PYMNTS

OCTOBER 21, 2020

Visa announced Wednesday (Oct. 21) that the company is expanding its contactless Tap To Phone (TTP) payment systems to more than 15 markets worldwide, with plans to bring the mobile tech to the United States sometime next year. The expansion follows a 12-month global pilot program. It also comes when the global pandemic has seen a surge in demand for touchless payment options from both consumers and sellers who want ways to pay that are safe, fast and easy to use.

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Perficient

OCTOBER 21, 2020

Question: What is one of the best things about working at Perficient? Correct Answer: Our incredible culture and the people who live it! Company culture is all about the people who create it and live it every day. Examples of Perficient’s collaborative and engaging culture can be found across all offices, and our Chicago office is no exception. Over the past few months, this team has participated in Green Team meetings , a penguin watch, a team cook-off , and more.

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Abrigo

OCTOBER 21, 2020

Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. The overall CMBS delinquency rate in September declined from a near peak rate earlier this year. Forebearances rose in September, topping $31 billion. The pandemic's impact on CRE. This post by Hayley Collier , Trepp's Marketing Communication Specialist, was originally published on Trepp's blog and can be found here.

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PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. And starting in 2021, they will be able to spend their crypto caches with any of the 26 million merchants currently accepting PayPal.

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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

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Accenture

OCTOBER 21, 2020

In my last post, I explained how Open Banking and treasury application programming interfaces (APIs) are a win-win for both banks and their corporate clients in better meeting their business needs and operational goals. According to Accenture Research, 77 per cent of European banks, 72 per cent of North American banks and 61 per cent…. The post Treasury APIs | How market leaders are paving the way appeared first on Accenture Banking Blog.

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Bobsguide

OCTOBER 21, 2020

Data has been a hotly discussed topic in the banking world for some time now. And as firms learn to adapt to the latest pandemic pressure – whether that be new working environments or unprecedented levels of market volatility – the need for real-time visibility of their data has.

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Data Management Marketing 211

PYMNTS

OCTOBER 21, 2020

J.P. Morgan Chase wants in on small- and mid-sized (SMB) payments and is banking on no-fee QuickAccept to edge out FinTech rivals Square and PayPal, according to a Wednesday (Oct. 21) CNBC report. Using QuickAccept, SMBs can take payments through a mobile app or contactless card reader and get the funds instantly, with no fee. Square, for example, charges a 1.5% fee for instant transfers.

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Fintech Conference Cards Payments 309

Payments Source

OCTOBER 21, 2020

Bitcoin approached a high for the year after PayPal Holdings Inc. announced it will allow customers to use cryptocurrencies.

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Bitcoin cryptocurrency 150

PYMNTS

OCTOBER 21, 2020

For SMBs, what’s in the cards … are more card readers. To that end, the banking giant J.P. Morgan is focused on enabling payments for the millions of small businesses that are the lifeblood of Main Streets across the U.S. – and, by extension, the U.S. economy. As reported this week, J.P. Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square.

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Marketing Maine Cards Payments 306

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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

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Payments Source

OCTOBER 21, 2020

Businesses continue to demonstrate that they are no match for criminals’ swift ability to hijack vulnerable personally identifiable information or socially engineer victims into payments fraud, says Giact's Kimber Johnson.

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Fraud Payments 122

PYMNTS

OCTOBER 21, 2020

Decentralized international trade platform Contour has teamed with information technology (IT) solutions provider Mphasis to speed up the digital transformation of global trade finance, according to a Wednesday (Oct. 21) announcement. Mphasis will harness its Front2Back TM Transformation approach and its next-generation IT in addition to operations functions to help speed up the installation and use of the Contour network through a collection of businesses, financial institutions (FIs) and partn

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Payments Source

OCTOBER 21, 2020

As merchants and consumers increasingly favor contactless payments over the course of the COVID-19 pandemic, Visa is removing obstacles to contactless acceptance.

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Course Cards Payments Mobile 123

PYMNTS

OCTOBER 21, 2020

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. 21). Last year Insight Investment supported the digital lender with a 1.5 billion kronor infusion. Past investors have also included Hakan Roos, Martin Gren, Richard Goransso. Lendify Co-Founder John-Christian de Champs also assisted with funding.

