Sun.Nov 08, 2020

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Amazon Rewards Program Offers Its Flex Drivers Perks, Discounts

PYMNTS

Amazon is taking steps to make life a little easier for the many drivers who comprise the Flex force that use their own vehicles to deliver packages. CNBC reported that Amazon quietly launched a program called Flex Rewards last week. "Delivering with Flex just got more rewarding," an Amazon website for drivers proclaimed. Amazon's Flex Rewards program lists incentives, including up to 6 percent cash back on fuel purchases; 2 percent cash back on Amazon.com and Whole Foods Market purchases; 1 per

Retail 300
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Adding a Database Project to.NET MVC Framework Web Application

Perficient

We are going to be continuing from where we left off in the last post. If you are trying to follow along and want to take a look at how I set up the folder structure, click here. Overview. Create a SQL server database project and configure the path to the ’04 – Database’ folder (or whichever folder you have). Make adjustments in Visual Studio accordingly.

Examples 238
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Hundreds Of Probes Into PPP Loan Fraud Have Been Opened

PYMNTS

The federal Paycheck Protection Program (PPP) designed to blunt the economic impact of the pandemic is beset by extensive instances of fraud, The Wall Street Journal (WSJ) reported, attributing the conclusion to public records and interviews with government officials. The program provided about $525 billion to 5.2 million businesses. Banks administered the loans on behalf of the government and were not required to ensure that applicants were telling the truth about their financial situations.

Fraud 271
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Why Banks Are Loosening CRE Underwriting Standards During A Pandemic

South State Correspondent

It may seem counter-intuitive, but many banks are loosening CRE underwriting standards instead of continuing to tighten them. With a new presidential administration, it is likely that we will face more stringent pandemic mitigations in the near future. While this is likely good for public health, it increases the short-term risk for commercial real estate (CRE).

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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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Two Philippine Businesses Under Scrutiny For Potential Wirecard Links

PYMNTS

Authorities in the Philippines are probing a law office and tour operator for potential connections to Wirecard , the payments provider disgraced after a global scandal, and Jan Marsalek , its former chief operating officer who has been on the run for the past several months, according to the Financial Times (FT). Justice Secretary Menardo Guevarra also said on Sunday (Nov. 8) that three immigration officials had been formally charged and suspended for 90 days last month over Marsalek's travel r

Regional 233

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Future Retail To Amazon: Stop Meddling In $3.4B Asset Sale

PYMNTS

Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 billion asset sale deal with Reliance Industries and has challenged the U.S. eCommerce giant in a New Delhi court, Reuters reported. Amazon is currently in a legal dispute with the Indian powerhouse, which recently sold its assets to Mukesh Ambani's Reliance Industries in what Amazon contends is a violation of Future's deal with it earlier this year.

Retail 230
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2020 should end the last vestiges of check business payments

Payments Source

While we can’t know what the post COVID-19 landscape will look like, we do know that business expenses will ramp back up, and with them, higher expectations for digital payments from both suppliers and vendors, says Wex's Jay Dearborn.

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Passenger Airlines Increase Cargo Space To Replace Passengers

PYMNTS

Airlines that for decades augmented international passenger travel businesses with freight operations using space in the bellies of aircraft are trying something new because of the pandemic: cargo-only flights, CNBC reported. United Airlines , Delta Air Lines and American Airlines are among those that have adopted the new tactic. The logic behind the development is straightforward.

Report 228
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‘It’s crazy, but I started my own bank’: the story behind Starling

TheGuardian

Fed up with modern finance and Britain’s broken banking system, Anne Boden decided there was only one thing to do: set up a bank that ran in the way she wanted it to The first time I met Anne Boden was last December at a glitzy awards ceremony where I knew no one, felt out of place and was skulking in the loos. In she bustled – she’s smaller than me (I’m 5ft 1in), older than me (she’s 60), a little eccentric and perhaps the friendliest person in the place.

Maine 81
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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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Disney Launches Subscription Deal For Fortnite Players

PYMNTS

Disney+ is partnering with Epic Games ’ Fortnite on a free two-month subscription for the popular movie streaming service, according to a post on the Epic Games website. Starting Tuesday (Nov. 10) and going through the end of 2020, those who purchase V-Bucks or make other real-money purchases in Fortnite will have access to the deal, the post stated.

Apple 226
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EU bank supports projects linked to human rights violations, NGOs claim

TheGuardian

European Investment Bank accused of failure to properly assess impacts of supported projects in Africa and Asia The EU-funded European Investment Bank has been using taxpayer cash to support infrastructure projects linked to alleged human rights violations, an investigation by NGOs shows. The report – led by campaign groups Counter Balance and the CEE Bankwatch Network – has accused the EIB of a lack of transparency and a failure to properly assess the impact of its funding as it extends its rol

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Expensemanager Teams With Sage Intacct To Automate Expense Management

PYMNTS

Australian cloud expense and software provider expensemanager has partnered with Sage Intacct to offer cloud expertise and invoice management on the latter company's Intacct Marketplace, a press release says. The partnership, which marks expensemanager as the first local Australian partner for Sage Intacct , will allow customers a streamlined integration method.

