Mon.Dec 24, 2018

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The Future of Fintech Video Series: Intuit Consumer Group

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 281
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4 Notable 2018 Bank-Fintech Partnerships

Bank Innovation

While some banks and fintech view each other as competitors, that’s not always the case. In fact, there have been a number of significant bank-fintech partnerships this year. What follows is a list of four alliances that the Bank Innovation staff found most interesting. 1. Lloyds Banking Group and Thought Machine Core overhauling is a […].

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The Future of Fintech Video Series: Steady

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 255
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Card Use Grows Fast as Check Payments, ATM Withdrawals Continue Decline

Bank Innovation

The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as well as signs that fewer people are paying by check or withdrawing cash from ATMs. Card payments increased 10.1% by number and 8.4% by value from 2016 to 2017. For comparison, these payments had increased 7.8% by number and […].

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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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Best Of 2018 Data Drivers: Fraudsters, Gig Workers And B2B By The Numbers

PYMNTS

Data is valuable. But only in context, because data can tell a story, or stories, worthy of examination. Several times throughout the year we offer Data Drivers, where our interviews with payments professionals help the numbers take shape, take on meaning, illustrate trends and even hint a bit at the future. And, as always, the end the year provides a chance to look back at some of the numbers that told stories.

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You Heard It Here First: Best Of 2018’s Monday Conversations

PYMNTS

There has been a lot of concern in recent years that conversation, as an art form, is dying. The BBC has written a think piece or two on it — as have the Guardian, the Citizen, the Huffington Post and MSNBC. What exactly is killing conversation depends on the writer of the think piece — and what year it was written. Text messaging, social media, Pinterest and memes have all been offered up as avatars of destruction — and the general consensus seems to be that the death of conversation is a direc

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New breaches put social media data in the spotlight

Payments Source

Names, email, encrypted passwords and information related to Facebook and other networks are all at risk, according to Marty Puranik, CEO of Atlantic.Net.

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This one will be brief

Matt Wilcox Pro

Astute readers are likely aware that, in a little over a week, 2018 will draw to a close. And, as of a few days ago, the days are getting mercifully longer again. No one wonder celebrations are popping up throughout the northern hemisphere. However you choose to observe (or not) the holiday season, my family and [.

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12.24.18 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web: Walmart listens in on shoppers; blockchain farming; Amazon in the air; and more.

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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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My Wish for Three Gifts for Bankers

Jeff For Banks

The magi, thought to be named Gaspar, Balthasar, and Melchior, followed a bright star to find the Messiah. According to the Gospel of Matthew, they brought him three gifts: gold, frankincense, and myrrh. The journey wasn't easy for the magi. At first, they did not know where they were going. And when they arrived in Jerusalem, King Harrod tried to fool them into discovering and reporting the whereabouts of this King of the Jews.

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Ant Financial said to be in talks to buy WorldFirst

Payments Source

China's Ant Financial, the Alibaba payments affiliate that operates Alipay, is reportedly in the advanced stages of talks to buy WorldFirst, an international payments provider based in London.

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The reason for the collapse of the Zimbabwe Economy

Bankelele

Anonymous guest post. Land redistribution (or seizures) didn’t sink the Zimbabwe economy. In fact, a 2011 independent study, quoted at the time in the New York Times (it’s unlikely to get more sceptical than that) declared that the redistribution programme had actually worked – that Zimbabwe was not just more productive; its food security had […].

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A cashless store expands, but the market remains small

Payments Source

Nestled among the waves of tourists and commuters near Grand Central Terminal is a spot were a “no cash” store is working, free from political pressures. But its success still suggests that paperless payments are a niche play.

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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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The Future of Fintech Video Series: Intuit Consumer Group

ATM Marketplace

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 67
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PayFort adds Egypt's Meeza card to its gateway

Payments Source

Online payments technology provider PayFort says its gateway is now accepting payments from Egypt's new national Meeza debit card scheme through the Central Bank of Egypt.

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The Future of Fintech Video Series: Steady

ATM Marketplace

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 54
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Google receives e-money license in Lithuania

The Paypers

(The Paypers) Google has obtained e-money license in Lithuania, securing permission to offer financial services across the European Union.

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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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12 Ways Consumers Will Pay (And Be Paid) In 2019 And Beyond

PYMNTS

The “Twelve Days of Christmas” is a holiday classic, though some of us at PYMNTS still don’t understand why anyone would want to take a partridge away from what seems like a pleasant existence in a pear tree. But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019.

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Facial recognition to boost as cashless payment in China

The Paypers

(The Paypers) As cash is hard to find in today's China, and QR codes are in use at virtually all shops, now Chinese tech companies consider facial recognition as a means of payments.

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First Data: Who Buys What On Christmas Eve

PYMNTS

When it comes to hot and last-minute Christmas gifts , one can hardly go wrong with some spark plugs. An ignition coil sounds pretty festive. Who among us doesn’t want distributor cap in one of those stocking hung with care? And Santa Claus would be a real pal if he came through with some new wiper blades and perhaps even a door lock actuator. No, we at PYMNTS have not been sipping the eggnog, at least not yet.

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New mobile wallet launches in Nepal

The Paypers

(The Paypers) Qpay , a Nepal-based mobile payment platform, has been launched in the country to allow users to make payments via their mobile devices.

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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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PayFort enables meeza cardholders to shop online via its payment gateway

The Paypers

(The Paypers) PayFort , an Amazon company, has announced that merchants using its online payment gateway will be able to accept payments from Egypt’s new national debit card called meeza.

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Huawei Pay now available in Russia

The Paypers

(The Paypers) UnionPay has announced that Huawei users in Russia can benefit from a new mobile payment option, Huawei Pay.

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Bakkt Bitcoin futures launch to be postponed again

The Paypers

(The Paypers) Intercontinental Exchange has suggested it is likely to delay the launch of Bakkt , its Bitcoin futures trading and custody platform, for the second time.

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Huobi adds 'delisting risk warning' to 32 cryptocurrencies

The Paypers

(The Paypers) Cryptocurrency exchange Huobi has added a ‘delisting risk warning’ to 32 cryptocurrencies trading on its platform over the low trading volume.

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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.