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Samsung Q3 Mobile Sales Decline 12 Percent

PYMNTS

Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars.

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Hive Project Taps Into Cryptocurrency For Invoice Finance

PYMNTS

“We want to help small businesses solve their liquidity issues by leveraging blockchain technology to provide financing options previously only available to large companies,” the firm’s CEO and Co-Founder Jure Soklic said in a statement. The sale will last six weeks, it said.

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Bank Of America’s Corporate Banking Lead To Depart

PYMNTS

The departure will conclude nearly seven years in the position for Meissner, who spearheaded a “reshaping” of corporate and investment banking operations following its merger with Merrill Lynch post-financial crisis. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations.

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Community banks are thriving in Texas

Independent Banker

The state is growing an impressive technology roster, for example. Samsung plans to build a $17 billion chip plant in town about 30 miles away from its existing facility in Austin. ANB does “traditional lending in every aspect,” Edlund says, but commercial loans make up the majority of its loan portfolio.

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The Big Sizzle: Winning Week For Wearables

PYMNTS

Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. The plan, HSBC and Samsung jointly confirmed in a press briefing, is envisioned for wider rollout in the U.S. and globally, though an official timeline has not been set.

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Warehouse Robots, AltFin And Cybersecurity Top B2B Funding

PYMNTS

Based in France, Exotic Solutions provides warehouse services with its robotics technology. Exotic Solutions offers eCommerce businesses its Skypods robots, using automation to transport products in warehouses to human operators. Focusing its analytics technology on corporate research and development teams, U.K.-based

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Gonzo Notes from Money20/20

Gonzobanker

Samsung Pay was launched in the United States after piloting in South Korea. Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies.