Sat.Jun 13, 2020 - Fri.Jun 19, 2020

Cyber fraud surges as COVID-19 changes banking, e-commerce

Mobile Payments Today

As millions of Americans have shifted their daily workplace and shopping to remote online networks and mobile devices, a new wave of cyber threats have emerged focused on targeting banks, e-commerce and other daily financial activities

Fraud 294

Robinhood’s sad story, sorry

Chris Skinner

I was sitting and thinking that I’ve been a bit negative in my recent posts. I don’t like being negative as I’m an optimist. So I determined that today I must write a cheerful story … whoops! failed. Instead, I woke up to the news that a young man had … The post Robinhood’s sad story, sorry appeared first on Chris Skinner's blog. Case Studies Grid

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Did coronavirus permanently increase merchants’ transaction costs?

Payments Source

E-commerce sales boomed during the height of the coronavirus when consumers were stuck at home, and merchants had no choice but to accommodate the surge. But some retail industry observers are concerned about potential long-term costs from the pandemic. Digital payments Coronavirus Payment processing Merchant

Digital regulators are a new norm in financial services

Accenture

Digital financial services are clearly impacting banks. But they are also forcing central banks and regulators to rethink and restructure their approaches to becoming resilient, adopting new technologies, leveraging data and constructing an agile operating model, all while providing regulatory services. Hence, regulators need to step up to stay relevant in the digital economy. The post Digital regulators are a new norm in financial services appeared first on Accenture Banking Blog.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Networld Media employees honor late founder Alan Fryrear

Mobile Payments Today

Alan Earl Fryrear, co-founder and chairman of Networld Media Group, died at the age of 81 on June 10, 2020

Groups 170

More Trending

Visa On How To Make Plastic Cards Sustainable

PYMNTS

Improving the world — and the environment — one (card present) transaction at a time. To that end, Visa said Tuesday (June 16) that it has joined with CPI Card Group to launch a card for Visa cardholders composed of up to 98 percent “upcycled” plastic. The Earthwise High Content Card seeks to help eliminate plastic waste. Drilling down into the compositional details, the upcycled, post-industrial plastic is known as rPETG.

Cards 217

New PPP 3508 Forgiveness Applications Include ‘EZ’ Form; No Blanket Forgiveness

Abrigo

Key Takeaways New PPP loan forgiveness applications are out from the SBA, including an EZ Form 3508 aimed at streamlining the process. Neither of the new forgiveness application forms nor revised guidance mentioned any kind of “blanket forgiveness” for PPP loans under a certain dollar amount. Lenders and borrowers also received updated guidance on compensation amounts eligible for forgiveness over the extended 24-week period.

Sustainable finance starts with data and technology

Accenture

At present, the lack of disclosure of environmental, social and governance (ESG) data by many corporations creates asymmetric information. Research from Accenture, Hermes and non-profit disclosure advocate CDP identified environmental risks with a combined potential impact of $699bn. Despite the immense value at stake, 40 percent of businesses fail to capture or report the financial…. The post Sustainable finance starts with data and technology appeared first on Accenture Banking Blog.

Is the whole system about to fail?

Chris Skinner

I’m a simple guy. I don’t trade or invest much. That may seem surprising for a FinTech guy, but most of what I’ve invested in seems to lose value. As a result, I collect rare comics instead as Batman, Spiderman and Ironman are forever. That being said, I do follow … The post Is the whole system about to fail? appeared first on Chris Skinner's blog. Crisis Future Grid

System 265

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!

Visa, Facebook Link Up For Payments On WhatsApp

PYMNTS

Visa is working with Facebook so that consumers can fully use the new payments feature on WhatsApp in Brazil, the global digital payments giant announced on Monday (June 15). “As As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Visa’s chief product officer, in a statement.

10 Resource Saving Tactics While Finalizing PPPFA Workflow

Banker to Banker

This week is the first week banks could potentially take Paycheck Protection Program Forgiveness applications. However, most banks are holding off as we do not have a final application, due out this week. WHEN you release your process merits some analysis, and in this article, we discuss 10 important considerations to decide on as you finalize your process. . When to Start Your Process.

Could OCC's payments charter face the same fate as its fintech charter?

