Wed.Aug 14, 2019

Is transparency a good thing?

Chris Skinner

Who wants transparency when you can have magic? Do you watch The Crown? If not, maybe you should as Series 3 is about to begin with Olivia Coleman, a great actress.

Achieving Compliance in Record Time - AADHAAR TOKEN GATEWAY

Mobile Payments Today

India’s leading bank leverages FSS Aadhaar Token Gateway to tokenize 5M Aadhaar records and protect customer data against breaches. Learn more

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Things worth reading: 15th August 2019

Chris Skinner

Why SellersFunding sees an opportunity with Amazon, eBay merchants

Bank Innovation

As e-commerce merchants’ needs become more complex, the ecosystem of small-scale lenders continues to expand to meet demand. On Wednesday, U.S.-based based e-commerce loan provider SellersFunding announced its expansion plans to Canada and the U.K.,

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Alleged CapOne Hacker Might Have Stolen Data From 30+ Companies

PYMNTS

Paige A. Thompson , who has been accused of hacking into Capital One ’s cloud and compromising the data of 100 million people, may have also hacked into upwards of 30 other companies, according to a Bloomberg report.

More Trending

 As Supply Chains Enter Digital Age, Onboarding Plays Catch Up

PYMNTS

Making the leap to better supplier onboarding — through digital, rather than paper — means breaking down the silos.

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German payments giant Wirecard targets US with new app

Bank Innovation

Wirecard, a Germany-based payments firm that works with brands and retailers, recently launched its first U.S. mobile application in an effort to expand its reach across the Atlantic. The 20-year-old publicly-traded company, which recently reported consolidated revenues of $1.3

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Banks Tap FinTechs For Remittance Overhaul

PYMNTS

The cross-border payment market is thriving, and trends are expected to continue over the next few years. In fact, cross-border payments are expected to reach $240 billion in value by 2024. For these transactions to run smoothly, however, communication must remain seamless and secure.

CIT buys Mutual of Omaha Bank to reach homeowners associations

Bank Innovation

CIT Bank will acquire Mutual of Omaha Bank for $1 billion in cash and stock to help grow its deposit and commercial banking business, the company confirmed on Tuesday.

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The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

FinCen Director On Why Casino Cooperation Is Central To Fighting Financial Crime 

PYMNTS

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. Blanco took to the stage at the 12th Annual Las Vegas Anti-Money Laundering Conference yesterday (August 13).

The SAFE Banking Act Update – Is Regulation for Banking CRBs on the Horizon?

Abrigo

Many in the financial crimes community have been waiting for some sort of guidance on banking cannabis-related businesses. The Secure and Fair Enforcement (SAFE) Banking Act was introduced to address the cannabis banking issue and the accompanying lack of banking services to the cannabis industry, forcing significant amounts of cash to be stored in vaults or underground.

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How Faster Payments Can Help Retain Employees

PYMNTS

New developments could speed up instant payments in the U.S. Last week, the Federal Reserve announced it would give some competition to The Clearing House’s Real Time Payments (RTP) with its own real-time payments service, FedNow.

The Fed's public option for faster payments does more harm than good

Payments Source

Were the Fed to develop its own payments platform, it would be expensive, duplicative, inefficient, and curtail development of real-time services, argues the National Taxpayers Union's Thomas Aiello. ISO and agent Faster payments Payment processing Banking Central banks Real-time payments

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

New Zealand Paves Way For Crypto Payroll

PYMNTS

New Zealand will now allow employers to compensate their workers in cryptocurrency, reports in Blockchain News said Tuesday (Aug. New Zealand tax authorities published a ruling this month that includes guidance for employers that wish to pay their staff in cryptocurrency.

Contents Cover- the under-served aspect of property insurance innovation

Daily Fintech

image TLDR Consider: Structure losses– estimated to the nearest square foot or square meter. Plenty of automated tools and techniques, and plenty of auditing for consistency. Contents losses– manual assessment and data entry.

Bento Launches Email-Powered B2B Invoices

PYMNTS

Business expense management firm Bento is introducing a new solution, Bento Pay, which allows business owners to make payments using only an email address. In a press release Tuesday (Aug.

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Europe's strong authentication regs mired in confusion

Payments Source

Payment companies have made substantial investments into new identity rules in Europe, but the deadline has become a moving target with different agencies offering conflicting or unclear guidance. Compliance Fintech APIs Europe

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

PayPal Wants To Capitalize On India’s Mobile Growth

PYMNTS

As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers.

Can a Venmo alternative work without the social hook?

Payments Source

Tipping the valet can be tough without cash in hand. It’s only one of many cash-payment scenarios that don't translate well into digital payments, where P2P apps typically emphasize social connections over anonymity. P-to-P payments Mobile payments Digital payments

Handling Unstructured Data In Procure-to-Pay

PYMNTS

Corporates have a lot on their plate when it comes to digitization, cloud migration, data security and overcoming silos between back-office platforms opens a world of opportunities for businesses to boost efficiency and improve bottom lines — but it’s no easy mountain to climb.

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Lessons from the Capital One Data Breach

Gonzobanker

Let’s be honest. When most financial executives read the headline “Capital One Data Breach,” they had two thoughts: How is this going to impact the financial sector? Thank goodness it wasn’t my institution! It’s not that executives are unsympathetic.

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Credit Karma Displayed Account Info To Wrong Users

PYMNTS

Credit Karma users took to Reddit and Twitter on Wednesday (Aug. 14) to complain that when they logged in to the service, they were given other people’s account information, according to a report by TechCrunch.

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Done right, regulatory sandboxes can promote competition

Payments Source

Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage. Fintech regulations Fintech Innovation Consumer banking Payments CFPB OCC

Macy’s Rough Earnings Ride And The Troubled Future Of The Department Store 

PYMNTS

There are earnings misses, and there are big earnings misses, and Macy’s spring quarter results Wednesday (Aug. 14) were far more a case of the latter than the former.

Racial divide exposed in lending to the smallest of small businesses

Payments Source

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.