Fri.Nov 15, 2019

SunTrust Banks' Vitale says mobile customers still want a little bit of friction

Mobile Payments Today

Andy Vitale, head of user experience design at SunTrust, says creating a mobile banking expereince for customers is about learning how they use their devices both in and out of the bank.

Why The Future Of Brick-And-Mortar Isn’t About Sales

PYMNTS

In 2014, it was hard to pick up any article about retail and not end up reading an obituary for the mall.

Why Arvest Bank is focusing on customers’ future credit profiles

Bank Innovation

Fayetteville, Ark.-based based Arvest Bank is using underwriting tools from TransUnion to assess current customers on their suitability for financial products in the future.

Tools 130

TCH Gives Banks An Open Banking Template

PYMNTS

Against the backdrop of Open Banking, and in an effort to compete, financial institutions (FIs) must give consumers the ability to share their data with third parties, including FinTech firms.

Adyen launches card issuing product to deepen relationships with clients

Bank Innovation

Adyen, the Netherlands-based company that supports back-end payments capabilities for marketplaces like eBay and Etsy, is getting into card issuing.

Cards 130

A Strong Loan Review System Is Good for Your Business

Abrigo

Key Takeaways Effective credit risk review promotes lending agility. Many of the objectives of a credit risk review system support business goals. Keys to effective loan review are independence, sufficient standing in the organization, and adequate funding.

System 130

Marqeta adds CMO and new tools to help clients expand

Bank Innovation

A company that operates quietly in the background of popular financial apps and platforms is taking steps to become more visible.

Tools 130

More Trending

Weekly Wrap: FICO fights fraud with selfies, as tech providers pitch ‘social’ banking

Bank Innovation

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 15, 2019.

Fraud 130

‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data

PYMNTS

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. 15) that the U.S.

Porn site says PayPal ban will hurt more than 100,000 performers

Bank Innovation

PayPal Inc. is blocking transactions at Pornhub, a move the adult-video site says will halt payments to “over a hundred thousand performers who rely on them for their livelihoods.” PayPal took steps to stop the Pornhub transactions after a review of the situation, the online-payment giant said. “We

Video 130

Bending Card Rails For B2B Payments Optimization

PYMNTS

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner.

Cards 169

Digital is transforming the European specialty finance industry

Accenture

Why Mobile Will Make Holiday 2019 Merrier For Retailers And Shoppers

PYMNTS

The upcoming holiday shopping season is expected to break records in online spending, according to a study by Adobe Analytics. That’s even with a shorter shopping season. This year, Thanksgiving lands on Nov.

Retail 158

Alberta Investment Management deploys Nutanix Enterprise Cloud

Bank Innovation

Alberta Investment Management Corporation (AIMCo) is one of Canada’s largest and most diversified investment managers, committed to finding the best investment opportunities from around the world for its clients. To support its strategy of employing innovative, best-of-breed applications via a service-oriented architecture, it has chosen to use Nutanix Enterprise Cloud. The Nutanix environment supports a […]. Sponsored

Mobile Will Make The Holiday Season Merrier for Retailers And Shoppers

PYMNTS

The upcoming holiday shopping season is expected to break records in online spending, according to a study by Adobe Analytics. That’s even with a shorter shopping season. This year, Thanksgiving lands on Nov.

Retail 158

Open Banking is already here. Open data is just beginning.

Accenture

Today, the vast majority in the industry have heard the term Open Banking, but what does it really mean? The answer isn’t as simple as many people might think. In the UK and Ireland, we mostly use the term when referring to regulation introduced on the back of the EU’s PSD2. Globally, however, the term…. The post Open Banking is already here. Open data is just beginning. appeared first on Accenture Banking Blog. Payments APIs Open Banking Open Data PSD2

Data 120

Deep Dive: The Many Roads To Digital-First Banking

PYMNTS

PYMNTS’ Where Will We Bank Next? S urvey found that banking customers are increasingly placing a higher value on convenience, personal data security and appealing products. These offerings are becoming table stakes for banks, with 34.8

Video 158

Jack Ma sees virgin land in Africa for e-commerce entrepreneurs

Payments Source

Jack Ma, the co-founder of Alibaba Group Holding Ltd., said African entrepreneurs will find countless opportunities in e-commerce, logistics and e-payments as the continent prepares for the start of a free-trade deal. E-Commerce Payments Retailers Africa Asia

Mesh Eyes Virtual Cards For Global B2B Payments

PYMNTS

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department.

Cards 158

Crypto industry courts gold bugs as bitcoin loses some luster

Payments Source

The cryptocurrency world is seeing a surge in the issuance of gold-backed tokens, with some of the digital-asset industry’s biggest and most controversial participants joining in on the fresh gold rush. Cryptocurrencies Bitcoin Digital payments Retailers

‘Simple’ Will Be Instant Payments Breakthrough Innovation

PYMNTS

When the history of the paper check is written someday, scholars will not note it was the best payments form, nor the fastest, cheapest or most beloved. Paper checks in the closing days of the 2010s are not only less than beloved, they are also widely disliked.

