Tue.Mar 24, 2020

Brex: Market volatility not ‘doomsday’ for tech funding

Bank Innovation

Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6 billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Within our sector, we definitely may have a slowdown, but it’s not doomsday, where nobody […]. Carousel Customer Experience Innovation Strategy Investing Lending Payments Premium Anthemis Group Brex venture capital

Things worth reading: 25th March 2020

Chris Skinner

Things we’re reading today include … UK cash usage halves within days as shops close due to coronavirus Banks, regulators move to protect customers from wave of coronavirus scams in UK, U.S. Non-bank lenders will bear brunt of credit crisis Wells Fargo to pay special compensation to front-line workers amid … The post Things worth reading: 25th March 2020 appeared first on Chris Skinner's blog. Reading

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Revolut makes US debut in shaky COVID-19 economy

Bank Innovation

London-based Revolut today announced its U.S. launch after a beta test that began last summer. However, some in the industry question whether now is the best time to launch the U.S. product, given the novel coronavirus pandemic. America, we come bearing good news in these uncertain times,” Chad West, Revolut’s head of marketing and communications […]. Carousel Lending Premium Product Design 11:FS Aite Group challenger bank Chime Coronavirus COVID-19 digital bank N26 revolut Varo

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Banking industry groups seek help on COVID-19

Mobile Payments Today

Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are concerned that time needed for saving their businesses could run out before help arrives

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Coronavirus – Lessons Learned from Italy


Key Takeaways We can learn about potential fraud from previous cases such as Italy. Fraudsters capitalized on vulnerabilities from shifts in daily life due to coronavirus. Organizations must learn from the lessons learned in Italy to protect themselves from cybercrime. .

More Trending

Pandemic's move to online payments comes with a fraud spike

Payments Source

While financial institutions are encouraging customers to use their digital banking services rather than the branch or ATMs during the outbreak, attackers will also be looking to exploit this potential increased adoption of mobile banking and mobile payment apps, says OneSpan's Sam Bakken. Risk Payment fraud Online payments Coronavirus ISO and agent E-Commerce

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Intuit And GoFundMe Team Up On Small Business Relief Fund


Fundraising platform GoFundMe and Intuit QuickBooks have teamed up on an initiative to help small- and medium-sized businesses (SMBs) raise money while they’re facing challenges from COVID-19, the disease caused by the coronavirus , according to a press release. It’s called the Small Business Relief Initiative, and it has the goal of getting “money in the hands of small businesses struggling to pay employees and business expenses due to COVID-19.”. “As

Why Congress considered a digital dollar in its coronavirus response

Payments Source

The coronavirus stimulus package has resurrected calls for the U.S. government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S. and could dent interchange fees and private stablecoin projects like Facebook’s Libra. Digital payments Interchange fees Coronavirus Mobile wallets Facebook

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China’s ‘Once-In-A-Lifetime Disruption’ For eCommerce


Markets are tumbling. Fears of a global recession are mounting. Nowhere is the pain being felt more acutely than in China, where the coronavirus first took root and spread, where businesses and supply chains went dark, and where hundreds of millions of consumers, as well as businesses and their workers, stayed in their homes — into, and then through, the Lunar New Year, a key season for retail.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Citi hires card execs from Chase, Apple Card and Amex

Payments Source

Citi is beefing up leadership in its consumer card lending operations by recruiting Chase exec Pam Habner — credited with engineering the success of Chase’s Sapphire Reserve card — and former Citi exec Chris Fred, who will return after several months running the Apple Card business at Goldman Sachs. Apple American Express Citigroup JPMorgan Chase Credit cards

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Micro Firms Losing $2B A Year By Forgetting To Invoice


FinTech Amaiz , promoting its bookkeeping and banking services app, found in a survey that roughly one-third of micro businesses have trouble with payments, according to a press release. The survey was conducted by 3Gem in February. It showed that around 15 percent of those surveyed still only take cash. Of those businesses, 31.5 percent said they had lost business because of that fact. Amaiz found that 34.6

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How To Find A Job During Recession


The writing is on the wall. The post COVID-19 economy is likely to be hit by recession resulting in a massive loss of jobs. So how will you navigate these uncertain times? Let’s find out. . COVID-19 has brought the world to its knees.

