Thu.Jan 09, 2020

To 2020 … and beyond

Chris Skinner

Looking beyond 2020, there has been a rise of quite a number of folks looking to the longer-term future. Here’s the key ones I’ve picked up on so far. First is Royal Bank of Canada with their Imagine 2025 series. Quite an investment and lots of interviews and insights.

Amex moves closer to entering China’s $27 trillion market

Bank Innovation

American Express Co. cleared a key hurdle in its bid to accessing China’s $27 trillion payments market after the central bank accepted its application to start a bank card clearing business.

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Things worth reading: 10th January 2020

Chris Skinner

Trends 181

How to choose the right payment processor for your business

Mobile Payments Today

Payment processors can make running your business easier. But it’s up to you to make the right investment and select the one that will best suit your needs and make your customers happy

How To 148

Retail’s 2020 Digital-First Payments Roadmap

PYMNTS

Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization.

Retail 203

Big tech, the fintech challenge and the rise of the super app

Mobile Payments Today

As Big Tech encroaches upon banking, some of the leading app developers in the ride sharing and food delivery space are carving out a niche for themselves in financial services. The challenge posed by these companies could have profound implications for the future of payments

Banking Automation Summit registration opens with fresh agenda

Bank Innovation

Bank Innovation is proud to announce a brand-new event — 2020 Banking Automation Summit — designed to provide industry professionals with the necessary platform to share insights, trends, strategies and practices to automate back-office functions.

Miami 141

More Trending

With $125m Series B, HighRadius to expand outreach to client banks

Bank Innovation

HighRadius, a startup which offers tools to automate the corporate invoicing process, has raised $125 million in Series B funding to grow its product suite and expand its international reach, the company confirmed this week.

Tools 141

As Amazon Re-Enters High Fashion, New eChallenges Abound

PYMNTS

It’s all the fashion these days to battle it out online for more market share when it comes to selling clothes to consumers. Excuse the bad pun, but the fashion game looks ready to gain new energy this year, thanks to recent news involving Amazon.

Bank product development becomes a ‘game of thrones’

Bank Innovation

Look no further than Citigroup to catch a glimpse of the future of bank product development. In a revealing Meetup fireside chat yesterday evening, Alex Sion and Rachel Moore shared details on the inner workings of Citi’s internal innovation operation, known as D10X.

California Gig Decree Prompts Uber To Halt Upfront Pricing

PYMNTS

Uber is dropping upfront pricing in favor of estimates in response to the California gig economy law that took effect Jan 1. Reuters saw an email to riders and drivers on Wednesday (Jan.

Inside Citi Ventures’ internal ‘shark tank’ D10X

Bank Innovation

Citi Ventures is known for its investments in such large startups as Plaid, Square and Betterment, but it’s also focused on building innovation and entrepreneurship inside the bank.

Bitcoin Daily: Oman Port Teams Up With Blockchain Platform Tradelens, Crypto Exchange Binance Adds New Fiat Options

PYMNTS

The largest port in Oman, the Port of Salalah, has joined the blockchain shipping platform TradeLens, in an effort to transform into a more digital friendly enterprise, according to a report Wednesday (Jan. 8) by Coindesk.

Sceptics: Big numbers, tough crowd

Accenture

Accenture’s ground-breaking 2019 Global Financial Services Consumer Study has seen four mindsets emerge from the data: Pioneers, Sceptics, Traditionalists and Pragmatists. In this series of blog posts, we’ll look at each type in the Australian context.¹

Survey 156

The Latest Analog To Digital Battleground: Store Shelves

PYMNTS

Sometimes, a technology takes longer than expected to find its footing in a market. The ATM card, for example, was around for quite a while — since the early 1960s — before it fell into common use among U.S. consumers.

Tragegy or strategy? The relevance of the past for competitive advantage

ATM Marketplace

Bátiz-Lazo, departmental chair in Business History and bank management at Bangor University, in Wales, discussed the importance of creating a competitive advantage

Are Virtual Cards The Future Of B2B Travel Payments?

PYMNTS

When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers.

Cards 174

Tragedy or strategy? The relevance of the past for competitive advantage

ATM Marketplace

Bátiz-Lazo, departmental chair in Business History and bank management at Bangor University, in Wales, discussed the importance of creating a competitive advantage

Travelex Attack Forces Shutdown Of Samsung Pay’s Cross-Border Transfers

PYMNTS

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports.

Why would China soften its stance on U.S. payment firms?

