Study: COVID-19 Fraud Reaches $100M

PYMNTS

Maine led the pack, where monthly complaints of coronavirus scams and identity theft quadrupled from March through July, the study said. SocialCatfish.com, the identity verification nonprofit, reported U.S.

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Study Shows Americans Struggling As Savings Dry Up

PYMNTS

University of Chicago economist Peter Ganong studied the data and told the New York Times that American are surviving on the leftover crumbs from the CARES Act as the country heads into the holiday season and winter weather.

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Telekom Slovenije Google Play & Fortumo case study

Mobile Payments Today

Telekom Slovenije Google Play & Fortumo case study: doubling Google Play spend limits

Singapore Case Study: One Wallet. Multiple Uses.

Mobile Payments Today

This case study focuses on how Telepin was able to help a large Signapore telecommunications company provide mobile financial services to an economically diverse clientel

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Study Reveals Consumers’ Mobile Shopping Behaviors

PYMNTS

However, according to the Remote Payments Study conducted by PYMNTS in September 2018, behavior habits are shared by consumers based on income, age and gender. Mobile Commerce consumer behavior mcommerce Mobile Payments Mobile shopping News Payment Methods Remote Payments Study Retail SmartphonesConsumer dependence on smartphones is often derided as a distraction, but they have also become a vital mobile shopping and buying tool – whether in-store or from a living room sofa.

Study 194

Study finds mobile surpasses PC enrollments

Bank Innovation

According to a study from IDology, an identity verification and fraud prevention company, 61% of Americans used a smartphone to enroll in some sort of an account this year, while 56% used a computer or laptop. The study also found a 19% jump […]. Mobile enrollments made some major leaps this year, surpassing even computer enrollments.

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FSS Digital Banking Case study

Mobile Payments Today

Engaging customers over digital channels has become table stakes in financial services, A leading bank in India has deployed Mobile Pay, our Digital Banking Solution, to build an expansive partner ecosystem to engage customers and achieve services differentiation

Brainard says Fed studying potential for US digital currency

Bank Innovation

central bank is studying the feasibility of a digital currency, said Federal Reserve Governor Lael Brainard. The U.S. Given the dollar’s important role, it is essential that we remain on the frontier of research and policy development regarding” central bank digital currency, or CBDC, Brainard said Wednesday in the text of a speech prepared for […].

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New Study Shows Retailers Are Stepping Up For Safety

PYMNTS

With the most recent COVID-19 studies from PYMNTS reinforcing the need for health and safety in the retail world, some retailers are stepping up to accommodate consumers’ concerns. Drugstores excelled at providing protective barriers at checkout (92 percent of locations examined) and were at parity with the grocery industry, the study found. The PYMNTS studies suggest that the 90-day estimate may be conservative.

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Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.

Case Studies in Loan Restructuring

Banker to Banker

We have been writing on the various strategies available to community banks when structuring commercial loans in this current challenging business and credit environment. With the flat and low yield curve, we have discussed how banks may offer commercial loans through the ARC hedge program using two different strategies: 1) embedded floors, and 2) forward starting floaters

EasyPark & Fortumo case study: carrier billing for mobile parking

Mobile Payments Today

This case study looks at how Europe’s leading provider of digital parking services EasyPark implemented Fortumo’s carrier billing platform to collect payments from drivers

Aftonbladet & Fortumo case study: direct carrier billing for digital publishers

Mobile Payments Today

This case study looks at how Aftonbladet (part of Schibsted Media Group) uses telco solutions for subscriber and revenue growth

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Credit Unions Consumer Spending Coronavirus COVID-19 credit cards credit union service organization debit cards News PSCU Retail study What's Hot

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Banks not meeting needs of SME clients, Forrester study says

Bank Innovation

As big banks focus on attracting more small business clients, they should be leaning more on digital than human, according to a recent Forrester Research study. Peter Wannemacher, principal analyst at Forrester and an author of the study, said banks should be investing more in digital services that make onboarding processes simpler for their small […].

PYMNTS Study Tracks COVID-19 Changing Life In America

PYMNTS

The first study in the series went into the field on March 6-7 and revealed that the public had moved with greater speed than government health officials by engaging in protective behavior that was more stringent than official guidance in the early weeks. Coronavirus Navigating The COVID-19 Pandemic News pandemic study

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Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack

PYMNTS

In the scenarios offered in the study, one assumption is that an attacked institution receives payments but is unable to send them for a single full day. Safety and Security cyberattacks Cybersecurity Editors' Picks federal reserve News report study wholesale paymentsA pre-mortem analysis sounds … ominous. Mortem, after all, is Latin for “dead.” And the term is attached to a report from the New York Federal Reserve detailing the dangers of cyberattacks.

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Banks struggling to maintain profits amid payments transformation: Study

Mobile Payments Today

A report by Aite Group shows that banks are struggling to turn a profit on their existing payments business, amid an industrywide transition to a real-time payments environment. Banks will be forced to make significant changes in how those businesses continue to operate moving forward

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Five Essential Pieces of a Prospecting Solution

As organizations chase new revenue targets, B2B sales leaders must examine cutting edge prospecting solutions that proactively help reps identify, connect with, and close qualified buyers faster. This eBook aims to help B2B sales leaders better understand the five essential features your prospecting solution must include.

