Sun.Jan 24, 2021

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Proper Communication between Angular Components

Perficient

Introduction. A few months ago I had a solution that required me to call a method in a child component. I, not knowing how to do this properly, “hacked” a solution using Angular inputs and outputs. Although the solution technically worked, it never felt like it was the best solution to use. After communicating with some coworkers, I found out that my solution wasn’t following “best practices” for communicating between Angular components.

Data 324
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NCR Closes In On Deal To Buy Cardtronics For $1.7 Billion

PYMNTS

NCR Corp. is close to a deal to buy ATM operator Cardtronics , fending off two other bidders, according to the Wall Street Journal on Sunday (Jan. 24). NCR's takeover, currently in the process of being finalized, will value Cardtronics at $39 per share or around $1.7 billion, those with knowledge of the matter told WSJ. However, as usual, talks might not go anywhere.

ATM 293
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Updated PPP 3508S, EZ Forms, Guidance; New 3508S Not Quite ‘Blanket Forgiveness’

Abrigo

Key Takeaways The SBA has rolled out updated PPP loan forgiveness applications and guidance to incorporate changes from the Economic Aid Act. The updated 3508S form covers loans of $150,000 or less, but borrowers still have to comply with all terms of the Paycheck Protection Program, including limiting reductions in employee headcounts and wages. Lenders also got new requirements related to notifying borrowers and uploading those notifications to the SBA platform.

Lending 195
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No Candy: Godiva To Close US Stores

PYMNTS

Godiva, the maker of high-end chocolates that significantly expanded its U.S. retail presence in recent decades, is reversing course and closing all its North American brick-and-mortar locations, according to numerous online news sources citing a company statement. The reversal in course comes after Godiva has been hurt by a move away from mall shopping that was already underway before COVID-19 and related restrictions accelerated the trend.

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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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How open banking can transform the U.S. payments market

Payments Source

U.S. banks and payment companies are looking to Europe's example to see how open banking can push the market beyond its reliance on credit and debit cards.

Marketing 185

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Tangible use cases provide an argument for data-based payments

Payments Source

Helping corporates manage cash and liquidity through automated data-based actions can start to ease serious headaches for treasurers, says Icon Solutions' Simon Wilson.

Data 112
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US Business Activity Expands In January

PYMNTS

Operators of U.S. private businesses reported that 2021 is off to a good start overall, but signs of inflation are on the rise, and the jobs market outlook is somewhat gloomy, according to a press release from research firm IHS Markit. The findings were generated by surveys IHS Markit conducts in the hope of foreshadowing trends that emerge later in high-profile, official surveys.

US 255
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What will drive bank M&A in 2021

American Banker

Mergers and acquisitions were largely on ice in 2020, but banks' mounting need to control expenses and invest heavily in technology could spur a comeback this year.

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DailyPay Launches CYCLE To Disburse Off-Cycle Payments

PYMNTS

On-demand pay platform DailyPay has rolled out its CYCLE solution, intending to help professionals handle off-cycle payroll payments, according to a press release. Off-cycle payroll payments, which happen when companies make payments outside of their usual payroll schedule, can be costly and time consuming, the release stated. Typically, the process requires creating and sending paper checks, which can run up to $50 to overnight to the recipient.

Payments 250
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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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Volvo Financial Services partners Payer to optimize payments

The Paypers

Payer has become a partner in one of Volvo Financial Services ' new payment solutions, being commissioned to integrate its platform and payment chain between the workshop, dealers and customers.

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Post-Purchase, Uber Lays Off 185 Former Postmates Workers

PYMNTS

Uber laid off around 185 people from the Postmates division as of Thursday (Jan. 21), as the ridesharing company continues trying to weather the pandemic, The New York Times (NYT) reported. The layoffs will include the bulk of the Postmates team, including Founder and CEO Bastian Lehmann. That information came from people who spoke with NYT anonymously.

New York 250
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Digital Banking Transformation Requires Employee Engagement

The Financial Brand

The correlation between positive employee and customer experiences offers a chance to improve the odds for digital transformation success. The post Digital Banking Transformation Requires Employee Engagement appeared first on The Financial Brand.

