Fri.Dec 04, 2020

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How to streamline payables for the back-end of business

Payments Dive

Accounts payable is a necessary point of improvement for companies wanting to take their business further, yet it's often the last area to be streamlined. Rob Israch, CMO at Tipalti shares his insight on what companies should be doing to continue growth.

How To 405
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Perficient Team “Totes” Sustainability

Perficient

Our colleagues are always looking for creative ways to connect and make a difference. Our Chicago team is no different. Recently, the team got together to hold a virtual DIY night. The goal was to show just how easy it is to transform basic items into reusable ones. A No Sew Upcycle. For the DIY event, the team demonstrated how to make a tote bag out of old t-shirts.

Chicago 322
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JPMorgan Forecasts Record Online Holiday Shopping Season

PYMNTS

J.P. Morgan Chase said that brisk Black Friday and Cyber Monday sales are likely indicators of a record-breaking eCommerce holiday shopping season. J.P. Morgan Merchant Services’ combined in-store and eCommerce payments were up 15 percent over last year’s Black Friday weekend, “a sign that the pandemic did little to curtail spending as the holiday shopping season began,” Doug Smith, executive director of J.P.

Online 288
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Perficient Crosses $100,000 Milestone with Make-A-Wish Foundation Contributions

Perficient

At Perficient, we’re proud to be a company comprised of colleagues who recognize the importance of corporate giving and the impact they can make in their local communities. Whether it be through volunteering their time with a local non-profit, contributing their expertise to a special project at a charitable organization, or donating their money to those in need, Perficient colleagues are big believers in giving back.

Community 322
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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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US Bill Would Ban Stablecoins Not Approved By Gov't

PYMNTS

A new bill introduced in the U.S. Congress would make stablecoins illegal unless they're approved by the government, according to a report by Cointelegraph. Called The Stable Act, the bill will work to protect consumers from new digital payment instruments, citing both stablecoins and Facebook 's Libra ( now Diem ), Cointelegraph reported. The bill text says it will be unlawful for people "to provide any stablecoin-related service, or otherwise engage in any stablecoin-related commercial activit

US 234

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Possible Changes in BSA Requirements – Agencies Issue Notice of Proposed Rulemaking

Abrigo

Notice of proposed rulemaking (NPR). Proposed amendments would modify two. BSA rules. The Federal Reserve Board and the Financial Crimes Enforcement Network (FinCEN) (the Agencies) jointly issued a notice of proposed rulemaking (NPR). The October 23, 2020 proposed amendments, if passed, would modify two rules that have been part of the Bank Secrecy Act (BSA) regulations since 1995.

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Tune Your Episerver Find Indexes by Only Indexing Necessary IContent

Perficient

Episerver Find is a great and easy way to integrate search into your Episerver powered website. One often overlooked aspect, however, is keeping your search indexes lean. By default, Episerver will index all instances of content across your website, whether it’s Pages, Blocks, Media, or Folders- Find doesn’t care and will index all of it.

Tools 309
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Banking As A Service — Bring Corporates Into The Digital Age

PYMNTS

Banking as a Service (BaaS) is poised to change the end user experience of corporates as they navigate the daily challenges of cash flow management, supply chain activity and the need to become digital-first. In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises.

Lending 224
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Good Customer Service, Does it Create Good Customer Experiences?

Perficient

Amid the COVID-19 pandemic, businesses have had to transform how they interact and assist their consumers completely. Many retail or consumer goods businesses have had to switch from traditional, in-person shopping experiences to digital buying. This transition is never the easiest for either party, but businesses must adapt and step up their game when accommodating and providing a seamless shopping experience for their customers.

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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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Walgreens Follows Amazon And Walmart Into The Retailer-as-Ad-Agency Trend

PYMNTS

The hot new thing in “Big Retail” is offering in-house advertising on your website to your vendors – because why get paid only once on a purchase if you can get paid twice? In announcing the launch of the Walgreens Advertising Group this week, the giant pharmacy chain said that with the help of more than 9,000 stores and 100+ million loyalty members, it would use “advanced data modeling” to connect brands directly with audiences in a digital ecosystem that “surpasses the industry method of dig

Retail 216
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FTC settles first enforcement action targeting “debt parking”

CFPB Monitor

The FTC has announced a settlement of its first enforcement action targeting the practice of “debt parking.” As described in the FTC’s complaint filed in a Missouri federal district court against Midwest Recovery Systems, LLC and its owners, this practice, also referred to as “passive debt collection,” involves the placing of purported debts on consumers’ credit reports without first attempting to communicate with consumers about the debts.

Missouri 137
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Argentina FinTech Ualá Debuts Mobile POS For SMBs

PYMNTS

Argentinian mobile payments company Ualá , bolstered by heavyweight investors, is expanding into merchant services, according to Bloomberg. The investors include George Soros, Steve Cohen and Tencent Holdings. On Thursday (Dec. 3), the company rolled out a new line of services working with small- to medium-sized businesses (SMBs), a first for Ualá, according to Founder and CEO Pierpaolo Barbieri , Bloomberg reported.

