How mobile payments are changing the restaurant industry

Mobile Payments Today

Mobile payment acceptance is leading to rapid change in the restaurant industry, impacting everything from credit card use to delivery and online ordering as well as customer loyalty

Bank Of England Mulls Blockchain Amid ‘Fourth Industrial Revolution’

PYMNTS

The digital revolution comes to the land where the industrial revolution was born? B2B Payments B2B Bank of England banking Banking Circle Blockchain cross-border payments digital industrial revolution Ixaris News Ripple SABB Virtual IBAN

Walmart Canada Eyes Cannabis Industry

PYMNTS

” Earlier this year, Constellation Brands , which owns Robert Mondavi, Corona and Svedka, took a stake in Canada’s Canopy Growth — an up-and-coming player in the blooming marijuana industry. “It’s Retail canada Cannabis Cannabis Industry News walmart What's Hot

Advancing Innovation in the Global Financial Services Industry

Insights on Business

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. Perhaps no industry more than finance is more concerned about maintaining data privacy. IBM RegTech Innovations.

The Grocery Industry’s Self-Driving Future

PYMNTS

From connected cars to smart ovens, the Intelligence of Things (IoT) ecosystem is projected to grow into every area of consumer life by the end of 2019. Overall spend on IoT devices is set to skyrocket this year. South Korea alone, for instance, is expected to spend $25.7

Turning Industrial Procurement Into A Well-Oiled Machine

PYMNTS

In industrial spaces like the oil and gas sector, procurement is no straightforward process. That’s in stark contrast to the “front office” operations of the sector, according to analysis by DNV GL, an oil and gas industry advisory firm.

Colorado’s Marijuana Industry Tops $6B

PYMNTS

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. According to CNBC , the state has blamed its issues on higher taxes placed on the industry and limited access to banking.

Retailers Eye Industry-Shaking Innovation With Accelerators

PYMNTS

Think about Farfetch as the platform for the luxury industry.” (The Retailers are turning to accelerators to drive innovation, and Target is taking its program to the international stage: It is teaming up with Germany’s wholesale and food specialist METRO AG for its cohort this year.

JPMorgan Will No Longer Bank With Private Prison Industry

PYMNTS

JPMorgan, the biggest bank in the United States by assets, has announced it will no longer finance the private prison industry, according to reports. As part of this process, we will no longer bank the private prison industry.”.

Square to Create Industrial Bank, Square Financial Services Inc

Bank Innovation

Mobile payments processor Square is filing an application to create an industrial loan company with the Federal Insurance Corporation. Most notably, as an industrial bank, Square […].

Can Crypto Change The Music Industry?

PYMNTS

Others, however, have complained that a million listens on a streaming service are worth about $100 to the writer of the song, once the music industry has taken its cut. Out of The International Consumer Electronics Show (CES) last week — and with several high-profile artists and a few million new dollars in funding — music industry blockchain startup Vezt has recently captured an awful lot of mainstream attention.

When IoT And The Automotive Industry Collide

PYMNTS

The automotive industry just had a head-on collision — with technology. He explained that the automotive industry is the one place where the concepts of IoT can be made very real to the mass market — where they will be able to see it, understand it and really feel its impact. With the onset of the IoT and a greater focus on innovation, it’s clear the automotive industry is quickly moving toward the opportunity for greater efficiency, McCammon said.

Bank Innovation Launches Industry Watchlist

Bank Innovation

In our constant pursuit of encouraging industry innovation, we are always on the lookout for new and inspiring players, and are eager to share our findings with our readers. To do this, Bank Innovation has launched the Watchlist. The Watchlist monitors startups from around the world, highlighting those that could transform financial services. Here, you’ll find some of […]. Exclusive Payments Startups Technology INV Fintech startups watchlist

Tencent Eyes Healthcare, Connected Car Industry

PYMNTS

Chinese internet group Tencent Holdings wants to expand into industries such as healthcare and connected cars as it faces tougher regulations in its home country.

Industry Consolidation in Financial Services

Celent Banking

The analysis within each report shows a clear trend towards industry consolidation. As the industry consolidates, the majority of institutions disappearing are disproportionately coming from the lower tiers. Is the consolidation good for the industry?

