Payments Dive

JUNE 9, 2020

PPRO takes a future view of how COVID-19 may permanently change the payments landscape.

Payments 478

Payments 478

Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. The MSLP was introduced in April, but the scope of the program has changed several times to increase participation. The latest changes include lowering the minimum loan size, raising the maximum loan size, extending the maturity of each loan option, and increasing participation from the Reserve Bank.

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PYMNTS

JUNE 12, 2020

As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks.

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Mobile Digital Banking Fraud Security 313

Chris Skinner

JUNE 7, 2020

There’s no logical reason for this, but I’ve decided the second week of June is women’s week. It’s a week to celebrate diversity, or the lack of diversity, in finance and technology. So, this week’s blogs are all about women and finance and technology. To start with, let’s look at … The post Are banks too full of testosterone?

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Technology 104

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Groups

Perficient

JUNE 8, 2020

With many US cities emerging from lockdown, businesses are considering their next moves, but some fear their window to act has passed. Even with lockdown restrictions loosening, re-entry into the world isn’t going to happen overnight, and even when it does happen, how people make their way in the world has changed forever. Reopening has started.

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Operations Course Examples US 452

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily process a digital payment the same way.

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blockchain cryptocurrency Maine National 338

Chris Skinner

JUNE 8, 2020

I blog about so many things. Sure, most of the time it’s FinTech, banking and technology. Sure, most of the time it’s about the future, the outlook, the ideas. But quite often I find myself returning to topics that I’m passionate about: diversity, equality, inclusion, climate protection, the future, our … The post FinTech can’t tackle financial services without tackling its diversity problem appeared first on Chris Skinner's blog.

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Fintech Technology 397

Perficient

JUNE 9, 2020

Many times while working on a project you might encounter a situation where you need to add the same type of structure is to multiple pages. To get accomplish this, you need to add the same piece of code again and again. This use to be a struggle many developers dealt with during site builds. Now, we can get rid of this repetitive task by using Sitecore’s “HTML snippet feature with Rich Text Editor”.

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System Examples 362

Accenture

JUNE 9, 2020

In my previous posts in this series, I talked about the importance of getting technology, security, operating models and governance right when navigating the Open Banking journey. An equally crucial factor is the activation of the ecosystem. Open Banking requires and depends on partnerships—from suppliers to business collaborators and from vendors to customers.

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Security Operations Technology Customer Experience 222

Advertiser: ZoomInfo

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.

Analysis

PYMNTS

JUNE 7, 2020

Chuck E. Cheese , the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. The chain has also approached lenders in the past few weeks to feel out possible interest in a $200 million loan to help pay for a stay in bankruptcy, a source said, as reported by WSJ.

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Payments America Report Capital 267

Chris Skinner

JUNE 11, 2020

In a final perspective around women and technology and finance, I welcome the thoughts of Ron Shevlin, the snark himself. In a recent article on Forbes, Ron wrote about what women want from banking. The research his company Cornerstone produced some interesting results. Enjoy … The Four Things Women Want … The post What Women Want (From Financial Services) appeared first on Chris Skinner's blog.

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Technology Company 77

Perficient

JUNE 8, 2020

The COVID-19 pandemic has been a trying time for people across the world and has brought uncertainty and fear into the lives of many. However, even in these difficult times, there are always people who find ways to bring a little light and make a difference in any way they can. Our Chicago team members fit right into this category when they dedicated a night to making masks for themselves and their friends and families.

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Chicago Community Security How To 340

Accenture

JUNE 12, 2020

Key themes In Q1 2020, the impacts of COVID-19 on issuer earnings were still relatively mild in terms of portfolio growth and losses. However, charge-off reserves spiked due to expected future losses, which caused negative returns for most issuers. YoY growth in receivables for Q1 2020 was modest at 1.9%, and below the 4% YoY…. The post Q1 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog.

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US Cards Payments 195

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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.

