Chris Skinner
OCTOBER 4, 2018
I have one slight concern as we go cashless, having experienced it myself. You cannot go cashless if it does not include everyone. I had this experience in China. Arriving on a Sunday lunchtime at the Holiday Inn Express hotel, I successfully checked in and had a nice room with … The post The digital divide: inclusion must not create exclusion appeared first on Chris Skinner's blog.
Payments Dive
OCTOBER 4, 2018
Carriers, payment integrators and merchants from around the world met up in London last week at the Global Carrier Billing Summit to share their progress and provide updates.
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Chris Skinner
OCTOBER 4, 2018
I was recently asked by TSYS to write a piece celebrating ten years of payments changes, as they are celebrating their ten year birthday of ngenuity, TSYS’s payments magazine. So I wrote something. Here’s your starter for ten: To commemorate the past 10 years of ngenuity, we wanted to look … The post Ten years of payments changes: a lookback appeared first on Chris Skinner's blog.
Payments Dive
OCTOBER 4, 2018
Video, gaming, AI, robotic, AR/VR platform CIOs and CTOs looking to embrace newer digital transformation solutions should look holistically within the mobile infrastructure ecosystems, and tag the mobile telecom operator as a strategic partner.
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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
Bank Innovation
OCTOBER 4, 2018
First Tech Federal Credit Union, a Mountain View, Calif.-based financial institution that services companies like Google, Amazon, and Microsoft, are updating 47 of the CU’s banking products and services. The revamping of the tech stack is a part of what the credit union has coined its “Omnichannel 2.0” strategy. Specific initiatives include reduced application abandonment […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 4, 2018
It’s officially Fall, and financial services companies are taking to this new season with a fresh batch of new products and services. Payments company Square today launched Square Installments. As the name suggests, Square Installments is a POS payment option that allows sellers to give customers the choice to pay for a large purchase by […].
PYMNTS
OCTOBER 4, 2018
Amazon is partnering with startup CargoX on a pilot program that will use bulletproof trucks for the delivery of expensive goods in Brazil. Bloomberg cited a source who revealed that the eCommerce giant is working on the logistics project with Goldman Sachs-backed CargoX, which connects truckers with companies requiring their services. As of June, it had about 7,000 drivers registered.
Bobsguide
OCTOBER 4, 2018
The challenger banks do not only have to stick to the old adage of hitting the ground running but sprinting. With incumbents increasingly pouring resources into innovation programmes, the challenger banks are in a race against time to offer their unique capabilities before others replicate them.
PYMNTS
OCTOBER 4, 2018
FedEx is paying retirement-age pilots bonuses of as much as $110,000 to keep them flying during the holiday season. According to news from Reuters , two senior FedEx managers revealed that the company has offered cash bonuses to keep retiring pilots in the air through the holiday shipping season that goes from Thanksgiving to the end of the year. FedEx is set to lose about 150-200 of its roughly 5,000 pilots in 2018 — and the same amount in years to come — as more get closer to the federally ma
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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
Bobsguide
OCTOBER 4, 2018
British banks, clearing houses, and payments systems have been asked by the UK’s Bank of England (BoE) and Financial Conduct Authority (FCA) to complete reports on their exposure to, and plans to manage, IT outages and cyberattacks by October 5. “We are seeing an unprecedented amount.
CFPB Monitor
OCTOBER 4, 2018
On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA). The lawsuit names EGP Investments, LLC, JPRD Investments, LLC, and The Collection Group LLC (the Debt Buyers) as defendants, along with Fair Resolutions, Inc.
Payments Source
OCTOBER 4, 2018
Payment forms on e-commerce sites are the most common target for formjacking attackers, writes Robert Capps, vice president and authentication strategist for NuData Security.
CFPB Monitor
OCTOBER 4, 2018
On September 19, 2018, California enacted AB-3212. The Bill amends the California Military and Veterans Code to expand the protections offered to qualifying servicemembers under state law and to impose new criminal penalties for certain violations of its provisions. Some of the key changes, which go into effect January 1, 2019, are as follows: Expanded Protections.
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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.
Payments Source
OCTOBER 4, 2018
Worldpay is expanding its U.S. portfolio and has experience in sports betting to lean on.
CFPB Monitor
OCTOBER 4, 2018
On October 18, 2018 , the CFPB will hold a town hall in Baton Rouge, Louisiana on preventing elder financial exploitation. The event will feature remarks from CFPB Acting Director Mick Mulvaney and Louisiana Attorney General Jeff Landry, as well as participation from community groups, industry representatives, state partners, and members of the public.
Payments Source
OCTOBER 4, 2018
The technology arms race among payment fintechs is converging on the market for credit and loans, with Square rolling out an installment payment option for consumers that complements its merchant capital option for sellers.
CFPB Monitor
OCTOBER 4, 2018
In this week’s podcast, Ballard Spahr attorneys Alan Kaplinsky and James Kim discuss the implications of the CFPB’s first enforcement action under Acting Director Mulvaney and analyze the amendments proposed by the CFPB to its trial disclosure policy (TDP). Alan chairs Ballard’s Consumer Financial Services Group and James, a partner in the CFS Group, was formerly a CFPB Senior Enforcement Attorney.
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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.
Payments Source
OCTOBER 4, 2018
Square Inc. is offering loans to customers to pay for goods and services from merchants that use its payments platform, another move by the company to push deeper into financial services.
CFPB Monitor
OCTOBER 4, 2018
On September 28, 2018, the Maryland Commissioner of Financial Regulation issued a notice advising companies servicing student loans of Maryland borrowers to provide their contact information to the state’s new Student Loan Ombudsman by November 15, 2015. Maryland’s “Financial Consumer Protection Act of 2018” went into effect on October 1, 2015. The Act imposes a number of new regulations , and also creates the post of Student Loan Ombudsman.
Bobsguide
OCTOBER 4, 2018
Anyone with half an eye on the European tech scene will be well aware that there’s a bit of rivalry growing between London and Berlin. Who has the most unicorns? Who has the fastest growing startups? Who has the biggest investors? Who has the most European HQs for companies like Amazon and.
Payments Source
OCTOBER 4, 2018
Wirecard is partnering with Visa in Romania on a white-label digital wallet service enabling any card issuer to offer mobile contactless payment solutions through a wallet featuring card controls and account notifications.
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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.
Bobsguide
OCTOBER 4, 2018
One of the first steps in setting up a new cash flow forecasting process is designing a forecasting model. If the forecasting model is well-designed from the outset it can drastically improve the quality of reporting outputs, thereby helping to achieve overall business objectives. However, it.
Payments Source
OCTOBER 4, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon invests in mobile pay tech in India; Danske bank tests contactless chip; Digital currency sponsors U.K. golf tournament; Coinbase tries to fix crypto fee instability.
SWBC's LenderHub
OCTOBER 4, 2018
Increasing non-interest income to help cover costs and introducing new services and services while also staying true to your financial institution's mission can be tricky. One way to do so is by introducing new products that complement your current offerings and bring value to your new and existing consumer base. To that end, voluntary protection products , often available in combination with premium checking accounts, are a great option for financial institutions to add to their product and ser
Payments Source
OCTOBER 4, 2018
PayPal launched a new merchant app called PayPal for Business, aimed at driving usage and adoption of its invoicing and payments services among freelance workers and small businesses in India.
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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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