Sat.Aug 01, 2020 - Fri.Aug 07, 2020

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The great digital migration: 78% of consumers are changing payment methods

Payments Dive

Visa's Back to Business global study reveals small businesses and consumers, from around the world, that may initially been reluctant to adopt digital technology are now embracing it. But will this digital landscape remain in place for the future?

Study 448
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Technology and Fun Merge at Perficient’s Lafayette Delivery Center

Perficient

Meet Some of Our Perficient Colleagues from Lafayette, Louisiana. “I work in the QA practice for Lafayette Delivery Center (LDC). I have worked in Quality Assurance (QA) lead capacity for multiple clients. I have helped setup Automated Testing framework and best practices. I also work with QA Center of Excellence at LDC and host the QA workshop.” — Surabhi Nigam, Senior Technical Consultant.

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Things worth reading: 3rd August 2020

Chris Skinner

Things we’re reading today include … Bakery manager sacked for using own bank card to help elderly customers blocked from paying with cash Lloyds bank manager ‘sacked for helping customer open mail’ Monzo’s losses double as popular UK digital bank warns of pandemic uncertainty Canary Wharf Group recalls staff to … The post Things worth reading: 3rd August 2020 appeared first on Chris Skinner's blog.

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A How-To Guide for Monetizing Open Banking

Accenture

In my last post, I shared the two emerging business models that are powered by Open Banking: banking as a platform and banking as a service. The future of any Open Banking offering will depend on the value it provides or the monetization options it creates. Participants can bundle or unbundle offerings and services.

How To 374
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Creativity and innovation will be the post-pandemic keys to customer retention

Payments Dive

Once the world has transitioned into a post-pandemic phase, businesses that realize health and safety will still be paramount to customers will be the ones determined to find creative and innovative ways to maintain and retain customers.

More Trending

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Wirecard Linked To Mafia Money Laundering

PYMNTS

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). The paper cited documents and “Italian legal sources” in its story about the organized crime syndicate ’Ndrangheta and CenturionBet, an online gaming company based in Malta.

Regional 362
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How to drive the in-vehicle payments experience

Accenture

Consumer spending over connected-car platforms is expected to reach $265 billion by 2023. But will that benefit all players—or just the ones that carve out a definitive competitive advantage? Picture this: It’s a sunny Saturday morning and you and your family are buckled into the car for a day out. “Find the nearest gas station,”…. The post How to drive the in-vehicle payments experience appeared first on Accenture Banking Blog.

How To 318
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The great digital migration: 78% of consumers have changed payment methods

Payments Dive

Visa's Back to Business global study indicates small businesses and consumers from around the world that may originally been reluctant to embrace digital technology, now utilize it. But will this digital landscape remain in place for the future?

Study 370
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Step-by-step Guide On Calling Google Map Javascript API For Beginners 2020

Perficient

This is a step-by-step tutorial to call Google Map through API for people with little experience in Javascript. If you are familiar with the language, you should be able to follow along the instructions in the Google Maps Platform without a hitch. This post is perfect for those who just want to follow along in order. Here is the link to Google Maps Platform for reference: [link].

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Retailers Using Chapter 11 To Break Lease Agreements

PYMNTS

Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. The news site named Neiman Marcus Group Inc, Brooks Brothers Group Inc, J.C. Penney Co., J. Crew Group Inc. and the owner of Ann Taylor as companies looking to use this protection to avoid lease renegotiations and even back out of rent obligations altogether.

Retail 354
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The Finanser’s Week: 27th July 2020 – 2nd August 2020

Chris Skinner

The main blog headlines are … What’s the impact of coronavirus on FinTech? Someone asked me what the coronavirus pandemic means for the future of FinTech. I guess they thought that not much is happening and many firms will shutter and close. However, some may think that times are dull … The post The Finanser’s Week: 27th July 2020 – 2nd August 2020 appeared first on Chris Skinner's blog.

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The Advantages of Utilizing Point-of-Sale Mobile Payment Technology

Payments Dive

Any business can now conveniently accept mobile payments, which has become an invaluable part of many businesses’ services and operational workflow.

