October, 2018

Gartner: you’re better than this

Chris Skinner

Mastercard Will No Longer Require Signatures On Cards, Receipts

PYMNTS

Mastercard, the payments company, announced on Thursday (Oct. 18) that cardholder signatures will now be optional for the back of credit cards and receipts. In a press release , Mastercard said it is making the changes due to advancements in technology and security.

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Advancing Innovation in the Global Financial Services Industry

Insights on Business

IBM RegTech Innovations. Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries.

How Apple's update may turn the payments space on its head

Mobile Payments Today

Recent changes to how Apple deals with the NFC chip in the iPhone and Apple Watch presents a world of opportunities

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Brexit A Boon For Blockchain?

PYMNTS

Questions loom large over Brexit. As the U.K. gears up to leave the European Union (EU), for commerce, there remains the unknowns of how trade will be affected, as well as how capital, goods and services can be tracked.

Visa Accelerates Tokenization Of Credentials On File For Digital Payments

PYMNTS

Visa announced today the commercial expansion of its Visa Token Service for “credential-on-file token requestors.”

From sandbox to sandcastle

Chris Skinner

Another lively discussion followed my meeting with the FinTech communities in Asia. It was interesting as we had a chat about all aspects of what was happening in South-East Asia, and the overwhelming message that came back to me was that the regulatory sandboxes had become sandcastles.

More Trending

Capitalizing on Open Banking as a catalyst for digital transformation

Insights on Business

There’s a new normal in financial services. Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain.

Bankers debate today's trends at Bank Customer Experience Summit

Mobile Payments Today

Executives from MB Financial Bank, Wells Fargo and USAA gathered in Chicago for a rapid-fire round table discussion on a variety of topics in the banking industry

Mapping Fraud’s DNA

PYMNTS

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations.

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FICO To Debut New Credit Scoring System In 2019

PYMNTS

Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019.

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Why P2P lending works in some markets and not in others

Chris Skinner

Someone asked me about getting return on investment in fintech. The discussion is about how many firms are actually delivering on their promise. So many unicorns are loss-making firms, and billion-dollar valuations on million-dollar revenues seems like a lot of hype.

Bitcoin Daily: AML Crypto Regulation Will Be Dictated In June 2019

PYMNTS

The Financial Action Task Force (FATF) announced that it will get one step closer to creating international standards for cryptocurrency when it launches its first set of rules in June of 2019.

Sales Territory Management: The importance of automation & how to choose the right solution

Insights on Business

This blog is reposted with permission – originally posted on the OpenSymmetry blog. Territory management (TM) is one of the hardest – and most important – sales activities to get right.

Restaurant and retail executives share their insights about mobile trends

Mobile Payments Today

Restaurant and retail executives that gathered in Chicago this past summer for the Networld Media Group's annual CONNECT: The Mobile CX Summit shared their thoughts with us about the hottest trends in mobile technology in this exclusive video

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Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween

PYMNTS

Halloween , the annual celebration of the spooky and supernatural, is just a couple of days away. For many in payments and the vast ecosystem that it powers, the scariest thing about Oct.

How Connected Devices Are Revolutionizing How And Who We Pay

PYMNTS

Connected devices — smartphones, tablets, voice-activated speakers, smartwatches, in-car dashboard systems — are changing how consumers in the U.S. buy and pay. Not just some consumers, but almost all of them. We have brand-new data that reveals how much change is happening.

11:FS launches Banking-as-a-Service

Chris Skinner

I don’t normally share press releases or advertorial, because this is my blog and it’s meant to be neutral and independent, but I have a stake in 11:FS and so this is different.

Visa Doesn’t View Cryptocurrency As A Business Threat

PYMNTS

Visa’s chief executive officer Al Kelly doesn’t think cryptocurrencies are a threat to its business and is ready to implement systems that support it if it becomes more mainstream.

Your everything IBM at Sibos guide

Insights on Business

The Sibos conference in Sydney is less than a week away. It’s time to pack those bags and hop on a plane. While you’re planning, make sure to book some time with IBM.

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Global Carrier Billing Summit: Round Up

Mobile Payments Today

Carriers, payment integrators and merchants from around the world met up in London last week at the Global Carrier Billing Summit to share their progress and provide updates

North Korean Hacking Group Lazarus Takes In $571M

PYMNTS

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Bitcoin Miners Fail To Make A Profit Despite Surge In Revenue

PYMNTS

Bitcoin miners have around $4.7 billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit.

What is digital transformation?

Chris Skinner

We talk about platform companies, and many use the famous TechCrunch quote to illustrate this: Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory.

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How Supplier Churn Can Stifle B2B Payments Automation: Symbeo

PYMNTS

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones.

How banks use bank-as-a-platform to modernize apps with cloud

Insights on Business

In today’s banking landscape, there’s a growing trend by clients to move their applications to the cloud, including their core banking applications. This movement — core to cloud — is essential for banks seeking to modernize their legacy systems and become agile and flexible.

Pundi X CEO On Dialing Up Digital Payments, Calling Up Blockchain Phones In Dubai

PYMNTS

A small test market could be ground zero for seismic changes in commerce and payments — and now possibly for cryptos. Consider Dubai, a city in the United Arab Emirates (UAE), home to 3 million souls. That’s a third of Manhattan’s population, if one is keeping score.

Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

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Mobile payment plays big role in restaurant omnichannel digital experience

Mobile Payments Today

Sean Kennedy, president of Cowboy Chicken, and Modern Market Technology Director Brian Anderson shared insight and tips on crafting a digital experience strategy at the Fast Casual Executive Summit

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The digital divide: inclusion must not create exclusion

Chris Skinner

I have one slight concern as we go cashless, having experienced it myself. You cannot go cashless if it does not include everyone. I had this experience in China.

How Much Of The Consumer’s Paycheck Goes To Amazon?

PYMNTS

In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking at their receipts after a shopping trip to Whole Foods. Whole Foods is, of course, the organic grocery chain that Amazon bought for $13.7 billion in June 2017.

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Small Business FinTech Takes Center Stage With VCs

PYMNTS

Cybersecurity investment probably won’t let up anytime soon.

Augmented Reality Growth Fueled by Chinese Investments

PYMNTS

One of the new realities of augmented reality is this: the technology is attracting more investment from China than from sources in North America.

Mastercard Blockchain Patent Would Support Multiple Currencies

PYMNTS

Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk , the patent describes how a firm may need to store different types of transaction data on the same platform, which is difficult to do on a single blockchain.

Podcast Episode 12: The Rise of Digital Identity with Equifax Mobile Strategy Leader, Hrishi Talwar

Mobile Payments Today

Host Will Hernandez, discusses the rise of digital identity, how mobile affects the digital identity, with Equifax Mobile Strategy Leader, Hrishi Talwar

AI is only as good as the people who program it

Chris Skinner

Artificial Intelligence (AI) is moving at a pace, creating a really interesting online debate the other day about its applications. Specifically, the question was raised about self-driving cars and how they make decisions. For example, when a self-driving car crashes, who should die?

Furnishing The Mobile Lifestyle, Sharing Economy-Style

PYMNTS

Michael Barlow has called several places home: He has moved five times in seven years and lived with different roommates. But through his experiences, he didn’t have the furnishings that he wanted. “I

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