ATM Marketplace
OCTOBER 6, 2020
The future of cash has been a topic on many minds in the ATM Industry. The coronavirus pushed a tremendous amount of cash and bank customers to the digital arena. Steve Villegas, VP of Payment Partnerships in North America gives his opinion on whether cash will be on lockdown forever.
Perficient
OCTOBER 6, 2020
To say the world has changed this year would be an understatement. In every part of life, we have had to learn and adapt, and business is no different. The truth is that your business will never be the same. The world today is digital first more than ever, and your business must adapt to meet the need of your consumers – both internally and externally.
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Payments Dive
OCTOBER 6, 2020
For the unbanked, being able to establish credit is almost unattainable. The unfortunate scenario is many of those classified as a bad risk could realistically be one of the most credit worthy customers. Peter Barcak, CEO and founder of CredoLab PTE Ltd, explains how using AI technology can determine if a customer is risk-worthy.
Perficient
OCTOBER 6, 2020
Perficient’s Life Sciences practice regularly monitors the software release notes for several Oracle Health Sciences applications, including: Argus Safety. Oracle Clinical/Remote Data Capture (OC/RDC). Thesaurus Management System (TMS). Generally speaking, we review release notes at the beginning of each month for the previous month. On occasion, there are no new releases and, therefore, nothing to review; however, we post a fresh version monthly to eliminate confusion.
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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
PYMNTS
OCTOBER 6, 2020
Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. 5), issued by Synchrony and powered by the Visa network – is aiming for something different than just another card launch. Darrell Esch , Venmo’s senior vice president and general manager, told Karen Webster in a conversation shortly before the launch that Venmo is trying to
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 6, 2020
For small- to medium-sized businesses (SMBs), better cash flow management through mobile app? To that end, Monit said last week that it is rolling out its mobile finance platform to help give smaller firms more visibility into cash flow management. The app works across browsers deployed across tablets, mobile devices or desktops. In terms of mechanics, enterprises using the platform can receive cash flow predictions with dynamic cash flow views and customized suggestions how best to use funding
Payments Source
OCTOBER 6, 2020
Bank bill-payment sites have become less relevant over the last decade as more people go to billers’ websites to pay directly or use billers' mobile apps — often at the last minute. But the COVID-19 pandemic could flip the script on the $4.6 trillion bill-payment sector.
PYMNTS
OCTOBER 6, 2020
Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated. Axios Media , mobile games publisher Scopely and the Gwyneth Paltrow-started lifestyle startup Goop are all among Greycroft's existing profile.
Payments Source
OCTOBER 6, 2020
Tipalti, whose platform supports cross-border B2B supplier payments, has raised $150 million in its latest funding round, bringing the total it’s raised from outside investors to $280 million.
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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
PYMNTS
OCTOBER 6, 2020
MoneyGram International , the global peer-to-peer payment and money transfer company, has extended to its relationship with Walmart Inc. through March 2024, the Texas-based company announced on Tuesday (Oct. 6). The deal means MoneyGram ’s services will continue to be available at more than 4,700 Walmart locations in the U.S., Puerto Rico and on its digital platform at walmart.moneygram.com.
Banking Exchange
OCTOBER 6, 2020
Life Plan will be the name of a new website and mobile app which will help clients with aspirations of better credit scores Technology Feature3 Fintech Feature Tech Management.
PYMNTS
OCTOBER 6, 2020
At a time of increased consumer use and acceptance of the new COVID-era digital lifestyle, the pressure is mounting on large, legacy lenders to accelerate their innovations – or become obsolete. In remarks made at the annual Sibos global financial services conference on Monday (Oct. 5), J.P.Morgan CEO Jamie Dimon said banks that don’t adapt in how they deal with customers will go the way of the dinosaurs.
Payments Source
OCTOBER 6, 2020
While validating the card itself can protect merchants from accepting fraudulent cards at the point of sale, it does not protect the actual data on the card itself from being intercepted in the POS device, says Bluefin's Rustin Miles.
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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.
PYMNTS
OCTOBER 6, 2020
A new survey revealed teenagers spent less money on food, events and concerts during the COVID-19 pandemic amid fear of a worsening economy. CNBC reported teen expenditure dropped to its lowest level in 20 years, according to Piper Jaffray’s 40th biannual “Taking Stock with Teens” report. The nationwide survey of 9,800 consumers conducted between Aug. 19 and Sept. 22 with an average age just under 16 years old and an average household income of $67,500, found teens reported spending about $2,150
BankUnderground
OCTOBER 6, 2020
Jonathan Smith What was the root cause of the financial crisis? Ask any economist or banker and undoubtedly they will at some point mention leverage (see e.g. here, here and here). Yet when a capital requirement based on leverage — the leverage ratio requirement — was introduced, fierce criticism followed (see e.g. here and here).
PYMNTS
OCTOBER 6, 2020
New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. Boost Payment Solutions is teaming with Visa for commercial payments acceptance, while EE is joining forces with Square to help U.K. merchants accept touch-free payments.
BankInovation
OCTOBER 6, 2020
Bank of America released a new personal finance tool on Monday, called Life Plan, to help customers identify their financial goals and track progress in real time, said David Tyrie, head of digital, financial center strategy, and advanced client solutions. The tool, available online and via mobile, takes customers through a workflow that establishes goals […].
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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.
PYMNTS
OCTOBER 6, 2020
The ongoing pandemic is devastating the restaurant industry, with eateries leaning heavily on mobile ordering to make up for declines in walk-in traffic. Restaurants are gradually opening dining rooms and patios at limited capacity, but some of these reopenings could end soon as colder weather shuts down the outdoor areas that are generally considered safer options.
Payments Source
OCTOBER 6, 2020
The trends were already pushing new payment experiences, which now seem less futuristic, says VeriTran's Omar Arab.
PYMNTS
OCTOBER 6, 2020
The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. Generally speaking, the procure-to-pay cycle, marked by paper-based processes – particularly at the point where AP issues payments – and time-consuming workflows must be streamlined.
CFPB Monitor
OCTOBER 6, 2020
On September 29, the CFPB, in partnership with the FTC and numerous federal and state law enforcement agencies, announced a nationwide effort addressing “phantom debt collection” and abusive and threatening debt collection practices. The initiative has been titled “Operation Corrupt Collector.” . Phantom debt collection (also known as fake debt collection) covers a range of practices, including attempts to collect on obligations that consumers never took out or received, as well as efforts to r
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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.
PYMNTS
OCTOBER 6, 2020
“April is the cruelest month,” wrote TS Eliot. His calendar was bit off. At least insofar as 2020 has shaped up, and especially where B2B payments have been concerned. March turned out to be bit of a rough path, too. As the pandemic started to lash the globe back then, the necessity of doing things — pretty much everything — digitally upended the very ways supply chains functioned, buyers interacted with suppliers, and the ways in which those firms paid and got paid.
Payments Source
OCTOBER 6, 2020
The industry has long talked about embracing digital technology — but the time for talk may be over.
PYMNTS
OCTOBER 6, 2020
The growth of the connected economy is predicated on – and is propelling – the emergence of online platforms. Those platforms – through Uber, Amazon, eBay and others – are in turn growing through horizontal expansion. To boil down the business-speak a bit, that means companies that start with a set of core services delivered through digital means can add ancillary, adjacent services that complement those core offerings.
Bobsguide
OCTOBER 6, 2020
Regulatory divergence and poor data quality continue to limit advancements in instant payments, according to a banking panel at Sibos today. “In terms of the instant and general payments, probably the biggest challenge today… is the difference in regulatory approach by every.
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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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