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Firms fear losing access to top-up loans after lender Tide runs dry

TheGuardian

Exclusive : Almost 100 borrowers may struggle to survive winter unless lender wins new funding The Guardian understands that small firms that successfully received a bounce back loan from non-bank lender Tide are struggling to secure further loans to cope with the second lockdown after the finance company ran out of funds in the summer. Unless Tide can secure fresh private investment or cheap funding for loans that are only available to licensed banks, it will remain closed to new business and t

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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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Countries That Rely On Exports, Manufacturing Faring Better In Pandemic

PYMNTS

Companies that manufacture products are weathering the pandemic more easily than companies that sell services or experiences, The Wall Street Journal reported. WSJ cited International Monetary Fund gross domestic product (GDP) forecasts that show how much different countries' economies rely on the vulnerable service and accommodation sectors. GDP is a broad measure of a countries' economic output.

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gravityAI

BankInovation

During the DEMOvation Challenge, attendees will visit six startups in their virtual booth to view a demo of their new technology. Startups will be judged for a Best in Show Award voted on by attendees. Already subscribed? Log in below. Username Password * Remember Me Forgot Password.

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Lloyds Bank, Demica Team Up For SCF Digital Onboarding

PYMNTS

Lloyds Bank Commercial Banking has partnered with Demica , a working capital FinTech, to roll out a new supply chain finance platform for U.K. businesses and affiliates, a press release says. Called The Open Account Platform, the new service will offer Lloyds Bank customers new tools, including supplier finance and receivables purchase, available for the first time through a lone online portal.

Capital 187
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Biller Genie

BankInovation

During the DEMOvation Challenge, attendees will visit six startups in their virtual booth to view a demo of their new technology. Startups will be judged for a Best in Show Award voted on by attendees. Already subscribed? Log in below. Username Password * Remember Me Forgot Password.

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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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Xendoo Teams With Biller Genie For Automated AR

PYMNTS

FinTech Xendoo , which works in online accounting and bookkeeping solutions, has partnered with Biller Genie on automated accounts receivable (AR) services, a press release says. Biller Genie, based in Miami, works specifically with automating AR; it will integrate with Xendoo and let businesses access a simpler way to collect, process and easily reconcile payments in its accounting software, the release says.

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Troc Circle

BankInovation

During the DEMOvation Challenge, attendees will visit six startups in their virtual booth to view a demo of their new technology. Startups will be judged for a Best in Show Award voted on by attendees. Already subscribed? Log in below. Username Password * Remember Me Forgot Password.

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Bitcoin Daily: Crypto Investors See Fed's Call For Stimulus As Reason To Buy Bitcoin; Fraud Loss Prompts Crypto Lender Cred To File Chapter 11

PYMNTS

Dubai International Finance Centre ( DIFC ) has announced that Ripple has set up its new headquarters in the Centre, a press release says. According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future.

Bitcoin 155
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Swipesum

BankInovation

During the DEMOvation Challenge, attendees will visit six startups in their virtual booth to view a demo of their new technology. Startups will be judged for a Best in Show Award voted on by attendees. Already subscribed? Log in below. Username Password * Remember Me Forgot Password.

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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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McDonald's, Starbucks And Other QSRs Say Dining Rooms Follow Safety Standards As COVID Cases Rise

PYMNTS

Major restaurant chains, including McDonald's , Starbucks and others, are looking for ways to keep dining rooms open — even as health authorities caution that other ways of buying restaurant meals remain safer, The Wall Street Journal (WSJ) reported. Restaurant executives are optimistic they can make indoor dining work in a number of situations because eateries have honed protocols for maintaining environments that conform with regulations designed to counter COVID-19.

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Payrecs

BankInovation

During the DEMOvation Challenge, attendees will visit six startups in their virtual booth to view a demo of their new technology. Startups will be judged for a Best in Show Award voted on by attendees. Already subscribed? Log in below. Username Password * Remember Me Forgot Password.

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The Qualities of a Digital Banking Champion

The Financial Brand

In uncertain times, the commitment to being a digital banking champion is more important than ever, providing financial growth and resilience. The post The Qualities of a Digital Banking Champion appeared first on The Financial Brand.

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Quarule

BankInovation

During the DEMOvation Challenge, attendees will visit six startups in their virtual booth to view a demo of their new technology. Startups will be judged for a Best in Show Award voted on by attendees. Already subscribed? Log in below. Username Password * Remember Me Forgot Password.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.