Tue.Sep 17, 2019

When digitalisation stops and humans step in, it all falls to pieces (American Express)

Chris Skinner

I saw a list on Facebook the other day about being old.

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How U.S. retailers can benefit from strong customer authentication in Europe

Mobile Payments Today

While Strong Customer Authentication does not apply directly to U.S. merchants, there are significant implications for retailers that have operations in Europe and gaining a SCA delegation can provide significant benefits

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Burger King Now Accepts Bitcoin


You want fries with that crypto? Might have to wait a bit, especially on the international stage. For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem.

Things worth reading: 18th September 2019

Chris Skinner

Things we’re reading today include … Big banks score win as U.S.

How FinTechs Help Merchants With GDPR Compliance


FinTech firms are keeping a pulse on the latest regulations and helping their clients comply with them. The European Union’s General Data Protection Regulation (GDPR), for instance, went into effect last May, and penalties are just starting to be enforced.

Greenlight is putting education at the core of its banking offering

Bank Innovation

Greenlight Financial, which just raised $54 million in Series B funding, is acquiring customers by pitching itself as a personal finance and banking hub for kids. Greenlight is a digital-only banking startup that is designed to teach kids how to manage their finances as they grow into adulthood.

U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud


Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses.

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More Trending

Spend Visa Expansion Allows Canadians To Use Crypto Like Debit Card


FinTech Spend has announced it has expanded its Spend Visa Card to Canada where cryptocurrency users can use crypto like a debit card anywhere that Visa is accepted, according to a press release.

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It’s Not You. It’s My Line Width.

Credit Union Geek

Originally published on CUInsight.com Far be it for me to dictate your relationship with your favorite word processor. Go on, keep your margins at the safe 1 inch. It’s not as if you’re putting text there anyway. Leave line spacing at double. Since you always seem to need the room. Ignore the footer field, like […]. The post It’s Not You. It’s My Line Width. appeared first on Credit Union Geek.

Mobile Banking Users Want More Control — But At What Cost?


Impending 5G technology holds a great deal of promise for many industries, especially for financial institutions. A 5G network could markedly improve mobile banking apps’ speed, security and ease of use. Mobile banking apps have already enjoyed mass adoption, but what are consumers using them for?

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Citizens Bank to push personalized ‘journeys’ based on data

Bank Innovation

On the heels of the fifth anniversary of Citizens Bank‘s IPO next week, the bank has launched a product and brand approach based on customer journeys called Made Ready. The strategy won’t result in any immediate changes in customer experience. Rather, it’s an indication of how the bank sees the evolution of its product roadmap, […].

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Shopify Debuts New Features For CBD Merchants


The multi-channel commerce platform Shopify is rolling out new features to help merchants sell hemp and hemp-derived cannabidiol (CBD) products online and in physical stores wherever it is legally allowed, Shopify said in a press release on Tuesday (Sept. Retailers in the U.S.

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Reform, not revolution: what to expect from Capitol Hill


The next year looks like a busy one on Capitol Hill. In the midst of presidential primaries and with 2020 elections looming, financial services regulatory reform may not grab headlines. But here at Deluxe, we’re laser-focused on issues impacting financial institutions and their customers.

What Is Powering The Emerging Pawnaissance?


While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. By definition, a pawnbroker offers loans on items that are not accepted as collateral by traditional banks or lenders.

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CFPB investigating Bank of America over phony accounts


During a probe that grew out of the Wells Fargo scandal, the Charlotte-based bank has acknowledged instances of "potentially unauthorized" accounts, but said that the number of examples was "vanishingly small.".

PODCAST: Solving Instant Payments Ubiquity Problem


Consumers live in a real-time world. Their use of mobile devices fuels the expectation that what happens on the other side of a click or a swipe will be delivered in real time — or as close to it as possible. That expectation increasingly extends to how consumers want to access their money.

How To 239

Learn From A Pirate - Negotiating Bank Products With Customers

Banker to Banker

Those Somali pirates are a wily bunch. While pirate attacks off the coast of East Africa are down, the average ransom is up. Most of the increase can be attributed to going after more modern ships and with better negotiating tactics.

How Voice Will Capture The Connected Commerce Frontier 


A massive sea change has happened in the world of retail – albeit so subtly and swiftly that most consumers probably never even felt it happen.

