Payments Dive

MAY 1, 2018

Nav Kullar, marketing manager for NCR Payments, cites a recent Visa study about this trend with consumers traveling abroad.

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Payments Study Trends Management 334

Bank Innovation

MAY 1, 2018

U.K. challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer. After that phase, it will be available to the rest of […].

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Metro Tools Retail Management 199

Chris Skinner

MAY 1, 2018

Things we’re reading today include … TSB customers stopped from switching after it told banks to suspend transfers Santander strikes debit card deal with MasterCard From the Lake District to east London: which areas have local currencies? Climate change protesters disrupt Barclays AGM TSB crisis: key questions MPs will ask … The post Things worth reading: 2nd May 2018 appeared first on Chris Skinner's blog.

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Cards 164

Bank Innovation

MAY 1, 2018

While those of us in the U.S. experiment with Venmo or Apple Pay, payments in China have reached the point where even large transactions are routinely processed via the smartphone, even tuition payments. Western Union, which operates a money transfer service in the region via a partnership with Chinese payment solutions provider Geoswift, has allowed […].

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Payments Apple Regional US 199

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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

Lending

PYMNTS

MAY 1, 2018

A new survey by ACI Worldwide and Ovum found evidence that financial institutions (FIs) are more willing to open up their data via API and are embracing real-time payments initiatives. The report, published on Monday (April 30), found nearly three-quarters of banks surveyed (73 percent) said they would be willing to open up data to third-party developers via API.

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Payments Survey Strategy Retail 179

PYMNTS

MAY 1, 2018

“Machine learning is the answer to the financial inclusion problem.”. So said Douglas Merrill, founder of ZestFinance. It’s a bold statement, considering that the lending space is still trying to articulate what, exactly, the financial inclusion problem is — and everyone else is still trying to figure out what, exactly, “machine learning” means and why it matters to them.

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Lending Data Compliance Tools 143

Bobsguide

MAY 1, 2018

The introduction of the Payment Services Directive 2 (PSD2) in Europe at the beginning of 2018 was the latest step on the region’s journey towards competitively fair, digital banking. With the introduction of the legislation, incumbent banks are now legally obliged to open their customer data.

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Regional Digital Banking Data Payments 121

PYMNTS

MAY 1, 2018

The co-founder of WhatsApp, a messaging service owned by Facebook , announced he is leaving the company. Jan Koum, who co-founded WhatsApp with Brian Acton, is leaving the company after disagreements over the messaging service’s strategy, as well as Facebook’s attempts to use its personal data and weaken its encryption. “It’s been almost a decade since Brian and I started WhatsApp, and it’s been an amazing journey with some of the best people,” Koum, said in a post on his Facebook page, accordin

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Strategy Company Data Regulation 124

Payments Source

MAY 1, 2018

In the ongoing quest to replace PINs and passwords, Mastercard has introduced a kit enabling consumers to register their own fingerprint on a biometric card at home, bypassing the need to visit a bank.

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Cards 88

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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

Report

PYMNTS

MAY 1, 2018

Growth from markets that do not include major cities fueled Grubhub ’s revenue growth in the first quarter of 2018, an increase that beat analyst expectations. But the online food delivery service’s food sales and active daily orders came up short of estimates, causing its stock price to decline on Tuesday (May 1). “Strong momentum in tier two and smaller markets” led to Grubhub’s 49 percent year-over-year revenue increase in the first quarter of 2018, said Grubhub CEO Matt Maloney in a post-ear

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Conference Marketing Online Report 122

Payments Source

MAY 1, 2018

American Express has issued a series of deadlines for merchant acquirers in markets outside of the U.S. in an attempt to jolt the global migration.

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Marketing Payments 80

PYMNTS

MAY 1, 2018

As biometrics have begun to represent the next generation in securing payments, Mastercard has unveiled a technological advancement for its own biometric cards. Cardholders can now register their fingerprints onto a biometric card at home through the new technology, the company said in an announcement. “Making life safer and simpler for consumers is the cornerstone of our efforts around biometrics and comes through the use of some incredibly sophisticated technology,” Mastercard Executive Vice

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Cards Security Technology Fraud 118

Payments Source

MAY 1, 2018

Australia is the latest country to enable Faster Payments with the February 2018 launch of the New Payments Platform (NPP). It's 10 years behind the U.K.'s version, but benefits from a decade of experience and observation.

