How online gaming created a challenger bank

Chris Skinner

What was not surprising is that the lion’s … The post How online gaming created a challenger bank appeared first on Chris Skinner's blog. I was chairing a panel with a number of different players, one of which was Monzo.

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Online Spending Could Top $124B Over The Holidays

PYMNTS

Amid a change in shopping habits from brick-and-mortar to eCommerce, online spending is expected to reach $124.1 For online sales, the calendar might provide a bit of a boost: due to an extra day in the period spanning from Cyber Monday to Christmas, a $284 million rise in sales could occur.

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ShopRunner May Acquire Online Department Store Spring

PYMNTS

Two-day shipping platform ShopRunner is reportedly planning to acquire Spring , an eCommerce startup that runs an online department store. Spring’s online store carries fashion items as well as accessories from brands like Gucci and Levi’s.

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Online Ad Biz Neared $50B In Early 2018

PYMNTS

A new report from Interactive Advertising Bureau ( IAB ) shows that the online advertising business continues to grow at double-digit rates. Business ad Consumer Spending digital IAB mobile News online advertising social media What's Hot

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Zara Plans To Roll Out International Online Shopping Platform

PYMNTS

To bring its fashions to new markets, Zara plans to roll out a global online platform. Orders will be fulfilled from Zara’s Spanish online platform and orders will be in euros. The full online catalog will be operational by 2020.

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Sberbank, Yandex Partner To Launch Online Marketplace Beru

PYMNTS

At the same time that there is a dearth of competition, analysts have said the economy in Russia is situated for growth, given online retail accounts for only 3 percent of the total spend. Partnerships / Acquisitions Beru ecommerce News online marketplace Russia Sberbank What's Hot Yandex

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EU Proposed Regulation Could Put More Data Restrictions On Online Merchants

PYMNTS

European Union lawmakers have proposed new regulations aimed at stopping an online marketplace such as Amazon from using data from merchants’ product sales to boost sales of their own branded products. Amazon EU Google News online marketplace online merchants What's Hot

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Consumers Are Increasingly Researching Purchases Online

PYMNTS

That data strongly indicates 88 percent of consumer pre-research their buys online before making a purchase either online or in-store. In-store pick up is also becoming an increasingly favored method of conducting commerce, the report found, with 68 percent of consumers noting they were satisfied with their experiences when ordering what they needed online and then picking those purchases up in-store.

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Walmart Plans Online Store With Advance Auto Parts

PYMNTS

Through the tie-up, the retailer will offer auto parts products and accessories such as tires in Walmart Auto Care Centers as well as online, CNBC reported. The news comes days after Walmart had announced its acquisition of online intimate apparel seller Bare Necessities.

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Online Lender SoFi Sees $12M Loss In Q3

PYMNTS

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization.

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To Fight Fake IDs And Online Fraud, Know Thy Enemy Better

PYMNTS

We have to accept some part of that [friction] for the online world. We are trying to take our offline ID and use it online.”. To really beat someone, or something, one must respect and understand that person or organization, even if they dislike or loathe them.

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Can Behavioral Analytics Slow Online Fraud?

PYMNTS

Fraudulent activity is 81 percent more likely to occur online than at the physical point of sale. The reality is, online I can go from store to store to store and can test the limits of that credit card in a very aggressive manner,” Mills said. This is the amount of online fraud that wends its way across call centers. Security & Fraud Call Center Fraud data drivers Featured News Featurespace Financial Crime fraud Fraud Prevention News online fraud podcast

Online Grocery Approaches $50B In Online Sales Worldwide

PYMNTS

Online grocers are growing at a much faster rate than traditional brick-and-mortar grocers, according to a new report. percent in the past fiscal year, compared to a 15 percent growth in online grocery sales. Of the total worldwide grocery market, online sales now make up 4.4 alone, online grocery sales are expected to jump 157 percent in 2016 as online grocery delivery options, like AmazonFresh, Peapod and numerous other competitors, continue to flood the market.

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US Bank Designs Online SMB Lending Platform

PYMNTS

Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. Bank, which revealed its online lending platform for small businesses to access a loan or line of credit. If approved, borrowers can also view and manage their financing details online. Bank said its online banking portal can address both of these needs, providing an omnichannel loan experience for small firms while saving time for business owners.

Can Online Dating Keep Out Stalkers? Facebook Thinks So.

PYMNTS

Excuse the brief descent into heartbreak, but for every online dating success story — Aren’t they so cute?!! Can Facebook help bring more sanity — or, more accurately, a better sense of safety — to the world of online dating? There is little doubt that consumers have taken to online dating — one estimate said one in three people have at least tried it. After all, the risks of online dating go far beyond meeting a creep with fake roses in his car.

