Fri.Sep 18, 2020

Why 3D imaging holds key to a touchless future

Mobile Payments Today

As the world continues to adapt to a new way of life, businesses will need contactless technology to remain competitive. 3D cameras can help pave the way to a asfer future

Red Flags for COVID-19 Related Fraud – What You Need to Know

Abrigo

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Imposter scams, money mule scams, and cybercrime are all increasing due to a growing vulnerable population.

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Why Small Coffee Shops Are Thinking Big About Digital

PYMNTS

Independent coffee shops weren’t totally tuned out when it came to digitization in the pre-COVID-19 world, but it wasn’t an area of focus for them, according to Tim Griffin, founder of small business payments platform Cloosiv and chief product officer of its new parent company, Odeko.

Mastercard encouraging staff to begin return to New York offices

Payments Source

Mastercard Inc. is encouraging its staff to begin returning to its New York-area offices, joining other large employers seeking to bring workers back after months at home. Coronavirus Mastercard

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

How The Pandemic Made QR Codes Sizzle

PYMNTS

QR codes have become the star player on the digital payments stage in China and throughout Southeast Asia. Consumers and businesses are wholeheartedly embracing mobile wallets powered by QR codes as the best way to pay, pretty much no matter where they are – or who they are.

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Visa: Real-Time Settlement, Online Marketplaces Help Put SMBs Back On The Road To Recovery

PYMNTS

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive.

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Ahead of potential IPO, Affirm raises another $500 million

Payments Source

As more consumers look for alternatives to credit cards, investors are flocking to point of sale credit firms, with Affirm raising a fresh $500 million. Fintech Affirm Point-of-sale Venture funding

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Payment Rail Innovators Dive Into Real-Time

PYMNTS

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones.

Tapping into a post-pandemic world with contactless cards

ATM Marketplace

Contactless payments offer the same strong security as EMV cards but how do they stack up against the needs of consumers who are now dealing with the aftermath of COVID-19? Jaime Topolski, the director of payment card products at Fiserv gives his insight on contactless cards

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!

Musicians Pick Up The Tempo On Adopting Digital Payments

PYMNTS

The conventional wisdom may hold that creative types — musicians among them — are not the savviest of business mavens.

This Week in Fintech ending 18 September 2020

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

dlocal CEO: Helping Global Merchants Tap Emerging-Market Opportunities

PYMNTS

Launching into an emerging market can be a risky move for any global business. While spend in developing markets isn’t typically as high as, say, in the U.S.,

Fed Survey: Household Financial Conditions Improve Since July, Uncertainty Remains

ABA Community Banking

Household financial conditions improved in July from April but uncertainties about layoffs and returning to work remain, according to a new report the Federal Reserve released today.

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Nacha Provides Guidance On Voice Payments, Cybersecurity

PYMNTS

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept.

Voice AI can make work-from-home more efficient

Payments Source

Implementing real-time documentation and reporting workflows enabled by AI-powered speech recognition cuts time, says Nuance Communications' Ed McGuiggan. Risk B-to-B payments Payment processing

Mobile Banking Firm Chime Gets $14.5B Valuation With New Funding

PYMNTS

Mobile banking upstart Chime has completed funding that has provided the firm with a $14.5 billion valuation, CNBC reported. Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access.

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Why Mastercard is helping Flywire drive cross-border tuition payments

Payments Source

Mastercard is working with cross-border tuition specialist Flywire on a fall promotion targeting international students based in certain countries in the Middle East and Africa. Cross border payments Mastercard

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.

Lululemon CEO: ‘We’re Building More Stores’

PYMNTS

Don’t tell retail executive Calvin McDonald that construction of brick-and-mortar stores is a thing of the past. The CEO of Lululemon Athletica Inc. told Bloomberg part of his growth strategy includes new stores.

Good business: Eco-friendly credit cards on the horizon

BankInovation

The plastic credit card consumers keep in their wallets may soon change.

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EU Industry Trade Group Warns 5G Delays Will Hurt Competition, Profits

PYMNTS

The chairman of a European industry trade group has warned the uneven rollout of 5G wireless technology could hurt companies. In a tweet Friday (Sept.

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Credit Card or Personal Loan – Which One Is Right For Me?

BankBazaar

The most popular option during any financial emergency would be either a Credit Card or a Personal Loan. Depending on the nature of your emergency, you can choose either. We’ll help you pick. Choices can be in the form of taking money from friends and relatives, money lenders or your Mediclaim policy. But these options may not be beneficial at all times. So, you turn to Credit Cards or Personal Loans.

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

Consumer Sentiment Index Rises To 78.9 In September

PYMNTS

The University of Michigan Survey of Consumers reported that its Index of Consumer Sentiment registered a 78.9 result for September 2020 based on preliminary data, up from 74.1 in August 2020 but still below September 2019’s 93.2 level.

Weekly Wrap: Consumers don’t need branches, and bank incubators stay busy

BankInovation

It seems consumers need bank branches less than before. A Plaid study showed 80% of consumers now say they can bank without a branch. Banks like Citibank and Silicon Valley Bank, meanwhile, are launching new platforms out of internal incubators. “We

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets.

Did Seacoast wait too long to strike a deal?

American Banker

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers. M&A Coronavirus Growth strategies Paycheck Protection Program Community banks

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.