Fri.Aug 09, 2019

The key to Latin American payments: Get local to play global

Mobile Payments Today

To compete in the Latin American ecommerce space, businesses must understand the nuances of the local payments space and how business in each individual country gets done

Why 6 credit unions are partnering to access better payment solutions

Bank Innovation

As credit unions look to improve their technology on smaller budgets, one solution is to band together and pool assets. On Thursday, six credit unions did exactly that to improve their online payment capabilities through an investment in the digital payments company Payrailz.

Visa Checkout Could Be Gone By 2020; Google Pay Removes Support

PYMNTS

Visa is moving toward discontinuing its Visa Checkout service sometime next year, according to reports. It appears the company’s service, which was introduced in 2013 and competed with services like PayPal, will be shuttered in favor of a new EMV SRC-based service.

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CUNA Mutual program lets credit unions test startup-developed products

Bank Innovation

For financial institutions that can’t develop new products in-house, a startup partnership can help move an innovation agenda forward through new tech-enabled product offerings for customers.

For Retailers, Getting Ready For Automation

PYMNTS

Where once there was cash at the register, there will be scan and go. The salespeople dotting the aisles may give way to self-service kiosks.

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Weekly Wrap: Apple channels fintechs with card launch

Bank Innovation

Welcome to the latest episode of our weekly wrap video series, for the week ending August 9, 2019.

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Goldman Sachs OKs Subprime Applicants For Apple Card

PYMNTS

With its new credit card in conjunction with Apple, Goldman Sachs is reportedly approving some borrowers who are subprime for the offering.

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More Trending

Direct Sales Co Younique Launches Virtual Makeup App

PYMNTS

Direct sales company Younique, which has been pivotal in its approach to social media marketing, has launched an augmented reality (AR) makeup trying-on tool, according to a release. . The tool uses facial analysis and bridges the gap, the company said, between online and in-person shopping.

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ATM outsourcing: A growing trend that takes the pressure off banks

ATM Marketplace

As banks focus on mobile and customer experience, many are outsourcing their ATM maintenance and upkeep. The outsourcing trend, which began in the 1990s, has picked up speed in recent years with EMV upgrades and the migration to Windows 10

Farfetch Shares Drop 50 Pct. From IPO Offering

PYMNTS

Farfetch shares dropped to half their IPO price on Friday (Aug. 9), after it reported big losses and investors questioned whether a recent acquisition made sense for a company that isn’t profitable.

Which Industries Reap The Biggest Benefits From Predictive Maintenance And Why

Dataconomy

When considering the growth and productivity of organizations in different fields, it doesn’t take too much time to see a pattern on how maintenance strategies are common throughout all consistently thriving operations.

DoorDash Seeks $400M Before IPO

PYMNTS

Delivery startup DoorDash is hoping to secure a $400 million credit line ahead of its upcoming IPO, sources told Bloomberg on Thursday (Aug. JPMorgan Chase reportedly will lead the financing, and shares could be offered as early as next year, the sources told Bloomberg.

Tip: Dashboard Page for CIP Account Analysis in Cloud Projects

Perficient Financial Servies

When standing up a new Cloud Projects environment some of the analytics are not ready for prime time. There are a few steps that need to be performed before they will work. One in particular is the Dashboard Page for CIP Account Analysis.

Ready Or Not, Strong Customer Authentication Is Coming

PYMNTS

As September approaches, the deadline for EU merchants to implement Strong Customer Authentication (SCA) is looming. But according to the PSD2 Tracker , as many as 60 percent of these merchants aren’t ready.

ATM Security and Fraud

ATM Marketplace

Is your ATM fleet safe from smash-and-grabs, jackpotting, and cash trapping? If you can’t answer with a confident and resounding yes!, don’t stress. In this whitepaper, you can learn about these major threats and how to protect your ATMs (and the cash inside

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Google’s Latest Travel Move Could Boost Contextual Commerce

PYMNTS

Make room for more contextual commerce and more retail innovation in the travel sector. That’s the view from one of Google’s latest retail-associated launches, an airfare insight and travel recommendations offering.

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Don’t Confuse Branch Closures with Fewer Banking Services

ABA Community Banking

As consumers increasingly access banking services through digital channels, the vast majority of branch closures have been concentrated in well-off areas. The post Don’t Confuse Branch Closures with Fewer Banking Services appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Economy Featured Retail/Marketing ABA Data Bank Branches

New Data: U.S. Consumers And The ‘Everyday App’

PYMNTS

Each morning, 80 percent of American consumers check their phones before they brush their teeth — but they rarely do so for the same reasons.

