Fri.Nov 24, 2017

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Europe Needs to Catch Up in the ICO Race

Bank Innovation

ICO funding has quadrupled in 2017, with $2.8 billion raised using the unconventional method this year compared to just the $228 million raised by ICOs in 2016. The U.S. and Asia are the leading places for ICOs, according to the Initial Coin Offering Funding Report, which was released last week by data analytics company Funderbeam […].

Analytics 230
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The future of shopping: Staffless. Cashless. Gapless.

Payments Dive

ICXA Managing Director Christopher Hall muses about customer experiences that are cashless, staffless and have no gaps in covering customers everywhere they go.

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UPS Hits Retailers With Holiday Shipping Fee Surprise

PYMNTS

With the holiday shopping season in full swing, retailers are facing a new challenge: extra shipping fees during the busiest weeks. The Wall Street Journal reports that United Parcel Service (UPS) is adding on a surcharge to packages shipped to homes around Black Friday and the week before Christmas in a move to compel retailers to send their orders outside those peak periods.

Retail 217
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Dream Payments Is Gearing Up for U.S. Market Expansion

Bank Innovation

EXCLUSIVE – Cloud-based payment processing platform, Dream Payments is marshaling forces for a major U.S. launch next month. The payments platform, which has been live in Canada since 2016, will go live with one of its payment solution products in mid-December, CEO Brent Ho-Young told Bank Innovation. The solution is Dream Payments’ point of sale product, […].

Payments 186
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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U.S. Consumers Favor Small Biz Over Big Malls

PYMNTS

Good news for small- and medium-sized businesses (SMBs): Spending growth at mom and pop shops has outpaced that of the big chains in both of the past two years. According to Bloomberg reports on Wednesday (Nov. 22), purchasing patterns research from Sarah Quinlan, senior vice president at payment processing giant Mastercard Inc., found that when Americans aren’t shopping online, they’re looking for more personal connections and the advice they can receive from local SMBs.

Retail 166

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How Google Plans To Power Up Mobile Shopping For The Holidays

PYMNTS

Just in time for the holiday season, Google is expanding its mobile shopping experience, including showing buying guides for broad categories and adding more information for specific product searches. “When you search for a specific product, Google.com now shows you other helpful information, like related items, and allows you to compare reviews, prices and other specs, side by side,” wrote Google product management director for Google Shopping, Jennifer Liu, on Google’s The Keyword blog.

Google 136
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Next Money São Paulo 2017: Spotlight on Blockchain

Let's Talk Payments

The Next Money Global Conference Edition São Paulo held at the beginning of November (the only one in Latin America), brought together entrepreneurs, technology, and financial companies, specialists and investors.

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Auto Industry Predicts Black Friday Sales Bump

PYMNTS

Auto industry analysts are predicting extended Black Friday deals will offer a bump in car sales this year. Reports in Reuters said industry consulting and auto shopping website Edmunds is forecasting a 3.5 percent increase in car sales in November, thanks to Black Friday sales that extend for a full month. Analysts predict 1.4 million new cars and trucks will sell during the time frame.

Industry 129
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Ten years of contactless – where next for the technology?

NCR

Contactless payments technology has come a long way in the last few years, particularly in markets such as the UK, where strong efforts have been made to embrace the technology and provide the necessary supporting infrastructure. According to the UK Cards Association , there were 108.4 million debit and credit cards in use in the UK as of April 2017, supporting 416.3 million contactless transactions worth £3.9 billion a month.

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The State of Automation in Financial Services 2024 Report

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

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Walmart’s Nimble Footed Sizzle, Digital Watches And Wall Street’s Watch Big Retail Fizzle

PYMNTS

Earlier in the millennium, there was a book titled, Who Says Elephants Can’t Dance? — a chronicle of IBM’s transformation from troubled business to tech behemoth. That title has become a kind of shorthand for large firms that find a sustained way to be nimble in the face of challenges that demand transformation and rapid response to new threats. In the retail world, one pachyderm has been learning to dance in all manner of ways, displaying the chops to tango, watusi and foxtrot as situations de

Retail 128
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Editor's pick: 50 days until PSD2

Bobsguide

With 50 days to go until PSD2 comes into force on the 13th of January 2018, we've compiled five articles to help clarify and keep you, the digital finance industry, updated on all aspects of PSD2. Everything you want to know about PSD2 but were too afraid to ask.

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Busting The Door Busters On Black Friday

PYMNTS

What has a pre-season, post-season, and championship playoff? If you said “football,” you’re not wrong – but the terms could also apply to the holiday shopping season, which has swelled so much in recent years that it has almost become three seasons in one. There are the weeks leading up to Black Friday , during which retailers start announcing deals and many begin to offer discounts: the pre-season.

