Payments Dive

DECEMBER 31, 2018

As we close out the year 2018, we present a look back at the most read articles and contributor pieces related to the mobile payments industry.

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Bank Innovation

DECEMBER 31, 2018

It was a tough year for cryptocurrencies. Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase. Bitcoin, specifically, which was trading at almost $20,000 at the beginning of the […].

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PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. If that’s not disturbing enough, 28 percent of those incidents were perpetuated by insiders.

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Bank Innovation

DECEMBER 31, 2018

Bank Innovation’s five picks for companies that made noise in fintech this year may not include any banks, but it does include a company owned by a collection of them. Indeed, as far as innovation is concerned, 2018 was the year of the fintechs and nonbanks -- some friendlier to the traditional players than others. […].

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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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PYMNTS

DECEMBER 31, 2018

Some popular apps for Android smartphones are feeding data to Facebook without user consent, which could be a breach of the European Union’s (EU’s) General Data Protection Regulation ( GDPR ). When looking at 34 Android apps, the campaign group Privacy International discovered that at least 20 — including Skyscanner , TripAdvisor and MyFitnessPal — immediately send certain data to the social media site before users are asked for permission.

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PYMNTS

DECEMBER 31, 2018

Call it a long day’s journey into … twilight? At this writing, bitcoin’s price hovers around $3,807. The nadir has been a bit more than $3,100, and not far behind us, in the rear-view mirror looking back little more than a year, was an all-time high of nearly $20,000. Long ago and far away, bitcoin enthusiasm was measured in dollars, and what a difference a year makes.

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Independent Banker

DECEMBER 31, 2018

. “We look forward to serving you and your community bank in the year ahead.”. Happy New Year, community bankers! I hope you all enjoyed the holidays and are ready to start 2019 off right with all that ICBA has to offer. I’m of course talking about advocacy, education and innovation: the three pillars for which ICBA is known. I know many of you are eager to get started on your New Year’s resolutions.

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PYMNTS

DECEMBER 31, 2018

Carleigh Jaques, SVP, global head of merchant digital products at Visa , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. For decades, the interaction at the point of sale was wholly focused on one thing — processing a transaction. It was an experience anchored in a fixed location that was dependent on and defined by power and connectivity capabilities.

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Matt Wilcox Pro

DECEMBER 31, 2018

Ambrose Bierce defined resolute as “obstinate in a course that we approve” and year as “a period of 365 disappointments.” Taking them together, one might define New Year’s resolutions thus: A chance at 365 disappointments while trying to hold to a course that we approve. I realize resolutions are supposed to be positive.[1] But a look at their lighter side may [.

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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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PYMNTS

DECEMBER 31, 2018

Matt Redwood, head of self-service at Diebold Nixdorf , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. Self-checkout has been around for 15 years — we’re all accustomed to seeing SCO point-of-sale terminals at the grocery store. Self-service has woven its way into so many of our daily activities, from paying for gas to checking into a flight.

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Payments Source

DECEMBER 31, 2018

The U.S. fintech hopes its service will help encourage financial inclusion in Mexico, where 65 percent of the population is in the informal economy.

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The Paypers

DECEMBER 31, 2018

(The Paypers) The foreign direct investment (FDI) norms related to ecommerce companies should be implemented on domestic online players also, CAIT has proposed.

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Payments Source

DECEMBER 31, 2018

Mastercard has entered a partnership with Sri Lanka telecommunications and mobile network operator Dialog Axiata PLC to support mobile payments on Dialog devices.

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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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Bankelele

DECEMBER 31, 2018

Following an earlier ranking of the top banks based on their asset size at the beginning of the year, what are Kenya’s top banks likely to be, nominally based on asset size at the end of the year? In 2018, Interest rate caps and IFRS9 have had an impact on bank performance while the departures of Imperial and […]. The post Bank Rankings 2018 Part II: New Entrants appeared first on Bankelele.

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Payments Source

DECEMBER 31, 2018

The information you need to start your day, from PaymentsSource and around the Web: PNC tests a screen card; Grab funding grows; wearable tech in China; and more.

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Cards 67

The Paypers

DECEMBER 31, 2018

(The Paypers) Ethereum developer team Enjin has announced the release of EnjinX , an ad-free universal blockchain explorer designed to make Ethereum data more accessible.

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Payments Source

DECEMBER 31, 2018

With managers able to approve employees spending via an app on their phone, it empowers employees, shows they are a trusted member of the team and gives them confidence that their employer is forward-thinking, investing in the latest technology to give them the tools they need perform, according to Nick Campbell, head of product strategy and innovation at Fraedom.

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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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The Paypers

DECEMBER 31, 2018

(The Paypers) UCPB has launched a new payments service that enables clients to transfer funds in real-time to other Philippine bank accounts through the bank’s facilities.

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Payments Source

DECEMBER 31, 2018

Merchants will need to feel comfortable that enough of their vendors will also accept crypto, writes Jared McClure, co-founder and COO of CrayPay.

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The Paypers

DECEMBER 31, 2018

(The Paypers) Bank Islam Malaysia has released SnapNPay, a mobile payments app that allows users to contribute to Sadaqa House, a social finance initiative launched by the bank earlier in 2018.

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Payments Source

DECEMBER 31, 2018

The National Bank of Kuwait is leveraging Ripple’s blockchain technology for a new cross-border payments service.

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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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The Paypers

DECEMBER 31, 2018

(The Paypers) Islamic International Rating Agency has assigned the international scale ratings of ‘AA- / A1 to The International Islamic Trade Finance Corporation.

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Social Assurance

DECEMBER 31, 2018

Are you ready to pop the champagne and celebrate the start of 2019? Tonight you will hear — or sing if you’re brave — the familiar Happy New Year tune “Auld Lang Syne.” This song, meaning “time gone by,” has our team reflecting on some milestones that have impacted social and digital media. As we wrap up 2018, here are a several milestones our team is reflecting on, plus a current status update: 2006: Myspace reigns as the most popular internet site — marking more unique visits than Google itse

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The Paypers

DECEMBER 31, 2018

(The Paypers) Hong Kong-based financial technology company Velotrade Management (Velotrade) has launched the city’s first account receivables financing platform.

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The Paypers

DECEMBER 31, 2018

(The Paypers) China-based transport management platform oTMS has completed its Series C1 strategic financing round from China Merchants Venture Capital Management.

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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.

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