Thu.Jul 11, 2019

The regulator’s view of Facebook’s Libra currency

Chris Skinner

A lot of discussion at the United Nations, where I’ve been all week (blogging about that next week), has raised the question of Libra, the Facebook digital currency.

As PSD2 deadline draws near in Europe, calls for delay grow louder

Mobile Payments Today

As the mid-September deadline draws closer to tighten authentication rules for commerce transactions, an increasing number of banking, merchants and payments processors say the industry is not quite ready to flip that switch

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

No hoodies or garages: Huddl’s Corliss on his move from big finance to startup

Bank Innovation

At first glance, Stephen Corliss, whose resume includes senior roles at Blackrock and UBS, seems an unlikely candidate to lead a startup. But Corliss, 50, wants to use his experience from the world of big finance to help solve problems for customers of more modest means.

Cannabis Law Reform Gains Momentum In Congress

PYMNTS

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports.

Startup Branch wants to build a money services platform for hourly workers

Bank Innovation

With the growth of digital finance tools, a group of startups is looking to reach those who may be left behind, namely hourly workers.

Sales stories from the front lines: Lessons from clients in driving sales behavior

Insights on Business

Sales is the lifeblood of business.

Beyond Correspondent Banking – Time For Cryptos And Blockchain?

PYMNTS

There has been, seemingly, a parade of announcements geared toward bringing B2B payments into the digital age, bringing about the end of paper, speeding the time for settlement of transactions and making payments across borders cheaper and more transparent.

More Trending

How Delta’s Customer Service Is Riding An AI Tailwind

PYMNTS

Consumers today want more from customer service than a long wait time and broad answers when getting through to a human agent by phone.

Startup Branch wants to build a money services platform for hourly workers

Bank Innovation

With the growth of digital finance tools, a group of startups is looking to reach those who may be left behind, namely hourly workers. Among them, Min. Carousel Daily Post 1 Payments Retail Banking Startups branch Earnin Even Mastercard

Tools 139

Mastercard Teams With Hertz To Allow Rentals With Debit Cards In Europe

PYMNTS

To offer customers greater choice and convenience in time for the summer holiday season, Hertz , Dollar and Thrifty are welcoming debit cards at selected European locations.

Cards 220

N26 banking on ‘pure-play’ approach to US market with checking account, debit card

Bank Innovation

Carousel Innovation Strategy Premium Retail Banking Startups

US 139

Fed Chairman Calls For Libra Freeze; Bitcoin Slumps

PYMNTS

The chairman of the U.S. Federal Reserve called for a stop to Libra , Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going to address issues like money laundering and privacy, according to a report by Reuters. Jerome Powell testified before the U.S.

NCR Acquires D3: So What?

Gonzobanker

New leadership could mean renewed energy and competitive spirit at NCR. The digital banking system market is as hot as summer in Atlanta as witnessed by NCR ’s acquisition of D3 Technology last week.

The Sharing Economy’s ‘Rotating Wardrobe’ Subscription Prescription

PYMNTS

To help make fashion more accessible to consumers, eCommerce innovators are allowing shoppers to rent their clothes and accessories through subscription box services. Take Parcel22 , which offers access to trends and styles in exchange for a flat monthly fee.

An insider's guide to thwarting a growing ATM attack vector

ATM Marketplace

In a transaction reversal fraud attack, a fraudster tricks the ATM into thinking no cash was dispensed, so the host typically does not debit the account. These low-tech attacks are actually quite easy to fix, if you know how

ATM 114

Lululemon Brings Experiential Store To Chicago

PYMNTS

As Lululemon looks to compete with Amazon and differentiate itself, the fitness apparel retailer is opening a massive store in Chicago. The location, which is in the city’s Lincoln Park neighborhood, is 20,000 square feet, CNBC reported.

1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There

CB Insights

Technological innovation across the financial services space is growing. Companies are developing products and services aimed at transforming the consumer experience across everything from credit monitoring to personal finance. As a result, consumer adoption is at an all-time high.

Airbnb Rival Sonder Reaches Unicorn Status 

PYMNTS

Sonder, a rental startup, has reached a valuation of over $1 billion after its latest funding round, according to a report by TechCrunch. The company rents boutique apartments that are like hotel rooms, and allows people to stay in them anywhere from two day to two years.

The Rise of India Blockchain, Cryptos lagging – Mistake or Opportunity?

Daily Fintech

It’s an emotional week for Indians – for most of them atleast. It’s a week when India crashed out of the cricket world cup, that they were favourites to win.

