Payments Dive
JUNE 28, 2019
Cryptocurrency and blockchain technology are now mainstream. If you still doubt this fact, then take a look at Facebook, which has formally announced its entry into the cryptocurrency space.
Bank Innovation
JUNE 28, 2019
David Solomon may take a leaf out of Jamie Dimon’s book by exploring a digital coin for payments. Goldman Sachs Group Inc.’s chief executive officer told France’s Les Echos newspaper that he’s “absolutely’’ looking at digital currencies and said Goldman is conducting “extensive research’’ on tokenization, the process for transforming currencies or assets into tradeable digital contracts […].
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Payments Dive
JUNE 28, 2019
Through Voice Commerce banks can solidify customer relationships and deepen engagement. Learn how you can capitalize on the new wave.
Bank Innovation
JUNE 28, 2019
As checkout loan startups like Affirm, Klarna and Bread garner funding and grow relationships with retailers, banks are putting up a formidable line of defense. Their pitch to retailers is their resources, data and brand recognition. Over the past two years, Providence, R.I.-based Citizens Bank has built up its presence in the point-of-sale loan arena. […].
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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
JUNE 28, 2019
In the aftermath of Facebook ’s unveiling of Libra and its Calibra wallet, among the many questions raised was how it managed to get so many of the “who’s who” in payments at the table. That was the question Karen Webster had for PayPal Chief Operating Officer Bill Ready when she learned that PayPal was one of those players. The vision, she agreed, is undeniably big, bold and targeted at a worthy goal: the inclusion of the 1.7 million people worldwide who are unbanked, and exist on the financial
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 28, 2019
In a move that could mirror the playbook of JPMorgan Chase CEO Jamie Dimon, Goldman Sachs Group Inc. Chief Executive Officer David Solomon said in an interview with a French newspaper that he is “absolutely’’ taking a look at cryptocurrencies. Solomon also noted the bank is in the process of “extensive research’’ when it comes to tokenization, Bloomberg reported.
Bank Innovation
JUNE 28, 2019
The product-centric bank of the past, concerned with keeping proprietary control over all its offerings, is ceding ground to the customer-centric bank of the future, according to Andy Brown, CEO of Sand Hill East, a tech advisory firm that also invests in early-stage startups. A 30-year IT veteran with 20 years of experience in finance, […].
PYMNTS
JUNE 28, 2019
Mobile food ordering moved from niche to mainstream in just a few years. According to the new Mobile Order-Ahead Tracker , the volume of food and beverage orders placed via mobile apps grew by 130 percent between 2016 and 2018. Currently, 60 percent of U.S. consumers order delivery or takeout once a week. Due to this rapid growth, it is forecast that the mobile order-ahead market will reach $38 billion by next year.
Payments Source
JUNE 28, 2019
CaixaBank, Global Payments and terminal maker Ingenico are investing 5 million euros to establish an international innovation program designed to identify and aid promising fintech startups.
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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
JUNE 28, 2019
Now that San Francisco is on the verge of banning eCigarettes, the question naturally turns to whether other municipalities and states will follow suit. Will that happen? “Likely not wide scale. However, this will immediately initiate a more constructive conversation,” said Scott Hardy, vice president of BankCard USA , in a new PYMNTS interview (the company owns AgeChecker.Net age verification software).
Payments Source
JUNE 28, 2019
Installment lending, whether it’s online or at the physical point of sale, is a market sector that has been experiencing a global boom in consumer demand for the last several years. Is this a short-term trend or are there potentially deeper-rooted factors that could make installment lending, especially online, a major source of future loans?
PYMNTS
JUNE 28, 2019
U.S. Representative Nydia Velázquez (D-NY) is calling on lawmakers to address predatory lending to small businesses (SMBs), The Washington Post reported on Thursday (June 27). Velázquez spoke during a House Small Business Committee hearing in Washington, D.C., pointing specifically to the use of confessions of judgment — a controversial contractual agreement that requires small businesses to accept liability and damages without normal court proceedings. “By ending confessions of judgment i
Jack Henry
JUNE 28, 2019
Portfolio management should not only be about using data analytics to monitor risk, but also as a tool to fuel portfolio growth.
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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
JUNE 28, 2019
Small business (SMB) accounting company FreshBooks is introducing a new feature to support recurring revenue automation for the services industry. In a press release on Thursday (June 27), FreshBooks announced FreshBooks Retainers, a tool that enables companies to collect recurring client payments in advance to stabilize and smooth their cash flow and financial reporting.
Payments Source
JUNE 28, 2019
CEO David Solomon said that Goldman is “absolutely’’ looking at digital currencies and conducting “extensive research’’ on tokenization.
PYMNTS
JUNE 28, 2019
Alphabet-owned drone company Wing is looking to hire at least 24 people to expand the company in an increasingly competitive field, according to a report by CNBC. . Wing wants to expand its delivery service in the United States and other countries as well. The company started as part of Alphabet’s experimental research arm called Google X, and it has fewer than 200 people working for it. .
Payments Source
JUNE 28, 2019
Visa has signed a definitive agreement to acquire the Los Angeles-based chargeback and dispute resolution platform provider Verifi.
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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
JUNE 28, 2019
As of Monday morning (June 28), Visa has announced it has signed a definitive acquisition agreement with Verifi. The payment tech firm offers a suite of data-enriched solutions to help merchants avoid chargebacks on card payments. Visa’s intention for the acquisition, according to a release, is to further enhance and extend its chargeback and dispute resolution infrastructure.
Payments Source
JUNE 28, 2019
The information you need to start your day, from PaymentsSource and around the Web: Facebook Calibra credit; JCPenney brings back Apple Pay; Grab gets funding; and more.
PYMNTS
JUNE 28, 2019
As JPMorgan has enjoyed success with its Sapphire Reserve card that launched three years ago, the banking giant is also dealing with a strained relationship with one of its airline partners. In addition to the Sapphire Reserve, JPMorgan offers several United Airlines cards. However, the Sapphire Reserve delivers more points for travel and dining, allowing users to redeem them for a variety of rewards — including United flights, making the United card redundant for many customers.
Payments Source
JUNE 28, 2019
As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.
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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
JUNE 28, 2019
David Marcus, Facebook vice president of messaging products and a key developer of the social media firm’s Libra digital currency project, thinks someone with experience in government and central banking would be a great leader for the team that would oversee the currency, according to reports. “We need someone who knows how economies tend to work, who understands how to operate in a very complex, decentralized governance type of environment,” Marcus said in an interview with The Informat
Payments Source
JUNE 28, 2019
Naval Group, an international technology company specializing in naval defense systems, is among the first to complete a cross-border payment through Swift's global payments innovation early adopter program.
PYMNTS
JUNE 28, 2019
Amazon is continuing its fight against counterfeiters. Along with Boulder-based company Nite Ize , a maker of specialty lights and phone mounts under the STEELIE brand, the eCommerce giant filed a lawsuit on Wednesday (June 26) in a Seattle federal court, accusing a group of counterfeiters of selling fraudulent Nite Ize products. According to the filing, the issue was brought to Amazon’s attention in October 2018 after a tip from the U.S.
ATM Marketplace
JUNE 28, 2019
Aravinda Korala, CEO of Kal, an ATM software firm, discusses how ATM operators can avoid the added costs of replacing motherboards when upgrading to Windows 10.
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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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