Payments Dive

FEBRUARY 22, 2019

Retailers and others have transitioned physical coupons to the mobile space, as a way to enhance customer loyalty and engagement.

Mobile 371

Mobile Retail 371

Bank Innovation

FEBRUARY 22, 2019

AI is all the buzz in financial services right now, but only a little over one in 10 FIs around the world said they are gaining “significant value” from it, at least according to one recent survey. In a study titled Competing in the Cognitive Age: How companies Will Transform Their Businesses & Drive Value […].

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Report Study Survey Company 264

PYMNTS

FEBRUARY 22, 2019

In a settlement that has been given preliminary approval by a federal court in New York, Visa and Mastercard, along with bank defendants, have agreed to provide roughly $6.24 billion in settlement funds. The funds are subject to a deduction that is said not to exceed $700 million, according to a notice authorized by the U.S. District Court for the Eastern District of New York.

Cards 219

Cards New York Payments 219

Bank Innovation

FEBRUARY 22, 2019

When a money manager that controls $1.1 trillion decides to build a new digital product, the effort deserves attention. But what exactly does Northern Trust Corp. mean when it reveals that it is building a "digital investment advice product," as it disclosed last week? Chicago-based Northern Trust is seeking a "digital investment advice product owner" […].

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Chicago Management Operations Capital 170

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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

Lending

PYMNTS

FEBRUARY 22, 2019

The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce. But, in fact, banks and FinTechs may make for the perfect marriage, as each works to leverage their unique strengths and opportunities. FinTechs, especially younger firms, might have robust technology as well as strong solutions to problems.

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Fintech Regional Compliance Marketing 205

PYMNTS

FEBRUARY 22, 2019

Uber Eats , the food delivery business of Uber, is gearing up to sell its Indian operations to Swiggy , a rival food delivery company in the country. According to a report in The Economic Times citing three people privy to the development, the transaction is expected to close in March and would mark the biggest purchase for Swiggy. It also marks the first sale of Uber’s food business around the world.

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Operations Examples Capital Marketing 169

Payments Source

FEBRUARY 22, 2019

Japan’s Mizuho Bank will unveil a digital currency platform next month with an app enabling customers to pay at participating merchants with the new J-Coin Pay via a QR code.

Groups 122

Groups Retail 122

PYMNTS

FEBRUARY 22, 2019

It was easy for restaurants to get lured into a false sense of security as they watched during the early days of the great digital shift in retail. “Restaurants aren’t Amazon -able,” Olo CEO Noah Glass told Karen Webster, according to the prevailing opinion. Food, particularly prepared food, was too perishable to be “shipped,” and restaurants too hyperlocal to fall prey to the digital disruption that they witnessed in the retail sector.

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Branding Google Retail Online 145

Bobsguide

FEBRUARY 22, 2019

Market participants warn that a known vulnerability in telco operations could prove problematic for banks using one-time passwords (OTP) to authenticate transactions, once PSD2’s SCA deadline rolls around in September. Earlier this month, Metro Bank was hit by fraudsters exploiting the.

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Metro Operations Marketing 102

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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

Report

PYMNTS

FEBRUARY 22, 2019

Amid the regulators looking into its Estonian money laundering scandal, the U.S. Securities and Exchange Commission (SEC) has reportedly initiated an investigation into Danske Bank. The financial firm said it was “co-operating” with the probe by the U.S. agency that has started along with a U.S. Department of Justice investigation, The Financial Times reported.

Operations 138

Operations Report Regulation Security 138

Payments Source

FEBRUARY 22, 2019

Fuel payment options in the trucking industry have long relied on private-label cards from giants like Comdata and WEX, but a new challenger called Gas Pos is hoping to break in by capitalizing on new payments technology and the looming gas-station EMV migration.

Capital 83

Capital Cards Industry Technology 83

PYMNTS

FEBRUARY 22, 2019

Pretty much anything Amazon does impacts so much else — and that truth, one of the longest-standing in the world of commerce and payments, seems ready to play out when it comes to fleets of retail delivery vehicles. Reports have emerged that “megafleets” of Amazon delivery vans and trucks — “megafleets” being a descriptor for the tens of thousands of vehicles owned by certain companies — will be going electric.

Cards 135

Cards Retail Report America 135

Bobsguide

FEBRUARY 22, 2019

Banks and regulators are waking up to the anti-money laundering (AML) and fraud detection potential of artificial intelligence (AI), but attempts by some software vendors to cash in on the AI buzz are “laughable”, according to Marc Andrews, vice president for financial crime at IBM.

