Wed.Oct 16, 2019

Some challengers really are challenging … but not where you’re looking

Chris Skinner

You’ve got to love all these challenger banks (née neobanks née digital banks née mobile banks née whatever banks) appearing. There’s lots of chat about the British ones led by Monzo and closely followed by Starling, Atom and Tandem, but there are many more.

Mobile 309

Finastra taps Ripple for real-time payments across borders

Bank Innovation

Banking technology provider Finastra, which works with more than 9,000 clients, is partnering with payment network Ripple to facilitate real time, blockchain-supported payments for its customers.

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Things worth reading: 17th October 2019

Chris Skinner

Things we’re reading today include … Bank of America’s Future Is Digital, and It’s Now Metro Bank Q3 earnings: what next for the share price?

Metro 208

Bringing Autonomous Smart Shuttles To the Masses

PYMNTS

There will be 41.6 billion Internet of Things (IoT)-connected devices around the world by 2025. Consumers and businesses have increasingly employed the technology in a variety of use cases as it becomes more sophisticated, from smart cars to sensors that can be utilized for smart cities.

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Cards are finally catching up with the digital revolution

Payments Source

Digital services are gaining momentum, and traditional plastic cards are adding innovation to keep up after years of lagging, says FIME's Stéphanie El Rhomri. ISO and agent Mobile payments Payment processing Banking Retailers

Cards 120

More Trending

Vocalink signs deal for real-time switching, settlements for U.K.’s Link ATMs

Payments Source

Vocalink beat out four other competing bids to secure a 10-year contract to provide real-time switching and settlements for U.K. ATM operator Link Scheme. ATMs Payment processing Real-time payments Mastercard U.K.

ATM 108

Who’s Ready For Prime-Time Commerce And Payments?

PYMNTS

As consumers and commerce get much more sophisticated , payment service providers and merchants are following suit. The vaping industry will tell us a lot about this innovation and disruption, and will likely provide multiple lessons for other types of merchants.

Tools 184

RBC fights the fintechs by Uber-izing mobile payments

Payments Source

Technology companies like Square and Stripe have nimbly captured small-business share from banks that often overlooked the segment. Royal Bank of Canada is trying to respond through a mix of merchant services, tied to the national debit system and incentive marketing.

Outback Steakhouse Pilots Machine Learning Tech

PYMNTS

At multiple restaurants operated by one of its franchisees, Outback Steakhouse is testing machine learning (ML) technology from Presto. The test is focused on the restaurant lobby, but could grow to the kitchen, curbside pickup and dining room areas, CNBC reported. Presto Founder and CEO Rajat Suri said the technology assists restaurants in fixing blind spots, noting that “managers can’t be everywhere at all times.”

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Morning Brief 10.16.19: Paytm closes in on $2 billion in new funding

Payments Source

The information you need to start your day, from PaymentsSource and around the web. Today: Paytm draws new investment; Interac expands mobile payments; Klarna and Samsung collaborate; Shopify and Splitit team up; Aliant pays staff in crypto. Briefing

Disrupting The $31 Billion Toilet Paper Industry

PYMNTS

While toilet paper seems like a product that should have been around for as long as there has been commerce, it actually is a fairly modern invention. Before 1857, the most common “toilet paper” in the United States actually consisted of pages from the Sears Roebuck catalog. That finally changed when one brave innovator, entrepreneur Joseph Gayetty, got the idea that a better alternative could be created.

Reg concerns about Libra ‘should be no surprise’: Fed’s Brainard

Payments Source

With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism. Libra AML Digital payments KYC Lael Brainard Facebook Federal Reserve

Mastercard Outlines Blockchain Principles After Leaving Libra Association

PYMNTS

Mastercard has outlined its intentions with blockchain after its high profile exit from the Libra Association, a coalition of many successful companies meant to help guide and foster oversight of Facebook’s proposed cryptocurrency.

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

MercadoLibre plans to double down on Its Brazilian bet next year

Payments Source

MercadoLibre, the e-commerce pioneer in Latin America now worth $28 billion, plans to invest more in its financial services and payments unit while opening more distribution centers and seeking partnerships to cut delivery time further, Tolda said in an interview at Bloomberg’s Sao Paulo office.

