PYMNTS

JANUARY 7, 2020

Innovation is no longer optional – it’s table stakes to stay in the game. The good news: There is no shortage of innovative ideas and options for today’s FIs to offer to their customers: digital wallets, P2P payments, card controls, fraud and security protection, and loyalty and rewards perks among them.

Innovation 139

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Bank Innovation

MAY 15, 2019

It is this revolution that has led us to present Bank Innovation Build, our newest conference, on Nov. There is a revolution going on inside banking. And that’s not just a cheap cliche. Allow me to explain: A few days ago, Dana Maor, a senior partner at McKinsey, wrote that the consultancy believes “that […].

Innovation 170

Innovation Conference US social media 170

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. We will introduce data innovation that embeds risk and control elements expected from SWIFT, creating peace of mind for business-critical operations.

Innovation 348

Innovation Payments Compliance Data 348

PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position.

Security 112

Security Kansas City Payments Boston 112

PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. The Security Threats Facing ITMs And How FIs Can Protect Them. billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

Innovation 78

Innovation Customer Experience Strategy Operations 78

PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research from Mercator Advisory Group predicts B2B payments will become the largest payment segment in the U.S. Finance reported last week.

Innovation 130

Innovation Payments blockchain National 130

PYMNTS

AUGUST 31, 2017

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. This month the Federal Reserve named Dave Sapenaro , its current first vice president and chief operating officer at the Federal Reserve Bank of St.

Innovation 162

Innovation How To Payments St. Louis 162

PYMNTS

MAY 21, 2018

A group of progressive advocacy groups, including MoveOn and Demand Progress, is calling on the Federal Trade Commission (FTC) to break up Facebook in the wake of the Cambridge Analytica data scandal. But Facebook and Mark Zuckerberg have amassed a scary amount of power,” wrote the groups on the Freedom From Facebook website.

Groups 100

Groups social media US Data 100

PYMNTS

JUNE 10, 2020

Members of this age group are moving into the workforce in growing numbers, making them a progressively influential demographic for FIs. This has increased the need for FIs to develop convenient mobile onboarding experiences, but those that lack confidence in their ability to secure such channels appear to be reluctant to offer them.

Mobile 130

Mobile Security Examples Study 130

PYMNTS

JULY 2, 2018

According to reports, the group is taking a cautious approach to the technology. But the group also acknowledges that blockchain technology is not yet sufficiently developed to actualize its effect in the corporate finance space. Security and transparency offered by blockchain technology may play a role in compliance, the Lab noted.

blockchain 102

blockchain Groups Report Survey 102

PYMNTS

JANUARY 2, 2020

DoorDash, as it stands, is backed by investing giants such as Sequoia Capital and SoftBank Group. Rowe Price Group. The amount that Uber Co-Founder Travis Kalanick’s CloudKitchens secured in funding from Saudi Arabia’s sovereign wealth fund was $400 million. The new capital was reportedly courtesy of the T.

Mobile 146

Mobile Innovation Minnesota Capital 146

PYMNTS

SEPTEMBER 29, 2017

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. PingPong is yet another innovative FinTech player that chose Luxembourg as its EU hub. PingPong has shown it can operate in the sound regulatory environment in the EU. Japan and now Luxembourg.

Security 129

Security Payments Fintech United States 129

PYMNTS

AUGUST 13, 2019

last year, according to the National Retail Federation , a trade group. Even so, the trade group said that “with fewer families surveyed saying they have children in grades K-12, spending is expected to total $26.2 Retail back-to-school spending for families will hit an average of $696.70 this year, up from $684.79

Retail 127

Retail Innovation Course Trends 127

PYMNTS

DECEMBER 20, 2016

Which Mike Keegan, CEO of Transaction Network Services , said can only spell trouble for consumer adoption unless consumers are convinced that interacting with them digitally is totally secure. Instead, Keegan said operators can ensure more secure connections by establishing a direct link between the machines and the payment environment.

Security 100

Security Retail Payments Data 100

PYMNTS

JANUARY 2, 2020

DoorDash, as it stands, is backed by investing giants such as Sequoia Capital and SoftBank Group. Rowe Price Group. The amount that Uber Co-Founder Travis Kalanick’s CloudKitchens secured in funding from Saudi Arabia’s sovereign wealth fund was $400 million. The new capital was reportedly courtesy of the T.

Mobile 131

Mobile Innovation Minnesota Capital 131

PYMNTS

FEBRUARY 26, 2020

The Sightline platform integrates with the i2c agile processing vehicle and APIs to deliver Play+, a cashless solution that gives gaming operators the ability to move money in real-time between tables, slots, and kiosks. Going cashless also aids cost-cutting by way of more efficient operations. This group was anticipated to spend $152.1

Oregon 232

Oregon Pennsylvania Innovation Operations 232

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. In recommendations issued earlier in the month by the U.K.’s Beyond The Companies .