Alt Thirty Six Raises $10M To Bring Digital Payments To The Pot Industry

PYMNTS

Alt Thirty Six, a digital payment and compliance platform designed to help the cannabis industry go cashless, announced Tuesday (April 23) it raised $10 million in venture funding.

InComm To Enter Lottery Industry With Linq3 Acquisition

PYMNTS

Payments technology company InComm has acquired Linq3 Technologies with the purpose of entering the lottery industry, the company announced on Tuesday (March 12).

The Five Building Blocks of the Automotive Industry Disruption

CU Direct

Read more » The post The Five Building Blocks of the Automotive Industry Disruption appeared first on CU Direct Blog. Lending Marketing to Members auto industry customer relationships digital disruption disruptive innovators human experience innovation

How Robots Are Shaking Up The Grocery Industry

PYMNTS

It’s a combination of the latest technology and prehistoric human need: the increasing trend of using robots in the grocery industry.

Blockchain Startups Fine-Tune The Music Industry

PYMNTS

Startups specializing in blockchain may have their eye on disrupting the $15 billion music industry. According to Forbes , the music industry stands to benefit greatly from the use of blockchain technology. These inefficient intermediaries leave the industry in a position where it is ripe for disruption. The mainstream channels for music distribution in the industry face two major challenges: payments and accessibility.

Rebeca Romero Rainey: Community service is at our industry’s heart

Independent Banker

When I think back on that theme and look at the banks profiled in this issue for their outstanding community service, I’m reminded yet again how unique our industry truly is. Community banking is not a one-size-fits-all industry! Columns From the President & CEO Industry Insight“Community service is a timeless tradition that’s core to every community bank.”. By Rebeca Romero Rainey, President and CEO, ICBA.

Regulation, Data Management Top Industry Concerns

Bank Innovation

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron.

Auto Industry Predicts Black Friday Sales Bump

PYMNTS

Auto industry analysts are predicting extended Black Friday deals will offer a bump in car sales this year. Reports in Reuters said industry consulting and auto shopping website Edmunds is forecasting a 3.5 It also doesn’t hurt that automakers are starting to really sweeten the deals to clear out lingering 2017s and end this year on a high note,” said Edmunds’ executive director of industry analysis Jessica Caldwell in a statement Wednesday (Nov.

Post-Equifax Breach, Security Industry Shockwaves And Tremors

PYMNTS

PYMNTS asked nine executives from a cross-section of the payments industry for their thoughts on how Equifax changes everything, and how it doesn’t. Sometimes events in the payments world are seismic ones.

UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’

PYMNTS

businesses it surveyed think the payment fraudsters are “ahead of the industry.” The fraudsters are pulling ahead in the eternal battle between businesses and the bad guys, especially in the U.K.

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Airline Industry Caught In Late Payment Spats

PYMNTS

Late payments can threaten supply chains in any industry, but one sector in particular has seen the supplier payments struggle turn stark in recent days. Two of the airline industry’s largest players — Airbus and Lufthansa — are caught in late payment disputes, recent reports revealed, and issues can be traced back to contractual disagreements and struggles down the supply chain.

Post-Brexit Pains Hitting Many Industries

PYMNTS

According to a new confidential industry report, the consumer side of British banking could soon find itself hard hit by Brexit. ” Europe Brexit britain economy European Union industry manufacturingJust over three months since Brexit, and the world is starting to see how it’s affected Britain and its economy. Some examples are too micro to overlook. Reuters reported that a British metalworking firm, Robert Bion & Co.,

EMV, mobile ordering upgrades challenge restaurant industry

Mobile Payments Today

New foodservice technologies — including self-order kiosks, mobile ordering and EMV-enabled payment systems — are being introduced at a rapid pace. Operators with existing POS investments need to be able to integrate new capabilities into their existing systems

Where is the Financial Services Industry in the digital transformation journey?

Insights on Business

I thought one panel participant explained eloquently where the financial services industry is in the digital transformation journey when he put it in terms of the incumbent bank’s relationship with fintechs.

Pitstop’s Solution To The Auto Industry’s $70B Feedback Problem

PYMNTS

The problem, he said, is that the automotive industry has a bit of a broken feedback loop when it comes to gathering and analyzing vehicle data. This, he noted, was incredibly different from the tech industry where he went on to work as an adult.

