Payments Dive

NOVEMBER 30, 2018

Consumer demand for smarter wearables is leading watch makers and others to explore new approaches to embedded payment technologies.

Payments 393

Payments Mobile Technology 393

Bank Innovation

NOVEMBER 30, 2018

INV Fintech, Bank Innovation’s sister accelerator, announced today the three associate members of its sixth cohort of startups. INV associates undergo a less intensive program than full class members. They do not have regularly scheduled meetings with the INV team and Fiserv, the accelerator’s technology partner. They have access to INV’s mentor network and the wider […].

Fintech 186

Fintech Company Meeting Technology 186

PYMNTS

NOVEMBER 30, 2018

Hook convenience store (c-store) customers on a user-friendly mobile experience for fuel purchases, and the benefits will accumulate. That’s one of the main findings from new PYMNTS research, which found that of the consumers who have used mobile apps to buy gas, 73 percent are likely to shop at the facility’s convenience store. That’s not all — 82 percent of those consumers want a mobile app experience that will let them pay for c-store items.

Mobile 186

Mobile Maine Report Operations 186

Bank Innovation

NOVEMBER 30, 2018

Singapore-based DBS Bank wants to be an invisible agent of change in the realm of digital banking. Over the course of a decade of transformation, it has received awards and recognition worldwide for its digital banking services and innovation efforts. Digital customers made up 42% of the bank’s total base in 2017, but contributed 63% […].

Digital Banking 170

Digital Banking Course Innovation Operations 170

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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

Lending

PYMNTS

NOVEMBER 30, 2018

The world is constantly getting faster. As a result, the speed of commerce and payments is coming closer to real time. This increased focus on speed is creating a wide range of opportunities for consumers and companies alike, but also opening up new chances for digital fraudsters to wreak havoc on consumer systems. Nordstrom and HSBC were the latest to find this out the hard way when each company suffered a recent data breach.

Fraud 185

Fraud Survey Trends Tools 185

PYMNTS

NOVEMBER 30, 2018

The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other payment tech giants, according to a report by Reuters. TIPS allows customers and companies to transfer euros in seconds, whether the local bank is open or not. Currently, instant payment platforms are the dominion of companies such as PayPal, Google, Facebook, Amazon and China’s Alibaba and Tencent.

Resources 163

Resources Google Payments System 163

Bobsguide

NOVEMBER 30, 2018

The price of bitcoin plunged in late November, dropping from $5,500 to a low of $3,604 over the Thanksgiving weekend. At the time of writing it stands at $4,175, which marks a drop of nearly 80% from the cryptocurrency’s all-time high $19,703 in December 2017. The crash also signifies the.

cryptocurrency 144

cryptocurrency Bitcoin 144

PYMNTS

NOVEMBER 30, 2018

With more than $370 million raised by B2B startups this week, investors are showing their support for companies that help other businesses embrace digitization. The cloud, artificial intelligence (AI) and robotics are all prevalent themes in this week’s venture capital breakdown, with startups working to overhaul entire processes for their enterprise customers, from logistics to workforce management.

Capital 156

Capital Management Technology Operations 156

Insights on Business

NOVEMBER 30, 2018

International Financial Reporting Standard 17 ( IFRS 17 ) is expected to come into effect in January 2021 (though the IASB, the governing body, has tentatively agreed in Nov 2018 to postpone adoption to January 2022). Applicable to the insurance sector, it is regarded by most companies and consultants as one of the most significant changes to insurance accounting requirements over the past 20 years, with the potential to impact profitability, volatility of financial results, and ultimately the v

Analytics 107

Analytics Data Report Analysis 107

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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

Report

PYMNTS

NOVEMBER 30, 2018

Financial Times reports that a number of banks in the U.K. have agreed to give smaller firms more power when it comes to complaints about their lenders (which include the banks) – a move that the publication said aims to “restore trust” in corporate banking. The agreement comes amid suggestions to the industry group known as UK Finance , which included boosting the powers of ombudsman services and setting in place a framework that is geared toward addressing “unresolved historic complaints.”.

Lending 153

Lending Groups Examples Report 153

Bobsguide

NOVEMBER 30, 2018

A recent poll in a bobsguide webinar found that 47.7% of industry professionals do not consider quantum computing a priority with concerns around implementation and premature adoption. But for panellist, Dr Nikitas Stamatopoulos, vice president of quantitative research.

Industry 98

Industry 98

PYMNTS

NOVEMBER 30, 2018

The stock may have rebounded a bit, but the news may linger – and may portend some speed bumps ahead for Tiffany & Co. Shares for the luxury retailer were down double digits on Wednesday (Nov. 28) after the jewelry giant posted mixed results for the September quarter. The headline numbers showed a top line of $1.01 billion, which was below the Street at $1.05 billion.

