February, 2019

PayPal CEO: Digital Payments To Be $100T Market

PYMNTS

There are markets and there are $100 trillion markets. And might digital payments be in that $100 trillion classification?

Podcast Episode 15: Banking on the Gig Economy

Mobile Payments Today

Joust CEO Lamine Zarrad carves out a unique space among fintechs by addressing the special circumstances of freelance workers

How financial services firms are using chatbot technology to transform their businesses

Insights on Business

The IBM Watson Assistant team has been busy in the past year helping clients implement state-of-the-art chatbots. The financial services industry is one of the fastest adopters of this technology. As a result, at IBM Think 2019 you’ll be able to find a number of client-led sessions.

Study Shows Strong Relationship Between Credit Score Review and Credit Score Increase

Bank Innovation

Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out.

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Revolut: the growing pains of a FinTech unicorn

Chris Skinner

One of the things I say fairly often is that the FinTech start-up community is fairly naïve. Not all, but many, do not understand the nuances of finance and why it is regulated the way it is.

Ripple Expands Into Middle East, Canada

PYMNTS

Mercury FX , the international currency exchange provider, is reportedly relying on Ripple’s XRP xRapid to open up ten new payment corridors by the middle point of this year.

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Adyen Launches New Open Banking Payment Service

PYMNTS

Adyen, the payments platform, announced Wednesday (Feb. 20) it has launched a new payment service that is powered by open banking.

More Trending

Calling the true innovators: Venture into the future of financial services

Insights on Business

Three years ago, banks were looking at fintechs with a wary eye. Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. Now, they are all in.

Rob Guilfoyle, CEO of Abe AI, Joins Speaker Faculty of Bank Innovation Ignite

Bank Innovation

Rob Guilfoyle, CEO of Abe AI, will be speaking at Bank Innovation Ignite 2019 on March 11-12 in Seattle.

When will Amazon launch its bank?

Chris Skinner

Name the company that strikes fear into everyone’s hearts in business? In the 1980s, it was IBM. You never get fired if you buy IBM, even though It’s a Bloody Mess. In the 1990s, it was Microsoft.

The Price Of Paying With Plastic Is Going Up

PYMNTS

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards.

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Visa: EMV Cuts Card-Present Counterfeit Fraud By 80 Pct

PYMNTS

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015.

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Wearables forge new payment partnerships, see strong demand

Mobile Payments Today

Smartwatches and other wearables are forging new partnerships with payments companies and technology partners, leading to increasing demand in the category

GRC is front and center at IBM Think 2019

Insights on Business

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Massive volumes of regulations are being developed across global financial market segments.

These 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite

Bank Innovation

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Community Capital Technologies, Denizen Financial, Diro Inc., Exagens Corp.,

Are you in banking or technology?

Chris Skinner

I’ve had a lot of conversations with bankers and technologists, and realised something recently.

AlipayHK Expands With Cross-Border Payments To Japan And Greater Bay Area

PYMNTS

AlipayHK users will soon be able to use the service in parts of Japan and Southern China, the company said on Tuesday (Feb.

Chase Going After PayPal, Stripe In eCommerce Payments

PYMNTS

JPMorgan Chase is gearing up to take on the likes of Apple Pay, PayPal, and Stripe by boosting its market share in the global treasury services industry by a goal of 50 percent.

Legislators move to ban cashless payments at retailers, restaurants

Mobile Payments Today

A backlash against cashless retailers and restaurants has spurred legislation in multiple cities and states to force them to accept cash payments

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How do you solve a $48 billion payment fraud problem?

Insights on Business

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018.

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The Best Online Banks Right Now

Bank Innovation

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet.

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39 FinTech Unicorns Valued at $147.37 billion

Chris Skinner

I spotted an article by Linus Beliunas on LinkedIn this week, and liked it so much that wanted to share. Enjoy! 39 FinTech Unicorns Valued at $147.37 billion 2018 was a phenomenal year for FinTech.

As The IoT Grows, Can It Overcome Security Problems?

PYMNTS

The Internet of Things (IoT) is about much more than the actual things, of course.

Can FinTechs And Banks Actually Have A Perfect Marriage?

PYMNTS

The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce.

Restoring trust with customers in a mobile world

Mobile Payments Today

How retailers can regain trust with customers in a time of heightened risk

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Automating is the way of the future in banking

Insights on Business

The future is here with the convergence of technologies and capabilities including AI, robotic process automation, blockchain, advanced analytics and cloud. Together, the convergence is causing major change in all aspects of our lives. Business processes are being recreated and automated; and to keep up, we need to change the way that we work and even our workplaces.

SMBs Cross The Chasm Of Accounting Innovation

PYMNTS

Small business (SMB) adoption of technology can be a process filled with growing pains and friction points, thanks to the cost and disruption associated with integrating a new technology.

Is JPMCoin a cryptocurrency and what should SWIFT do about it?

Chris Skinner

It’s not often that the Twittersphere I watch lights up in deep conversation, but a long one started last week thanks to JP Morgan’s announcement of the JPM Coin. Falsely labelled a cryptocurrency, loads of headlines emerged about JPM killing XRP, the currency of Ripple.

XinFin Signs On To R3 Corda For Enterprise Blockchain Apps

PYMNTS

Enterprise blockchain platform XinFin is joining the R3 consortium, with the R3 Corda marketplace hosting several XinFin apps for business users, the companies said in a press release Friday (Feb.

Equifax Chief Hit By Identity Theft Three Times

PYMNTS

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). Begor made the confession after U.S.

Mobile coupons drive loyalty, customer engagement

Mobile Payments Today

Retailers and others have transitioned physical coupons to the mobile space, as a way to enhance customer loyalty and engagement

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Mastercard, Brex Pair On Biz Travel Rewards

PYMNTS

Brex has announced that it is partnering with Mastercard to issue the World Elite Mastercard for Business, offering an enhanced rewards structure and expanded suite of travel benefits.

Twitter CEO Supports Bitcoin, Faster Payments

PYMNTS

Jack Dorsey, billionaire tech founder and current CEO of Twitter, said he only owns bitcoin and that he supports the Lightning Network , a bitcoin network update that could make bitcoin payments speedier and less expensive, according to reports. Dorsey tweeted on Tuesday (Feb.

Infrastructure and Incentive: Making Cashless a Reality

Chris Skinner

I often reflect on how quickly China is moving towards being cashless, as are parts of Africa and much of India. I then realised that it is a strong mix of simple infrastructure and strong incentive.

Could Online Intermediaries Control The Physical Point Of Sale?

PYMNTS

The year is 2039. The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. And the 60-year-olds will be telling the world that 60 is the new 30.

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Home Improvement Startup Houzz Suffers Data Breach

PYMNTS

Home improvement startup Houzz revealed that it suffered a data breach. The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.”.

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Exposing misconceptions in payments fraud

Mobile Payments Today

In Part II of a blog series, Steve Villegas addresses how payments fraud impacts cross-border ecommerce

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