Tue.Feb 23, 2021

Square Doubles Down On Bitcoin; Generates $1.7 Billion In Crypto Revenue

PYMNTS

At Square , it’s getting hard to separate bitcoin from dollars. The company’s fourth-quarter financials reported on Tuesday (Feb.

Amex offers restaurants a lifeline via National Trust for Historic Preservation

Payments Source

The organizations are working to deliver $1 million in grants to help some of the most treasured and vulnerable restaurants in the U.S. get through the pandemic. Corporate philanthropy American Express

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Trending Sources

State Bank Of India Joins Liink, JPMorgan’s Blockchain Network

PYMNTS

The State Bank of India (SBI) is joining Liink , J.P. Morgan’s peer-to-peer blockchain-based data network, according to a report from The Economic Times. The partnership will help SBI increase the speed of customer transactions, including cross-border payments, and lower the costs.

TD's evolving view of the payments industry

Payments Source

Kate Fitzgerald, senior editor at PaymentsSource, talks to Barry Baird, head of payments capability and delivery at TD Bank, about how technology has transformed the way people make P2P payments and handle other day-to-day interactions with the bank. Real-time payments PayDirt TD Bank

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Open Banking FinTechs Target SMB Underwriting Pains

PYMNTS

While traditional banks continue to collaborate with FinTechs and facilitate data integrations to strengthen their product offerings for small- to medium-sized businesses (SMBs), more FinTechs are taking the lead with open banking to strengthen their own value propositions.

More Trending

Big Data And Analytics Save Subscription Firms From ‘Involuntary Churn’

PYMNTS

Will the boom in subscription growth during the pandemic lead to retention challenges — and a scramble to reduce churn? That growth, according to PYMNTS November Subscription Commerce Tracker, has produced 10 million new digital subscriptions in the first half of 2020.

Are We Reflating Yet?

SWBC's LenderHub

You can almost hear the nervous laughter reverberating across financial markets with the jump in yields on the longer end of the yield curve. Since the end of January, yields on the 10-year Treasury note have jumped over 25 basis points, blasting through the 1% barrier. Capital Markets

Ledgermatic, Algorand Work On Corporate Blockchain

PYMNTS

Ledgermatic , which works on treasury tools to help corporates use digital assets, is working with Algorand as its blockchain protocol partner, according to a Tuesday (Feb. 23) press release. In addition, the release noted Ledgermatic has received funding from venture capital firm Borderless Capital.

Green Dot warns bump from stimulus checks was likely a one-off

Payments Source

Prepaid customers’ COVID relief spending boosted the bank’s bottom line in 2020, but executives don't count on a repeat performance. Prepaid cards Earnings

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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!

New Data: Consumers Show Pent-Up Dining Demand In Post-Pandemic World

PYMNTS

Since the start of the pandemic, many consumers have settled into a new normal. Where once they ate at restaurants, they may now order in or cook at home. Where once they spent time perusing the aisles at grocery stores, they may now order delivery or opt for buy online, pickup in store ( BOPIS ).

Data 218

U.S. workers hit hard by expenses during COVID-19

Payments Source

About half of U.S. workers received an unexpected financial expense each month for 12 months overlapping most of the COVID-19 pandemic, with many resorting to bouncing checks or payday loans to cover the costs. Payroll payments Coronavirus

US 97

Klarna Seeks Additional $1 Billion In Funding At $31 Billion Valuation

PYMNTS

Klarna is expected to announce new funding in the coming days that will value the company at $31 billion, Bloomberg reported. The amount is around three times more than what the company was valued at after its last round in September.

Gig workers need better access to payroll

Payments Source

Making gig workers’ pay automatically available at no cost each day or after each completed shift would benefit everyone, while providing a win-win scenario for the worker and platform alike, says Payfare's Marco Margiotta. Digital payments Gig economy Payroll

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Credit Unions Find Debit, Digital Issuance Trends Are Here To Stay

PYMNTS

In recent months, we’ve seen debit emerge as a clear payment choice among consumers, where data shows double-digit percentage increases. During the 2020 holiday season, in fact, PSCU said recently that debit purchases were up more than 26 percent, while credit spend was up a bit more than 18 percent.

Trends 211

The State of SBA 7(a) Lending in Fiscal 2021

Strategically Speaking

Since its origins in the early 1950s, 7(a) lending has been the flagship program of the Small Business Administration (SBA). Given the economic conditions emerging in the wake of the pandemic, 2021 is likely to be a critical year for the program and the businesses it serves. Lending

Telehealth Provider Pulls The Middleman Out Of The Equation

PYMNTS

People are avoiding medical care over cost, and it’s literally killing them. A simple visit to a primary care physician (PCP) starts at $25 depending on one’s insurance. Those in need of a specialist are often looking at closer to $60 per visit.

Google 205

ATMs reimagined: How financial institutions can benefit from IADs

ATM Marketplace

In August 2020, MetaBank surveyed more than 1,200 U.S. adults to examine their post-pandemic sentiments about ATM and cash usage. The results? Cash is still king, and Joel Mettler, vice president , client success at MetaBank shares the results of the survey and why cash still counts

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.

Bitcoin Daily: Cannabis eCommerce Platform American Green To Accept Bitcoin Payments; Crypto Custody Platform Koine Enters Insolvency

PYMNTS

American Green will be expanding its eCommerce platform in March to include bitcoin payments to help people pay for cannabidiol (CBD) and hemp, according to a press release from the company.

Walmart's China marketing rides that country's digital push

Payments Source

The retailer combines WeChat, digital checkout and coupons to reach a wider market, says Azoya's Franklin Chu. Walmart China Merchant

NMI Expands Into Omnichannel Payments With USAePay Acquisition

PYMNTS

Payments enablement firm NMI has acquired the payments solutions company USAePay to offer their joint customers more choices, NMI announced in a press release on Tuesday (Feb.

Twitter Reacts to M&T / Peoples United Bank Deal

Jeff For Banks

The headlines for subject deal, which dealmakers hope beyond all hope starts a robust bank M&A frenzy, were like the following: (you can click on articles and tweets to enlarge) Conversely, here are what some Twitter users thought of the deal, which starts with a factual tweet from yours truly.

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MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

The Two Layers Of B2B Collaborative Commerce

PYMNTS

The B2B payments community has been discussing the persistence of the paper check — and its supposed inevitable demise — for years. Even amid a pandemic and accelerated corporate digitization efforts, the paper check still gobbles up its fair share of B2B transaction volume.

eBook 199

NMI buying USAePay to expand payments channels

Payments Source

Payments technology provider NMI is acquiring USAePay to boost its multi-channel service offerings for its independent sales organization network, as well as bank and fintech innovation partners. ISOs M&A

Square Earnings Focuses On Cash App (And Bitcoin)

PYMNTS

For Square , the (earnings) song may remain much the same, at least this time around. To that end, the Cash App, digital payments and, of course, bitcoin will be much in focus when the digital payments firm reports earnings after the bell on Tuesday (Feb.

JPMorgan Chase creates investment product for Black-owned banks

American Banker

The product — a special class of shares in JPMorgan's Empower money market fund — will initially be distributed by the Harbor Bank of Maryland, Liberty Bank & Trust, M&F Bank and Unity National Bank, according to a statement. Diversity and equality JPMorgan Chase Investment products

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.