Payments Dive
DECEMBER 8, 2017
The implementation of the new European payments legislation is imminent, affecting the payments industry like never before and bringing the future of banking back into the hands of its consumers.
Bank Innovation
DECEMBER 8, 2017
EXCLUSIVE- Emerging markets-focused money transfer app WorldRemit has raised another round of funding, bringing the total amount to $220 million. The new Series C funding of $40 million was led by LeapFrog Investments, a PE firm that focuses on Asian and African markets. Other investors include California-based investment firms Accel and TCV, both of whom […].
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PYMNTS
DECEMBER 8, 2017
Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. 7). In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies.
Bank Innovation
DECEMBER 8, 2017
EXCLUSIVE— With bitcoin’s price over $15,000, and continuing to rise, it seems as though the currency has finally hit its mainstream moment. The currency’s price has more than doubled since the beginning of the year, and much of that spike has occurred just within the past couple of weeks. It has not gone unnoticed by […].
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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
DECEMBER 8, 2017
In total, B2B venture capitalists placed (or announced plans to place) $85 million in funding to businesses, with startups in the U.S., Asia and the Middle East taking the lead this week. It was a mixed bag of funding, with a few startups working in more traditional B2B technology, including expense management and SaaS. The others, however, are working with more cutting-edge tech, including bitcoin and artificial intelligence (AI), and just so happened to see the largest funding rounds of the we
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 8, 2017
Amazon has long avoided troubles with copyright and trademark infringement issues in the U.S. by calling itself a venue through which merchants can sell — not an actual merchant for many of the goods for sale under its umbrella. Amazon can try to police its sellers, but it is ultimately not responsible for whether they follow the law. Various cases have challenged that premise, to little or no avail.
Bank Innovation
DECEMBER 8, 2017
Southeast Asian ride-hailing app Grab will now offer mobile payment services in Malaysia thanks to the regulatory approval it received from the country’s central bank, Bank Negara Malaysia today. The app is called GrabPay and will be rolled out in four phases in 2018. It is aimed to encourage customers and SMEs to go cashless. […].
PYMNTS
DECEMBER 8, 2017
Much changes in a quarter century in any realm — personal and professional — but especially in payments. And especially in cross-border payments , where, amid globalization, currencies shift and businesses connect across time zones, languages and even industries. In an interview with PYMNTS’ Karen Webster and Gary McDonald, CEO of Cambridge Global Payments , discussion hinged on the ways moving money remains a challenge, and how technology has played a role in streamlining some processes.
Bank Innovation
DECEMBER 8, 2017
EXCLUSIVE – Bank of America has rolled out a series of features and upgrades to its mobile banking app including a timely partnership for the holiday season with Blackhawk Network Holdings’ gift card marketplace Gift Card Mall. Other features include Bank by Appointment, a feature that lets users book appointments with specialists, managers and notaries […].
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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
DECEMBER 8, 2017
Today in PYMNTS’ data, the value of online charitable donations to nonprofits is increasing every year, acquisitions in B2B cross-border payments are giving some firms an advantage, the mobile delivery market is booming, venture capital (VC) firms are backing all types of business-focused solutions providers and one firm is giving businesswomen better options for workwear.
Let's Talk Payments
DECEMBER 8, 2017
Worldwide revenues for big data and business analytics will grow from $130.1 billion in 2016 to more than $203 billion in 2020, at a CAGR of 11.7%, IDC estimated. “The.
PYMNTS
DECEMBER 8, 2017
The Consumer Financial Protection Bureau’s new interim head, Mick Mulvaney , is looking at Wells Fargo’s case to see if it should be on the hook for tens of millions of dollars over mortgage lending abuse, reported Reuters. The report, citing three sources familiar with the dispute, reported the CFPB has been investigating the mortgage abuse since earlier in the year.
Bobsguide
DECEMBER 8, 2017
This article on 2017’s AI comes very recently after Google’s AutoML project created an AI child that was smarter than AI built by humans.
