — billed as an automated, artificial intelligence (AI)-powered investigations and case management platform. The companies said at the time of the announcement that ActOne Extend will help centralize PSCU’s dispute management platform through the use of AI, machine learning and robotic process automation (R
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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.
Payments Source
NOVEMBER 12, 2019
Visa has purchased a minority stake in Nigerian payment processor Interswitch, giving the card brand deeper access to nearly two dozen nations on the continent.
PYMNTS
NOVEMBER 12, 2019
Facebook has announced the launch of Facebook Pay , a payment system meant to operate through Facebook, Instagram , Messenger and WhatsApp. “People already use payments across our apps to shop, donate to causes and send money to each other,” the company said. “Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected.”.
Ron Shevelin
NOVEMBER 12, 2019
For all the press and attention the Apple Card sexism scandal has received, three important questions are going unanswered.
PYMNTS
NOVEMBER 12, 2019
Consumers are individuals and want to be treated that way, but the brick-and-mortar experience was not always personalized. There was a time when consumers would visit retailers that offered one-size-fits-all options. Even with advances in technology, physical stores still lag behind in offering personalization, gamification and other kinds of data-driven experiences.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Payments Source
NOVEMBER 12, 2019
Not long ago, a Walmart Inc. store manager asked the company’s e-commerce department if it could send over the details of any online orders that customers were planning to pick up at the store that day.
PYMNTS
NOVEMBER 12, 2019
Walmart announced Monday (Nov. 11) that it’s introducing Walmart Voice Order to Siri, and that Apple users will now be able to add items to their Walmart grocery lists and order them, all by just using their voices. “(We’re) proud to announce that partnering with Apple, we’ve made Walmart Voice Order available on Siri,” Walmart said. “We are always looking for new ways to bring our customers the best experiences when buying Apple products from Walmart and when using their Apple devices every day
Payments Source
NOVEMBER 12, 2019
Large brands such as Barclays and Amazon recently reversed course and allowed cash to accompany clearly digital strategies, moves that made more sense politically than economically. The question is how long public policy can be the main factor in slowing cash’s decline.
PYMNTS
NOVEMBER 12, 2019
Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. AP automation is a popular target of corporates’ digitization strategies today, and according to new data released last week, researchers expect this industry to flourish at a compound annual growth rate of 11 percent between 2019 and 2024 — hitting a $3.1 billion valuation.
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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.
Payments Source
NOVEMBER 12, 2019
Over the past several years, well-established companies in the space like Klarna and FIS have become big enough to buy competitors, fueling the majority of the M&A we’ve seen of late, says AvidXchange's Michael Praeger.
PYMNTS
NOVEMBER 12, 2019
Retail involves all senses, but as a new decade approaches, it’s become clear that visual commerce is gaining even more steam. To get a better sense of what’s happening in the world of visual retail, PYMNTS recently caught up with Beck Besecker, CEO and co-founder of Marxent , a company that sells 3D commerce technology. Marxent is finding itself in increasing demand among sellers of furniture and home goods, and that makes Besecker a good tour guide for this growing area of commerce.
Payments Source
NOVEMBER 12, 2019
After weeks of enduring a firestorm of negative feedback regarding its proposal to launch the Libra cryptocurrency network, Facebook is turning to a more conventional system by joining other "Pays" in launching Facebook Pay.
PYMNTS
NOVEMBER 12, 2019
Walmart announced Monday (Nov. 11) that it’s introducing Walmart Voice Order to Siri, and that Apple users will now be able to add items to their Walmart grocery lists and order them, all by just using their voices. “(We’re) proud to announce that partnering with Apple, we’ve made Walmart Voice Order available on Siri,” Walmart said. “We are always looking for new ways to bring our customers the best experiences when buying Apple products from Walmart and when using their Apple devices every day
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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.
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