Sat.Oct 13, 2018 - Fri.Oct 19, 2018

Visa Accelerates Tokenization Of Credentials On File For Digital Payments

PYMNTS

Visa announced today the commercial expansion of its Visa Token Service for “credential-on-file token requestors.”

This ICU Day, Let’s Aim for Engagement!

Credit Union Geek

I’m a huge fan of the credit union mission and all it contributes to our communities. You’d know that if you’ve read more than a few lines of any previous post. Of course, you’d also know that I’m not afraid to call out things when they could be improved. On that note, I have just […].

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Know Your Country: Keeping pace with the sanctions tsunami

Insights on Business

During the last few months, the current U.S. administration has repeatedly utilized economic sanctions to further its foreign policy objectives.

HSBC Bank USA to Launch Roboadvisor

Bank Innovation

HSBC Bank USA will join the likes of Betterment, and Acorns by stepping into roboadvisor territory. For the task, HSBC has tapped Providence, R.I.-based

SEC Warns Cos To Prioritize Cybersecurity

PYMNTS

The U.S. Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law.

It’s all about the data

Chris Skinner

Just continuing on the theme of how different industries can learn from each other, I used to work for NCR. NCR had several major industries they served: retailers, airlines, telcos and banks.

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Transforming payments and creating new value chains with open banking

Insights on Business

Open banking at its core is about empowering the end customers as the owners of their data and enabling organizations to work together — through APIs — creating new value chains to produce better products and services. It is that simple.

More Trending

How Much Of The Consumer’s Paycheck Goes To Amazon?

PYMNTS

In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking at their receipts after a shopping trip to Whole Foods. Whole Foods is, of course, the organic grocery chain that Amazon bought for $13.7 billion in June 2017.

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Open Banking has arrived, whether you like it or not

Chris Skinner

Ten years ago, I was presenting the concept of Banking-as-a-Service, with the idea that I could find a wide range of plug-and-play software in a cloud-based marketplace, and build my own bank by bringing these pieces of code together into an easy-to-use banking service.

Capitalizing on Open Banking as a catalyst for digital transformation

Insights on Business

There’s a new normal in financial services. Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain.

T-Mobile, with 76 Million Customers, Taps BankMobile for Banking Services

Bank Innovation

BankMobile, the mobile-first bank launched and (still) owned by Customers Bank, appears to have scored T-Mobile as client. BankMobile indicated in a Securities and Exchange Commission filing that it will provide banking products to T-Mobile's 76 million customers in the U.S.

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Tipalti On Automating The Yin And Yang Of B2B Payments

PYMNTS

Call it the yin and yang of B2B payments — inseparable and contradictory opposites. Buyers want to hang onto payables, saving cash in the till until the very last minute. Suppliers, of course, want to collect on receivables outstanding, getting cash into accounts for goods and services provided.

Carrier billing in 2018: Middle East & North Africa

Mobile Payments Today

This market report gives an overview of the mobile payments landscape of the Middle East and North Africa. It covers 10 markets where Fortumo has coverage. These markets are (by population): Egypt, Turkey, Algeria, Iraq, Morocco, Saudi Arabia, Tunisia, United Arab Emirates, Kuwait and Bahrain

Banks can learn from airlines

Chris Skinner

The CEO of Australian bank Westpac says that we could all learn something from the airline industry. I agree, so here’s a learning story from United Airlines. Last week, I was having a moan on twitter about them.

Venmo Hikes Instant Transfer Fee to Cash in on Realtime

Bank Innovation

Remember when P2P app Venmo added an instant transfer, but then said it would charge a $0.25 flat fee for it? Well, now Venmo users will be charged a 1% fee, which could mean more than its flat fee in a lot of cases. It will in fact always be as much or more, since […].

DMG Blockchain Targets Cannabis Supply Chain Traceability

PYMNTS

Blockchain company DMG Blockchain Solutions is rolling out a new supply chain management solution designed for the legal cannabis market. The company announced via press release on Tuesday (Oct.

21 Lessons From Jeff Bezos’ Annual Letters To Shareholders

CB Insights

Today, Amazon is a hugely successful, precedent-breaking company. The online bookseller didn’t turn a profit for six years — today, it’s the second publicly traded company ever to hit a $1T market cap. GET THE 64-PAGE AMAZON strategy REPORT.

