Tue.Nov 03, 2020

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Cash in hand: Consumers post-pandemic view of cash

ATM Marketplace

Data from the Federal Reserve indicates consumers have a lot of cash on their hands as a result of the pandemic. Most have used cash while paying in person during the pandemic.

Data 136
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The advantages of blockchain over traditional payments

Payments Dive

By eliminating middlemen, cross-border blockchain payments can result in even faster transfers while significantly reducing costs for both merchants and customers.

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Four Microsoft 365 Network Connectivity Principles You Need to Know (Part 3 of 4)

Perficient

Welcome back to part 3 of the “Four Microsoft 365 network connectivity principles you need to know” blog series! Last time we discussed the topic of local egress and how enabling local egress of Microsoft 365 data ensures the greatest chance of the traffic being routed through the closest Microsoft network point of presence in turn giving you the best performance.

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The Nine Things We Know For Sure About The Post-Pandemic Consumer

PYMNTS

There’s no shortage of pain points to catalog from the past six months: A global pandemic, worldwide economic disruption, record-breaking unemployment, an invasion by murder hornets — the hits never seem to stop. But the running theme through all of the frustration that 2020 has created is uncertainty and the feeling that one never quite knows what’s going to happen next.

Survey 342
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Why Instagram’s New Shopping Icon Is Changing Ecommerce Forever

Perficient

Earlier this summer, Instagram started testing a new feature by adding in a shopping icon, replacing the legacy activity feed icon. I have yet to see this feature on my personal Instagram account until this morning. While Instagram has recently released its new “reels” feature, this new step to replace the activity feed with the shopping icon shouldn’t be overlooked and is a very important development.

More Trending

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Oracle Enterprise Performance Management (EPM) System On-Premises Version 11.2.3 has been released

Perficient

Oracle Hyperion EPM on-premises version 11.2.3.0 has been released on Oracle Software Delivery Cloud. What’s New with EPM 11.2.3? Release 11.2.3 contains bug fixes for Windows and Linux only, support for TLS 1.2, and the ability to apply an update directly from 11.2.1 or 11.2.2 (using the Apply Update option in the EPM System Installer). For platform requirements and details, check out the Oracle Enterprise Performance Management System Certification Matrix.

System 309
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Today In Digital-First Banking: Zelle Exceeds 1B P2P Payments; China’s Digital Yuan Tests Process 4M+ Transactions

PYMNTS

In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data. Zelle Says P2P Payments Top One Billion Transactions.

Arizona 307
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Argus Safety, Oracle Clinical & RDC Release Notes [Nov. 2020]

Perficient

Perficient’s Life Sciences practice regularly monitors the software release notes for several Oracle Health Sciences applications, including: Argus Safety. Oracle Clinical/Remote Data Capture (OC/RDC). Thesaurus Management System (TMS). Generally speaking, we review release notes at the beginning of each month for the previous month. On occasion, there are no new releases and, therefore, nothing to review; however, we post a fresh version monthly to eliminate confusion.

Software 294
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Real-Time Payments Steps Up To Fulfill Demand For Faster Funds

PYMNTS

To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. Clearly, paper checks aren’t cutting it anymore. We’ve evolved. It’s time to embrace it, especially for financial institutions (FIs) and adjacent players that intend to stay relevant in this market.

Payments 274
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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China stops Jack Ma’s $35 billion Ant IPO from going ahead

Payments Source

The Shanghai stock exchange will suspend Ant Group Co.’s $35 billion IPO after Jack Ma was called in for “supervisory interviews" with Chinese regulatory agencies.

Groups 153
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Amazon Pledges To Fight Price Gouging As Demand Rises For Necessities

PYMNTS

Amazon has to keep up fighting off price gouging on its eCommerce platform, as a new wave of COVID-19 infections has prompted more panic buying, Fox Business reported. The panic buying mirrors that of the very early days of the pandemic, with everyday products like paper towels, toilet paper and cleaning supplies seeing more demand. That has allowed some sellers to perform price gouging, setting the prices for those things inordinately high.

Policies 268
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Visa-backed Brazilian card-issuing platform Conductor raises $150 million

Payments Source

São Paulo, Brazil-based payments fintech Conductor Technology has raised $150 million in a private equity round led by Viking Global Investors.