Mobile 191
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Apple Pay targeted in Dutch antitrust probe into payment apps

Payments Source

Apple Inc. phones face scrutiny from Dutch antitrust regulators who are probing whether users get a free choice of financial apps with contactless payments.

Apple 128
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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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German Prosecutors Launch Investigation Into Ernst & Young’s Wirecard Audit

PYMNTS

Munich prosecutors have launched an investigation into the Ernst & Young ( EY ) audit of Wirecard AG, compounding the firm’s troubles associated with $2.3 billion that went missing at the payment company. APAS, an independent government body overseeing Germany's auditing industry, sent a letter to prosecutors before a formal investigation was opened, prosecutors told Bloomberg on Friday (Dec. 4).

Fraud 189
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Buying a bitcoin ATM: Advice from an insider

ATM Marketplace

With the ATM industry still reeling from the impact of the pandemic, some ATM sales companies look to a new currency to provide stronger revenue. Jon Weilbaker, general manager, New York ATM, shares his thoughts about bitcoin ATMs.

ATM 115
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Embedded Payments Build Flexibility For Merchants

PYMNTS

We’ll be happy, all of us, to leave 2020 in the rearview mirror. But for payments, the new year will dawn with a combination of disruption and innovation. To that end, as MerchantE Executive Vice President and Chief Product Officer Sandra Blair said in an interview with Karen Webster, the future of payments in 2021 brings omnichannel commerce to the forefront, where merchants still interact with people face to face, or online-only, or a combination of the two … but with constants: embedded payme

Payments 185
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The complexities of creating fintech and how to overcome them

Bobsguide

It’s been a hugely challenging year for the banking sector. Companies have had to think on their feet and, in most cases, quickly leverage new technology to ensure they are able to continue offering their products and services. One of the biggest changes to come from the coronavirus.

How To 107
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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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Revolut Launches Acquiring Solution For Business Customers

PYMNTS

Revolut has launched an acquiring solution for its Revolut Business starter pack, which will allow businesses in 13 European countries to accept credit card payments online. The product will feature a 1.3 percent fee for U.K. and EEA consumer cards and a 2.8 percent fee for all other cards. Revolut Business customers using paid plans will receive monthly allowances for free U.K. and EEA card payment acceptance at no additional charge, the company said on Friday (Dec. 4).

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As crypto's spotlight grows, a bitcoin ATM maker looks to pounce

Payments Source

Cryptocurrency is cooking with a fall rally and lots of attention from recognizable companies like Square and PayPal. For Daniel Polotsky, any good news for bitcoin is welcome.

Bitcoin 107
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US November Car Sales Fell, But That Doesn’t Reflect Underlying Trends

PYMNTS

Headline data showing a 15 percent drop in November U.S. vehicle sales seem startling, but industry experts say it doesn’t accurately reflect the industry’s true state. That’s because when adjusted for three fewer selling days and one less weekend, there was almost no decline at all — meaning an economically crucial rebound in U.S. car sales is still intact.

Trends 183
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6 trends fueling 2020 holiday fraud

Payments Source

There’s no escaping fraud during one of the merriest months of the year as cyber thieves are busy trying to make their own wishes come true.

Fraud 113
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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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Whole Paycheck Tracker: Walmart, Amazon Avoid Most Shipping Issues; Lean On Fulfillment Networks

PYMNTS

In order to get a share of the consumer's whole paycheck, Amazon and Walmart will need to deliver the goods. During a week where that delivery system cracked under pressure for retailers like Gap, L.L.Bean, Macy’s and Nike, it’s worth taking a look at how the two biggest retailers in the world are fulfilling their commitment to the digital-first economy.

Retail 181
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Ant, Grab win Singapore digital bank licenses along with Sea

Payments Source

Ant Group Co. and a venture led by Grab Holdings Ltd. won licenses to run digital banks in Singapore, paving the way for the technology giants to expand their financial services in the Southeast Asian hub.

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Warner Bros. Just Broke The Movie Business – Can Theaters Rebuild It?

PYMNTS

It will likely go down in history as a day that will live in infamy in the movie business. In an unprecedented move, the Warner Bros. movie studio has announced that it will send 17 films — including expected blockbusters like the “The Matrix 4,” “The Suicide Squad” and “Dune” – to its streaming service, HBO Max, on the same day they hit brick-and-mortar theaters.

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Brick and mortar's pandemic workarounds can counter digital supply-chain gluts

Payments Source

It won’t be enough for retailers to have a physical store presence or a solid e-commerce strategy without also incorporating a comprehensive communication plan, says Criteo's Tim Rogers.

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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.