Fri.Dec 11, 2020

article thumbnail

Reading The Tea Leaves Of Post-Pandemic SMB Lending

PYMNTS

During periods of volatility and uncertainty, it can be next to impossible to plan for the long-term future. That's especially true for small and medium-sized businesses today, which, while hoping to plan for growth in the coming years, are more often looking toward resources that can help them survive in the next few weeks and months. While initiatives like the PPP (Paycheck Protection Program) initiative have helped many SMBs access the capital they need to continue operating in the short term

Lending 233
article thumbnail

Fintech women of distinction

Payments Dive

NYC Fintech Women announced its second annual, 50 Inspiring Fintech Females awards. There were more than 400 nominations for recognition in five different categories. Mobile Payments Today interviewed a few of the winners to get their reaction to being selected and get their advice for women in the industry moving forward.

Fintech 545
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Using Health Checks in Red Hat OpenShift 4.5

Perficient

Health checks are an important part of containerized application deployments in Red Hat OpenShift. In OpenShift 4.5 , Red Hat added startup probes as a third option besides readiness and liveness probes, and also brought the configuration of these checks back to the web interface, making it easier for developers. In this article, I’ll describe the three types of health checks, the three different methods for implementing them, and give some recommendations for making the most of the health check

Policies 322
article thumbnail

Gamechanger: Understanding Central Bank Digital Currency

Accenture

As the world increasingly digitalises, industries around the globe are integrating new and innovative technologies and digital products to capitalise on the transformation. In Finance, one of the key developments is the possible introduction of central bank digital currencies (CBDCs) to offer more diversified formats of central bank money. CBDC is set to have profound….

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

Implementing Workflow in Sitecore: A Mini-Series Part 7 – Speeding Up The Process

Perficient

The benefits of implementing workflow in Sitecore does not come without its cons. As with any business process, the more stop gates you add to getting your content live makes the work more cumbersome. In our Simple Workflow, you have to lock and edit to create a “Draft” item. After saving your changes, you then have to submit your item for approval.

Data 322

More Trending

article thumbnail

Implementing Workflow in Sitecore: A Mini-Series Table of Contents

Perficient

Welcome to my Mini-Series! In my Mini-Series, I take you from beginning to end in creating a simple workflow from scratch. Use this Mini-Series to help empower your business with workflow! Implementing Workflow in Sitecore: A Mini-Series Part 1 – Overview. Implementing Workflow in Sitecore: A Mini-Series Part 2 – Workflow States. Implementing Workflow in Sitecore: A Mini-Series Part 3 – Applying Workflow.

322
322
article thumbnail

Gift Cards Poised For Big Role In Post-Pandemic Purchasing

PYMNTS

While the COVID-19 pandemic will eventually come to an end, many of the changes it has brought will likely persist into the future. Digital has certainly advanced further and faster than anyone predicted at this time last year, and the ground that’s been taken is unlikely to ever be surrendered back, Helena Mao , vice president of global product strategy for payment solutions at Blackhawk Network , told PYMNTS in a recent conversation.

Cards 291
article thumbnail

Outcomes: The Business Value of Experience Design (Part 2 of 8)

Perficient

This is the third in a series of blog posts sharing the results of our study on the business value of experience design. In this post, we explore the value of outcomes: ensuring that every user interaction is building and delivering on the business outcomes that the company is investing in. As a kid I was enthralled (like everyone around me) by the Star Wars universe.

article thumbnail

Digital-First Economy Improves Automotive Customer Experience

PYMNTS

The digital-first economy was huge factor in automotive sales this year, as evidenced by a new report from JD Power. The research company’s annual sales satisfaction index showed that decreased showroom traffic caused by COVID-19 shutdowns fast-tracked dealer adoption of digital selling tools. “The more shoppers are exposed to remote communication and actual online buying options, the more they may prefer these methods in the future over traditional showroom visits to wade through inventory and

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

Mastercard to cut Pornhub ties; Visa suspends use pending probe

Payments Source

Mastercard said it won’t allow its cards to be used on Pornhub.com after the network’s review of the website uncovered unlawful content, and rival Visa is suspending acceptance of its cards on the site pending completion of its own investigation.

Cards 142
article thumbnail

Visa's Cybersource: The Frictionless Fix Is In For Physical Retail’s Broken Business Model

PYMNTS

Although much of the 2021 holiday season will be very different than anything that came before it, some of the changes are easier to anticipate than others. Discussing the most recent edition of PYMNTS’ Global Digital Shopping Index , Michele Herron , Cybersource ’s senior vice president of strategy and insights, told Karen Webster that much of the data confirms what we already knew — or at least strongly suspected.

Retail 273
article thumbnail

Mastercard suffers legal setback in European interchange battle

Payments Source

The U.K. Supreme Court has rejected Mastercard’s attempt to force individual lawsuits over claims the card brand overcharged consumers and negatively impacted competition for more than a decade.

