The Payments Industry Was Ready

PYMNTS

As most businesses and industries have struggled over the past 12 weeks, the payments industry was ready with the necessary infrastructure, products and services to support the digital shift. “Sustained business success is dependent on business readiness to adapt to the changes in the market conditions, including the evolving needs of customers.”. Most people are utterly stunned and surprised by sudden disruptions like COVID-19. Others know that pandemics and crises come and go.

Financial services industry struggles to emerge from lockdown

Payments Source

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Lemonade CFO On The Insurance Industry’s Innovation Dilemma

PYMNTS

The insurance industry has been bogged down by sluggish service and even slower payouts for decades, and while policyholders have certainly weathered their fair share of friction from the sector’s legacy incumbents, those insurance companies themselves have also suffered from a lack of digitization and automation. ” This is what Bixby described as the challenge of “legacy baggage,” which puts industry newcomers’ youth to their greatest advantage.

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

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Reliance Industries Weighs Purchases Of Retailer, Delivery Companies

PYMNTS

India’s Reliance Industries is in talks to buy online furniture retailer Urban Ladder in a transaction valued at as much as $30 million, the Times of India reported on Monday (Aug.

Retail Industry Groups Support New Stimulus

PYMNTS

Retail industry trade leadership likes what it sees from Washington so far. As the new stimulus package starts its journey from initial proposal to tense negotiations, both the National Retail Federation ( NRF ) and Retail Industry Leaders Association ( RILA ) have expressed support for several aspect of what is now being called the HEALS Act (Health, Economic Assistance, Liability Protection, and Schools Act).

Why the insurance industry should prioritize digital payments

Mobile Payments Today

The insurance industry needs to consider how their payments technologies match up with increasingly disruptive trends in the financial services space

Banking industry groups seek help on COVID-19

Mobile Payments Today

Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are concerned that time needed for saving their businesses could run out before help arrives

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Following COVID-19: How the virus is affecting the mobile payments industry

Mobile Payments Today

Mobile Payments Today is doing its best to provide news and updates regarding how the coronavirus is affecting the payments industry. We'll update this story with the lastest headlines

How to Overcome the Pain Points of Your CRM

When used effectively, a CRM can be the life blood of your sales team – keeping everyone organized, efficient, and at peak productivity. However, as a company, sales stack, and database grow, it becomes difficult to uphold structure and governance to keep a CRM up-to-date. The result? Less organization, more confusion, and fewer deals closed. Leveraging leading industry research from industry analysts, this eBook explores how your sales team can gain back valuable time.

Industry consortium on financial data sharing adds 25 new members

Bank Innovation

The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure and convenient consumer and business access to financial data, this week confirmed that it had added 25 new members in the second half of 2019.

Reliance Industries Rolls Out Online Shopping Platform

PYMNTS

As it aims to tap into its massive digital subscriber base to take on worldwide eCommerce companies, Mukesh Ambani’s Reliance Industries is launching an early version of its online retail offering. Retail ecommerce india mobile app News online shopping Reliance Industries What's Hot

Industry Experts Say Bank Job Cuts Are Coming

PYMNTS

Industry experts cited by Reuters attribute their predictions to factors including low interest rates, credit problems among potential borrowers and efficiencies generated by work-from-home programs. “No

Charting The Travel Industry?s Next Adventure

PYMNTS

The first half of 2020 has been particularly grueling for the travel industry. Cavins and other industry all-stars recently joined Karen Webster for a panel discussion titled, Being There: Travel and Hospitality Remade for Generation COVID-19.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Shellfish Industry Tries DTC Strategy

PYMNTS

shellfish industry was headed into 2020, the big concern was climate change. In order to understand how the pandemic has impacted the shellfish industry, it’s important to have some background into how it works, using oysters as an example. As such, she believes that a COVID-19 vaccine will be the only cure for the shellfish industry’s ills. As the U.S.

Grubhub doubles participating restaurants but urges patience on industry turbulence

Mobile Payments Today

Grubhub Founder and CEO Matt Maloney and CFO Adam DeWitt penned a letter to shareholders as part of the food delivery firm's quarterly earnings report, touting the progress made by expanding from 150,000 to 300,000 participating restaurants

Industry Eyes Toys R Us Comeback As Toy Fair Readies

PYMNTS

The toy industry will soon gather for what insiders used to call “CES with stairs.” But you might be forgiven for a big longing for the industry’s prodigal son: Toys R Us. But it limits revenue and that’s where the industry will be watching.

