Fri.Jan 12, 2018

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Payments Regulation PSD2 Arrives in Europe

Bank Innovation

EXCLUSIVE – Major European payments regulation, PSD2 is set to go live tomorrow in Europe. Banks across the European Union have been preparing for the revised Payment Service Directive or PSD2 since it was first passed in 2015 by the Council of the European Union. The main objective of this new regulation is to level […].

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The many faces of mobile payments

Payments Dive

NFC, QR codes and various in-app payment methods have helped change the way consumers pay via a smartphone.

Mobile 313
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Fintech Tandem Gains Banking License With Close of Harrods Bank Acquisition

Bank Innovation

Fintech lender Tandem has officially completed its acquisition of Harrods Bank, a move that grants the London-based lender a banking license, it announced yesterday. A mobile-based lender that allows customers to aggregate all of their financial information in one place to help users save and budget, Tandem lost its banking license in 2017 after an […].

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ATM, POS and Kiosk Communications | TNSLink

Payments Dive

Improve POS, ATM and unattended kiosk uptime and security standards while decreasing total cost of ownership with this zero-touch connectivity solution. TNSLink is a fully managed, PCI compliant connectivity solution for POS terminals, ATMs and unattended kiosks worldwide.

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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

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FitPay Founder & COO Michael Orlando Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE- Michael Orlando, founder of FitPay, a provider of payment technology for wearables, has joined the speaker faculty for Bank Innovation 2018, which takes place March 5-6 in San Francisco. Orlando founded FitPay in 2014. The company went on to be acquired by security technology company Next-ID Inc., and provides the payment technology behind wearables […].

More Trending

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Bank of America Sees “Overwhelming” Growth in Zelle Numbers

Bank Innovation

EXCLUSIVE — It’s another great quarter for Bank of America in terms of number of users of its P2P payment app Zelle. The bank just released numbers for the Zelle app in Q4’17 that shows it processed more than 23 million transactions amounting to almost $7 billion. That’s a 91% increase from the prior year […].

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Feds Put Seized Bitcoins Up For Auction

PYMNTS

The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. On Thursday, the U.S. Marshals Service said it will hold an auction in February to dispose of 3,813 bitcoins, which are valued at a sizable $52 million at today’s price.

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JPMorgan Chase ‘Excited’ for Zelle, Millennial App Finn in 2018

Bank Innovation

EXCLUSIVE—JPMorgan Chase will continue to expand its digital payment offerings in 2018, looking to acquisitions such as WePay to keep up its growth, bank CEO Jamie Dimon said during the bank’s earnings call today. The bank acquired both services last year, and will use them to expand both its consumer and business payments systems. The […].

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KFC Takes A Bite Of Bitcoin Trend

PYMNTS

Colonel Sanders wants customers’ bitcoins. According to Fortune , Kentucky Fried Chicken (KFC) has announced a Bitcoin Bucket, available only in Canada and only for a limited time, for the low, low price of $20 worth of bitcoin tokens. The bucket, which contains 10 original recipe tenders, waffle fries, a medium side, gravy and two dipping sauces, cannot be purchased with cash, credit, Apple Pay or any other payment method.

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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

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Visa Partners with NovoPayment for Realtime B2B Payments in Latin America

Bank Innovation

Visa is partnering with cloud-based enabler of digital financial and transactional services, NovoPayment, to bring payment solutions for Business to Business (B2B) transactions in Latin America and the Caribbean. The three key B2B areas this partnership will focus on are solutions for the business traveler, solutions for accounts payables and receivables; and accelerating Visa’s bank […].

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Startup Spotlight: Invisible Payments, Invisible Hacks

PYMNTS

Invisible payments are convenient…until they’re not. From paying for groceries through Apple Pay to paying for a ride on Lyft, many popular services today require nothing but a phone – no need to pull out a credit card or sign a receipt. It’s almost like not spending money at all. Yet just because these payments can’t be seen doesn’t mean they aren’t at risk.

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Ripple says MoneyGram to test its digital coin for payments

Payments Source

Ripple, the startup looking to help the financial industry speed up payments with blockchain technology, said MoneyGram International Inc. is testing the use of its XRP digital currency to move funds.

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Mall Now A Four-Letter Word For Some Operators?