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Cash-flow data shows promise as predictor of credit risk


Melissa Koide, co-founder and CEO of FinRegLab, analyzed loan data from six lenders that use cash-flow data in their underwriting. She shares what she found. RegTech Conference Alternative banks Data management Artificial intelligence Machine learning Marketplace lending

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Goldman Leads Trulioo’s $70M Raise To Expand Global Digital ID


Trulioo , the global identity verification provider, has raised $70 million in new funding, eyeing growth in its core digital identification efforts, the company announced Tuesday (Sept.

FDIC tries to ease small banks' concerns with capital rule revamp


Regulators have redefined a simplified capital measure for community banks following criticism that their 2018 proposal did not go far enough. Regulatory relief Regulatory reform Minimum capital requirements Community banking Jelena McWilliams FDIC


Pizza Hut Teams With Kellogg On Pizza For Cheez-It Lovers


As Pizza Hut aims to bolster sales with its NFL sponsorship and a focus on delivery, the quick-service restaurant chain is teaming with Kellogg to roll out a Stuffed Cheez-It Pizza.

CFPB’s Kraninger agrees: Her job security is unconstitutional


The agency's director told congressional leaders and staff that she backs a Supreme Court challenge to the bureau's leadership structure. Trump administration Litigation Dodd-Frank Edit License Kathy Kraninger CFPB SCOTUS DoJ

The Rapid Rise Of Social Credit Scores 


The most common association with the term “social credit score” is with China.

Payments giants battle it out for the new breed of retail customer

Daily Fintech

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia. Payments processor Adyen has prized eBay away from PayPal and a high profile customer from Square.

Finablr’s Travelex Launches B2B FinTech Platform


Travelex , part of the United Arab Emirates-based Finablr , is rolling out a FinTech business-to-business (B2B) platform called Travelex Business, IBS Intelligence reported on Tuesday (Sept.

How to Ask Your Boss for a Raise at Work and Get It

Money Crashers

Do you feel like you get paid what you’re worth? Most people would wholeheartedly say no. According to a Robert Half survey cited in Fortune, 46% of U.S. workers believe they are underpaid. That’s not surprising considering that wages have barely kept up with inflation over the past several decades.

Google, Amazon Map Out Retail Future On The Road


The future of retail is playing out in multiple places, not the least of which is the open road. That’s where the connected vehicle ecosystem is being built.

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Why Wells Fargo is jumping on the crypto bandwagon


It's not a reaction to JPM Coin, the banks says, but a way to speed up international payments for corporate clients. Digital currencies Digital payments Faster payments Distributed ledger technology Blockchain Remittances pso cardline lead 2 Wells Fargo JPMorgan Chase

DataVisor Launches Feature Platform To Automate Fraud Detection


DataVisor has announced the launch of its new Feature Platform, which automates fraud detection through the use of artificial intelligence and machine learning data capabilities.

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Customers Bancorp banking cannabis firms in New York, Pennsylvania


The company will offer deposit-related services to firms with permits for hemp and CBD. Community banking Commercial lending Marijuana banking Pennsylvania New York

Bill Gates Says No To Big Tech Breakup


Bill Gates isn’t in support of breaking up the biggest U.S. tech companies. That idea was introduced by U.S. and Democratic presidential candidate Elizabeth Warren in March.

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4 things FIs can do to stay ahead of fintech startups

ATM Marketplace

It seems like everyone is jumping into the financial space these days. With traditional tech and fintech startups making waves, here are three ways traditional FIs can stay relevant

French Tech Startups To Get $5.5B Cash Infusion


Emmanuel Macron , president of France , has announced that institutional investors are ready to loan $5.5 billion to assist tech startups over the next three years, the Financial Times reported Tuesday (Sept.

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California bank warns of large fraud-related charge-off


Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses. Community banking Fraud losses Credit quality California

Construction Payments: Building The House With Virtual Cards


In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly. The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can ripple across the network.

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Georgia bank agrees to sell to Florida credit union


First Commerce Credit Union's agreement to buy Citizens Bank is the 14th credit union-bank deal announced this year. Community banking M&A Credit unions Growth strategies Georgia Florida