Tue.Sep 12, 2017

article thumbnail

Q2, Chime Use Digital Subscription Services to Drive FI Revenue With CardSwap

Bank Innovation

EXCLUSIVE- Q2 Holdings and Chime are taking advantage of how users typically pay services like Amazon or Netflix to help drive more interchange revenue to financial institutions. For consumers, paying digital subscription services like Netflix typically involves a degree of laziness. Most customers set up payment for these services once, and never look again unless […].

Payments 364
article thumbnail

China’s ban on cryptocurrencies is not news

Chris Skinner

There’s so much rubbish being written about cryptocurrencies, ICOs, blockchain and shared ledgers at the moment that I’m almost tempted to give up on it all. 1 in 10 ICOs is a scam, blockchain is not the same thing as a shared ledger, and no, I can’t tell you if … The post China’s ban on cryptocurrencies is not news appeared first on Chris Skinner's blog.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Contactless Payment Platform FitPay Gears Up for Next Growth Phase

Bank Innovation

EXCLUSIVE – When the co-founders of FitPay, a contactless payment technology provider, agreed to be acquired by security tech company NXT-ID back in May, the primary goal behind the deal was to enable growth for the San Francisco-based startup. And grow it did. FitPay is a technology platform that adds contactless payment capabilities to wearable […].

article thumbnail

Mobile, self-service kiosks play key role in Subway's redesigned stores

Payments Dive

By deploying its "Fresh Forward" concept, Subway has recognized the need to make ordering more convenient in addition to continuing its emphasis on freshness.

Mobile 240
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Alibaba Introduces “Smile to Pay” Facial Recognition Technology

Bank Innovation

KFC customers in the Eastern Chinese city of Hangzhou can now pay for their meals with just a smile. Jack Ma, Alibaba’s founder, has long planned on launching facial recognition technology for the company’s payment app, Alipay. He first revealed his commitment to the development of this technology at a CeBit Conference in 2015, when […].

More Trending

article thumbnail

Debitize, Which Helps Millennials Build Credit Without Debt, Launches in IOS App Store

Bank Innovation

EXCLUSIVE – Millennials are famously credit-averse, but this means they risk losing out on building a credit history, which is necessary for, among many other things, getting a mortgage when they want to buy a home. They will also miss out on points and rewards that credit cards offer — sometimes in generous quantities — […].

article thumbnail

TNS Report Uncovers Significant Global Variances in ATM Usage

Payments Dive

A new report being published today by Transaction Network Services (TNS) has revealed that consumers in the US, UK and Australia exhibit different behaviors when using ATMs.

ATM 150
article thumbnail

Finovate Fall 2017 Day One: Data Analytics, ID Verification, and Cybersecurity

Bank Innovation

Finovate kicked off its 2017 Fall conference with demos from about 40 financial technology companies on its first day yesterday in New York. The companies demoed solutions across all areas of financial technology, utilizing machine learning, identity verification processes, and financial literacy tools to try and secure a spot as one of Finovate’s Best in […].

Analytics 252
article thumbnail

Venmo Launches Visa Debit Card Via Shift Financial

PYMNTS

Venmo is testing out a free debit card for select users that is linked to their accounts. According to a TechCrunch news report, the company is inviting select users to participate in a beta program. They will receive a free Venmo debit card that is attached to their Venmo account. Users can pay with the card in stores, online or as a mobile payment, and the money will be debited from their Venmo balance.

Cards 158
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

How Do Countries Decide How to Regulate Cryptocurrency?

Bank Innovation

EXCLUSIVE- Governments around the world are enacting new regulatory policies in response to the growing popularity of cryptocurrencies and ICOs. Joshua Klayman, who heads the Blockchain + Smart Contracts Group at International Law Firm Morrison Foerster, points out in an interview with Bank Innovation that, so far, all governments that have issued statements on cryptocurrencies […].

article thumbnail

Brexit Hasn’t Knocked London Off Top Spot In Finance World

PYMNTS

Despite Brexit, London remains the most attractive destination for finance, according to a new survey from The Z/Yen global financial centers index (GFCI), news reports on Monday (Sept. 11) said. According to Reuters reports, London banks surpassed New York City , Hong Kong and Singapore in the survey, which assessed 92 cities’ allure to the financial world based on a variety of factors, including access to talent and infrastructure.

article thumbnail

Pineapple Payments Snags $35 Million Growth Investment

Bank Innovation

Omni-channel payment processing solutions provider, Pineapple Payments snagged a $35 million investment from Providence Strategic Growth. The investment is in the form of growth equity and will be used to accelerate the company’s growth. Pineapple Payments CEO Brian P. Shanahan said in a statement late last week: PSG is the logical partner for Pineapple because of […].

