Wed.Apr 10, 2019

How Retailers Are Gearing Up For Contactless Payments Via mPOS

PYMNTS

With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Mobile point-of-sale (mPOS) terminals that are enabled for contactless have to meet certain specifications to gain EMVCo 3.0

Retail 282

Understanding alternative assets and the challenges of managing their risk

Insights on Business

Why alternative assets. Unless one has been in a Rip Van Winkle-style cryogenic state over the past few years, it would be hard not to notice the shift in asset allocations toward “alternative assets” for investment portfolios of buy side institutions. There are several reasons behind the tilt.

Wanted: Cybersecurity Aces — Mastercard, Partners Have A Plan

PYMNTS

Here’s a bit of heresy for 2019: Data’s not everything. Sure, data often gets called the oil of the digital age — and data, as a commodity, has an economic, political and cultural value as massive as all those hydrocarbons gathered from beneath the planet’s surface.

New Biz Dev Head at BBVA Compass Sets Priorities Around Leveraging Data

Bank Innovation

BBVA Compass, the U.S. arm of Spanish giant BBVA, has a new head of business development, Jose Luis Elechiguerra, whose goal is to give customers products that will help them make better financial decisions. The key to delivering that promise for BBVA, or any digital bank, for that matter, is data.

Data 141

Corporate Payments Fraud Jumps Despite Stronger Internal Controls

PYMNTS

While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights.

Fraud 255

FIS to Help Stand Up Digital-Only Banks Within 90 Days

Bank Innovation

Fintech provider FIS aims to help financial institutions lacking the in-house firepower to launch their own direct-to-consumer digital-only banks to do so in just 90 days. The Jacksonville, Fla.-based

Uber’s Long Payments Journey Toward Its IPO

PYMNTS

It’s been a long journey for Uber toward its initial public offering — and a big journey for payments, too.

More Trending

Whole Foods Might Take Over Many Sears, Kmart Stores

PYMNTS

Amazon might be looking at taking over as many as 110 old Sears and Kmart stores in order to launch new Whole Foods locations.

How does One Consume an Ocean of Data? A Meaningful Sip at a Time

Daily Fintech

So many data, so many ways to use it, ignore it, misapply it, co-opt, brag, and lament about it.

Data 87

XinFin Connects Blockchain Factoring Tool To QuickBooks

PYMNTS

Blockchain company XinFin is rolling out an integration between its invoice factoring application InFactor and QuickBooks.

Tools 248

Game-Changing Tech Or Dystopian Nightmare? How 16 Industries Could Be Transformed By Facial Recognition

CB Insights

Today, people most associate facial recognition with unlocking an iPhone or a laptop. GET THE entire 23-PAGE Facial recognition REPORT. Download the free report to get a break down of which industries facial recognition is disrupting and how. Email. The biometric software behind facial recognition applications can identify facial structures, contours, and expressions, making it a no-brainer for security and identification purposes.

Why Instant Settlement May Become Merchant Table Stakes

PYMNTS

In payments, what is new soon becomes standard. Where customers were once eager to pay for speed, convenience and security … well, eventually, all that gets built into expectations and becomes part of what’s on offer all day, every day.

SME lender financial engineers should look to Africa for inspiration

Daily Fintech

Credit models can be the live or die, make or break moment for a start-up lender. Get one assumption wrong (or a number of them), and suddenly you have a serious arrears problem. One that can tip you into a death spiral, no matter what size your book is.

Chase On Gen Z, Mobile Banking — 10 Years In

PYMNTS

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only banking services, designed to catch and keep customers using their smartphones to bank.

Mobile 242

Chartis: FICO Is a Category Leader in AI in Financial Services

FICO

Charis Research has named FICO a category leader in the AI in Financial Services, 2019; Market and Vendor Landscape. FICO was named a category leader in both AI analytics and packaged AI applications.

Cyber Criminals Are Trying To Steal Less Money To Avoid Detection

PYMNTS

A report by Bloomberg said that after one of the biggest cyber heists in history involving the theft of $100 million from the Bangladeshi central bank’s account in the U.S. Federal Reserve, criminals are now vying for smaller amounts in an attempt to avoid detection.

Study 241

Six Trends Moving the Needle in Customer Care: Cloud

Perficient Financial Servies

Consumers are digitally savvy, well informed, and more demanding than ever. Not investing in resources that digitally transform customer care will become a competitive disadvantage. This series explores six technology trends for delivering smarter and more strategic customer care.

Amazon Go Stores Prepare To Accept Cash

PYMNTS

Cashless retail, to a point, and then cashless and cash, too. Reports came Wednesday (April 10) across a variety of financial news conduits, among them CNBC , that Amazon will add “additional payment mechanisms” to its Go stores – and among those would be cash.

