Payments Dive
MARCH 16, 2020
Mobile Payments Today is doing its best to provide news and updates regarding how the coronavirus is affecting the payments industry. We'll update this story with the lastest headlines.
Chris Skinner
MARCH 16, 2020
I’m sitting staring at the wall. It’s been a long time now since being in a face-to-face meeting, conference or catching a flight. I’m staring at the wall. Thinking. Thinking. Thinking … what’s the meaning of all this? What’s the meaning of life? What’s the meaning of money? Money is … The post #Coronavirus, cash and the breakup of the Eurozone appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
MARCH 16, 2020
To streamline the enrollment process, while reducing the potential for fraud, GIACT released a new white paper, Mitigating Mobile Network Fraud with Secure Subscriber Enrollment , detailing the best practices in secure digital enrollment.
Chris Skinner
MARCH 16, 2020
Things we’re reading today include … BoE’s guv Andrew Bailey has to prove he knows what’s what Climate change: The rich are to blame, international study finds The Federal Reserve acts again, as market turmoil continues Quotes from Federal Reserve Chair Powell’s press conference Big U.S. banks halt stock buybacks, … The post Things worth reading: 17th March 2020 appeared first on Chris Skinner's blog.
Advertisement
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
MARCH 16, 2020
“Move fast and break things” is synonymous with Silicon Valley’s freewheeling tech culture. But one finance startup is learning the hard way that customers don’t like it when things actually break. As the coronavirus set off violent swings in global stocks, Robinhood Financial Inc.’s trading platform kept failing. A series of major outages left millions […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 16, 2020
“Move fast and break things” is synonymous with Silicon Valley’s freewheeling tech culture. But one finance startup is learning the hard way that customers don’t like it when things actually break. As the coronavirus set off violent swings in global stocks, Robinhood Financial Inc.’s trading platform kept failing. A series of major outages left millions […].
PYMNTS
MARCH 16, 2020
Select Starbucks mobile app customers are now seeing a payment choice of “Bakkt Cash,” CoinDesk reported. A spokesperson for Starbucks told the outlet, “We are currently conducting a limited test for our customers, using the Bakkt payment method. Customers can see Bakkt as an option but the test is only available at this time.”. Intercontinental Exchange, the parent firm of Bakkt, had first made it known in the summer of 2018 that Starbucks was eyeing the retail use of digital currency payments.
South State Correspondent
MARCH 16, 2020
The Fed did more than cut rates on Sunday; they pumped a massive amount of liquidity in the system, sending a signal to banks to level up. Far behind the health of employees and customers in the COVID-19 pandemic, comes the economic impact. Unlike the recession of 2008, where the economic impact came over many months, this pandemic impacted businesses in weeks providing much less time to prepare and adjust.
PYMNTS
MARCH 16, 2020
Cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected to come by the end of 2022 instead, according to reports. The move is the company’s answer to banks having trouble with decommissioning and preparing their infrastructure for the move. ISO 20022 is set to make changes to the payment landscape as a whole, according to the company.
Advertisement
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
South State Correspondent
MARCH 16, 2020
The economic implications of coronavirus are expected to be widespread and are already causing some borrowers to be concerned about their ability to make loan payments. Many of our bank customers have used the ARC program to fix rates for borrowers while retaining a variable rate. Some of these borrowers in profoundly affected sectors, such as restaurants, hotels, and theaters, are now approaching the lending banks to discuss loan payment relief.
PYMNTS
MARCH 16, 2020
Payhawk , which makes next-generation paperless company cards, closed a 3-million-euro ($3.35 million) seed funding round primarily aided by Earlybird’s Digital East Fund, according to reports. The money will go toward establishing a more robust presence in Germany after Payhawk recently opened an office in Berlin. Other contributors included Berlin’s TinyVC, former European Visa Chief Commercial Officer Mark Antipof, and Sage Chief Strategy Officer Keith Robinson.
Payments Source
MARCH 16, 2020
Governments are directly advancing real-time digital payments — a welcome move for Ripple, which is applying its relationship with MoneyGram and a growing base of eager partners to expand its network.