PYMNTS

Turns out “mall” is a passé, a name, a nomer that hearkens back to the musty days of the 80s. The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators. Call them something else, then, it seems. In numerous examples cited by the financial publication, rebranding is afoot. Consider Parmatown Mall, in Parma, Ohio, which has been refashioned as The Shoppes at Parma.

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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.

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Daily Review: Is Country-as-a-Service (CaaS) the Future of Governments?

Let's Talk Payments

Here is an interesting twist – why don’t governments offer public services as a software? After all, the business of government doesn’t have to be synonymous to tedious bureaucracy, and.

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Sam’s Club Suddenly Closes 63 Stores

PYMNTS

Walmart’s Sam’s Club abruptly shuttered locations in several states, with some employees learning of the closures as they arrived for work. But the membership-only retailer said it had closed the stores following a “review,” according to news from Reuters. “After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy,” the retailer wrote in a tweet.

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Accessible Credit Will Not Lift Individuals From Poverty, Financial Education Will

Let's Talk Payments

Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime. Successfully and sustainably scaling a financial.

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Saks President Says Firm Doesn’t Need In-Store AI

PYMNTS

Luxury retailer Saks Fifth Avenue is taking a stand against the ongoing push for artificial intelligence (AI) in the brick and mortar shopping experience. In a recent interview on CNBC’s “Squawk Box,” Saks’ president Marc Metrick explained he is not intimidated by the digital trend. “When you think about the online versus the offline experience, we don’t need AI in our stores.

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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.

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More technology aims to get ahead of Amazon Go

Payments Source

One of the options for brick and mortar to strike back at e-commerce is real-time in-store analysis, where nascent technology gives consumers the a personalized experience without stopping to pay or engage with staff.

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QR Codes Sizzle, Smart Parts Fizzle And Facebook Bows Out Of AI Assistants

PYMNTS

Facebook’s M Fizzles. While most of the week was dedicated to the cohort of players at The International Consumer Electronics Show (CES) battling it out on the voice assistant playing field, one player decided to pack up their cleats and hit the showers early. After two and a half years in the market, F acebook’s artificial intelligence (AI) virtual assistant “M” officially said goodbye.

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MoneyGram's Ripple deal gives crypto a chance to sink or swim

Payments Source

Despite the mad rush among investors to buy up bitcoin, XRP and other prominent cryptocurrencies, these digital coins have largely failed to operate as instruments for payment. MoneyGram's deal with Ripple might change that, or it might be the first nail in the crypto coffin.

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A Record Club For A New Generation Of Vinyl Lovers

PYMNTS

A favorite tune is never more than a tap on a smartphone away for most modern music fans. While that convenience is coveted by many, the suspect quality of streaming audio and its disposable nature can leave some audiophiles and music lovers wanting more. As a result, a 1960’s anachronism has made a thunderous return. The turntable and vinyl record collections, once relegated to attics and basements, have now found a place on millennials’ shelves — particularly of those with old souls or anyone

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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.

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How enhanced cash flow visibility streamlines access to funds and fuels investment opportunities

Bobsguide

Russell Bennett Chief Technology Officer, Fraedom. Cash flow is key for any organisation. Get it wrong and you can put the existence of the business in jeopardy. Get it right, however, and you open up a wealth of new opportunities for your company. As an illustration, a US Bank study indicated.

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JPMorgan And Wells Fargo: Two Banks, Two Earnings Reports, Divergent Stories

PYMNTS

The kickoff to earnings season usually has two firms reporting on the same day — JPMorgan and Wells Fargo — and the stories diverge wildly even though the same broad forces are at play. Tax cuts may have dominated the headlines, but then again, the tale remained the same as it has been the last few quarters. JPMorgan showed some momentum; Wells has some work to do.

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6 subversions of the mobile wallet

Payments Source

Mobile wallets blend together, going so far as to share the same branding pattern — Apple Pay, Android Pay, Samsung Pay, Walmart Pay, etc. — but a few companies are going against conventional wisdom with their own products.

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Editor's picks: What now for payments in 2018 post-PSD2?

Bobsguide

Editor's note. Four little letters bely the huge impact that PSD2 will set on the banking world. It spells a new era in how we perceive data whilst also encouraging (or dragging) the banking industry to fully embrace the brave, new digital world and all its benefits (and pitfalls).

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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.