Payments Dive

OCTOBER 11, 2018

It's time for a look back at last month's most-read content on the site.

Mobile 337

Mobile Payments 337

Chris Skinner

OCTOBER 11, 2018

There’s more and more dialogue about a no-deal Brexit these days, even though Jean-Claude Junker and Michel Barnier are clearly trying to avoid it as they have said a deal is now 85% agreed. It’s just not the Chequers deal. Whether a deal is agreed or not with the EU, … The post Do we really believe financial markets would continue smoothly with a no-deal #Brexit?

Marketing 212

Marketing 212

Payments Dive

OCTOBER 11, 2018

Infomedia attended the Phone-paid Services Authority Autumn Forum with CEO, Michael Tomlins, forming part of the discussion panel focused on improving consumer confidence in the Direct Carrier Billing (DCB) payments industry.

Industry 199

Industry Payments 199

PYMNTS

OCTOBER 11, 2018

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already. In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits.

Apple 203

Apple social media blockchain Security 203

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

Lending

Bank Innovation

OCTOBER 11, 2018

Bank of America is proud of its virtual assistant, Erica, which has 3.5 million users and 11 million transactions within three months of its launch, Michelle Moore, head of digital banking at BofA, said at the BAI Beacon conference in Orlando yesterday. But Erica still has a long way go. "Customers are not comparing Erica to […].

America 170

America Conference Digital Banking Online 170

Chris Skinner

OCTOBER 11, 2018

Things we’re reading today include … JPMorgan profit rises 24.5 percent, helped by higher interest rates Britain’s RBS pays first dividend in decade Goldman Sachs to open first UK office outside London as digital savings bank Marcus takes off Door opens for UBS to take majority ownership of China JV … The post Things worth reading: 12th October 2018 appeared first on Chris Skinner's blog.

165

165

PYMNTS

OCTOBER 11, 2018

Much has been said in recent weeks about Ripple and its digital XRP token, where trading has been nothing but volatile. In just over a week, the price has slipped 20 percent. Beyond that trading, noted Forbes , there has been speculation that banks would embrace Ripple to move money through cross-border conduits. In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX

blockchain 194

blockchain cryptocurrency California Conference 194

Payments Source

OCTOBER 11, 2018

The payment landscape is still very fragmented with local solutions holding their own against global giants and new technologies such as AI and blockchain keeping the payments market very enterprising, writes Eva Murphy Ryan, trade development executive for financial services and technology at Enterprise Ireland New York.

New York 131

New York Payments Fintech blockchain 131

PYMNTS

OCTOBER 11, 2018

It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data considered under ownership of the customers and not the bank, financial institutions are exposing themselves to market competition, security risks and other threats in the name of enhanced customer service and choice.

US 190

US Regulation Data Security 190

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

Report

Insights on Business

OCTOBER 11, 2018

In today’s banking landscape, there’s a growing trend by clients to move their applications to the cloud, including their core banking applications. This movement — core to cloud — is essential for banks seeking to modernize their legacy systems and become agile and flexible. This is especially true if they’re going to compete with new digital banks and platform companies that are unhindered by the legacy applications and infrastructure.

Meeting 111

Meeting Customer Experience System Guidelines 111

PYMNTS

OCTOBER 11, 2018

Earthport , a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. In a press release , Earthport said that BNP Paribas Fortis, a subsidiary of BNP Paribas and Belgium ’ s largest bank, with annual revenues of €43 billion, will be the first to deploy the services.

Payments 189

Payments Compliance Regional Regulation 189

Bobsguide

OCTOBER 11, 2018

As new challenger bank N26 comes to the UK market, the question of how far the challenger banks can go to dominating a customer’s financial life is being asked all the more frequently. When prompted on whether N26 would look to become the app for everything, Alex Weber, N26’s head of.

Marketing 107

Marketing 107

PYMNTS

OCTOBER 11, 2018

CipherTrace noted in a report that digital currency theft has nearly topped $1 billion over the first three quarters of the year at $927 million, Reuters reported. By contrast, crypto thefts from exchanges only reached $266 million for all of last year. The firm also indicated that smaller thefts between $20 million and $60 million were growing, and reached $173 million for the third quarter.

Bitcoin 182

Bitcoin cryptocurrency Regulation blockchain 182

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.

Lending

Bobsguide

OCTOBER 11, 2018

Since Adobe acquired the commerce platform, Magento has moved further into the e-commerce market with its newly announced payment and risk management solution. “We were looking for a partner within e-commerce,” said Shantanu Narayen, CEO of Adobe on centre stage at MagentoLive.

