Payments Dive
MARCH 22, 2019
David Jones sits down with Mark Bunney, director of market strategy at Ingenico, to explore the global payments business and a world in flux
PYMNTS
MARCH 22, 2019
Singapore-based FinTech startup InstaReM , which enables banks and consumers to send money across borders , announced a partnership with First Data to assist businesses that issue corporate credit cards. The partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution for businesses like corporates and FinTech firms that need to issue cards to employees, vendors or consumers.
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Bank Innovation
MARCH 22, 2019
Bank of America's virtual assistant Erica has crossed 6 million users, representing growth of over 29% in the past three months. Considering BofA's 26.4 million active mobile users, the number of customers using Erica's might seem small, as only 22% of mobile customers use Erica. But this should not be seen as representative of customer […].
PYMNTS
MARCH 22, 2019
Mastercard plans to bring cashless transit solutions to more than 20 U.S. cities in the next few years, the company said on Friday (March 22). “From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said.
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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
Bank Innovation
MARCH 22, 2019
Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth, particularly as the number of merchants actively transacting on the platform was up 80% year-over-year. WeChat and its local version, Weixin, reached about 1.1 billion monthly active users, driven in part by the platform's payment […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 22, 2019
In the white paper, we explain how telco partnerships are an organic match for digital publishers to grow their user base and revenue.
PYMNTS
MARCH 22, 2019
The Internet of Things (IoT) has firmly taken hold, with new applications — focusing on the support of consumer, business and industrial use cases — now being developed and rolled out regularly. The adoption of IoT technology to support business use cases is particularly impressive. Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption.
Payments Dive
MARCH 22, 2019
FSS Card Management System has enabled a leading prepaid processor in the US to differentiate its card offerings and stay ahead of the curve.
PYMNTS
MARCH 22, 2019
While China’s Tencent reported lower-than-expected net profits in its fourth quarter earnings, some of its emerging businesses have seen significant growth. The company revealed that its Q4 net profit declined 32 percent to ¥14.2 billion ($2.1 billion USD), falling below analysts’ prediction of ¥18.3 billion. The decline was due to expenses for its portfolio companies and non-gaming investments.
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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
Payments Source
MARCH 22, 2019
The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge?
PYMNTS
MARCH 22, 2019
After sharp drops in bitcoin prices, a new study posits that almost 95 percent of all reported bitcoin trading is made artificially via exchanges that are unregulated. Bitwise Asset Management analyzed 81 exchanges during a four-day period in March for its report, which suggests bitcoin’s true market may be much smaller than what was once believed, The Wall Street Journal reported.
Bobsguide
MARCH 22, 2019
The monumental shift from online to mobile trading has gone hand in hand with digital natives and the convenience it provides. But such democratisation comes with a warning – compliance is as critical to mainstream success as ease of use and information quality. Emerging firms now seek to.
PYMNTS
MARCH 22, 2019
If data makes the world go ’round, so, too, does it garner investor interest, as evidenced by venture capital and other investors’ funds coming into the coffers of corporates that scrape the web for information. Thinknum. Thinknum , which provides web-sourced alternative data, has garnered $11.6 USD in series A funding from a consortium of investors, including Green Visor Capital.
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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.
Payments Source
MARCH 22, 2019
Marqeta, which launched in 2010 with a payments platform to support payments through mobile and virtual channels, reportedly has attracted $250 million in a new funding round, which would bring its total funding amount to more than $350 million.
PYMNTS
MARCH 22, 2019
Apple has reportedly acquired API integration developer Stamplay for 5 million euros ($5.678 million). The Rome-based startup won a contest to make the best use of new Visa APIs, according to Venture Beat. While it’s unknown exactly why Apple is interested in Stamplay, the fact that the company has experience in the financial payments industry could be beneficial to the tech giant with Apple Pay, its digital payment service.
Payments Source
MARCH 22, 2019
The information you need to start your day, from PaymentsSource and around the Web: Apple acquisition; Facebook security woes; Square courts crypto; and more.
PYMNTS
MARCH 22, 2019
With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Businesses and banks under its purview are preparing for one specific change under the regulation: Strong Customer Authentication (SCA).
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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.
Payments Source
MARCH 22, 2019
One of Bitcoin’s sharpest critics highlighted the risks of central banks issuing their own digital currencies to the general public, saying it could undermine both financial stability and monetary policy-making.
PYMNTS
MARCH 22, 2019
Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg. In the past, Carstens has called Bitcoin “a bubble, a Ponzi scheme and an environmental disaster.
Payments Source
MARCH 22, 2019
Mastercard and Lazada, an Alibaba affiliate, have joined forces to collaborate on e-commerce systems for developing markets in the Southeast Asia region.
PYMNTS
MARCH 22, 2019
As restaurants continue to wrestle with the questions that come with food delivery — how to make enough money, whether to work with third-party operators, how to manage customer relationships — a new factor is gaining significance. Kitchens designed to handle only delivery orders are increasing in popularity and could help some restaurants find a delivery process that suits them better than existing options.
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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.
Long Lasting Ideas
MARCH 22, 2019
Back in. 1994, in the days when telephone banking was new and transactions were still. hand-to-hand over the counter, a friend opened a new account in a North. Carolina community bank. He made a $1,500 deposit in cash to open the account. Two days. later, he wrote two checks to his new landlord totaling $900 to cover his. deposit and first month’s rent.
PYMNTS
MARCH 22, 2019
Small and medium-sized businesses (SMBs) are the lifeblood of many economies — Europe’s among them — and working capital is the lifeblood of SMBs. Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. One way to secure funding is to use invoice financing. But even that conduit has its speed bumps, as firms must find investors willing to take the other side of the transaction.
ATM Marketplace
MARCH 22, 2019
"Changing consumer ATM habits and how to address these for success," a breakout session at last month's ATMIA US conference, gave financial institutions and independent ATM deployers a look at results from a TNS study that illuminated opportunities to increase ATM user satisfaction and boost operator revenues.
PYMNTS
MARCH 22, 2019
WhatsApp Business has started to roll out its services on iOS , more than a year after it launched on Android. The app, which is separate from the original WhatsApp, allows businesses to easily communicate with their customers. According to WABetaInfo , the app has been found in the Mexican App Store, as well as in France and Brazil. Free for businesses to download and use, WhatsApp Business enables small and medium-sized businesses (SMBs) to reply to their customers directly, set away and greet
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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.
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