Mon.Dec 07, 2020

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What is Coming to Magento Commerce in 2021

Perficient

As we gear up for 2021, I recently attended a Magento Product Roadmap webinar. It included a demo of the Magento 2.4.1. (2.4.1 release notes are available here). What I found exciting in the webinar was the announcement of what is coming in 2021, which includes four key areas: headless commerce, new B2B capabilities, intelligent commerce, and improvements to the cloud infrastructure.

Branding 520
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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising cu

Capital 356
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Reconnecting One Step at a Time

Perficient

Our Perficient teams are always looking for different ways to connect in our new normal. Recently, our Chicago colleagues got creative and thought up a new way to virtually connect while encouraging everyone to get active and healthy at the same time! Perficient’s Miracle Miles. Our Chicago team created an event called the Perficient Virtual Fitness Challenge: “Miracle Miles” for October.

Chicago 322
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NCR: Bank Disruption On The Horizon; Banking M&A Deals To Follow

PYMNTS

You’d be forgiven for thinking that, in banking, the deal is dead. The pandemic, after all, has obliterated “normal” business trends and caution reigns. NCR Digital Banking Senior Vice President and General Manager Doug Brown told Karen Webster there will be an acceleration of deal making on the other side of the pandemic, particularly as financial institutions (FIs) recalibrate and expand their digital efforts.

Google 282
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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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Modernizing the Health Plan Business Process

Perficient

Health plan organizations must conquer mountains of data, increasing regulations, and escalating consumer expectations. The digital interactions happening beyond your industry shape members’ expectations. . That’s why your digital presence matters, so you can offer services to meet their needs wherever they are. . Common Risks and Consequences for Health Plans Not Embracing Digital Transformation: Digital transformation in regulated industries, such as health insurance, can feel daunting, to s

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Outside-in lens – A need for bold change in Australian banking

Accenture

Australian banks are amongst the most profitable in the world. However, changing customer expectations, rising competition from non-banks and pressures from the regulatory landscape are posing a threat to the historically stable revenue streams. According to the latest Accenture analysis, the four leading banks in Australia will see a significant decrease in assets and deposits….

Analysis 221
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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Businesses across the globe are making radical changes to adapt to the digital-first environment emerging in the wake of the pandemic. Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build su

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Buyers' brief: The future of bank treasury tech is AI

Bobsguide

Long the bastion of cash and liquidity management, bank treasury teams do far more than position-keeping. Real-time risk management, operations, payments, and financial risk management are rolled into the business function. Over the past few years, market-leading software has become key to.

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Ikea And What Comes Next For Printed Catalogs

PYMNTS

It’s been a seven-decade-long run, but Ikea is formally saying goodbye to its printed catalog. The decision was announced Monday (Dec. 7) as the Ikea brand continues to shift itself to digital, according to published reports. Catalog readership has resultantly declined precipitously over the past several years. Published reports indicate that in the past year, Ikea has seen online sales increase by 45 percent.

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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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Exiled Hong Kong legislator calls for action after HSBC bank accounts frozen

TheGuardian

Ted Hui says move by UK’s biggest bank is act of ‘oppression’ as eight more democracy activists are arrested A Hong Kong legislator who fled to Europe has called on regulators to investigate the actions of major banks including HSBC, after his accounts and those of his wife and parents were frozen. Ted Hui is the latest pro-democracy figure to leave Hong Kong amid the escalating crackdown on dissent.

National 134
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Paydek Collaborates With Thunes On X-Border Payments

PYMNTS

British payments firm Paydek has teamed with Thunes , the international payments network, to offer a wider global reach and bolstered payment choices to clients, according to a Monday (Dec. 7) announcement. Paydek’s infrastructure supports an extensive international base of people and businesses as clients, with handling payments to more than 160 nations.

Payments 239
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A vaccine won't halt the march away from cash

Payments Source

Once vaccines are widely available, some Americans may revert to old habits of paying cash and swiping cards, but many will stick to digital and mobile payment methods, says Paysend's Matt Montes.

