Tue.Aug 18, 2020

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The Missing Guide to Your Adobe Managed Services Servers

Perficient

Working with Adobe Managed Services (AMS) I’ve wished I had a guide to the common activities I need to log into a server to perform. Here is a quick starter to help you find your way around the servers provisioned by Adobe Managed Services. Since I can’t guarantee AMS environments are consistent (and checking with other teams I’ve confirmed they’re not) you may find these commands or paths don’t exactly match yours, but they should be a good start.

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Encouraging millennials to use` digital revolving credit solutions

Payments Dive

Millennials have grown up with technology and generally avoid traditional credit cards in favor of digital payments. Tim Harris, CEO of FuturePay outlines how to interest this group in digital revolving credit solutions.

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Google Asks FCC For OK To Test 6G Service

PYMNTS

Google is asking the Federal Communications Commission (FCC) for permission to hold radio experiments “in and near the 6 GHz band,” according to a recent filing with the agency. The tech company said in the filing that it “proposes to conduct experimental propagation testing in the 6 GHz band to produce technical information relevant to the utility of these frequencies for providing reliable broadband connections.”.

Google 349
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Five Things BSA Officers Need to Know in COVID-19

Abrigo

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Embrace technology to help your department and institution successfully shift to remote work. The coronavirus pandemic has created a “new normal” for many industries, including the financial industry.

Fraud 195
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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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IRS Sends Refund Interest Checks To 13.9 Million Taxpayers

PYMNTS

The U.S. Department of the Treasury and the IRS are planning to send out interest payments totaling $18 on average to 13.9 million Americans who filed their tax returns in the last few months, according to a press release. The interest payments are intended for those who made a tax filing by the deadline on July 15 and received a refund in the last three months or will receive one soon.

Taxes 300

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Census Says eCommerce Sales Grew 44 Pct YOY – Why It Could Be Even More Than That

PYMNTS

There’s data and then there’s the story the data can tell — and sometimes the story you get is not the whole story. To that end, on Tuesday (Aug. 18th), the Department of Commerce’s U.S. Census Bureau reported that retail eCommerce sales for the second quarter, on an unadjusted basis, stood at $200.7 billion, up 37 percent sequentially, from the first quarter of the year.

Retail 289
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Ripple debuts digital ID project with 40 companies on board

Payments Source

By slicing clutter out of international payments, Ripple managed to turn rivals into partners once before. It hopes a hunger for sharable authentication can make that happen again.

Company 218
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Walmart Drops New Walmart+ Clues

PYMNTS

Walmart ’s upcoming membership offering will provide inexpensive prices and quick deliveries to shoppers. The rollout of Walmart+ , which is forecasted to compete with Amazon Prime, has been highly anticipated, CNBC reported. “There has been a lot of buzz recently about membership at Walmart,” CEO Doug McMillon said on the company’s second quarter earnings call with analysts on Tuesday (Aug. 18).

Online 275
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Retail banks can no longer afford tech mistakes

Bobsguide

Incumbent retail banks who have not yet developed a progressive digital strategy face significant cost pressures in the coming years, according to industry panellists in an online event today. “Look at Facebook, Google, Amazon and so on who have been constantly updating.

Retail 175
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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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Reliance Buys Majority Stake In Pharma Delivery Company Netmeds

PYMNTS

Reliance Industries has acquired a major stake in Vitalic Health and subsidiary Netmeds , through the Reliance Retail Ventures Limited arm, CNBC TV-18 reports. The stake includes 60 percent in Vitalic Health and 100 percent direct equity ownership in subsidiaries Tresara Health, Netmeds Market and Dadha Pharma Distribution. Netmeds works to connect customers to pharmacists and allows for doorstop deliveries for medicines and nutritional health and wellness products.

Company 214
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Have banks, fintechs compete to bring banking services to post offices

Payments Source

A pilot program that would let banks, credit unions and challenger banks bid to offer financial services within rural and inner-city post offices could be a first step in serving the underbanked while also helping to shore up the U.S. Postal Service's finances.

Fintech 165
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Walmart Earnings Fuel Concerns Over Retail’s Stimulus-Fueled Recovery

PYMNTS

In commerce as in life, progress is often either permanent or ephemeral. In which camp the fledgling U.S. retail recovery rests remains to be seen. As PYMNTS reported , retail sales in June and in July were up as measured year on year. But the data as reported by the U.S. Census Bureau might show that two months of growth don’t necessarily mark a permanent trend.

