Fri.Dec 01, 2017

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Mastercard Bets on Blockchain and Payments with Latest Crop of Startups

Bank Innovation

Payments processor Mastercard is continuing its focus on innovation and partnership, announcing the latest 11 companies to join its ‘Start Path’ program as well as the expansion of its NYC Tech Hub. The latest companies to join Start Path, a Mastercard program aimed to support later-stage fintechs across the globe, including blockchain, health, and payment […].

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How 'PIN-on-mobile' could change payments acceptance for micro merchants

Payments Dive

Jeremy Gumbley, the CTO at Creditcall, believes this category of merchants are the ideal candidates for turning a regular mobile phone into a payment device.

Mobile 230
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Marketplace Lenders Should Remember Experience Can Be Replicated, Experts Say

Bank Innovation

EXCLUSIVE—Marketplace lending survived 2017 with many of its advantages over traditional balance sheet lenders intact, including its embrace and use of new digital technologies for lending and underwriting. With marketplace lenders enabling a borrower to apply for a loan via a mobile device from the comfort of their own home (rather than standing in line […].

Lending 257
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Case Study: MEPS Engages TNS for ATM Network Scale and Reliability

Payments Dive

MEPS is establishing a new breed of ATMs across Malaysia, which will see 1,000 ATMs live by 2022. This case study shows how it is using TNSLink from TNS to realize a scalable, carrier independent, wireless communications solution for its expanding ATM fleet. Since transitioning it has reduced unforecasted visits to ATMs by 25%.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Monzo Brings Back Debit Top-Ups But Warns Feature is Not ‘Sustainable’

Bank Innovation

British neobank Monzo has reinstated a popular feature for its current account, debit top-ups via card, Android and Apple Pay, but warned customers that the feature may not be “sustainable” for the bank. In a statement on the Monzo blog posted today, the bank noted that it had brought back the debit top-up feature — […].

Apple 249

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Bitcoin ATMs Sprout in Georgia

Bank Innovation

Bitcoin ATM network Coinsource on Thursday installed 20 new bitcoin ATMs in the Peach State. Of the 20 machines, 18 are in Atlanta and the other two are in Athens. The ATMs come as demand for the cryptocurrency in the region is on a rise, the company said. In a statement to Atlanta Business Chronicle, […].

ATM 236
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Mastercard Selects Diverse Group For Latest Start Path Program

PYMNTS

Mastercard has announced the list of startup companies chosen to participate in its Mastercard Start Path program, a group the company is calling its “most diverse class” ever. Mastercard revealed the list in a recent announcement, including startups that span a range of verticals. Those partaking in the program, which aims to support later-stage FinTech and technology startups, total 11 firms selected from five countries.

Groups 147
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Let’s Chat: Catering to Remittance Customers With Chatbots

Let's Talk Payments

Robots are coming. But don’t worry – they’re here to help. Over the next few years, chatbots will take on a bigger role within the remittance industry. Reports on the.

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Uber’s Rough Ride Of A Week

PYMNTS

We are reasonably sure that Uber will be happy to see 2017 come to an end. Scandals of one form or another buffeted the company throughout the early part of the year, leading to the departure of its founder, CEO Travis Kalanick , in late June. But the year’s earlier rough ride might now be viewed as a walk in the park when compared to the news of the last two weeks.

New York 144
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The State of Automation in Financial Services 2024 Report

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

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Monzo issues debit feature, then asks consumers to avoid it

Payments Source

The U.K. challenger bank appeals to its customers to use a debit top up sparingly and for “last minute emergencies” since this feature will cost them around $30 per customer each year due to processing fees.

Cards 72
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First Data Acquires BluePay Holdings

PYMNTS

First Data , a global leader in commerce-enabling technology and solutions, announced news that it has acquired BluePay Holdings. A provider of technology-enabled payment processing for merchants in the U.S. and Canada, BluePay was one of First Data’s largest distribution partners with a strong focus on software-enabled payments and card-not-present transactions.

Data 135
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Open banking risks underwhelming public

BankNXT

Daoud Fakhri says lack of public awareness about open banking may hinder its launch, and the banks aren't helping either. Open banking risks underwhelming public on BankNXT.

