Sat.Oct 13, 2018 - Fri.Oct 19, 2018

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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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.

The Evolution of Lending Through Fintech

Bank Innovation

The lending market is going through some major, rapid changes, and it’s more exciting than ever for consumers looking for attractive deals on their loans.

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 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.”

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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Consumers Would Be Comfortable Using Google or Apple For Taking Out Loans, Survey Finds

Bank Innovation

Banks need not fear large technology companies like Google or Apple taking their business.

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More Trending

North Korean Hacking Group Lazarus Takes In $571M

PYMNTS

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Leveraging digital wallets to tap into revenue opportunities

Mobile Payments Today

A recent study conducted by ath Power Consulting revealed that banks and credit unions are the most favored providers of digital payment services. How can financial institutions capitalize on it

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T-Mobile, with 76 Million Customers, Taps BankMobile for Banking Services

Bank Innovation

BankMobile, the mobile-first bank launched and (still) owned by Customers Bank, appears to have scored T-Mobile as client. BankMobile indicated in a Securities and Exchange Commission filing that it will provide banking products to T-Mobile's 76 million customers in the U.S.

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It’s all about the data

Chris Skinner

Just continuing on the theme of how different industries can learn from each other, I used to work for NCR. NCR had several major industries they served: retailers, airlines, telcos and banks.

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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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Transforming payments and creating new value chains with open banking

Insights on Business

Open banking at its core is about empowering the end customers as the owners of their data and enabling organizations to work together — through APIs — creating new value chains to produce better products and services. It is that simple.

Keeping it personal in a digital banking world

Mobile Payments Today

Digital channels are being widely accepted by today's consumers, but with this adoption comes the increase in impersonal transactions through online and mobile banking, drastically impacting the traditional model of building relationships

Customer intelligent marketing is not a scary thing

Chris Skinner

I grew up as a marketing guy. My first career roles were in marketing. I was trained by Kotler and Drucker, and still hold true to first principles of marketing: the 4 P’s or, if you’re not a marketing person, product, price, place and promotion.

From The Phone To Email: How Scammers Hit SMBs

PYMNTS

When Maryland Attorney General (AG) Brian E. Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the fact that, despite business owners’ rising focus on cyberattacks, some scammers continue to use legacy tactics to target their victims.

PayPal Active Acounts Could Further Soar With Walmart Partnership

Bank Innovation

PayPal has added 9.1 million new active accounts surpassing 254 million net active users in 3Q18. And that number will likely grow significantly thanks to its Walmart partnership, through which PayPal will target a large portion of the underbanked audience.

Podcast Episode 13: The Power of Loyalty Programs & Mobile Payments

Mobile Payments Today

Host Will Hernandez, discusses the power of loyalty programs and how they relate to mobile payments, with Zachary Goldstein, CEO of Thanx. He also discusses restaurants in the mobile space, with Shelly Whitehead, from Pizza Marketplace and QSRweb

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Banks can learn from airlines

Chris Skinner

The CEO of Australian bank Westpac says that we could all learn something from the airline industry. I agree, so here’s a learning story from United Airlines. Last week, I was having a moan on twitter about them.

Nationwide Study: SMB Owners Lax About IoT Security Risk

PYMNTS

For smaller firms, the IoT has its lures and its dangers.

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Don’t miss these IBM sessions at Money20/20

Insights on Business

As we head into Money20/20 next week, I want to make sure you are aware of the best ways to engage with IBM at the conference.

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Fed Study: Noncash Payments Fraud Outpacing Growth Overall

Bank Innovation

Noncash payments fraud in the U.S. outpaced growth in noncash payments overall between 2012 and 2015, according to a Federal Reserve Payments Study released this week. The study’s survey of depository institutions found noncash payments fraud increased 37%, from $6.1 billion in 2012 to $8.3

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Things worth reading: 19th October 2018

Chris Skinner

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Tapping Into The Digital Economy With Restaurant Innovations

PYMNTS

In a bid to serve customers through digital channels, quick-service restaurants (QSRs) are rolling out new innovations. These technologies bring more options for consumers to order and pay for their meals, such as kiosks and mobile ordering.

Know Your Country: Keeping pace with the sanctions tsunami

Insights on Business

During the last few months, the current U.S. administration has repeatedly utilized economic sanctions to further its foreign policy objectives.

HSBC Bank USA to Launch Roboadvisor

Bank Innovation

HSBC Bank USA will join the likes of Betterment, and Acorns by stepping into roboadvisor territory. For the task, HSBC has tapped Providence, R.I.-based

Things worth reading: 16th October 2018

Chris Skinner

Fraudsters Prize Payment Via iTunes, Walmart Gift Cards

PYMNTS

A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards.

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Carrier billing in 2018: Middle East & North Africa

Mobile Payments Today

This market report gives an overview of the mobile payments landscape of the Middle East and North Africa. It covers 10 markets where Fortumo has coverage. These markets are (by population): Egypt, Turkey, Algeria, Iraq, Morocco, Saudi Arabia, Tunisia, United Arab Emirates, Kuwait and Bahrain

Virtual Banking Assistants Still Mostly Limited to Simple Transactions

Bank Innovation

Virtual banking assistants seem to be all the craze lately. Just ask Bank of America, whose Erica crossed 3.5 million users, or Capital One’s Eno which claims to have one of the highest user ratings and can even communicate with consumers through text outside the banking app.

Things worth reading: 15th October 2018

Chris Skinner

Menswear Brands Get An Online Spotlight With Deal-Of-The-Day Platforms

PYMNTS

Small menswear brands, even some that are considered to be medium or large, might face a challenge when it comes to marketing: How do they get in front of consumers?

21 Lessons From Jeff Bezos’ Annual Letters To Shareholders

CB Insights

Today, Amazon is a hugely successful, precedent-breaking company. The online bookseller didn’t turn a profit for six years — today, it’s the second publicly traded company ever to hit a $1T market cap. GET THE 64-PAGE AMAZON strategy REPORT.

Venmo Hikes Instant Transfer Fee to Cash in on Realtime

Bank Innovation

Remember when P2P app Venmo added an instant transfer, but then said it would charge a $0.25 flat fee for it? Well, now Venmo users will be charged a 1% fee, which could mean more than its flat fee in a lot of cases. It will in fact always be as much or more, since […].

Crowdfunding, investing, & listing – DESICO for STOs

Daily Fintech

Interesting times! I am not referring to politics but financial markets both the traditional stakeholders and the disruptors. From Roubini lashing out on the crypto ecosystem, to Morgan Stanley gearing up to trade crypto derivatives, and Circle buying crowdfunding and broker-dealer Seedinvest.

Supply Chain Management Fuels IoT Investment Boom

PYMNTS

A new study is predicting that Internet of Things (IoT) technologies will see a major boost in investment over the next five years, mostly due to projects in inventory and supply chain management.

Blockchain, Inc: A Look At The Ownerless Company Of Tomorrow

CB Insights

It’s no secret that everyone from small startups to m ajor corporations is jumping on the blockchain trend.