Payments Dive
FEBRUARY 4, 2020
In an interview with Retail Customer Experience, Elastic Path Chief Strategy Officer Darin Archer details the importance of deploying flexible e-commerce systems.
Chris Skinner
FEBRUARY 4, 2020
I was going to give up writing anything further on Brexit as it’s now done and dusted. Britain’s out of Europe. There was no major celebration however. I was in London last Friday night, and this is what I saw out of my hotel window as we exited. EU Day … The post #Brexit is done, but the deal-making isn’t … and finance is at the heart of it appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
FEBRUARY 4, 2020
As digital challenger banks expand their product suites, large players like HSBC are quickly evolving their digital offerings to attract and retain customers. The bank recently rolled out a digital personal loan product, a high-yield savings account and Treasury APIs to speed up payments for business clients. Later this year, the bank will launch a robo-adviser and new domestic and cross-border payments products, […].
Chris Skinner
FEBRUARY 4, 2020
Things we’re reading today include … City banker suspended for ‘stealing food from canteen’ Jeffrey Epstein’s Mystery Bank Came Alive After His Death Is modern banking too complex for challenger banks? China May Ease Shadow-Bank Crackdown to Bolster Slowing Economy N26 is building a better bank EY hit with €95m … The post Things worth reading: 5th February 2020 appeared first on Chris Skinner's blog.
Advertisement
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
Bank Innovation
FEBRUARY 4, 2020
U.K.-based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S., the companies confirmed late last month. Through the WorldPay Working Capital Solution, Liberis and Worldpay are able to reach small businesses that may find it difficult to get credit from […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 4, 2020
A quick survey of the most recent edition of the PYMNTS Buy Now, Pay Later Tracker indicates that a genuine sea of change is rising when it comes to how merchants want to interact with their customers, and how consumers want to manage their transactions. And it is something that one can observe all over the world in a variety of forms — the 30 percent of Australian consumers that have already signed on for Buy Now, Pay Later accounts; or in the increasing share of millennials and Gen Z who rep
Payments Source
FEBRUARY 4, 2020
Since the Payment Card Industry Data Security Standard was introduced in 2004, many merchants found compliance to be too arduous or costly and just skipped it, risking fines. But increasingly, other regulations like GDPR are changing the PCI DSS compliance equation.
PYMNTS
FEBRUARY 4, 2020
Visa is proposing to change its interchange rates — commonly known as swipe fees — in ways that would vary according to transactions and merchant classification. The changes, reported by Bloomberg, outlined in a document sent by the payments giant to banks, would be the most sweeping structural change in a decade. The rates refer to the rates that merchants based in the U.S. pay to accept Visa cards.
Payments Source
FEBRUARY 4, 2020
A view on whether or not each job can be done remotely is part of a holistic view as to how Payrailz is trying to grow its workforce. Currently, about two-thirds of the staff works remotely.
Advertisement
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
PYMNTS
FEBRUARY 4, 2020
Consumer spending hit a record $880 billion in Q4 2019, thanks to online sales making up 15 percent of total expenditure — higher than ever recorded — and smooth eCommerce checkouts. Retailers that sell products and services online have been slowly, but steadily, removing payment frictions from their online checkout processes for the past year, smoothing those processes and improving user experience to boost conversion rates.
Payments Source
FEBRUARY 4, 2020
Companies that scored highest in this year’s Best Fintechs to Work For ranking go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.
PYMNTS
FEBRUARY 4, 2020
Alternative lending firm Kabbage is introducing a new loan product that offers customized cash flow solutions to small and medium-sized businesses (SMBs), the payments startup announced on Tuesday (Feb. 4). The new loan product for Kabbage Payments customers aims to give U.S. small businesses more control over short-term funding needs. The move, which integrates Kabbage Funding with Kabbage Payments, is among the numerous upcoming products that Kabbage is planning as part of its expansion to dri
Bobsguide
FEBRUARY 4, 2020
Financial services companies based in the EU now have yet another regulation to adhere to: the fifth Anti-Money Laundering Directive (5AMLD) that became law in early January. But how many have taken steps beyond ensuring their new customer onboarding process is set up for compliance with these new.
Advertisement
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.
PYMNTS
FEBRUARY 4, 2020
Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics.
Payments Source
FEBRUARY 4, 2020
The credit union service organization Member Driven Technologies has a laid-back work environment but works hard to translate its internal culture to employees who may be located hundreds of miles from headquarters.
PYMNTS
FEBRUARY 4, 2020
Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. The Staples Connect concept, which will be officially introduced in six Boston area stores on Feb. 5, offers experiences and solutions as well as a place to transact, Chain Store Age reported. Mike Motz, CEO of Staples U.S. Retail, said per the announcement, “We recognize that the way people shop is changing, and with the launch of Staples Connect, we are adapting to fit
American Banker
FEBRUARY 4, 2020
The companies on Arizent’s third annual list of Best Fintechs to Work For share an ability to create personal connections with employees, and offer top-tier benefits like generous sabbaticals, fully-paid insurance, and parental leave on day one.
Advertisement
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.
PYMNTS
FEBRUARY 4, 2020
Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s popularity among general consumers is rapidly rising. These markets’ proposed privacy and banking rules are largely modeled after GDPR and PSD2, so regulators must avoid the stumbling blocks that banks and businesses hit soon after implementation.
Payments Source
FEBRUARY 4, 2020
Of all of the valuable consumer assets that fraudsters like to steal, loyalty or rewards points or cash is becoming a favorite.
PYMNTS
FEBRUARY 4, 2020
Software-as-a-service (SaaS) startup Finix , which sells payments technology to other companies, has raised $35 million in a Series B funding round led by Sequoia Capital, with Activant Capital and Inspired Capital participating as well, according to a report. While Finix announced the investment, it did not disclose a valuation or share any business growth metrics.
ATM Marketplace
FEBRUARY 4, 2020
So, does the decline in the number of ATM withdrawals over the past few years portend a more rapid decline in the use of cash? Short answer — no!
Advertisement
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.
PYMNTS
FEBRUARY 4, 2020
Apparently it’s a bad day when Starboard Value sends you a letter. The activist investor group is well known for impatience and the dramatic demands it makes to the companies it invests in. In fact, Starboard Chairman Jeff Smith was named the “investor CEOs fear most” by Fortune in 2014. The group invests in eBay. And on Feb. 4, eBay got a letter from Starboard amping up its pressure to bring eBay back to its core business by selling its online classified unit.
BankBazaar
FEBRUARY 4, 2020
You know your Credit Score facts but are you aware of some of the misnomers about Credit Score floating around? Let’s take a look. By now you must be aware of the importance of having a good Credit Score. Not only does this three-digit number reveal a lot about your financial health, it also improves your chances of loan approval. When you submit an application for a loan or Credit Card to a bank, your Credit Score is what the bank considers first.
PYMNTS
FEBRUARY 4, 2020
RELX will acquire Arizona-based Emailage for $480 million in the former’s push to establish a footprint in the fraud prevention market, according to Financial Times (FT). Using machine learning, its own data and its network of partner companies that extends all over the world, Emailage can predict fraud with email addresses and online identities.
Payments Source
FEBRUARY 4, 2020
Kabbage Inc. is offering tailored loans to small businesses that have unexpected cash flow needs, hoping to grab a wider share of its clients' relationships.
Advertisement
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.
Expert insights. Personalized for you.
434 
Let's personalize your content