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Walmart Online Sales Explode

PYMNTS

Case in point: Walmart beat on earnings and revenue, saw same-store sales grow and online sales explode. I’m encouraged by innovation in the business,” McMillon noted, calling out the various improvements to its buy online, pick up in-store brick-and-mortar service — including grocery delivery, in-store pick up discounts and automated order pick-up towers, “where customers can pick up their orders within a matter of minutes.”. “We He noted that online grocery is already in 900 U.S.

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ALDI Expands Online Grocery Delivery To All US Stores

PYMNTS

ALDI has announced that it is expanding its online grocery delivery service to all of its stores in the United States. Retail ecommerce food delivery grocery delivery grocery sales News online groceries What's HotAccording to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis.

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China Central Bank Creates AML Regulations For Online FIs

PYMNTS

The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs).

Zara Now Offering Online Shipping From Stores

PYMNTS

Zara is now enabling its stores to ship online purchases in an effort to boost sales of full-priced items. This will be one of the largest-scale attempts by a retailer to use shops to fulfill online orders. This is something very, very strategic for us, this idea of full integration between store and online stockrooms,” Inditex’s chairman and chief executive, Pablo Isla, told analysts in June.

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Walmart, Handy Tie-Up Goes Live Online

PYMNTS

To help Walmart’s online customers access assembly and installation, the retailer is broadening its relationship with home services company Handy , which will now offer services via Walmart.com, Retail Dive reported. Before the addition of the online offering, customers could purchase Handy’s at-home services while checking out in the store, and then simply schedule an appointment with a qualified local professional to perform the tasks.

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ProfitStars Targets Online Bill Pay Fraud For Banks

PYMNTS

The firm’s Gladiator iPay Enterprise Security Monitoring (iPay ESM) tool is now live for financial institutions to monitor and mitigate the risk of fraud linked to online bill payment, the company said in a press release. According to ProfitStars, more than 2,500 community and regional banks offer online bill payment to their retail and small business clients through iPay Solutions.

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Zillow Launches Online Applications Payments For Renters

PYMNTS

Zillow , the online real estate company, announced on Tuesday (July 31) that it has rolled out new tools to help time-strapped renters get a competitive edge in the rental process and to help landlords avoid the time and hassle it takes to screen potential tenants. Based on the results of a soon-to-be-released survey by Zillow, 59 percent of renters want to send applications online, while 57 percent want to pay their rent over the internet.

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Online Gambling Expands With FanDuel, DraftKings Product Launches

PYMNTS

It has reportedly launched FanDuel Sportsbook , which offers online betting services for real sporting events — but only to consumers located in New Jersey, for now. Rival fantasy sports provider DraftKings previously launched its own online sportsbook about a month ago, before the start of the NFL season. Regulation gambling internet gambling News online betting Online gambling Sports betting sports gambling supreme court

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Wayfair Results See Surge in Online Shopping

PYMNTS

Online home goods and furniture retailer Wayfair has seen its shares go up and down in the wake of earnings reported earlier this week, according to Thursday (Nov. Within the numbers, online shopping trends shone. Growing at an even faster rate — and, of course, helping to boost Wayfair’s top line — was the company’s online customer base, which was up 39 percent to 10.3

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Citizens Financial To Launch Online Consumer Bank

PYMNTS

Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release , Citizens Financial said the digital platform will offer FDIC-insured deposits products aimed at serving people who want to save and want the flexibility of an online banking service. Banking Citizens Access Citizens Financial consumer banking News online banking saving What's Hot

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Yelp Wins Court Ruling About Negative Online Reviews

PYMNTS

A recent California Supreme Court decision that essentially allows a negative Yelp post to stand about a lawyer could help determine how online reviews are treated in the future. An appeals court rejected Yelp’s argument, but the Supreme Court found in favor of the online review platform. The court ruling serves to protects the 1996 law, which is intended to promote online discourse and industry self-regulation,” Chief Justice Tani Cantil-Sakauye said in the ruling.

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Study Finds New Store Openings Lead To Boost In Online Traffic

PYMNTS

A report has found that opening a new brick-and-mortar location can cause a significant boost in a retailer’s online traffic. According to a recent ICSC study, “ The Halo Effect: How Bricks Impact Clicks ,” when retailers invest in brick-and-mortar stores, their online presence grows.

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MobileBytes Launches New Update For Online Ordering

PYMNTS

MobileBytes , the point of sale (POS) for iPad innovators, has released its next-generation software update for online ordering. According to PointofSale.com , this latest update includes the ability to easily create specials and promotions for online orders, as well as allowing restaurateurs to automatically disable the sale of menu items that have key ingredients out of stock. “We POS Innovation iPad MobileBytes online ordering point of sale Restaurants Retail software update

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Can Cannabis Commerce Go Online?

PYMNTS

We came up with the idea of an online marketplace for cannabis because we were really looking at how people shop for everything. Customers want to shop online — but if you think about the last thing you purchased online, you probably did it in a very particular way.”. Said simply, Rosenfeld noted, customers have the ability to search when they shop online — and search somewhat flexibly.

