Sat.Sep 19, 2020 - Fri.Sep 25, 2020

article thumbnail

Digital skimming: the lucrative cybercrime

ATM Marketplace

Ameet Naik, a security evangelist at PerimeterX with more than twenty years of experience in information security explains digital skimming and how to protect your business and your clients.

Security 113
article thumbnail

PayPal’s Rainey: CFOs Must Focus On Customers (Not Just Cash Flow) Amid Great Digital Shift

PYMNTS

Amid the myriad challenges of 2020 — the pandemic, the wildfires, the hurricanes, the social unrest — the silver lining might be that firms of all sizes have learned to pivot, to serve their end customers in nimble ways. In an interview with Karen Webster, John Rainey , chief financial officer and executive vice president of global customer operations at PayPal , noted that CFOs (including himself) have learned to pivot, too, with ground-level, tech-driven insights that move well beyond simply t

Analytics 293
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 10 Announcements from Microsoft Ignite Day 1 #MSignite

Perficient

While Microsoft had some out of this world updates including the Underwater Datacenter project data released. The project was a success with only 1/8 th the issues of the equivalent land based datacenter. Many reasons why this project will continue from a sustainability and reliability perspective. The outerspace update took the events to even further heights.

Analytics 593
article thumbnail

What's on the horizon for B2B payments?

Payments Dive

B2B payments have gone through major changes in the past couple of years, and COVID-19 has only sped up that process. In light of this, Mobile Payments Today spoke with Josh Cyphers, CEO of payment invoice technology company Nvoicepay, to get his take on what the current trends are for B2B payments and what's on the horizon.

Payments 476
article thumbnail

Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

article thumbnail

Open Banking and CDR data—learn from the leaders to drive growth

Accenture

For leading incumbent banks, Open Banking or, as it is enacted in Australia, the Consumer Data Right (CDR), is not just a regulatory imperative. They see it as a new revenue opportunity and a source of competitive advantage in the financial services industry that can be captured by making the right power plays in the application programming interface (API) and open-data economy.

Data 322

More Trending

article thumbnail

Increasing Diversity in the Refining and Petrochemical Industries

Perficient

At Perficient our colleagues not only get involved within our company, but within the industries they serve. A veteran of the oil and gas industry, Cheryl Scott is no different. Over the course of her career, Cheryl maintained a strong association with the American Fuel & Petrochemical Manufacturers (AFPM). AFPM was formed over 120 years ago to represent the U.S. refining and petrochemical industries.

Industry 520
article thumbnail

Easy money: How digital skimming is robbing your customers

Payments Dive

With over twenty years of experience in information security, Ameet Naik, an expert in digital security, explains what digital skimming is and how it can hurt your clients and your business.

Security 321
article thumbnail

COVID-19’s impact on banking and capital markets

Accenture

The COVID-19 pandemic has had a significant impact on the banking and capital markets (B&CM) industry as liquidity, rates and fees continue to be stressed and regulatory and business-driven demands evolve rapidly. The pandemic’s disruption of global supply chains and markets has created significant market volatility, driving interest rate cuts and increasing the need for governments, companies and individuals….

Capital 300
article thumbnail

Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

Digital dollars could make the leap from concept to reality, but there might be a few ways to get there. Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies.

Cleveland 330
article thumbnail

New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

article thumbnail

Insights from Microsoft Ignite 2020 on the Future of Microsoft SharePoint #MSIgnite

Perficient

I think a lot of folks have been wondering about the future of SharePoint. Is it going away? No. That’s clear to me. I participated in a couple of different research groups focused on understanding News and “Modern” Intranet Portals. It seemed that Jeff Teper doubled down on SPFx and Fluid for Teams and SharePoint. The new offline capabilities for not only native Microsoft Lists, but custom datasources was super exciting and will encourage people to move their data to Sha

UX 420
article thumbnail

7 Easy Ways To Find Fraud In Your PPP Loan Portfolio Based Off The Data

South State Correspondent

Chances are, even if you limited your Paycheck Protection Program (PPP) origination to just customers, you still have some fraud. If you took on new customers, you likely have between 5% and 10% fraud, even with a medium level of screening. According to an Aite Group survey done in June, financial institutions are only catching 1% of their total applications with fraud.

