Payments Dive

SEPTEMBER 11, 2018

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry.

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blockchain Mobile Payments Industry 402

Bank Innovation

SEPTEMBER 11, 2018

Bank of New Zealand will be launching new biometrics solutions within the next six months, Bank Innovation has learned. In April, New Zealand became one of 37 countries where biometric checks will be available. “One of the challenges we have in New Zealand is our KYC legislation specifically requires us to biometrically match an applicant with […].

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Innovation US Online Compliance 199

PYMNTS

SEPTEMBER 11, 2018

RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. According to reports , Yonathan Klijnsma, a threat researcher at RiskIQ, told the outlet that the same group of hackers that breached Ticketmaster may be behind the attack at British Airways, in which more than 380,000 credit cards were compromised.

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Data Cards Groups Security 187

Bank Innovation

SEPTEMBER 11, 2018

Cross-selling new accounts or new products/services to consumers is damaging a bank's customer loyalty as well as causing existing customers to give their financial institution a lower Net Promoter Score (NPS), according to a new study. This means that new customers should be immediately marketed an additional product. According to a recent report released last […].

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Study Marketing Report Digital Banking 150

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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

SEPTEMBER 11, 2018

Despite the influx of mobile banking and payment options, plastic card use, and a focus on financial infrastructure, cash remains heavily cemented in the Middle Eastern and African economies. Reliance on cash is particularly ingrained in the unbanked and rural populations of these regions, with consumers still reaching for cash to pay for daily transactions.

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Report Payments Regional Cards 171

PYMNTS

SEPTEMBER 11, 2018

In FinTech and FI collaborations , borders fall to bits and bytes. On FinTech collaboration writ large, Singapore and Dubai are working together to encourage strides in digital payments and commerce done by mobile means. The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed onto efforts “that provide a framework for cooperation and referrals between the innovation teams of each authority.

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CFPB Monitor

SEPTEMBER 11, 2018

A new bill introduced by House Financial Services subcommittee Chairman Rep. Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. Most notably, the proposed legislation would create a national standard for data security and breach notification and preempt all current state law on the matter.

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National Industry Security Data 87

PYMNTS

SEPTEMBER 11, 2018

Rydoo, the mobile T&E app resulting from a collaboration between Sodexo, Xpenditure and iAlbatros, is integrating its expense management capabilities with Uber. A press release Monday (Sept. 10) said Rydoo is linking into Uber for Business to streamline corporate travelers’ reimbursement and expense reporting processes. “Rydoo is focused on meeting our customers’ expectations by offering global solutions,” said Rydoo CEO Sébastien Marchon in a statement.

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Tools Management Mobile Data 149

Payments Source

SEPTEMBER 11, 2018

The law could further boost the state’s already vibrant financial services sector as well as spur additional innovation across the state’s economy, writes Valentina Isakina, financial services marketing director for JobsOhio.

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Innovation blockchain Fintech Payments 84

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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

SEPTEMBER 11, 2018

Millennial consumers are ready to be brand ambassadors — especially when engaging in mobile commerce with private-label debit programs. That’s the message of a new, in-depth PYMNTS story about how to win the loyalty of those younger consumers. Kristen Bailey, chief marketing officer for payments and loyalty provider ZipLine , recently discussed with PYMNTS the prospects for not only reaching those young/not-so-young shoppers, but holding onto them as well.

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Millennials Mobile Payments Study 126

Bobsguide

SEPTEMBER 11, 2018

The chief information officer role could not be more crucial than it is now. A role that simultaneously requires the robust upkeep of mission critical IT systems as well as constantly searching out the most innovative technology. For John Mountain, CIO at challenger bank Starling, the way.

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Software Innovation System Technology 74

PYMNTS

SEPTEMBER 11, 2018

To speed up shopping trips for its customers, 7-Eleven now takes Google Pay and Apple Pay at most of its U.S. locations. The new options are in addition to other mobile payment choices the chain offers, such as Samsung Pay, Chain Store Age reported. “Frictionless experiences are the future, and digital payments are key to such experiences. Consumers prefer shopping at retailers that offer digital payment capabilities,” said 7-Eleven CDO and CIO Gurmeet Singh, according to the outlet.

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Google Apple United States Samsung 116

Payments Source

SEPTEMBER 11, 2018

Governments should collaborate and work with society, the private sector, and academia to overcome current regulatory challenges to co-develop policies at the pace of technology, writes Manuel Martin, CEO and co-founder of Orvium.

