Bank Innovation
JULY 28, 2017
What makes the Starbucks mobile wallet such a popular option when it comes to paying for that morning coffee? Mobile payment at the coffee company’s U.S. stores increased to 30% of all stores, according to the earnings Starbucks reported yesterday, meaning just under a third of customers are now paying via mobile. Meanwhile, Starbucks Mobile […].
Chris Skinner
JULY 28, 2017
A long time ago, a man would go to work whilst the woman would stay at home. Thanks to a generation of change, women and men now work and no one has to stay at home. A long time ago, work was a place you went to and home was a place you rested. Thanks to a generation of change, work is now part of your home and spends all day with you. A long time ago, you could finish work and get a work-life balance.
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Bank Innovation
JULY 28, 2017
This year could be the year that VC- backed fintech investment deals and funding reach an all-time high. According to a report by CB Insights, released earlier this week, venture capital-backed fintech companies across the globe raised a total of $5.2 Billion across 251 deals in the second quarter of this year. This number reflects […].
PYMNTS
JULY 28, 2017
Automation has come to several industries. From manufacturing to customer service, there have been several parts of today’s workforce that have been automated by some form of smart technology. One in four Americans are currently at risk of having their jobs automated, according to a research paper from Ball State University, “ How Vulnerable are American Communities to Automation, Trade, and Urbanization?
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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
Bank Innovation
JULY 28, 2017
Consumers today want services that can show them their whole financial picture, from the effects of daily transactions to how their investments are doing. That’s why micro-investing service Acorns has partnered with Clarity Money, a fintech that bills itself as the “champion” of consumer finances with its PFM app, the companies announced today. Clarity Money […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 28, 2017
Beauty is and always has been one of humanity’s favorite topics. English poet Thomas Overbury famously observed that it is only skin deep, while Irish poet Margaret Wolfe Hungerford noted that it is “in the eye of beholder.” And while no one knows who exactly originated the phrase “beauty is pain,” it is quoted widely and liberally in salons, shoe stores and bridal salons nationwide.
Let's Talk Payments
JULY 28, 2017
2017 is shaping up to be a pivotal year for FinTech globally 2017 is a pivotal year for the FinTech community around the world as external forces significantly affect the.
PYMNTS
JULY 28, 2017
Police have discovered a new credit card skimmer that connects to the inside of a gas station pump and is able to send stolen data via SMS. According to Tech Crunch , thieves tear apart cheap phones and send credit card information to their location instantly without having to access the skimmer physically or rely on an open Bluetooth connection. Brian Krebs of Krebson Security received images of the skimmer — found at a gas station in the Northeast — from an unnamed source.
Let's Talk Payments
JULY 28, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new Financial Technology industry. Keep an eye out each week for new stories! If you or someone you know.
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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
JULY 28, 2017
The mobile revolution has hit the dining industry and is becoming a staple for QSRs, fast casual restaurants and beyond. And recently, some brands that have already introduced and found success through mobile ordering apps are experimenting with expanding mobile ordering real estate. . The latest PYMNTS Mobile Order-Ahead Tracker™ features news on restaurants around the space expanding their use of mobile order-ahead smart technology to entice new customers and offer improved ordering experie
Bobsguide
JULY 28, 2017
Bobsguide recently spoke to Carla Erlick, SVP Business Development at Paysafe, about integrated payments, and the crucial role they play in supporting business growth. What are integrated payments?
PYMNTS
JULY 28, 2017
In news good for no one anywhere, it seems the North Korean army of cybercriminals has decided to reorganize itself to prioritize greater specialization. According to WSJ reports out this morning — the cyber dark army has splintered into smaller groups and is increasingly focused on stealing from the rest of the world to give back to its home country.
NCR
JULY 28, 2017
The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. Consumers today can open accounts , make payments to other people (P2P transactions), pay bills, check account balances and complete various other tasks, all with a device small enough to fit in their pocket.
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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
JULY 28, 2017
Protecting data online is an enormous task and responsibility. With the amount of sensitive consumer and enterprise data exchanges occurring every second, there’s bound to be a slip up with either leaked or stolen information. As long as hackers can find an open window in the virtual house of the internet, there will be hacking. And with computers allowing that hacking to happen from any location around the globe, those using remote access points can be difficult to find and squash.
Payments Source
JULY 28, 2017
A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.
PYMNTS
JULY 28, 2017
The high tech shoe cobbler is in. Shoes are arguably one of the most difficult items to buy online. Finding the right style and fit can have people exchanging shoes back and forth for a while, which can be an annoyance. New York-based startup company True Gault is pushing the boundaries for high heel shoe shopping with its latest launch. Founded by former Kodak and IBM employee Sandra Gault, the goal of the Google Accelerator program company is to help solve the online shoe shopping conundrum.
Payments Source
JULY 28, 2017
Starbucks has hit a mobile payments milestone, with 30% of all U.S. transactions now coming through mobile, and to smooth operations surrounding its popular Mobile Order & Pay service, the company is introducing digital-ordering specialists at its busiest stores.
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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
JULY 28, 2017
A virtual lynch mob has swarmed the Facebook page of the Budapest Transit Authority (BKK in Hungarian), leaving more than 45,000 one-star reviews after the BKK arranged for the arrest of a helpful teenage “hacker” who exposed a loophole in its payments system. The 18-year-old, a high school graduate who wished to remain anonymous, is far from the only tech-savvy person who knows his way around the inner workings of the digital world, and others may not share his sense of moral responsibility.
Payments Source
JULY 28, 2017
Starting next month, Prime Minister Narendra Modi’s government will begin amassing a warehouse of virtual information collected not just from traditional sources like banks but also from social media sites, as it looks to match residents’ spending patterns with income declarations, said people familiar with the matter.
PYMNTS
JULY 28, 2017
Stitch Fix has filed confidentially for an initial public offering as it readies itself to go public in the near future, according to Tech Crunch. While it’s unknown when the company will go public, this move marks the official beginning of the process ahead of the S-1 filing, in which Stitch Fix will formally disclose its financials. Startups are allowed to file confidentially for IPOs under the JOBS act, allowing them to test the waters prior to formally releasing their company’s inner working
Payments Source
JULY 28, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Facebook makes payments on Messenger easier; Cards overtake cash in Australia; RBS' bailout fintech deal; Canadian payment project reaches payroll.
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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
JULY 28, 2017
When one gets on a hot streak like the one Amazon has been on for the last several weeks, it can be hard to remember baseball great Connie Mack’s sage advice: You can’t win them all. Because no matter how big, smart or powerful a merchant happens to be, there is simply no such thing as batting a thousand. Still, with Amazon’s big moves stacking on top of bigger moves this summer, it might have been easy to believe that a thousand was all the eCommerce retailer knew how to bat.
Bobsguide
JULY 28, 2017
bob’s guide to treasury management systems: How financial professionals can prepare for GDPR. Leonie Mercedes - Reporter, bobsguide.
PYMNTS
JULY 28, 2017
It may be slow on the B2B venture capital front, with just $31.5 million in funding rounds for some pretty niche enterprise service providers. But thanks to WeWork, non-VC investors have shown a spotlight on the B2B space — the coworking startup has announced half a billion dollars in equity financing. We dive into all the plans WeWork has for that cash and break down the rest of the investment funding rounds of the week below.
Payments Source
JULY 28, 2017
At least one winner has emerged from India’s crackdown on so-called black money: the country’s richest banker.
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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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