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Payments Compliance 69

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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.

Lending

PYMNTS

MAY 1, 2018

Kenya’s Safaricom has launched a new Bonga platform, which is described as a “conversational and transactional social network.”. The move will also leverage its M-Pesa mobile money product as a social network. “It’s focused on pay, play, and purpose…as the three main things our research found people do on our payment and mobile network,” Shikoh Gitau, Alpha’s Head of Products, told TechCrunch.

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Payments Source

MAY 1, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard pursues another blockchain patent; PSD2's huge global impact; Ride sharing app Pathao launches a digital wallet; A Swift exec joins the U.K.'s Mansion House Consulting.

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blockchain 69

PYMNTS

MAY 1, 2018

Think of it as a measure of the economy, rendered in meat, bread, pickles and ketchup. Cheese too, if you like. The latest quarterly results from McDonald’s underscore consumer spending and its resilience in the U.S. and abroad, with some relish. (We’ll stop with the food analogies and get to the numbers.). The fast food giant beat estimates on both the top and bottom lines yesterday, with same-store restaurant sales gaining, as Reuters reported, on what has been billed as a multiyear turnaroun

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United States US Comparison Conference 115

Bobsguide

MAY 1, 2018

The chief risk officer role is crucial at any modern organisation, perhaps especially so at a multinational insurance organisation where risk on the books and in the system are constantly re-evaluated. Here, AIG Europe’s CRO Fabrice Brossart spoke with bobsguide on assessing this.

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System 68

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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.

US

PYMNTS

MAY 1, 2018

Services like AmazonFresh and Peapod offer grocery delivery with a few clicks, but mainstream delivery services — or even local supermarkets — don’t always offer farm-to-table fresh produce. Additionally, local farms and bakeries don’t often have many sales channels; some rely solely on farmers markets and farm stands. Doorstep Dairy is seeking to change that with a regional delivery service focused on local products.

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Philadelphia Pennsylvania Examples Retail 110

Payments Source

MAY 1, 2018

Payment system change in the United States has always benefited from a consensus-driven approach that incorporates the views and behaviors of many, financial institutions, payment processors, technology providers, merchants, regulators, consumer advocates and others, writes Michael Bilski, president of North American Banking Company.

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United States Industry Payments Regulation 67

PYMNTS

MAY 1, 2018

Kaspersky Lab , the cybersecurity company, revealed in a new survey on Tuesday (May 1) that 81 percent of Americans and 72 percent of Canadians are stressed out about the recent rash of data breaches. In a press release highlighting the company’s new report, dubbed “The State of Cyber-Stress,” Kaspersky said consumers’ lack of awareness as to how they can protect themselves from hackers online is leading to increased stress around technology and cybersecurity in general.

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Data Survey America Security 109

Payments Source

MAY 1, 2018

Helped by its role as a transportation fare option, Apple Pay enjoyed a strong second quarter, driving revenue in Apple's services division as well as the company's overall $61.1 billion revenue for the quarter.

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Apple Company 64

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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.

Compliance

PYMNTS

MAY 1, 2018

The hype is everywhere. It’s easy to get swept up in a world full of the “next big things.” Easy — but as Karen Webster pointed out in her commentary this week , not entirely wise, because lots of things seem too good to be true for the very reason that they are too good to be true. Bitcoin, marketplace lending — pick your poison — they came to disrupt, but the jury is still out on whether they can ever achieve that goal.

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ATM blockchain Bitcoin Lending 109

Payments Source

MAY 1, 2018

Like plucking thorns off a flower one by one, Nvoicepay has incrementally built an automated B2B payments chain, this week turning directly to the guts of corporate technology to wring out lingering old-school processing techniques.

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Payments Fintech Technology 63

PYMNTS

MAY 1, 2018

In 1887, Asa Candler, the founder of the Coca-Cola Company , had a novel idea: He decided to give away some of his product for free. And so, he wrote tickets for consumers to try a glass of ice cold Coke. Eventually, Candler’s idea would morph into a more formal strategy. The company began reaching out to pharmacists in what could today be called targeted marketing.

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Tampa Examples Retail Strategy 109

Payments Source

MAY 1, 2018

If Amazon Go and other omnichannel concepts are redefining self-service commerce, does the humble vending machine lose its relevance?

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Retail Payments 67

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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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