Chris Skinner
OCTOBER 23, 2017
Today, I received a guest post from David Demar, cryptocurrency disciple, author and a writer for NoStop.net. I really liked what he sent through and thought it worth a share as it complements quite a bit of what I’ve covered in the last week. Enjoy! Preparing for the Coming Crypto Revolution … The post Preparing for the Coming Crypto Revolution appeared first on Chris Skinner's blog.
Payments Dive
OCTOBER 23, 2017
The payments industry needs a better barometer for how it measures success with mobile payments in the U.S. as the calendar approaches a new year.
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Bank Innovation
OCTOBER 23, 2017
EXCLUSIVE—With over 44 million U.S. borrowers looking to repay more than $1.4 trillion in student loan debt, having financial services that could help with the process is a serious concern for both bank customers and banks. Financial technology and chatbot provider Personetics wants to help. Set to demonstrate it solution today during the Money20/20 conference […].
PYMNTS
OCTOBER 23, 2017
On Monday (Oct. 23), Mastercard announced news of the launch of Mastercard Consumer Control, which allows consumers to view where their credit card information is stored online. The program is an API that displays where payment details are kept, allowing cardholders to understand how that information is being used. “As digital payments continue to evolve, cardholders have more and more options to enable new types of devices for payment and to pay in new ways online and in-app,” said Jessica Tur
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.
Bank Innovation
OCTOBER 23, 2017
EXCLUSIVE- Point-of-sale financier Affirm today launched its mobile app as it looks to strengthen its online business. The app, which Bank Innovation first reported about in August, is available today for download. The new app will give customers a virtual card that they can use to make online purchases. Additionally, it will let users split […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 23, 2017
Citibank has equipped its debit card users with its popular Citi Quick Lock feature, thereby granting them more control over their financial security. The feature, which had previously only extended to Citibank credit card holders, will allow users to lock their debit cards online or on their Citibank Mobile App, blocking new transactions while allowing […].
PYMNTS
OCTOBER 23, 2017
If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. And yet, despite headlines featuring Equifax, Sonic, Deloitte and Whole Foods – and cybersecurity companies consistently preaching that attacks are not a matter of “if” but “when” – many organizations are still not taking fraud prevention seriously.
Bank Innovation
OCTOBER 23, 2017
JPMorgan Chase has created a new mobile app for younger users, specifically those who don’t currently live near a Chase bank branch. The app, dubbed ‘Finn’ by the bank, allows customers to perform all of the daily banking tasks one would perform in a branch: users can open a bank account, track their spending, create […].
PYMNTS
OCTOBER 23, 2017
When IT Becomes a Drag on Innovation. FIs want to innovate – 97 percent of banks and credit unions surveyed told PYMNTS they have focused on innovation over the past three years. So, what’s stopping them? If you ask the FIs, it’s all about IT infrastructure. For the inaugural edition of the PYMNTS Bank Innovation Readiness Index, an i2C collaboration , PYMNTS surveyed more than 200 FIs to find out what’s fueling, and frustrating, their payments innovation.
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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
Bank Innovation
OCTOBER 23, 2017
Technology provider Intuit wants to take full advantage of the data it gets from TurboTax and other financial applications to give users a holistic sense of their financials. The company has launched ‘Turbo,’ announced today at the Money 20/20 conference currently taking place in Las Vegas. The mobile app is designed to give users the […].
PYMNTS
OCTOBER 23, 2017
In the midst of Money 20/20 , hacking abounds — well, hackathons, to be precise. Visa announced news on Monday (Oct. 23) that the team from OmniPark took both the top Visa prize and Money 20/20 grand prize at the annual confab. As part of those victories, the team takes home a prize package with several components, among them a $40,000 cash component split among team members and several tech devices ranging from iPhones to Fitbit Ionic wearable devices.
Insights on Business
OCTOBER 23, 2017
Well… They are both wanted by customers and needed by banks. Most customers (even those who don’t visit branches) still want to see a branch of their bank in the neighborhood. One may use mobile for daily cash and payment transactions, but one’s financial needs are much more than the routine transactions. To most customers, branch is where they get services when things go wrong or are too complicated to resolve remotely.
