Tue.Jul 28, 2020

COVID-19, digital payments and the future of cash

Mobile Payments Today

The COVID-19 pandemic has accelerated the use of digital payments and moved the debate over a cashless society to a near-term consideration

The new normal for conferences (#Money2020)

Chris Skinner

I’ve grown up in a period of strong political stability. I’ve been lucky. Many other people grew up in a period of strong political instability, with war and famine and economic starvation.

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Banks, FinTechs Find New Models To Mesh Their Strengths

PYMNTS

The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings.

Things worth reading: 29th July 2020

Chris Skinner

Things we’re reading today include … Man buys Lamborghini after getting nearly $4m in coronavirus loans, authorities say European banking needs a Big Bang TransferWise valued at $5bn in secondary share sale Will coronavirus mean the demise of banknotes? |

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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!

Boomers And Seniors Are Shifting To Digital Shopping, Too

PYMNTS

Millennials and Generation Z consumers get all of the attention when it comes to their changing digital habits amid the pandemic. Google the words “millennials shopping shift,” and page after page of listicles, think pieces and how-to articles appear.

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More Trending

Venmo’s New Boss On Its Next Chapter

PYMNTS

“Be careful what you wish for – you just might get it.”. That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo.

Stablecoin News for the week ending Tuesday 28th July

Daily Fintech

CBDC’s raise more questions and is DeFi the answer! Here is our pick of the 3 most important Stablecoin news stories during the week. A board member of the Czech National Bank (Central Bank) has provided a less than glowing opinion on the current viability of Central Bank Digital Currencies (CBDCs).

eBay CEO Outlines Growth Plan As Company Profits From Digital Shift

PYMNTS

The newly stripped-down eBay held its first earnings call on Tuesday (July 28) since announcing plans to sell its classified-ad business to Adevinta for $9.2 billion.

Marqeta to provide tokenization for JPMorgan virtual cards

Payments Source

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021. Online payments Digital payments JPMorgan Chase Credit cards Tokenization

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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.

Mastercard To Improve Cross-Border Business Payments Into China 

PYMNTS

Mastercard and the Bank of Shanghai announced businesses anywhere in the globe can now send payments to China more efficiently.

US Bank deploys smart assistant to boost digital banking

ATM Marketplace

US Bank is deploying natural language processing and AI-based technology to move more of its retail banking business onto the mobile banking app

NY Federal Judge Orders Unemployment Payouts For Uber, Lyft Drivers

PYMNTS

New Yorkers may soon see a lot of smiles on the faces of Uber and Lyft drivers following a judge’s ruling on Tuesday (July 28) that rideshare drivers must receive state unemployment benefits within 45 days, per a report from The New York Times.

dLocal adds merchant dashboard to boost data, ease currency handling

Payments Source

E-commerce payments provider dLocal has added a merchant dashboard to provide a simpler display of transactional data and multi-currency management for cross-border payments. Online payments Cross border payments Chargebacks

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.

How Brands Can Avoid Direct-To-Consumer Pitfalls

PYMNTS

COVID-19 didn’t create the idea of selling direct to consumer, but the outbreak has massively expanded consumer interest in the idea across virtually all commerce verticals, sticky.io Chief Operating Officer Ro Bhatia told PYMNTS in a recent conversation.

New stimulus plan has no solution for misdirected payments

Payments Source

Republicans and Democrats are negotiating a new coronavirus stimulus package, but there’s still no law on the books designed to erase the problems that prevented many stimulus payments from getting directly to recipients. Compliance U.S. Digital payments ACH Coronavirus Payment processing Digital I

Starbucks Rewards 90-Day Active Members Drop To 16.3M Amid Pandemic

PYMNTS

Starbucks reported in its third quarter earnings results on Tuesday (July 28) that the ranks of its 90-day active Starbucks Rewards members dropped 5 percent year over year in the U.S. to 16.3

Happy 6th Birthday Daily Fintech

Daily Fintech

6th Birthday is a big deal for a startup, because the data says it takes 7-10 years for startups to build real value. We have consistency on our side, having published original insight every day for 6 years from this post on 28 July 2014. Every.

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.

Using Debit Cards To Bridge The Stimulus Accessibility Gap

PYMNTS

The pandemic has changed how consumers purchase goods, with many avoiding brick-and-mortar stores due to the continued threat of catching the virus in public spaces. Shoppers are instead redirecting their purchasing energies toward the digital realm, with recent PYMNTS research finding that 29.2

PCI standards are complex, but can be simplified

Payments Source

Business size and payment volume all play a role in what's needed for compliance, says 2Checkout's Madalin Cojocariu. Risk Digital payments Point-of-sale PCI DSS Payment processing

Mastercard, Microsoft Team To Enable Cloud-Based Digital Payments For Partners

PYMNTS

Mastercard and Microsoft Corp. have announced a partnership that they said will accelerate innovation across digital commerce and startup ecosystems.

Process reviews required to prevent financial crime

Bobsguide

Combatting financial crime has long been an arduous process. Conducting face to face investigations on the ground far and wide and rifling through masses of paperwork places a huge burden on the time and resources of financial organisations. These traditional forensic techniques may produce

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.”

Rediscovering The Value In Procure-To-Pay Digitization

PYMNTS

While the global pandemic has opened many corporates’ eyes to the value of automation, for many firms, the digitization journey may have lost its way. “Digital transformation” is such a hot buzzword that some businesses might have forgotten the purpose behind the effort.

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Marqueta to provide tokenization for JPMorgan virtual cards

Payments Source

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021. Online payments Digital payments JPMorgan Chase Credit cards Tokenization

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Airbnb, ClassPass Cry Foul Over Apple’s App Store Commissions

PYMNTS

Apple reportedly sought a commission from ClassPass and Airbnb after the platforms started to offer digital classes due to the pandemic, The New York Times reported.

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US Fed and Government out of sync on policy

The Bankwatch

[link]. investing.com news item Kathy Lien. Today, we saw the Federal Reserve “front-run” Wednesday’s FOMC announcement by extending its $2-trillion+ lending programs another three months to the end of the year.

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.