Tue.Dec 04, 2018

Ripple Forms Blockchain For Europe Association With Other Players


Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe.

T-Mobile may usher in wave of wireless carriers looking to disrupt banking

Mobile Payments Today

The T-Mobile test pilot of its new mobile banking service is expected to be the first of many telco companies exploring ways to leverage new financial services for their customers

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TSYS On How Payments Power Rewards, And Rewards Power Loyalty


Loyalty has come a long way in the payments realm, from the days when strict terms of rewards programs were more frustrating than enticing for consumers.

The most influential person in UK tech is …

Chris Skinner

I got an email the other day saying that I am now the most influential person in the UK, not just for FinTech … but for technology in general. I was and am shocked.

Walmart Rolls Out In-Store Ordering App For Associates


Walmart announced Tuesday (December 4) a new in-store app that gives Walmart store associates immediate access to Walmart.com, so they can help customers select, order and pay for items right in the store. .

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The Future of Fintech Video Series: Transferwise

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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Third Parties Help Central Banks Ride RTP Rails


The uptake of faster payment systems keeps going up — and up, and up. In fact, the number of Same Day ACH transactions rose by 192 percent in Q3 2018 over the same period from the previous year.

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Instagram Users In India May Get A ‘Buy’ Button In 2019


Instagram users in India might be able to shop inside the app next year, according to a report from Mint. Users would be able to tap a “buy” button next to a picture of something they like, which would redirect them to the product’s page on the internet, allowing them to complete the purchase.

My Ultimate Guide To Helping Members In Distress (Audio Post)

Credit Union Geek

When things go wrong with computers, they always seem to go big. I bet you have some repressed memories of digital challenges. Given I have had a computer on my desk since I was 5, there are many I definitely blocked out by now. But this post isn’t about the computer portion.


Mastercard Incurs $650M Fine Over EU Antitrust Law


Mastercard incurred a $650 million fourth-quarter charge related to a large fine over a 2015 EU antitrust investigation , Reuters reported on Tuesday (Dec.

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Things worth reading: 5th December 2018

Chris Skinner

Things we’re reading today include … ‘Overconfident’ bank bosses have their heads in the sand over IT Bank stocks fall the most since June 2016 Zopa granted banking licence How healthy are Britain’s banks?

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Amazon, Alipay, Other Internet Players Pose Risk To Traditional Banks


Amazon, Alibaba’s payment affiliate Alipay and other internet and Big Data players are a threat to traditional banks, warned Agustín Carstens, head of the Bank for International Settlements (BIS), on Tuesday (Dec.

Bank of America SMB Loan Origination Up 6% Despite Crowded Lending Scene

Bank Innovation

Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up over 6% year over year.

Select Safeway Stores Offer First AI-Powered Medical Clinics


Two Safeway stores in the Phoenix area are now offering artificial intelligence-powered medical clinics through a partnership with Akos Med Clinic. A leader in the urgent care and telemedicine arenas, Akos Med Clinic has a location in the Safeway at 926 E.

Comerica Bank Turns to Virtual Reality to Train Employees

Bank Innovation

Does virtual reality have a role to play in today’s banking landscape? Comerica Bank’s innovation team thinks so, which is why the bank is using virtual reality to train its employees, or “dabbling in futurism,” as Geoff Novak, Comerica’s senior technology and innovation executive, calls it. “A

Are Millennials Really Killing Canned Tuna, Too?


The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s.

90+ Startups Automating The Bank

CB Insights

High-paying bank jobs are officially at risk. For large banks, automating operations presents a massive opportunity to increase productivity while lowering headcount. Today, robotic process automation (RPA) software is streamlining workplace functions by automating manual, repetitive tasks — including data entry, document review, transaction processing, and more.

Marriott Breach: Why The Worst May Be Yet To Come


Let’s try this a different way, if only to make a vital point with insincerity. We must give credit to the criminals who engineered the recently disclosed data breach that could end up impacting some 500 million guests of Marriott International.

