Thu.Jun 25, 2020

Wirecard or Weirdcard?

Chris Skinner

2020 Guide: Building a high-performance mobile money business strategy

Mobile Payments Today

For aspiring mobile money businesses, the potential rewards are great, but building a robust and flexible growth strategy (and curating the right technology to power that strategy) remains a challenge.

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Things worth reading: 26th June 2020

Chris Skinner

US 260

Revolut Adds Amex To Open Banking Feature

PYMNTS

Revolut Ltd., the British financial technology company headquartered in London, has added American Express to its open banking platform.

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!

In a World Focused on Cybersecurity, Don’t Forget About Physical Security

Strategically Speaking

Cybersecurity is undoubtedly at the top of the list when you think of security risks for your financial institution. Because cybersecurity, and mitigation of related risks, is extremely important in protecting confidential and sensitive information, intellectual property, corporate data, and systems.

More Trending

Can AI erase enough of its own bias to address racial and gender gaps?

Payments Source

VCs and lenders rely on business data such as transaction records to inform funding decisions for fintechs or small businesses, but bias and uneven representation in management still result in gender and racial disparity.

Data 101

Uber Money Head Quits As Company Moves Away From Financial Operations

PYMNTS

Uber financial services leader Peter Hazlehurst has stepped down from his position as the rideshare company has put its plan to start a digital wallet on hold, Bloomberg reported. The company is instead focused more on ridesharing and food delivery instead of the planned financial expansions.

Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall

ABA Community Banking

The OCC is planning to unveil what Acting Comptroller Brian Brooks called "payments charter 1.0" as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast. The post Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’

Wirecard Files For Insolvency, Seeks Court Protection

PYMNTS

Wirecard , the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. The decision comes less than a week after auditors disclosed $2.1 billion of supposed deposits were missing from two Philippines banks.

Report 236

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.

Alt Lending:Mini Bond Sales, Infrastructure, Credit Card Lending

Daily Fintech

Here is our pick of the 3 most important Alt Lending news stories during the week 1. Mini-Bonds Fiasco Shows FCA asleep at the Wheel “Protecting Consumers. Enhancing market integrity. Promoting competition” There’s no end to the heroic work of the Financial Conduct Authority.

Women’s Luxury Watch Retailer Embarks On A Digital Adventure

PYMNTS

Technically speaking, Abingdon Mullin is the CEO of a company that sells watches crafted for women. But realistically, she sells adventure with every one of her aviator watches, which actually got their start back in 2014 when she appeared on Shark Tank.

Retail 234

XBRL: the power of algorithmic contracts, ESEF tools & sample report

Daily Fintech

ESEF is still the topic du jour, but something educational first … 1 The power of algorithmic financial contracts The ACTUS Financial Research Foundation has published an open source algorithmic standard for financial contracts.

Tools 97

How AR-AP Connectivity Preserves The Buyer-Supplier Relationship

PYMNTS

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships.

Tools 226

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.

Bringing fans back to sports requires rethinking payment technology

Payments Source

It's not enough to just get rid of cash or go contactless. There's an entire experience to consider, says Tappit's Jason Thomas. Risk Mobile payments Digital payments Coronavirus Payment processing Merchant

Bridging Digital And Paper For Policyholders, Insurers

PYMNTS

While they are among some of the world’s wealthiest corporations, insurance companies have nevertheless been clobbered by COVID-19, from travel cancellations to business disruption policies to a rising tide of property and casualty (P&C) claims.

Payment facilitators struggle with risk of pandemic payments — would banks do better?

Payments Source

Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks. Fintech Online payments Square Risk management Retailers Coronavirus TD Bank

GAO: $1.4B In Pandemic Stimulus Checks Went To Dead People

PYMNTS

Pandemic stimulus payments totaling almost $1.4 billion went to dead people as the Internal Revenue Service (IRS) and Treasury Department rushed to send out $269 billion in funds, according to a Thursday (June 25) U.S. Government Accountability Office (GAO) report.

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.

Reserve Bank warns of 25% GDP loss by 2100 unless action taken on climate change

TheGuardian

Carvana Rolls Out CarvanaACCESS Direct-Purchase Platform

PYMNTS

To let franchised and independent auto dealers purchase wholesale vehicles, Carvana has rolled out a direct-purchase platform called CarvanaACCESS.

Follow The Four-Bucket System To Plan Your Finances

BankBazaar

If this pandemic taught us anything, planning your finances right would be at the top of the list. If you’re at sea about this, read on. If not anything else, the pandemic has driven home the importance of why you need to plan your finances well.

Helping Merchants In A World Where Digital Is The New Normal

PYMNTS

For a CEO, a successful meeting with the board — where they congratulate him or her on a profitable year and authorize bonus money for the executive team — shouldn’t leave that person lying awake all night worried about the future. But that’s exactly the position that sticky.io

Tools 205

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.”

Three Ways to Align Marketing With Profitability

Jeff For Banks

The inability to connect Marketing activities to the bottom line is what I frequently hear from bankers that think the Marketing Department is a cost center. Measurement is difficult. I also hear that silos are a problem in banking.

Platforms And AI Are Powering Real Estate Investing’s Digital 3.0 Shift

PYMNTS

Stock markets are whipsawing. Bond yields, gyrating. Crypto? Bouncing around, to put it mildly. The pandemic has sent any number of investments tumbling, soaring, then tumbling again. The world feels less than stable, and so do investors’ cash flows, dividend and account statements.

Accelerating the Pace of Self-Serve Payment Adoption

SWBC's LenderHub

Self-serve payment technology was developed and continues to evolve as a way to bring convenience and efficiency to consumers, businesses, and financial institutions.

MoneyGram Teams With Digital Financial Services For Cross-Border Money Transfers

PYMNTS

MoneyGram will partner with Digital Financial Services in order to help facilitate cross-border transfers involving digital wallets in the United Arab Emirates, according to a press release.

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.