Payments Dive

NOVEMBER 15, 2018

Sir Richard Branson, the British billionaire entrepreneur, philanthropist and visionary, never outgrew his passion to change the world.

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Chris Skinner

NOVEMBER 15, 2018

It’s a big week of FinTech in Asia with Money 2020 China and the Singapore FinTech Festival (SFF) all taking place in the same week. One of the headlines emerging from SFF was an interview with Brad Garlinghouse, CEO of Ripple. The headline is from a Bloomberg interview and reads: … The post Will Ripple replace SWIFT? appeared first on Chris Skinner's blog.

Fintech 313

Fintech 313

Bank Innovation

NOVEMBER 15, 2018

Alexa is listening. Capital One was famously the first major bank to integrate with Alexa, Amazon's virtual assistant that lives in Echo smart speakers as well as a growing array of other devices. Voice banking -- operating your bank account by voice -- is a hot topic in the industry today, but many questions remain. One problem is […].

Data 186

Data Capital Operations Industry 186

PYMNTS

NOVEMBER 15, 2018

The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”. According to Quartz , the U.S. government collected approximately $4.7 billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. Most of these companies were forced to pay their federal taxes in cash because about 70 percent of all legal cannabis businesses are unbanked.

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Taxes Denver Colorado Virginia 208

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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

Lending

Bank Innovation

NOVEMBER 15, 2018

A recent report from research company Forrester encourages banks to abandon the traditional “buy vs. build” approach to creating banking development platforms in favor of a more modern, modular approach called “buy, build, extend and assemble.” Avoka, a Colorado-based software company focused on customer acquisition and onboarding, commissioned the study on platform economics.

Colorado 150

Colorado Study Software Report 150

Bank Innovation

NOVEMBER 15, 2018

Is a contactless public transportation system a sign of an advanced digital payments society? Important players like Mastercard would think so. “Take the U.K., for instance,” Iain McLean, Mastercard’s senior vice president of market development in Canada told Bank Innovation. “People use contactless payments on a daily basis, many use it multiple times a day, […].

Payments 150

Payments Innovation System Marketing 150

PYMNTS

NOVEMBER 15, 2018

Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov. 15) the results of the third annual Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” study, which found that 59 percent of companies surveyed said they have experienced a data breach caused by their vendors or third parties. In a press release announcing the results of the survey of more than 1,000 CISOs and other security and risk professionals across the U.S. and U.K., Opus said th

Data 195

Data Risk Management Resources Survey 195

Bank Innovation

NOVEMBER 15, 2018

Alexa is listening. Capital One was famously the first major bank to integrate with Alexa, Amazon's virtual assistant that resides in Echo smart speakers as well as a growing array of other devices. Voice banking -- operating one's bank account by voice -- is a hot topic in the industry today, but many questions remain. One problem is […].

Data 150

Data Capital Operations Industry 150

PYMNTS

NOVEMBER 15, 2018

Western Union and FLEETCOR are nearing an agreement to sell WU’s business payments operations to the fleet payments firm, according to reports in PE Hub on Wednesday (Nov. 15). Citing three unnamed sources, reports said Citi is advising on the deal, which could fetch $600 million for the B2B payments operations. Though unconfirmed, the deal would not come entirely as a surprise.

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Payments Operations Conference Report 194

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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

Report

Bank Innovation

NOVEMBER 15, 2018

A recent report from research company Forrester encourages banks to abandon the traditional “buy vs. build” approach to creating banking development platforms in favor of a more modern, modular approach called “buy, build, extend and assemble.” Avoka, a Colorado-based software company focused on customer acquisition and onboarding, commissioned the study on platform economics.

Colorado 150

Colorado Study Software Report 150

PYMNTS

NOVEMBER 15, 2018

It’s a combination of the latest technology and prehistoric human need: the increasing trend of using robots in the grocery industry. It has gained speed in 2018, showing how fulfillment — in many cases, following the lead of Amazon — is relying less on human participation as eCommerce buyers continue to change their shopping habits and expectations.

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Industry Retail Trends Analysis 189

Bank Innovation

NOVEMBER 15, 2018

Is a contactless public transportation system a sign of an advanced digital payments society? Important players like Mastercard would think so. “Take the U.K., for instance,” Iain McLean, Mastercard’s senior vice president of market development in Canada told Bank Innovation. “People use contactless payments on a daily basis, many use it multiple times a day, […].

