Payments Dive
FEBRUARY 1, 2019
The NFL, MLB and other sports organizations are embracing cashless payment technology to create a faster and more efficient process for buying concessions, tickets and team merchandise.
Bank Innovation
FEBRUARY 1, 2019
As consumer trust in financial apps continues to rise more customers are comfortable using mobile banking apps for complex transactions such as loan and mortgage applications: one report finds. A report released by Webpals found that out of 500 bank customers, 50 used their financial mobile apps to apply for a loan or mortgage. This number, albeit small compared to […].
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PYMNTS
FEBRUARY 1, 2019
Home improvement startup Houzz revealed that it suffered a data breach. The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.”. Once its security team became aware of the issue, it immediately launched an investigation with assistance from a leading forensics firm.
Bank Innovation
FEBRUARY 1, 2019
E-commerce giant Amazon mentioned its cloud computing platform Amazon Web Services, or AWS, 58 times, its virtual assistant Alexa 25 times, and retail just once in its earnings release for the fourth quarter of 2018. Perhaps this is an indicator of where the company sees its future growth potential? AWS sales climbed 45% year-over-year to […].
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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
PYMNTS
FEBRUARY 1, 2019
A healthcare firm and a biometric company have teamed up to test iris-recognition software for applications involving patient identification in the healthcare field, according to a release. IrisGuard, an iris-recognition solutions company, and Patientory, a cybersecurity healthcare data solution firm, are collaborating to combine iris biometric technology with the healthcare focused PTOYNet blockchain network, to add another layer of security and authorization on the blockchain, and help with pa
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 1, 2019
The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. The numbers tell a story of ongoing growth and more consumer acceptance. However, even as P2P becomes a bigger part of peoples’ daily lives, the coming year will bring the challenges of earning more revenue from those services, and persuading a broader gro
Bank Innovation
FEBRUARY 1, 2019
Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. The 25% plunge -- the worst since July 2008 -- capped a tumultuous three days that shaved about €7.2 billion ($8.3 […].
PYMNTS
FEBRUARY 1, 2019
Mastercard results released on Thursday (Jan. 31) morning showed continued gains in processed transactions, tied in part to holiday spending during the quarter that ended in December. In terms of headline numbers, $3.8 billion on the top line met Wall Street expectations, while earnings of $1.55 on an adjusted basis were two pennies better than expected.
Payments Source
FEBRUARY 1, 2019
Game day is a big day not just for athletes — anyone who sells pizza, chicken wings and beer will also win big if they have the capacity to handle all of the orders that come in. Many are turning to mobile and online technology to increase sales and remove friction from the payment process.
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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
PYMNTS
FEBRUARY 1, 2019
Both Visa and Mastercard posted solid fourth quarter earnings and outperformed analyst estimates, yet the companies are still waiting for approval to do business in China. Though it’s been more than a year since each submitted applications to process payments in the $124 trillion market, the People’s Bank of China (PBoC) hasn’t acknowledged and accepted the applications.
Insights on Business
FEBRUARY 1, 2019
Security. What does it mean to you? Feeling safe. Protected from threats. Guarded from attacks. Privacy. To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security.
PYMNTS
FEBRUARY 1, 2019
Customers expect unified retail experiences as they shop between in-store and online. Retailers and supermarkets are listening, and extending mobile channels into their brick-and-mortar locations, enabling customers to skip the line with mobile scan-and-pay or by equipping employees with handheld point-of-sale (POS) devices to allow checkout anywhere in-store.
Insights on Business
FEBRUARY 1, 2019
Security. What does it mean to you? Feeling safe. Protected from threats. Guarded from attacks. Privacy. To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security.
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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.
PYMNTS
FEBRUARY 1, 2019
Wirecard is being investigated for possible market manipulation. According to the Financial Times ( FT ), the German financial regulator and prosecutors in Munich have opened up a preliminary investigation into the payments company. Citing internal documents, FT reported that a senior executive at Wirecard was suspected last year of using forged and backdated contracts in a series of suspicious transactions, which raised concerns about the accounting integrity of the company.
Payments Source
FEBRUARY 1, 2019
The payment systems within these games are conducive to various types of fraud, including account takeovers, that can result in crippling chargeback claims, according to Suresh Dakshina, president of Chargeback Gurus.
PYMNTS
FEBRUARY 1, 2019
Binance is allowing users to buy digital currencies with their credit cards, according to an announcement from the crypto exchange. Through the offering, and in conjunction with payment processing firm Simplex , the company is enabling customers to buy the Ethereum, bitcoin and Litecoin digital currencies. Binance CEO Changpeng “CZ” Zhao said in an announcement for the offering, “Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders glo
Payments Source
FEBRUARY 1, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: WorldFirst to stop U.S. transactions; Amazon pulls items in India to comply with new rules; Youth payments startup preps for cashless future; U.S. sandbox expands: Movie ticketing app gets more flexible.
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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.
PYMNTS
FEBRUARY 1, 2019
After being implicated in one of the largest money laundering scandals ever, Estonia is struggling to realize its dream of becoming a digital society, according to Reuters. The country’s top banking regulator has cautioned that Estonia is vulnerable to unclean money and potential sanction breaches, stemming from the Estonian branch of Danske Bank that was mired in scandal.
Bobsguide
FEBRUARY 1, 2019
On January 28 bobsguide hosted a webinar on mapping the opportunities of insight-driven data management with participation from Adox Research and Asset Control, the data management technology firm. A new generation of data management tools is moving beyond operational and IT efficiency to data.
PYMNTS
FEBRUARY 1, 2019
With the Super Bowl on the horizon, voice assistants are offering their own predictions as to who will win football’s big game. Alexa , Siri, Cortana and Google Assistant all have guesses — if asked for their opinions, CNBC reported. The responses range from simple analytic predictions to longer, light-hearted forecasts. When the news outlet asked Siri for her guess, she responded, “The odds favor the Patriots over the Rams by 2.5 points.”.
CB Insights
FEBRUARY 1, 2019
Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). 2018 VC Report: global funding surges 21% compared to 2017.
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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.
PYMNTS
FEBRUARY 1, 2019
Big brands are opening pop-up shops chock full of digital commerce technology and experiences for fans, and Nike is no exception. The company recently opened a SNKRS Pop-Up shop in Atlanta — as the city gears up for Sunday’s Super Bowl game between the Patriots and the Rams — that will remain in the city until March. The sportswear company said the store would feature limited-edition styles that will rotate.
Payments Source
FEBRUARY 1, 2019
Global politics are dividing the world of e-commerce, forcing companies to make tough decisions about their strategies for the U.S., India and other regions.
PYMNTS
FEBRUARY 1, 2019
Uber is blaming a rise in the minimum wage for its decision to boost prices in New York City. In a statement to Bloomberg , Uber announced it will hike up the price of trips in New York City starting Friday (Feb. 1) because of the new minimum wage rule. While a spokesperson wouldn’t disclose how much the price would go up, the company did reveal that since it now has to pay drivers for their return trips when traveling outside the city, some out-of-town fares will be subject to a surcharge
Jeff For Banks
FEBRUARY 1, 2019
A Long, Cold December I could just scream! After a lengthy stretch of strong economic growth and stock market gains, the inevitable correction arrived with force in the fourth quarter, culminating with a December that can only be described as “tres terrible!” Stocks of all industries sold off relentlessly in volatile trading sessions featuring price changes of 2% to 3%.
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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.
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