Leveraging digital wallets to tap into revenue opportunities

Mobile Payments Today

A recent study conducted by ath Power Consulting revealed that banks and credit unions are the most favored providers of digital payment services. How can financial institutions capitalize on it

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Fintech Service Fragmentation and Innovation Are Just Getting Started

Bank Innovation

Menswear Brands Get An Online Spotlight With Deal-Of-The-Day Platforms

PYMNTS

Small menswear brands, even some that are considered to be medium or large, might face a challenge when it comes to marketing: How do they get in front of consumers?

Things worth reading: 16th October 2018

Chris Skinner

Strategic Decisions Impact Data Breach Protection | POS | Security | Trends | Retail | Customer Experience Strategy

Mobile Payments Today

This infographic looks at some of the strategic considerations and concerns present today regarding data breach protection, including how time is critical, why some firms do not deploy data security measures and what the biggest threats are. Download your copy now

John McCormick Joins Royal Media to Manage Content Production

Bank Innovation

John McCormick, a seasoned content executive, has joined Royal Media as Editorial Director. McCormick comes to Royal from SourceMedia, where he had the same title for 10 years. He was also a longtime senior editor at Ziff Davis.

Venmo Raises Rate For Instant Transfers

PYMNTS

Venmo , the digital payment unit of PayPal , has raised the fee for instant transfers when moving money from their account to a traditional bank account, according to reports.

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Things worth reading: 15th October 2018

Chris Skinner

Don’t miss these IBM sessions at Money20/20

Insights on Business

As we head into Money20/20 next week, I want to make sure you are aware of the best ways to engage with IBM at the conference.

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JPMorgan Widens Lead as Mobile Banking Leader

Bank Innovation

JPMorgan Chase & Co. saw steady increases in active mobile and digital users, according to its 3Q18 earnings report released Friday. It remains the leader among the largest consumer banks in the U.S. in both digital and mobile users by millions of customers. The bank's 32.6

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Supply Chain Management Fuels IoT Investment Boom

PYMNTS

A new study is predicting that Internet of Things (IoT) technologies will see a major boost in investment over the next five years, mostly due to projects in inventory and supply chain management.

Crowdfunding, investing, & listing – DESICO for STOs

Daily Fintech

Interesting times! I am not referring to politics but financial markets both the traditional stakeholders and the disruptors. From Roubini lashing out on the crypto ecosystem, to Morgan Stanley gearing up to trade crypto derivatives, and Circle buying crowdfunding and broker-dealer Seedinvest.

In Celebration of International Credit Union Day

CU Direct

On October 18, credit unions around the globe will be celebrating International Credit Union Day. Celebrated on the third Thursday of October since 1948, this event is an opportunity to recognize the credit union movement’s global impact and influence in local communities around the globe.

Bank of America Improves in Mobile Users, But Falls Short on Digital Sales Goal

Bank Innovation

A few months ago, Dean Athanasia, president of consumer & small business at Bank of America, said his goal for the bank was to drive sales from digital channels up to 50% over the next 18 months. However, the bank has not made significant progress towards that goal yet.

Fraudsters Prize Payment Via iTunes, Walmart Gift Cards

PYMNTS

A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards.

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How learning processes in Artificial intelligence (AI) can improve business decisions

Dataconomy

In today’s IT world, everything is about being fast, flexible and efficient. We work agile, build prototypes and use fast-scaling adoptive cloud infrastructure.

Where Is Saudi Arabia Investing In Tech?

CB Insights

Saudi Arabia has made headlines in recent weeks, following the disappearance of Saudi journalist Jamal Khashoggi. This has led a number of major corporations to back out of the country’s global investment conference, the Future Investment Initiative.

The Future of Banking Is Mobile and ‘Mostly Cashless’

Bank Innovation

The people have spoken. The future of banking is mobile and cashless, or at least “mostly cashless." That’s according to Bank Innovation’s annual State of Banking Innovation survey for 2018. Respondents working at banks, credit unions and finance companies say the three major areas of innovation their firms are putting their money this year are […].

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HSBC Enhances Business Banking With API Suite

PYMNTS

HSBC is rolling out a suite of application programming interfaces (APIs) to support FinTech collaboration and enhance its corporate financial service offerings. In a press release Monday (Oct. 15), HSBC U.S.

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IOTA to power biometric authentication system by IAMPASS

The Paypers

(The Paypers) IOTA Foundation has announced that IOTA’s Tangle Technology will be used to power a new biometric authentication system by IAMPASS