Regulation 352

Regulation social media Course Apple 352

PYMNTS

JULY 30, 2019

The former president of the global services group at American Express will join Visa as its chief risk officer on September 3, according to a press release. He will also be the main contact person for the regulatory agencies tasked with oversight of Visa in the more than 200 countries in which it operates.

Strategy 174

Strategy Operations System Security 174

PYMNTS

OCTOBER 11, 2020

The announcement further states: “As part of the acquisition, Paynetics will provide its new customers with a fast, secure and seamless transition, together with a strategic product roadmap for the future development of these programs, which until now faced the prospect of termination.”. Terms were not disclosed in the announcement.

Operations 264

Operations Cards Software Payments 264

PYMNTS

NOVEMBER 13, 2018

A group of payment players announced Tuesday (Nov. Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability. In a press release, the group said the mission, structure and focus of the U.S.

Payments 192

Payments Survey Innovation Guidelines 192

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Civilization has progressed enough that many of us know it’s wrong to demonize a group of people due to a personal characteristic, as it isn’t based on evidence or reason, and it simply shows base prejudice. Innovating The ATM Beyond Cash.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

NOVEMBER 8, 2017

Dozens of countries already have real-time payments programs in operation, with several more under development, as identified by financial services technology provider FIS in its latest Flavors of Fast report. This scheme supports near real-time transactions and, like Denmark’s, operates 24/7.

Innovation 101

Innovation Payments System Operations 101

PYMNTS

JUNE 21, 2016

The effort provides innovative early-stage startups with access to an immersive six-month program where they receive guidance and support from MasterCard on scaling their operations and entering new markets and industries. “It’s not a random set of companies.

Innovation 103

Innovation Groups Operations blockchain 103

PYMNTS

MAY 24, 2019

It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. Currently, Express Logic operating systems are installed in 6.2 As the use of IoT devices grows, security concerns are continuing to plague the industry.

California 188

California San Francisco Charlotte Security 188

PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Faster Payments Council Announces Board Advisory Group. Businesses Ready To Jump Into RTP. This week, the U.S.

Groups 252

Groups Payments Survey Data 252

PYMNTS

JANUARY 17, 2020

Subscription’s promises of recurring revenue streams for companies and convenience for customers offer powerful benefits, but an unwelcome group is also subscribing to such services: fraudsters. Preventing fraud with seamless and secure onboarding solutions is key.

Security 130

Security Fraud blockchain Cards 130

PYMNTS

NOVEMBER 4, 2016

The seed of FinTech innovation often comes from a desire to do things differently. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them. ”

Management 100

Management Innovation blockchain Capital 100

Bank Innovation

JUNE 23, 2016

The Finovate Group, the fintech event and information venture, has been sold to Informa Plc. Jim Bruene, owner of The Finovate Group, has not responded to Bank Innovation‘s requests for comment Read More. The sale apparently closed last April, but has not been publicly disclosed. Terms of the deal are not known.

Groups 225

Groups Innovation Fintech social media 225

PYMNTS

FEBRUARY 21, 2020

It is critical for platforms that serve niche groups to be able to engineer trust, according to Francois de Landes, co-founder and chief operating officer for LGBTQ-focused global travel marketplace misterb&b. The other key factor is security. The Security Factor . Euros, U.S.

Security 225

Security Fraud Examples Payments 225

PYMNTS

JANUARY 18, 2022

The purchase of Munich-based Bankhaus von der Haydt, established in 1754, is a vital step in its goal of creating “a regulated crypto products powerhouse in the heart of Europe,” said BitMEX Group CEO Alexander Höptner in a blog post. Regulated” is a word Höptner returned to repeatedly in the announcement.

Regulation 169

Regulation cryptocurrency Groups Innovation 169

Perficient

JULY 11, 2022

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. This illusion of feeling more financially secure than one is that often comes with using BNPL services is where they garner a lot of criticism, however.

Fintech 474

Fintech Trends South Dakota Apple 474

Bank Innovation

JANUARY 8, 2020

gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Gas station operators who fail to […]. Visa and Mastercard have given U.S.

Cards 259

Cards Meeting Groups Retail 259

PYMNTS

SEPTEMBER 9, 2020

The pandemic has dramatically accelerated the shift to digital all across the world, and this means that online trust and security is now more important than ever," he said, according to the release. Trulioo CEO Steve Munford said the idea is to help along the expansion of banking access.

Mobile 206

Mobile Survey Fraud Security 206

PYMNTS

SEPTEMBER 29, 2020

We built our platform to simplify the payments process for owners and operators in all industries and verticals," said Daniel Muller , CEO and founder of AeroPay, in a press release. We have a guiding conviction that payments remain an underinvested and under-innovated category in C2B and B2B commerce," said Paul M.

Colorado 158

Colorado Chicago Fintech Innovation 158

Bank Innovation

MARCH 13, 2019

The customer experience in banking will change drastically over the next 10 years said panelists at the Bank Innovation Ignite 2019 in Seattle on Tuesday. I think […].

Customer Experience 150

Customer Experience Seattle Innovation Groups 150