CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

PYMNTS

million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. According to the release, Santander allegedly knew that it provided incorrect consumer data to the three major credit reporting agencies (CRAs).

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XBRL News – Sustaining Reporting ’21!

Daily Fintech

As this rather extraordinary year draws to its very welcome close, we reflect on what promise financial and ESG reporting might hold for the near future. The explanatory power of financial information reported to investors for market valuation has drastically declined in recent decades.

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The future of payments post-pandemic (free research report)

Chris Skinner

I’m releasing the report today and here’s the opening summary: When the Covid-19 pandemic hit … The post The future of payments post-pandemic (free research report) appeared first on Chris Skinner's blog.

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FDIC Looks To Modernize Bank Reporting

PYMNTS

FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. To do so, the FDIC is going about a new competition among 20 data and technology firms to try and find the best way to move forward, WSJ reported.

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The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Report: Prime Trust Leverages AI To Secure Crypto Exchange Onboarding

PYMNTS

This may prove to be a tall order, however, as the financial services company is reportedly still working to identify a cryptocurrency that meets its needs. Read more on these and other headlines in the Report’s News and Trends section. Find that story in the Report.

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Robinhood Reports Potential Hacking Incident

PYMNTS

9) that hackers may have gained information about customers' personal email accounts, Reuters reported. Reuters reported last month that Robinhood increased its latest funding round from investors to $660 million, putting its valuation at $11.7

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Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc. To learn more, download the report. There is no denying that the COVID-19 pandemic has rapidly accelerated the global shift toward digital commerce.

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Kroger Reports Data Breach; Customer Data Hacked

PYMNTS

The company then reported the incident to federal law enforcement and did its own investigation into the scope and impact that the hack could have had. Kroger has confirmed it was among the companies affected by the data security incident that hit Accellion , according to a press release.

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Disbursements Satisfaction Report 2020: Monetizing Payout Choice

PYMNTS

These are some of the takeaways of PYMNTS’ Disbursements Satisfaction Report 2020: Monetizing Payout Choice , a collaboration with Ingo Money. Microbusinesses report faring even worse, saying they have choice for only 38 percent of each of these two types of disbursements. .

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How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Reports of my (banks) death have been greatly exaggerated

Chris Skinner

Sure, sure, you’ll immediately go: “but you say that all the time Chris” but, if you check back on what I’ve written, I’ve only ever said that banks will die … The post Reports of my (banks) death have been greatly exaggerated appeared first on Chris Skinner's blog.

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Report: Robinhood Will Go Public On Nasdaq

PYMNTS

Stock trading app Robinhood , which soared to popularity during the pandemic as home-bound young users embraced its low trading costs and game-like interface, will go public on the Nasdaq exchange, CNBC reported. million times, Barron’s reported.

Report 223

Report: Hospitals Turn To Card-On-File Solutions To Fix Payment Collection Pains

PYMNTS

The Digitizing Healthcare Payments Report examines healthcare providers’ technology adoptions, including the solutions that help them reach patients and those that enable them to more seamlessly transact with suppliers and patients. . Read the full story in the Report.

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Adjust report identifies 3 trends in mobile finance to keep an eye on

Mobile Payments Today

In order to answer these questions and more, Adjust has partnered with app Intelligence platform Apptopia to create the Mobile Finance Report 2020

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2020 Database Strategies and Contact Acquisition Survey Report

As buyer expectations continue to heighten, marketing and sales teams are feeling pressured to deliver authentic messaging to buyers at every point of their customer journey. This report aims to highlight the current state of B2B database and contact acquisition strategies, and organizations’ goals to leverage data to fuel their go-to-market strategies in 2020 and beyond.

Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover

PYMNTS

Peer-to-peer (P2P) payment apps have become particularly appealing to consumers during the COVID-19 pandemic, with P2P app Zelle reporting rises in the number of transactions and transactions’ values in recent months.

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NEW REPORT: US, UK Firms Prioritize Innovation To Speed X-Border Payment Flows

PYMNTS

businesses are prioritizing, download the report. Cross-border commerce has become central to the success of countless United States and United Kingdom businesses, many of which are looking abroad for new growth opportunities.

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Report: Instacart Is Mulling IPO

PYMNTS

Representatives of grocery-delivery powerhouse Instacart have met with investment bankers to explore taking the company public, the Financial Times (FT) reported. next year, FT reported.