The Retail Innovation Race Pits Products Vs. Services

PYMNTS

Innovation takes many flavors and paths, and that’s especially true when it comes to merchants who sell retail products and companies that sell retail services. And payments plays a big role in all those efforts — even though many companies don’t yet to seem to realize how to get the most from transactions.

Is Banking Having Its AWS Moment?

CB Insights

After Amazon Web Services launched in 2006, the ability to launch a software company became dramatically easier as costs declined. The rise of AWS ushered in a wave of new seed-stage startups.

Mastercard, OpenText Partner For Auto Supply Chain Financing

PYMNTS

Two global leaders have joined forces to help increase financial efficiencies across automotive industry supply chains.

Securing Your Web API Using Azure Active Directory

Perficient Financial Servies

Large or small, all companies need web security. And what better way to secure your ASP.NET Core Web API than using Azure Active Directory? Given MVC-style apps are the dominant force in the market nowadays, the majority of documentation on the matter focuses here.

Subscription Commerce’s ‘Fear Of Commitment’ Moment

PYMNTS

It’s one of the blessings and curses of subscription eCommerce: As easy as it can be to sign up consumers for one such service or another, it can be just as easy for that consumer to leave that service after a month or two. Indeed, some 71 percent of digital media consumers planned to cancel their subscriptions within one year after just one month of service, according to PYMNTS research.

Maine 174

Perficient Named a 2019 Best and Brightest Company to Work For

Perficient Financial Servies

We are exited to announce that Perficient has been designated a 2019 Best & Brightest Company to Work For. Our Chicago colleagues have won this award previously in the past three years.

Challenger Bank VibePay OK’d By UK FCA

PYMNTS

London-based VibePay has won approval from the U.K. Financial Conduct Authority (FCA) to provide direct-to-bank payments via open banking. VibePay will launch its first product, a consumer app, in September. It will allow friends to plan gatherings and pay in groups.

Taxes 174

Measuring the Effectiveness of Your FinTech Marketing Efforts

William Mills

For years, marketers depended on broad reporting statistics for their fintech marketing campaigns. CMOs evaluated their print ads, billboards and commercials on cost per impression, readership, viewership, etc.

RiverPay Facilitates Payments Via Alipay, WeChat At Harrods

PYMNTS

Integrated payments and marketing platform RiverPay has announced that it is facilitating payments through Alipay and WeChat Pay at Harrods’ Knightsbridge store in London, according to a press release.

System 169

Why Cloud in Healthcare?

Perficient Financial Servies

Previously, I discussed the benefits of adopting cloud into the healthcare industry. In this post, I want to address the main question; why implement cloud in healthcare? Cloud is more than a place to store data; it has become an ecosystem of tools for enterprises to make the most of their business.

Docs Show Walmart Lobbied US Gov About India eCommerce Rules

PYMNTS

Reuters is reporting that Walmart communicated privately with the U.S. government in January of this year about India’s new rules for eCommerce, and how they would impact the company.

How Prime Day is a win for Walmart, Target

Payments Source

It’s higher stakes than usual for some of Amazon’s biggest rivals—including Walmart—as the e-commerce giant’s 48-hour Amazon Prime Day event nears. Online payments Mobile payments Retailers pso cardline lead Amazon Walmart Target

The Accounts Payable Conundrum: Same-Day ACH Vs Checks

PYMNTS

Accounts payable can be a contradiction showcasing the frustratingly slow pace of B2B payments digitization.

Survey 168

How Libra forces politicians to scale crypto's steep learning curve

Payments Source

As Congress and the SEC were taking steps to regulate alternative currencies, they required a deep knowledge of the cryptocurrency market and technologies. For those who put off their crypto education, Facebook's Libra is a wake-up call. Compliance Libra Cryptocurrencies pso cardline lead Facebook

N26 Rolls Out US Mobile Banking

PYMNTS

Through a staged rollout in which 100,000 customers on the U.S. will be invited to sign up and have full access to its product, N26 Inc. is launching its banking app in the United States. The company is a U.S.

US 161

Why faster payments could be a boon for hourly workers

Payments Source

Often overlooked as prospects by financial services institutions who have increasingly focused on the wealthy, hourly workers represent a massive pool of underserved consumers with distinct financial needs. Faster payments Payroll pso cardline lead

Voice Data Leak Prompts Google To Refresh User Policies

PYMNTS

Google is reviewing its privacy policies after a report showed that contractors were given sensitive audio information, including private conversations and personal information that could identify users, according to a report by TechCrunch.

Hacking Compliance Culture

Breaking Banks

Making change is hard and slow. Innovators blame compliance. Compliance blames regulators. But what happens when regulators themselves decide to become the innovators?