Retail 128
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Zelle Processed $1.5 Billion Worth of Payments in October – Up 90% From the Same Month Last Year [Curated Content]

Let's Talk Payments

Pre-Thanksgiving week has been rich on interesting updates across sectors, some of which represent a significant push in adopting new technology, embracing startup partnerships, and expansions into new niches and.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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FTC Weighs Probe Into TripAdvisor’s Deleted Reviews

PYMNTS

TripAdvisor could be in hot water with federal regulators over its decision to delete negative reviews on its site, according to news in USA Today on Wednesday (Nov. 22). Following an investigation by the Milwaukee Journal Sentinel , the Federal Trade Commission (FTC) may launch a probe into TripAdvisor over claims the site deleted negative travel reviews for destinations where injuries, rapes, deaths and other dangerous activity occurred.

Milwaukee 125
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Thoughts on Instant Payments from Salone Dei Pagamenti

NCR

This week I was at the annual Salone Dei Pagamenti conference and exhibition in Milan. The themes are the same as at any other payments conference – open banking, PSD2, instant payments, big data, machine learning, etc. butt here were a few things that caught my eye. A strong start for RT1. I joined a panel to discuss Instant Payments. With RT1 (the pan European SEPA Instant Credit Service) having gone live a few days ago with the initial set of banks – including many in Italy – this

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Cyber Monday 2017: The Biggest Online Shopping Day In History?

PYMNTS

This Cyber Monday could be the biggest online shopping day in history, according to Wednesday (Nov. 22) reports from CNBC. Bearing out the “Gray November” theory — that is, that Black Friday is dying as it spreads out across the month — shoppers have spent 17.9 percent more this November than they did over the same month last year. In fact, consumers spent more than $1 billion a day for the first 21 days of the month, totaling $28.6 billion between Nov. 1 and 21.

Online 108
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WeChat Pay launches in Philippines with Asia United Bank

The Paypers

(The Paypers) Asia United Bank has announced it launched WeChat Pay in the Philippines, which will allow mobile payments from Chinese tourists.

Mobile 39
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Samsung’s Next Move Could Be Bendable Galaxy

PYMNTS

Samsung may have beat Apple in adding “X” into the name of its smartphone, but that doesn’t mean the Korean technology company has been able to surpass its biggest rival in terms of sales. But according to news from The New York Post , Samsung could strike its largest blow to the iPhone X yet, with rumored plans to release a bendable smartphone. According to the publication, Samsung has been using the Galaxy X name for months, although Apple released its iPhone X before Samsung could put the n

Samsung 103
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Wirecard to process payments for Andaz Luxury Hotel

The Paypers

(The Paypers) Andaz Singapore has selected Wirecard , a global provider of digital financial technology solutions, to create payment experiences for its guests.

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Why Retailers Want Consumers To Use Personal Shoppers

PYMNTS

Retailers are always trying to learn more about their customers, and personal shopping is fast becoming a popular and important tool enabling them to gain key insight into the latest trends. “H&M, for example, could produce a dress and not know why it’s not selling. The dress goes through various rounds of discounts and still remains in-store without H&M understanding why.

Retail 100
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AimBrain provides biometric authentication for BlackBerry Dynamics users

The Paypers

(The Paypers) AimBrain , a Biometric Identity as-a-Service (BIDaaS) platform, has announced that its AimBrain Authenticator app is now available on the BlackBerry Marketplace to BlackBerry Dynamics users.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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An Unevenly Happy Holiday For Retailers

PYMNTS

By many metrics, retailers should be feeling especially merry and bright about the 2017 holiday retail season. The stock market has more or less soared, the Consumer Confidence Index has hit its highest level in 17 years, unemployment is down, wages are starting to pick up and consumer credit looks to be on fairly solid ground. All lights appear to be green for holiday season spending – and the forecasts are strong.

Retail 101
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Fiserv underpins European first movers to instant payments

The Paypers

(The Paypers) Fiserv has announced that Fiserv technology is set to support multiple ‘wave one’ banks for EBA RT1, the first pan-European clearing platform for real-time payments in EUR.

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Why There’s Holiday Gold In Black Yoga Pants  

PYMNTS

For retailers, feast or famine? That depends on where one looks this holiday season. Overall, the environment has been one that is proving rather sanguine both in-store and online. In an interview with PYMNTS’ Karen Webster, Sarah Quinlan, senior vice president of market insights with Mastercard Advisors, said things are shaping up nicely in Cyber Week and beyond.

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Fibank to implement MeaWallet's Mea Token Platform

The Paypers

(The Paypers) MeaWallet , part of Seamless Distribution, has partnered with First Investment Bank (Fibank) in Bulgaria to deliver the Mea Token Platform.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.