Data 88

Data Risk Management Payments Management 88

PYMNTS

OCTOBER 11, 2018

Snapchat , according to recent reports , is having cash flow troubles. The app that got famous for its disappearing messages is looking like it will either need to raise a some capital by sometime in 2019 or run the risk of going broke, according to a note by MoffettNathanson. “While it is obvious that Snap wasn’t prepared for life as a public company, it now has a more pressing problem.

Apple 181

Apple social media Millennials Report 181

Payments Source

OCTOBER 11, 2018

To remain competitive, retailers must always have one eye on the future. Mobile wallets offer a strategic platform for retailers to harness and promote emerging payment models, writes Julian Wallis, retail director at Rambus.

Mobile 85

Mobile Cards Retail Payments 85

PYMNTS

OCTOBER 11, 2018

American Express is introducing a new solution to accelerate B2B payments to suppliers. In an announcement Thursday (Oct. 11), American Express said it is launching Early Pay, a combination of supply chain finance and early payment discount capabilities. Designed for large U.S. companies procuring from U.S.-based suppliers, Early Pay links vendors to an online platform to have their invoices paid before their due dates for an early payment discount.

Payments 179

Payments Company Online Management 179

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.

US

Insights on Business

OCTOBER 11, 2018

Traditional banks are being reinvented. They’re aiming to be wherever their customers are and offer seamless contextual experiences. Unsurprisingly, transaction and payment services are one of the biggest disruption areas in banking. And while we don’t know what’s next, we know it’ll come at us quickly. In a blink of an eye, banks will have to manage the security of transactions coming from any imaginable channel.

Payments 79

Payments Fraud Cards Data 79

PYMNTS

OCTOBER 11, 2018

Cyberattacks on banks have become seemingly inevitable, with banks and financial institutions (FIs) at risk of losing as much as $100 billion to online fraud every year. FIs hoping to win the fight against fraud are increasingly embracing new tools and technologies like machine learning (ML) and artificial intelligence (AI). However, preventing cyberattacks from impacting an FI is only half the battle.

Security 173

Security Trends CA Apple 173

Payments Source

OCTOBER 11, 2018

Worldpay is combining the Worldpay Bankout solution, which will now deliver to 154 direct bank disbursement destinations, and Worldpay FastAccess enabled by Visa Direct.

Retail 82

Retail Payments 82

PYMNTS

OCTOBER 11, 2018

Europe’s largest banks have landed in the hot seat, thanks to a recent Fortytwo Data report that found 90 percent had been sanctioned for money laundering activities. Now, a new report is shining a spotlight on European banks’ lackluster performance in another area: small business (SMB) services. Banking technology provider Avoka recently released its own survey on SMB bank customers to assess their satisfaction with their current financial service providers.

Digital Banking 172

Digital Banking Survey Online Report 172

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.

Compliance

Payments Source

OCTOBER 11, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: Google Pay finds a way to reach banks in Germany; Western Union goes after larger payments; U.K. bank lobby pushes fraud recovery tax; Mastercard gets another blockchain patent.

Taxes 76

Taxes Google blockchain Fraud 76

PYMNTS

OCTOBER 11, 2018

Speed and convenience have long been top reasons why consumers are drawn to quick-service restaurants (QSRs). Consumers expect fast, efficient service that barely requires them to look up from their smartphones, and the modern QSR needs to innovate accordingly. More consumers are using mobile ordering to get their meals, and many choose where they order from based on the availability of those features.

Innovation 158

Innovation Mobile Online Customer Experience 158

Insights on Business

OCTOBER 11, 2018

IBM OpenPages is again in the Leader’s quadrant of the new 2018 Gartner Magic Quadrant for Integrated Risk Management (IRM). This recognition is the latest in a landmark year for IBM OpenPages. In May 2018, IBM proudly accepted two distinguished RegTech Awards – for “Best AI Solution for Regulatory Compliance” and “Best Regulatory Alert Management Solution”.

Risk Management 70

Risk Management Management Compliance Innovation 70

PYMNTS

OCTOBER 11, 2018

The gig economy is thriving, and workers are taking note: Approximately one-third of the U.S. workforce has participated in it in some way. Gig workers provide rides to the airport, deliver take-out and move heavy furniture, among other tasks. These workers benefit from flexibility in their gigs and can supplant their income through their side hustles, but how do they get paid?

Payments 150

Payments Mobile Tools Cards 150

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.

Lending