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46 percent of consumers says biometric authentication is more secure than passwords

The Paypers

(The Paypers) A SmartMetric research has revealed that 46% of consumers prefer biometric authentication perceiving it as more secure than passwords/PINs

White House Calls For FCC To Regulate Social Media Content

PYMNTS

The White House has drafted an executive order that would put the Federal Communications Commission (FCC) in charge of what large tech companies choose to put on their websites, according to a report by CNN.

EleVia announces electronic invoicing enhancements

The Paypers

(The Paypers) US-based business process automation company EleVia Software has updates its e-invoicing tool, which enhances Deltek Vision and Deltek Vantagepoint invoicing

This Week In Amazon Vs. Walmart: The Battle For Consumers

PYMNTS

Though Amazon and Walmart are in a constant race for the consumer’s whole paycheck, they mostly stay within their own lanes.

3dcart, ClearSale to offer ecommerce fraud protection

The Paypers

(The Paypers) International fraud protection company ClearSale has announced that it inked a partnership with ecommerce platform 3dcart

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Uber Lost $5.2 Billion In 90 Days 

PYMNTS

It was a rough ride in after-hours trading after Uber reported its Q2 results — Uber’s big losses made investors and analysts nervous about the prospects for the ridesharing firm’s future profitability.

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This week in FinTech

Daily Fintech

Every day we bring you fresh insights about Fintech from an elite group of Authors who are just like you – senior executives, entrepreneurs and investors on the frontlines of the global Fintech revolution.

China’s EHang To Pilot Air Taxis In Guangzhou

PYMNTS

With a pilot for a citywide deployment, China’s EHang will create a network of air taxis as well as transports in Guangzhou. The company is geared toward creating as well as deploying autonomous passenger and freight vehicles, according to reports.

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Activist investor puts pressure on Middlefield in Ohio to sell

BankThink

Ancora Advisors also suggested that the company get rid of its current management team. Community banking M&A Activist Investors Ohio

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AI And A Consumer’s Curated Path To Purchase

PYMNTS

The good news about the era of marketplaces is that it allows the internet to finally live up to its potential as the store for everything.

Regulators may end CRA credit for loans to wealthy: OCC’s Otting

BankThink

Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers. CRA Regulatory reform Mortgages Affordable housing Joseph Otting OCC

Bitcoin’s Sizzle To Lead To Fizzle?

PYMNTS

As the price of bitcoin surged this week, cryptocurrency (namely, Facebook’s Libra) has been under increased scrutiny by regulators. The folks who bought their bitcoin at around $4,000 are feeling pretty smart.

Card issuers’ new focus on installment lending misses the point

BankThink

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options. Credit cards Debt collection Fintech Digital banking Point-of-sale Citigroup JPMorgan Chase Walmart American Express

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Carsharing App Car2go Significantly Raises Rates

PYMNTS

Car2go, a car rental app that lets users pay by the minute, is significantly raising its rates, according to a report by TechCrunch. The company said it’s going to start using variable pricing, based on how busy the service is and the time, location and day, something similar to what Uber does. .

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Eagle to expand in northeastern Montana with latest bank deal

BankThink

The company will pay $13 million for the parent of Western Bank of Wolf Point. Community banking M&A Growth strategies Montana

Bottomline Doubles Down On Data Intelligence For FY 2020

PYMNTS

Commercial payments firm Bottomline Technologies is doubling-down on data intelligence after posting an 11 percent year-on-year increase in subscription and transaction revenues for the fourth quarter of fiscal year 2019, the company announced Thursday (Aug. 8) after market close.

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OceanFirst to enter New York, near $10B in assets with two acquisitions

BankThink

The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding. Community banking M&A Capital New Jersey New York

 Uber And Lyft Earnings Tell Tales Of Two Strategies

PYMNTS

In what seems to be shaping up to be a modern-day version of The Beatles vs. The Rolling Stones, Uber and Lyft have put out their numbers for the latest quarter, and depending on where you look, or what niche you examine, or what line item you favor, one or the other is a winner.

As Apple Card pressures banks, a developer zeros in on mobile experience

Payments Source

Lightico is focusing on how users engage with institutions on a mobile device, something the company believes is a shortcoming among card issuers. Mobile payments Banking Payment processing Apple

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