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

Uber Freight Gains Share Of $796B Trucking Industry


The trucking industry generated $796 billion in revenue last year, while the global ride-hailing market was valued at just $36 billion in 2017. The city has always been at the heart of the global transportation industry, and we’re eager to continue that legacy.”.

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


” 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’


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 125

Imperial Brands Moves Into Cannabis Industry


Imperial has a strong portfolio of intellectual property in the vaping space, which has substantial overlap with the cannabis industry, and it’s found a sensible partner to help seize the commercial opportunity without taking substantial risk,” said Nico von Stackelberg, an analyst at Liberum.

How Pay Advances Affect The Retail Industry


Though retainers or deposits are commonplace in highly skilled industries, it hasn’t been the norm among gig workers, especially among unskilled industries like transportation and arts and entertainment. This study looks at how the desire for pay advances differs by industry.

CBD And Cannabis Industries Attract Payments And Compliance Players


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.

Apple Card launch generates major buzz, but industry split on long-term impact

Mobile Payments Today

The official launch of Apple Card has generated major buzz across the payments and banking industry, however a split has emerged about whether the technology company will truly break new ground on a digital payment product that grows the business with consumer friendly financial services

Restaurant Industry Sales Projected To Reach $863B In 2019


And overall industry sales are forecast to hit a high of $863 billion this year, per projections from The National Restaurant Association, CNBC reported. As more consumers spend a larger part of their budgets on dining, U.S.

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.

Agricultural Industry Goes Tech With OnPay, Xero Partnership


Payroll provider OnPay is collaborating with accounting software company Xero to bring back-office services to the agricultural industry, Accounting Today reported on Wednesday (Aug.

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 […].

FPC Chooses Industry Expert Kimberly Ford As Exec Director


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.

How Digital Is Transforming Vital Industries In 2019


As hurricane season starts, PYMNTS takes a deep dive into new issues related to digital disaster relief, and looks at how digital is transforming other industries. At the dawn of a new decade, everything from grocery shopping to disaster relief is getting a digital upgrade.

The Grocery Industry’s Self-Driving Future


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

Why the insurance industry has fallen behind on the digital highway

Mobile Payments Today

Insurance companies face some of the same challenges as incument players in the finance industry, yet have been slow to adopt to the needs of consumers in an increasingly digital-first environmnent

12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. This transfer of wealth has already begun transforming a range of industries. However, these industries won’t thrive unchanged.

Turning Industrial Procurement Into A Well-Oiled Machine


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.

IMF’s Lagarde Calls Out FinTech As Industry Disruptors


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.

ISO 20022: A watershed moment for the payments industry


The payments industry is continually evolving, with change driven by various evolutionary business initiatives such as Open Banking, Real-Time Gross Settlement (RTGS) system renewal and Instant Payments. In addition, a number of revolutionary ideas have recently hit the financial services industry, including digital and cryptocurrencies, as well as distributed ledger technology and blockchain. What is ISO 20022?

Colorado’s Marijuana Industry Tops $6B


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


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.

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 […].

Capital One breach seen as final wakeup call to financial industry on data vulnerability

Mobile Payments Today

and Canadian consumers losing access to critical personal data, should be a wakeup call to financial industry officials The breach at Capital One, which resulted in 106 million U.S.

Can Crypto Change The Music Industry?


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.

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.

ETA Hires Software Industry Exec Jodie Kelley As New CEO


Kelley as its new CEO, the industry group said in a press release. The payments technology industry is dynamic and expanding, and ETA has a vital role to play during this period of growth and innovation.” . The payments technology industry is dynamic and so is its trade association.”.

Blue Apron Turns 7 As Meal Kit Industry Grows Up


We at PYMNTS, being writers, don’t do cakes and gifts for birthdays, but instead prefer writing retrospective stories like this, treatments that serve not only as a history of a particularly newsworthy company, but also a glimpse into the future of the industry in which it operates.

How Blockchain will Reshape the Financial Services Industry (Research)

Chris Skinner

The Executive Summary is as follows: From Concept to Reality: How … The post How Blockchain will Reshape the Financial Services Industry (Research) appeared first on Chris Skinner's blog.

When IoT And The Automotive Industry Collide


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.

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?

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

JPMorgan To Take On Industrial And Commercial Bank Of China


JPMorgan has announced it will go “full force” in China to take on the state-run Industrial and Commercial Bank of China (ICBC), which is the biggest bank in the world, according to a report by Bloomberg.

Christine Lagarde: Finance Industry Should Be More Open To Crypto


International Monetary Fund (IMF) Chair Christine Lagarde said financial supervisors and central banks should be more open to cryptocurrencies, even as they protect consumers, according to reports. “In In the case of new technologies — including digital currencies — that means being alert to risks in terms of financial stability, privacy or criminal activities, and ensuring appropriate regulation is in place to steer technology towards the public good,” Lagarde said.

Restaurant Industry Demands Wider Refund Windows From Grubhub


Still, restaurant industry reps say that the company’s plan to offer refunds for up to 120 days from 60 days isn’t enough. “If

Blockchain Startups Fine-Tune The Music Industry


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.

Tencent Eyes Healthcare, Connected Car Industry


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.

JPMorgan Will No Longer Bank With Private Prison Industry


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.”.

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

Industry Group Aims To Standardize Supply Chain Finance


The trade finance industry encompasses a range of financial products all with a single goal in mind: Promote global trade and the financial well-being of traders.

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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.