Fri.Jan 11, 2019

US Rep Ocasio-Cortez Likely To Win Financial Services Committee Seat

PYMNTS

In a move that could put a lawmaker against Wall Street and even some members of her own party, U.S. Alexandria Ocasio-Cortez (D-NY) is expected to gain a House Financial Services Committee seat.

US 229

Looking ahead: Setting expectations for banking and mobile payments in 2019

Mobile Payments Today

The banking industry is facing multiple challenges in the face of stiff competition from fintech startups and disruptive applications that provide direct access to loans, credit and other critical services

Indonesian Company Bukalapak Will Likely Receive New Funding

PYMNTS

Bukalapak, an online marketplace company from Indonesia, will soon announce a new round of funding, according to reports. Naver Corp. is said to be one of the investors, as well as Ant Financial , which is the finance arm of Alibaba.

Podcast episode 14: Switch CEO discusses automating payment card data

Mobile Payments Today

Host David Jones, discusses automating payment card data, and how it protects cardholders and merchants with Switch CEO, Chris Hopen

Cards 177

Five At Five: Apple’s New Phone Plans

PYMNTS

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes Apple’s latest idea, and a new seller solution head for Visa. Postmates gains fresh capital, Goodwill cracks down on counterfeits and biometric providers go for even bigger funding.

Apple 228

Fewer Deals But More Dollars Flowed from VCs to Fintech Startups in 2018

Bank Innovation

Fewer but larger venture capital deals in 2018 translated into some big payoffs for fintechs. Fintech-related funding jumped 38% to nearly $11 billion in 2018, according to the 4Q18 MoneyTree Report from PwC and CB Insights. Deal activity in the space rose to 627 transactions, up from 571 in 2017.

Postmates Raises $100M As Online Food Delivery Heats Up

PYMNTS

The food delivery space keeps heating up — the latest news is that Postmates has scored a $100 million investment in advance of its initial public offering (IPO), expected with the first six months of 2019.

Online 225

More Trending

HP And PayPal Team Up For New POS Offering

PYMNTS

In a move to target small and medium-sized businesses and hospitality companies, HP has announced it has teamed up with PayPal to release what it calls an “all-in-one” point of sale (POS) unit, with PayPal handling the payment processing and other financial-related services.

3DS 2.0 - A Stepped up approach to Payment Authentication

Mobile Payments Today

3D Secure 2.0, a risk-based approach to authentication, can help issuers mitigate fraud and deliver a fast-lane, frictionless checkout experience to customers

Fraud 140

The Big Voice Showdown In Vegas

PYMNTS

The floor of CES was once again flooded with smart devices, created to make everything from personal grooming to household management to the daily commute a smoother and more seamless experience for consumers through the power of connection.

Google 219

4 Ways to Measure Marketing Campaigns You (Probably) Haven’t Considered

Dataconomy

When we need to measure marketing campaigns, most of us have cracked online campaign tracking – we have a cookie or a user ID that we can use to clearly track user behaviour through to conversions, and develop robust datasets. But out in the offline world, there are powerful channels.

Postmates Notches $100M In Funding

PYMNTS

In a funding round led by funds such as BlackRock, on-demand delivery company Postmates has notched $100 million in investments. Glynn Capital and Tiger Global also led the round, along with other funds, to bring the company’s valuation to $1.85 billion, Forbes reported.

Fearless Forecast: The ATM industry in 2019

ATM Marketplace

Daryl Cornell concedes that his predictions for the ATM industry in 2019 "will likely prove to be off the mark, highly questionable or just plain wrong." And yet, the Triton CEO is ready to prognosticate again this year, "on the off chance that we do manage to land a few correct guesses

ATM 69

Facial Recognition Startup Megvii Mulls $1B Hong Kong IPO

PYMNTS

In a move that could bring in as much as $1 billion in funding, facial recognition firm Megvii is reportedly mulling an initial public offering (IPO). Sources, however, said that the idea is still in its beginning stages and the plan is not set in stone, Deal Street Asia reported.

Groups 211

This Week In AI: Advanced Driver Monitoring Systems, AI For Weapon Detection, Hosh The Autonomous Robot

CB Insights

Hi there, Here’s what went down in artificial intelligence this week. Want the full post? Become a CB Insights customer. If you’re already a customer, login here.

Chinese Smartphone Giant Xiaomi To Invest $1.5B In AI

PYMNTS

In the midst of an economically uncertain time in China stemming from the trade war with the U.S. Xiaomi said it will invest at least 10 billion yuan ($1.5 billion) in artificial intelligence and Internet of Things (IoT) smart devices over the next five years.

