Bank Innovation
JULY 10, 2017
Stripe’s recent entry into Chinese payments opens up a vast market to the payments processor, but more notably, it allows Chinese payment giants WeChat Pay and Alipay to keep dominating that market — and gain entry into markets outside China. Stripe will now allow global support for both of the most popular digital payment methods […].
Chris Skinner
JULY 10, 2017
I’ve pretty much been travelling the world on business non-stop for thirty years, and something has fundamentally changed during that period. Obviously, the internet and mobile and global connectivity, but also the homogeneity of globalisation. I remember flying into Singapore’s brand spanking new Changi Airport in 1987 and my disappointment at being greeted by McDonald’s.
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Bank Innovation
JULY 10, 2017
Speed is one of the key factors for global consumers when it comes to transactions, but as it turns out, the majority of consumers in the United Kingdom will take a secure transaction over a speedy one. Only 2% of U.K. consumers value a faster transaction over its safety, according to the Consumer Trust and […].
PYMNTS
JULY 10, 2017
In eCommerce news: The tug-of-war game just got a bit tighter, and Amazon may be in the crosshairs. Walmart’s Jet.com is helping to push the envelope with its new “ try before you buy ” approach. Approximately 300,000 online product samplings and exclusive offers will be included in monthly eCommerce packages. Through this new promotional effort, Jet.com is hoping to enhance its customer engagement process and is likely to continue to increase its status as a tier one eCommerce company.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Chris Skinner
JULY 10, 2017
Things we’re reading today include … Bank stocks are about to face another major challenge IBM, Westpac and More Trial Blockchain for Bank Guarantees A bank replaced a fax machine with blockchain. Was it worth it? London climbs two places to become world’s third best city in which to conduct business UK financial services groups hit by steady rise in data thefts One billion new pound coins have been minted Bank of England warns lenders against risky accounting that bends rules
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Let's Talk Payments
JULY 10, 2017
Europe and the FinTech Adventure: The Austrian Case As the FinTech industry keeps growing, it is fundamental to know where to find the best conditions to start and effectively run.
PYMNTS
JULY 10, 2017
Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. That’s not so easy, even for the largest banks, says Steve Clarke, sales director for PayPort , the gateway service run by Vocalink to help financial institutions link into Faster Payments.
Payments Source
JULY 10, 2017
Prepaid payroll companies are delivering new functionality and processes that enhance cardholder experience, writes Tal Clark, senior vice president and head of Money Network at First Data.
PYMNTS
JULY 10, 2017
The tug-of-war between Amazon and Walmart wages on in eCommerce news this week. As rumors start to spread of Amazon’s alleged blocking of other bidders in its Whole Foods acquisition deal, the eCommerce giant is ramping up on its Prime Membership numbers and sales. Meanwhile, Walmart’s Jet.com shared news of its new partnership with BrandShare to help provide samples in its monthly eCommerce customer packages.
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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
Let's Talk Payments
JULY 10, 2017
The Middle East and North Africa host 39% of the world’s displaced people, accounting for over 65 million refugees That’s over 65 million people creating camps in foreign countries, which.
PYMNTS
JULY 10, 2017
Corporate travel is a necessity for companies seeking to expand their top lines and bottom lines and customer bases. It’s also a hotbed of inefficiency — as employees who have to travel feel that part of the trade-off for doing so is being comfortable while on the road — and racks up the dollars along the way, dimming profits. In the latest Topic TBD, Dan Ruch, founder and CEO of Rocketrip tells Karen Webster that the key to saving corporate dollars comes down to finding out, illuminating and us
Payments Source
JULY 10, 2017
Amazon's third annual Prime Day will likely share the immense success of its two first years, but Amazon's goal with this invented holiday isn't just about driving sales.
PYMNTS
JULY 10, 2017
The countdown to Amazon’s annual Prime Day is down to hours, not days, and the excitement just keeps building as the eCommerce giant releases more information about the deals that will be available. Meanwhile, at Amazon’s Seattle headquarters , the imminent event has caused two floors of conference rooms to be transformed into “war rooms” to accommodate the anticipated crush of activity.
