Sat.Jun 13, 2020 - Fri.Jun 19, 2020

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Cyber fraud surges as COVID-19 changes banking, e-commerce

Payments Dive

As millions of Americans have shifted their daily workplace and shopping to remote online networks and mobile devices, a new wave of cyber threats have emerged focused on targeting banks, e-commerce and other daily financial activities.

Fraud 484
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Robinhood’s sad story, sorry

Chris Skinner

I was sitting and thinking that I’ve been a bit negative in my recent posts. I don’t like being negative as I’m an optimist. So I determined that today I must write a cheerful story … whoops! failed. Instead, I woke up to the news that a young man had … The post Robinhood’s sad story, sorry appeared first on Chris Skinner's blog.

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Did coronavirus permanently increase merchants’ transaction costs?

Payments Source

E-commerce sales boomed during the height of the coronavirus when consumers were stuck at home, and merchants had no choice but to accommodate the surge. But some retail industry observers are concerned about potential long-term costs from the pandemic.

Retail 143
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Strengthening Our Global Delivery Capabilities with PSL

Perficient

We’re excited to announce that Perficient has expanded to South America with the acquisition of Productora de Software S.A.S. (PSL), a nearshore software development company based in Medellin, Colombia. With this acquisition, Perficient furthers our commitment to optimized global delivery as an approach to help lower delivery costs while maintaining high quality.

Software 617
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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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Digital regulators are a new norm in financial services

Accenture

Digital financial services are clearly impacting banks. But they are also forcing central banks and regulators to rethink and restructure their approaches to becoming resilient, adopting new technologies, leveraging data and constructing an agile operating model, all while providing regulatory services. Hence, regulators need to step up to stay relevant in the digital economy.

More Trending

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New PPP 3508 Forgiveness Applications Include ‘EZ’ Form; No Blanket Forgiveness

Abrigo

Key Takeaways New PPP loan forgiveness applications are out from the SBA, including an EZ Form 3508 aimed at streamlining the process. Neither of the new forgiveness application forms nor revised guidance mentioned any kind of “blanket forgiveness” for PPP loans under a certain dollar amount. Lenders and borrowers also received updated guidance on compensation amounts eligible for forgiveness over the extended 24-week period.

Lending 293
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One Tool to Configure Them All: Sling RepoInit

Perficient

One tool to configure them all, one tool to define them, One tool to initialize them all and in the repository bind them. -->. The core paradigm for the Java Content Repository (JCR) , the repository for Adobe Experience Manager (AEM) is Everything is Content. This principal drives the flexibility which made AEM a market-leading solution. It does, however, come with a downside, managing the initial repository state is challenging since the repository state is a combination of the content, code a

Tools 601
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Sustainable finance starts with data and technology

Accenture

At present, the lack of disclosure of environmental, social and governance (ESG) data by many corporations creates asymmetric information. Research from Accenture, Hermes and non-profit disclosure advocate CDP identified environmental risks with a combined potential impact of $699bn. Despite the immense value at stake, 40 percent of businesses fail to capture or report the financial….

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Is the whole system about to fail?

Chris Skinner

I’m a simple guy. I don’t trade or invest much. That may seem surprising for a FinTech guy, but most of what I’ve invested in seems to lose value. As a result, I collect rare comics instead as Batman, Spiderman and Ironman are forever. That being said, I do follow … The post Is the whole system about to fail? appeared first on Chris Skinner's blog.

System 383
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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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Celebrity Event Planner Colin Cowie On How ‘Hospertainment’ Can Save The Events Business

PYMNTS

It hasn’t been a good year for hospitality and events, with the pandemic shutting down travel, large gatherings, venues and the desire to be physically close to other people. Burning Man has been canceled, Coachella was delayed and then canceled, there will be no Iowa State Fair and the $300 billion global wedding industry is almost entirely stalled.

Iowa 285
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Top 10 Tips for Microsoft Teams

Perficient

Teams has matured quite significantly from its release date back in 2016. Throughout those years I’ve come across many features that I’ve found essential for work, so I’ve compiled a list of the top ten Teams tips (wow that’s a tongue twister) that you can use to get the most out of Teams! . Send an email to a channel. Many people may not know this, but each channel in Teams has its own email address.

Meeting 500
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Networld Media employees honor late founder Alan Fryrear

Payments Dive

Alan Earl Fryrear, co-founder and chairman of Networld Media Group, died at the age of 81 on June 10, 2020.

Groups 243
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The Finanser’s Week: 8th June 2020 – 14th June 2020

Chris Skinner

The main blog headlines are … Are banks too full of testosterone? 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 … The post The Finanser’s Week: 8th June 2020 – 14th June 2020 appeared first on Chris Skinner's blog.