New York 168
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Workers in food, travel and entertainment fear job security, may default on payments

Payments Source

While anyone can lose employment during a pandemic or recession, below a certain threshold it becomes more likely that workers could lose their income — and thus default on credit card payments.

Payments 148
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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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Judge Stops $175M Revlon Loan Payment For Citi

PYMNTS

Citigroup ‘s request to freeze around $175 million in funds that were paid to hedge fund manager Brigade Capital Management by mistake has been granted by a judge, The Wall Street Journal (WSJ) reports. Citi wired $900 million owed by Revlon to various lenders that have been in a tangle with Revlon over its debt restructuring strategies. Brigade has contended it doesn’t have to return the $175 million, which was its share of the $900 million loan payment, WSJ reported.

Payments 160
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Demand for real-time wages climbed even after fees came back

Payments Source

As the coronavirus pandemic began, PayActiv waived fees for its earned wage access (EWA) user base. Eventually those fees returned, but they did not deter adoption.

Payments 153
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Amazon Tells Sellers To Ship On Prime 2-Day Schedule

PYMNTS

Amazon wants third-party sellers to step up their game and deliver at the same speed as the company’s own Prime program, CNBC reported. The company said it would be requiring members of its Seller Fulfilled Prime (SFP) program, which allows third-party merchants to make two-day shipping without paying for Amazon’s fulfillment services, to provide delivery coverage all over the U.S. and implement delivery and pickups on Saturdays beginning in February 2021.

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Jack Ma’s Ant Group to plan consumer finance firm

Payments Source

Jack Ma’s Ant Group is planning to create a new consumer finance company to bolster its market share in the country’s fast growing online lending industry.

Groups 154
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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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Bitcoin Daily: Ukraine Busts Alleged Crypto Laundering Operation; Blockchain Shipping Platform TradeLens Expands

PYMNTS

Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange. The platform said that “suspicious activity” that its Sentry workforce found and examined in conjunction with Ukraine’s Cyber Police brought about the identification and detention of a purported cybercriminal group behind alleged ransomware activities and laundering of over $42 million in digital currencies during the past two

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Incumbent banks favour inhouse AI development

Bobsguide

Large incumbent banks are more likely to build artificial intelligence (AI) capabilities inhouse rather than outsource them, according to Kevin Levitt, global industry business development at NVIDIA during an online MoneyNext Summit panel today. Lewitt referenced an AI in banking survey currently.

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Japan’s Oyo Hotel Startup Gets Management Help From Investor SoftBank

PYMNTS

SoftBank is dispatching officials to help one of its largest startups, Oyo , which is besieged by the pandemic’s economic effects, according to Bloomberg. Oyo Japan is a joint venture between the Indian online hotel company and SoftBank’s domestic telecoms unit, and it is among the most hard-hit by the pandemic among SoftBank’s portfolio of sharing economy businesses.

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About Face: Military Banks Offer Advice on Remote Customer Relationships

ABA Community Banking

With many banks getting a crash course in serving remote customers, military banks have plenty of experience to share on connecting with clients across long distances. The post About Face: Military Banks Offer Advice on Remote Customer Relationships appeared first on ABA Banking Journal.

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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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E-commerce will perish without embracing alternative patent methods

Payments Source

Non-card APMs are no longer an option but an absolute necessity. If they are not available, businesses face a “transaction declined” scenario where their customers will simply go elsewhere, says gaming payments expert James Ashton.

Cards 127
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Former chancellor Sajid Javid takes new role at JP Morgan

TheGuardian

Conservative politician will work as adviser at US bank while continuing as an MP The former UK chancellor Sajid Javid has been hired as a senior adviser to JP Morgan in a return to his career in banking. Javid resigned in February after Boris Johnson asked him to sack all of his advisers in a move by No 10 to seize control of the Treasury. He will join the former Labour prime minister Tony Blair, who was hired as a global adviser at the US bank in 2008.

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U.S. banks see more interest in real-time payments

Payments Source

For real-time payments to become a standard in U.S. billing and payment processing, businesses have to want what providers are developing. And that acceptance, or the interest in having an RTP option, is on the rise.

Payments 127
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Stay alert: six scams to watch out for

Qudos Bank

We’re all spending more time at home and online at the moment, which can leave us open to more opportunities to encounter and fall victim to a scam. Staying safe means staying up-to-date with how scammers are changing their tactics and adapting them to the current environment.

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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.