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Uber Reports Highest-Ever Monthly Bookings

PYMNTS

Uber saw its highest-ever monthly bookings in March thanks to a rise in COVID-19 vaccinations, the rideshare company reported in a Securities and Exchange Commission (SEC) filing on Monday (April 12).

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ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Link reports UK cash use down but withdrawal amounts increase

Mobile Payments Today

Cash use in the UK is down, but LINK, UK's largest ATM cash machine network, reports ATM users have increased the amount of money they're withdrawing

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Report: PayPal Might Buy Digital Currency Startup Curv

PYMNTS

PayPal is in discussions to buy cryptocurrency storage upstart Curv , Bloomberg reported. The discussions are in their nascent stages and might not end up leading to a deal, Bloomberg reported, citing an unnamed source.

Report 269

Report: Robinhood Eyes Potential IPO

PYMNTS

Stock trading and investment platform Robinhood Markets has reached out to financial institutions for positions in an initial public offering (IPO), Bloomberg reported, citing unnamed sources.

Report 180

Citi Report: CBDCs Will Be Part Of ‘Digital Money 2.0’ 

PYMNTS

In a report titled “ Future of Money: Crypto, CBDCs and 21st Century Cash ," Citi’s global research team — including the most senior execs in its FinTech division — posited that Digital Money 2.0 dollar hegemony,” noted the report. We may be on the cusp of a new age in digital money.

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

Lenders Tighten Credit Requirements Amid New Reporting Rules

PYMNTS

consumers to get credit as lenders retreat during the coronavirus crisis, The Wall Street Journal reported. But the missed payments aren’t reflected in their credit scores and are not uniformly recorded on borrowers’ credit reports, the newspaper reported. .

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JPMorgan Employs Machine Learning For Expense Reports

PYMNTS

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Last year, Wells Fargo got rid of a number of employees for lying on expense reports. .

Report 169

Plaid Reportedly Near $13 Billion Valuation With New Funding

PYMNTS

Plaid is reportedly near closing a new investment round that would value the FinTech startup at $13 billion, Bloomberg reported Friday (April 2), citing people familiar with the matter. The reported funding comes just months after Visa opted out of a $5.3

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Report: Reinventing The Bean-To-Bar Chocolate Supply Chain

PYMNTS

The Reinventing B2B Payments Report , a PYMNTS and American Express collaboration, examines how these kinds of strains — as well as the needs to create smooth, remote accounts payable (AP) and accounts receivable (AR) operations — are prompting businesses to re-examine how they transact.

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Why B2B Contact and Account Data Management Is Critical to Your ROI

64% of successful data-driven marketers say improving data quality is the most challenging obstacle to achieving success. Given data’s direct impact on marketing campaigns, reporting, and sales follow-up, maintaining an accurate and consistent database is a top priority for B2B organizations. This latest eBook aims to help marketing leaders understand the impact of data management on their company’s ROI.

Report: JCB Developing Blockchain B2B Payment Product

PYMNTS

JCB is teaming with LayerX , a local company, on the offering, Ledger Insights reported. Not many particulars of the effort were available, according to the report. JCB is a significant player in the payments space in Japan, reporting 141.5

Report: Hackers Hit 2,000 Robinhood Accounts

PYMNTS

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported. Social media saw a deluge of complaints about the attacks, Bloomberg reported.

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Stripe Reportedly Gets $115 Billion Valuation From Investors

PYMNTS

Stripe is reportedly valued at $115 billion by investors in “secondary market” deals, according to a Forbes report, which noted that the amount is more than triple the $36 billion valuation the company garnered at the time of an April 2020 investment from venture firms.

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Report: Price Of Jumia Technologies Expected To Soar In 2021

PYMNTS

Analyses of investor sentiment and other factors point to the price of Nigeria-based online marketplace Jumia Technologies soaring through 2021 and beyond, London Loves Business reported.

Forrester Research Report: How Sales and Marketing Intelligence Drive Improved Business Outcomes

In 2019, DiscoverOrg commissioned Forrester Consulting to evaluate sales and marketing intelligence practices in the B2B space. The primary takeaway? Forrester found only 1.2% of companies achieved a score indicating maturity in data management practices. However, organizations are fighting back - and winning.