Tue.Apr 17, 2018

article thumbnail

Mobile wallets: Are US consumers on the verge of increased use?

Payments Dive

A TSYS study reveals mobile wallet users intend to use mobile payments more at brick-and-mortar retailers. But intent and actual use could vary based on a number of factors such as a smooth experience and security concerns.

Mobile 352
article thumbnail

Cash should be in a museum

Chris Skinner

I have many bad habits. The main bad habit is collecting. I collect lots of things. Old comics, old books, old people. Well, maybe not the last one, but one of my really bad habits is collecting money. I have this thing that I call the money museum at home, … The post Cash should be in a museum appeared first on Chris Skinner's blog.

Maine 263
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crypto Exchange Coinbase Buys Earn for $120M

Bank Innovation

Coinbase, one of the top cryptocurrency exchanges in the United States, has acquired Earn.Com in a deal valued at $120 million. The deal will also place Earn co-founder and CEO, Balaji Srinivasan, in the role of Coinbase chief technology officer, the first CTO the exchange has had. Other members of its team will also be […].

article thumbnail

Things worth reading: 18th April 2018

Chris Skinner

Things we’re reading today include … Ant Financial’s $150bn valuation belies glaring risks for investors Lloyds boss wields axe again with 1,200 job cuts and 49 branch closures RBS to pay up to £3.5bn into pension scheme ahead of switching on ‘ring fence’ Barclays eyes move into cryptocurrency trading Australia’s AMP … The post Things worth reading: 18th April 2018 appeared first on Chris Skinner's blog.

article thumbnail

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

article thumbnail

Revolut Rolls Out Its Savings Tool, Vaults

Bank Innovation

British challenger bank Revolut is rolling out a new savings tool, which will allow app users to save their spare change, the bank announced today. The app will allow users to add spare change from their daily purchases to the tool, called Vaults, in any of the 25 currencies (as well as cryptos bitcoin, Litecoin, […].

Tools 207

More Trending

article thumbnail

Americans Prefer EMV Chip Payment Over Swiping Cards

Bank Innovation

Americans prefer paying with EMV chip cards to swiping their cards or even paying with cash, according to a recent survey from financial technology solutions provider Fiserv. According to the report, released last week, 36% of the people surveyed said they preferred EMV chip cards to other payment methods. The reason, according to the report, […].

Cards 199
article thumbnail

Data is the New Growth Currency

Payments Dive

Analytics is at the core of innovation and differentiation in payments. With the growth of digital payments, banks have a plethora of data available from an increasing number of digital payment sources including issuance and acquiring systems.

Data 150
article thumbnail

Metro Bank Announces New AI Powered PFM Service

Bank Innovation

Metro Bank today revealed the launch of a new AI- powered money management tool called Insights. The tool will continuously monitor users’ transactions in real-time to better understand clients’ spending habits. Insights will then turn the information into tips and advice for their customers, including instructions on avoiding unnecessary charges. Insights was developed with AI chat […].

Metro 170
article thumbnail

Use Case: Complex mBoarding: Delivering Innovation with a2ia Mobility

Payments Dive

The arrival of smartphones, tablets and mobile applications within the workplace have revolutionized the way businesses operate and the way they interact with customers and prospects.

Mobile 150
article thumbnail

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

article thumbnail

Santander InnoVentures Enters Brazilian Fintech Market Through Creditas Investment

Bank Innovation

Santander InnoVentures, the fintech venture capital arm of Spanish bank Santander Group, made an undisclosed investment in Brazilian fintech Creditas. The investment in Creditas, a digital online lending platform, marks Santander’s first venture into the Brazilian fintech landscape. While terms of the investment were not disclosed, Creditas announced a $5 million increase to its previously […].

