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

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

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

What's the future of the ATM industry?

ATM Marketplace

The sixth edition of the ATM Future Trends report, which includes the results of an extensive survey and industry insights from ATM thought leaders, is available

ATM 116

CBD And Cannabis Industries Attract Payments And Compliance Players

PYMNTS

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles.

FPC Chooses Industry Expert Kimberly Ford As Exec Director

PYMNTS

Faster Payments Council ( FPC ) has chosen industry expert Kimberly Ford as the organization’s first executive director. The U.S. Ford, who used to work with the First Data Corporation, will start on June 24 (Monday), the company said in a release.

Financial industry reps worry OCC regulatory ‘sandbox’ could stifle innovation

Bank Innovation

It's meant to ensure regulatory cover for new products, but some industry leaders worry it could get in the way […].

IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe.

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

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.

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.

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.

 Big Tech Antitrust Hearings Begins with Scrutiny of Media Industry

PYMNTS

The combined ad revenues of Google and Facebook have skyrocketed over the past several years to $52 billion, he said, dwarfing the newspaper industry’s ad revenue of $16.4 And so the long look at big tech begins.

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.

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 […].

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.

Duffel Funding Round Adds Fuel To Travel Industry Innovation

PYMNTS

Disruption keeps hitting the travel industry, whether via digital payment or commerce, and the latest example of that comes from a U.K.-based Details were scarce about the company’s new offerings, or how it views this particular brand of travel-industry disruption. Other areas of innovation and disruption for the travel industry are heavily focused around payments.

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.”.

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.

EU Government Backs New Laws To Protect Creative Industries

PYMNTS

Governments making up the European Union have backed an initiative by the European Commission aimed at protecting Europe’s creative industries, ensuring fair compensation when the likes of Google and Facebook use their content.

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?

Jeff Bezos Says He’s Fascinated By Auto Industry

PYMNTS

If you think about the auto industry right now, there’s so many things going on with Uber-ization, electrification, the connected car – so it’s a fascinating industry,” Bezos said, according to a recording of the meeting. “It’s

Auto, Tech Industries Have Competing Patent Guidelines For Autonomous Tech

PYMNTS

The guidelines by the two industries differ in the way licensing fees get calculated, and the rules for using patented tech. Guidelines for patents on self-driving car technology and internet-enabled vehicles have put tech firms and automakers at odds, according to a report by Reuters.

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.

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

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.

State of the Industry: ATM Fraud

ATM Marketplace

With $400K USD withdrawn from ATMs worldwide every second, are ATMs still alive, relevant and reliable despite recent highly coordinated and sophisticated fraud attacks

ATM 71

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.

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

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).

Big Tech Antitrust Hearings Begin With Scrutiny Of Media Industry

PYMNTS

The combined ad revenues of Google and Facebook have skyrocketed over the past several years to $52 billion, he said, dwarfing the newspaper industry’s ad revenue of $16.4 And so the long look at Big Tech begins.

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.

Bungoma Integrated Industrial Project

Bankelele

The post Bungoma Integrated Industrial Project appeared first on Bankelele.

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.,

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.

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.

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.

How BofA solved the industry’s in-branch card issuance problem

Bank Innovation

For customers who lose their debit cards, a visit to a nearby branch is often the quickest way to resolve the situation.

For Mastercard/OpenText and the Automotive Industry: Have Trust, Will Trade

PYMNTS

In the automotive industry, hiccups amid the supply chain — for deliveries or for payments, can have outsized ripple effects. She said that the newly announced joint efforts between the companies center on “collaboration within the industry, which has been lacking. To keep the wheels of commerce — or the commerce of wheels — turning, trust is key, among lengthy supply chains, and vendors large and small.

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

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.