Sat.Mar 07, 2020 - Fri.Mar 13, 2020

Amazon To Deliver Coronavirus Test Kits In Seattle

PYMNTS

To assist in bringing at-home testing kits for COVID-19, the disease caused by the coronavirus , to homes of Seattle-area residents, Amazon Care is reportedly in discussions with local health groups, according to a CNBC report.

B2B Payments Speed Up

PYMNTS

“At the speed of business.” The phrase evokes capitalism with dynamic velocity, which is probably why it was the UPS ad tagline for years, and why Cisco later used another variation, “Innovate at the Speed of Business,” to articulate itself. So, what is the speed of business?

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Airbnb Sees 40 Percent Drop In Bookings; Delays IPO

PYMNTS

The toll of the coronavirus on businesses has hit everything from tourism to large gatherings like concerts and conventions. With those goes the value of Airbnb , which saw its bookings fall by 40 percent, according to published reports Thursday (March 12).

WeWork To Sell Iconic NYC Building To Amazon

PYMNTS

Amazon ’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork , according to the New York Post.

Coronavirus scams to watch out for

American Banker

Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins. Fraud detection Card fraud Phishing Cyber security Cyber attacks Malware Coronavirus

COVID-19 is a catalyst for business innovation

Daily Fintech

A Teleport channel. Psychological Safety and Emotional Intelligence are hot topics these days in the corporate world that feels the pain of COVID-19 and has chosen to call it a `Black Swan`. This post today is inspired by Duena Blomstrom , CEO of PeopleNotTech and EmotionalBanking.

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French Court Says Bitcoin Is Money

PYMNTS

A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread.

Princess Cruises Discloses Possible Data Breach

PYMNTS

Princess Cruises disclosed a potential data breach in a notice posted on its website. The travel company said that from April 11 to July 23 of last year a third party attained “unauthorized access” to select staff email accounts that had personal information regarding its staff, customers and crew.

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Will Consumers Warm To Subscription Banking?

PYMNTS

The era of “challenger” banks has seen many grand promises in terms of innovating on the old banking model to provide consumers with something more modern, responsive and customized. But when it comes to actually measuring results against the hype, the fact is that reality often falls a bit short.

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Digital banks, payments startups face first major test in virus

Bank Innovation

Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc.,

When the world stops, did you want to get off? #coronavirus

Chris Skinner

Woke up with a sore throat, stuffed nose and cough. OMG, have I got the coronavirus???? After President Trump’s ban on Europeans last night, the coronavirus madness continues.

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Coronavirus outbreak raises questions about digital payments and cash

Mobile Payments Today

The coronavirus pandemic has raised a number of concerns about whether consumers would shift towards digital payments amid concerns about cash handling and interacting with large crowds in banks and retail centers

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What the rise of in-app payments means for banks

Accenture

The expectations of customers when it comes to payments have changed radically in recent years. Payments that are instant, invisible and free (IIF) have quickly become the norm, especially in certain segments of the market like airlines, fashion retail, hotels and online travel agents.

Santander Purchases Majority Stake In Mercury TFS With €30M Investment

PYMNTS

As part of its digital plans to speed up growth by purchasing shares in companies, Banco Santander is buying a majority stake in Mercury TFS.

Reports of my (banks) death have been greatly exaggerated

Chris Skinner

I’m getting really fed up of the number of research papers, videos, blogs, headlines and more screaming: “banks will die”.

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The role of ATMs and cash access in the digital banking era

Mobile Payments Today

Amid rapid changes in the cash economy and the rise in digital payments, the ATM is likewise facing challenges that have led to an evolution that will meet the demands of a new generation of customers

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Canadian VC Portag3 taps new partner to ‘plant flag in Silicon Valley’

Bank Innovation

Canadian venture capital firm Portag3 Ventures has appointed Chris O’Neill as partner in an effort to shore up its presence in Silicon Valley.

Apple Resumes Operation Of All China Retail Locations

PYMNTS

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. has reportedly put all of them back into operation. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported.

Mark Carney: Central Banker and Climate Activist

Chris Skinner

On Sunday, Mark Carney leaves the Bank of England after almost seven years at the helm. There’s an interesting review of Mark Carney’s tenure as Governor of the Bank of England on Bloomberg.

Banks farm out offsite ATM maintenance, cash replenishment

Mobile Payments Today

Banks are increasingly outsourcing more sophisticated and remote ATM maintenance to outside firms

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Weekly Wrap: Robo-advisors react to the stock market plummet, and Amazon makes a move

Bank Innovation

Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, March 13, 2020.

Alipay Launches Strategy For Massive Digital Evolution In China

PYMNTS

Ant Financial , a division of China’s eCommerce giant Alibaba, has launched a three-year strategy to make its Alipay mobile app platform available to 40 million service providers so they can digitize their offerings, Alipay said in a press release on Tuesday (March 10).

50 years of ranking 1000 banks

Chris Skinner

Some of you may know that I write a monthly column for The Banker magazine, and have been doing this for almost twenty years! But The Banker goes back way longer than my column. In fact, it began in January 1926 when the first issue was published and is now almost a century old.

5 Inefficiencies Community FIs Must Resolve to Prepare for Economic Uncertainty

Abrigo

Key Takeaways In today's uncertain economic climate, community financial institutions must resolve to manage risk and drive growth.

WSFS taps blockchain firm Intain to automate capital markets transactions

Bank Innovation

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. The Wilmington, Del.-based

Grubhub Launches Relief Fund To Aid Restaurants, Drivers

PYMNTS

Grubhub, along with the leaders of major cities, has launched a relief effort for independent restaurants that are adversely affected by the coronavirus , according to a release from the company.

The Finanser’s Week: 2nd March 2020 – 8th March 2020

Chris Skinner

The main blog headlines are … What does ‘digital transformation’ really mean? Buzzwords. We have a lot of them. Artificial, autonomous, augmented. Big data, blockchain, bilateral. Crypto, currency, consensus. Distributed, decentralised, democratised.

The COVID-19 Bank Playbook

Banker to Banker

When we talk about unforeseen Black Swan events, the COVID-19 virus fits the profile.

Picking the right digital channel partner to help drive innovation

Bank Innovation

The millions of customers using direct-to-consumer fintech solutions have come to expect robust online and mobile experiences that help them understand, track, save, and invest in their financial goals.

SoftBank Shareholders Push For Grab, Gojek Deal In Indonesia

PYMNTS

Investors are asking SoftBank to help align Southeast Asia’s ride-hailing unicorns Grab and Gojek, The Financial Times reported, citing sources.

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