State Regulators Report: Money Services Firms Handled $1.2T In 2017

PYMNTS

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments.

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NEW REPORT: Retailers Face An Augmented Reality Check

PYMNTS

To read the feature story and get a close look into how AR is laying the foundation for retail’s next state of evolution, download the new Digital Consumer Report. Augmented reality (AR) has long been associated with games like Pokémon Go and Zombies, Run!

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Acorns Reportedly Seeks Over $100M In Funding

PYMNTS

Through a reported funding round, digital wealth management startup Acorns Grow Inc. Such a round could potentially provide the company with a valuation of more than $700 million, Bloomberg reported. The reported round was not included in their estimate.).

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NEW REPORT: Are AI And ML Actually Transforming Retail?

PYMNTS

To learn more about how businesses are leveraging AI and ML technology to optimize their customer experience, click here to download the report.

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NACHA Reports Faster Payments Playbook Details

PYMNTS

NACHA’s Payments Innovation Alliance released a report with details from its first formal in-person meeting of the Faster Payments Playbook Project Team. served as an opportunity for the team to provide reports on their work.

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NEW REPORT: How X-Border Receivables Save Rhinos

PYMNTS

In fact, a recent report found 75 percent of surveyed merchants had walked away from a cross-border business opportunity due to fear of non-payment from a global trading partner. For a roundup of the latest notable news and trends in the cross-border receivables space, check out the report.

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Investigators Reportedly Contact Banks In Danske Case

PYMNTS

Investigators have reportedly contacted Bank of America Corp. has also reportedly been asked questions by investigators from the Justice Department, Bloomberg reported Friday (November 16).

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NEW REPORT: Is Security Holding Omnichannel Banking Back?

PYMNTS

In the inaugural issue of the Omni Security And Authentication Report , PYMNTS explores how banks are using technologies like artificial intelligence (AI) and neural networks to identify and build customer profiles and safeguard themselves and their customers against the rising threat of fraud.

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Head Of UK’s Financial Reporting Council Quits Amid Scrutiny

PYMNTS

s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent corporate accounting scandals and industry failures. Reports in Reuters on Friday (Nov. Reports said Kingman is expected to complete the review by the end of the year. The CMA’s report is expected to be published by the end of the year as well, reports said. The head of the U.K.’s

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Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward.

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Sears Reportedly Working On Bankruptcy Filing

PYMNTS

Facing a large debt payment, Sears Holdings is reportedly working with boutique consulting firm M-III Partners to prepare a bankruptcy filing. 9), Sears reportedly brought on a new director, Alan Carr, who is a restructuring expert.

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Carl Icahn Reportedly Invests In Dollar Tree

PYMNTS

Following reports that billionaire investor Carl Icahn is creating a sizable stake in Dollar Tree , shares of the discount store chain jumped. 16) at $86.50, the New York Post reported.

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NEW REPORT: How Smarter Payments Build Smarter, Safer Marketplaces

PYMNTS

Download the report to read the feature story, the Deep Dive and the headlines.

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Bottomline Technologies Reports 15 Pct Subscription and Transaction Growth

PYMNTS

The company said in earnings details reported Thursday that it saw growth of 20 percent in its established products segment, where transaction and subscription revenues were $54.1

NEW REPORT: How AI And AR Give Makeup A Makeover

PYMNTS

The latest edition of the Omni Developer Report highlights the solution providers and retailers from around the space that are looking to introduce mobile commerce solutions to quickly capture consumer dollars, and loyalty. To read the full story, download the report above.

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D&B Links AR Data To Business Credit Reports

PYMNTS

Business Credit Reports (BCR) announced it has added Dun & Bradstreet ‘s Payment Performance Insights to its business credit solution. BCR is the largest independent provider of credit information on businesses around the globe, offering multi-bureau reports, including Experian , Dun & Bradstreet, Equifax , Graydon, Creditreform and Ansonia information.

