Payments Dive
JUNE 14, 2019
The new EMV Secure Remote Commerce specifications may provide a solution to a longstanding problem with ecommerce checkout creating friction for consumers and being vulnerable to fraud.
Bank Innovation
JUNE 14, 2019
Fintech executives sounded off on blockchain at CB Insights’ Future of Fintech conference this week. According to Henrique Dubugras, CEO and co-founder of Brex, blockchain is overhyped but cryptocurrencies are underrated. The corporate credit card startup is fresh off a $100 million funding round that has landed it a $2.6 billion valuation just one year […].
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Payments Dive
JUNE 14, 2019
Companies around the world work with partners to build, launch, and manage complete platforms, customizing systems to meet evolving market demands. executing on revenue goals — to build their businesses. But it’s more than just a business. Read our end-user stories to explore the impact of enabling digital commerce in a variety of communities.
Bank Innovation
JUNE 14, 2019
Sally Krawcheck, co-founder and CEO of digital investment advisory company Ellevest, has built an investment product geared at a market she said many digital wealth platforms aren’t effectively reaching: women. Krawcheck, who launched Ellevest in 2016, told an audience at a fintech event in New York this week that the market has room for many […].
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.
PYMNTS
JUNE 14, 2019
The traditional method of finding a lost pet worked well enough. A distraught owner might tape or staple some homemade signs around the neighborhood, knock on doors, put out some favorite treats on the porch or lawn, and perhaps even pray and check the bank account in hopes of offering a monetary reward. Still, that seems so old-fashioned in this digital age — at least according to Andrea Chavez, Founder of Pawscout , a company whose signature product is a Bluetooth-enabled tag that not only hel
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 14, 2019
To steal a line from the Marvel Universe, “with great power comes great responsibility.”. To steal another line from the Hippocratic oath, penned centuries ago, “first, do no harm.”. Those two maxims extend into the world of artificial intelligence (AI) — to the models built on machine learning and AI, and to the humans who come up with the models in the first place.
Payments Source
JUNE 14, 2019
EMV 3DS is no longer just for payments. The use cases for identification and verification (ID&V) are expanding, so the scope of EMV 3DS has become much broader to include adding cards to a digital wallet, open banking services and financial services apps, etc., writes Jean Fang, product manager at Fime.
PYMNTS
JUNE 14, 2019
Smart technology is unlocking supply chain efficiencies, providing emergency alerts and much more. But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues. Researchers have continued to report simple issues that trip up the tech — including failures by device manufacturers to require users to set up a PIN or passcode or failures by users to securely implement the technology.
Jack Henry
JUNE 14, 2019
There is an art to creating a sales culture within your organization. When done well, you create a cohesive team that transcends the efforts of individuals, where each is motivated by and through the success of the others. In the field of commercial lending, there are some unique challenges when building your team.
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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
JUNE 14, 2019
Florida governor Ron DeSantis has signed a bill that allows autonomous cars to operate on the roads without requiring a human being to be behind the wheel, according to reports. The new law puts the responsibility on companies making the technology to make sure the cars are safe and don’t cause accidents. Florida is now the third state to pass such a law, behind Texas and Michigan.
Let's Talk Payments
JUNE 14, 2019
The Cricket World Cup fever has taken over the globe, and we feel it here at MEDICI too. The matches have begun, and all enthusiasts are looking closely at the points table. Interestingly, New Zealand and Australia are on top of the table. Seeing this, we decided to look at the FinTech market in the region. To provide an overview, the FinTech industry in Australia has grown drastically, with the financial services sector being the largest contributor to the national economy, contributing around
PYMNTS
JUNE 14, 2019
Radio-frequency identification (RFID) technology is carrying more weight in retail these days, helping merchants to innovate and win over consumers, and even serving to tie together web, mobile and in-store experiences as part of the focus on omnichannel commerce. One of the latest examples comes from Outdoor Voices. The eCommerce operator and DTC brand reportedly is expanding its physical retail footprint and “modernizing its omnichannel experience for its store associates — and customers,” acc
ATM Marketplace
JUNE 14, 2019
Bitcoin ATMs are proliferating, like rabbits. There are now 5,000 of them around the globe. Vancouver, a city that has already felt the sting of failed crypto exchange QuadrigaCX, wants nothing to do with them.