Payments Source

The Office of the Comptroller of the Currency has endured a fairly choppy legal ride since unveiling its idea five years ago to establish a special charter for non-bank fintech companies to access a nationwide financial system for lending services without worrying about being licensed to do so in all 50 states. Fintech Compliance U.S. OCC Payment processing

The Finanser’s Week: 8th June 2020 – 14th June 2020

Chris Skinner

The main blog headlines are … Are banks too full of testosterone? There’s no logical reason for this, but I’ve decided the second week of June is women’s week. It’s a week to celebrate diversity, or the lack of diversity, in finance and technology. So, this week’s blogs are all … The post The Finanser’s Week: 8th June 2020 – 14th June 2020 appeared first on Chris Skinner's blog. Blog Index Grid Reading

Maine 230

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

TikTok’s ByteDance Bids For Singapore Banking Licence

PYMNTS

The owner of TikTok , the Chinese video sharing social network, is expanding into financial services with the family that owns OCBC Bank , the global financial services corporation headquartered in Singapore. ByteDance is negotiating with the Lee business family, as the technology group seeks to add banking to its portfolio, sources told the Financial Times (FT).

Video 217

Making Qualitative Adjustments and Stress Testing in Uncertain Economic Times

Abrigo

Key Takeaways The unpredictability of the economy has created questions around reporting losses. Without historical data to rely on, institutions can explain why it determined a forecast and provide support for that determination. A financial institution should reflect its belief in the degree of the severity of the economy expected in the next few years. The coronavirus pandemic has upended so many things and created uncertainty within the financial services industry.

The data on racial disparity in financial services

Payments Source

The murder of George Floyd shocked the national psyche to its core, spotlighting the persistent, systemic racism that exists in many American institutions, which continues to disenfranchise those who live within the Black community. Financial inclusion Payment processing Merchant Cash

When is it safe to stop staying in?

Chris Skinner

Sitting at home, as usual, and thinking about life, I realised that my blogs were becoming far more personal and revealing than usual. I don’t post a lot of them, as I think they are too personal and revealing, but it made me realise that this crisis and lockdown has … The post When is it safe to stop staying in? appeared first on Chris Skinner's blog. Crisis Grid

218
218

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.

PayID: Bid For Universal Payments — Or Crypto Legitimacy?

PYMNTS

Universality is, well, universally, desired in business — particularly when it comes to technology and especially when it comes to person-to-person (P2P) payments. At a high level, allowing disparate and far-flung customers to interact with ease and pay one another across different types of devices, wallets and currencies means that commerce gets a bit more fluid.

ATM 215

How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies

Abrigo

Key Takeaways The Paycheck Protection Program (PPP) has been a critical foothold for community financial institutions seeking to obtain and diversify business lending relationships. The key to making the PPP a profitable investment is to deepen these relationships into strong business relationships. Proactive outreach, reimagining the purpose of the branch, and evaluating business lending technology will be critical for PPP lenders and non-PPP lenders post-pandemic.

The digital revolution won't be enough to supplant payments' network effect

Payments Source

Digital technology and the coronavirus recovery will dramatically alter payments in the year ahead, but the scale and benefits of networks will survive, contends Intrepid Ventures' Eric Grover. JCB Ant Financial Digital payments Discover Financial Services American Express Mastercard Visa China UnionPay WeChat

2020: No Vision (I thought we were an autonomous collective)

Chris Skinner

Like many, I’ve watched 2020 unfold with a mixture of shock and horror. It began with Australian bushfires followed rapidly by the coronavirus pandemic and now the Black Lives Matter demonstrations. My real shock was that there could be so many global demonstrations during a major global lockdown. Do rules … The post 2020: No Vision (I thought we were an autonomous collective) appeared first on Chris Skinner's blog. Crime Crisis Future Grid

215
215

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

Open Payments Coalition Launches Universal Payment ID

PYMNTS

More than 40 different FinTechs, digital currency companies and nonprofits are teaming up to launch a universal payment ID in a bid to make transferring money akin to sending an email.

Modernizing your lending platform? Here’s what you need to know.

Accenture

Change is hard—and as a species, we’re hard-wired to resist it. But as recent world events have shown us, change is inevitable. Financial services players of all sizes and specialties are choosing to be proactive in the face of change, by transforming their digital capabilities. Lenders and lessors, in particular, are modernizing their lending and…. The post Modernizing your lending platform? Here’s what you need to know. appeared first on Accenture Banking Blog.

Old B2B payment rails go digital to spur global growth

Payments Source

By adding direct debit from bank accounts as a payment option, YayPay feels it is in a far better position to help the accounts receivable departments of U.S. businesses expand international growth. Digital payments B-to-B payments Payment processing

US 104

Things worth reading: 17th June 2020

Chris Skinner

Things we’re reading today include … Banks ‘could share branches’ in bid to rescue access to cash Visa hails ‘permanent’ shift in consumer spending habits Banks must treat debt-laden firms fairly to avoid replay of 2008, says FCA chair New trials planned for cash-stricken communities UK Finance boss resigns as … The post Things worth reading: 17th June 2020 appeared first on Chris Skinner's blog. Reading

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.