Lending

PYMNTS

JUNE 12, 2020

Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit

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Cards Payments Mobile 265

Chris Skinner

JUNE 10, 2020

I spotted a really interesting analysis of cash and bank notes the other day. For those who follow this blog, you’ll know that I love bank notes. I collect them. Each country has different coloured bank notes with different art on its cash that reflect their ethos and society. In … The post Cashing in on women appeared first on Chris Skinner's blog.

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Analysis Payments 76

Perficient

JUNE 7, 2020

Consensus, getting distributed processes to agree on a single value, is a fundamental problem in computer science. Distributed processing is difficult. In fact, there are logical proofs that show pretty conclusively that there won’t be a single perfect algorithm for handling consensus in an asynchronous system made of imperfect nodes. As long as there is the possibility of a fault, there is a certainty of a problem.

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blockchain Bitcoin System cryptocurrency 340

Abrigo

JUNE 10, 2020

Key Takeaways The recent case where a former top risk officer was fined reminds financial institution executives and BSA professionals of the personal liability tied to implementing and maintaining effective AML programs. The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Adequately staffed and risk-focused AML resources with good documentation are critical.

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Resources Regulation Compliance Policies 195

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Operations

PYMNTS

JUNE 10, 2020

TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. The EU’s investigative unit will form a task force to examine TikTok’s activities across the 27-nation bloc following a request from a lawmaker concerned about its data collection and its security and privacy risks. EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR).

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Policies Data social media Video 253

Chris Skinner

JUNE 7, 2020

Things we’re reading today include … You may be in love, but you should always have your OWN bank account Bank boss tells lenders to be ready for no-deal Brexit Digital IDs could end the need for in-bank visits and banish passwords £36bn of government-backed loans will be toxic, taskforce … The post Things worth reading: 8th June 2020 appeared first on Chris Skinner's blog.

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Perficient

JUNE 12, 2020

“Perficient is a recognized leader in the digital consulting space, and I’m thrilled to be joining a team whose pride for their people is so immediately apparent,” shares Andrea Lampert , Vice President of People at Perficient. “In addition to the tremendous pride, there is a true service mentality and really smart people doing amazing work.”.

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St. Louis Leadership Strategy United States 332

Abrigo

JUNE 9, 2020

Banks and credit unions closed their lobbies and branches amid shelter-in-place orders in response to the coronavirus pandemic. Financial institutions that had already made the shift towards digital offerings found themselves with a distinct advantage to serve their customers and members. Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers.

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Technology Lending Compliance Data 195

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Analysis

PYMNTS

JUNE 11, 2020

Singapore-based cross border-payments platform TranSwap will partner with Currencycloud , which provides B2B embedded cross-border solutions, to let businesses collect and hold numerous currencies in the U.S., U.K., EU and other countries, a press release states. By using Currencycloud Spark, TranSwap will be able to offer the Global Borderless Virtual Account (GBVA) to customers, enabling funds to be held in 34 currencies and allowing more flexibility for cross-border payment solutions, through

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Regional Payments Management Marketing 249

Chris Skinner

JUNE 9, 2020

I was recently asked to respond to the idea that men are not supporting diversity enough. It was for a blog update by Darren Franks on his website talentinthecloud.io. Of course, I said yes. Here’s the result … FinTech needs more men! Yes, you read this right, the FinTech sector … The post FinTech needs more men! appeared first on Chris Skinner's blog.

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Fintech Course 329

Perficient

JUNE 11, 2020

Over the last few years, Oracle has been hard at work developing its newest flagship clinical trials platform called Clinical One. The company has invested a significant amount of money and personnel in building the platform. While there are many more capabilities to come over the next few years, you can already leverage Clinical One for data collection, randomization, and trial supplies management.

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System Software Data Resources 332

Bobsguide

JUNE 10, 2020

By Andries Smit, CEO and founder of Upside. There are 11.95m+ households in the UK with less than £1,500 in savings. Since early March, the catastrophic impact of the coronavirus has only highlighted further the treacherous situation the country is facing regarding personal savings. For the.

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Data 172

Advertiser: ZoomInfo

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.

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