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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
JUNE 14, 2019
Few companies meet customer demand for instant business-to-consumer (B2C) payments, while a large share of businesses still rely on paper checks for business-to-business (B2B) payments. In technology, Sweden-based Mapillary has rolled out a platform to crowdsource imagery of various settings, geographies and data. And merchants are eyeing augmented reality (AR) to lure local shoppers, while meal planning subscriptions with free trials are aiming to tackle food waste.
Payments Source
JUNE 14, 2019
Facebook's Libra, or GlobalCoin, will be cryptocurrency's largest test — fueled by a collection of huge investors that will determine if mainstream merchants and consumers will actually use a payment system featuring an alternative currency.
PYMNTS
JUNE 14, 2019
A number of retailers have recently seen a surge in eCommerce sales. Lululemon revealed this week that online sales this past quarter increased 35 percent, while Target’s online sales rose 42 percent and Walmart reported 37 percent growth. In addition, online sales at Dick’s Sporting Goods got a 15 percent boost and Best Buy saw a 14.5 percent increase.
Payments Source
JUNE 14, 2019
State and local officials have pushed back against retailers that don’t take cash, and now some are pressuring electric vehicle firms to expand payment options at charging stations.
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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
JUNE 14, 2019
According to reports out in The Wall Street Journal this morning, Facebook has found some big-name backers for its Libra cryptocurrency project set to debut next year. Facebook reportedly plans to give the world the first sneak peak at the product next week. The project has already found backing from over a dozen companies, according to the WSJ, a list that currently includes major names and players like Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Uber Technologies Inc. on it.
Payments Source
JUNE 14, 2019
Dutch banks ABN Amro, ING and Rabobank have started transferring their ATMs to the Geldmaat network in the Netherlands to address the decline of cash use among its customers, while continuing to make it available.
PYMNTS
JUNE 14, 2019
New estimates from eMarketer say that Amazon’s share of the U.S. eCommerce market is far below previous projections. According to reports in The Information , eMarketer has lowered its 2019 estimate for Amazon’s share of U.S. online sales to 37.7 percent from its previous estimate of 47 percent. That new figure, according to eMarketer, was derived from “new guidance” from data in Amazon CEO Jeff Bezos’ annual shareholder letter.
Payments Source
JUNE 14, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Revolut expands to Australia; Los Angeles upgrades transit; FirstBank signs on for real-time payments; Facebook invests in Meesho.
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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.
PYMNTS
JUNE 14, 2019
Amazon is going to make a push to revitalize its loan business after a recent slump, according to a report by the Financial Times. The eight-year-old business offers annual loans at interest rates of between 6 and 17 percent, but growth has slowed in the past few years. In the year between 2015 and 2016, outstanding loans almost doubled, to the tune of $661 million, and growth fell to 4.7 percent in 2017.
Banking Exchange
JUNE 14, 2019
One of the first online only banks was in the news this week for being a top place to work Community Banking Technology Retail Banking Tech Management Feature3 Fintech Feature Human Resources.
PYMNTS
JUNE 14, 2019
Commercial card startup Brex captured headlines this week when it confirmed a significant funding round that propelled the two-year-old startup’s valuation to $2.6 billion. The investment is a massive show of support for the digitization of corporate payments. Other rounds this week showed investors’ appetites for alternative funding solutions, global payroll, strategic procurement, enterprise digitization and cybersecurity.
Tom Groenfeldt
JUNE 14, 2019
Despite all the noise they make about customer centricity, banks appear to be missing out on engagement with customers, maybe because they are afraid to invite public comment, says Joe Fuca, CEO of Reputation.com. Only through active engaging can they generate positive comments.
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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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