Mobile 318
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Mobile Solutions for B2B Medical Sales

Perficient

B2B medical sales involve the purchasing of medical supplies, including personal protection equipment (PPE) such as masks, gloves, goggles, and face shields, and typical customers are labs, hospitals, clinics, manufacturing companies, and clean rooms. These products protect the wearer from their environment where infection, disease, or dangerous chemicals may be present.

Mobile 352
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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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What Digital Banks Are Doing Right

PYMNTS

The past several years have been good times for digital banking players popping up to challenge traditional brick-and-mortar financial institutions for market share, but recent months have accelerated that trend into overdrive. Consumers worldwide are realigning their entire lives around digital — and looking for financial services providers to meet their new, emerging lifestyles.

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More advisory trust can give bank revenue a 9% boost

Accenture

In my last blog, I pointed out that low advisory trust is the underlying cause for five percent of banks’ retail revenues being at risk. To address this threat and grow their business, banks need to build customer trust and create win-win relationships that endure over time. For starters, banks can sustain the understanding, empathy,…. The post More advisory trust can give bank revenue a 9% boost appeared first on Accenture Banking Blog.

Retail 222
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How the major card networks are planning to survive the pandemic

Payments Source

The major card networks have heavily invested in broader services as transaction processing loses its luster, a strategy that’s provided a ray of hope as retail and travel industries remain sidelined.

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Don’t Miss Out on DevOps World 2020

Perficient

DevOps World by CloudBees brings together thought leaders, practitioners, project contributors, and the entire DevOps ecosystem into one global, virtual event. By attending, you’ll have the opportunity to learn, explore, and help transform the future of software development and delivery. The event takes place Sept. 22-24, with a day of hands-on workshops on Sept. 25.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Coinstar CEO On The Ongoing Journey To Digitize Cash (And Turn It Into Crypto)

PYMNTS

The great digital shift, along with the pandemic, has brought all manner of activities into the virtual realm — most notably, of course, commerce itself. To that end, as Coinstar CEO Jim Gaherity told PYMNTS, the stage is becoming increasingly set for currency — the literal cold, hard stuff of bills and coins — to be rendered in bits and bytes. The evolution — beyond sorting coins stored in proverbial piggy banks and coffee cans and toward bill pay and commerce, all in a self-service environment

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Fund managers must accelerate digital transformation to overcome this crisis

Bobsguide

For fund managers battling against the fallout from the pandemic, the need for fundamental digital transformation has never been more urgent.

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As gamers shelter, fraudsters get to play

Payments Source

Video games provide a rare escape to locked-down consumers, and many modern games are so sophisticated that they support their own digital storefronts — with the potential for real-world losses if fraudsters find a way in.

Video 196
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Exploring the Sling Feature Model: Part 2 – Composite NodeStore

Perficient

In my previous post Exploring the Sling Feature Model , I described the process of migrating from a Sling Provisioning project setup to a Sling Feature Model project. Now that we have the Sling Provisioning Model project converted, we can move on to the fun stuff and create a Composite NodeStore. We’ll use Docker to build the Composite Node Store in the container image.

Examples 340
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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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Western Union CFO On Q2 And The New-To-WU Consumers’ Big Digital Shift

PYMNTS

Western Union (WU) reported Tuesday (Aug. 4) that while second-quarter revenues fell for much of its business, WesternUnion.com’s average monthly active customers shot up 45 percent year over year. Chief Financial Officer Raj Agrawal told PYMNTS that Q2’s digital growth was “unbelievable.”. Agrawal said the company’s digital operations have grown not just in terms of dollar amounts, but also in terms of how many new customers the pandemic has brought in.

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Tracking the accelerating technology transformation

Bobsguide

It’s rapidly become a platitude that financial services will look utterly different post-crisis. At Broadridge we wanted to understand in more detail the views of financial services leaders at this juncture. We surveyed c-suite executives and their direct reports from 500 financial.

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Best Practices for Managing Credit Risk in Recession

Abrigo

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. Loan grading will need to be tweaked and specific sectors may need to be treated differently in the face of a recession.

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Microsoft Teams Updates (August 2020)

Perficient

Another month, another slew of Teams updates! In this blog, we’ll cover all of the features that Microsoft has recently announced for the month of August which covers a wide range of cool new capabilities! Without further ado let’s see what exciting news Microsoft has for us this month! Meetings, Calling, & Devices. Multi-window meetings and calling experiences.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.