Wed.Jun 28, 2017

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Robinhood Looks Into Crypto Trading

Bank Innovation

Free stock-trading app Robinhood is exploring virtual currency trading on its platform, according to co-founder Vlad Tenev. “We are looking at it, a lot of customers have been interested and are requesting the feature [like this reedit user], so it’s definitely something we are taking a look at,” he said today during the Future of […].

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5 Reasons Retailers Should Have Their Own Digital Wallet

Payments Dive

As online and mobile commerce channels continue to expand, and with emerging technologies and trends changing expectations of the in-store experience, brick-and-mortar retailers are being forced to re-evaluate their position, offering and approach.

Retail 244
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BBVA, Alipay Agreement Keeps Focus on Chinese Consumers

Bank Innovation

Ant Financial’s premium payment service has arrived in yet another market: Spain. Spanish retailers will now support Alipay capability in their stores thanks to an agreement between Ant and Spanish bank BBVA, the companies announced today. The ability is primarily directed for Chinese tourists in the country that wish to continue to pay with the […].

Retail 207
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Impact of new PSD 2 payment directive on international business

Payments Dive

Brexit, PSD2, Lithuania as a new payment jurisdiction and other topics were discussed at the recent Advapay conference.

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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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Most Petya Victims Aren’t Paying Up (So Far)

Bank Innovation

The latest ransomware virus that hit the globe may have been large in scope, but it wasn’t all that fruitful for the hackers. The implementers of the virus have presently received only 45 payments, according to the transaction log of the bitcoin wallet where victims were directed to pay — an amount that comes out […].

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AutoGravity Set to Close New Funding Round

Bank Innovation

AutoGravity is “very close” to finalizing a funding round within the next few days, Mobility Finance has learned. AutoGravity is not just interested in “capital givers” as investors, Lukas Wickart, chief financial offer of AutoGravity, told Mobility Finance yesterday. Bookmark.

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How to navigate technology choices: New resource available

Abrigo

There’s a reason many people wait until their mobile phone is hopelessly outdated before getting a newer version. Technology change can be overwhelming. Learning about new phones, selecting one that best meets current and future needs, ensuring it’s a fair price and getting it to work the way it should are among the steps that inhibit many people from “upgrading” until they absolutely have to.

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Questions on Startup Funding? Join the INV Fintech Twitter Chat for Answers

Bank Innovation

How do you fund your fintech startup? No really, how? Obtaining funding for a startup, whether its from venture capitalists or an ICO, is one of the hardest steps for founders. So, how does one even start? What are the best strategies for seeking funding? How does one pitch ideas to potential investors? Join INV Fintech […].

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Amazon Positions Itself For Online Grocery Dominance With Dash Wand

PYMNTS

Amazon’s new voice-activated grocery assistant is practically magic, and you don’t even have to go to Diagon Alley to get it. The company has added Alexa to its Dash Wand product, making it smarter and more capable than ever – and strategically positioning itself to own the emerging online grocery market. “If the acquisition of Whole Foods wasn’t a clear enough signal of Amazon’s intentions for grocery market domination, the introduction of the Dash Wand provides another glaring indication,” sai

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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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How To Protect Android Banking Apps From Malware

Let's Talk Payments

The recent case of WannaCry ransomware reminded us to be cautious of the growing malware menace that ended up infecting thousands of systems around the globe. Regardless, the scale of.

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eCommerce ThredUP to Open Brick-and-Mortar Stores

PYMNTS

While many big box retailers like Macy’s and Sears have shut the doors of hundreds of locations over the past year, eCommerce sites have jumped at the opportunity to open physical stores. From Warby Parker to Amazon’s bookstores, the eCommerce arena seems to be doing a 180-degree turn into the physical retail world. The latest eCommerce site to join the brick-and-mortar fray is online consignment store ThredUP.

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MEDICI now! The FixNix Story

Let's Talk Payments

MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.

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Taking The Pain Out Of Bathing Suit Shopping

PYMNTS

Like most entrepreneurs, Jude Al-Khalil found herself solving a problem for herself and her personal network when she first started Bikyni , a clothing firm that has been called “Warby Parker for bikinis.” Attendees at a poolside bachelorette party had one pain point to discuss — the horror of trying to buy a flattering swimsuit. Women dread shopping for bathing suits, Al-Khalil realized, and for good reason.

