Sat.Jun 06, 2020 - Fri.Jun 12, 2020

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A future look back at how COVID-19 changed the payments space

Payments Dive

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

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FBI Issues Warning To Bank Mobile App Users?

PYMNTS

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.

Mobile 313
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Reopening has started. Is it too late to transform?

Perficient

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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FinTech can’t tackle financial services without tackling its diversity problem

Chris Skinner

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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Starbucks accelerates shift to mobile

Payments Dive

Over the next 18 months, Starbucks will increase convenience-led formats in company-operated locations with drive-thru and curbside pickup options, as well as its Pickup locations, according to a filing with federal regulators.

Mobile 411

More Trending

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Using HTML Snippet with Rich Text Editor

Perficient

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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Things worth reading: 8th June 2020

Chris Skinner

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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Open Banking—where partnerships are required

Accenture

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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Chuck E. Cheese Seeks Loan For Debt Payment

PYMNTS

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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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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A Perficient Team?s DIY Approach to the PPE Shortage

Perficient

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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FinTech needs more men!

Chris Skinner

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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â??Data to cashâ?? as a service: Time to invest in open banking

Bobsguide

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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TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities

PYMNTS

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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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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Trust models in distributed ledgers

Perficient

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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The Finanser’s Week: 1st June 2020 – 7th June 2020

Chris Skinner

The main blog headlines are … No one changes behaviour … unless forced to I see lots of surveys and research about the use of technology in finance. Things like 47 percent of consumers are interested in biometric payments or 80 percent of consumers would use mobile payments. Then you … The post The Finanser’s Week: 1st June 2020 – 7th June 2020 appeared first on Chris Skinner's blog.

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Account takeover fraud growth signals wider need for biometrics

Payments Source

Identity fraud holds no prisoners when it comes to payments. If a fraudster gets hold of a consumer's credentials, everything from mobile wallets, to a checking account, savings account or P2P account is in jeopardy of takeover.

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TranSwap, Currencycloud Partner For More Flexibility In B2B X-Border Pay

PYMNTS

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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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Perficient Continues Investment in Employee Culture with New Vice President of People

Perficient

“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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Things worth reading: 10th June 2020

Chris Skinner

Things we’re reading today include … UK banks approve £35bn in state-backed loans amid heavy demand Exclusive: Banks to Berlin – Loosen coronavirus cash rules for firms Turkey joins settlement house Euroclear after 8-year talks Pompeo chides HSBC for ‘corporate kowtow’ to Beijing Amanda Staveley exaggerated role in Barclays rescue, … The post Things worth reading: 10th June 2020 appeared first on Chris Skinner's blog.

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Decrease in branch traffic speeds digital transformation

Bobsguide

Starting in March, banks including Llyods and HSBC have closed their branches due to government guidelines on health and safety – a trend that has led to a drastic change in consumer behaviour and that has accelerated the digital transformation of retail banks. Mladen Vladek, general.

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Experts Tell Congress It?s Time To Create A ?Digital Dollar?

PYMNTS

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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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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Have You Heard About Oracle’s Clinical One?

Perficient

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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Things worth reading: 11th June 2020

Chris Skinner

Things we’re reading today include … ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt The Looming Bank Collapse Goldman Sachs employees to start returning to U.S. offices from June 22 Goldman Sachs closes Marcus account to new UK savers Mike Pompeo criticises HSBC for ‘corporate kowtow’ to … The post Things worth reading: 11th June 2020 appeared first on Chris Skinner's blog.

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Digital gap widens between traditional banks and challengers

Bobsguide

The gap in digital performance continues to grow between traditional banks and challengers as the pandemic exposes incumbents’ inability to adapt. Mark O’Keefe, founding director at Optima Consulting and Payments Systems Regulator (PSR) panel member, says few incumbents have.

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Scandit: The Future Of Retail Will Include Mobile Scanning

PYMNTS

Physical brick-and-mortar retail was suffering long before the pandemic. As the great shift to digital continues, the last three months have shown that consumers are not only used to conducting commerce in bits and bytes — they like it. Consider the findings of a PYMNTS consumer survey , where 42 percent of consumers are engaging in even the most routine activities online, and as much as $158 billion in brick-and-mortar sales are moving to digital channels.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se