SnapPay Rolls Out Facial Recognition Payments

PYMNTS

Global payments solution SnapPay announced the rollout of facial recognition payment technology for North American merchants. SnapPay said the technology gives users greater convenience and security when shopping at mainstream retailers. Although it is based on the same tech that is available now in Asia, SnapPay is initially launching in North America to select retailers. The technology is being demonstrated by SnapPay at the Retail Council of Canada’s Retail West Show on Wednesday (Oct.

Card diversification has created a communications deadlock for issuers

Payments Source

Issuers often offer several types of cards, but cling to older methods of communicating with users, contends BelWo's Doug Cox. ISO and agent Payment cards Payment processing Digital payments Retailers Banking

Cards 96

Chinese Shoppers Will Have PayPal Access By Year End

PYMNTS

With its purchase of a majority stake in GoPay, China has allowed PayPal to operate in the country. According to a report by the Financial Times , this means PayPal will be the only foreign company to have domestic and cross-border web services in China. About $39 trillion in mobile payments were made in China in the past year. The move signals China’s willingness to open up its payment industry to foreign investors, following similar forays in the insurance, securities and investment fields.

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

Cool data points for the U.S. insurance industry- do customers care?

Daily Fintech

Are there common threads for or against the industry changing customers’ insurance viewpoints among these data points? billion spent by insurers in 2018 on tech- U.S. market[i] $1.2 trillion- 2018 premiums, U.S. P&C market[ii] Record cash surplus for U.S.

ScaleFactor Adds SMB Card To Expense Management Offering

PYMNTS

Small business accounting solution provider ScaleFactor is expanding its product suite to include a commercial card product to support expense management. A press release issued Tuesday (Oct. 15) said ScaleFactor is launching a ScaleFactor Visa Card, a commercial card designed for small businesses to manage spend and customize their expense management workflow.

The many paths forward for B2B payments

Payments Source

Making a domestic or cross-border B2B payment should be as easy as a consumer making a payment at a retailer's point of sale. There are plenty of obstacles toward this goal, but also plenty of paths to success. B-to-B payments Network rules Cross border payments pso cardline lead 1

Codat Pulls SMB Accounting Into The Open Banking Fold

PYMNTS

Small business (SMB) accounting FinTech Codat is teaming up with five°degrees to join its Open Banking partnership, according to Verdict on Tuesday (Oct. London-based Codat, which enables small businesses to integrate their back-office platforms via application program interface (API), will join five°degrees’ Open Banking Marketplace to support collaboration and integration between traditional banks and FinTech firms.

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

6 Tips For Women Who Want To Start A Business

BankBazaar

Women may be at the helm of MNCs today but the fact remains that there aren’t many female entrepreneurs around. Here’s how we can change that. Women may be at the helm of organisations today but look around you – how many of them actually own these businesses? Not many, isn’t it?

Citi Backs Cash Flow Management Partner Cashforce

PYMNTS

Cash flow forecasting FinTech Cashforce has announced a $5.5 million Series A funding round on Tuesday (Oct. 15) led by INKEF Capital and Citi Ventures, with Citi also announcing a strategic partnership with the company. In a press release , Cashforce said existing investors Pamica, Volta Ventures and others also participated in the investment, which will be used to focus on expansion across borders.

[Guide] 5 Opportunities to Transform Retirement Services with AI

Perficient Financial Servies

Financial services back-office processing, particularly in retirement services, has historically been a very labor-intensive and opaque environment.

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Intel Acquires Canada’s Smart Edge For $27M To Advance 5G 

PYMNTS

Intel is acquiring the software business Smart Edge for $27 million from Pivot Technology Solutions based in Toronto, Intel said in a blog post on Wednesday (Oct. The software runs on Intel chips and speeds up computing devices by dividing data and keeping it closer to users. Intel is planning to package it into equipment for the latest 5G wireless technology that has started to roll out.

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.