Bank Innovation
JUNE 29, 2018
Banks will say that their customers still visit bank branches for many transactions. Whether it’s Bank of America or HSBC or Fifth Third, almost all banks believe branches will have a role to play for the foreseeable future. But FIs across the country are shutting down branches at a steady clip, and people that once […].
Payments Dive
JUNE 29, 2018
For the last several years the United States has been lagging behind most of the rest of the world when it comes to contactless payments technology, but all of that is starting to change.
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Bank Innovation
JUNE 29, 2018
PREMIUM - PayPal has rolled out a new feature that will help its retail clients increase conversions, making it easier for shoppers to become buyers. The payments giant built this solution to address pain points of cluttered online checkouts for both the consumer and retailer. The feature is called smart checkout button. Shoppers are presented with […].
Payments Dive
JUNE 29, 2018
What areas of innovation could shape the channel, and how can financial institutions keep users engaged and satisfied?
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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 29, 2018
Beyond the vagaries of cryptocurrencies, the price swings and headlines, and the investigations and speculation, use cases emerge. If entranced by bitcoin’s ebbs and flows, one would be forgiven for being caught off guard (if they are, in fact, off guard) to find that a major bank is coming to market with a service backed by blockchain, which now is live and available — and can help make sure that funds cross borders with speed and surety.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 29, 2018
Through a four-day test of a know-your-customer (KYC) compliance system, a group of 39 participants were able to make 300 transactions in 19 countries with an app from Synechron built on R3’s Corda blockchain platform. The experiment’s participants included banks such as BNP Paribas and Deutsche Bank — as well as regulators, Coindesk reported.
Bobsguide
JUNE 29, 2018
Open Banking is now here in the UK, although not yet completely supported by all high-street banks. As new companies and services are created, we will soon be able to do ever more with our bank details, from account aggregation apps to creating new kinds of payment rules. Not only does this mean.
PYMNTS
JUNE 29, 2018
As Airbnb builds up a larger profile in the travel space, the home share marketplace is eyeing an initial public offering (IPO). The company wants to be ready to go public on June 30 of next year and aims to have an IPO before 2020, according to reports. At the same time, Airbnb has also created a bonus program to offer employees cash bonuses in 2018 and 2019.
Payments Source
JUNE 29, 2018
In the era of digital and mobile payments, many banks and tech companies have strived to completely do away with cash, checks and cards. But quite a few have had to concede that the market isn't quite ready to give up the physical trappings of payments.
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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 29, 2018
The first class action lawsuit against Exactis has been filed in response to the company’s massive data breach that exposed the private information of more than 200 million U.S. consumers and 110 million business contacts. The marketing and data aggregation firm was the subject of a data breach in which customer information ended up on the internet for hackers or anyone else to view.
Payments Source
JUNE 29, 2018
The information you need to start your day, from PaymentsSource and around the Web, including: Visa's World Cup spending goal, Mastercard's blockchain patents, U.K. stress tests, and more.
PYMNTS
JUNE 29, 2018
The U.K. retains the spotlight when it comes to the fight against late supplier payments, but the market isn’t the only one in which vendors struggle to get paid on time. North America has its own late payments problem, new research shows, and the data suggests it’s getting worse — despite a strengthening economy, particularly in the U.S. “It is interesting that in a healthy, growing economy, bad debt continues to plague the B2B markets,” said David Huey, president and re
Payments Source
JUNE 29, 2018
Alipay is deepening its reach to Chinese consumers in the U.S. through a partnership with 99 Ranch Market, a 50-store chain of supermarkets specializing in Asian products and food.
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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 29, 2018
When Ticketmaster U.K. disclosed it had suffered a data breach, the company also revealed the cause of the cybersecurity incident: a third-party vendor. As the latest breach to hit a major, global conglomerate, the attack on Ticketmaster highlights the growing threat of cyber-weaknesses down a company’s supply chain. Ticketmaster revealed this week that Inbenta Technologies, which provides Ticketmaster a customer support software solution, had malicious software in its product.
Payments Source
JUNE 29, 2018
The Consumer Financial Protection Bureau said it did not issue an additional penalty because Citibank self-reported that it failed to reduce interest charges for 1.75 million credit card customers.
PYMNTS
JUNE 29, 2018
Cybercriminals are increasingly turning to cryptojacking and other schemes to mine cryptocurrency, McAfee said in a press release. In fact, the security software company reported that the number of crypto mining malware samples grew by 629 percent in the first quarter of 2018: It saw 2.9 million known samples then compared to only 400,000 in the fourth quarter of 2017.
Payments Source
JUNE 29, 2018
The measure, which has been compared to the EU’s new consumer privacy rules, grants Californians new rights over how companies collect and use their personal data.
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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 29, 2018
Fighting payments friction is more or less PayPal ’s DNA. In its early days (a little less than two decades ago), PayPal solved the payments frictions associated with using checks to pay for purchases made on eBay. One Touch Checkout on mobile in 2014, and on web in 2015, removed the friction of entering name, address, billing, shipping information and a sixteen-digit account number to complete a purchase online — or via the fastest growing online commerce channel then and now: mobile.
Gonzobanker
JUNE 29, 2018
I eat, sleep and breathe lending, so of course I’d recognize the glaring similarities between the recent royal wedding and my bank and credit union clients’ relationships with their loan origination system vendors. It’s just too bad that, unlike Meghan Markle, bankers can’t all have six months of training ordered by the queen to help smooth over the rough patches in their relationships.
PYMNTS
JUNE 29, 2018
Ahead of a planned reduction in interchange fees, which card issuers pay for cash withdrawals at ATMs in the U.K., data from LINK indicates that over 500 cash points have closed this year over a five-month period to May. During that time, the number of cash points in the U.K. declined by 2,611 to 66,999 cash points, Financial Times reported. Which? circulated data indicating a similar trend: The consumer group showed that nearly 300 ATMs had shuttered each month from December to April.
Payments Source
JUNE 29, 2018
Buying a startup or running an accelerator program isn’t enough to help banks truly prepare for the coming digital age.
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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 29, 2018
Since 1990, CIAB FEBRABAN has been one of the biggest IT conferences in the financial sector, this year attracting more than 23,000 visitors, which included industry experts, CEOs of top banks, entrepreneurs and policymakers. Among those visitors was Laurence Cooke, CEO of the startup nanopay. This year’s conference theme was “exponential intelligence,” highlighting up-and-coming technologies like artificial intelligence (AI), machine learning, blockchain and the Internet of Things (IoT).
ATM Marketplace
JUNE 29, 2018
For the last several years the United States has been lagging behind most of the rest of the world when it comes to contactless payments technology, but all of that is starting to change.
PYMNTS
JUNE 29, 2018
Less than 10 years after going private, BJ’s Wholesale Club stock is proving to be a hit with investors after returning to public trading. Shares of the wholesale club retailer jumped more than 20 percent on Thursday (June 28), reaching north of $21, Financial Times reported. BJ’s brought in $637.5 million by selling 37.5 million shares for $17, which was the top of the $15 to $17 range the retailer had provided in its regulatory filings.
ATM Marketplace
JUNE 29, 2018
It's officially summer. And it feels like it. Whether you're headed to the lake, the cabin, the pool, or indoor refuge with working AC for the July 4 holiday, it's a good time to catch up on your summer reading — including top-rated features you might have missed at ATM Marketplace.
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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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