Commonly Asked Questions about Automated Valuation Models

SWBC's LenderHub

An Automated Valuation Model, or more commonly known as an AVM, is a program that automatically analyzes various data points to produce an estimate on the current value of a home or property. An AVM includes: Technology Lending Real Estate

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Bitcoin Daily: Ripple XRP Added To KuCoin; GM Unveils Autonomous Car Blockchain Patent


KuCoin , a digital currency exchange based in Singapore, has rolled out support for the trading of the Ripple XRP cryptocurrency, Cryptovest reported.

Gifs, memes and Money Mentors – the era of the expert is here

Daily Fintech

This week over at Daily Fintech we launched our book an expert service , allowing our readers to go one layer below the research we provide for free, in the public domain. It’s one more string to what I can confirm are many stringed bows for each of us in the team.

FTC Seeks Input On Identity Theft Prevention Rules


The Federal Trade Commission announced Tuesday (December 4) it is seeking comment on whether the agency should make changes to rules requiring financial institutions and creditors to take certain steps to detect signs of identity theft affecting their customers.

FICO Named a Category Leader for Enterprise Fraud Tech


I’m excited to announce that FICO has been named as a category leader in the Chartis Financial Crime Risk Management Systems for Enterprise Fraud report.

EU Strikes Deals On Money Laundering, Bank Reform


European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. 4), according to reports from Reuters.

YES BANK launches API-based NACH onboarding for corporate clients

The Paypers

(The Paypers) YES BANK has launched an API-based digital NACH onboarding for corporate clients through Net banking


Merchant Cash Advance Firms In NY AG’s Crosshairs


Confessions of judgement. Frozen bank accounts. Sky-high interest rates hitting small businesses … courtesy of small business lenders.

PagBrasil extends Boleto Flash coverage with Santander

The Paypers

(The Paypers) PagBrasil has announced that its Boleto Flash app is now also available for payments with same day confirmation at Santander, in Brazil

Visa, Mastercard Offer Tourist Card Fee Cut To End EU Probe


Visa and Mastercard are offering to cut fees that are paid by merchants on tourists’ card payments made in the European Union — an effort that would help end an antitrust investigation in the region.

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VIDEO: Dr. Scott Zoldi Talks About Operationalizing Analytics


This past Spring Dr. Scott Zoldi, FICO's chief analytics officer, was a keynote speaker at the Chief Data Analytics Officer Summit in San Francisco.

Instant Payments Gain Ground With SEPA, SWIFT


The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. Implementation began last Friday, Nov.

Equistone completes acquisition of cross-border payments provider Small World

The Paypers

(The Paypers) Small World Financial Services Group Ltd has announced the completion of the purchase by Equistone Partners Europe, previously announced in March 2018

Talent Crunch Intensifies For Small Businesses, Bank Of America Finds


The year 2018 was a record year for small business (SMB) optimism in the U.S.,

SEKO and ShipStation join forces to help ecommerce retailers

The Paypers

(The Paypers) SEKO Logistics has partnered with ShipStation to help its ecommerce merchants expand in new cross-border markets

How Merchants Are Driving Conversions With Five Features


In eCommerce, convenience is the name of the game — and merchants are making it easier for consumers to make the decision to check out.

American Express brings upgrades to its Business Platinum Card

The Paypers

(The Paypers) American Express has announced upgraded premium business and travel solutions for Business Platinum Card Members coming in 2019

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Driving Connectivity In The Increasingly Complex Global Supply Chain


Only a small fraction of organizations say they are able to have full visibility into their supply chains. According to Geodis research , only 6 percent of organizations have obtained this visibility — despite visibility remaining a top-three priority.

deVere Group selects Secure Trading for acquiring and gateway solutions

The Paypers

(The Paypers) Secure Trading has announced being selected by deVere Group to supply one of their app’s payments platform with acquiring and gateway solutions