Cards 147
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Comcast And Walmart May Roll Out New Smart TVs

PYMNTS

Comcast and Walmart are in talks to develop new smart TVs, according to a report from The Wall Street Journal reported Tuesday (Nov. 3), citing sources. The decision comes as Comcast vies to enter more into the streaming world, rather than the TV channels for which it has long been known. The agreement would have Walmart promote TV sets running Comcast software and get a cut of the revenues, according to the news outlet.

Apple 265
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The State of Automation in Financial Services 2024 Report

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

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The private sector needs to step up for stimulus payments

Payments Source

It is a frustrating reality during a time of national crisis that emergency payment options for vulnerable populations remain such a complex and inefficient landscape, says Flourish Ventures' Sarah Morgenstern.

Payments 127
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Hong Kong Digital Payment Platform Statrys Lands $5M

PYMNTS

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement. “This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and ge

Payments 263
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The evolution of 'buy now, pay later'

Payments Source

Michael Moeser, Senior Analyst at PaymentsSource, talks to Alex Fisher, Vice President of Retail at Afterpay, an Australian company, about the factors behind the growth of the global 'buy now, pay later' market.

Retail 118
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Pandemic Converts Telemedicine Skeptics Into Users

PYMNTS

Digital-medicine company Teladoc Health recently turned to a trio of descriptives to characterize the current state of its business, which saw a third quarter bursting with triple-digit percentage gains in multiple areas. The company said it’s “exceeding expectations,” “building on momentum” and delivering “consistent growth” — all at once. If that wasn’t enough, just two days later, the completion of Teladoc’s $18.5 billion merger with Livongo hammered home the prospects for virtual healthca

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Bank-fintech relationships in the dark until US election results declared

Bobsguide

The Office of the Comptroller of the Currency’s (OCC) newly issued true lender rule for bank-nonbank lending relationships faces potential Congressional Review pending tomorrow’s US election results. “This [true lender] rule coming out now and going into full effect between the.

US 99
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Cybercrime Botnet Chief Ordered To Prison In $100M Scheme

PYMNTS

A Russian cybercriminal was sentenced to eight years in prison for his role in a sophisticated Botnet conspiracy that caused estimated losses totaling more than $100 million, according to a Department of Justice (DOJ) statement on Tuesday (Nov. 3). Aleksandr Brovko, 36, formerly of the Czech Republic, pleaded guilty in February to conspiracy to commit bank and wire fraud.

Virginia 260
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ATM coating targets COVID-19 and other ‘nasty things’

Payments Source

A new service from NCR aims to reduce surface transmission of the coronavirus through the application of an antimicrobial cleaning product that kills germs.

ATM 99
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Sweden’s Folksam Insurance Group Reports Data Breach Involving Big Tech

PYMNTS

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. Folksam shared client data with Facebook, Google, Microsoft, LinkedIn and Adobe, the Swedish company said in a statement on Tuesday (Nov. 3).

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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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91st Banking Diploma Exam Routine Published

FluentBanking

The Institute of Bankers Bangladesh published it's 91st Banking Diploma exam routine. This routine is published by IBB in the midst of the current pandemic situation when almost all the physical exam are postponed by the Govt. However, this exam was previously postponed due to the same situation. A few days ago Bangladesh Bank published a circular, where it instructed all the private, public and foreign banks to keep specific number for JAIBB and DAIBB while considering officers for promotion.

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Airbnb Establishes Host Endowment Ahead Of IPO

PYMNTS

Airbnb is earmarking 9.2 million shares to fund an endowment to support its hosts as the Silicon Valley unicorn prepares for an initial public offering (IPO), the company said in a recent statement. “As we prepare for Airbnb to become a public company, we want to institutionalize our commitment to hosting, and our investment in the host community,” said Brian Chesky, Airbnb co-founder and chief executive officer. .

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Royal Media offices closed for Election Day 2020

BankInovation

Royal Media, Bank Innovation’s parent company, is closed today to allow all employees to vote in the United States election. To our readers who are citizens of the U.S., we hope you will join us in voting this Nov. 3. You can click the link below to find your polling place or a local ballot […].

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CORO Global Brings Gold Payment App To Alabama

PYMNTS

The future is looking a bit more golden for CORO Global. The company – and its gold trading app – just expanded its reach in the United States with the addition of a license to operate in Alabama. The Alabama Securities Commission on Tuesday (Nov. 3) granted the Miami-based CORO a money transmitter license, giving it a green light to do business in the state.

Alabama 233
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.