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Lending Customer Experience US Capital 258

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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.

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Payments Source

OCTOBER 21, 2020

PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers.

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cryptocurrency Payments Company New York 134

PYMNTS

OCTOBER 21, 2020

The 1980s were known for consumers obsessing over airline miles, while the 2000s reflected shoppers’ love affair with getting cash back. But the 2020s could be the decade of sustainability rewards — and a time when credit card purchases take a turn towards protecting the environment. That’s according to Mastercard Chief Digital Officer Jorn Lambert , who told Karen Webster recently that today’s consumers simply have different values than those 10, 20 or 30 years ago did.

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social media United States Cards Trends 251

CFPB Monitor

OCTOBER 21, 2020

The CFPB recently issued a final rule that amends the Regulation Z ability to repay/qualified mortgage rule by extending the sunset date for the qualified mortgage (QM) based on a loan meeting certain product requirements and being eligible for sale to Fannie Mae or Freddie Mac. The QM often is referred to as the “GSE Patch.” The final rule will be effective 60 days after publication in the Federal Register.

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PYMNTS

OCTOBER 21, 2020

Finexio , an AP payments-as-a-service platform, has come off a funding round with $23 million, a press release says. The round was led by a strategic investment from Medalist Partners, a New York-based alternative credit manager. Other backers included Florida Funders, Post Road Partners, including investors Peter Wirth, Keith Meyers, Paul Friday & Lou DeRose, Alpine Meridian Ventures, Stormbreaker Ventures, Joe Proto, CEO of Transactis, Finexio senior management and numerous FinTech and pay

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Tools Payments Florida New York 237

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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.

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ABA Community Banking

OCTOBER 21, 2020

On the latest episode of the ABA Banking Journal Podcast, Old National Bank's Ben Joergens discusses his bank's experience launching a Bank On-certified account. The post Podcast: Behind the Scenes with a ‘Bank On’ Product appeared first on ABA Banking Journal.

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PYMNTS

OCTOBER 21, 2020

A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. The hackers published the contribution in addition to tax receipts for 0.88 in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. Eastern Time on Oct. 20) they had provided to Children International and The Water Project.

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Bitcoin New York Taxes Report 234

ABA Community Banking

OCTOBER 21, 2020

The ABA Foundation’s 2020 George Bailey Distinguished Service Award co-winners put the spotlight on the industry’s financial inclusion efforts. The post Profiles in Inclusion appeared first on ABA Banking Journal.

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Community Bank Community Lending Marketing 105

PYMNTS

OCTOBER 21, 2020

A New York-based startup is shaking up the stodgy world of banking by offering customers a chance to win prizes as an incentive to save money. Adam Moelis , co-founder and CEO of Yotta Savings , told PYMNTS that the idea of rewarding savers makes sense, given how much people love to play the lottery but struggle to sock money away. “We're basically stealing the psychology that drives people to play the lottery,” Moelis said.

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FDIC New York Tools Marketing 232

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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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Payments Source

OCTOBER 21, 2020

With face-to-face service altered, banks need to improve their data game to build new payment services, says Tealium's Heidi Bullock.

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Payments Data Management Fintech 118

PYMNTS

OCTOBER 21, 2020

"The health crisis has really shown us that within the broader workforce, regardless of whether people are salaried or hourly, the majority don’t have enough savings in the bank to last for a week or two-week period," notes Warren Perlman, As the pandemic has disrupted the traditional payroll process, Ceridian has embraced this rapid change as an opportunity for value creation with employers and employees alike.

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BankDeals

OCTOBER 21, 2020

Union Square Credit Union (TX) offers its Kasasa Cash checking account with a very competitive rate on qualifying balances up to $25k to all Texas residents.

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Texas 105

PYMNTS

OCTOBER 21, 2020

As T-Mobile races ahead with its rollout of 5G, the wireless giant is now on the hunt for startups to develop the additional bells and whistles that will make its new, high-powered network stand out from its competitors. To that end, T-Mobile on Wednesday (Oct. 21) announced plans for a new, multimillion-dollar investment fund to help fuel startups developing “groundbreaking 5G products and services” for the wireless carrier’s network.

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Mobile Innovation United States Apple 209

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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.

Lending