Mon.Dec 03, 2018

Mastercard, Microsoft Team Up On Digital Identity Initiative

PYMNTS

Mastercard and Microsoft announced Monday (December 3) a strategic collaboration to improve how people manage and use their digital identity.

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UK headmistress threatens to close tuck shop

Chris Skinner

I was wracking my brains trying to write something interesting about the Brexit farce, when I noticed that my good friend Bob Lyddon had done it for me. Enjoy!

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CFOs Held Back From Driving Digital Transformation

PYMNTS

Like many positions in corporate finance, the role of chief financial officer (CFO) is facing new pressures in a climate of innovation and novel challenges, from cybersecurity to geopolitical events. It’s a shift that’s been happening for years.

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Things worth reading: 4th December 2018

Chris Skinner

Why Consumers Will Shrug Off The Marriott Breach

PYMNTS

In 1954, mathematician L.J. Savage published research about how consumers process information when making decisions. Dubbed the sure-thing principle , Savage’s work showed that consumers consider a variety of inputs when making decisions.

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OneSpan Webinar to Discuss Latest Cybersecurity Trends in Financial Services

Bank Innovation

Cybersecurity is on the rise, and financial services companies are its primary targets. The adoption of new digital channels such as mobile and online banking have given financial organizations a competitive edge.

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Cyber Insurance Disputes Rise With Attacks

PYMNTS

With cyberattacks on the rise, corporate victims find themselves battling it out with cyber insurance companies over protection from the damage done by security breaches.

More Trending

From Friend’s Grandpa To Hip Elder Brother: Banks As Consumer Trust Anchors

PYMNTS

Almost five years ago (on Dec. 19, 2013), Target was breached. Roughly 40 million consumer credit cards were hacked, and the public outcry of shock was massive. People could not believe an entity like Target could be so completely compromised.

Bank Innovation’s Top 5 Stories of 2018

Bank Innovation

It’s been an interesting year. Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have shaken up the banking landscape and automation has become the norm in various aspects of banking with banks like using it in the backend of credit decision-making and lending. But which Bank Innovation stories caught […].

Apple Debuts Dedicated Store For Military And Vets

PYMNTS

Apple announced on Monday (Dec. 3) that it will open a new online store dedicated to veterans and active military personnel, according to a report.

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Microsoft’s Recent Acquisitions Highlight Its Growing Focus On This $120B Industry

CB Insights

Microsoft is one of the most acquisitive companies of all time, according to CB Insights’ Acquirer Search. Cloud wars: the race between Google, Microsoft, and Amazon. Find out why the industry is expected to reach $513B by 2022. Get the full 59-page report. Email. Since 2013, the software giant has acquired 75 companies in total. Acquisition activity peaked in 2015, nearly a year after Satya Nadella replaced Steve Ballmer as CEO. Want the full expert post? Become a CB Insights customer.

Jumio Tries To Stamp Out Illegal Purchases Of eCigarettes

PYMNTS

Water always finds the lowest point — that’s a fact of life. So, too, is this: Underaged consumers will always try, and often find ways to, circumvent restrictions on purchases of goods that they are not supposed to buy until they reach maturity or, at least, the age of majority.

One97 – From selling Astrology services over the phone to a Global Fintech Unicorn

Daily Fintech

A glance at the infographic with the top global Fintech unicorns [1] (as of Q3), fired several thoughts. Gold and bronze position to Chinese born giants, Ant Financial and Lu.

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Bitcoin Hits New All-Time-Low

PYMNTS

Bitcoin marked the beginning of December with another drop in value – this time by 8 percent, according to a report by CNBC. Following a 37 percent drop in November, which took about $70 billion off bitcoin’s market value, the cryptocurrency found a new bottom at $3,790.96.

Platformification â?? the end of banks but the future of banking?

Bobs Guide

Niels Bohr, the Danish, Nobel-prize winning physicist once said “prediction is very difficult, especially if it’s about the future” However, there is something about human nature that compels us to make predictions, and there is something else about our nature that seems to

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Today In Data: The Most Wonderful Time Of The Year (For Cybercrime)

PYMNTS

A tidal wave of consumers hit the stores (online and real world) for the kick-off weekend of the holiday shopping season , trying to snap up the deals and savings.