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Government Payment Service Leaks Data On 14M Customers Online

PYMNTS

Government Payment Service , the company that enables online payments for thousands of U.S. In a letter to KrebsOnSecurity after it was alerted to the data leak , the company said it had addressed what it called a “potential issue,” saying the problem was with its online system that lets users access copies of their receipts “but did not adequately restrict access only to authorized recipients.”.

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How TV Can Support Digital Marketing And Online Payments

PYMNTS

Analytics consumer privacy data security data tracking digital marketing News online ads Online Marketing personalized advertising Samba TV Smart TVs Technology TVBy the cultural standards of today, the technology is ancient, born amid hot jazz and bootleg booze, when memories of the slaughters of the “The Great War” — now called World War I — were still fresh enough to hurt.

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Millennials SME Owners Prefer Online Alternative Lenders to Tradtional Ones

Bank Innovation

Online alternative lenders are gaining momentum with U.S. SMEs have used online alternative lenders (P2P lenders or marketplace lending platforms) […]. DataBank Lending Online Open Fintech Startups alternative lender millenial investing SME lending

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Vantiv Expands Online Footprint

PYMNTS

Online shopping cart software provider 3dcart announced its partnership with Vantiv to bring “flexible eCommerce processing choices” to more than 20,000 online merchant sites. 3dcart is committed to creating tight integrations with the best eCommerce partners on the market, and the results of those initiatives help provide online merchants with access to diverse payment processing options,” 3dcart CEO Gonzalo Gil said in a statement released on Wednesday (May 4).

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Brands Stretch Their Legs Online

PYMNTS

One of the most recent experiments for direct-to-consumer eCommerce is taking place on Instagram , and, if successful, could forge a path for brands that want to sell directly to online consumers. Over 56 percent of online shoppers read reviews before making a purchase, and in 2017, visual CGC saw a 55 percent year-over-year increase in conversion lift and a 96 percent interaction rate amongst shoppers,” she wrote.

Online Fraud’s Biggest Problem: Scale

PYMNTS

Online fraud problem? Judging from the latest Benchmark Report from CyberSource, online merchants are not only doing a great job of managing fraud, they are doing it across all online channels — and across all types of businesses. What fraud problem?

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Fighting Online Fraud Through eDNA

PYMNTS

The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? Gafke noted that “transactions of any kind leave a kind of financial, online exhaust” and that each transaction has attributes that, taken together and over time, ultimately, can be assembled into a digital identity.

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Online Alcohol Delivery Surged 32 Percent Last Year

PYMNTS

New data shows that online alcohol-delivery revenue grew almost 33 percent last year, increasing at an average rate of 3 percent month over month. In addition, women purchased more alcohol online than men, making up almost 56 percent of alcoholic beverages delivered online. But the ladies aren’t the only ones who love their vino — the beverage is also tops for men, making up 47 percent of their online alcohol purchases.

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Sears Offers Online ‘LEASE IT’ Financing Program

PYMNTS

Sears Holdings has announced that it has expanded its leasing program so that customers can easily finance a variety of products, both in-store and online. There is also an online estimator tool to help members estimate their payment with different payment schedules and lease amounts. Retail ecommerce financing Layaway Leasing News online shopping Sears What's Hot

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Virginia Sues Online Lender Over Consumer Loans

PYMNTS

Virginia is suing one of the largest online lenders in the U.S. In the newspaper’s story, Attorney General Mark Herring advocated for stronger laws to “protect Virginians from predatory loans, whether issued online or in person.”. “We’ve We’ve seen more and more Virginians turn to online lenders in a time of need only to find they’ve signed up for a debt trap that is going to cost them hundreds if not thousands of dollars in finance charges and fees,” Herring said.

McDonald’s McGold Card Promotes Online Ordering

PYMNTS

To help drive customers to its online ordering system, McDonald’s is rolling out a free food “for life” promotion. The winner will score a McGold Card that gives two free meals a week over a 50-year period, USA Today reported. According to the contest’s website , the prize is worth $52,350. The contest kicks off on Friday (August 10) and concludes later in the month. McDonald’s is not the first QSR to run such a contest.

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Hitting Reset On Online Auctions

PYMNTS

Online auctions have evolved since the early days of eBay. Retail DealDash discounts e-commerce eBay News online auction Penny Auction Shop Talk shoppingThe most popular complaint about them? The waiting. Since eBay auctions oftentimes span days — not all items have a “buy-it-now button” — bidding on goods on the web can, in certain circumstances, require near monastic levels of patience. Given that one of the mainstay complaints about the 1.0

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Walmart Online Chief Departs

PYMNTS

Online retail is known for moving fast, and sometimes, the execs pulling all the levers behind the scenes move even faster. online operations, had vacated his post effective April 1.

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Online Fraud Attack Rates Soar Since October

PYMNTS

Since the cutover to EMV in October, fraudsters have moved their business online. The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. online merchants and how that changes over time. It’s official.

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