A no-cost way to prepare your credit for a big purchase

CFPB

Prepare your credit for your next big buy with these five free steps. Info for consumers Credit reports and scores Financial education Financial well-being

Bitcoin To Bust In The Wake Of New China Mining Regs?

PYMNTS

Bitcoin is up as much as 25 percent since the news came during the past week that China might look to ban bitcoin mining. At a recent $5,280, the digital currency is leagues above its nadir of $3,400 during the crypto crash, and leagues below all-time highs of about $20,000.

Interview with Ubisoft on online gaming fraud and insights into the grey market

The Paypers

(The Paypers) Sithy Phoutchanthavongsa : In terms of fraud detection, the most important is to have a consistent payment method strategy for each geographical area

Zapt And On-Demand Platforms Powering Move Now-Pay Later

PYMNTS

Some entrepreneurs have no intention of starting a company but find inspiration to take on a new venture when a challenge arises in their daily lives. Bill Catania, for instance, began Zapt after he bought a refrigerator at a big-box retail store and wanted to have it delivered to his house.

Mastercard, G+D Mobile Security partner for contactless cards in LAC region

The Paypers

(The Paypers) Mastercard has partnered with Germany-based Giesecke+Devrient (G+D) Mobile Security to accelerate issuance of contactless cards in Latin America and the Caribbean (LAC) region

CFOs’ Risk Concerns Mushroom, But Cyberthreats Not In Focus

PYMNTS

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S.

Banred selects ACI to drive digital payments in Ecuador

The Paypers

(The Paypers) Interbank network Banred has selected ACI Worldwide `s UP Retail Payments solution to drive digital payments for Ecuador`s banks and merchants

Study Shows Hotels Often Leak Guests’ Personal Info

PYMNTS

A study by Symantec, a cybersecurity company, showed that two out of every three hotel sites have leaked personal data, which could include credit card and passport information, according to a report by Reuters.

Study 209

Zoho launches integrated ecommerce platform Commerce Plus

The Paypers

(The Paypers) Zoho has announced the launch of a platform called Commerce Plus, designed to be a store with backend functions such as sales, fulfilment, and omnichannel marketing

College Admissions Scandal Now Alleges Money Laundering

PYMNTS

Federal prosecutors have hit actress Lori Loughlin, her husband, Mossimo Giannulli, and 14 other parents with additional charges related to the college admissions bribery case.

Boston 208

Supercomputer helps Russian digital lender solve AI tasks

The Paypers

(The Paypers) Russia-based digital lender Tinkoff Bank has developed a supercomputers, aiming to create a faster solution to machine learning and AI-related tasks

52

Wells Fargo CEO Search Could Hurt Turnaround

PYMNTS

Wells Fargo , the embattled national bank that is still reeling from a 2016 fake account scandal, is having a hard time recovering and rebuilding its reputation, leaning on cost cuts amid declines in revenue.

6 Recommendations for Cyber Risk Management

FICO

It can be a wake-up call for an organization to obtain its cyber risk score and learn it is not as prepared for a data breach as it thought it was. In the U.S.

H&M Reintroduces Delivery Fees For Loyalty Members

PYMNTS

Fashion retailer H&M announced it will start charging its loyalty club members delivery fees on small online orders. According to Reuters , the move aims to slash logistics costs and help the world’s second-biggest clothing retailer to once again become profitable.

Bitstamp receives BitLicense to expand crypto services in US

The Paypers

(The Paypers) Bitstamp , a large European cryptocurrency exchange, has been issued New York’s latest virtual currency license, to expand its US operations

Why On-Demand Wages Could Kill Payday

PYMNTS

The weekly or biweekly pay cycle can seem like an awfully long time for the roughly two-thirds of U.S. workers who live paycheck to paycheck — especially if they are hit by unexpected, costly events.

Texas 193

Irish Economic Crime Bureau to fight money laundering involving money mules

The Paypers

(The Paypers) The Garda National Economic Crime Bureau (GARDAI) has been investigating a EUR 2 million money laundering fraud involving 200 “money mules&rdquo

Fraud 52

Measuring Technology’s Promise Against Its Progress

PYMNTS

There is no shortage of wonders in payments and commerce, which are advertised as the next big disruption in how consumers transact. Instant payments, voice and visual search, AI/ML digital card management – there are all kinds of promising possibilities.

Over 60k digital IDs sold on criminal market for USD 5 - USD 200

The Paypers

(The Paypers) Kaspersky Lab researchers have revealed that more than 60,000 stolen digital profiles are currently up for sale on Genesis Store, a private and invitation-only online cybercriminal market