PYMNTS
MARCH 16, 2020
Western Union is partnering with Integral for a new risk management mechanism called Integral BankFX, according to a press release. Western Union, known for cross-border payments and money moving maneuvers, will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program, the release states.
Advertisement
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.
Matt Wilcox Pro
MARCH 16, 2020
NOTE: In no way is the content of this post intended to provide medical advice. See an MD for that. In 1986, the president of the company that markets LifeStyles condoms referred to AIDS as “a condom marketer’s dream.” Jerry Della Femina, founder and president of the advertising agency handling the Lifestyles account, immediately retorted, “AIDS [.
PYMNTS
MARCH 16, 2020
Troubled British department store chain Debenhams is asking for relief from landlords for five months of rent as it anticipates trouble from the ongoing coronavirus scare, according to a report by the Financial Times. The chain went through two insolvency events in 2019, and it expects the virus to adversely affect trading. The group also recently asked for a drop in business rates and rent in relation to its balance sheet restructuring, which could potentially involve a process that would turn
Payments Source
MARCH 16, 2020
The nationwide lockdown in Italy has necessitated changes for Pellegrino personally, and for his business. The two worlds often intersect.
PYMNTS
MARCH 16, 2020
Facebook and Alphabet , the parent company of Google , would both be in trouble in a broad market sell-off caused by the global coronavirus pandemic, analysts said, adding they’ve also “seen a lot worse” overall, CNBC reported. According to analysts from Evercore, both tech giants would be looking at a 30 percent to 40 percent drop in stock values if the sell-off were to happen.
Advertisement
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.
Bobsguide
MARCH 16, 2020
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It is the largest listed pan-European warehouse owner and developer. The group owns or manages eight million square metres of space (86 million square.
PYMNTS
MARCH 16, 2020
Things are getting a bit testy in retail land. The world’s largest retail trade group sent a letter on Monday (March 16) to the National Governors Association and the U.S. Conference of Mayors stating its subtle displeasure about retailers finding out about mandatory store closures in the press. The National Retail Federation (NRF) has asked governors and mayors to essentially call first before closing or curtailing retail hours to deal with the COVID-19 virus.
Banking Exchange
MARCH 16, 2020
National and community banks are taking measures to ease the financial difficulties posed by lockdowns and closures Community Banking Risk Management Feature3 Feature The Economy.
PYMNTS
MARCH 16, 2020
In an attempt to give relief during the coronavirus pandemic, Uber Eats will be waiving delivery fees for independent restaurants in the U.S. and Canada, Reuters reported. Uber Eats, the food delivery arm of the popular ride-hailing company, is following the lead of other similar companies like GrubHub and Postmates , which also decided to do away with delivery fees.
Advertisement
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.
American Banker
MARCH 16, 2020
Lenders are rallying around a bill from Sen. Rubio that would give them access to another $50 billion under the 7(a) program. It could face obstacles in the House, where a bill favors direct lending by the Small Business Administration.
BankBazaar
MARCH 16, 2020
Missing the great outdoors during this time of isolation? It’s time to look inward (literally) and make the most of staying indoors; your finances will thank you! It’s obviously difficult to ignore the negative aspects of a pandemic; there’s panic in the air. However, staying safe and indoors is a simple and effective way to not only remain healthy but to also minimise the effect of the virus.
Banking Exchange
MARCH 16, 2020
Accenture analysis urges banks to adopt new technology to replace revenues lost from competitive and regulatory pressure Retail Banking Risk Management Feature3 Feature Financial Trends The Economy.
BankBazaar
MARCH 16, 2020
Don’t feel confident when it comes to crunching numbers? Here’s how an EMI Calculator can come to your rescue. An EMI Calculator is an online tool that allows you to calculate your monthly installments for loan you take. You need to enter the amount you wish to borrow, loan tenure, rate of interest, and then processing fee rate. The basic formula that is used to calculate.
Advertisement
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.
Expert insights. Personalized for you.
524 
Let's personalize your content