Maine 317
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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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Walmart Tests Store Without Cashiers As COVID-19 Accelerates Change

PYMNTS

Whether cashiers go the way of the horse and buggy could hinge on an experiment Walmart is running in Arkansas. The largest brick-and-mortar retailer in the United States is replacing its traditional, cashier-staffed checkouts with self-checkout registers at its store in Fayetteville, Ark., according to local news reports. The aim is to speed up checkout lines while reducing contact, a Walmart spokesperson told KNWA/KFTA, with employees stationed nearby to help shoppers who run into any problems

Arkansas 280
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Conversational Marketing: Old School Meets New School

Perficient

Why Is Everyone Talking about Conversational Marketing? Conversational Marketing, a term originally coined by the company Drift , has taken on many forms and definitions over the past few years. If you ask five professional marketers the definition and what ‘makes up’ conversational marketing, you may get five different understandings. Is it a variation of personalization?

Meeting 443
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The data on racial disparity in financial services

Payments Source

The murder of George Floyd shocked the national psyche to its core, spotlighting the persistent, systemic racism that exists in many American institutions, which continues to disenfranchise those who live within the Black community.

Data 154
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When is it safe to stop staying in?

Chris Skinner

Sitting at home, as usual, and thinking about life, I realised that my blogs were becoming far more personal and revealing than usual. I don’t post a lot of them, as I think they are too personal and revealing, but it made me realise that this crisis and lockdown has … The post When is it safe to stop staying in? appeared first on Chris Skinner's blog.

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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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Visa On How To Make Plastic Cards Sustainable

PYMNTS

Improving the world — and the environment — one (card present) transaction at a time. To that end, Visa said Tuesday (June 16) that it has joined with CPI Card Group to launch a card for Visa cardholders composed of up to 98 percent “upcycled” plastic. The Earthwise High Content Card seeks to help eliminate plastic waste. Drilling down into the compositional details, the upcycled, post-industrial plastic is known as rPETG.

Cards 276
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How to easily access CRX/DE on Adobe AMS after AEM 6.5.5 upgrade

Perficient

If you are currently on Adobe AMS, AEM 6.5 and have upgraded to Service Pack 5 (AEM version 6.5.5) you might have noticed that you can no longer login to AEM via CRX/DE while accessing AMS environments via direct instance IP. AMS can grant you access to CRX/DE via direct environment IP. This change was implemented in the SP5 update and according to the CSE that our team worked with: “The login and logout buttons have been removed on purpose from CRXDE for security reasons (internal ID: GRA

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Firms embrace virtual business solutions

Bobsguide

While the lockdown has normalised business via web conferencing tools, financial services are being curtailed as institutions are unable to transfer sensitive customer information along ordinary channels. “In today’s times, making it easy to engage, collaborate and transact.

Tools 148
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2020: No Vision (I thought we were an autonomous collective)

Chris Skinner

Like many, I’ve watched 2020 unfold with a mixture of shock and horror. It began with Australian bushfires followed rapidly by the coronavirus pandemic and now the Black Lives Matter demonstrations. My real shock was that there could be so many global demonstrations during a major global lockdown. Do rules … The post 2020: No Vision (I thought we were an autonomous collective) appeared first on Chris Skinner's blog.

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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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Visa, Facebook Link Up For Payments On WhatsApp

PYMNTS

Visa is working with Facebook so that consumers can fully use the new payments feature on WhatsApp in Brazil, the global digital payments giant announced on Monday (June 15). “As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Visa’s chief product officer, in a statement.

Payments 270
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Curbside Pickup – Solution Using Twilio Flex and Programmable SMS

Perficient

In our last post , we talked about how curbside pickup or “click and collect” is expected to remain a popular channel for retailers to connect with their customers in a post-COVID-19 environment. Using SMS and Twilio Flex, Twilio’s contact center platform, retailers can quickly adapt to the increasing demand for contactless store pickups.

Retail 369
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Thank You, Dad!

BankBazaar

?. He was your first banker, first wealth manager, and first financial advisor. After all, your dad taught you the first thing about money. Say, “Thank you Dad”, this Father’s Day. Explore BankBazaar. The post Thank You, Dad! appeared first on BankBazaar - The Definitive Word on Personal Finance.

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Things worth reading: 17th June 2020

Chris Skinner

Things we’re reading today include … Banks ‘could share branches’ in bid to rescue access to cash Visa hails ‘permanent’ shift in consumer spending habits Banks must treat debt-laden firms fairly to avoid replay of 2008, says FCA chair New trials planned for cash-stricken communities UK Finance boss resigns as … The post Things worth reading: 17th June 2020 appeared first on Chris Skinner's blog.

Community 277
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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