Payments Dive
JANUARY 4, 2019
What's holding the blockchain back? What can make it more secure? Panelists at Financial Services Data Security Summit, sponsored by Thales and Networld Media Group, shared thoughts on these issues.
Bank Innovation
JANUARY 4, 2019
Citizens Bank‘s Matt Richardson, head of product solutions, is speaking at Bank Innovation Ignite 2019 in March. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the event by registering here. On the New Interactions in Payments panel, Richardson will be addressing the role that voice, text and image […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
JANUARY 4, 2019
New data shows that eCommerce traffic was up this holiday season, even after Christmas Day. According to the 2018 Holiday Retail Index by Verizon , average daily eCommerce traffic to the top 25 U.S. retailers increased by 7.5 percent year-over-year on Thursday, Dec. 27 and 7.7 percent year-over-year on Friday, Dec. 28. And while there was a 20 percent year-over-year decline in U.S. online retail traffic on Sunday, Dec. 30, eCommerce traffic saw a boost every day compared to the previous year bet
Bank Innovation
JANUARY 4, 2019
A new study by software provider VisibleThread found that 58% of nearly 5,000 pages of website content for 50 U.S. banks is “inaccessible” to the average American. Even the most readable websites studied were more difficult to read than Moby Dick, the report said. Jargon, complex language, long sentences, and excessive use of passive voice […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
PYMNTS
JANUARY 4, 2019
PayPal has reported a more than twelvefold boost in revenue at its Indian payments subsidiary. According to The Economic Times , revenue reached Rs 260 crore in 2018 from Rs 21 crore the previous year. As a result, a source said the company has increased its investments in India, including a boost in technology augmentation, hiring new employees in the country and opening a new office in Mumbai.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 4, 2019
Let’s get a few things straight, a couple of points that might go against what every payments and commerce professional knows, but which will be important for the rest of the story. First, there is no safety — or perhaps even wisdom — in crowds. Second, friction is good. Welcome to a different world — in this case, the world of digital thieves, hackers and other such criminals.
Payments Source
JANUARY 4, 2019
Banks and payment companies are already comfortable using artificial intelligence to guard against fraud. The tech could soon be just as welcome in creating payment products and matching them to potential customers.
PYMNTS
JANUARY 4, 2019
To help lead a team that bolsters its consumer payment experience delivery, Mastercard said Donald Chesnut will become its first chief experience officer as of Jan. 14. Chesnut will also give issuers, merchants and other partners “a more holistic way to work with Mastercard’s products and services,” the company said in an announcement. “Providing customers with a clear, consistent and rewarding experience is what differentiates leaders from the rest of the pack,” Chief Product Officer Mich
Payments Source
JANUARY 4, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Chase is recuriting a blockchain leader; Elavon gets nod from U.K.'s Faster Payments scheme; Abine suffers a breach; Self-driving car deliveries advance in San Francisco.
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
PYMNTS
JANUARY 4, 2019
Quick-service restaurant (QSR) managers are a conservative bunch when it comes to payments, new PYMNTS research found. It makes sense — the process of walking up to a counter, ordering food, paying, then taking possession of the meal (or doing pretty much the same thing while in a vehicle in the drive-through) is simple and long-standing. Why mess with that legacy, given all the other problems that come with QSRs, including staffing and making sure food is both fresh and quick for the lunch and
CFPB Monitor
JANUARY 4, 2019
As previously reported , late in 2018 the CFPB announced the availability of a beta version of a Home Mortgage Disclosure Act (HMDA) data platform for companies to test the filing of 2018 data. The CFPB has now announced that the beta testing period is closed and the HMDA data platform is open for the filing of 2018 data. The HMDA data platform can be accessed here.
PYMNTS
JANUARY 4, 2019
Square , Jack Dorsey’s digital payments company, announced Thursday (January 3) that it named Blizzard Entertainment chief financial officer Amrita Ahuja as its new CFO. In a press release , Square said Ahuja will join the company in January, reporting to Dorsey. In her current role at Blizzard Entertainment, the unit of Activision Blizzard, Ahuja oversees the financials for a business that has more than $2 billion in annualized revenue.
ATM Marketplace
JANUARY 4, 2019
Consumers are most likely to trust a financial institution that provides them with reliable information and services in a timely fashion; digital signage can help an FI do exactly that.
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
PYMNTS
JANUARY 4, 2019
Following reports of its data breach last year, Marriott said on Friday (Jan. 4) that the total number of guest records involved in a Starwood database security incident was less than initially disclosed. And, while the hotel company said that the number of passport numbers and payment cards impacted is “a relatively small percentage of the overall total records involved,” it did acknowledge that 5.25 million unencrypted passport numbers were “accessed by an unauthorized third party.
Payments Source
JANUARY 4, 2019
Earthport Plc investors, who saw their shares drop 70 percent in three years as the payments firm lost customers and management, now have an offer to cash out with a 300 percent premium. But not all of them are happy about it.
PYMNTS
JANUARY 4, 2019
The new year dawned with individual country and company initiatives tied to instant payments, and moving beyond cash transactions. To that end, Reuters reported on Thursday (Jan. 3) that, in Hungary, commercial banks have started a test phase for a domestic instant payments system, with a “go live” date slated for July 1. The newswire noted that the instant payments system has been in development since 2017, and domestic bank transfers that are worth up to 10 million Ft ($35,000 USD) will be set
Payments Source
JANUARY 4, 2019
Mastercard has named Donald Chesnut as the company’s chief experience officer to help drive a clear and consistent experience for Mastercard’s various audiences.
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.
PYMNTS
JANUARY 4, 2019
A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Clyde Vanel, a New York State assembly member, said the Digital Currency Study Bill was signed into law last week by Governor Andrew Cuomo.
Payments Source
JANUARY 4, 2019
Following the departure last year of several top executives amid downward pressure on earnings, Diebold Nixdorf has named three people to fill its executive ranks.
PYMNTS
JANUARY 4, 2019
Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Startups in the country were a part of 924 rounds of funding and received $10.5 billion in funding – the most ever. In 2017, Indian startups got $10.4 billion through 1,141 rounds.
Payments Source
JANUARY 4, 2019
Sell-offs are happening all over, bitcoin has shown strength in the past and is attracting partnerships, argues Ken Gary, vice president of corporate strategy and development at Stafford Communications.
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.
PYMNTS
JANUARY 4, 2019
It’s no surprise that payments fraud is on the rise. Juniper Research , for example, has estimated that retailers will lose as much as $130 billion in card-not-present (CNP) fraud through 2023 — as tech gets more complex and transactions are done across borders. It’s gotten bad enough that the Federal Bureau of Investigation (FBI), and other enforcement agencies globally, sent out warnings late last month about “money mules” — a new(ish) wrinkle in fraudulent activity, where individuals’ a
Payments Source
JANUARY 4, 2019
Hungary’s commercial banks have started the initial testing phase of an instant payments scheme, with plans to go live on July 1 for domestic broadscale use.
PYMNTS
JANUARY 4, 2019
Goldman Sachs has boosted interest rates for Marcus savings accounts, according to a report from CNBC. The consumer finance branch of Goldman Sachs will pay online savings account customers a 2.25 percent rate starting on Friday (Jan. 4), which is an increase of 20 basis points. Also, the rate on a one-year certificate of deposit is up 10 basis points, rising to 2.75 percent.
Payments Source
JANUARY 4, 2019
Marriott International Inc. says the number of guest records exposed in a cyber-security breach is lower than it estimated when it disclosed the attack in November.
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.
Expert insights. Personalized for you.
418 
Let's personalize your content