PYMNTS
OCTOBER 23, 2017
Sports apparel retailer Under Armour has launched its own subscription retail service , Fortune reports. ArmourBox, launched Thursday (Oct. 19), offers consumers a selection of the company’s sportswear on a monthly basis. Under Armour joins established players like Birchbox, Trunk Club, Stitch Fix and Rent the Runway in the subscription box market.
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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
Bobsguide
OCTOBER 23, 2017
It is undeniable that the financial technology space struggles defining innovation. Innovation has become synonymous with words like new, exciting, disruptive, modern, mutative, novel – to name a few. In a recent report, the Institute of Competitiveness and Prosperity declared that.
PYMNTS
OCTOBER 23, 2017
What are credit cards all about? If you said, “Payments – duh,” you’re only half right. The whole point of buying things on credit, is to give individuals more control over their household cash flow by allowing them to buy the things they need and want to buy over time. Affirm Head of Product Jack Chou , a recent transplant from Pinterest and formerly of LinkedIn, Google and Oracle, says that today, credit products must do better.
Let's Talk Payments
OCTOBER 23, 2017
Identity management, which encapsulates the issues of security and privacy, will be one of the most critical factors to ensure that secure m-transactions can successfully scale. Security of an individual’s.
PYMNTS
OCTOBER 23, 2017
Germany’s ZUGFeRD electronic invoicing (eInvoicing) standard is making ground across Europe. According to news from IDM on Friday (Oct. 20), the standard, which stands for “Central User Guide for Electronic Invoicing in Germany,” is more easily ready by Electronic Data Interchange (EDI) to transmit data from an invoice into existing enterprise resource planning (ERP) and accounting systems, as compared to other formats of “electronic” invoices like PDFs.
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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.
Bobsguide
OCTOBER 23, 2017
The halls of the annual Money20/20 conference in Vegas this year were packed out as guests filled up not one but two overspill halls on October Sunday 22. “Machine learning is the future of business growth,” argued Dr Matt Wood, part of the Technical Leadership Team for Amazon Web.
PYMNTS
OCTOBER 23, 2017
What do consumers want? Merchants think they have the answers: ease, efficiency and instant gratification. Oh, and security, too – but not at the expense of that frictionless user experience. Merchants, it turns out, are wrong – at least about a large chunk of their consumers. Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security.
Payments Source
OCTOBER 23, 2017
The lowest rates could be a sign the provider is not investing in itself, not being entirely transparent, or not providing a wide enough range of services for their clients, writes Drew Sementa, CEO of Tidal Commerce.
PYMNTS
OCTOBER 23, 2017
TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. “There are well-documented instances of how much reliance organizations still have on checks, even though this has been something that has been trying to be addressed for 10 to 15 years,” he recently told PYMNTS. “There are still a lot of checks and traditional means of pain that businesses have not been able to move away from.”.
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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.
Let's Talk Payments
OCTOBER 23, 2017
The development of cloud computing that came with the revolution of desktops took users back into the era of mainframe. Muneeb Ali, Co-founder of Blockstack, shares his vision on where.
PYMNTS
OCTOBER 23, 2017
Earlier this year, Italy initiated its largest bank bailout in its history when it committed up to $19 billion to save two failing regional banks, Banca Popoalare di Vicenza SpA and Veneto Banca SpA. Now, reports in Bloomberg said Friday (Oct. 20), the ongoing struggles of those FIs is putting as many as 40,000 small and medium-sized businesses (SMBs) in the region in jeopardy.
Payments Source
OCTOBER 23, 2017
KRACK, combined with other attacks, allows for the reading of pain text username, passwords, credit card numbers as well as the injection of code including ransomware, writes Timothy Crosby, senior security consultant for Spohn.
PYMNTS
OCTOBER 23, 2017
Though marketplaces have been around since the dawn of commerce, the last few years have seen a veritable explosion of them, particularly online. As of 2017, half of all online customers are regularly making purchases in digital marketplaces. By the year 2020, nearly 40 percent of all online retail is expected to be housed in marketplaces. PayPal wants to help midwife that change along and is doing so today with the release of PayPal for Marketplaces.
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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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