Sat.Jun 08, 2019 - Fri.Jun 14, 2019

The logic of digital change

Chris Skinner

I just went through a conversation about my presentation for a forthcoming conference. They didn’t want to provide a prescriptive approach, and just asked what I talked about in general. That’s a challenge, as I once turned up at a conference and they said to me “you have seven hours”.

New EMV checkout standards look to create secure, frictionless environment

Mobile Payments Today

The new EMV Secure Remote Commerce specifications may provide a solution to a longstanding problem with ecommerce checkout creating friction for consumers and being vulnerable to fraud

Fintech CEOs bullish on blockchain tech, give thumbs down on applications

Bank Innovation

Fintech executives sounded off on blockchain at CB Insights’ Future of Fintech conference this week. According to Henrique Dubugras, CEO and co-founder of Brex, blockchain is overhyped but cryptocurrencies are underrated.

Cybersecurity Turns To Crowdsourcing Amid Hiring Woes

PYMNTS

Cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others.

Challenger banks don’t matter as they’re not a primary account

Chris Skinner

During Money 2020 Europe, I bumped into a chap from Monzo. No names mentioned, but he was buzzing and no wonder. The start-up has just boomed through two million users and is growing at over 60,000 account openings a week or 10,000 per day.

Will tech giants like Facebook, Google take over blockchain?

Mobile Payments Today

Giants in retail, banking and the Web are rapidly adopting blockchain technologies. But, will these companies such as Google and Facebook truly dominate blockchain

Google 239

How KeyPoint uses location-based alerts to target inactive app users

Bank Innovation

Silicon Valley-based KeyPoint Credit Union is seeing a lift in user numbers resulting from targeted push notifications. The push notifications target members who haven’t used the app in three weeks, alerting them to the app’s features.

More Trending

Alipay partners with six mobile wallets for Europeans

Chris Skinner

I recently started to worry that people might think I have some sort of arrangement with Ant Financial to publicly endorse them, as I’m such a fan-boy.

Mobile 313

Modern companies need to look beyond the ERP

Mobile Payments Today

As companies use technology to manage their accounts receivables and payables, they need to take a hard look at several factors regarding the solutions they choose to employ

Digital-only First Internet Bank retains 90% of its original customers

Bank Innovation

As upstart digital-only banks face increasing pressure to acquire and retain customers, a 20-year-old online-only bank has managed to hold on to most of its original customer base.

Thai Bank Walks Back On Ripple XRP Plans

PYMNTS

Thailand’s Siam Commercial Bank won’t be using Ripple’s XRP technology despite earlier announcements of such plans.

We are the robots

Chris Skinner

I’m a technology lover. Always have been, always will be. To me, technology is like magic. Any sufficiently advanced technology is indistinguishable from magic.” Arthur C. Clarke Too damn right Arthur. I love technology. But then I got to thinking about what technology is doing to us.

Mobile Money Platforms: More than just payments

Mobile Payments Today

Companies around the world work with partners to build, launch, and manage complete platforms, customizing systems to meet evolving market demands. executing on revenue goals — to build their businesses. But it’s more than just a business.

Mobile 186

Ellevest’s Krawcheck believes market is big enough for many winners

Bank Innovation

Sally Krawcheck, co-founder and CEO of digital investment advisory company Ellevest, has built an investment product geared at a market she said many digital wealth platforms aren’t effectively reaching: women.

How A Retail Incubator Could Produce The Next Big Innovation

PYMNTS

The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross purposes) to enable innovation. Science and invention are collective pursuits.

A bank CEO should be better

Chris Skinner

I annoy a lot of people. I don’t mean to. But anyone with a description of ‘troublemaker’ is going to annoy someone. What’s interesting is the different reactions I get from start-ups, technology firms, banks and internet giants.

Deadline looming for Bank Customer Experience awards competition

Mobile Payments Today

Only one day remains to submit award entries for the annual BCX Summit for banks and fintechs in several important categories

Betterment moves into HSAs through United Healthcare partnership

Bank Innovation

Robo-adviser Betterment is growing its enterprise business with a new product for health insurers and their customers.

