Wed.Mar 03, 2021

Cash Forecasting During an Unstable Economy


Covid-19 has turned the world’s economies upside down. As preventative measures (such as lock-downs) continue, uncertainty abounds. This uncertainty is making it difficult for companies to gain a clear picture of their finances.

Request to Pay—a growing global trend in payments


In my last post, I talked about the important role Request to Pay (RtP) will play in the future of payments—it will , bring flexibility to payers, cost reduction and efficiency to billers, and a huge value opportunity to financial services providers that have an Open Banking infrastructure in place.

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Trending Sources

Walmart Will Invest $350 Billion To Advance American-Made Goods


Over the next decade, Walmart said it will spend $350 billion on merchandise made, grown or assembled in the U.S., according to a Wednesday (March 3) company post by President and CEO John Furner.

FinCEN Red Flags for Economic Impact Payment Fraud


New relief may escalate EIP criminal activity. While the typologies of EIP fraud are not new, FinCEN has provided examples of trending types of EIP-related criminal activities. . Would you like other articles like this in your inbox?

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Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

The Changing Face Of The Travel Payments Supply Chain


It was too much to hope that the world would be transformed on Jan. 1, 2020.

More Trending

Google Will Stop Tracking User Browsing For Ad Sales


Privacy concerns have prompted Google to stop tracking users’ website browsing habits to sell digital advertising, The Wall Street Journal reported on Wednesday (March 3).

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Merchants Must Cater to the Distracted Shopper

Payments Source

The post-pandemic world requires serving multitasking consumers. exec and Card Forum: Contactless presenter Bradley Riss discusses how that works in a preview of our virtual conference. Contactless payments Digital payments

Deliverr Goes After Amazon Prime With $170 Million To Expand Warehouses


Deliverr has raised $170 million in new funding, with $135 million of that being Series D funding led by Coatue , according to a company blog post. Another $35 million was a convertible note led by Brookfield Technology Partners, the post stated.

Interchange to rise in April, but card brands offer an olive branch

Payments Source

The update, delayed from last year, would be the most substantial change to the interchange rate structure in a decade — and the card networks have not signaled plans to delay it further. Interchange fees Network rules

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Report: Hospitals Turn To Card-On-File Solutions To Fix Payment Collection Pains


Reduced patient visits during the pandemic have strained healthcare providers’ budgets, and many are looking to restore some of their lost appointment volumes and collect timely payments from their remaining patients.

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Ripple founder funds upgrades in San Francisco small-business zones

Payments Source

Chris Larsen, co-founder and former CEO of the payments company, is donating $1.7 million to help merchant associations improve the city's lighting, crosswalk markings, sidewalks and trash receptacles. Fintech Ripple

Five Star Mobile Banking Apps Give Banks A False Sense of Security


The digital shift has spurred a mass epiphany about physical bank branches. After all, almost anything we can do in the physical world can be done via bits and bytes.

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Embedded payments will change commerce as much as cards

Payments Source

Linking a variety of services to a payment account opens a new more flexible world of financial services, says Tribe Payments' Alex Ressish. Fintech Digital payments Payment processing Internet of things

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How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

IGA CEO: As Restaurants Reopen, Grocers Have To Earn The Consumer’s Business


As consumers turn to digital platforms to fulfill more and more of their basic needs, smaller, more traditional businesses are forced to adjust their operations to meet the changing needs of their base.

Fed digital currency gains steam with Democrats in power

Payments Source

As the Federal Reserve continues to explore issuing a digital U.S. dollar, the Biden administration and key congressional leaders are endorsing the idea as a way to expand banking access for underserved consumers. Janet Yellen Federal Reserve Digital currencies Financial inclusion Sherrod Brown

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Bitcoin's Symbolic Impact On Digitizing Liquor B2B Payments


Talk of bitcoin in the corporate treasury department continues to build, but it remains to be seen whether that talk will amount to true transformation of corporate finances — or mere, empty hype.

How this Bitcoin bull market will end and the next one will start. 

Daily Fintech

No I do NOT know the timing or how far each bull market will go. Sorry. Anybody who tells you they can probably also has a bridge to sell you. I can tell you how this Bitcoin bull market will end and the next one will start. This Bitcoin bull market will end with two […].

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

How Loyalty Programs Can Drive Restaurant Spending, By The Demographic


Restaurant operators know how essential loyalty programs are when it comes to turning a one-time order into years of patronage.

Is Pricing Innovation In Insurance A Zero Sum Game?

Daily Fintech

Pricing is no longer the cost-plus game in insurance it used to be. Insurers wrestle with demands of better and more agile pricing to stay competitive amid technology fueled market dynamics.

Will Grocers Retain Their Share Of Food Spending Post-Pandemic?


For a long time, it seemed that restaurants’ growing share of the market could not be stopped, with younger consumers even more likely than their older counterparts to dine out. For decades, restaurant spending grew and grew, even surpassing grocery in 2017.

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Expand CRA to include nonbanks

Payments Source

If policymakers are serious about revitalizing low-income communities, they should require all fintechs and other nonchartered lenders to adhere to the Community Reinvestment Act. Fintech CRA Under-served populations

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

QuickBooks Collaborates With Modulr On SMB Payments Account


Intuit QuickBooks has struck a deal with financial technology firm Modulr , which will fuel a new online payment account created especially for small companies called the QuickBooks Business Account.

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Stablecoin News for the week ending Wednesday 3rd March.

Daily Fintech

Who are the innovation leaders? Here is our pick of the 3 most important Stablecoin news stories during the week. As we enter this new age of Digital Currencies, who are the leaders?

Reserve Bank Of India Cautions On Central Bank Digital Currencies


Nothing in life is all positive. Chocolate? Comes with calories. It’s fickle. Even newborn babies will fill you with gratitude, but will drain you of sleep. So it is with central bank digital currencies (CBDCs), which, depending on how you look at them, have outsized rewards, and also risks.

Fed digital currency gains steam with Democrats in power

American Banker

As the Federal Reserve continues to explore issuing a digital U.S. dollar, the Biden administration and key congressional leaders are endorsing the idea as a way to expand banking access for underserved consumers. Janet Yellen Federal Reserve Digital currencies Financial inclusion Sherrod Brown

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.