Chris Skinner

JULY 18, 2017

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. The price had exploded, tripling in a month. Now that it has burst, the interview seems quite prescient so, here it is … UBS interview with Chris Skinner Cryptocurrencies – digital currencies based on encryption – are in the midst of a bubble, but that should not overshadow the genuinely transformative change that is taking place within the financial services industry.

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Bitcoin cryptocurrency Financial Technology Community 318

Payments Dive

JULY 18, 2017

The beverage alcohol industry in particular might fall victim to Amazon's takeover of Whole Foods.

Retail 271

Retail Mobile Industry 271

Bank Innovation

JULY 18, 2017

After two years of work, British challenger bank Monzo is finally rolling out its free current account product. The bank, which received its full banking license in the United Kingdom in April 2017, has been taking the rollout slowly, as promised, though as stated on its site, it aims to offer current accounts to all […].

Online 191

Online Cards Mobile Technology 191

Chris Skinner

JULY 18, 2017

Things we’re reading today include … Alternative to London is no financial centre in Europe, warns City envoy Visa and PayPal Extend Partnership to Europe Credit and debit card surcharges to be banned Tech start-ups raise $1.3bn this year from initial coin offerings Swedish challenger Handelsbanken posts record profits New plastic £10 note featuring Jane Austen unveiled Goldman Sachs dealt a blow by bond trading slide Was money a preoccupation for Jane Austen?

Cards 164

Cards 164

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Bank Innovation

JULY 18, 2017

Overall, mobile banking usage is still growing, but more quickly at some financial institutions. Bank of America Corp., which reported earnings today, saw about 3% growth in its mobile users during the second quarter. The bank grew to 22.9 million mobile active users from 22.2 million MAUs in the first quarter. Both BofA and JPMorgan […].

America 191

America Mobile Report Online 191

Payments Dive

JULY 18, 2017

This white paper profiles carrier billing in Germany, France, United Kingdom, Italy, Spain, Netherlands, Belgium, Greece, Portugal, Austria, Switzerland and Ireland.

Report 150

Report Marketing 150

Abrigo

JULY 18, 2017

In a recent Sageworks webinar, “ Why Business Owners Don’t Buy Coaching From Their Accountant (And What To Do About It) ,” John Warrillow , author of “Built to Sell: Turn Your Business into One You Can Sell,” discussed a major hurdle for accounting firms that are making the transition from compliance work to value add and advisory services. Business owners and entrepreneurs are sometimes notoriously closed off to advice from others, including from their own accountant.

eBook 150

eBook Examples Analysis Apple 150

PYMNTS

JULY 18, 2017

Turns out millennials are not the different-kind-of-banking-breed some had thought. It also turns out the much-vaunted social media generation is less inclined to use social media than you’d think. In a survey held from the end of June into early July and conducted by SurveyMonkey , the web-based survey firm queried more than 1,000 adults above the age of 18, 290 of which were defined as 18- to 34-year-olds: millennials.

Millennials 144

Millennials social media Survey Online 144

Insights on Business

JULY 18, 2017

In 2016, more than 4 billion data records were stolen or lost, a 556% increase over 2015. Over the past few five years alone, 9 billion records have been breached. Of these records, only 4 percent of have been encrypted. Although cloud data centers have been on the rise, little to no progress has been made so that data is fully encrypted at any scale. .

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Data Compliance Security System 123

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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

PYMNTS

JULY 18, 2017

Rivals Visa and PayPal have shaken hands over a joint plan to issue debit cards in Europe. The truce stands to benefit merchants most of all, as it will expand their ability to use their PayPal funds to support business expenses and unlock new possibilities at the point of sale. “Visa and PayPal have a shared goal of giving consumers a safe, convenient way to pay using their preferred device.

Cards 125

Cards Retail New York Innovation 125

Bobsguide

JULY 18, 2017

Huw Jenkins, CTO of The Money Cloud. 2018 is going to be the year that permanently changes the customers see and use banks. Banks in their traditional form are going to start to disappear, and be replaced by “banking technology” – which is a completely different beast. PSD2.

Technology 114

Technology 114

PYMNTS

JULY 18, 2017

Robots are coming for your job! Run! As more chatbots enter the enterprise arena, as well as the retail industry, for customer service needs, this concept has morphed from fantasy into reality. Artificial intelligence (AI) has helped to swing the pendulum in favor of chatbots, along with other technology integrations, into a sweet spot that’s helping to likely streamline processes throughout retail.