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New Internet Of Things Report Out

PYMNTS

That’s according to a new report out this week. . Which is why this report may seem like a no-brainer, but the important part is the impressive data. The new report covers the present situation compared to the potential growth of the IoT, taking into consideration the market size, as well as applications and services. Internet of Things america APAC EMEA IoT report TrackerFrom now until 2020, the global Internet of Things is expected to grow at a CAGR of 36 percent.

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FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold

PYMNTS

In addition, FinCEN is requiring for purchases via virtual currencies to be reported. Earlier this year, it was reported that FinCEN would be keeping a closer eye on cryptocurrency because it was receiving 1,500 complaints per month about suspicious activity.

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Report: 64 Percent Of Countries Have Money Laundering Risk

PYMNTS

Amid the headlines detailing the billions of dollars in money laundering done through conduits like Danske Bank and Deutsche Bank, among others, a report shows that the problem is a global one — and that it is getting worse.

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FTC: Fair Credit Reporting Act Still Top Priority

PYMNTS

The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. She noted that FTC has brought more than 30 actions to enforce the FCRA against consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies. Regulation consumer protection data security Fair Credit Reporting Act FTC Maneesha Mithal News Senate Banking Committee What's Hot

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Apple Reportedly Calls Off iPhone XR Production Boost

PYMNTS

In a bid to call off a production boost for the iPhone XR, Apple has reportedly told Pegatron and Foxconn to stop plans for more production lines for the phone. With the new outlook, Foxconn might make 100,000 fewer phones each day, the Nikkei Asian Review reported.

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Carrier billing in the Nordics: 2018 market report

Mobile Payments Today

This market report gives an overview of the mobile payments landscape in the Nordic countries: Sweden, Denmark, Finland and Norway

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Apple No Longer Reporting Unit Sales Of iPhones, Macs, iPads

PYMNTS

Apple announced Thursday (November 1) in conjunction with its fiscal fourth-quarter earnings report that it will no longer report how many iPhones, Macs and iPads it sells each quarter.

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NEW REPORT: The Payments Innovation Guide To Going Global

PYMNTS

Additional findings in the report include the following: 53 percent: Alipay’s share of the Chinese mobile payments market. To learn more about how companies can leverage local payments rails to optimize their business opportunities abroad, click here to download the report.

NEW REPORT: With Canvas, Ford Test Drives Auto Rental Subscriptions

PYMNTS

The Subscription Commerce Tracker , powered by Recurly , is a bimonthly report that explores how companies use subscription-based commerce to build long-term customer relationships and steady revenue sources.

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New Report: Who’s Using Same-Day ACH And Why?

PYMNTS

Zero FIs have reported an increase in fraud due to SDA products. For all the latest findings, analysis and trends, please download the report by clicking the button below. About the Report.

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Sears’ Lampert Will Not Fund Bankruptcy Financing Package: Report

PYMNTS

Now, for Sears, comes the bankruptcy process — and as reported on Monday (Nov. The deal could come this week, the report said. Sears is talking with investment firms to gain $450 million in “bankruptcy financing in exchange for key collateral,” the report said.

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FBI Urges Caution On Chinese Amazon/Apple Hack Reports

PYMNTS

The companies named in the report have denied the allegations. FBI Director Christopher Wray had this to say about recent allegations that spy chips from China had been placed into servers owned by tech giants such as Apple and Amazon : “Be careful what you read.”.

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NEW REPORT: Bringing Spend Management Tools To The Workforce

PYMNTS

The report examines flexible workforce tools, and how they are working to streamline workforce tracking and reduce reliance on expense reports, paper checks and cash.

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Trump Wants SEC To Consider Half-Year Earnings Reports

PYMNTS

President Donald Trump has reportedly asked the U.S. Securities and Exchange Commission ( SEC ) to consider the impact of nixing required quarterly earnings reports in favor of half-year reports. Reports in The Washington Post on Friday (Aug. ” “We are not thinking far enough out,” the President said Friday morning in front of reporters.