Blockchain Tracker: Insurance Industry Feels Blockchain Impact

PYMNTS

Blockchain technology has the potential to impact nearly every industry involving money. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance. To help better understand blockchain technology and how it is impacting the insurance industry, we sat down with global innovation platform Plug and Play ’s Principal and Director of InsurTech, Ali Safavi, and its Founder and VP, Scott Robinson.

US Banking Industry Had No Failures In 2018

PYMNTS

banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. According to a report in CNBC , citing Calculated Risk, last year was the first time since 2006 that not one U.S.

THREE UNUSUAL EXAMPLES OF INDUSTRY INTEGRATION IN BLOCKCHAIN

Dataconomy

Blockchain stormed onto the tech scene with ambitions of disrupting the status quo across several industries while demonstrating the potential to do so. The post THREE UNUSUAL EXAMPLES OF INDUSTRY INTEGRATION IN BLOCKCHAIN appeared first on Dataconomy.

Didi Checks Into Hotel Booking Industry

PYMNTS

China’s largest ridehailing app Didi Chuxing is breaking into the hotel booking business. The news comes as the company tries to recover from two highly publicized murders of female passengers by drivers on its platform, according to reports.

Blockchain Technology Will Revolutionize These Five Industries

Dataconomy

The post Blockchain Technology Will Revolutionize These Five Industries appeared first on Dataconomy. Analysts forecast that bitcoin will achieve a total value of $1.2 trillion towards the end of 2018.

Storage Industry Surprisingly Highly Lucrative

PYMNTS

eCommerce’s impact on the retail industry has no doubt been immense over the past decade. The cost to operate these new storage industry leases is a fraction of the profits at just $149 million. This type of profit margin has no doubt lured people into going into the storage industry for to store people’s prized possessions. Retail ecommerce News online shopping Public Storage self storage storage facilities storage industry

EY To Use Blockchain For Auto Industry, Ride-Hailing Services

PYMNTS

Ridesharing bitcoin Blockchain cryptocurrency EY food industry IBM Microsoft News Tesseract Toyota Toyota News What's HotBlockchain, the technology that makes cryptocurrency like bitcoin possible, is moving into the auto and ridesharing markets. According to a news report in Reuters , EY, the consulting unit of Ernst & Young Global, announced Wednesday (Aug. 30) it is launching a blockchain system that will let companies and/or individuals share vehicle ownership more easily.

Financial Apps Have Better Mobile Retention Rates Than Other Industries, Report Says

Bank Innovation

Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial apps, according to one report released by mobile app research firm Liftoff.

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Instant Gratification Upends Logistics Industry

PYMNTS

The latest victims in the crosshairs of this newly developed seamless service is the logistics industry. One of the major contributors to the upending of the logistics industry, via consumer demand, of course, is Amazon with its over 65 million Prime members. The move to closer locations is what’s known in the logistics industry as the “last mile” of delivery. This movement in the logistics industry has spurred entrepreneurs to develop innovative startups in the space.

Self-service industry lags with EMV compliance

Mobile Payments Today

The future state of self-service is turning the kiosk into a stand-alone store, and secure payment is one of the services that needs to be offered for it to be effective, says Ingenico's John Menzel, who recently shared his insights on EMV compliance in self-service

NACHA Report: Inaugural Meeting Of API Standardization Industry Group

PYMNTS

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. financial services industry — has been slow. NACHA and the Industry Group believe one of the biggest challenges is a lack of standardization.

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UK Continues Payments Industry Consolidation

PYMNTS

continues to consolidate its payments industry, with its New Payment System Operator (NPSO) announcing the latest step in the initiative. The U.K. A press release on Monday (July 2) said the NPSO acquired the U.K. Payments Administration and has taken control of the nation’s check and credit clearing operations. The move includes the Cheque and Credit Clearing Company Limited (C&CCC) merging under the NPSO, it said.

IBM Cloud offers Immutable Object Storage to help Finance industry meet records retention

Insights on Business

In the Financial Services industry, a range of businesses including banks, insurance companies, securities trading organizations, and capital market clients are required to comply with regulations that include information governance and stringent records retention requirements.