Fri.May 29, 2020

How remote tellers may change the banking experience

Mobile Payments Today

RBR associate Daniel Dawson explains why video banking may provide a solution for financial institutions concerned about social distancing when they finally reopen

Video 291

Using Sensors And IoT To Thwart Home Invasions (Of Privacy)

PYMNTS

To monitor a home and to make sure all is safe and secure means you have to monitor the people and the activities inside. How to do that without destroying privacy in the age of work from home, shop from home, do-everything from home?

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How U.K. fintechs are helping lenders, employers navigate the coronavirus pandemic

Payments Source

fintechs are using their technology to assist British businesses and consumers during the coronavirus pandemic by helping banks disburse emergency business loans, enabling e-commerce merchants to offer installment payments to consumers, and giving employees access to salary advances. Fintech U.K.

What Legacy FIs Miss About The Need For Cloud-Based Infrastructure

PYMNTS

Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts.

Tools 245

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

The U.S. edges out Western Europe for second most EMV chip cards deployed

Payments Source

American financial institutions have surpassed 1 billion EMV chip cards in force to take second place in total EMV cards deployed, behind only the global leader, Asia Pacific

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More Trending

Bitcoin ATMs: Is now the right time to invest?

ATM Marketplace

With the country beginning to get back to business, many industries are looking for new ways to increase revenue. For the ATM industry, Bitcoin ATMs may be a viable option for the future

ATM 101

Sweden?s Economy Grew In Q1 In Absence Of Lockdown

PYMNTS

Sweden is winning the race among European nations to restore the economy from the coronavirus pandemic, according to data published on Friday (May 29), CNBC reported. The Nordic country reported its gross domestic product (GDP), a measure of economic health, grew at an annual rate of 0.4

How mobile wallets keep propping up plastic (or metal) cards

Payments Source

The modern mobile wallet no longer uses a card as a crutch. Instead, it sees it as an additional product that can add revenue from interchange, lending and loyalty. NFC Mobile payments Samsung Pay Venmo Retailers Apple Pay Google Pay Mobile wallets

Goldman Takes Bitcoin To Task

PYMNTS

Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Starling Bank raises ?40 million, bringing 2020 total to ?100 million

Payments Source

Starling Bank has raised £40 million (about $49 million) in its latest fundraiser as it steps up its support for small businesses, bringing its 2020 total to £100 million (about $123 million). Retailers Venture funding

How Disney Is Remaking The Magic Kingdom For Social Distancing

PYMNTS

After officially shutting its doors in mid-March and furloughing staff, Disney World is planning its comeback. The park has officially scheduled a grand reopening for July.

Different channels need different fraud controls

Payments Source

Merchants should also monitor fraud by channel, to see how much each channel contributes to total fraud losses, says ClearSales's Bernardo Lustosa. Risk Payment fraud Online payments Mobile payments Merchant

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Uber Debuts $50 Hourly Ride Option In Select US Cities

PYMNTS

Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced on Friday (May 29).

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

Personal Savings Rate Spikes in April - Effect on Deposit Rates

BankDeals

The federal government released its monthly Personal Income and Outlays report this morning, and it shows a surge in the personal savings rate

Charting The Travel Industry?s Next Adventure

PYMNTS

The first half of 2020 has been particularly grueling for the travel industry. Jeff Cavins , CEO of recreational-vehicle rental site Outdoorsy , likens it to the entire planet “getting hit by a meteor” in terms of what it did to consumer interest in travel.

Bank of America?s in-house AI bolsters investment platform

BankInovation

Bank of America is the latest financial institution to enhance its self-directed investment platform with artificial intelligence.

Uber Says AB5 Could Cost 158,000 Drivers Their Jobs

PYMNTS

If Uber is forced to classify its drivers in California as employees, 158,000 will be out of work, the company said.

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

Weekly Wrap: Wells Fargo fights B2B fraud and Green Dot has a busy week

BankInovation

Green Dot’s banking-as-a-service business made headlines this week, including expanded products for both Walmart and Remitly customers. The company, which has long made money from prepaid reloadable cards, is finding new ways to connect with consumers through its platform business.

Google Withdraws Offers To More Than 2,000 Contract Workers

PYMNTS

More than 2,000 people who had signed employment agreements with Google as temp and contract workers had their offers rescinded, The New York Times reported.

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Chess, Jeopardy, Stocks: HSBC uses IBM?s Watson as a stock picker?

BankInovation

IBM made headlines for beating Garry Kasparov at chess in 1997, and Ken Jennings at Jeopardy in 2011. Now, HSBC is turning IBM’s Watson into a stock picker. Some of [our clients] might not be overly familiar with artificial intelligence or machine learning technology.

Savings Rate Sets Record At 33 Percent In April

PYMNTS

The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday (May 29).

How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

Marqeta eyes credit products on the heels of $150M funding

BankInovation

Fresh off a $150 million funding round announced Thursday, Marqeta is developing a credit card product. The Oakland, Calif.-based based startup raised the funds as an extension of its Series E from an undisclosed investor, more than doubling its valuation to $4.3 billion, up from $1.9

SMBs And Customers Wrestle With The COVID (But Not Covert) Surcharge

PYMNTS

To help save at least some top line, to perhaps even help margins a bit — enter the COVID-19 surcharge. Businesses across a variety of verticals have, in isolated cases, started charging end users to help defray the costs of cleaning, disinfecting and other processes tied to battling the pandemic.

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The reasons some banks have a hard stop on PPP lending

American Banker

Many lenders are paying close attention to liquidity and capital ratios. Others are trying to avoid overtaxing employees who process, service and handle forgiveness of the loans. Capital Liquidity Coronavirus Small business lending Paycheck Protection Program

SMBs Explore Financing Options For Their Digital Transformations

PYMNTS

Access to capital for small- to medium-sized businesses ( SMBs ) has always been vital, as well as a challenge. Borrowers don’t always have a consistent experience in their hunt for financing, either.

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.