Payments Dive
DECEMBER 18, 2018
Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership.
Bank Innovation
DECEMBER 18, 2018
A majority of Bank Innovation readers do not believe the results of the November midterm elections will have any impact on regulation pertaining to the fintech industry. In November's poll conducted on Bank Innovation, readers were asked how the elections would impact fintech regulation, and if so, will it have a positive or negative impact […].
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PYMNTS
DECEMBER 18, 2018
Amazon , Apple and Google are among the large tech companies that are throwing their support behind the creation of a real-time payments network in the U.S. led by the Federal Reserve. According to a report in the American Banker citing a letter submitted by a trade group representing Amazon, Apple, Google, PayPal , Square , Stripe and Intuit , they all expressed their support for the Fed being in charge of the development of a system that can connect all the banks and credit unions in the U.S
Bank Innovation
DECEMBER 18, 2018
Consumer expectations for their banking are quickly evolving from siloed multichannel experiences to deeply personalized omnichannel experiences. In retail that happened some time ago — for example, consumers not only expect to be able to shop in person or online, they expect to be able to view merchandise in stores and purchase it online (or […].
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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
PYMNTS
DECEMBER 18, 2018
New technology continues to change the way consumers order and pay for quick-service restaurant (QSR) food: Kiosks and online ordering, among other experiences, let consumers ditch the counter for faster and higher-tech alternatives. But these restaurants are not innovating all that fast — even with all sorts of new technologies hitting the market. According to the PYMNTS Restaurant Readiness Index , the average technological implementation score is far from perfect at 38.7 out of 100.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 18, 2018
Amazon’s third annual Digital Day, which offers savings on digital content across the site, will be on Dec. 28, the company announced. Interested customers can access digital deals on movies, TV shows, eBooks, mobile games and apps on Amazon ’s Digital Day website. “Amazon Digital Day continues to provide great deals on digital content,” said Aaron Rubenson, Amazon’s vice president of digital, app and game services.
Bank Innovation
DECEMBER 18, 2018
No one can say for certain what the future holds for banking and financial services, but some people are in a better position to make guesses than others. One of those whose job is to make bets on what will come next is Lisa Frazier, head of innovation for Wells Fargo & Co. Here are […].
PYMNTS
DECEMBER 18, 2018
Millennials value experiences over things, as the familiar digital age adage goes, but sometimes millennials do, in fact, need actual things , such as sofas, beds and tables to furnish their apartments and houses. But they still value experiences – that is, shopping experiences – as they hunt for the furniture that allows them to unwind and relax in their own homes.
Bobsguide
DECEMBER 18, 2018
The global insurance market has remained more or less untouched by philosophical shifts for decades. Yet thanks to a flurry of recent tech innovations, an influx of investment from venture capitalists and sky-high demand for bigger, better and faster insurance products, the sector is now.
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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
PYMNTS
DECEMBER 18, 2018
In a rare press conference inside its Dongguan facilities, Huawei Technologies said it would spend $2 billion over the next five years to concentrate on cybersecurity initiatives, according to a report by Reuters. This would include hiring more people and enhancing lab operations, as the company tries to counteract some of the negative publicity that’s connected to its network equipment.
Bobsguide
DECEMBER 18, 2018
Strong customer authentication (SCA) is “GDPR on steroids”, and regulators aren’t making compliance easier by being divorced from the payments process on the ground. That’s according to Paul Rodgers, chairman of Vendorcom, speaking on a panel at an industry event in London.
PYMNTS
DECEMBER 18, 2018
Human resources and payroll management solution provider Paychex is integrating its data into QuickBooks Online to synchronize data for joint customers in real time. In a press release issued Monday (Dec. 17), Paychex said its General Ledger Service (GLS) now integrates into QuickBooks Online for faster access to key data for both small businesses and their accountants.
Bobsguide
DECEMBER 18, 2018
Acquirers and issuers should “band together” to meet payments standards and allow merchants to get on with transactions, according to a panel at an industry event in London this week. John Greenwood, executive director at Compliance3, told attendees that payments organisations need to.
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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.
PYMNTS
DECEMBER 18, 2018
H&M Home and Google have announced a holiday partnership, according to reports. The apparel, home design and decoration company has created a gift guide for the holiday season with Google, using Google Assistant voice technology. Customers will be able to order goods from a catalog on their smartphones and Google Home smart devices and will also be able to pay, all using voice controls.
Payments Source
DECEMBER 18, 2018
The high-tech and visual user experience is getting set to take hold, giving merchants something to think about, according to Radu Spineanu, co-founder and CEO of Two Tap.
PYMNTS
DECEMBER 18, 2018
Authentication can take effort, but consumers don’t want to deal with complex logins — even when dealing with their most sensitive accounts, like those containing healthcare or medical information. That means it’s up to healthcare providers to make sure the users logging in to book appointments or change their health details really are who they claim to be, while speeding the process as quickly as possible.
Payments Source
DECEMBER 18, 2018
TransferMate, a cross-border B2B payments provider based in Ireland, has announced plans to buy Devisenwerk, a Swiss foreign exchange firm, to expand its capabilities and geographic reach.
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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.
PYMNTS
DECEMBER 18, 2018
Comic books (along with their more sophisticated cousins, graphic novels) are treated not only as literature these days by fans and many scholars, but they also have a firm place in U.S. culture, in that sweet spot where “low” and “high” art meet. As well, the form has a long history of transmitting national values and providing cultural, political and even economic education — one need only dig deep into the comic scene during World War II to understand that.
Payments Source
DECEMBER 18, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon improves Alexa's security; Mobile pay leaps in Australia; Ride sharing app Careem diversifies; Belgian transit pay goes to the cloud.
PYMNTS
DECEMBER 18, 2018
Twitter, the microblogging website operator, saw its stock tank in trading on Tuesday (Dec. 18), after it said it was looking into unusual traffic that could be from hackers backed by governments. According to a report in Reuters , citing a blog post by Twitter , the social media company said it discovered the traffic to a customer support forum while looking into a security hole that makes user data, such as phone country codes, accessible to hackers.
Payments Source
DECEMBER 18, 2018
Alipay is upgrading its facial recognition technology to make it more accessible to users and to make it harder for crooks to game the system.
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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.
PYMNTS
DECEMBER 18, 2018
The tax man cometh, logging miles — in a manner of speaking. On Friday (Dec. 14), the Internal Revenue Service (IRS) updated the standard mileage rates, which apply in part to vehicles used for business purposes. The mileage rate increase should spur businesses to consider how they reimburse the drivers who are part of everyday business operations, especially in the age of the mobile (literally) worker.
CB Insights
DECEMBER 18, 2018
Forget millennials. Fintechs are starting to target a new age demographic: retirees. Today, retirees in the US are increasingly digitally savvy and living longer in retirement. As a result, new fintech startups are emerging to service the financial needs of this growing population. According to the Population Reference Bureau, the number of people age 65+ in the United States is set to jump from 46M in 2015 to 64M by 2025, and on to nearly 100M by 2060.
PYMNTS
DECEMBER 18, 2018
Getting into the predictions game in payments and commerce is always a dangerous move, as things so often take unexpected and unprecedented turns. Could anyone have predicted the rise of “bleisure” travel or Canadians’ love affair with plastic ? Still, some bets seem worth hazarding: eCommerce will likely continue its growth spurt, for example.
Payments Source
DECEMBER 18, 2018
The Global Payments Innovation service now moves 55 percent of Swift's cross-border transactions as it nears its second anniversary.
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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.
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