Payments Dive

SEPTEMBER 27, 2018

There are three major problems that are keeping the blockchain out of the mainstream: poor reputation, lack of education and lack of full solutions.

blockchain 331

blockchain 331

Chris Skinner

SEPTEMBER 27, 2018

I blog a lot about banks needing to change and adapt. I do not blog about the end of banks and I do not predict that banks will be destroyed. I do predict that banks that do not change and adapt will be destroyed, and I do predict that banks … The post Breaking through the barricades appeared first on Chris Skinner's blog.

Digital Banking 292

Digital Banking Fintech 292

PYMNTS

SEPTEMBER 27, 2018

Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. 26). The sources said a deal could give Western Union a $500 million boost, and that the institution plans to start discussing a sale with potential buyers in a few weeks. They noted, however, that Western Union has not definitively decided to sell its business payments unit and that its plans remain confidential.

Payments 198

Payments Conference Operations Taxes 198

Bank Innovation

SEPTEMBER 27, 2018

INV Fintech, this site’s sister accelerator, today unveiled a new partnership with Chinaccelerator, a leading startup accelerator in Shanghai, China. Chinaccelerator is a mentorship-driven program helping internet startups from around the world cross borders. It is run by the venture fund SOSV, which has $400 million assets under management and operates six accelerators.

Fintech 170

Fintech Operations Management Capital 170

Advertisement

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

SEPTEMBER 27, 2018

Origins are all the rage in modern life: origin stories, family origins via DNA and digital ancestry databases. Add to that Walmart ’s latest effort to gain more grocery market share: using blockchain technology to trace the origin of the food sold by the retailer back to the farms from which it came. The idea is to introduce more transparency into the process, which could serve to prevent outbreaks of foodborne illnesses and encourage consumer trust of the grocery goods on Walmart shelves.

blockchain 195

blockchain Retail System Branding 195

PYMNTS

SEPTEMBER 27, 2018

Alibaba Group announced Thursday (September 27) that it signed up with Banking Circle to use its infrastructure and global network for digital payments. In a press release , Alibaba said the partnership with Banking Circle showcases the effectiveness of Banking Circle being a provider of mission-critical infrastructure for online cross-border payments.

Payments 183

Payments Fintech Marketing Groups 183

Bank Innovation

SEPTEMBER 27, 2018

Bank Frick has grown its operations and staff while shrinking its physical footprint. In the last year, the number of employees has increased from about 60 to more than 130. While legacy banks are establishing digital-only offerings alongside existing services, Mauro Casellini, Bank Frick’s head of blockchain and payment service providers, told Bank Innovation that […].

blockchain 150

blockchain Community Innovation Operations 150

PYMNTS

SEPTEMBER 27, 2018

Want to understand payments innovation in Latin America ? First, let’s talk about ingredients — as in food. Imagine a shopping bag full of common ingredients, the staples that are familiar and affordable for a wide range of consumers. Consider all the ways in which those common ingredients can be combined into a tasty dish — a few tweaks here and there, resulting in something totally different than what someone down the street might create in their own kitchen.

Fintech 179

Fintech Payments America Innovation 179

Bank Innovation

SEPTEMBER 27, 2018

Setting up digital banks isn’t just a strategy for the big players like JPMorgan Chase, just ask Suncoast Credit Union. Granted, the Tampa, Fla.-based credit union is rather large, with $9.2 billion in assets and 785,000 members. The credit union’s chief information officer Ted Hassenfelt told Bank Innovation that it is currently in the process […].

Tampa 150

Tampa Mobile Strategy Digital Banking 150

Advertisement

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

SEPTEMBER 27, 2018

Chegg , a technology giant specializing in textbook rental, suffered a data breach affecting around 40 million customers. According to CNBC , Chegg’s shares fell more than 12 percent on Wednesday (September 26) after the news broke. The breach, which happened in April but was only discovered a week ago, was revealed in a filing with the Securities and Exchange Commission.

Security 173

Security Data Company Technology 173

Payments Source

SEPTEMBER 27, 2018

It could be tempting to pick the easiest pricing option to understand and move on. But other times, more complex pricing options can really help businesses save money, writes Angelo Grecco, chief business development officer for CardConnect.

Retail 117

Retail Payments 117

PYMNTS

SEPTEMBER 27, 2018

Amazon has opened Amazon 4-star, a new store in New York City where every product is rated 4 stars and above, is a top seller or is new and trending on Amazon’s website. The store is located in New York City’s SoHo neighborhood, on Spring Street between Crosby and Lafayette Streets. “We created Amazon 4-star to be a place where customers can discover products they will love.