Weekly Wrap: PPP ramp up dominates the credit industry

Bank Innovation

The Small Business Administration’s Paycheck Protection Program went live today, and confusion reigned. Despite shelter-in-place mandates for better than 80% of Americans, some banks urged prospective borrowers to come into branches to fill out an application.

How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry

PYMNTS

For the fitness industry, ClassPass CEO Fritz Lanman told Karen Webster, the last several weeks have been nothing short of “catastrophic” for the industry as a whole.

ATM industry looks to federal lifeline amid COVID-19

Mobile Payments Today

As relief and funding packages are being debated in Washington, the National ATM Council looks to how these new laws will affect business

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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

How coronavirus could change the payments industry

Payments Source

Coronavirus, also called Covid-19, is wreaking havoc on the stock market, with a heightened effect on the travel industry. It could also cause a drastic change in payment habits, as consumers shift to digital channels to reduce their risk of infection from handling cash. Contactless payments Cross border payments Digital payments Retailers Coronavirus Mobile wallets Cash

The Impact of Direct Dials on Sales Productivity

Leveraging the latest industry research, this eBook highlights the impact of direct dial phone numbers on sales productivity with the goal of empowering reps to have more conversations with prospects, and consequently, schedule more meetings, increase opportunities, and close more business - fast.

Bank Of England Mulls Blockchain Amid ‘Fourth Industrial Revolution’

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The digital revolution comes to the land where the industrial revolution was born? To that end, Invest In Blockchain reported that Mark Carney, governor of the Bank of England, said that the central bank should gear up for a “fourth industrial revolution” that includes at least some impact to payments, chiefly through blockchain and decentralized systems.

Maintaining Thrust While Your Industry Crashes

Payments Source

The travel industry was hit extremely hard by the coronavirus pandemic. WEX, a payments processing and financial technology solutions organization with offerings for corporate travelers, felt the shockwave first hand. COVID-19 Crisis Management Leaders Payment processing Employee productivity

What Covid-19 Is Doing To Industrial CRE Loans

Banker to Banker

While several commercial real estate (CRE) sectors are showing signs of stress, the industrial sector is one of the few bank credit lines that are improving. In this article, we take a quick look at national CRE industrial sector economics and explain why banks may want to consider reallocating more capital to this area. Companies gained confidence at the end of the second quarter and started to lease more space.

How Payments Is Powering The Travel Industry’s Return

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The global pandemic has left no industry unscathed, but the travel business has the unfortunate distinction of being the sector that was slammed first and hardest, Colin Smyth , head of travel at payments platform Flywire , told Karen Webster in a recent conversation. They took [that] punch in the stomach first, and they’ve had to rebuild, thinking about the ways they can survive until the industry opens back up again,” Smyth said.

Humility in AI: Building Trustworthy and Ethical AI Systems

AI is becoming ubiquitous. More and more critical decisions are automated through machine learning models, determining the future of a business or making life-altering decisions for real people. The number of critical touch points is growing exponentially with the adoption of AI. In this ebook, we explore the concept of humility in AI systems and how it can be applied to existing solutions to ensure their trustworthiness, ethicality, and reliability in a fast-changing world.

How Industry-Tailored Data Eases Travel’s B2B Payments Pains

PYMNTS

The travel industry has a long, arduous path ahead, and it’s unclear what the sector will look like as it endures a painful period of disruption. Regardless of what the future holds, the travel industry will need to adapt, and changes won’t only occur on the front end.

Vietnam’s Vingroup To Exit Retail For Industrial, Tech Focus

PYMNTS

18) it will be exiting from its retail business to focus on becoming a technology and industrial company. The withdrawal from retail reaffirms Vingroup’s determination to become a leading industrial and technology services corporation,” the company stated.

Remembering Jason Kuhn: ATM industry pioneer and beloved friend

ATM Marketplace

Jason Kuhn, vice president of product marketing for Hyosung and leader in the ATM industry died on May 21, 2020. His loss is greatly felt throughout the ATM industry. Jason's business associates, family and friend share their thoughts and memories with ATM Marketplace

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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.

Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.