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The Tipping Point For Instant Digital Payouts To Restaurant Workers


The last few weeks have been hard times for the restaurant industry in the U.S. — big chains and mom-and-pop joints alike are closing their dining rooms, furloughing their staff in some cases and working overtime to find out-of-the-box ways to weather the incoming storm. And, according to the projections from the National Restaurant Association, the forecast looks pretty grim.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

Contactless payments must evolve from 'how' to 'why'

Payments Source

Targeted marketing efforts must go beyond explaining the functionality and instead educate consumers about all benefits that contactless can offer. Responsible communication should prioritize those who are at the highest risk for infection, says The Futurist Group's Demitry Estrin. Contactless payments Risk Coronavirus ISO and agent Payment processing Merchant Cash

First Online-Only Bank Opens In Hong Kong


The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. The bank is a unit of China’s ZhongAn Online P&C Insurance Co. In 2019, Hong Kong issued about eight digital banking licenses to companies like Ant Financial, and a team-up of Tencent and Standard Chartered.

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Pandemic's timing could push more merchants to start surcharging

Payments Source

It's still unclear how the coronavirus pandemic will alter payment habits over time — will consumers avoid cash out of fear of germs, or will they favor it as the one payment option that nearly all merchants accept? An impending change in interchange rates may tip the scales in cash's favor. Compliance Interchange fees Coronavirus Network rules Cash

BlueSnap Adds X-Border Payments Support For B2B eCommerce


BlueSnap wants to break the glass ceiling for companies looking to sell products on marketplace-style websites of their own with its new product, according to a press release. The platform makes use of tools with automated vendor operating, seamless split payouts and cross-border technology in order to make things work for companies that want to implement a full-on market in which people can buy and sell products.

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Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

Coronavirus To Kill Cash For Good

Daily Fintech

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia. If there is one financial instrument particularly exposed to the coronavirus, then it would have to be cash payments. For several weeks now, as virus fears ramp up in Australia, I have noticed local businesses banning cash payments overnight, to protect staff from potential infection risks associated with contaminated cash.

SotBank Considers Going Private


SoftBank Group has been spending time in talks with investment firms Elliott Management and Mubadala over the possibility of taking its Japanese tech conglomerate private, the Financial Times (FT) reported, but the strategy has ultimately been scrapped. After a stock market slump as of late due to the coronavirus pandemic, SoftBank founder Masayoshi Son has been trying to boost shares in the company again.

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Rise in shelter-at-home shopping could provide cover for fraudulent returns

Payments Source

As coronavirus forces most shopping to occur online, merchants will likely see their product return policies tested by both good customers and the unsavory ones who abuse those policies for profit. Online payments Mobile payments Fraud prevention Coronavirus

FIs Most Underutilized Asset: Their Apps


Mobile banking apps are designed to make digital banking more convenient for customers, yet 21.7 percent of consumers who use these apps are dissatisfied with them. This is true even for routine transactions, such as transferring money to friends and relatives or making retail payments. So what can financial institutions (FIs) do to improve their apps’ user experience (UX), and will making these changes help boost adoption and usage?

How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

Mastercard ditches 2020 outlook on plunging customer travel

Payments Source

Mastercard Inc. ditched its full-year outlook for revenue growth and lowered forecasts for first-quarter results it announced just a month ago. Coronavirus Mastercard


Bitcoin Daily: Brave Grows Crypto Features With Binance Integration; CoinDCX Backed By Bain Capital, Polychain Capital


Brave , a web browser, is teaming with Binance to grow its digital currency features via an integration, according to reports. Users will have the ability to purchase, receive and trade digital currency assets right on a new tab page. Brave has been working with digital currencies and rolled out its Basic Attention Token (BAT) digital currency. Brave will support many digital currencies aside from BAT, like Ethereum, Bitcoin, Litecoin and others, in a release to come.

How COVID-19 and new federal laws will affect the ATM industry

ATM Marketplace

As relief and funding packages are being debated in Washington, the National ATM Council looks to how these new laws will affect business

Apple Card’s New Privacy Policy Allows More Data Sharing With Goldman, Adds Transaction Details


Apple has updated Apple Card’s privacy policy to allow more sharing of anonymous data with partner Goldman Sachs, according to a report. Apple said it’s making the change to help determine customers’ credit eligibility. Customers will have the ability to opt-out from the change. The data Apple will share with Goldman will allow for a new credit assignment program that could potentially allow more people to access credit, or at least have the opportunity to do so.

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.