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CFOs, Buried In Data, Struggle With Financial Reports

PYMNTS

CFOs are struggling to keep up with how quickly the requirements for financial reporting are changing, researchers have found. EY researchers released new data this week that concluded CFOs and financial controllers are struggling to keep up with the pace of change when it comes to corporate reporting standards and demands. “Until reporting catches up with technological advancements, it will continue to be compromised.”

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CBIZ Reports Fall In SMB Hiring For September

PYMNTS

New data from CBIZ Small Business Employment Index (SBEI) reported a month-over-month decrease in hiring of 2.45 This report comes on the heels of a trend-defying August report, which suggested that small business owners increased hiring in light of strong economic momentum driving growth.

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HBO’s John Oliver Rips Into Credit Reporting Agency Errors

PYMNTS

Well, HBO’s John Oliver, who kicked off his segment about credit reporting agencies with that simple reminder dug into the industry to show why that vision has gotten skewed in recent years. One in four had an error, he noted, and 20 percent of reports ran were wrong.

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In Semi-Annual Report, Mulvaney Says CFPB Too Powerful

PYMNTS

In the first Consumer Financial Protection Bureau (CFPB) semi-annual report issued under acting director Mick Mulvaney’s watch, the newly installed agency head stated the CFPB is “all too powerful.”. The Dodd-Frank Act , wrote Mulvaney in the introduction to the report, pointing toward the structure of the CFPB itself. Mulvaney’s third recommendation, according to the report, “is to ensure that the director answers to the president in the exercise of executive authority.”.

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FICO Changes Reporting Data

PYMNTS

Good news is ahead for those suffering from low FICO scores — according to reports this morning, civil judgements and tax liens will by and large be coming off of consumer credit reports. The move comes after years of critiques of the credit agencies for reporting information falsely that has a negative effect on consumer credit. The change will apply to new tax lien and civil judgment data that are added to credit reports as well as existing data on the reports.

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NEW REPORT: ChowNow CEO On Securing Order-Ahead

PYMNTS

Quick-service restaurants (QSRs) are working to draw in more mobile consumers and bring in the larger ticket orders common among mobile order-ahead purchases. Achieving this means taking a proactive approach to drawing customers to the apps — then keeping them loyal.

Trump Hotels Reportedly Breached

PYMNTS

Krebs on Security reported that the hotel properties may be “dealing with another breach of its credit card systems,” citing banking industry sources. As was reported last summer, a series of banks suspected a breach occurred at a number of Trump properties; it was later confirmed in Oct.

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NEW REPORT: Why International Students Must Major In X-Border Tuition Payments

PYMNTS

Introducing the brand-new Global Payments Architecture Report, a bi-monthly publication that delves into the latest developments transforming the education, healthcare, import/export and other B2B markets. About the Report . Many U.S.

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JPMorgan Reports Growth In Card Spend, Mobile Users

PYMNTS

According to reports , the company said that average core loans were up 6 percent year on year, a tally that excludes corporate and investment banking activity. JPMorgan posted results on Friday (Oct.

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NEW REPORT: Can APIs Be The Great Credit Equalizer?

PYMNTS

The rivalry that banks and FinTech firms might have experienced in the past now appears to be behind them. Both sides of the financial landscape appear ready to collaborate, with APIs acting to bridge the divide and to facilitate financial innovations.

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NEW REPORT: QSRs Must Look Beyond Mobile To Win Connected Consumers

PYMNTS

The quick-service restaurant (QSR) industry is on track to continue a decade and a half’s worth of growth this year, with consumers projected to spend more than $256 billion at burger joints, sandwich shops, pizza parlors and other QSRs by the end of this year.

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NEW REPORT: Buzz Vs Reality — Measuring The AI Gap In Payments And Banking

PYMNTS

To learn more about how banks are using AI and ML systems, and about how these systems are improving their operations, download the report here. “Artificial intelligence” (AI) may be a financial industry buzzword, but how many banks actually use it?

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The future of money (research report)

Chris Skinner

I just got a report from J Walter Thompson on the future of money and there’s some interesting facts and stats. Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials … The post The future of money (research report) appeared first on Chris Skinner's blog.

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