Tue.Nov 17, 2020

Location verification can prevent QR code fraud

Mobile Payments Today

Mobile Payments Today interviewed André Ferraz, the CEO and co-founder of Incognia, a private identity company that provides fraud prevention by using frictionless identity location verification

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Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes


The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic.

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Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

Shopify Links Up With Alipay To Boost Merchants’ Cross-Border Sales


Shopify has expanded its payment options for merchants with a new partnership with Alipay , China’s payments app. The deal will unlock “the power of cross-border commerce for Shopify’s merchants,” Shopify said in a press release that called Alipay “Asia's leading digital wallet platform.”

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.

Global Trade’s New Normal: Why Banks Must Transform Trade Finance & Supply Chain Finance


Global trade is under unprecedented pressure from COVID-19 and geopolitical challenges, with supply chains affected by a range of factors firms cannot control.


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Amex finds new roles for its supply-chain financing tools

Payments Source

Two years after launching Early Pay to expedite B2B payments via discounts, American Express has added more tasks that surround transactions. B-to-B payments American Express Payment processing

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Revolut Brings Open Banking To Germany In Deal With TrueLayer


Revolut announced Tuesday (Nov. 17) that, in collaboration with TrueLayer, it will expand into Germany. Earlier this year, the European digital bank had taken on Ireland, France and Italy. In a press release, Revolut said the latest expansion would bring open banking to its users in Germany.

Uber taps Marqeta to support global payment projects

Payments Source

Virtual card company Marqeta will provide the platform to underpin Uber Eats' global growth and become the issuing partner for future Uber initiatives. Uber Payment processing Cards

Cambridge, Beanworks Continue X-Border Payment Partnership


Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.

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!

PayPal inks deal letting U.S. workers get paid before payday

Payments Source

PayPal's U.S. employees will gain access to their compensation as soon as they earn it through an agreement the company made with Even Responsible Finance. PayPal Paychecks Compensation

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Bank-FinTech Collaboration Tackles SMB Finance Friction


Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development.

Digital Deluxe: How a paper check company finds new markets

Payments Source

Kate Fitzgerald, Senior Editor at PaymentsSource, talks to Barry McCarthy, President and CEO of Deluxe, about the role legacy providers have in the world of modern fintech. Digital payments PayDirt Checking

Uber Teams With Marqeta To Issue Global Cards


Card-issuing firm Marqeta is forming a strategic partnership with rideshare giant Uber , to provide global cards and a payments infrastructure. “A A rapid digital transformation is upending everything from how we eat to how we navigate our cities.

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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.

Santander acquires Wirecard merchant account tech, employees

Payments Source

In a boost to its battle with non-bank digital platforms, Spain's Banco Santander has acquired technology assets from scandal-ridden German payments processor Wirecard. Santander M&A Wirecard Payment processing

Wardrobe Expands Reach In Closet-Sharing Economy With Rent My Wardrobe Merger


New York’s Wardrobe has expanded its geographical footprint in the emerging online clothing rental space by acquiring Dallas-based rival Rent My Wardrobe. Wardrobe said the merger will bring in tens of thousands of customers in addition to strengthening its position in the southern states.

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The online shift is harming security compliance

Payments Source

Bad actors have taken advantage of the work-from-home shift and bank’s digital channels to increase AML risk, says Jumio's Robert Prigge. Risk Payment fraud Authentication Payment processing Merchant

Worldpay: Pandemic Has Forced The Issue On B2B Automation


Compared to their direct-to-consumer (D2C) counterparts, the heavy-lifting, hardworking B2B businesses of the world have always been chided for being a few clicks behind when it comes to embracing and investing in payments technology.

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.

Holiday season 2020: Will it change shopping forever?

ATM Marketplace

Steve Villegas, VP of Payment Partnerships, North America at PPRO takes a close look at the upcoming holiday season and ways merchants need to pivot in order to stay competitive

NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds


Consumers’ banking habits have changed radically since the pandemic was first declared in March.

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Work-from-home adds another layer of ACH credit risk

Payments Source

Business e-mail compromise is a particular risk, says Nvoicepay's Josh Cyphers. Risk Payment fraud B-to-B payments ACH Payment processing

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PayPal Gives Employees Early Access To Paychecks Though Even’s App


PayPal employees will now be able to tap their earnings long before their paychecks officially hit their accounts in a deal with Even Responsible Finance, a startup founded to provide an alternative to high-cost payday lenders, PayPal announced Tuesday (Nov.

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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.

SPACs- Life in the Fast Lane

SWBC's LenderHub

Eager for action and hot for the game. The coming attraction, the drop of a name. Blowin' and burnin', blinded by thirst, they didn't see the stop sign…took a turn for the worst. – The Eagles, “Life in the Fast Lane”. Capital Markets

Deep Dive: How Biometrics Help Telecommunication Companies Fight Onboarding Challenges, SIM Swap Fraud


Consumers’ ownership of smartphones has become all but ubiquitous in the U.S. More than three-quarters of Americans carry a smartphone , with average users checking their devices 58 times a day.

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Reaching Hispanic Communities by Cultivating Good Will and Colorful Gardens

ABA Community Banking

A community bank finds multiple ways to build relationships across a diverse region. The post Reaching Hispanic Communities by Cultivating Good Will and Colorful Gardens appeared first on ABA Banking Journal.

Instacart Joins Forces With Best Buy To Roll Out Same-Day Delivery


Instacart and Best Buy are teaming for a new service to offer same-day delivery for Best Buy items nationwide, a press release announced.

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.