Fri.Jan 08, 2021

Contactless Payment: The future of public transportation

Mobile Payments Today

When it comes to moving forward, what type of payment structure can customers count on from public transportation? Jed Danbury, vice president at Computop, a global payment service provider, shares his thoughts on how customers can benefit on transit

CBDC and Technology: Enabling Blockchain to Drive Change

Accenture

Central bank digital currency (CBDC) represents a potential digital sea change in the daily function of finance. The key innovation is the adoption of a value-based, or token-based, approach to money.

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Stimulus Check Visa Debit Cards Being Mailed To 8 Million Households

PYMNTS

Roughly 8 million stimulus check Visa debit cards are being mailed to households this week, the U.S. Treasury Department said in a press release on Thursday (Jan. The Economic Impact Payment (EIP) cards were issued by MetaBank, N.A. as part of the second round of COVID-19 stimulus money.

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6 ways 2020 was a bad year for credit cards

Payments Source

The COVID-19 pandemic of 2020 saw some businesses become big winners — such as Zoom, Home Depot and payments companies like PayPal — while other businesses suffered heavily, most notably the travel and hospitality industries.

Cards 134

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.

New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A

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Keeping A Forward-Looking View In FinTech Adoption

PYMNTS

For many businesses, the sudden shift to a work-from-home model created chaos. Organizations large and small were forced to migrate to online and cloud-based solutions to keep operations moving, often with significant friction.

IRS, Treasury to send 8 million Visa prepaid cards to speed delivery of stimulus funds

Payments Source

The Treasury Department and IRS are sending out approximately 8 million Visa prepaid cards to deliver a second round of Economic Impact Payments (EIPs) to consumers. Prepaid cards Coronavirus

Cards 108

Amazon's Prime Pantry Delivery Service Is Discontinued

PYMNTS

Amazon has ended one of its first efforts to sell food online, with the eCommerce retailer closing its Prime Pantry service. Many items available under the Prime Pantry name in the past were integrated into its main website, Bloomberg reported. “As

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Lending in 2021 – Find Your Why

Strategically Speaking

As we look back upon 2020 it’s easy to feel as though we’ve stepped into an alternate universe. Who might have guessed, heading into the year that a health crisis would emerge and reverberate through the economic and social fabric of our world?

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!

Equifax Strikes Deal To Buy Kount

PYMNTS

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million.

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Self-service kiosks and in-house staff: New technology, new roles

ATM Marketplace

Consumers want self-service, but they also want to speak to an employee when necessary, according to the keynote presentation during the recent Self-Service Innovation Summit. The degree to which a customer wants an employee involved varies significantly among industries

Do The Math: COVID Shows How Easily The Healthcare System Is Overwhelmed

PYMNTS

Even though he thinks waves of the coronavirus will be around for at least another year or two, LeanTaaS CEO Mohan Giridharadas said that at least one side effect of the pandemic could affect the healthcare system forever. “I

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Can casino payment tech sustain ATMs as cash use declines?

Payments Source

There's a way to manage the tricky balance between rapid digitization and the people who still need or prefer cash, and for Ram Chary it can be found in a casino. Digital payments ATMs Coronavirus Cash

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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.

‘Ubiquity Of Access’ Drives Growth At Rent-A-Center’s Preferred Lease Unit

PYMNTS

At a time of huge digital transformation when consumers have quicker access to more products and services than ever, why be clunky if you can be seamless?

Cards 219

Darrin Williams: Behind the Scenes at an Innovative CDFI

ABA Community Banking

CEO Q&A. The post Darrin Williams: Behind the Scenes at an Innovative CDFI appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Featured Retail and Marketing Uncategorized Wealth Management Community development Community engagement Financial inclusion Rural banking

Will SPACS Be Back (With A Bang) In 2021?

PYMNTS

Bright spots? In 2020? There were not many of them, we’ll admit. But there were incandescent pockets here and there, if you were an investor, and specifically if you invested in special purpose acquisition companies (more commonly known as SPACs).

Equifax to tackle e-commerce fraud with $640M Kount deal

Payments Source

The credit reporting firm has been building out its identity and fraud protection business for existing customers, which include many of the world’s largest banks and telecommunications companies. Fraud M&A Credit reporting Credit cards E-Commerce

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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.

Robinhood May Sell Shares Directly To Users If It IPOs

PYMNTS

Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO).

Politics and pandemic are pushing local payment schemes

Payments Source

Trade war bans on payment apps are pressuring large companies and providing opportunities for regional specialists, says Nets' Sirpa Nordlund. Fintech Mobile payments Ant Group Cross border payments WeChat

Five Fast Facts On Fighting Checkout Friction

PYMNTS

The year 2020 meant big changes for retailers that had primarily defined themselves by physical interaction as brick-and-mortar merchants were forced to adapt to an eCommerce-focused world as their best option for holding on to their now homebound customer base.

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Credit union branch expansion continues in face of pandemic

American Banker

Despite limiting on-site visits and adding more self-service channels, the industry is forging ahead with plans for hundreds of new or expanded brick-and-mortar locations. Branch network Branch management Consumer banking Branch banking

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.

B2B FinTech Kicks Off 2021 With An Investment Bang

PYMNTS

B2B FinTech startups have stepped into 2021 with a bang, as industry players raised more than $910 million in combined funding. Backers zeroed-in on a range of industries, including SMB banking and lending.

Automated invoice adoption lags despite FI investment

BankInovation

The irony of automation is that while companies are pushing to automate payments, many are still dealing with paper-based invoices. In 2021, companies will look to change that, predict some industry leaders.

Amazon Pulls The Plug On Prime Pantry

PYMNTS

It looks like another bit of consolidation in the wild world of grocery retail as Amazon has officially shut down its Prime Pantry services — rolling the shelf stable goods lineup to the main Amazon Website where they will be adorable as part of the general listing.

Are Treasury, FHFA running out of time to approve GSE capital boost?

American Banker

The agency that supervises Fannie Mae and Freddie Mac has pushed for revising an agreement with the Treasury Department allowing the mortgage giants to retain their profits. A deal could be out of reach once Joe Biden takes office. GSE reform Steven Mnuchin Housing finance reform Mark Calabria

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.