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Tapping The Power In The Plus-Size Apparel Market

PYMNTS

The average American woman’s size doesn’t much resemble the average size of a runway model — a fact well-known to any woman who ever stood in a dressing room trying on jeans and wondering what space alien they were cut for. The average female shopper in the U.S. is wearing a size 14 or 16 — 35 percent to 60 percent of women depending on whose figures you like — but most mainstream retailers do not carry clothes above a size 14.

Marketing 135
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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12.01.17 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: ECB pushes instant payments; Mastercard's new innovation class; Payment company launches pot magazine; Atlanta gets more ATMs.

Atlanta 68
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Today In Data: Rideshare Woes, Procurement Solutions And Investment Activity

PYMNTS

Many firms saw noticeable ups and downs in the past few days, with some experiencing highs like venture capital (VC) backing and new solutions to take extra tasks off employees’ hands. Others saw extreme lows, like massive devaluations and delays in important new product releases. Today in PYMNTS’ data, rideshare company Uber has had a rough 10 days, B2B procurement solutions are saving corporates time and money, VC funding rounds are backing a little bit of everything, investment activity in th

Data 134
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6 'villages' built around mobile payments

Payments Source

Mobile wallets have always had a chicken-and-egg problem: Why should merchants accept them if consumers don't use them, and why should consumers use them if merchants don't accept them? To solve this problem, it takes a village.

Mobile 67
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Google Wants To Help Users Hire The Right Expert

PYMNTS

When it doubt, Google it: a mantra most modern Americans live by. When things go wrong at home — the dishwasher breaks, the dryer goes on strike or a carpenter is just sorely needed — most consumers’ first step in solving the problem is going to Google to find the person they need. The problem, Google has realized, is that even within one trade area, experts are likely to have different areas of interest or ability.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Android Wear engineer Singleton leaves to join Stripe

Payments Source

Stripe's recent initiatives include Elements, a service that works like building blocks to make it easier for merchants to add or update new features without requiring substantial programming skills.

Google 65
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Mobike And Ofo Deny Mismanaging User Deposits

PYMNTS

Shared bike giants Mobike and Ofo deny they used 6 billion yuan ($909 million) of user deposits to support their rapidly expanding businesses. Anonymous sources also allege that both bike sharing companies are suffering from money mismanagement and struggling to pay bike manufacturers. According to China-based news source Caixin, Ofo said in a statement it has always had measures in place to guarantee the safety of users’ deposits, and those customers can get their money back without any problem

Policies 132
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Ignoring bots means missing consumers' new payment demands

Payments Source

Voice-based payments are part of the "instant gratification" consumers will expect from payment and financial services companies, writes Hicham Tahiri, a Paris-based fintech entrepreneur.

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Simon Wants To Help eCommerce Brands Get Into The Mall

PYMNTS

While it seems like much of physical retail is trying to figure out how to better emulate eCommerce brands, eCommerce startups are actually trying to figure out a way to get a toe-hold into the physical retail world. And Simon Malls — with over 300 shopping centers nationwide — wants to help them do just that. The trouble with physical retail from the startup point of view is overhead: Long-term leases in untested physical spaces lack a certain appeal, particularly in an era when brick-and-morta

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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First Data closes BluePay acquisition

Payments Source

The deal will help First Data complete in the fast-growing "integrated payments" space as payment processors race to diversify products, markets and technology.

Data 64
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China’s New Rules Target Online Micro-Lenders

PYMNTS

The Chinese government’s financial regulators have distributed new rules to local governments, targeting the fast-growing online micro-lending industry. According to news from Reuters , under the new rules, unlicensed organizations and individuals are not allowed to conduct a lending business. Lending institutions are also not allowed to give loan applications to consumers who have no source of income or to mislead consumers into overborrowing.

Online 129
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bobsguide's interviews of the year: Citi & EQ Global | Fintech recap 2017

Bobsguide

As part of our review of the past 12 months in fintech bobsguide is revisiting some of the standout interviews we have conducted in the past 12 months. First up is a joint bank/fintech interview we conducted back in May. Industry attitudes to collaboration between fintechs and banks in the.

Fintech 60
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As Bitcoin Bubbles, Cassandra’s Chorus

PYMNTS

What do you get when a group of esteemed observers and participants in the financial system — among them Nobel laureates and billionaires and not a few government officials — chime in, as one, about the lures and lunacy of unchecked speculation? You get cause for concern. Food for thought. And enough IQ points, wealth and wealth of experience to give even the most cheerful of bitcoin boosters pause.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.