New York City 167

New York City New York Metro Comparison 167

Payments Source

SEPTEMBER 27, 2018

It seems that every year, at least since Apple Pay launched in 2014, it’s the “year of the mobile wallet.” And each year, like clockwork, the banks end up disappointed in the lack of traction in mobile wallet usage and adoption.

Mobile 98

Mobile Industry Apple Payments 98

Advertisement

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

SEPTEMBER 27, 2018

Hong Kong has launched the Faster Payments System (FSP), which allows users to send money almost instantly using a mobile number or email address as an account proxy. In March, the Hong Kong Monetary Authority (HKMA) announced plans to introduce a faster payments system that will link into 20 banks and eight electronic payment operators, with payers able to use mobile phone numbers or email addresses to make payments in the Hong Kong dollar or renminbi.

Payments 162

Payments Mobile System Operations 162

Payments Source

SEPTEMBER 27, 2018

Contactless payments are a big success story in most countries around the world—including developing markets—but not in the U.S.

Data 116

Data Marketing Payments Mobile 116

PYMNTS

SEPTEMBER 27, 2018

India’s Supreme Court has upheld the validity of the controversial biometric security identity system Aadhaar, but still put a stop to the government’s move to make it mandatory. Aadhaar has provided biometric identity verification for more than a billion people, but critics have warned that it could lead to a surveillance state, as well as enable companies to profile clients.

System 155

System Security Regulation Data 155

Payments Source

SEPTEMBER 27, 2018

Entry of Alipay and WeChat Pay into the U.S. market will spur banks to innovate, according to Sarabjit "Ruby" Walia, executive vice president and head of digital retail banking and wealth management at HSBC.

Innovation 75

Innovation Marketing Retail Management 75

Advertisement

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.

US

PYMNTS

SEPTEMBER 27, 2018

Scrabble has added the word ‘bitcoin’ to the list of words that players can officially use in its popular board game, CNBC reported. That is, Merriam-Webster included the cryptocurrency in its newest official dictionary for Scrabble. According to its dictionary, bitcoin is defined as “a digital currency.”. How many points can a player score by using the word in the game?

Bitcoin 149

Bitcoin cryptocurrency Report Company 149

Bobsguide

SEPTEMBER 27, 2018

Nine months into the second Markets in Financial Instruments Directive, asset managers are still feeling the pinch around research. The directive prohibits unpaid research leading to a trade. This means that all research costs are absorbed by the firm, through a research payment account (RPA) by.

Management 74

Management Marketing Payments 74

PYMNTS

SEPTEMBER 27, 2018

The last mile. The concept has a finality to it, a sense of completion. But in business, as in any endeavor that spans time, place, relationships and tasks, the last mile can be obscure — clouded, even, by distractions and obstacles. So it is in B2B, where activity crosses borders and currencies, and where regulations shift without the benefit of regularity.

Payments 145

Payments blockchain Course Regulation 145

Bobsguide

SEPTEMBER 27, 2018

Earlier this month, the former-chief executive of TSB, Paul Pester, stepped down from his role at the organisation following a string of IT failures which caused unquantifiable havoc. While IT failures themselves took centre stage as the focal point for the media – justifiably so; somewhat.

74

74

Advertisement

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

SEPTEMBER 27, 2018

Over the last few years, quick-service restaurants (QSRs) have focused on introducing mobile apps and designated pickup lines that help busy customers get in, get their meals and get out — ASAP. However, not all customers want to eat in the car, at home or in the office cafeteria. Some QSRs are enabling mobile order-ahead for sit-down service to provide a dining experience suited to fast-paced lifestyles.

Trends 128

Trends Security Mobile Louisiana 128

Payments Source

SEPTEMBER 27, 2018

Wells Fargo has numerous mobile banking and card account apps in the works, including Control Tower and Greenhouse, and those will inform its Pay with Wells Fargo project, according to Beverly Anderson, the bank's executive vice president of cards and retail services.

Mobile 73

Mobile Cards Payments Retail 73

PYMNTS

SEPTEMBER 27, 2018

Driver’s licenses have not changed much over the past few decades. The plastic cards have become a fixture in American wallets from Maine to Hawaii, required not just when behind the wheel, but also at cigar shops, liquor stores, bars and nightclubs. They could soon be getting a makeover, however, as a growing number of U.S. states are exploring electronic and digital versions.

Wyoming 124

Wyoming District of Columbia Colorado Hawaii 124

Payments Source

SEPTEMBER 27, 2018

China’s e-commerce giant Alibaba Group is partnering with Saxo Payments Banking Circle, a European B2B payments platform specializing in online cross-border transfers.

Groups 70

Groups Online Payments Retail 70

Advertisement

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.

Lending