Sat.Dec 21, 2019 - Fri.Dec 27, 2019

The Finanser’s Week: 16th December – 22nd December 2019

Chris Skinner

The main blog headlines are … Have Yourself a Merry FinTech Christmas So it’s the holiday season and time for some time off. I’m back on January 6th 2020.

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Bank of the West to launch account for eco-friendly customers

Bank Innovation

Bank of the West is currying favor among customers who care about environmental sustainability. The bank, which is a U.S. subsidiary of BNP Paribas, is launching a new checking account in early 2020 called 1% for the Planet that will show customers the carbon footprint of their purchases.

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Lessons from the 2019 holiday shopping season

Mobile Payments Today

The 2019 holiday shopping season proved to be a record setting season for e-commerce, and demonstrated the changing patterns in global commerce that will impact retail and payments for the future

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Central Bank Of Bahamas To Introduce Digital Currency


The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. 27) in Exuma. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release.

Big news: This year's most-read blog posts

ATM Marketplace

Now that the year is winding to a close, we can look back and see what stories got the most attention. Contactless cards, ATM security, Win10 and bitcoin ATMs were among some of the more popular topics

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Marqeta to focus on growing product suite in 2020

Bank Innovation

If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.

Top 10 most read news stories of 2019 in mobile payments

Mobile Payments Today

The year 2019 proved to be a tumultuous year in the world of mobile payment. We take a look back at the ten most read mobile payments stories of the year

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More Trending

Australian banks want to one-up Square with tap-on-phone payments

Payments Source

Two of Australia’s biggest banks, National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA), are competing to be the first to commercially launch tap-on-phone contactless payments in the country. Acquirers Contactless payments Mobile point-of-sale Small business National Australia Bank

As ‘super apps’ gain ground, banks navigate user experience hurdles

Bank Innovation

With the rise of Alipay and WeChat in Asia, and the growth of e-commerce and banking capabilities within platforms like Uber and Grab, banks and bank-type platforms are following suit by adding new functions.

A Decade of Fintech

Breaking Banks

Brett King hosts our end of the year / Christmas special with Theodora Lau, Penny Crosman, Jim Marous, Ron Shevlin, and David Birch, discussing how fintech has evolved over the past decade! Disruptors FinTech Innovation

Visa Partners With TD To Power US, Canada Money Transfers 


Visa is teaming up with TD Bank to introduce a new solution to ease money transfers between Canadian and U.S. accounts, Visa announced Monday (Dec. 23). .

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How Open Banking payments may undercut mainstream options for small shops

Payments Source

With the cost of processing business transactions remaining stubbornly high, a number of U.K. fintechs are working to facilitate Open Banking payments, a method which could soon enable consumers and businesses to make faster payments at a lower cost. Real-time payments U.K.

Big tech Is coming for banking: Experts predict fintech’s 2020

Bank Innovation

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc.

The future of cash, ATMs — your 2020 spoiler alert

ATM Marketplace

According to some economists, we've been experiencing an extended period of slow growth since the 1970s. What does this mean for the future of cash and ATMs? ATM historian Bernardo Batiz-Lazo explores the topic in his latest blog post

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JPMC Co-CEO Sees Big Tech As ‘Real Competitors’ In 2020


Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 percent or 1.8 percent in the United States. That, he said, signaled an economy that is strong on consumer spending.

FTC sues FleetCor and its CEO, alleging deceptive fee practices

Payments Source

The Federal Trade Commission has filed a lawsuit against FleetCor Technologies and its CEO Ronald Clarke, alleging they used deceptive practices that defrauded its business customers of hundreds of millions of dollars in fees and false claims about fuel savings. Compliance Fleet cards Fleetcor FTC

‘If we can’t automate it, we don’t build it’: Wealthfront’s Andy Rachleff on ‘self-driving money’

Bank Innovation

In 2019, a chorus of digital investment platforms branched out into checking and savings accounts. Throughout the year, Wealthfront continued on its trajectory of becoming a central hub for all of its customers’ financial needs.

Five Crypto Predictions for 2020

Daily Fintech

Twas the night before Christmas, and all through the house.

When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase


Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions.