Mobile 123
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Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow

PYMNTS

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still don’t is unacceptable, GeoGuard CEO David Briggs told Karen Webster in an interview. “Two-thirds of all banking apps don't ask for location at all,” Briggs said. “They’re not even in the ball game. But the consumer doesn't even know [banks] haven't asked for location.

Fraud 232
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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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How merchant social media gateways became new fraud traps

Payments Source

Crooks are hiding payment skimmers within plain sight on retailer websites, using social contact buttons in a way that's hard for security protection to spot.

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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

Business email compromise (BEC) scams continue to ravage company coffers. Indeed, the last week has seen the emergence of even more examples coming to light. Just last week, IBM cybersecurity experts uncovered a widespread BEC attack targeting players in the coronavirus vaccine supply chain. According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions.

Fraud 228
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VCs bullish on 2021 for distributed finance, B2B tech

Payments Source

E-commerce and digital finance are expanding quickly due to the pandemic, economic downturn and plans for recovery — providing opportunities for VCs that back technology that powers faster, more digital payments.

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New Data: Tracking The Consumer, Merchant Digital Shift Down Under

PYMNTS

The digital shift in retail is a global phenomenon. Amid the ongoing pandemic, a growing share of consumers the world over are turning to mobile devices and laptops to do their shopping or to make their trips to brick-and-mortar stores more efficient. Yet how consumers are actually using digital tools to enhance or transform their shopping experiences depends greatly on local circumstances, including cultural preferences and technological development.

Data 191
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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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$9 billion on Black Friday, $10.8 billion on Cyber Monday. And we’re just getting started.

Matt Wilcox Pro

“Black Friday” and “Cyber Monday” are fast becoming misnomers. For decades the former referred to the biggest retail shopping day of the year, while the latter referred to the fairly recent phenomenon of online shopping. These days the terms are all but interchangeable, referring overall to the biggest retail and online shopping month. And it’s […].

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Capital One Halts BNPL Transactions On Its Cards

PYMNTS

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. 7). A spokeswoman for the third largest credit card company told Reuters that it will stop taking “transactions identified as point of sale loans charged on its credit cards, regardless of the point of sale lender.

Capital 184
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TransferGo to use Mastercard Send to expedite European money transfers

Payments Source

TransferGo will use Mastercard's push payment service to support near real-time money transfers for European customers.

Payments 105
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Amex: On-Demand Working Capital Solutions Let Buyers, Suppliers Pick Their Payments Day

PYMNTS

At a time when the pandemic has fueled a surge in creative corporate payment solutions, American Express has revamped its Early Pay supply chain solution to allow large companies and their suppliers to choose when they will pay or get paid. Daniel Brachfeld , Amex’s general manager of supply chain solutions, told PYMNTS CEO Karen Webster that the new digital platform combines traditional supply chain finance and transaction banking into one.

Capital 184
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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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R Bank (Texas) R Best Checking Available Statewide

BankDeals

R Bank (Texas) is currently offering its high-yield reward checking account, called R Best Checking, on a statewide basis through an online application.

Texas 103
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Uber Sells Self-Driving Car Unit

PYMNTS

Self-driving car company Aurora is going to be buying Uber 's self-driving technology unit, Advanced Technologies Group (ATG), according to a press release. The deal, subject to regulatory approval and closing conditions, is expected to close in the first quarter of 2021, the release stated. The acquisition will help to accelerate Aurora's vision for the self-driving vehicle space, the release stated.

Arizona 183
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Access Denied: Allocation and exacerbation

Payments Source

The flow of assets and capital in manager selection, municipal bonds and business and mortgage capital reveals forms of systemic racism that often get overlooked.

Capital 85
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Five Fast Facts: The Australian Vs American Consumer

PYMNTS

The pandemic has changed global consumer dynamics, perhaps forever. But that doesn’t mean everyone has changed in the same way or to the same degree. And, in fact, as PYMNTS has surveyed consumers worldwide over the course of the pandemic, those differences are snapping increasingly into focus. The PYMNTS Global Shopping Index series examines four key markets: Australia, Brazil, the United Kingdom and the U.S.

Cards 182
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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.