Fraud 79

Fraud Software Regulation 79

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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.

Lending

PYMNTS

FEBRUARY 22, 2019

In the quest for ill-gotten gains, fraudsters have a myriad of ways to try to scam unwitting victims, intercepting funds or having them sent to their own accounts. Much has been said in this space about Business Email Compromise ( BEC ) scams, where bad actors frequently pose as corporate officials, directing targeted individuals to send money to different accounts, or they pose as suppliers and present phony invoices to be paid.

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Mississippi Minnesota Fraud Report 135

Payments Source

FEBRUARY 22, 2019

China's rapid urbanization is causing a payments technology gap between the city and country, leading the government to issue a plan to bring digital payments in small towns and rural areas, a move that should also boost volume for Ant and Tencent's payments businesses.

Payments 75

Payments Technology Mobile 75

PYMNTS

FEBRUARY 22, 2019

Mastercard, in an effort to gain entry into the Chinese market, is looking toward a joint venture that may help the card giant get a credit card license in that country. The Wall Street Journal reported on Friday (Feb. 22) that the company plans to team with NetsUnion, which operates as a clearing house for online payments and counts the People’s Bank of China (PBoC) among its stakeholders.

Cards 134

Cards Analysis Online Marketing 134

ATM Marketplace

FEBRUARY 22, 2019

Most criminals are in it for the money, not the challenge, so they'll always pursue the easiest route to a payoff. The best-protected ATMs are those that make a thief's work the hardest — by minimizing attack surfaces and focusing first on the "handoff" points in a system that present the most likely targets for criminal exploits.

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ATM System 80

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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.

US

PYMNTS

FEBRUARY 22, 2019

The Indian parliamentary committee on information technology has asked representatives from Facebook, the messaging app WhatsApp and the photo sharing app Instagram to appear and answer questions about citizens’ rights on social media platforms, according to a report from CNBC. Social media in India is a hotly disputed topic in the country, and false political news and tech firms are being heavily scrutinized before an upcoming general election in May, where Prime Minister Narendra Modi is looki

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social media Policies Video Meeting 123

Payments Source

FEBRUARY 22, 2019

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple partners with Alipay to boost iPhone sales; Form jacking attacks expand; P2P expands in Sri Lanka; California considers expanding breach disclosure law.

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California Apple 71

PYMNTS

FEBRUARY 22, 2019

In a new funding round led by Dragoneer Investment Group and Temasek Holdings, DoorDash notched a $400 million investment at a valuation of $7.1 billion. Existing investors in the food delivery firm — SoftBank Vision Fund, Sequoia Capital and DST Global — also participated, CNBC reported. While the outlet said the news comes amid “impending” initial public offerings (IPOs) by Postmates and Uber , the investment was reportedly not influenced by them.

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Capital Report Groups Company 123

CFPB Monitor

FEBRUARY 22, 2019

Earlier this month, the Conference of State Bank Supervisors (CSBS) filed a brief opposing the OCC’s motion to dismiss [link to blog] the second lawsuit filed by CSBS to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. That brief was accompanied by an “ Alternative Motion for Leave to Conduct Discovery ” filed by CSBS.

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Fintech New York Regulation Conference 68

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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.

Compliance

PYMNTS

FEBRUARY 22, 2019

Consumers are not only using their smartphones to text and talk, but to manage how they use their credit, debit and prepaid cards. Whether it’s keeping tabs on their dependents’ financial spending habits or managing payments from their mobile phones, consumers are turning to these mobile card services (MCS) to manage their day-to-day finances.

Cards 123

Cards Mobile Management Fraud 123

Payments Source

FEBRUARY 22, 2019

Quadriga Fintech Solutions Corp. is in danger of running out of cash to cover the cost of its restructuring unless the Vancouver-based crypto exchange can retrieve money from banks and payments processors, according to the firm overseeing the process.

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Fintech Payments cryptocurrency 67

PYMNTS

FEBRUARY 22, 2019

Lending performance data solutions provider Brismo is integrating its technology into the LendingClub platform, enabling lenders to analyze the performance of their portfolios. In a press release issued on Thursday (Feb. 21), Brismo announced that it is using granular loan data from LendingClub to offer standardized performance metrics for lenders on the platform.

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Lending Analytics Data Capital 122

Payments Source

FEBRUARY 22, 2019

The agency’s proposed changes to its standard for small-dollar loans will help ensure underbanked consumers still have access to credit. Concerns about predatory lending are overstated.

Lending 67

Lending Regulation Payments 67

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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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