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The digital transformation puzzle: no more shying away from technology

Bobs Guide

With banking customers expecting higher quality and faster interactions, customer experience has become the battleground where banks compete to retain existing customers and attract new ones. Many banks are embracing digital transformation (DT) as a strategy on which to build new and advanced

Hackers Use Crypto Mining Software To Attack Cos

PYMNTS

Hackers might have another way to steal data from corporations: cryptomining software. Troy Kent, a threat researcher at Awake Security , presented his findings at the InfoSecurity North America Conference in New York earlier this month.

Payment and fintech startups are hamstrung by avoidable mistakes

Payments Source

Regulatory, data management and poor training can stop a fintech it can even get off the ground, according to Michael Dawson, managing director and CEO of Promontory Asia. ISO and agent Fintech Compliance Data management Payments

Rent-A-Christmas Delivers Holiday Decorations On Demand

PYMNTS

For some people, decorating for Christmas is an important part of the season’s fun: unpacking the decorations, laying them out perfectly and perhaps snapping a few shots for social media.

Bitmain purchases cryptocurrency index for market performance

The Paypers

(The Paypers) Bitmain has launched a digital assets index, BCI, to provide institutional and retail investors with a transparent methodology to track cryptocurrencies trades

Restaurant365 Launches Fully Integrated AP Solution

PYMNTS

Restaurant365 is launching a fully integrated accounts payable (AP) automation solution to streamline restaurant invoice capture, approvals and payment processing.

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PayPal: record broken in mobile payments during Black Friday & Cyber Monday

The Paypers

(The Paypers) Black Friday has broken records in terms of sales made from mobile devices, with PayPal seeing a similar trend during the Thanksgiving to Cyber Monday

Draft Guidelines Clarify GDPR Scope

PYMNTS

As GDPR continues to take root, having an impact in Europe and beyond the confines of the continent, news came late last month that the European Data Protection Board has published draft guidelines that touch on the data protection regulation’s territorial scope.

T-Mobile testing mobile banking service

The Paypers

(The Paypers) T-Mobile has announced the testing of a service called T-Mobile Money, to give customers access to direct checking and other accounts

Forget Drones — For Amazon Delivery Domination, Think Vans

PYMNTS

Amazon ’s delivery efforts provided minor Facebook entertainment over this past weekend for more than a few people in New Orleans (home of the PYMNTS warm winter and Mardi Gras bureau).

Ohpen unveils Ohpen API Portal in beta mode

The Paypers

(The Paypers) Netherlands-based banking software vendor Ohpen has unveiled its Ohpen API Portal (OAP) in beta mode

Jared And Kay Jewelers Fix Consumer Data Breach

PYMNTS

Signet Jewelers, the company that owns Jared and Kay Jewelers, has fixed a massive data breach that allowed anyone to view the order information of other customers, including a home address and the last four digits of a purchaser’s credit card, according to a Monday (December 3) report.

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Building digital banking relationships

Matt Wilcox Pro

WITH THE CONTINUED move to digital banking, there looms a danger of losing the personal touch. That doesn’t bode well for an industry built on strong relationships. Contrary to what some may think, there’s no reason that automation cannot promote human connectedness.

In Expense Management, Data Emerges As The Currency Of Control

PYMNTS

Amid the digital transformation of the enterprise, data is now considered the most valuable currency for corporates looking to transform via technology.

Amazon Go's biggest challenge is scale

Payments Source

Even as Amazon has expanded its cashierless Amazon Go stores to new cities, it has been careful to limit the size of each store as a concession to the limits of its technology. That constraint may soon be a thing of the past. Retailers Internet of things Mobile payments Amazon

Ecuador Launches Global B2B eMarketplace

PYMNTS

Ecuador has announced the launch of an online business-to-business (B2B) marketplace.

Application Fraud: How Do Synthetic Identities Get Created?

FICO

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Verizon And Samsung Target 2019 For U.S. Release Of 5G Smartphones

PYMNTS

Verizon and Samsung announced on Monday (Dec. 3) that they would launch U.S. 5G phones in the first half of 2019, according to Reuters.

Rabobank, Nxchange launch alternative funding platform for SMEs

The Paypers

(The Paypers) Rabobank and Nxchange have launched Rabo&Crowd to provide businesses with access to a new financing channel

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Late Payments Spur Australian Subcontractors’ Advocacy

PYMNTS

In Australia, there has been movement by building subcontractors to stem the tide of late payments , as they are, according to the Brisbane Times , demanding legislation to help address the issue of getting paid in a timely manner.

ONPEX, SatchelPay partner for cross-border payments and banking

The Paypers

(The Paypers) ONPEX has partnered with SatchelPay to provide the latter with the tailor-made banking and payment services it needs to boost SWIFT payment capabilities