Fri.Sep 06, 2019

Banks, merchants look for reforms, resilience in the face of natural disasters

Mobile Payments Today

Banks and payment networks found themselves highly vulnerable to the recent spate of major hurricanes.

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Bringing Biometric Payments To Retail


Amazon is reportedly testing a biometric payment system with a handful of customized vending machines for employee use. In disbursements news, a sizable portion of U.S.

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Radius bundles savings and debit rewards to build brand and deposit base

Bank Innovation

In a bid to grow its deposit base, digital-only Radius Bank is folding debit-based rewards and high-yield savings into one product called Rewards Checking. The account offers 1% cash back on debit transactions and up to 1.2% APY on savings.

Food Startup Novameat Can 3D Print Alt-Meat Steaks


Novameat, a Spanish food startup that wants to bring plant-based meat alternatives to the public, has gotten an investment from New Crop Capital to bring its 3D printed plant-based steaks to market, according to a report by TechCrunch.

Even Financial raises $25m to help banks automate customer acquisition

Bank Innovation

As banks increasingly take transactions to digital channels, the process to acquire customers also is shifting online thanks to technology that matches product offers to customers based on data. Indeed, Even Financial, a four-year-old startup, has built just such an API to help banks find customers.

Inside Australia’s Push For A Safe And Trusted Digital ID


The use of digital identities is becoming commonplace, and consumers are largely satisfied with their presence.

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More Trending

Alibaba Deal Signals Increasing Focus On Cross-Border eCommerce In China


Trade wars or not, cross-border commerce is among the hottest and most important trends in payments and retail, and that was underscored this week by China-based Alibaba’s announcement that it will buy NetEase ’s cross-border retail platform Kaola for $2 billion.

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August Jobs Report: Hiring Slows, but Wages Increase


This morning’s BLS Employment Situation Report showed a disappointing 130,000 net jobs created for the month of August. Analysts had anticipated a gain of 150,000 jobs. Moreover, 25,000 of those jobs created were by the Federal Government due to hiring for Census-related activities.

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Why WeWork’s IPO Strategy Could Make Investors Swipe Left


Investing in IPO s is a bit like dating. The firms going public want to make themselves look as attractive as possible. Typically, that means showing rapidly growing top lines – ideally rapidly growing earnings per share.

10 Considerations for Switching your ATMs to Windows 10

ATM Marketplace

When Microsoft first announced that it would end general support for Windows 7 in January 2015, followed by the end of the extended support program on January 14, 2020, these dates were seemingly light-years away

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Legal Cannabis Retail Innovates Its Way Around Payments Knot


Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. and Canada.

A ‘Housing First’ Approach to Homelessness

ABA Community Banking

The goal: help the individual or family obtain housing quickly, increase self-sufficiency and keep them housed. The post A ‘Housing First’ Approach to Homelessness appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Featured Affordable housing Bank community engagement

Citigroup Makes Credit Card Push


Even as the economy in the United States softens, Citigroup has been making a push for credit cards. The company is said to be among the most aggressive zero-interest balance transfer promoters, Reuters reported.

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Goldman Sachs lends $100 million to Mexican fintech Konfio

Payments Source

Goldman Sachs Group Inc. is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio Ltd. Fintech Venture funding Mexico

Small Biz FinTech Leads End-Of-Summer B2B VC


In the waning days of summer, venture capitalists appear to be in a lull: only $51.2 million was placed with B2B FinTechs this week. Startups in India saw the majority of that activity, while France and the U.S.

Are Chinese-made ATMs a risk?

ATM Marketplace

As the trade war between the U.S. and China continues to rage on, the ATM industry could eventually find itself in the crosshairs. How are financial institutions and IADs to protect themselves

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Tile Integrates Google Assistant To Help Users Find Lost Items


Cloud-based finding platform Tile has announced it is teaming up with Google for Google Assistant voice integration, according to a report. This is big news for Tile customers,” said Tile CEO CJ Prober. “If

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AI and machine learning are here—is your workforce ready?


Retail banks are taking artificial intelligence and machine-learning technologies and running with them. Armed with these tools, they’re adding speed and ease to banking and completely transforming the customer experience.

Fitbit Exec To Helm CVS Health Initiatives


Fitbit executive Adam Pellegrini will leave the company to join CVS and spearhead its initiatives in consumer health, according to a report by CNBC. Pellegrini will start his position on Monday (Sept. His official title will be senior vice president of transformation consumer health products.

Morning Brief 9.6.19: Apple exec Jennifer Bailey teases Apple crypto

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: Is Apple crypto in the works?; New iPhones may have fingerprint readers; Grab invests in AI; Upflow draws funding for invoice tech; Venice's vaporettos support contactless pay. Briefing

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Walmart Amazon Whole Paycheck Tracker: Fingerprints, Firearms And FedEx 


Both Amazon and Walmart topped the headlines this week, albeit for very different reasons.

This week in Fintech

Daily Fintech

Every day we bring you fresh insights about Fintech from an elite group of Authors who are just like you – senior executives, entrepreneurs and investors working in the global Fintech revolution.

Disrupting Wellness DTC With Text Messaging


The power of marketing to persuade is an interesting phenomenon in the age of Instagram because, stated simply, some ideas look better in pictures than they sound by description.

Podcast: A deeper look at ATM managed services

ATM Marketplace

In this podcast, Adam Hobelmann, VP of sales and marketing at Burroughs, talks about the company he works for and the changes he's seen in the ATM managed service business

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Flipkart’s PhonePe Valued at $7B; Boosts Walmart Shares


The payment arm of Flipkart, PhonePe, has been valued at $7 billion by Morgan Stanley, according to reports. The news is good for Walmart, which owns a majority portion of Flipkart. Walmart shares hit an all-time high of $118 on Thursday (Sept.

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EMV's proving its mettle in counterfeit reduction

Payments Source

counterfeit card losses have plummeted in the past four years, a signal the challenging EMV migration has made a dent. EMV Fraud prevention Fraud losses Card fraud Payment fraud pso cardline lead 1 Visa

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B2BE, LiquidFrameworks Integration Aims For Faster AR


B2B eCommerce solution provider B2BE announced a collaboration Thursday (Sept. 5) with mobile field operations management firm LiquidFrameworks, with the companies working on data integration to connect field data to organizations’ back offices.

User experience can, and should, have a number

Payments Source

Mobile payments speed and convenience is more than an abstraction, and needs to be quantified, says UJET's Anand Janefalkar. ISO and agent Mobile payments Payment processing Retailers Digital payments

Amid Trade War, US Job Growth Misses Estimates


The trade war, indirectly, seems to have had an impact on hiring. The latest data from the Labor Department show that in the United States, payrolls increased by 130,000, missing expectations for an August increase of 150,000.

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ING teams with AiFi to pilot Dutch cashierless convenience store

Payments Source

AiFi has partnered two global powerhouses in banking and groceries to pilot an Amazon Go-like convenience store in the Netherlands. Point-of-sale Retailers The Netherlands

Groupon Offers Discounted Medical Scans


Groupon is selling body scans and ultrasounds in a move that highlights the state of modern healthcare, according to a report by NPR.