Payments 150

Payments Innovation System Marketing 150

PYMNTS

NOVEMBER 15, 2018

CIMB , a banking group that operates in countries such as Malaysia, Cambodia and Thailand, has inked a deal with Ripple in order to bring the company’s blockchain technology to its SpeedSend remittance offering, Cryptovest reported. Through the offering, the bank hopes to take on the inefficient, sluggish and costly process for settlements with distributed ledger technology solutions in the ASEAN region.

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Bitcoin blockchain Regional Report 188

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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.

Lending

Payments Source

NOVEMBER 15, 2018

Now that states such as Michigan, Utah and Missouri voted in favor of legalization in this year's midterms, legal marijuana is poised to become a growth industry.

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Missouri Utah Michigan Data 112

PYMNTS

NOVEMBER 15, 2018

American Express announced Thursday (Nov. 15) the launch of American Express Go, a new digital service aimed at helping mid-sized and large companies handle business expenses for temporary workers, recruits and employees without corporate cards. In a press release , American Express said American Express Go features a virtual card that can be used online and over the phone, and also the option for the virtual numbers to be printed on a plastic card for in-person payments.

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Cards Payments Mobile Groups 186

Payments Source

NOVEMBER 15, 2018

While it takes a lot of effort from many different parties to reduce digital and financial inequality, it all starts with affordable internet connectivity, writes Sebastien Codeville, CEO of KaiOS Technologies.

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Marketing Mobile Payments Technology 104

PYMNTS

NOVEMBER 15, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest way Instagram wants to appeal to online shoppers, along with fresh data about how fraudsters might attack on Thanksgiving Day. Instacart raises new capital, Berkshire takes a stake in Chase and bitcoin has a bad day. Instagram Rolls Out Three New Ways to Discover Products to Purchase.

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Bitcoin Fraud America National 185

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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.

US

Payments Source

NOVEMBER 15, 2018

This week's plunge in bitcoin's value highlights one of the biggest concerns in using the cryptocurrency for payment. Stablecoins, which are pegged to traditional currency such as the U.S. dollar or a precious metal, are seen as a much less risky investment.

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cryptocurrency Bitcoin Payments Capital 97

PYMNTS

NOVEMBER 15, 2018

In early October, Hurricane Michael ravaged the Southeastern United States and parts of Central America, and these areas are still recovering from the damage. In addition to the human toll, the damage includes destroyed homes, vehicles, roads and infrastructures. By some estimates , the powerful storm — which has been linked to 36 deaths in the U.S. — caused approximately $4.5 billion in damages to residential and commercial properties.

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Florida Innovation Community Alabama 181

Payments Source

NOVEMBER 15, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: Singapore enhances its fintech sandbox; IMF official pushes central bank virtual currency; CBA boosts blockchain, India's post office adds e-commerce.

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blockchain Fintech 97

PYMNTS

NOVEMBER 15, 2018

New data shows a projected 14 percent increase in fraud attempts during the upcoming 2018 holiday season — with fraud likely to peak on Thanksgiving Day. The data, from ACI Worldwide , is based on hundreds of millions of merchant transactions. “The first step to fighting fraud is knowing what you’re up against,” Erika Dietrich, global director of payments risk at ACI Worldwide, said in a press release.

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Fraud Data Online Marketing 166

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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.

Compliance

Payments Source

NOVEMBER 15, 2018

Standard Cognition raised $40 million in a Series A funding round among five different venture capitalists to expand its cashierless checkout footprint.

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Retail 103

PYMNTS

NOVEMBER 15, 2018

B2B FinTech solution providers are currently working on reducing the friction associated with implementing their solutions into enterprise back offices. As they do this, there are challenges over which these providers have less power. One of the biggest hurdles in B2B FinTech adoption and digital transformation is convincing the higher-ups that such investments are necessary.

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Survey Cards Fintech Report 158

Bobsguide

NOVEMBER 15, 2018

“There is a bit of feeling, if you read a lot of column inches at the moment, that Open Banking has been a damp squib. I think what you’ve seen with Open Banking is generation one of it, which is a lot of fintech or banks looking at the idea of Open Banking meaning bank aggregation. What.

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Fintech 94

PYMNTS

NOVEMBER 15, 2018

Established food delivery apps that serve customers from coast to coast aren’t the only game in town. In communities across the country, there are also smaller upstarts delivering food to homes and businesses. Take Holland Eats , which caters to 30,000 residents in Holland, Michigan. The company, which was started by two entrepreneurs who already run a food delivery service in Texas, is looking to differentiate itself by offering personalized service that relies on direct connections with diners

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Michigan Texas Community Meeting 155

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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.

Lending