August, 2021

Delight customers with easy and invisible payment experiences

Accenture

In early 2020, when the COVID-19 pandemic shut down many everyday services, people discovered new ways of doing things—like grooming their pets or styling their own hair. Doing these things involved mainly online purchases.

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Former SEC Enforcer Says Watchdogs, Crypto Firms Need Open Dialogue on Oversight

PYMNTS

The common view of the cryptocurrency landscape is that it’s the Wild West — untamed, with speculative activity out of control, and with regulators bearing down, eyeing a new slew of laws and guardrails that must be crafted and implemented post-haste. The rhetoric is heated, to put it mildly.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award.

The Progressive Edge In Usage Based Insurance

Daily Fintech

Progressive Insurance has risen from modest beginnings since being founded in 1937. After its 1986 IPO, it has delivered 20.5% CAGR vs 9.9% by S&P 500. Personal auto insurance (with specialty lines of watercraft, RVs, motorcycles) remains the biggest revenue source.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

USDC Now Backed By Cash, US Treasuries

PYMNTS

Cryptocurrency exchange Coinbase and network C e ntre are collaborating to support Circle's USD Coin , which is now backed by cash and short-term U.S. Treasuries, according to a Centre blog post and multiple news reports.

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More Trending

What purpose-driven banking leaders do differently

Accenture

It’s an axiom among data-minded people that “In God we trust; all others must bring data.” Today we’re going to apply that idea to the hypothesis that purpose-driven banks outperform their peers.

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Cardano Partners With Ethiopia Government On National ID Blockchain System

PYMNTS

Input Output (IOHK), the company behind the Cardano cryptocurrency, plans to build a national ID blockchain system in Ethiopia.

7 ways community banks can boost profitability

Independent Banker

Photo by Paper Boat Creative/Getty. A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. By Cheryl Winokur Munk. Quick stat.

FinTech Company Nubank Eyes $2B IPO

PYMNTS

Brazilian neobank Nubank is readying an initial public offering (IPO) greater than $2 billion by year’s end, according to a Thursday (Aug. 12) report from Bloomberg. As PYMNTS reported previously, this is not the first time the Latin American FinTech company has reportedly considered an IPO.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

RippleNet Expands Operations In S. Korea-Thailand Remittance Corridor

PYMNTS

RippleNet, Ripple’s global financial network, announced on Wednesday (Aug. 11) a third addition to its list of financial institutions (FIs) and money transfer companies in South Korea — Global Money Express (GME Remittance) — after partnerships with CROSS ENF and Sentbe.

BitPay CFO: Crypto Here To Stay As People Have Big Incentives To Pay

PYMNTS

Mainstream adoption of cryptocurrency is still some way off, partly because a lack of education — especially among older consumers — saps confidence.

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Why banking’s ‘electric car moment’ will create new winners and losers

Accenture

No matter what they drive, bankers today should pay attention to the electric car space. It’s a striking example of how an innovator with a tech edge and strong sense of purpose can upend a mature industry and force incumbents to compete on their terms.

Alchemy Pay Will Offer Virtual Crypto MC, Visa Cards 

PYMNTS

Hybrid crypto-fiat gateway Alchemy Pay will be launching what it calls “virtual crypto-linked cards” that it says will speed up the use of cryptocurrencies in the payments sector. .

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Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

T-Mobile Says It's Working To Address Cybersecurity Incident

PYMNTS

T-Mobile data may have been accessed illegally, the company announced in a Monday (Aug. 16) press release , noting it is “working around the clock” to investigate. “We

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Child Tax Credit Boosts July US Retail Sales, Mastercard Reports

PYMNTS

retail sales in July increased by 10.9 percent year on year, excluding auto and gasoline, signifying “nearly quadruple the average growth in the month of July,” a new report from Mastercard showed.

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Bank BBVA Teams With Ant’s Blockchain Platform Trusple

PYMNTS

Bank BBVA , recently acquired by PNC Financial Services , is now offering payment and financing services on Trusple — China’s Ant Group’s blockchain platform for global trade.

Super App or Not, Facebook Pay Knows It Needs to Close The Consumer Trust Gap

PYMNTS

Facebook Messenger celebrated its 10th anniversary this week, adding the option for users to send cash birthday gifts directly through the platform using Facebook Pay. The new feature is the latest step in the company’s ongoing efforts to try to scale the Facebook Pay service.

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

Four actions for banks to prepare for the Open Banking wave

Accenture

Compared with challenger banks, some traditional banks have been slow to adopt Open Banking. This is perplexing, given the potential $416-billion market opportunity Open Banking represents and the growth we expect to see over the next three years.

FedNow Follows TCH to Enable Instant Bill Pay

PYMNTS

The Federal Reserve is rolling out new details for the FedNow instant payments service scheduled to launch in 2023, touting it as a tool that businesses owners and individual consumers will want to use — and participating financial institutions will want to offer.

JPMorgan: A Digital Strategy Without A Data Strategy Is No Strategy

PYMNTS

These are busy days for Lisa Davis , managing director, head of digital channels at J.P. Morgan Chase.

IDC Says Companies Will Spend $342B On AI Solutions For Digital-First Economy

PYMNTS

The artificial intelligence (AI) market is booming these days, with companies forecasted to spend hundreds of billions of dollars on AI solutions for a more digitally focused world. Revenue for the market is expected to grow 15.2 percent year over year in 2021, which will see it hitting $341.8

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

Merchants Can Now Accept e-RUPI Through SBI, Hitachi Payments

PYMNTS

Mumbai-based Hitachi Payments , a shareholder of SBI Payments , will be teaming with SBI on letting smaller companies accept e-RUPI transactions, a press release says. The e-RUPI is a single-use, prepaid voucher that allows for sending to recipients, and then can be used for a specified payment.

Bakkt CEO: Convergence Of Crypto, Rewards and Loyalty Will Enable ‘Pay With Anything’ Era

PYMNTS

It seems that pretty much anything can be turned into a digital asset these days — that is, if it hasn’t been converted already.

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How Canadian banks can embrace the Business of Experience

Accenture

As I read my colleague Robert Vokes’ perspective on the importance of banking’s human connections in a digital age, I thought about the Business of Experience (BX) as the next level in activating more meaningful connections, and the opportunity I am seeing for Canadian banks.

Social Media Speed Bump Could Slow Path Of Cryptos’ Main Street Ambitions

PYMNTS

In the age of social media, anyone, at any time, can rise up to become an influencer. And they can encourage the masses to do any number of things. Try makeup or read a “hot” new novel.

4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!