Retail 121

Retail Marketing Study Survey 121

Let's Talk Payments

JULY 18, 2017

Let’s Talk Payments is dedicated to researching and examining the ideas, people, and companies using technology to change financial services. Earlier this year, we launched MEDICI Top 21 – AI.

Company 112

Company Technology Payments US 112

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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

PYMNTS

JULY 18, 2017

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who did not actually owe anything, by pretending to be lawyers and threatening victims with lawsuits or arrest if they didn’t pay up. The FTC reported news that victims received phone calls stating that legal action had been filed against them, or soon would be, and that they should call in with the provided case number — phony, of co

Florida 117

Florida Fraud Groups Course 117

Cisco

JULY 18, 2017

I don’t know about you but everyone seems to be talking analytics – it is another great digital transformation buzzword. Most of the time in financial services, analytics means customer analytics – how we can combine structured data within the bank with the world of big data to give us amazingly new actionable insights that […].

Analytics 87

Analytics Big Data Data US 87

PYMNTS

JULY 18, 2017

What’s worse than having your phone die at dinner? Literally nothing. How will you Instagram your meal? How will you call an Uber home? What if there’s an emergency and the babysitter can’t call? The whole night is ruined. OK, maybe it’s not that dramatic, but it sure feels that way sometimes, and iQi Charge notes that 92 percent of the public would panic if their phone died on them.

Video 116

Video Course Meeting Trends 116

Let's Talk Payments

JULY 18, 2017

The growth of the FinTech scene helps global giants such as Visa innovate, according to the company’s Executive Director of Innovation in Brazil, Erico Fileno.

Innovation 90

Innovation Fintech Company America 90

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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

PYMNTS

JULY 18, 2017

One shipping industry watcher is accusing the United States Postal Service of effectively subsidizing the price of shipping Amazon’s packages. According to Fortune , Josh Sandbulte, who is also a money manager, the USPS has gone beyond just agreeing to offer Sunday delivery for the online retail giant. In an opinion piece in the Wall Street Journal , Sandblute explained that Congress has prohibited the USPS from setting its parcel prices below its costs to keep it from unfairly undercutting comp

United States 116

United States Taxes Retail Analysis 116

Payments Source

JULY 18, 2017

As retailers scratch their heads to find ways to counter Amazon's ongoing disruption of their industry, investment is flowing to technology companies that meld shopping, payments and fulfillment.

Mobile 73

Mobile Retail Industry Technology 73

PYMNTS

JULY 18, 2017

Data has effectively become the currency in which today’s tech-infused world places high value on. As such, the cybersecurity industry has become quite lucrative and thus hyperactive on a regular basis. From fraudsters posing as attorneys to siphon off funds to FedEx’s June cyberattack, there have been myriad activities this week in the cybersecurity arena.

Data 109

Data blockchain Fraud Industry 109

Bobsguide

JULY 18, 2017

Andrea Dunlop is the CEO of Acquiring and Card Solutions at Paysafe Group. She has previously held senior roles at Visa and RBS. bobsguide sat down with Andrea at Money 20/20Europe to discuss the importance of partnerships, and why PSD2 will drive innovation and create strategic partners between.

Groups 68

Groups Cards Innovation 68

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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

PYMNTS

JULY 18, 2017

Apple’s iPhone 8 is reportedly being delayed until November or December due to low yield rates at its two main original design manufacturers (ODMs). According to DigiTimes , which cited Economic Daily News, the two ODMS for the upcoming iPhones — Foxconn Electronics and Pegatron — have not reached production levels that would result in mass production of the organic light-emitting diode (OLED) phone.

Software 109

Software Apple California Maine 109

Payments Source

JULY 18, 2017

PayPal and Visa are extending their strategic agreement to Europe with a deal enabling PayPal to offer Visa debit accounts in Europe, expanding the locations where PayPal’s European consumer and business customers may make purchases with PayPal funds.

Online 63

Online Cards Payments 63

PYMNTS

JULY 18, 2017

Between SMEs and gig economy workers, entrepreneurs are big business for the U.S. economy. That means accounting software for these professionals is big business, too, with investors placing about $43 million in new funding to one industry player, FreshBooks. The new funding, announced today (Tuesday, July 18), follows several months after the Canadian company announced its redesign, an initiative Mike McDerment, CEO of FreshBooks , said is part of the accounting software industry’s larger effor

Software 109

Software Taxes Capital Policies 109

Payments Source

JULY 18, 2017

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Mastercard plans to buy AI company; Amazon broadens retail push; Swift invites more banks to KYC group; Revolut expands payroll tech; Max Baucus lauds China's payments tech.

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Groups Retail Payments Company 61

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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.

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