Payments Dive
JUNE 22, 2018
Danny Meyer, Union Square Hospitality Group CEO, recently penned a blog post about why his restaurants will continue to go cashless. But is that really what consumers want?
Bank Innovation
JUNE 22, 2018
For a long time, expensive underwriting kept banks away from small business lending. But not anymore. The most recent example of a bank taking note of this area is KeyBank’s acquisition of Bolstr’s SMB-focused digital lending platform, which it announced this week. Terms of the acquisition were not disclosed. Founded in 2010, Bolstr is a […].
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PYMNTS
JUNE 22, 2018
As BBVA steps up its digital efforts, the bank is merging its Beeva and i4S units to form a company called BBVA Next Technologies. The company’s 1,200 tech workers will focus on areas such as artificial intelligence (AI), the blockchain and cloud computing, according to their press release. “BBVA Next Technologies is a company that specialises in emerging and disruptive technologies, that strives to stay ahead of the curve, looks at the future and aims to recruit the best tech talent,” BB
Bank Innovation
JUNE 22, 2018
PREMIUM – BBVA-backed Azlo has created a way for small business owners and gig economy workers to access the ACH payment network, which banks have traditionally monopolized. And now it will add cross-border payments to its offerings. “Starting next month, we will offer realtime cross-border payments without a fee in Mexico," Brian Hamilton, Azlo's CEO, […].
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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
PYMNTS
JUNE 22, 2018
Sports fans can’t get enough of their favorite players and teams: Their social media accounts oftentimes have hundreds of thousands or millions of followers. But how can teams harness the eCommerce potential of these accounts? They can turn their followers into ticketholders to the next game. There has been much ado about Instagram and shopping in this area: Instagram, the Facebook-owned photo-sharing social network , announced news on June 12 that it is expanding shopping beyond its Feed to I
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 22, 2018
As the U.K.’s construction industry continues to struggle with late supplier payments, a new commercial card product from Barclaycard aims to address some of the cash flow issues among small businesses (SMBs) in the sector. In an email to PYMNTS, Barclaycard announced the rollout of a co-branded commercial card suite for SMBs in the U.K. In collaboration with construction materials supplier Travis Perkins and retailer Toolstation , Barclaycard’s new line of commercial cards targets S
Bobsguide
JUNE 22, 2018
The industry was committed and worked hard to meet the January 3, 2018 deadline for the go-live of Mifid II. It is evident now that market participants need to analyse the potential impact across firms in terms of resources and budget to be compliant ahead of SFTR transaction reporting go-live in.
PYMNTS
JUNE 22, 2018
A day after the U.S. Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about software, Congressional action, marketplace sellers and how consumers would react. Five Supreme Court justices may have settled one of the longstanding issues of online retail, but that does not mean everything has suddenly cleared up.
Payments Source
JUNE 22, 2018
GoFundMe's new team fundraising feature lays the foundation for bigger groups to use the platform for collecting payments — nudging it closer to the tools merchants use to manage business expenses.
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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
PYMNTS
JUNE 22, 2018
Paul McCartney sang: “You never give me your money. You only give me your funny paper.”. The sentiment could apply to royalties — the kind paid on music, published works and intellectual property of any sort. Paper checks abound — paper recordkeeping too. Is it time for smart contracts? For blockchain — for, in essence, a shift from analog to digital, which ensures that art and commerce is paid in a timely manner and that parties know who are, well, party to the actual contracts and are in agree
FICO
JUNE 22, 2018
The possibilities of artificial intelligence are endless. AI helps businesses create tremendous efficiencies through automation, while enhancing an organizations ability to make more effective business decisions. However, it’s no surprise that companies are beginning to be held accountable for the outcomes of their AI-based decisions. From the proliferation of fake news to most recently, the deliberate creation of the AI psychopath Norman , we're beginning to understand and experience the potent
PYMNTS
JUNE 22, 2018
Dollar General ’s new mobile app allows shoppers to use their smartphones to scan and pay for items in the store. According to news from Chain Store Age , the discount chain’s DG Go! app allows customers to use their phones to scan items as they shop and check out directly through the app. The app, which was released in May, is available in Apple’s App Store and on Google Play.
