Thu.Feb 25, 2021

Europeans are skeptical about their banks. Here’s what the data tells us


After surveying over 47,000 consumers across the globe, our recently released 2020 Banking Consumer Study surfaces important consumer trends, behaviours and beliefs. As the lead for Strategy and Consulting in Europe, I wanted to narrow the scope of our research to talk specifically about the region.

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Gift Cards Become Employee COVID Vaccination Incentives


The vaccines are here, and while rolling them out has presented some logistical hurdles across the country, employers have been ramping up efforts to get their respective workforces vaccinated in the bid to return to (some semblance of) normal. Some have even extended financial rewards to do so.

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Trending Sources

Zelle teams with Clearing House to speed P2P payments — and woo small banks

Payments Source

Early Warning's person-to-person payment network predicts that faster settlement through The Clearing House's Real Time Payments will enhance its appeal. Real-time payments ACH Payment processing

Corporates Take A Deeper Dive Into Blockchain


Blockchain and digital currencies continue to garner more attention among corporate finance leaders and their financial service providers, with this week’s Payment Rail Innovation tracker finding financial institutions (FIs) and FinTechs investing more heavily in the infrastructure to facilitate B2B payments.

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Demand for 5G can improve payments speed, authentication

Payments Source

The COVID-19 pandemic led many locked-down consumers to stream or download more movies and video games, and this trend is leading to a rise in demand for faster data services such as 5G — a potential driver of payments innovation. Payment fraud Faster payments

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More Trending

Affirm debit card brings installment payments to all merchants

Payments Source

The buy now/pay later pioneer's new card does not require sellers to opt in if they already accept debit cards. Affirm Debit cards Point-of-sale

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VersaBank Announces Plans For Digital Currency


VersaBank , which works in B2B digital banking and cybersecurity, has plans to launch a new encryption-based digital currency, according to a press release. The currency will be represented one-to-one with the Canadian dollar and will be known as VCAD, the release stated.

Compliance officers are e-commerce's first line of defense

Payments Source

Financial services firms, from traditional banks to fintech payment processors to data companies working in this space need to beef up their compliance teams, raise standards and improve education to ensure teams are ready to tackle the latest types of financial fraud, says ACAMS' Rick McDonell.

ADP Debuts AI-Driven Payroll App For SMBs


ADP has introduced its new Roll TM by ADP® payroll app, which is available to U.S. small business owners beginning Thursday (Feb. Small business owners can run payroll from any location at any time through the service, according to an announcement emailed to PYMNTS.

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Western Union links to Swift GPI, adds B2B currency options

Payments Source

The payments division of Western Union has integrated with the Swift Global Payment Initiative for faster transfers, and has added international currency options. Cross border payments Western Union SWIFT

Target To Add 17 Dedicated In-Store Apple Shops


Target is expanding its 15-year partnership with Apple to open 17 in-store shops that will be dedicated solely to its products, and will double the amount of space now being used. Target is also launching a digital destination for Apple merchandise.

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Biometric authentication gives cards a head start

Payments Source

With mobile payments and banking apps on the rise, biometric authentication is now increasingly common in consumer finance, says Fingerprints' Michel Roig. Authentication Biometrics Mobile banking Cards

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Bitcoin Daily: Crypto Bank Anchorage Raises $80 Million; Wyoming Proposes Blockchain Filing System Bill


San Francisco-based crypto custody firm Anchorage , recently cleared as a bank, has raised $80 million in a Series C funding round, according to CoinDesk. The round was led by GIC , Singapore’s sovereign wealth fund.

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Alt Lending Week Ending 26th February 2021

Daily Fintech

Bitcoin Plunges $10,000. Writing about lending encompasses the whole world of risk taking with other peoples money. After all what does a bank do or supposed to do? Take in deposits ie surplus money and lend it to people who need it.

Airbnb Checks In With $3.9 Billion Loss; Predicts Travel Industry Comeback


Reflecting the travel industry’s pandemic-led decline, Airbnb held its first earnings call as a public company on Thursday (Feb. 25) reporting a respectable revenue line, outweighed by a huge loss. “We

XBRL News about carbon, Chinese bonds and the disclosure cloud

Daily Fintech

Here is our pick of the 3 most important XBRL news stories from the last week.

Affirm Launching Buy Now, Pay Later Debit Card


Silicon Valley FinTech Affirm is launching a debit card with buy now, pay later (BNPL) functionality, the company announced in a Thursday (Feb. 25) blog post. “We We know consumers are looking for financial control and flexibility.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

The Creative Superpower: The Impact of High Performing Creative Teams on Business Performance

Strategically Speaking

“If marketing were a science, we would have figured out the perfect formula by now. The reality is that people make decisions based on emotion. Tapping into that emotion and using it to drive business outcomes is the creative superpower.” – Adam Morgan, Executive Creative Director at Adobe. Digital

American Hospital Association Says Members Could Lose $122 Billion This Year


hospitals are set to lose as much as $122 billion in revenue this year as a side effect of the pandemic, Bloomberg reported. The losses come from people not coming in for elective procedures during the pandemic, along with hospitals with fewer privately insured patients, according to the report.

Advent to merge payment firms into $3 billion company

Payments Source

Private equity firm Advent International is merging portfolio companies Transaction Services Group and Clearent, paving the way to another payments giant. M&A Payment processing

TJX Touts Strength Of HomeGoods Unit, Awaits Return Of ‘Revenge Shopper’


Given that roughly 15 percent, or 690, of TJX Corporation ’s off-price retail stores in Europe and Canada are currently still closed due to pandemic restrictions, the Framingham, Massachusetts company’s fourth-quarter results must be taken with a large grain of salt.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Plastiq, Ramp turn a corporate card into a multi-option payment vehicle

Payments Source

Payments platform Plastiq is partnering with corporate card provider Ramp to allow businesses to pay for any expense through the card — even if recipients do not accept payment cards. B-to-B payments

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New PPP Round Finally Gets Around To Gig Workers And More SMBs 


Another round of Paycheck Protection Program ( PPP ) funds is readying to hit the bank accounts of small business owners, this time slightly modified from the one that went out in spring of 2020. As of Monday (Feb.

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Never underestimate Bloomberg, but here are 5 reasons why the Gamestonk Terminal is a contender 

Daily Fintech

I learned to never underestimate Bloomberg in the ‘90s on Wall Street when everybody said open that data feeds would beat a closed terminal like Bloomberg – all were wrong. Then we had a lot of hype about Symphony messaging as a Bloomberg killer. It made sense.

NCR: Payments Are Connective Tissue For Banks And Retailers


In the digital shift, merchants have to manage their financial health by meeting consumers where they want to be, whether that’s curbside, in-store or at home (which, of course, means getting items delivered to the doorstep).

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.