Branding 122
article thumbnail

Costa Rica’s OMNi Super App Tackles Its Fifth Vertical

PYMNTS

In less than two years, Costa Rica’s OMNi has gone from a modest platform with 1,000 bicycle shares in the Latin American country’s capital to become the nation’s dominant and uncontested super app. By bringing modern digital technology and payments expertise to existing businesses, the startup has been able to double its offerings – and then double them again – at a time when the world was contending with the coronavirus.

Industry 270
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

PayPal introduces new fee for dormant accounts

TheGuardian

Users must sign in before next week’s deadline to prevent being charged £9 a year PayPal is to introduce a £9 “inactivity” fee for anyone whose account has been dormant for at least a year, but still has some money left in it. From 16 December, the annual fee will be charged, or the entire balance, if less. Continue reading.

109
109
article thumbnail

COVID Surge Prompts Gov. Cuomo To Again Shutter NYC Indoor Dining 

PYMNTS

The struggling New York City restaurant industry was dealt a blow on Friday (Dec. 11) when New York Gov. Andrew Cuomo ordered indoor dining to cease effective Monday (Dec. 14) due to the acceleration of the coronavirus. . “You’re going to see a bad December, a bad January. How bad is the question,” Cuomo said during a news conference in Albany, per numerous news outlets.

article thumbnail

Why i2c bets crypto will go mainstream

Payments Source

During his 18-year run at Visa driving innovation and strategic partnerships, one of Jim McCarthy’s frustrations was seeing how long it sometimes takes for financial institutions and issuers to embrace new technology.

article thumbnail

US Household Worth Reaches All-Time High Of $123 Trillion

PYMNTS

The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 trillion, as stock portfolios and real estate prospered, according to a report from the Federal Reserve. The report highlights a recovery from the COVID-19 pandemic's economic woes that has benefited Americans unevenly, favoring mostly the wealthiest people in the country as the less fortunate still struggle.

US 266
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

No-deal Brexit: Bank of England warns of market instability and financial disruption

TheGuardian

Threadneedle Street says UK banking well prepared for economic shocks but EU-based customers may face issues The Bank of England has warned of volatile financial markets from a no-deal Brexit and disruption for customers of UK and EU banks should the two sides fail to strike an agreement before the end of the month. As the chances of a dealappeared to fade, the pound fell on Friday morning by almost 1% against the US dollar to $1.3178.

article thumbnail

eBay: Offline Payment Preferences Are Changing Online Habits

PYMNTS

The pandemic is proving to be a tough loyalty test for retailers, as they are competing for customers’ attention in an environment where competition is still present in both online and in stores. One recent study found that 51.7 percent of United States consumers have made at least one purchase with new brands since the start of the global health crisis, for example, driven to try out new merchants due to either lower prices or the expectation of a more convenient experience.

Online 241
article thumbnail

Bellco Credit Union's Boost Interest Checking Available Nationwide

BankDeals

Bellco Credit Union's (easy membership) Boost Interest Checking has maintained a competitive rate on qualifying balances up to $25k for more than five years.

105
105
article thumbnail

Five Fast Facts You Might Have Missed On Digital Grocery

PYMNTS

While digital grocery shopping isn’t an entirely new phenomenon, it’s undeniable that the pandemic period has accelerated its progress in ways that would have been nearly unimaginable even eight months ago. Grocery has truly become a multichannel shopping journey this year, as consumers have shifted to using several different purchasing channels to buy groceries.

Study 240
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

Weekly Wrap: Banks boost RPA budgets, and Finastra jumps on KYC automation

BankInovation

This week, Bank Innovation dove into data that shows inefficient business processes are pushing bank employees to want to quit. Meanwhile, another data set showed banks are planning to boost the budget for robotic process automation (RPA) endeavors. And finally, new technology from a Tel Aviv-based fintech is automating the know your customer (KYC) and […].

article thumbnail

Cleo Raises $44 Million In Series B For Digital Financial Adviser Platform

PYMNTS

Cleo has raised $44 million in a Series B financing to expand its digital financial adviser platform targeted at Gen-Z consumers, the company announced Friday (Dec. 11). The round was led by EQT Ventures and joined by existing investors Balderton Capital, LocalGlobe and SBI. Cleo’s other investors include Taavet Hinrikus, Matt Robinson, Errol Damelin, Niklas Zennstrom, Alex Chesterman and Ian Hogarth.

article thumbnail

£14bn Mastercard class action gets green light from court

TheGuardian

Almost every UK adult could get payout if case over alleged overcharging succeeds A £14bn class action against Mastercard for allegedly overcharging 46 million British consumers during a 15-year period has been given the green light to proceed. Almost every adult in the UK – even if they never had a MasterCard – could receive a payout of up to £300 from Mastercard after a supreme court ruling paved the way for the class action lawsuit.

Cards 93
article thumbnail

How Accountants' AR Builds A Better Client Experience

PYMNTS

Manual accounts receivable (AR) processes are a headache for any administrative professional. In the accounting profession, manually having to determine the fiscal value of services provided, and creating physical documents to bill clients, is a significant use of valuable time that could otherwise be spent on driving revenue for the firm. Not only do legacy AR processes create inefficiencies for accountants and their organizations, but according to Anduin Co-founders Justin Adams and Pat Morrel

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.