Thu.Sep 23, 2021

Biden to Name CBDC Advocate Saule Omarova to Lead OCC

PYMNTS

President Joe Biden has announced that he plans to nominate Saule Omarova for Comptroller of the Currency and Claudia Slacik as Member of the Securities Investor Protection Corporation, according to a White House press release.

XBRL News from down under, about climate and certifications

Daily Fintech

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 New era for Australian data collection as APRA connect goes live Congratulations to the Australian Prudential Regulation Authority!

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Trending Sources

Twitter Adds Strike API for Tips Paid in Bitcoin

PYMNTS

Digital wallet Strike announced the debut of the Strike API platform for marketplace and merchant businesses, according to a Thursday (Sept. 23) press release.

American JP Morgan cat lands among the UK digital bank pigeons and Big Five high street bank cats

Daily Fintech

Our London banker techno entrepreneur, Howard Tolman, is on holiday today so I am covering for him with a story he suggested. Our 2017 post looked at the chances of Challenger Banks breaking the massive bank concentration in the UK.

The Role of Artificial Intelligence in Pandemic Response: Lessons Learned From COVID-19

In March 2020, the world was hit with an unprecedented crisis when the COVID-19 pandemic struck. This whitepaper reviews lessons learned from applying AI to the pandemic’s response efforts, and insights to mitigating the next pandemic.

'The B2B Payments Disruption Has Started,' Plastiq CTO Tells PYMNTS

PYMNTS

For hundreds of years, a traditional karate association in Japan had been delivering its lessons in person, Plastiq Chief Product and Technology Officer Stoyan Kenderov explained. But then COVID-19 hit, and it had to retool overnight and deliver its services online.

More Trending

Circle Partners With Plaid to Drive Bank Verifications for ACH Payments

PYMNTS

Global FinTech startup and stablecoin issuer Circle is partnering with financial data aggregator Plaid to ease and speed the verification process for ACH payments and make is easier for people to move money from their bank and into USDC.

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Ex-hedge fund manager’s startup hits $2B value

BankInovation

Advance Intelligence Group, a technology startup led by former hedge fund manager Jefferson Chen, topped $2 billion in valuation after raising more than $400 million from investors led by SoftBank Vision Fund II and Warburg Pincus.

Today in Restaurant and Grocery Tech: Food Delivery Services Invest in Innovation

PYMNTS

Today in restaurant and grocery tech news, Czech online-only grocery delivery platform Rohlik Group plans to invest $469.3 million in warehouse automation, while DoorDash is reported to be investing significant funds in Berlin-based grocery delivery startup Flink.

BNPL supplements credit card debt instead of replacing it, TransUnion study finds

BankInovation

Consumers seeking buy now pay later (BNPL) credit also actively utilize credit card debt instead of replacing one with the other, according to a study released today by consumer credit reporting agency TransUnion.

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The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

US Bank: Request-For-Pay Features Help Billers Tackle Payments Visibility Issues

PYMNTS

Request-to-pay features have emerged with promises to benefit merchants, financial institutions and billers. The message exchange service allows payees or creditors to collect a payment from a debtor or payer.

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U.S. Treasury’s ransomware crackdown: What it means for banks and FIs

BankInovation

The Biden administration this week announced new security guidance to target those who facilitate ransomware payments, laying out an action plan that focuses on disrupting criminal networks and virtual currency exchanges.

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Report: 80% of B2B Transactions Expected to be Digital by 2025

PYMNTS

As more businesses are making and receiving digital payments themselves, a growing number are also requiring their business partners to do the same. It’s a trend that is clearly set to continue for the foreseeable future, new data from PYMNTS suggests.

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Remitly launches IPO at $43 a share

BankInovation

Remitly, which provides cross-border remittances and financial services for immigrants, today began trading on the NASDAQ Global Select Market. The Seattle-based fintech, with $312.6 billion in assets, priced its initial public offering (IPO) at $43 a share under the ticker symbol RELY.

AI in Manufacturing

Manufacturers want to deliver the best products on the market as quickly and ethically as possible. Learn how to solve your most urgent manufacturing and business needs with an enterprise AI platform.

42% Of Millennials Use Paper Checks To Pay Their Rent

PYMNTS

While it’s tempting to think we will see the extinction of the paper check in the not-so-distant future, the reality is that a centuries-old form of payment is still widely used, especially in certain pockets of the economy.

Changing of the guard: New CEOs at banks, credit unions

American Banker

Industry News

Customer Engagement Firm Gupshup Buys RCS Platform Dotgo

PYMNTS

Gupshup, which works in conversational messaging, has acquired Dotgo, a rich communications services (RCS) business messaging firm from New Jersey, according to a Thursday (Sept. 23) press release.

Delta variant, reduced spending on services, inflation throw wrench into global economic recovery

BankInovation

Low economic growth will likely be a defining feature of the U.S. economy and in much of the developed world as the global coronavirus pandemic stretches into 2022.

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Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Musk Calls on Dogecoin to Lower Fees for Consumers

PYMNTS

Elon Musk, the well-known Tesla and SpaceX chief, said he thinks dogecoin fees should be reduced to make cheaper purchases for things like movie tickets. His announcement caused a stir on Twitter.

A Comparison of Cryptocurrency Technologies

ATM Marketplace

Cryptocurrency is a growing revenue stream for businesses of all sizes

A Spoonful of Digital Helps in New Provider Ranking of Prescription Apps

PYMNTS

Don’t forget to take your meds. Also, don’t pay more than you should. These are messages we think are important here at the PYMNTS Provider Ranking of Prescription Apps , because we care about our readers. Touching. We know.

Inside Marketing: 4 Social Media Channels To Better Engage With Gen Zers And Millennials

William Mills

Consistently sharing the right content on the right platform will boost credit unions’ education and membership efforts. Credit unions have lost a lot of ground with Gen Z and millennials. Mainly because the majority of young adults are not familiar with credit unions.

Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

Delivery Hero Pours $200M Into German Grocery Firm Gorillas Technologies

PYMNTS

Delivery Hero has plans to invest in Germany’s Gorillas Technologies , a grocery startup, as part of a $1 billion funding round, according to Bloomberg Thursday (Sept. The new financing, per unnamed sourced quoted by Bloomberg, will value Gorillas at around $3 billion after the end of the deal.

Valley National buying Bank Leumi USA for $1.15 billion

American Banker

M&A Commercial banking

New Study Finds Self-Service Checkout Options Gaining Favor Across Demographic Groups

PYMNTS

Anyone who’s gone into a grocery store in the past year — as most grocery shoppers have — has no doubt noticed more and more people using the once-avoided self-checkout aisles.

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After State Street’s $3.5 billion deal, a scarcity of targets for rivals

American Banker

M&A Commercial banking

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The Business Value of MLOps

As machine learning models are put into production and used to make critical business decisions, the primary challenge becomes operation and management of multiple models. This report highlights some of the most impactful benefits of MLOps tools.