Fintech 170
article thumbnail

Grocers Can Tap Into Price Comparison Apps

PYMNTS

The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. He loved to optimize his mom and dad’s shopping trips by clipping coupons and spotting sales. Years later, he found himself spending a ton of baby products and groceries when he had a family. And comparing prices between grocers wasn’t an easy feat.

article thumbnail

Wells Digital Labs Focuses on Predictive Banking

Bank Innovation

What areas of innovation are banks really focusing on right now? For Wells Fargo, the ways in which banks deliver information — as well as the technologies used to deliver it — is a key area of focus, at least for those employees working at the bank’s Digital Labs facility. “At the moment, we’re really […].

article thumbnail

Case Study: Scalable, Customizable, & Reduce Operating Costs for Mobile Remote Deposit Capture (mRDC)

Payments Dive

a2ia Mobility delivers a proven Check21 compliant application that is scalable, and reduces operating costs for financial institutions.

article thumbnail

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.

article thumbnail

Samsung Considers Blockchain To Manage Supply Chain

PYMNTS

Samsung is reportedly looking into blockchain technology to manage its supply chain, reports in Bloomberg said on Monday (April 16). The technology conglomerate, which is the world’s largest smartphone and semiconductor maker, is exploring a blockchain-based ledger system to manage its international supply chain. Samsung SDS VP and Blockchain Chief Song Kwang-woo said that supply chain involves the transport of billions of dollars worth of goods every year.

Samsung 139
article thumbnail

Bank Transformation: The New Multi-Channel Reality

Payments Dive

As consumers adopt new online banking and payment methods, retail banks will have to follow.

Retail 150
article thumbnail

How The Lending Landscape Is Quietly Changing

PYMNTS

The financial crisis that rolled through the economic landscape a decade ago was — among many things — a financial reset button. Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months.

Lending 137
article thumbnail

How Future-Ready is Your LOS Selection?

Gonzobanker

Many financial institutions are looking to implement a new loan origination system this year. Unfortunately, too many FIs are making their LOS decisions in reaction to general industry issues promoted by their vendors. In contrast, “future-ready” bankers choose their LOS based on pre-determined objectives and clearly defined targets that subsequently lead to measurable strategies and methodologies.

article thumbnail

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.

article thumbnail

Facebook Gears Up For Payments In India

PYMNTS

Amid the data privacy -related headlines that have been dominating Facebook ’s existence as of late, the company is carrying through with its efforts to expand in India, where the social media giant is moving into payments. FactorDaily reports that the company’s payments initiative comes through the confirmation of two sources, unnamed, who said the company has been constructing a payments platform.

article thumbnail

4.17.18 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: QR codes expand for payments in the Philippines and checking in the UAE; Worldpay adds support for new integrated point of sale technology; Mastercard applies for a patent for a blockchain identity security system.

article thumbnail

Twenty Percent Of Mortgage Loans Top 45 Percent Of Monthly Income

PYMNTS

New data shows that rising home prices are translating into mortgage loan debt not seen since the housing crisis. According to The Wall Street Journal , new research from mortgage data tracker CoreLogic found that about one in five conventional mortgage loans completed this winter went to borrowers who were paying more than 45 percent of their monthly incomes toward their mortgage and other debts.

Policies 132
article thumbnail

ATM-style security can thwart social-driven account takeovers

Payments Source

ATMs require dual-factor authentication in the form of a physical card and a PIN, and this same concept should be extended to phone transactions, writes Patrick Cox, CEO of TRUSTID.

ATM 67
article thumbnail

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.

article thumbnail

Walmart Overhauls eCommerce Site, Adds More Personalization

PYMNTS

Walmart, continuing to take on Amazon in the world of eCommerce, unveiled its overhauled Walmart.com website, which Marc Lore, president and chief executive of Walmart U.S. eCommerce, said was a “cleaner” and a “more modern digital shopping experience” for customers in a blog post. According to the executive, the updated Walmart.com will begin to be rolled out in May and will include a new look and feel.

Branding 131
article thumbnail

With P2P stagnant, where is Zelle getting its growth?

Payments Source

The bank-led P2P service Zelle is on track to move more than $100 billion at its first anniversary in June — a milestone that is at odds with overall consumer awareness of digital P2P options.

Mobile 65
article thumbnail

TaskRabbit Takes Website, App Down After Computer Hack

PYMNTS

TaskRabbit — the freelancer marketplace owned by IKEA, the Swedish furniture retailer — has been the victim of a hack that prompted the company to take its website and app offline Monday (April 16). The Wall Street Journal , citing TaskRabbit, reported the company alerted customers that they should change their passwords as it looks into what it is calling a “cybersecurity incident.

Security 130
article thumbnail

Wirecard adds Fitbit Pay to boon app

Payments Source

Wirecard has expanded capabilities of its boon digital payment app by partnering with Fitbit so customers in Europe may make contactless payments with the Fitbit Ionic or Fitbit Versa smartwatch models.

article thumbnail

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.