Payments Dive

MAY 8, 2020

Cash use in the UK is down, but LINK, UK's largest ATM cash machine network, reports ATM users have increased the amount of money they're withdrawing.

Report 365

Report ATM 365

PYMNTS

MAY 8, 2020

The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. In an interview with Karen Webster, Carleigh Jaques, senior vice president and general manager of CyberSource , a Visa solution, said commerce is now different, especially for smaller enterprises.

Cards 260

Cards Fraud Online Operations 260

Abrigo

MAY 8, 2020

This morning’s Employment Situation Report from the Bureau of Labor Statistics for the month of April was, not surprisingly, grim. The headline unemployment rate (U3) moved to 14.7%, up from 4.4% the month before. The broader measure of labor underutilization (U6) moved to 22.8%, up from 8.7% the month before. Nearly 21 million jobs were lost in April, wiping out nearly a decade's worth of job gains.

Report 195

Report Survey Marketing Lending 195

PYMNTS

MAY 8, 2020

Jio Platforms Ltd., India’s largest mobile operator, announced it is raising 113.67 billion rupees ($1.5 billion) from Vista Equity Partners, the U.S. private equity firm. The deal is the latest in a series of investments by the Mumbai-based firm to eliminate its debt, The Wall Street Journal reported. . Last month, PYMNTS reported that Facebook would invest $5.7 billion for a 10 percent stake in Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani’s conglom

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Texas Mobile Operations Report 249

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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

Payments Dive

MAY 8, 2020

The world of banking continues to change and evolve.

Digital Banking 352

Digital Banking 352

Payments Dive

MAY 8, 2020

The world of banking continues to change and evolve.

Digital Banking 186

Digital Banking 186

PYMNTS

MAY 8, 2020

People have been talking about the world “going digital” for the last decade, and anticipating the arrival of a digital-first world. But even the most enthusiastic futurist or technologist couldn’t have forecast that by the first week of May 2020 the world would no longer be going digital so much as gone digital in response to black swan events that radically hit reset on our working, commerce and personal lives nearly overnight.

Security 244

Security Data Fraud Training 244

Payments Source

MAY 8, 2020

Citing a need to better serve its customers in the future and also boost the image of the XRP cryptocurrency, Ripple announced this week it was joining the ISO 20022 standardization committee.

cryptocurrency 121

cryptocurrency Compliance 121

PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. “Now more than ever, people are counting on technology to help them make contactless payments, shop, and manage their finances without leaving the house,” said Sang Ahn, vice president and GM of Samsung Pay’s North America service business, in a statement.

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Samsung Management Cards Regional 230

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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

Payments Source

MAY 8, 2020

A mix of consumer debt and economic anxiety is shining a light on firms that offer alternatives to revolving credit. This, in turn, creates a chance to further tie financing directly to checkout.

Online 93

Online Payments 93

PYMNTS

MAY 8, 2020

Businesses and consumers still see the new coronavirus’s reverberating effects upon their finances and lives. Gig workers have been particularly affected by the pandemic, as many saw their opportunities for work dry up and disappear over the past few months amid stay-at-home orders and social distancing protocols. The United States government has attempted to offer relief through its federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, which opens unemployment benefits to self-emp

Software 203

Software United States Payments Company 203

Payments Source

MAY 8, 2020

When Fiserv purchased First Data in 2019, it was part of an industrywide push to combine bank and merchant technology under one roof. A year later, a key piece of First Data’s technology — and its top executive — have become Fiserv’s path through the coronavirus crisis.

Data 93

Data Technology Mobile Payments 93

PYMNTS

MAY 8, 2020

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Organizers are offering refunds to fans who have purchased tickets for large events — such as a well-known tennis contest — that have been delayed because of the health crisis. The French Tennis Federation said that those who have tickets to the French Open would receive reimbursements, The Deccan Herald reported.

Report 192

Report Retail 192

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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

ATM Marketplace

MAY 8, 2020

Blogger Richard Buckle explains how cash is still a necessary payment option, especially to the underbanked and underserved, during the COVID-19 pandemic.

US 95

US Payments 95

PYMNTS

MAY 8, 2020

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. As of this week, a lot of that speculation is coming to an end, as the official revenue figures are rolling in and illustrating mathematically what the before and after of the global pandemic has looked like.

