Tue.Apr 07, 2020

Demand for real-time payments rises amid COVID-19 pressure

Mobile Payments Today

The economic fallout of COVID-19 has increased demand for real-time payments by small business and consumers as revenue sources begin to dry up and consumers and businesses face deadlines for bill payment and essential goods

What happened to capitalism?

Chris Skinner

I’ve spent my life in an economy that focuses upon money, greed, growth and profit … what was that all about? We are suddenly living in a world where everyone is being told to stay home and do nothing … and get paid for it. Well, if you’re in a … The post What happened to capitalism?

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Pay By Text

Mobile Payments Today

Get Paid Faster with Pay by Text Payments

Better.com profits from low interest rates and recent layoffs

Bank Innovation

Laid-off hospitality workers can start new careers as loan officers with Better.com. The digital mortgage lender plans to hire 1,000 new employees this year and is targeting hospitality workers who have lost their jobs due to the COVID-19 crisis.? To Better.com, hospitality workers will make good loan officers because they are calm under pressure and […]. Carousel Innovation Strategy Lending Premium Better.com Coronavirus

Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Preparing For The Unknown With Artificial Intelligence And Machine Learning

PYMNTS

“We cannot outright predict a pandemic any more than we can predict a data breach or an account takeover,” DataVisor CEO and Co-Founder Yinglian Xie recently told PYMNTS.

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More Trending

eCommerce Numbers Spike Across Categories

PYMNTS

As March sales and earnings reports start to show up this week, new data indicate that eCommerce sales for essential and nonessential retail will show a dramatic spike. The increase is logical, given the shelter-in-place orders aligned with COVID-19.

SoFi acquires Galileo for $1.2B to broaden reach 

Bank Innovation

In a year of major fintech acquisitions, SoFi today announced a $1.2 billion deal to acquire Galileo, a financial services API and payments platform that powers big names like Chime and Robinhood. Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […]. Carousel Innovation Strategy Investing Lending Payments Premium Wealth Management Chime Galileo Robinhood SoFi

Healthy Snack Company Rewrites Its Wellness Story

PYMNTS

When the chapter is finally written on business during the COVID-19 crisis, there will be stories of the companies that simply fell victim to the virus through no fault of their own. Then there will be the companies that saw chaos and brought order, and made the best of a disaster.

Creating Consumer Centric and Compliant Payment Solutions in the Text Channel

Mobile Payments Today

This White Paper helps navigate the regulatory environment to offer text solutions

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Leveraging Open Banking To Build The New Trust Ecosystem

PYMNTS

Everyone wants to build a smoother, faster and more efficient financial services journey — that isn’t a point of disagreement or friction.

Maintain Business Continuity with Digital Payment SolutionsFor

Mobile Payments Today

Does your business have an effective business continuity plan to deal with a crisis

Podium Lands $125M To Expand Contactless Payments Over Messaging

PYMNTS

Customer messaging and relationship startup Podium has notched $125 million in a Series C funding round led by YC Continuity, the company announced on Tuesday (April 7). Other investors included Sapphire Ventures, Alkeon Capital, Recruit Co., IVP, Accel, Summit Partners and GV. Podium has raised $92.6

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An Overview of a Fully Integrated Payment Solution from a Mission Oriented, Value Driven Payment Processor

Mobile Payments Today

Simplify how you bill and collect payments. Any method, anytime, anywhere

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Bottomline CEO: How FinTech Gets Creative To Extend Coronavirus Relief

PYMNTS

It’s all hands on deck as companies across industries take measures to aid the national and global response to the coronavirus pandemic.

How the digital dollar proposed for coronavirus recovery could transform identity

Payments Source

The coronavirus has accelerated a move toward a public option for digital wallets that would tie government authentication to payment transactions. If successful, this could be the catalyst for a national digital identity system. Federal Reserve Digital payments Coronavirus Financial inclusion

Mastercard Pledges $250M In Help For Small Businesses

PYMNTS

Recognizing that Main Street is being hard hit by the coronavirus pandemic, Mastercard committed $250 million over the next five years to support small- to medium-sized businesses (SMBs), according to a press release.

Digital dragon: Navigating Asia’s digital banking market

Accenture

Across Asia, a revolution in payments, banking, e-commerce and services is underway. Underpinned by mobile, digital and open data, established brands and new entrants alike are redefining banking for customers who will seldom set foot in a physical branch.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Funding Options Strikes Open Banking Deal With 20 Alt Lenders

PYMNTS

Through small business finance broker Funding Options, around 20 alternative lenders will now have the power to receive open banking data directly to begin making loans, AltFi reported Tuesday (April 7).

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SoFi to buy payments firm Galileo for $1.2 billion

Payments Source

The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking. Fintech Payments M&A SoFi

Visa, Billhop Team Up To Enable Card Supplier Payments

PYMNTS

To let companies make payments to their suppliers via card, whether or not the supplier takes card payments, Billhop has rolled out a tie-up with Visa in Ireland. Visa cardholders have a “preferential rate” as part of the arrangement, according to reports.

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Interview with Alan Scott about how Stablecoins will change our world.

Daily Fintech

Stablecoins is a big wave of change in in Fintech. So I was delighted when Alan Scott agreed to speak to me about how Stablecoins will change our world. Alan Scott is currently Managing Director EMEA at 24 Exchange.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

BEC Tops Fraud Attempts Against Treasurers: Survey

PYMNTS

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement.

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Q4 2019: US credit card issuer snapshot

Accenture

Key themes Receivables growth of 4% YoY in Q4, slightly above the 3.5% YoY growth in Q3. Purchase volume YoY growth of 7% in Q4 is lower in comparison to Q3 YoY growth by ~100 bps, and lower than Q4 2018 YoY growth by ~130 bps. Chase and Capital One continued to lead YoY purchase…. The post Q4 2019: US credit card issuer snapshot appeared first on Accenture Banking Blog. Payments Credit Card Issuer Snapshot Credit Cards Payments Navigator

Rebounding From SBA’s Bumpy PPP Roll Out

PYMNTS

You could say that Friday’s (April 3) rollout of the $350 billion small business relief Paycheck Protection Program (PPP), part of the $2 trillion CARES Act stimulus package, went less than smoothly when it started.

How fintech can save small businesses on the brink

Payments Source

Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says. SBA Fintech Federal Reserve Commercial lending Coronavirus Small business lending Commercial banking Small business

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.