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Delivery Apps In Mexico Cut Fees In Reaction To Restaurant Struggles

PYMNTS

Uber Eats and Rappi are dropping the fees they charge restaurants to deliver meals in Mexico in response to pleas from food industry trade groups on behalf of members facing new financial pressures brought on by government-mandated full or partial lockdowns implemented in response to the pandemic, Reuters reported. An industry group called CANIRAC stated that its members had been paying delivery services about 30 percent of the price of meal, Reuters reported, and issued a statement that read in

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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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Personalized Video Can Boost Engagement and ROI in Banking

The Financial Brand

Rich media, like personalized videos, are the key to increased sales, engagement, onboarding success, retention and CX in banking. The post Personalized Video Can Boost Engagement and ROI in Banking appeared first on The Financial Brand.

Video 39
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Bitcoin Daily: Crypto-Related Crime Fell To $10 Billion In 2020; Singapore Exchange, Temasek Team On Digital Asset Market Infrastructure

PYMNTS

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. In 2019, criminal activity constituted 2.1 percent of all crypto transaction volume, which came out to $21.4 billion in transfers. But that number dropped to 0.34 percent, or $10 billion, by 2020, the report says. One of the reasons for the shift was that overall economic activity almost tripled between those two years, the blog says.

Bitcoin 234
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Closing Customer Accounts for Violating Mask Mandate: Fair or Foul?

The Financial Brand

Two big banks warn customers they will shut accounts to protect staff and other customers as coronavirus tensions mount during new lockdowns. The post Closing Customer Accounts for Violating Mask Mandate: Fair or Foul? appeared first on The Financial Brand.

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Suppliers Struggle To Keep Up With Manufacturing Snap Back

PYMNTS

With the U.S. economy recovering faster than usual, U.S. suppliers are struggling to keep up, a report from Fox Business says. Supply disruptions and higher material costs for items in high demand are causing a build-up of problems, the report says. The prices for things like steel, aluminum and lumber have risen in concurrence with higher order volumes, and commodity supply chains have become inundated with mass order quantities.

Industry 207
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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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Don’t Sweat Amazon and Other Big Techs: Steal Their Best Ideas Instead

The Financial Brand

New financial entrants have fresh ways of looking at banking and business in general that traditional banks and credit unions can learn from. The post Don’t Sweat Amazon and Other Big Techs: Steal Their Best Ideas Instead appeared first on The Financial Brand.

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Arrests Made For Organizing Wirecard’s Marsalek’s Escape

PYMNTS

Two Austrian men have been arrested in Vienna for allegedly helping rogue Wirecard exec Jan Marsalek escape arrest after the payment company's downfall last year, The Financial Times (FT) reports. The two men were a former senior official with the Austrian secret service and a former right-wing MP. Both of them are accused of organized Marsalek's escape to Belarus last summer.

Report 202
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Rustic Deco Debuts B2B Wholesale Furniture Site

PYMNTS

Rustic Deco has rolled out its new B2B wholesale furniture website, according to a press release. The site, at rusticdecob2b.com , will provide a company overview, registration instructions and wholesale portal access. It will give users access to Rustic Deco's lineup of wholesale-priced products, such as the company's line of vintage industrial furniture and decor, the release stated.

Taxes 190
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SAP Hong Kong, Deloitte Team On X-Border Trade Tool

PYMNTS

Software giant SAP Hong Kong and consulting powerhouse Deloitte have partnered on an offering they say provides substantial benefits to businesses engaged in cross-border trade, according to a press release. SAP Global Trade Services — or GTS — "help enterprises navigate a more complex and turbulent trade environment," the companies stated in the release.

Tools 181
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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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Cygnet Infotech Updates FACE Accounting Platform

PYMNTS

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The update to the FACE offering comes 19 months after the offering debuted, the report stated. Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes.

Taxes 178
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Report: Payoneer Could Go Public By Merging With SPAC

PYMNTS

Digital payments company Payoneer is in talks to go public via a business combination with special purpose acquisition company (SPAC) FTAC Olympus Acquisition Corp., Bloomberg reported. The blank-check company has started discussions to bring in new investment to help with a deal that could value the merged firm at over $2.5 billion, Bloomberg reported, citing an unnamed source.

Report 314
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Israel Shuts Down Air Travel To Slow Virus Spread

PYMNTS

Israel on Sunday (Jan. 24) ordered an end to all passenger flights to and from the country beginning Monday (Jan. 25), Israel time, and continuing through the end of the month, in a bid to slow the arrival of new mutations of COVID-19, according to a joint press release from the Prime Minister's Office , the Ministry of Health and the Ministry of Transport and Road Safety.