Payments Source

China’s slow courting of U.S. payment companies made a tiny step forward this week, shortly after a similar gesture from the U.S. government that teases progress in the broader trade dispute. Compliance Network rules Payment processing China

US 72

Overcoming The Pre-Accounting Hurdle Of Data

PYMNTS

Following anxieties that robots would replace their jobs, small business (SMB) accountants are now on a path to potentially become more strategic partners with their SMB clients.

Data 170

How EU countries are using Brexit to lure U.K. fintechs

Payments Source

From Malta to Belgium, the past three years have served as something of a shopping market between payments-based fintechs seeking alternative jurisdictions through which they could still be licensed within the EU, and investment agencies hoping for a piece of their business.

Paytm Launches QR Code System For Multi-Platform Payments

PYMNTS

Indian financial firm Paytm will intensify efforts to become a major player in one of the world’s biggest payments markets, according to reports on Wednesday, Jan 8.

System 170

[Case Study] How Heritage FCU Increased Loan Protection Product Sales

SWBC's LenderHub

In February 2018, Heritage Federal Credit Union (FCU) launched a new program to encourage healthy competition, foster internal recognition, improve upon member service, member impact, and increase non-interest income with SWBC loan protection products—GAP, Payment Protection, and MMP.

Top News in Payments: Uber Halts Upfront Pricing in CA; Amex Cleared To Operate In China

PYMNTS

In today’s top news, Uber drops upfront pricing in California in response to the state’s new gig economy law, and the central bank in China said it accepted an American Express application to start working in the country. Also, Grubhub considers a potential sale or an acquisition by another company.

CA 166

Customer Satisfaction in Financial Services with AI-Powered Search

Perficient Financial Servies

Providing the ultimate customer satisfaction is the cornerstone of digital transformation. When a customer or potential customer searches your site, providing personalized content is a large factor in the quality of their engagement.

Tools 62

Airbnb: How To Win The $1.4T Battle For Millennials

PYMNTS

Airlines, hotels and homesharing platforms need strategies to satisfy the travel needs of four generations of jetsetters, each with different payment and booking preferences.

BankBazaar Moneymood® Report 2020 : A Deep Dive

BankBazaar

Looking for trends in India’s personal finance market? Let’s take stock of the key insights garnered from the Moneymood 2020 report presented by BankBazaar.

Metro 60

Have Wheels, Will Heal — Medical’s Transportation Ecosystem?

PYMNTS

While there is no shortage of issues to be solved in the U.S.

Video: Banks must publish faster and to higher standards

Bobsguide

While the regulatory wave that followed the financial crisis appears to have crested, financial institutions are still facing new challenges. Global and local regulators are demanding greater reporting integration across multiple business processes and faster reactions to change.

Video 86

Mastercard Launches AR App To Highlight Card Benefits

PYMNTS

Mastercard, in an effort to help customers better understand the benefits available to them, has launched an augmented reality (AR) program to highlight that information.

Cards 161

Sharing intel is the best way to combat payment crime

Payments Source

Fraudsters can attack multiple individuals with the same scam, knowing that the details won’t be shared. Sharing the details of a scam takes that advantage away, says The ai Corporation's James Crawshaw. Payment fraud Risk management ISO and agent Payment processing Merchant

Sprint, Wirecard Team On IoT Payments

PYMNTS

Sprint and Wirecard confirmed at CES 2020 Wednesday (Jan. 8) a new collaboration that will eventually integrate Wirecard’s commerce solutions into Sprint’s Curiosity™ Internet of Things (IoT) platform to establish the “Internet of Payments.”.

Market Map: 140+ Startups Shaping The State Of US Insurtech

CB Insights

Insurance is an old business, but technological innovation is breathing new life into the space. Across the US, trends like new P&C unicorns, the growth of cyber insurance, and increased insurtech M&A are grabbing headlines (as shown by CB Insights’ News Analysis tool ).

Walmart Expanded Mexico Market Share With 134 New Stores In 2019

PYMNTS

Last year, Walmart rolled out 134 additional stores in Mexico, increasing its presence there by almost 5 percent, CNBC reported on Wednesday (Jan. In 2013, Walmart opened 214 stores in Mexico, which is its largest foreign market with 3,407 stores, more than in any other country outside the U.S.

Worries about new payments tech are very old

Payments Source

Concerns about security and expense have dogged payments innovation for decades, and have always faded, argues Nvoicepay's Alyssa Callahan. Fintech Mobile payments Digital payments ISO and agent Merchant

Edenred Fortifies UAE Position With Mint Payroll Cards Acquisition

PYMNTS

Edenred is acquiring Mint ’s payroll card portfolio to bolster its leadership in the United Arab Emirates (UAE), Edenred announced Thursday (Jan. Mint is the second-largest company handling pay distribution and management for under- or unbanked UAE workers.

Cards 155