Payments Dive

MARCH 29, 2019

Instagram's new in-app shopping experience with PayPal is testing how social media can influence retail shopping and payment decisions

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PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). “ This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, ” the announcement said. “ Powered by blockchain-enabled solution, the R

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Bank Innovation

MARCH 29, 2019

Challenger banks are posing a real threat to traditional banks. How real of a threat? According to a new Citibank report, the incumbent banks face up to a 30% revenue hit thanks to competition from digital-first banks as well as big tech players like Google, Amazon and Apple, which are slowly making their way into […].

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Payments Dive

MARCH 29, 2019

Learn more about how IoT connectivity already plays a key role in delivering increased personalization and convenience to the customer experience. Benefiting from the flexibility and simplicity of a fully managed cellular IoT connectivity service, retailers can operate anywhere, any time.

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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

Bank Innovation

MARCH 29, 2019

Digital bank TymeBank and conversational banking technology provider Finn AI have teamed up to bring a low-cost, AI-powered experience to underserved consumers as well as small and micro businesses in emerging markets. TymeBank, which was awarded the first full banking license in South Africa in about two decades, signed up over 100,000 customers within the […].

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Payments Dive

MARCH 29, 2019

TNS and P97 Networks are leading the way in facilitating secure and reliable connected vehicle and mobile payments across North America and Europe. Download our case study to learn more about this partnership which has already enabled in-dash fuel payments for over 3 million vehicles across the United States.

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PYMNTS

MARCH 29, 2019

New research from UBS points to the largest spenders on bank technology: JPMorgan and Bank of America. Reports in Business Insider on Thursday (March 28) said UBS has published a report that breaks down U.S. banks’ technology budgets and explores which institutions are spending the most on innovation, using transcripts from conference calls, internal bank data released by the institutions and data from FactSet to reach its conclusions.

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Payments Source

MARCH 29, 2019

The next step for trucking industry payment providers is tapping the full benefit of available data streams as they upgrade from decades-old paper-based payment systems to cloud-driven mobile apps.

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PYMNTS

MARCH 29, 2019

Demand for instant and peer-to-peer (P2P) payments is heating up, and financial institutions (FIs) are seeking to cater to that need, knowing that if they don’t, their customers are likely to turn elsewhere. This month’s Faster Payments Tracker explores the latest developments, as FIs and other companies seek to provide or tap into accelerated payment services.

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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

Bobsguide

MARCH 29, 2019

It will take four to five years for the treasury management sector to embrace blockchain technology in assisting with calculations of reference rates, according to John Byrne, owner of Salmon Software. “If you ask any corporate treasurer would they use blockchain as an alternative, you.

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blockchain Management Software Technology 76

PYMNTS

MARCH 29, 2019

The marketplace economy — name a vertical within that space, whether it’s ride-hailing, project design or eCommerce — is growing by leaps and bounds, crossing borders and (at times) regulatory jurisdictions. To gain critical mass, online marketplaces that are just starting out need to onboard as many customers and suppliers as possible to ignite. However, the two sides of any given transaction may never see one another, so trust is crucial.

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Payments Source

MARCH 29, 2019

In the emerging ecosystem economy, merchants will need to provide a seamless buying journey for customers. That means everything from a dynamic user interface and smart authentication to contactless payment options for faster transaction times, writes Paul Perry, a contributor for the technology company Relay.

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PYMNTS

MARCH 29, 2019

Grab , the ride-hailing startup, is in discussions with Ant Financial , the payment affiliate of Alibaba and PayPal, about spinning out Grab Financial Group. According to a report citing two sources with knowledge of the talks, Grab Financial Group, which is home to GrabPay, the digital payment service that also sells insurance and provides loans, will be spun out as an independent business.

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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

Bobsguide

MARCH 29, 2019

The in-house technology employed by Starling Bank gives the digital-only challenger great advantage over their incumbent competition when it comes to reacting to fraud. That’s according to the bank’s head of fraud, Catherine Walpole - who was speaking yesterday on a bobsguide.

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Fraud US Technology 68

PYMNTS

MARCH 29, 2019

Apple ’s move into streaming TV services has a notable skeptic: Berkshire Hathaway Chairman Warren Buffett. “I’d love to see them succeed, but that’s a company that can afford a mistake or two,” Buffett said at The Gatehouse’s Hands Up for Success luncheon on Thursday (March 28), according to CNBC. “You don’t want to buy stock in the company that has to do everything right.”.

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Payments Source

MARCH 29, 2019

The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort.

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PYMNTS

MARCH 29, 2019

Another baseball season has started, much to the delight of many consumers, including those insufferable and pretentious fans who consider football something that happens between the World Series and spring training. Cue the memories, the emotional music, the waxing nostalgic about past players and all those ballpark hotdogs with parents and pals. Recall, too, all those instances in which sports helped shape payments.

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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.

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Payments Source

MARCH 29, 2019

The information you need to start your day, from PaymentsSource and around the Web. Today: Square and Apple Pay go to the ballpark; Government payment gateway draws funds; CoinAcquiring approaches merchants; Movie ticket subscriptions get even more crowded.

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Apple Payments 67

PYMNTS

MARCH 29, 2019

Research and analysis firm Bernstein said Starbucks’ changes to its rewards program could alienate some of its customers, according to a report by CNBC. The coffee giant announced it was revamping its rewards program in a push to attract new customers, in the midst of slowing traffic in its North American stores. The company’s loyalty program makes up about 40 percent of its daily transactions.

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Payments Source

MARCH 29, 2019

Mobile technology provider Mahindra Comviva developed a software integration for issuing banks and third-party digital wallet providers to add contactless payment capabilities to their mobile products in India.

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Software Mobile Technology Payments 65

PYMNTS

MARCH 29, 2019

Sinemia, the movie subscription service in direct competition with MoviePass, surprised customers by cancelling a number of accounts, according to a report by TechCrunch. “Sinemia is a FinTech company in the entertainment industry. Just like any other FinTech company, Sinemia also faces its own challenges of fraud,” the company said. “After conducting a detailed fraud detection analysis earlier this month, Sinemia has terminated a very small number of user accounts for fraudulent activity and m

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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

NCR

MARCH 29, 2019

Your participation in Pride Month and related marketing efforts should come from an authentic desire to serve the LGBTQ community. According to Nielsen, these households spend 7% more on average than non-LGBTQ households.

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Community How To Marketing 72

PYMNTS

MARCH 29, 2019

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. Fans can use the Square-owned Caviar app and the Square POS terminal to order everything from food to beer and wine while enjoying the game from the stands. When the order is ready, they’ll receive a notification in the form of a beep.

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ATM Marketplace

MARCH 29, 2019

Spring has sprung. and with it, a new crop of Top 5 features for ATM Marketplace, with themes ranging from Windows 10 migration to acquisition aftermath to one of the most talked-about topics of the year (so far), opportunities in ATM outsourcing.

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ATM 49

PYMNTS

MARCH 29, 2019

For foes of robocalls, there came a bit of poetic justice in recent weeks, courtesy of John Oliver, host of the weekly HBO comedy-news program “Last Week Tonight.”. The comedian, fed up with what he viewed as the Federal Communication Commission’s inability to crackdown on those automated phone calls — including those made on behalf of financial institutions to collect consumer debt — got his revenge via a simple software program that targeted FCC commissioners with robocalls.

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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.

Lending