Lending 187

Lending Payments Exercises Report 187

CFPB Monitor

MAY 8, 2020

The CFPB recently issued two factsheets regarding the Equal Credit Opportunity Act (ECOA) and Regulation B provisions that require creditors to provide the applicant with a copy of any written appraisal or other valuation developed in connection with an application for a first lien mortgage loan to be secured by a dwelling (ECOA Valuations Rule). One factsheet addresses the transactions that are covered by the rule, and the other factsheet addresses delivery and timing requirements of the rule.

Examples 78

Examples Security Regulation Mobile 78

PYMNTS

MAY 8, 2020

Winston Churchill is often credited with the expression: “Never let a crisis go to waste.” It is up for debate whether he actually coined the phrase, as there are no recordings or writings of Churchill that include it, though contemporaries recall him saying it. Apocryphal or not, it is extremely relevant to the present times, Trulioo Chief Operating Officer Zac Cohen and Karen Webster noted in a recent conversation, as the rapid shutdown of the physical economy in response to the COVID-19 epide

Security 186

Security Fraud Tools Maine 186

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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.

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Payments Source

MAY 8, 2020

JetBlue Airways Corp. sold loyalty points to Barclays Plc for $150 million, making the carrier among the first in the U.S. to use the method to raise cash as the coronavirus pandemic all but extinguishes demand for travel.

Cards 80

Cards 80

PYMNTS

MAY 8, 2020

The Consumer Choice in Payment Coalition ( CCPC ), made up of numerous businesses and consumer representatives, aims to protect the use of cash against the encroaching tide of digital pay. The Coalition will first be pushing HR 2650, or the Payment Choice Act of 2019. That bill, introduced by Rep. Donald M. Payne Jr. (D-NJ), would maintain cash as a valid method of payment nationwide, going against some places phasing it out as a source of payment.

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Groups San Francisco NJ New Jersey 182

American Banker

MAY 8, 2020

Stilt, which had already been offering unsecured loans to newcomers to the U.S., is working with technology and banking partners to offer them deposit accounts and debit cards.

Cards 91

Cards Technology Fintech 91

PYMNTS

MAY 8, 2020

Financial uncertainties following layoffs and furloughs have made many U.S. consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. Shopping on mobile devices has increased 7.7 percent in March, even as shopping in stores is down, according to recent PYMNTS research. Purchasing cannot occupy consumers for long, however, and they are searching for other ways to stay entertained.

Online 176

Online Industry New Jersey Pennsylvania 176

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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

FICO

MAY 8, 2020

Security and Authentication in a Digital World. For many years we’ve been reliant on usernames and passwords to secure digital accounts – but we know these aren’t adequate. Mass data breaches have made account information and passwords available to buy extremely cheap on the dark web. They simply don’t do the job – so what happens next? Any new authentication methods as a minimum, must offer a suitable level of security and be acceptable to those that use them.

Security 83

Security Digital Banking Study Survey 83

PYMNTS

MAY 8, 2020

The latest jobless report illustrates the devastation caused by COVID-19, as the U.S. Bureau of Labor Statistics released the worst unemployment numbers in the nation’s history. Nonfarm jobs fell by 20.5 million in April, and the unemployment rate rose to 14.7 percent from a half-century low of 3.5 percent in February, according to the BLS. That number tops the post-World War II record of 10.8 percent in November of 1982, and it’s the highest rate and the largest over-the-month increase i

Industry 173

Industry Report Retail Data 173

Payments Source

MAY 8, 2020

Trends in China such as mobile payments, omnichannel shopping, and social commerce show us what a post-coronavirus world could look like for brands and retailers in the U.S., says Azoya International's Franklin Chu.

Trends 79

Trends Branding Mobile Retail 79

PYMNTS

MAY 8, 2020

As they navigate the coronavirus pandemic and begin to reopen stores, large retailers are putting safety measures into place to keep shoppers and staff members safe — and get customers confidently back into stores. For instance, Ulta Beauty is having all staffers wear face coverings in its brick-and-mortar locations, and it will request that shoppers do the same.

Retail 173

Retail National United States Groups 173

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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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