Payments 246
article thumbnail

SMBs Struggle To Set Flexible Spend Goals, Research Finds

PYMNTS

Two forces are currently at work that may stand to reshape the way small businesses (SMBs) manage their cash. On one hand, finds the latest report from spend management firm Center, companies are eager to take a new approach to how they budget and handle costs. On the other hand, separate research from the 2018 Robert Half Salary Guide for Accounting and Finance Professionals finds that the corporate accounting talent pool is shrinking, forcing the enterprise to rethink its employee hiring and m

Survey 134
article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Starling Bank’s New Platform MarketPlace Integrates with Fintech Flux

Bank Innovation

U.K.’s Starling Bank is embracing the PSD2 changes in finance with the launch of its Marketplace platform. The platform was unveiled today. It allows users to browse services from other, third-party fintech providers, which could eventually include existing Starling partners like TransferWise or MoneyBox. Essentially, the idea is that users will be able to complete […].

Fintech 236
article thumbnail

Whole Foods Sees Online Orders Surge Post-Amazon Acquisition

PYMNTS

Amazon ’s big Whole Foods Market buy is paying off, particularly when it comes to online ordering. Amazon, in celebration of its acquisition of Whole Foods Market has done what Amazon is known best for doing: cutting prices. Specifically, Amazon has cut prices on 2,000 or so items from the Whole Foods 365 Everyday Value brand. They’ve cut prices and sold out of the most-popular items, said Spencer Millerberg, chief executive officer of One Click Retail, which monitored sales.

Online 130
article thumbnail

Venmo’s the New Card on the Block

Bank Innovation

Payment platforms, no matter how flashy or cool, just don’t seem real until they have a plastic card attached. Witness Venmo, which has begun offering select users the chance to test a physical card, according to a report from TechCrunch yesterday. The company has apparently been testing cards internally since early summer. Users will presumably […].

Cards 199
article thumbnail

NEW REPORT: Expedia Explores The Payments World

PYMNTS

From international consumers embracing mobile wallets to world travelers planning their next trips online, platform commerce is going global. The September edition of the PYMNTS Payments Powering Platforms Tracker™ , powered by WePay, features the latest headlines on how payment platforms are powering purchases both online and with brick-and-mortar merchants worldwide. .

Report 129
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

SoFi CEO Mike Cagney to Step Down

Bank Innovation

Mike Cagney, the chief executive officer of online lender Social Finance, better known as SoFi, will be leaving his role at the end of this year. Cagney’s departure, as reported yesterday by The New York Times, follows several lawsuits for sexual harassment and wrongful termination filed against the lending startup in 2017. Cagney, who will […].

New York 150
article thumbnail

Millennial Corporate Buyers Get Personal With Suppliers

PYMNTS

Millennials are making up an increasingly large portion of corporate buying teams, and it’s shaping the way buyers interact with their suppliers, finds the latest research from SnapApp and Heinz Marketing. The companies recently released a survey based on 503 B2B buying companies, conducted in June. According to the data, 13 percent of companies said they have at least one millennial who is a decision-maker on their buying committees, while 27 percent said they have a millennial that is an influ

article thumbnail

Cisco placed third on 2017 IDC FinTech Rankings Enterprise Top 25

Cisco

Cisco has moved up to #3 in the 2017 IDC FinTech Rankings Enterprise Top 25. Cisco has remained amongst the most committed to helping Financial Services institutions digitally transform resulting in upward movement in rankings this year.

Fintech 125
article thumbnail

Google Tracker: Calling For Backup From Smartphone Producer HTC

PYMNTS

How could Google benefit from acquiring smartphone maker HTC? What is the company doing to help out in the wake of Hurricane Harvey — and will it do the same for Irma? Is Google Home safe from hackers? Will the company pay that antitrust fine from the European Commission? This and everything else you may have missed in this week’s Google tracker. Calling For Backup.

Google 122
article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

FinTech Startups Defining the New York FinTech Industry

Let's Talk Payments

New York is one of the hottest FinTech hubs globally and is known to be a notable hub of innovation. For talented entrepreneurs looking to explore New York as the.

New York 111
article thumbnail

Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

Innovation happens when you least expect it. As they say, “Necessity is the mother of invention.” Those we call “innovators” are simply the ones who endeavor to solve the problems in front of them by any means necessary. Only later do others look at them and call them “innovators.” Like artists, they are often misunderstood in their time, or at least underestimated.

article thumbnail

8 questions to answer before starting a digital transformation overhaul

Bobsguide

There has been a lot of talk about the high rates of digital transformation failures and a lot of praise to companies that have built their business case entirely on digital networks, such as Deliveroo, Uber, Argos and Amazon just to name a few. The key differentiator is that most of these companies.

Company 94
article thumbnail

Google Protects 3 Billion Devices With Safe Browser Service

PYMNTS

Google announced that its Safe Browsing service now protects more than 3 billion desktop and mobile devices. According to a Tech Crunch news report, the new numbers are an increase from 1 billion in 2013 and 2 billion that was reported in May 2016. Launched in 2007 as a feature of the company’s search engine, Safe Browsing is an anti-malware tool that keeps Chrome, Safari and Firefox users from visiting potentially dangerous sites.

Google 116
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.