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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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Kount Inc. Announces Mobile Payments and Fraud Survey 2017 Report

Let's Talk Payments

Boise, Idaho – June 29, 2017 – Kount Inc. today announced findings from the fifth annual 2017 Mobile Payments & Fraud Survey to understand and measure the state of mobile.

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Changing Authentication For A Changing World

PYMNTS

From their affinity for brunch (and avocados on toast ) to their attachment (uncorded, of course) for subscription services , it’s no secret millennials have some significant spending differences compared with older generations. According to research, the newest group to hit adulthood is more interested in preserving their financial and personal freedom than settling into a long-term job or tying themselves down to long-term commitments like a monthly payment on a car or house.

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PSD2 and Instant Payments: Why membership has its privileges

Bobsguide

Darren Capehorn, Director of Services, Icon Solutions. In 2014 Europe started ramping up the rhetoric for building a pan European Instant Payments solution (now known as SCT Inst). In response, various forums sprung up to enable interested parties to discuss what such a solution might offer and.

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Kyriba Strategy VP Talks Payment Factories And Why CFOs Love Them

PYMNTS

Fraud is a fact of life these days – an “unfortunate” one if you ask Bob Stark, vice president of strategy for the cloud treasury solution provider Kyriba. In a digital webinar discussion with PYMNTS CEO Karen Webster, Stark explains the concept of a payment factory and how it can help protect companies from fraud. “I hate the fact that we have to talk about this,” Stark said.

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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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Why Apple's dreaded 'blue bar' will benefit retailers, banks

Payments Source

Apple's plans to display a bright blue bar on iPhone screens when an application is monitoring the user's location may feel like a threat to location-based marketing. More likely, it is an overdue wake-up call for retailers and banks to improve their communication about the benefits of location data.

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Zubie Wants To Fix Car Problems Before They Start

PYMNTS

There are few things worse than seeing a car’s “Check Engine” light come on. At best, one has not screwed a gas cap on tightly enough. At worst, something is slowly fusing all the pistons in your engine into a twisted metal mess. Until black smoke starts pouring from the hood the driver really has no way to be certain – and no one wants to be the person who called the auto club to have them tighten a gas cap.

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6.28.17: Your morning briefing

Payments Source

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Square considers consumer loans; ATM's golden anniversary; New ransomware; Pinterest adopts dual authentication.

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Software Smooths Logistics of eCommerce Grocery Delivery

PYMNTS

From Peapod to Instacart and now AmazonFresh, it’s safe to say that the grocery-delivery sector is booming. Many consumers are opting for grocery delivery over going to the store because of hectic schedules (or perhaps laziness), but the logistics side of this may be difficult for retailers and the delivery drivers. One company that’s looking to help out with the way groceries are packed to the optimal delivery route is My Cloud Grocer (MCG).

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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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ATM visibility – do you know what your fleet is doing?

NCR

Despite some predictions, cash shows no signs of going away anytime soon, and this means ATMs will continue to play an essential role in any bank’s strategy. Indeed, recent figures from UK network LINK revealed that the end of last year saw record ATM usage, with December 23rd 2016 being the busiest day in history, when a total of £730 million ($947 million) was withdrawn in the space of 24 hours.

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Target Pilots Next-Day Delivery

PYMNTS

Target Restock has officially arrived to consumers. As we reported early last month, Target was exploring its offering of next-day home-delivery dubbed Target Restock with its employees. Now, Target is opening up its testing of this service to its REDcard customers in the Minneapolis area which is in the vicinity of the retailer’s headquarters.

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Alibaba to invest $1 billion in Lazada online mall

Payments Source

Alibaba Group Holding Ltd. will invest another $1 billion to raise its stake in online mall Lazada Group SA to 83 percent, securing control of a fast-growing startup at the vanguard of its Southeast Asian expansion.

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AR Execs Gear Up For ACH To Surpass Check Use, NACHA Finds

PYMNTS

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF). CRF and NACHA released a new survey this week that explores how credit and accounts receivable (AR) professionals are planning for changes in B2B payments trends.

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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.