Payments Source
JUNE 22, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Cyrptocurrency kiosk lands at Amsterdam airport; Dash crypto adds more merchants; U.K. group lobbies for cryptocurrency regulation; Gig economy fintech adds new payroll tools.
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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.
PYMNTS
JUNE 22, 2018
In an effort to explore artificial intelligence (AI), Britain’s Marks & Spencer Group (M&S) is collaborating with Microsoft. Through their strategic partnership, the companies will experiment with the integration of Microsoft AI technologies into M&S stores, as well as the retailer’s broader operations, retail news source Chain Store Age reported.
Payments Source
JUNE 22, 2018
While Europe is still making sense of an international Visa outage in early June, fintech disruptor TransferWise experienced its own outage that lasted up to 11 hours on Thursday, with website, app and card payments unavailable to the company’s 1 million-plus users.
PYMNTS
JUNE 22, 2018
Four years after bitcoin exchange Mt. Gox collapsed amid the biggest bitcoin theft in history, its former customers may have a chance to recover their lost cryptocurrency. A court in Japan stopped the exchange’s bankruptcy proceedings, potentially allowing at least a billion worth of digital currency to be returned to its rightful owners, Fortune reported.
Payments Source
JUNE 22, 2018
Almost two-thirds of financial institutions have yet to form threat hunting teams — a growing necessity as the number of high-profile attacks rises.
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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
JUNE 22, 2018
Visa and Wirecard are collaborating on a digital fleet card program, the companies revealed in an announcement on Thursday (June 21). Wirecard announced on its website that it is collaborating with Visa to develop a digital, open-looped fleet card program that integrates fleet management, reporting solutions and payment authorization and security. The companies are also including fleet vehicle maintenance, accommodation and food services for customers.
ATM Marketplace
JUNE 22, 2018
Cash may be on its way out, but the trip looks to be slow, tedious and accomplished by fits and starts. In the meantime, more than three-quarters of consumers rate fee-free ATM access as "very important" or "essential" — and they're willing to change banks to get it.
PYMNTS
JUNE 22, 2018
Amazon’s Peter Faricy, the vice president of Amazon Marketplace, the remaining executive in the unit, has seen his role in the company reduced. CNBC , citing an internal document, reported that Faricy, who has worked at Amazon for twelve years, has no one reporting to him except for his assistant — many of the functions overseen by him and his former boss Sebastian Gunningham, who left the company for WeWork, have been shifted to the head of Amazon’s retail group Doug Herrington.
ATM Marketplace
JUNE 22, 2018
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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.
PYMNTS
JUNE 22, 2018
Ride-hailing app Lyft is continuing to target its business travel users through enhancements of expense management support. The company announced on its blog this week that its B2B service, Lyft Business, will be upgraded with more efficient documentation of employee rides using the app. The platform will display several expense codes from within the Lyft platform that riders can choose from to categorize their expenses for easier filing, the company noted.
ATM Marketplace
JUNE 22, 2018
InHand 4G LTE ATM modem/routers are ideal for wireless ATM operations, providing faster speed with lower cost, easy installation, advanced security, always-on reliability.
PYMNTS
JUNE 22, 2018
In the quest to make payments smarter, speeding up transaction times isn’t always enough. Payments must also be made safe from fraud and other cybercrimes. . Increasingly, players from around the financial services space are looking for new ways to fight against fraud and protect payments and their customers’ data from cybercriminals. But that’s often easier said than done. .
The Banker Technology
JUNE 22, 2018
As the hype around blockchain technology ebbs, real-world applications are coming to life, particularly in trade finance. Joy Macknight examines market initiatives, lessons learned and the role that blockchain could play in driving the digitalisation and growth of global trade.
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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.
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