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Morning Brief 12.26.19: Twitter Android flaw put phone numbers at risk

Payments Source

NFC implants; an extended ACH window; and other information you need to start your day, from PaymentsSource and around the web


Through travel and e-commerce perks, N26 is pitching itself as a lifestyle brand

Bank Innovation

N26 is building out its perks ecosystem, adding partnerships with new brands at a rapid clip. This month, the company partnered with scooter rental company Lime and online travel platform to offer added rewards to customers who transact using their N26 debit cards. “We’re

IBM Business Automation Content Analyzer

Perficient Financial Servies

IBM’s Business Automation Content Analyzer, which is available as SaaS in IBM’s cloud, can now be deployed on prem, or in your preferred cloud provider. Instructions to DIY can be found here. Or call Perficient, and we’ll help you plan and deploy it.


12 Ways Consumers Will Pay (And Be Paid) In 2020


Past is prologue. For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade.

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Morning Brief 12.24.19: Plenty of Fish data privacy questioned

Payments Source

Wearable payments in Brazil; Google improves facial biometrics; and other information you need to start your day, from PaymentsSource and around the web

Data Sharing Pilot Strengthens Marketplace for Unbanked

ABA Community Banking

There's a clear business case for offering Bank On-certified accounts as a way for financial institutions to both serve the unbanked and grow their banks. The post Data Sharing Pilot Strengthens Marketplace for Unbanked appeared first on ABA Banking Journal.

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Digital Transformation Increases Success, But There’s Still Work to Do

Perficient Financial Servies

My last blog outlines how banks are implementing digital transformation strategies. In the final blog of this series, I examine how digital transformation increases success but also highlights where work needs to be done.

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FBI Helps Businesses Outwit Fraudsters By Deploying Decoy Data


The Federal Bureau of Investigation is working firsthand with companies to outsmart cybercriminals by deploying decoy data, Ars Technica reported on Friday (Dec.

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B2B startup wants to stamp out agriculture payment pain

Payments Source

Rather than jump headlong into a crowded P2P market, the team at startup ATCE Holdings instead saw a need to address the high costs of B2B payments — and singled out the agricultural industry as a good place to start. Fintech B-to-B payments APIs

Are talent woes putting treasury management’s future at risk?


Select treasury executives reveal struggles to attract and retain younger workers One of the unexpected outcomes of our recent interviews with treasury management leaders was the unanimous concern (expressed in an unsolicited manner) about staffing.

Christmas Special

Vitalik Buterin

Big Banks Surge Amid Strong Holiday Spending


Some of the largest U.S. banks, like JPMorgan Chase , Bank of America (BoA) and Citigroup , gained as consumers spent during a robust holiday season, according to a report by Bloomberg. BoA gained 1 percent to its highest point since October 2008, and Cit saw a gain of 1.5

Why PNC’s friction with Venmo is not likely to go away soon

Payments Source

PNC Bank has made it more difficult for its customers to use Venmo, and although competition plays a role, the bigger issue is the expanding risks financial institutions face when sharing data with third parties. PNC Venmo P-to-P payments Payment processing Early Warning Zelle

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Response from community groups to OCC/FDIC joint CRA proposal

CFPB Monitor


Fighting financial exclusion with blockchain payments


According to The World Bank, 1.7 billion people globally don’t have access to the most basic financial services. Without access to savings and credit, economic mobility is next to impossible - leaving the unbanked trapped in a cycle of poverty. This is a huge issue not only for developing

Tech Gains Boost Nasdaq To Record High


In an historic day, fueled by gains in tech shares, the Nasdaq Composite Index moved past 9,000 for the first time, Bloomberg reported. The new Nasdaq record is attributed to key performers, including Amazon , as the online commerce juggernaut reported their 2019 holiday sales broke previous records.

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How U.K. payment firms are bracing for Strong Customer Authentication

Payments Source

As 2020 dawns, a new decade will soon bring new levels of friction for contactless customers as a result of Strong Customer Authentication (SCA), a key part of the European Union’s drive to reduce card fraud across Europe. European Union Compliance Fraud Fraud prevention Stripe Payment processing

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Why this bank is ditching Libor now

American Banker

Lenders have until the end of 2021 to phase out their use of the London Interbank Offered Rate in setting interest rates, but ServisFirst Bancshares and its CEO Tom Broughton see little reason to wait when a replacement is already available. LIBOR SOFR Commercial lending