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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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.

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.

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

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.”

Open Banking has arrived, whether you like it or not

Chris Skinner

Ten years ago, I was presenting the concept of Banking-as-a-Service, with the idea that I could find a wide range of plug-and-play software in a cloud-based marketplace, and build my own bank by bringing these pieces of code together into an easy-to-use banking service.

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.

More Trending

North Korean Hacking Group Lazarus Takes In $571M

PYMNTS

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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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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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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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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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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.

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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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.

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.

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.

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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This ICU Day, Let’s Aim for Engagement!

Credit Union Geek

I’m a huge fan of the credit union mission and all it contributes to our communities. You’d know that if you’ve read more than a few lines of any previous post. Of course, you’d also know that I’m not afraid to call out things when they could be improved. On that note, I have just […].

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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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Things worth reading: 19th October 2018

Chris Skinner

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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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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.

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.

Things worth reading: 16th October 2018

Chris Skinner

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.

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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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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Things worth reading: 15th October 2018

Chris Skinner

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

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

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?

Things worth reading: 18th October 2018

Chris Skinner

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.

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.

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.

Things worth reading: 17th October 2018

Chris Skinner

Things we’re reading today include … Why your fraudster could be getting better customer service at the bank than you are ECB Bank Watchdog Race Intensifies With Donnery Gaining Momentum City watchdog extends access to dispute resolution service for small firms after string of bank scandals Banking chiefs at HSBC … The post Things worth reading: 17th October 2018 appeared first on Chris Skinner's blog. Reading

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