Retail 139

Retail Report Company 139

CFPB Monitor

NOVEMBER 30, 2018

As previously reported , the National Flood Insurance Program was scheduled to expire on November 30, 2018. Once again, Congress has kicked the can down the road by authorizing a temporary extension of the Program, rather than adopting a long-term, sensible reform of the Program. This time the kick was short, as the extension is only until December 7, 2018.

National 87

National Report 87

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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.

Lending

PYMNTS

NOVEMBER 30, 2018

A new report from specialist insurer Hiscox recently revealed an unsettling trend about employee fraud and embezzlement: Most of the time, the scam involves two or more workers. In its 2018 Hiscox Embezzlement Study , the company sheds light on how pervasive and damaging the embezzlement scheme can be. Scams can last months, or even years. The average cost of such a scam is $357,650.

Fraud 139

Fraud Study Payments Technology 139

Payments Source

NOVEMBER 30, 2018

A boost in chargebacks can put a damper on higher transaction volumes and digital shopping, according to Chris Marchand, vice president of business development at Verifi.

Fraud 84

Fraud Payments Retail 84

PYMNTS

NOVEMBER 30, 2018

Anthony Noto, CEO of the financial company SoFi , said this week that his company is preparing for a landscape with higher interest rates, and that it favors quality over quantity, according to CNBC. “We have really strong risk controls,” Noto said in an interview with Jim Cramer on the CNBC show “Mad Money.” “We take it very seriously.”. Noto also noted that SoFi wasn’t mentioned as a potential risk to the U.S. economy in a recent speech by Federal Reserve Chairman Jerome Powell, who cited non

Company 139

Company Millennials Security System 139

Payments Source

NOVEMBER 30, 2018

Marriott International Inc. said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of the biggest such breaches in corporate history. Marriott shares slumped 5.6 percent in pre-market trading.

Marketing 80

Marketing Cards Data Security 80

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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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PYMNTS

NOVEMBER 30, 2018

Self-driving cars are the talk of the IoT space, and the technology is projected to see serious growth in the coming years. Many organizations, from retailers to local governments, are turning to self-driving technology to help them reach their goals and to get purchases and people to their destinations. As more merchants harness the potential of self-driving vehicles, the global market size of the technology is projected to grow at a rate of 63.1 percent between 2021 and 2030.

Retail 139

Retail Training California Technology 139

Independent Banker

NOVEMBER 30, 2018

“We must all pause this holiday season and appreciate the people who make this industry what it is.” With the holidays and New Year on the horizon, it’s a time to reflect on 2018 and what it meant for us personally, professionally and, as it often is for community bankers, a mix of both. We can reflect on our victory in May in the form of S.2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Community 70

Community Community Bank Nebraska Austin 70

PYMNTS

NOVEMBER 30, 2018

AccuFund, an accounting and ERP solution provider for nonprofits and government entities, this week announced the launch of new features. In a press release , AccuFund said its newest version of its Accounting Suite introduces new automated capabilities as well as enhanced data-management functions. Among the updates is the addition of AccuBot, an “Intelligent Automation” feature that interconnects various accounting processes to provide greater insight.

Management 139

Management System Software Meeting 139

Payments Source

NOVEMBER 30, 2018

An invisible payment becomes a lot more visible when it’s compromised, making Marriott’s data breach a threat to one of the most important innovations in retail, which should scare everyone from Uber to Amazon.

Payments 71

Payments Marketing Retail Innovation 71

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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.

Compliance

PYMNTS

NOVEMBER 30, 2018

Blockchain startup AriseBank’s CEO is facing up to 120 years in prison for misleading investors in a crypto scam. According to The Next Web , Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC -insured accounts and banking services, as well as Visa -branded credit cards and other cryptocurrency services.

blockchain 136

blockchain Bitcoin cryptocurrency FDIC 136

Payments Source

NOVEMBER 30, 2018

itcoin is poised to register its biggest monthly decline in more than seven years as investors reevaluate the prospects of digital money following last year’s euphoria.

Bitcoin 68

Bitcoin 68

PYMNTS

NOVEMBER 30, 2018

LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit card balances will swell by about 5 percent through the end of the year to more than $1 trillion. That would mean that the $4 trillion level of debt is approaching for U.S. consumers, said the report. The company said that into the first nine months of this year, the nearly $4 trillion in debt included $2.9 trillion in non-revolving debt tied to student loans, fixe

US 129

US Cards Course Report 129

ATM Marketplace

NOVEMBER 30, 2018

The payments landscape is witnessing a nonstop whirlwind of transformation that shows no signs of abating — and that is being enabled by three innovations in fast and frictionless consumer transactions.

Innovation 70

Innovation Payments 70

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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.

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