Study: Google Grows Market Share In Europe Despite Anti-Competition Order

PYMNTS

Despite an order from the European Union ’s antitrust watchdog to curb its anticompetitive practices, Google continues to boost its market power, according to Reuters , which cited a study released Monday (Sept. In response, Google said the figures in the study ignore the facts.

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Tigo Case Study: Seamless Transition to Faster Service

Mobile Payments Today

Read the full case study to learn how In Tanzania, Telepin transparently replaced an existing mobile money platform and helped Tigo Tanzania drive revenue growth — actually doubling Tigo Tanzania’s transactions per second, and provided them with a platform that can support their growth.

When the banks closed, no-one cared

Chris Skinner

Case Studies Crisis Digital Bank Fintech GridA great headline posted in The Financial Times the other day: When the banks closed in Wuhan, nobody cared The Financial Times article makes clear how advanced the Chinese economy is today.

Valyou Case Study: On a mission to empower migrant workers

Mobile Payments Today

Find out how with the first year of their platform launch, Valyou saw 66% growth in their customer base, and now entering its third year of operation, has never had a moment of downtime

Compliance Concerns Remain an Obstacle to Tech Upgrades, Study Finds

Bank Innovation

Indeed, in a study released by Fenergo, the client lifecycle management software company, one of every five C-suite executives don’t think their bank’s technology allows them to invest in disruptive innovation. Despite the importance bank executives place on innovation, a significant number believe their banks lack the technology to invest in disruptors.

Study Puts Values To Online Data, Privacy

PYMNTS

A study of how consumers in different nations value their personal data found that German users of Facebook would want the company to pay them roughly $8 a month for providing their contact data. The Technology Policy Institute (TPI) study is the first that aims to define the value of online privacy and information. The study determined that Germans want more payment for allowing tech platforms to share data with other parties and American consumers came after.

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Citi study shows mobile banking is vital to consumers

Mobile Payments Today

Of the 2,000 U.S. adults surveyed, mobile banking app use ranked third (31 percent) behind only social media (55 percent) and weather apps (33 percent), respectively

Study 257

Why It Is Critical to Update Your Core Deposit Study

Abrigo

Time to update to the core deposit study? If you are one of the lucky institutions having already completed a core deposit study, you have your own decay rates (deposit attrition) and repricing coefficients (beta factors), which describe how deposits would behave and reprice in different interest rate scenarios. There are a number of reasons why financial institutions should update their core deposit studies.

Study 150

Mitek Study Criticizes Banks for Charging for Remote Deposit Capture

Bank Innovation

Earlier last week a study was released by Mitek that ranked fifteen of the world’s banks from best to worst in one teeny tiny category: customer experience with the banks’ mobile deposit features. In this one category—which was somehow broken down into 51 sub -categories when the data was analyzed—Capital Read More. Mobile Online Payments Technology

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Case Study: Access Cash

ATM Marketplace

Discover how leveraging Perativ’s software resulted in 42% less cash required in float, 20-30% less CIT visits/costs, and 75-90% less FTE in the cash distribution network for Access Cash – a leading ATM provider

Fed Study: Noncash Payments Fraud Outpacing Growth Overall

Bank Innovation

outpaced growth in noncash payments overall between 2012 and 2015, according to a Federal Reserve Payments Study released this week. The study’s survey of depository institutions found noncash payments fraud increased 37%, from $6.1 Noncash payments fraud in the U.S. billion in 2012 to $8.3 billion, in 2015. Meanwhile, over the same period, total noncash payments […].

Study 150

Volocopter, Grab Partner On Air Taxi Study In Southeast Asia

PYMNTS

German urban air mobility startup Volocopter is partnering with ridesharing and payments startup Grab to launch a joint feasibility study to bring air taxi services to Southeast Asia, Volocopter announced on Tuesday (Feb. The joint air taxi feasibility study is being done as part of a Memorandum of Understanding (MOU) to explore urban air mobility solutions in the region’s megacities. Joint flight tests will be studied for best-use cases.

Study 168

UPS Study: eCommerce Changes Customer Habits

PYMNTS

According to a new study put out by UPS, eCommerce isn’t just changing the “where” of commerce activity for Americans — it is also shifting much of the “how” and the “why” as well. The UPS Pulse of the Online Shopper study indicates that 51 percent of all purchases made by respondents were made online — a 4-percent increase from last year, when that figure was 48 percent. Retail UPS study

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Commercial risk rating: Case study

Abrigo

At a recent Sageworks event, we discussed a specific case study regarding components of risk rating for a particular business loan to see how the institutions in the audience would have handled a particular scenario. Working through this case study, the experienced bankers at the Sageworks event had a mix of responses that factored into these recommendations. Banks and credit unions are in the business of measuring and managing credit risk.

Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case Against Google

PYMNTS

Study Shows Americans Struggling As Savings Dry Up. In today’s top news, Americans are struggling as savings accounts run dry, and several states are preparing their own antitrust probe into Google. Plus, Amazon reported that third-party sellers garnered over $3.5 billion in Prime Day sales.

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