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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
Bobsguide
JULY 10, 2017
Patrick Tans, Senior General Manager, Banking Products, at KBC Bank was a panellist at The European Payment Summit 2017, and stated that banks were facing the biggest upheaval to their industry for over 600 years. But how does the industry feel about the shift in regulation? We spoke to senior.
PYMNTS
JULY 10, 2017
How is U.S. employment stacking up? It depends on who you ask. The U.S. Labor Department announced Friday (July 7) that the country added 222,000 jobs in June, far surpassing Wall Street estimates of 175,000. But data from ADP and Moody’s Analytics found 158,000 jobs added in June, missing earlier expectations of 185,000 added jobs. How many of those jobs were added at small businesses?
Payments Source
JULY 10, 2017
Though recreational pot is legal in a number of U.S. states, big banks don’t want to work with cannabis sellers. And that is unlikely to change anytime soon.
PYMNTS
JULY 10, 2017
Over the past few years, retail coffee chain Starbucks has implemented a mobile order-ahead option to expedite service and improve consumer engagement. The goal was to make the ordering process easier, but a new survey has revealed it is not quite working out as intended. Understaffing is a major issue that has been plaguing Starbucks for some time, and Kevin Johnson, Starbuck’s new CEO, opted to survey the company’s workers on Coworker.org to get to the root of the problem.
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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.
FICO
JULY 10, 2017
FICO regularly tracks the national FICO Score distribution as an important gauge of US consumer credit behavior. When I last blogged about this topic based on data from April 2016, the key takeaway was “the beat goes on.” US consumers continued to show improvement in managing their debts, which began shortly after the bottoming out of the economy in 2009-2010.
PYMNTS
JULY 10, 2017
B2B payments startup PayStand announced new funding last week, but the investment is notable for more than one reason. Reports Friday (July 7) said PayStand was one of two startups that attracted financing from LEAP Global Partners’ first early stage venture capital fund, LEAP Partners I. The fund was launched to back Latin American entrepreneurs and, according to the fund, is the first in the U.S. operating as a cross-border investor with such a focus. ”We are excited to launch a first-of-its-k
Payments Source
JULY 10, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Stripe makes a deal with WeChat and Alipay; The Hague adopts mobile transit; B&B Theaters suffer a breach; PSD2 gets payment insurance rules.
PYMNTS
JULY 10, 2017
Buying a kitchen gadget from Ron Popeil or a new knife set from Chef Tony has long been relegated to the confines of infomercials and television channel networks like QVC and HSN. From the kitchen to the backyard or bedroom, consumers have bought directly from TVs for years before the Internet went mainstream, and nearly every consumer had a computer or mobile device in their home or pocket.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Payments Source
JULY 10, 2017
Much like the consumer retail acquisition market, business payment companies are expanding the appeal of transaction automation by tying it to international growth and value-added merchant services.
PYMNTS
JULY 10, 2017
Contrary to what “People of Walmart” would have you believe, the big-box retailer isn’t just for one demographic of shoppers, and it’s trying to prove that by making a name for itself in the online marketplace world. “It’s a misperception that the Walmart.com shopper is the same as the in-store shopper,” said David Spitz, CEO of ChannelAdvisor, which helps sellers market via marketplaces.
Matt Wilcox Pro
JULY 10, 2017
CERTAIN MARKETING tactics, legal though they may be, can be troublesome. Today’s ambivalence du jour concerns direct voicemail messaging. As its name implies, direct voicemail messaging sends a prerecorded message straight to voicemail. Since phones do not ring and charges for minutes do not rack up, Do Not Call laws don’t apply. Companies that provide [.
PYMNTS
JULY 10, 2017
Purchasing new tools for every home improvement project can become expensive — and amass quite a collection. Rather than buying each tool outright, home improvement suppliers like Home Depot offer the option to rent a wide range of items to help with almost any home improvement project. To expand its robust tool rental offering, Home Depot has acquired its long-time equipment rental and maintenance services partner Compact Power Equipment for $265 million.
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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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