The Great Marketplace, Branded Storefront Debate

PYMNTS

In the world of physical retail, finding a product to buy is rather straightforward: People go to stores, find something that suits their needs, pay for it and take it home.

The Finanser’s Week: 3rd June – 9th June 2019

Chris Skinner

The main blog headlines are … M&A … Murder & Assassination I was having a breakfast meeting with a banking friend who had recently been through a tortuous experience. His start-up had been acquired by a major traditional bank, and it ended with blood on the floor.

Maine 224

Intelligent Devices: A Guide to IoT Applications for Retail Device Manufacturers

Mobile Payments Today

Retailers are increasingly incorporating Internet-of-Things devices into store operations, but delivering on the value proposition requires dependable connectivity

Amazon launches secured card for underbanked customers

Bank Innovation

Amazon has added a secured credit card to its suite of financial services offerings today, the latest effort to entice underbanked and low-income customers to shop with the e-tailing giant.

Cards 164

UK Approves PayPal’s iZettle Acquisition

PYMNTS

With the United Kingdom Competition and Markets Authority’s (CMA) decision to provide final and unconditional approval of PayPal’s completed acquisition of iZettle, the digital payments company will start to integrate the teams and products of iZettle in the U.K. and around the world.

Tools 266

Things worth reading: 12th June 2019

Chris Skinner

Deadline extended for Bank Customer Experience awards competition

Mobile Payments Today

The deadline has been extended to submit award entries for the annual BCX Summit for banks and fintechs in several important categories

Square’s Cash app downloads exceed Venmo’s in May

Bank Innovation

The peer-to-peer payments race is now more than a duel between bank-backed Zelle and Paypal-owned Venmo. According to a report released Thursday from Nomura Instinet analyst Dan Dolev, Cash app downloads grew by 2.2 million in May, up from 2 million in April. Meanwhile, Nomura reported that new downloads of Venmo were up 1.7 million […]. Daily Post 3 Exclusive Payments Pay With Venmo Square Square Cash App Venmo Zelle

Report 159

Amazon Launches Card For Prime Users With Bad Credit

PYMNTS

Amazon is linking with Synchrony Financial to offer a new credit card for Amazon Prime members who have bad credit.

Cards 266

Things worth reading: 14th June 2019

Chris Skinner

The Price For Attention in Bank Marketing

Banker to Banker

BANK MARKETING If you are still spending money on print and direct mail, we ask you why? Not only is it hard to track, but it is likely the least effective form of marketing that you can do. While building a brand is good, generating an emotional connection is better.

How Australian point-of-sale lender Afterpay is pitching retailers

Bank Innovation

Australian point-of-sale lending company Afterpay is quickly expanding its reach among U.S. retailers. It's promoting its products as a means to grow its customer base and increase purchase volume. As of May, Afterpay had 1.5 million U.S.

Retail 158

Mastercard Bets On Biometric Cards To Advance Inclusion

PYMNTS

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history.

Cards 259

Things worth reading: 10th June 2019

Chris Skinner

How To Become A Better Trusted Advisor In Banking

Banker to Banker

IMPROVING BANK PRODUCT SALES A surge in alternative lenders and intense competition among banks has forced community bank lenders to further differentiate themselves and their institution. Many lenders are switching their professional focus from being a salesperson to being a trusted advisor.

How To 213

Affirm, Lending Tree CEOs tout gains among young borrowers

Bank Innovation

Lending platforms are evolving to the needs of younger customers’ financial habits, a pair of fintech executives told an audience at CB Insights’ Future of Fintech conference in New York Wednesday.

The Case For Federal IoT Regulations

PYMNTS

Smart technology is unlocking supply chain efficiencies, providing emergency alerts and much more. But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues.

Things worth reading: 13th June 2019

Chris Skinner

Consumer Differences Shape Alternative Payments and Cashless Systems Adoption I Wearables I Contactless I Cashless I mobile payments I Trends I Survey

Mobile Payments Today

A new global study by TNS explorers consumers attitudes toward making payments on wearables, mobile apps and cashless systems as well as the role of cash in the payments mix. Download this report now to discover differences in opinion across geographic locations, age groups and gender

Survey 148