Longer SFTR scrutiny period to give banks breathing space

Bobs Guide

Any extension to the scrutiny period for the Securities Financing Transactions Regulation (SFTR) comes as a blessing as “there is still so much” for banks to do. "Some banks will find it difficult to retain their resources [during a delay]. After enough time they get moved on to

SEC Accepts 287 Form D Filings Related To ICOs

PYMNTS

Fundraisings accepted by the U.S. Securities and Exchange Commission (SEC) that were related to initial coin offerings (ICO) soared in 2018: According to a Marketwatch analysis, the agency accepted 287 of them last year with stated value of $8.7

Square’s leadership exodus continues as payments chief leaves for Visa

Payments Source

Square just found a replacement for high-profile CFO Sarah Friar but is facing another big hole in its leadership team as head of payments Mary Kay Bowman leaves for Visa. Mobile point-of-sale Alternative acquirers Square Visa

Regulators Ask Banks To Go Easy On Govt. Workers During Shutdown

PYMNTS

As Friday (Jan. 11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. banking regulators asked lenders to help workers who couldn’t pay their bills or needed credit in the meantime, according to a report from Reuters.

Banks, credit unions help federal workers weather shutdown

BankThink

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies. Law and regulation Consumer banking Consumer lending Small business lending Ag lending Community banking Regional banks U.S. Bancorp Citigroup Huntington National Bank American Bankers Association

In India, Banks Shy Away From Crypto Use

PYMNTS

The crypto landscape in India, at least when it comes to banking, may be a bit less indecisive. Turns out the private sector seems to be taking at least some measures into its own hands.

5 key questions about alternative data

Bobs Guide

Alternative data has quickly become the hot new area in data science. As the world is becoming more transparent and digital, the number of virtual footprints increases, as does the availability of data. Satellite imagery, social media posts, geolocation tracking – they all make for new

Will Google And The Digital Economy Be Tied To EU’s ‘Right To Be Forgotten’?

PYMNTS

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions.

Google 185

Why can’t I use Apple Pay for everything online?

Tomorrow's Transactions

(more…) (more…). Identification and Authentication Mobile money Mobile Payments Money Payment systems Payments

Apple 48

Mobileye Plans To Have A Fully Autonomous Car In Four Years

PYMNTS

During a presentation at CES in Las Vegas, Mobileye , an autonomous car development company acquired by Intel for $15.3 billion in March of 2017, announced a partnership with U.K. national mapping agency Ordnance Survey.

6 ways robots are replacing cashiers and couriers

Payments Source

Self-checkout was only the beginning. In today's high-tech, mobile-driven world, there's a heightened demand for making purchases quickly and seamlessly. And it's a demand that no human could possibly meet. Mobile wallets Internet of things Retailers

Facebook Opens New Boston Office

PYMNTS

Facebook , which is headquartered in Menlo Park, California, opened a new office this week in Boston. The social media company invited some journalists along for a tour of the facilities, giving them a rare inside look at one of the world’s biggest companies and how it treats employees.

Boston 178

3DS 2.0 - A Stepped up approach to Payment Authentication

ATM Marketplace

3D Secure 2.0, a risk-based approach to authentication, can help issuers mitigate fraud and deliver a fast-lane, frictionless checkout experience to customers

Fraud 47

Slack Might Forego Traditional IPO Process

PYMNTS

Slack Technologies, a popular workplace messaging app, is said to be considering going public through a direct listing, as opposed to a traditional IPO.

Ocasio-Cortez’s disruptive spotlight could soon be turned on bankers

BankThink

The freshman congresswoman will likely join the Financial Services Committee, where she could use her populist momentum to bring criticisms of the country's biggest banks even further into the mainstream. Bankshot Election 2018 Policymaking Glass-Steagall TBTF House Financial Services Committee

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Visa Taps New Head Of Seller Solutions

PYMNTS

To head up Visa ’s strategy for acceptance products and solutions, Mary Kay Bowman is coming to the firm as its new head of seller solutions.

Terra launches blockchain payment system in Mongolia

The Paypers

(The Paypers) Terra has announced a partnership with Mongolia’s capital city of Ulaanbaatar to offer its blockchain technology for a new payment system

West Elm Unveils ‘Water Street’ Brand

PYMNTS

To offer customers stylish and modern bath and body products, West Elm unveiled a new brand dubbed Water Street. The offering includes towels, hardware, lighting and vanity collections “that help our customers elevate the everyday,” the retailer said in a press release.

UNICEF lists DAI stablecoin to its payment system

The Paypers

(The Paypers) Since 2018, UNICEF has been promoting the use of blockchain technology for donations acceptance, currently admitting DAI platform to its system

Will Google and the Digital Economy Be Tied to the EU’s ‘Right to Be Forgotten’?

PYMNTS

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions.

Google 108

Wirecard enables digital payments for Qixxit

The Paypers

(The Paypers) Wirecard has announced it is enabling digital payments for the Qixxit mobility platform, driving the digitalisation of the travel industry