This Week in Fintech

Daily Fintech

Daily Fintech brings fresh daily fintech insights from people just like you – senior executives, entrepreneurs & investors working in the fintech revolution. Our weekly summaries give you a look at what you will get by reading the whole article.

Adyen Adds Card Issuing By Merchant Demand

PYMNTS

Dutch global payments platform Adyen announced it is launching card-issuing services to its customers. Adyen Issuing will enable clients to provide customers with virtual and/or physical cards that can be used online, in-app or in-store. The cards can also be integrated into mobile wallets.

Cards 158

Germany tries to force Apple to open iPhone NFC chip

Payments Source

Lawmakers in Germany have passed a law that would require Apple to open the iPhone’s NFC chip to other mobile payment providers. Mobile payments NFC Apple Germany

Apple 65

Top News In Payments: Adyen Adds Card Issuing By Merchant Demand; Amazon Echo Smart Speakers Outselling Google Home

PYMNTS

In today’s top payments news, Walmart CEO Doug McMillon said eCommerce isn’t quite where it needs to be revenue-wise, but that it will be one day. Also, Grab CEO Anthony Tan said his company won’t go public until it’s profitable. Adyen Adds Card Issuing By Merchant Demand.

Google 151

Podcast: Meeting the growing demand for mobile debit, ATM funds access

ATM Marketplace

As consumers have been switching to online banking, the ATM also has been impacted by the quest to go digital. Kamesh Tumsi, VP of product strategy at Fiserv card services, gives us the scoop on the digitizing of ATM transactions

October Retail Up 0.3 Percent Despite Trade War, Recession Fear

PYMNTS

Retail sales rose 0.3 percent in October, rebounding from a 0.3 percent drop the previous month, CNBC reported on Friday (Nov. 15), citing a U.S. Commerce Department report. . Economists surveyed by Reuters and The Wall Street Journal expected a 0.2 percent increase.

Retail 151

Conference Call: Moving Cannabis Payments Out of the Shadows

Payments Source

The $10 billion legal U.S. cannabis industry is expected to reach $25 billion in annual revenues over the coming years, yet much of how cannabis bought and sold in the U.S. is still cash-based, with a few creative alternatives. In Canada, it's a completely different story. Cannabis

Amazon Echo Smart Speakers Outselling Google Home

PYMNTS

As smart speakers surge in popularity, Amazon Echo is the clear leader, outselling Google Home by a wide margin, SlashGear reported on Friday (Nov. 15), citing research from analyst firm Canalys.

Google 151

U.K. payments authority rejects scam victim fund proposal

Payments Source

Modern technology is making it easier for fraudsters to trick consumers into believing they are making payments from their accounts to legitimate providers, but governing bodies in the U.K. are putting the brakes on rushing to create a new fund to compensate victims of those scams.

Can Real-Time Data Render Credit Scores Obsolete?

PYMNTS

The rise of faster peer-to-peer (P2P) payment services has had an unintentional ripple effect for businesses, banks and merchants. With customers able to send money to family and friends with a few taps of their smartphone, frustrations can arise when businesses are unable to deliver similar speed.

Data 151

Why payments fraud is turning into a rise of the machines

Payments Source

Fraud attacks and their avenue of entry are generally regarded as mysteries to most of the companies that suffer from them. Payment fraud Data breaches Security risk pso intraday lead pso wallet lead Mobile wallets

Fraud 60

Tim Armstrong: Nike’s Departure From Amazon Could Lead To DTC ‘Megatrend’

PYMNTS

Earlier this week, Nike announced it will no longer sell its wares on Amazon, instead opting to follow a growing trend in eCommerce where companies sell directly to consumers (DTC). On Friday (Nov. 15), internet entrepreneur Tim Armstrong said Nike’s move was the “tip of the iceberg,” and that an increasing number of companies will opt to ditch Amazon and sell their products themselves, according to a report by CNBC.

A currency basket to back stablecoins won't work

Payments Source

A basket of currencies will include a mix of national interests and involve internal and external politics, says Stasis' Gregory Klumov. ISO and agent Cryptocurrencies Digital payments Payment processing Retailers

House Committee Approves Ban On Controversial SMB Loan Tactic

PYMNTS

The U.S. House Financial Services Committee has voted in favor of banning a controversial practice in small business lending, The Washington Post reported Friday (Nov.15).

Kansas 141

Morning Brief 11.15.19: Target expands same-day delivery via Shipt unit

Payments Source

Pakistan, Thailand build national pay systems; EZ-Link seeks Singapore bank license; and other information you need to start your day, from PaymentsSource and around the web. Briefing

Grab CEO: No IPO Until Business Shows Profits

PYMNTS

Grab Chief Executive Officer (CEO) and Co-Founder Anthony Tan said the Southeast Asia ride-hailing platform will not launch an initial public offering (IPO) until the company is profitable, CNBC reported on Thursday (Nov.