Payments Dive
APRIL 12, 2019
Mobile payment acceptance is leading to rapid change in the restaurant industry, impacting everything from credit card use to delivery and online ordering as well as customer loyalty.
Chris Skinner
APRIL 12, 2019
I’ve recently seen two blogs about issues with challenger banks N26 and Tandem. They both relate to the ways in which these new banks communicate, or not in these cases. Judith Bogner, a well-known and followed broadcaster, explains regarding N26 and the fact that her husband was locked out of … The post Leaving customers digitally high and dry … big mistake appeared first on Chris Skinner's blog.
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PYMNTS
APRIL 12, 2019
One decade draws to a close, the next one looms. Only a few months into 2019, the year is already shaping up to offer a bit of a watershed in how we pay and how we get paid. The headlines may trumpet the size of multi-billion dollar deals, as Fiserv links with First Data , and FIS gathers Worldpay into its fold. As the 2010s roll off into the 2020s, the fact remains that technology is blurring the lines that used to exist before the (continuing) digitization of commerce.
Chris Skinner
APRIL 12, 2019
Things we’re reading today include … What a Deutsche Bank Merger Could Mean for Germany How banks can thrive in the digital age Qatar has no say in who runs Deutsche: foreign minister Commerzbank chairman dismisses ‘irresponsible’ reports of dissatisfaction with CEO Uber warns it ‘may not achieve profitability’ as … The post Things worth reading: 12th April 2019 appeared first on Chris Skinner's blog.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
PYMNTS
APRIL 12, 2019
FinTech firms are tackling everyday challenges across Africa by digitizing payments and providing increased transparency. Cellulant ’s Agrikore and Tingg Marketplace offerings, for instance, seek to take on the continent’s food struggles. Cellulant Group Co-CEO Bolaji Akinboro told PYMNTS in an interview, “We believe that this solution can help solve food crises and hunger in Africa which has the landmass and climate to grow as much quantity of food that can feed the world.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 12, 2019
It was a good day for Jumia Technologies on Friday (April 12) — and that’s a good signal about the future prospects of eCommerce in Africa, home to some 1.3 billion people, of whom at least 725 million have mobile devices. On its first day of trading, shares for the company often called the Amazon of Africa jumped some 54 percent, trading at about $22.
Payments Dive
APRIL 12, 2019
Telekom Slovenije Google Play & Fortumo case study: doubling Google Play spend limits
PYMNTS
APRIL 12, 2019
The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Designed to safeguard consumers with greater transparency into how, when and by whom their personal data is collected, GDPR , though based in EU, has a global reach and is likely to act as a blueprint for upcoming data security regulations in other markets.
Bank Innovation
APRIL 12, 2019
The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 billion), making it the biggest listing in Europe so far this year and the third major IPO of a payment-processing institution in the region in less than a year. Shares were offered at 9 euros each, giving the company a value […].
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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
APRIL 12, 2019
Juul Labs, the company that makes the popular vaporizer, has announced a new program to track its devices and figure out how they get into the hands of minors, according to a report by TechCrunch. The program is called Track & Trace, and involves the serial numbers on the bottom of the devices used for vaping a nicotine product. Recently, the company gained the ability to track the serial numbers from the making of the Juul all the way to where it was sold.
Bobsguide
APRIL 12, 2019
Banks are increasingly turning to machine learning to innovate heavily manual and costly middle and back office mission critical compliance management processes, say market participants. “Banks are already in a period of change, mostly in the more business- driven activities in the front.
PYMNTS
APRIL 12, 2019
It’s not exactly Bogie and Bacall, or Kim and Kanye — at least not yet. But FinTechs and financial institutions are increasingly crafting partnerships designed to help them both thrive in this global world of digital payment and commerce. The stakes are too high to turn away from at least the prospect of such relationships, not with the fierce pace of innovation punishing anyone who lags behind, and regulatory measures such as PSD2 aiming to make the world safer for FinTech-FI collaborations.
Bobsguide
APRIL 12, 2019
A fintech agreement between Cambodia and Singapore authorities provides an opportunity for the former’s underbanked and underbanked population, according to lawyers, while the vice president of both Cambodia and Singapore’s fintech associations says lessons can be learned from both.
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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
APRIL 12, 2019
When Honeyfi got off the ground in 2017, it had a pretty simple idea. Couples could better manage their financial lives if they had a transparent platform where they could share the financial data they wanted to share, keep private what they wanted to hold back — and work jointly to set and meet their financial goals. The goods news for Honeyfi, said Co-Founder Ramy Serageldin, was that this insight was fundamentally right.
Payments Source
APRIL 12, 2019
A hacker can infect multiple point-of-sale terminals with malware by entering through a "smart" coffee vending machine at a grocery store or restaurant. And the store owners are largely unaware of the risk.
PYMNTS
APRIL 12, 2019
Vending machines and retail kiosks are becoming more advanced as solution providers introduce new technologies and retailers implement the solutions to sell a wider variety of products, including high-end goods and even controlled substances like alcohol. But as retailers work to expand vending machines’ product ranges, they may find their machines to be tempting targets for theft and hackers.
ATM Marketplace
APRIL 12, 2019
Faced with another Windows OS migration, financial institutions are seeking relief from what seems like perpetual ATM upgrade expense and pathetically short product life cycles. And disgruntled Windows ATM owners are discovering that they really do have options.
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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
APRIL 12, 2019
It’s the end of a busy week, one full of news about payments and commerce. We here at PYMNTS are as excited about the weekend as you are, but before our thoughts turn to leisure, we want to make sure you are up-to-date on all that happened this week, and that you didn’t miss anything important. Here are some of the vital stories we have covered since Sunday.
Bobsguide
APRIL 12, 2019
Societe Generale’s (SocGen) closure of its commodities business is confirmation of a downward trend between large banks and the commodities market, say industry analysts and market participants. “The share prices told you that SocGen were one of the worst performers over the.
PYMNTS
APRIL 12, 2019
Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). Companies including Fiserv, Fidelity National Information Services (FIS) and Jack Henry & Associates control the majority of the core banking services market, linking financial institutions and FinTechs to infrastructure to run their own banking operations.
Payments Source
APRIL 12, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Google Pay supports gold sales in India; German regulators pressure N26; Bakkt adds payment veteran; Amazon acquires robotics company Canvas Technology.
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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.
PYMNTS
APRIL 12, 2019
Nonbank lending – also known as “ shadow banking ” – has seen its assets hit $52 trillion, despite the fact that the sector poses significant risks. As CNBC reported, these companies, which have been subjected to less regulation than traditional banks, have seen a 75 percent jump from 2010, the year after the financial crisis ended. The nonbank sector played a large part in the crisis because it gave loans to underqualified borrowers, while also providing financing to many of the inv
Payments Source
APRIL 12, 2019
PayU is expanding its umbrella of payment companies in developing markets in a $70 million deal to buy Wibmo, a Cupertino, Calif.-based digital payments company that integrates with banks in 20 countries for payment authentication and security.
PYMNTS
APRIL 12, 2019
Dashlane , a password manager and identity management solution, announced it has raised $30 million in new funding, according to reports. The funding comes from a round of debt financing from Hercules Capital, and follows previous investments from FirstMark Capital, Rho Ventures, Bessemer Venture Partners, TransUnion and Silicon Valley Bank. The company also revealed that Seth Farbman, a former chief marketing officer for Spotify and Gap, is joining its board.
Payments Source
APRIL 12, 2019
The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 billion), making it the biggest listing in Europe so far this year and the third major IPO of a payment-processing institution in the region in less than a year.
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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.
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