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Policies Technology blockchain Payments 71

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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

SEPTEMBER 11, 2018

When it comes to running a small business that accepts electronic payments, there are two words that business owners don’t like to hear from their merchant services provider: holds and reserves. Those words, of course, describe the decades-old standard practice of having merchant processors hold funds in reserve or hold back a small percentage of each sale to reduce the risk of chargebacks and fraud.

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Fraud Capital Payments Tools 113

CFPB Monitor

SEPTEMBER 11, 2018

California is once again poised to set the standard for privacy and data security by enacting the first state law directed at securing Internet of Things (IoT) devices. The law has passed the state legislature and is awaiting the signature of Governor Jerry Brown. It requires manufacturers of “connected devices” to equip them with “a reasonable security feature or features” that are: appropriate to the nature and function of the device; appropriate to the information the device may collect, cont

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California Security Data Analysis 68

PYMNTS

SEPTEMBER 11, 2018

Digital financial services are looking at an uphill climb in beating cash use in countries like Turkey, despite the undeniable growth of digital payment methods and mobile apps. More than half of Turkey’s population is under 30, making them highly likely to experiment with newer online technologies. However, like other Middle Eastern countries, Turkey has the same problem when it comes to limiting cash use: a robust “shadow economy” and consumers who still prefer to use cash for much of their da

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Mobile Payments Online Tools 109

CFPB Monitor

SEPTEMBER 11, 2018

Politico has reported that in remarks made at a fintech policy event last week, Andrew Smith, the FTC’s Director of Consumer Protection, indicated that fintech companies will be a focus of the FTC’s enforcement activities. According to Politico, Mr. Smith said that FTC was particularly interested in online lending, with an emphasis on small-business lending.

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Fintech Lending Policies Online 68

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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.

US

PYMNTS

SEPTEMBER 11, 2018

JUUL Labs, an e-cig maker, announced Tuesday (Sept. 11) that it has filed trademark claims against 30 entities in China for selling counterfeit JUUL products on eBay. In a press release , the company said the Federal Court in the Eastern District of Virginia granted it a temporary restraining order and froze the PayPal accounts of the entities that were selling fake products without regulatory oversight or the age verification processes JUUL employs.

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Payments Source

SEPTEMBER 11, 2018

Payments technology and fleet card provider WEX has partnered with Troovo, an Australian software developer, to streamline virtual card payments in the Asia-Pacific region via robotic processing.

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Payments Regional Software Cards 63

PYMNTS

SEPTEMBER 11, 2018

Retailers in China are taking sides in the rivalry between Alibaba and Tencent , and the latest battle ground is coffee: Chinese upstart Luckin Coffee is teaming up with Tencent on the heels of a partnership between Starbucks and food delivery service Ele.me , which is a unit of Alibaba. With Tencent and Luckin’s relationship, WeChat payments will be available at the coffee chain’s store and through online orders.

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Big Data Retail social media Mobile 101

Payments Source

SEPTEMBER 11, 2018

With the advent of 3-D Secure 2.0, Underwriters Laboratories sees the e-commerce security standard as a launching pad for the company's advancement in the digital payments world.

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Security Payments Company 62

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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

SEPTEMBER 11, 2018

Opendoor, the online real estate marketplace, announced on Tuesday (Sept. 11) that it has acquired Open Listings, a platform for homebuyers. In a press release , Opendoor said the acquisition of Open Listings, which operates a platform that aims to make it easier and lower-cost to find, tour and buy any home on the market, will enable it to create an end-to-end marketplace for the buying, selling and trading of homes.

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Fort Worth Dallas Online Marketing 101

Payments Source

SEPTEMBER 11, 2018

The information you need to start your day, from PaymentsSource and around the Web: Alibaba's next chairman; Visa-backed blockchain; Ripple's new lawyer; and more.

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blockchain 65

PYMNTS

SEPTEMBER 11, 2018

One analyst believes that Amazon will soon become the top apparel seller in the U.S., dethroning current champ Walmart this year. Wells Fargo predicts that Amazon will be the No. 1 seller of apparel in the U.S. in 2018, raising its price target on the eCommerce giant on Monday (September 10). Amazon’s apparel and footwear gross sales are expected to top $30 billion this year, beating out longtime incumbent Walmart for the top spot, wrote Wells Fargo analyst Ike Boruchow, according to CNBC.

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US United States Trends Branding 101

Payments Source

SEPTEMBER 11, 2018

The Society for Worldwide Interbank Financial Telecommunication says a pre-validation system it will launch soon to catch payment message mistakes prior to dispatch should increase the number of payments reaching beneficiaries in less than 30 seconds.

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System Payments 62

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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.

Lending