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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
DECEMBER 8, 2017
A cryptocurrency mining market in Slovenia, which lost millions in bitcoin in a Wednesday (Dec. 6) cyberattack, is now claiming the hack likely came from an IP address outside the European Union. NiceHash — a platform which offers services from individuals with cloud mining computing power in exchange for cryptocurrencies like bitcoin, Dash, Ethereum, Litecoin, Monero, Zcash and other altcoins — says the cyberheist likely impacted investors located “all over the world,” according to news from Re
Payments Source
DECEMBER 8, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Alan Greenspan weighs in on bitcoin; Saxo's wild bitcoin prediction; Patreon changes its fees; U.K. researchers find another password vulnerability; Credit union blockchain group hires former Mastercard exec.
PYMNTS
DECEMBER 8, 2017
They say gift cards are the gift that always fits. Apparently, this is especially true if you’re a fraudster, and many are using this unlikely currency to support their drug habits. Law enforcement and drug users report that the scam isn’t hard to pull off, according to CNBC. Thieves simply walk into Walmart, Target, Home Depot, Lowe’s or another big-name retailer, steal an item, return it at a different store without a receipt and receive a gift card in return, which they can then turn around a
NCR
DECEMBER 8, 2017
The transformation of the global payments market continues to gather pace, with the emergence of a growing number of technologies offering consumers more choice than ever when it comes to choosing how they pay for goods and services. Indeed, the latest World Payments Report , published by Capgemini and BNP Paribas, found the number of non-cash transactions is enjoying its highest growth rate for a decade, with volumes growing by 11.2 percent globally in 2014-15.
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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
DECEMBER 8, 2017
In what may be a legal salvo over a monumental bank heist perpetrated by cyber thieves, the central bank of Bangladesh has asked the New York branch of the Federal Reserve to join forces in a lawsuit levied against another bank, this one based in the Philippines. Reuters reported news that the request has yet to be embraced or rejected. As the newswire noted, “there is no indication” the Fed will indeed sign on to sue.
Payments Source
DECEMBER 8, 2017
Almost 10,000 merchants in Hong Kong and Macau will offer discounts throughout December to Alipay users from Mainland China. Merchants in India, Thailand, and other markets will also participate.
PYMNTS
DECEMBER 8, 2017
OfferUp : the mobile app that connects local buyers and sellers, helping regular people get rid of their extra belongings. It’s also the mobile app that, unfortunately, can lead would-be buyers straight into criminals’ traps, where these tricksters demand money for products they are not actually selling, and may harm or threaten to harm buyers to get them.
Payments Source
DECEMBER 8, 2017
Chase Pay was years in the making, and it's still finding new ways to reach its intended audience. On the surface it seems like a simple QR code-based mobile wallet, but underneath it's far more complex.
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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
DECEMBER 8, 2017
“Accio pizza!”. There’s a phrase that Harry Potter never uttered in his seven years at Hogwarts School of Witchcraft and Wizardry. Now, however, the magic is real for Muggles – er, we mean, regular non-magic people – across Britain, and they don’t even have to remember the Latin-sounding summoning spell – all they have to do is wave the Just Eat ordering wand to place their most recent takeout order again.
Payments Source
DECEMBER 8, 2017
The best course of action is to not focus advocacy efforts on the CFPB; rather focus efforts on those members of Congress who support small business, deregulation and free enterprise, writes Rozanne Anderson, vice president and chief compliance officer for Ontario Systems.
PYMNTS
DECEMBER 8, 2017
San Mateo startup Tipalti, a firm that automates accounts payable and payments cash flow, has partnered on two recent global payment method studies. Those studies, according to Rob Israch, Tipalti CMO, have unearthed some encouraging and surprising findings for the company’s mission. The first, conducted by Gatepoint Research, examined the supply chain.
BankNXT
DECEMBER 8, 2017
Startups have always been around, as has the pursuit of new technology solutions for banking delivery, says Leda Glyptis, so why are we saying fintechs? Fintech isn’t a thing – it’s a moment in time on BankNXT.
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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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