Tue.Jan 21, 2020

How blockchain will impact the supply chain

Mobile Payments Today

Blockchain technology can provide excellent tools for supply chain management. Former Coca-Cola executive Kraig Adams talks about how he got involved with blockchain technology and how it will transform supply chain management

The global new banking brew

Chris Skinner

Another useful person in my online network is Steve McLaughlin of @FTPartners, who I spotted sent a tweet last week saying they had produced a challenger bank report.

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B2B fintech Biller Genie helps banks automate business payments

Bank Innovation

Business payment startups and banks are rushing to offer clients the same kind of intuitive, automated payment experience that consumers have come to expect from their favorite personal finance apps.

Miami 301

Cannabis Banking: Mitigating Reputation Risk to Financial Institutions

Abrigo

Key Takeaways The number of institutions banking cannabis grew significantly in 2019. Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking.

Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Jack Ma’s booming loan business threatens Visa, AmEx in China

Bank Innovation

As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue credit cards.

Cards 282

More Trending

HSBC launches real-time payments for business clients

Bank Innovation

HSBC is improving payments for its business clients through a suite of tools launched last week called Treasury APIs, which are designed to speed up payments for small businesses and large corporate clients alike. HSBC’s Treasury APIs embed payment capabilities into other workflows.

As Virtual And Augmented Reality Rise, Retail Use Cases Come Into Focus

PYMNTS

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world.

Retail 242

Citigroup CEO says many branch jobs are still safe from machines

Bank Innovation

Citigroup Inc. spends about $8.5

MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan.

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!

Fed: Big bank cyberattack could have serious spillover effects

Bank Innovation

A cyberattack on a major U.S. bank could have network effects that could cripple the financial system, a report from the Federal Reserve Bank of New York concluded. The study, released this month, focused on the consequences of an attack on the wholesale payments network.

The Gig Economy Drives The Next Major Payroll Disruption

PYMNTS

The payroll has not seen much disruption since the introduction of direct deposit to accelerate workers’ access to earned wages.

Bankers identify 2020’s greatest strengths and challenges

Bank Innovation

When preparing for a new year, it helps to assess what went well and what didn’t in the previous year. This exercise helps keep track of past triumphs for further success and turn past deficiencies into future victories.

Mastercard On Helping Retailers Strike The Right Innovation Balance

PYMNTS

Mark Twain famously said there are three kinds of untruths: lies, damned lies and statistics. And nowhere is that aphorism better illustrated over the last decade than with the statistic that more than 90 percent of all retail sales took place at brick and mortar stores.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

How faster payments can eliminate claims from insurance payouts

Payments Source

Providing simple and rapid claims payouts is a competitive feature in the property and casualty insurance industry. Both Visa and Mastercard see insurance payouts as a use case for their respective card-to-card transfer services, Visa Direct and Mastercard Send.

Accelerating Accounts Receivable Starts With The Invoice

PYMNTS

Late payments are a threat to any business, but especially for smaller firms, longer days sales outstanding (DSO) timeframes can be a company killer.

4 ATM trends that can't be ignored in 2020

ATM Marketplace

Triton Systems' Daryl Cornell predicts that 2020 will be a big year for tap and go, and that frustrations with Windows 10 will simmer

Trends 103

Amazon Unseats Google In Fast-Growing EU Smart Home Market

PYMNTS

Europe’s smart home market growth increased in the last year, growing by 18.1 percent over the same quarter from 2018.

Google 211

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 international e-commerce is changing digital payments in Brazil

Payments Source

Ebanx isn't new to the payments technology game in Latin America, having focused on cross-border e-commerce technology a few years ago to allow consumers in that region to make purchases from international merchants. Online payments Brazil Cross border payments Digital payments

The Bank App Feature 54.1 Percent Of Consumers Agree They Want

PYMNTS

Though many banks may be betting big on advanced technology to help them in the fight against financial fraud, their customers would feel more secure if they were given more control over their banking apps’ authentication processes.

Survey 207

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity.

How UK Restaurants Are Coping With Delivery Aggregators

PYMNTS

One of the biggest questions that promises to play out in the larger world of restaurants — whether quick-service operations or others — is who will ultimately own their customers, and whether those businesses can get them back once they are lost to third-party delivery services and aggregators.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Payments 'concierge' mentality can lead to friendly fraud

Payments Source

The concept can enable chargeback abuse, and if this “blind-eye” approach continues to dominate, the bad behavior will only get worse, says Chargeback 911's Monica Eaton-Cardone. Risk Payment fraud Retailers Chargebacks ISO and agent Payment processing

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) meets its Sustainable Development Goals , JPMorgan announced on Tuesday (Jan.

Sleeper Strategies for Winning Real-Time Payments

Strategically Speaking

I grew up in payments. In the mid-90s, I cut my teeth on Standard Entry Class codes, Return Reason codes, and the logistics of batch clearing and time-based risk in ACH. I know. Sexy, right? In Payments Land, geeks like me loved to talk shop. Still do.

Group Effort For Central Banks And Digital Currencies?

PYMNTS

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

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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.