Fraud 397
article thumbnail

Banking Tech Vision: Customer experience beyond COVID

Accenture

While I predicted unstable weather with a high probability of storms in my forecast for 2020, I could have not foreseen just how turbulent this year would turn out to be. In our Banking Technology Vision 2020, we look beyond the rough weather of the COVID-19 outbreak to evaluate how banks should position themselves for…. The post Banking Tech Vision: Customer experience beyond COVID appeared first on Accenture Banking Blog.

article thumbnail

Taking AI Beyond Fraud Prevention And Into The Realm Of Smart Payments Routing

PYMNTS

Merchants, quite logically, want to keep transaction conversion rates high. And consumers want to pay with their preferred methods, across cards or digital wallets. Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed.

Fraud 311
article thumbnail

The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

article thumbnail

Behind “Team Perficient:” A Hole-In-One Partnership with Top PGA and LPGA Golfers

Perficient

On the heels of the recent announcement of the formation of three professional golfers into “Team Perficient”, I sat down with Perficient’s Vice-President of Marketing, Bill Davis , to learn more about how the team came to be, why there’s such strong alignment between our brand and the athletes selected, and why Perficient’s so excited about these partnerships going forward.

St. Louis 340
article thumbnail

5 ways COVID-19 changed the nature of payments fraud

Payments Source

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime.

Fraud 205
article thumbnail

COVID-19 pushes banks’ innovation to great heights

Accenture

The COVID-19 pandemic has made digital transformation more relevant and urgent than before for everyone from governments to companies—and banking is no exception. Opportunities for which banks expected to have years to prepare are quickly approaching and previously slow-growing pain points are more obviously visible than ever before. To meet these challenges, banks are having….

article thumbnail

FLEETCOR Buys AFEX To Boost Cross-Border Payments

PYMNTS

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. AFEX works to implement cross-border solutions to aid small to medium-sized businesses (SMBs), helping them to grow internationally, the release says.

Payments 303
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

article thumbnail

Inventory Control Solutions need a focused perspective

Perficient

Why Practice Inventory Control? Every company that is trying to get their grips around what they have talks about Inventory control. Companies that are trying to understand what they need to meet their demands are looking into Inventory Controls. The concept of Inventory Control is straight forward. Knowledge what you have and what you can sale. Aditional controls are used to make sure that this information is correct, accurate and actionable.

Resources 332
article thumbnail

Digital, blockchain payments can fill gaps in financial services—but are no replacement

Payments Source

The conversation around advancing the distribution and use of digital currency gets a boost every time the banking system stubs its toe. And there have been many recent examples of financial system problems to point to.

article thumbnail

Portfolio management: on the crossroads

Bobsguide

Individual investors don’t always know how to manage their money in case of major global events. What role do banks play in guiding and educating those investors in such moments? In the first six months of 2020, Belgian investors have shown an increasing interest in online investments.

article thumbnail

Western Union Teams With Isabel Group To Offer Payments In Belgium

PYMNTS

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. Western Union Business Solutions will work with Isabel Group to expand access to Isabel's network, which offers online banking and fast payment services for organizations.

Groups 301
article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

article thumbnail

Upgrade Your Mobile Experience With Mini Apps and App Clips

Perficient

Have you heard about Mini Apps or Apple’s new App Clips feature? I think these technologies have a way to dramatically improve the mobile experience if you can take advantage of them. Both concepts are relatively new, with Apple’s App Clips becoming available in IOS 14 this month (see our Prepare Your App for IOS 14 introduction ). Snapchat introduced Mini Apps in 2020 as well.

Mobile 322
article thumbnail

How platform development determines real-time payment success

Payments Source

Speed stands at the forefront of any real-time payments deployment, but the real staying power in new payments innovation rides on the development philosophy of the platform itself.

Payments 177
article thumbnail

CFPB Announces Eighth Consent Order for False and Misleading Mortgage Advertising of VA-Guaranteed Mortgages

CFPB Monitor

On September 14, 2020, the CFPB announced a consent order against ClearPath Lending, Inc. (ClearPath), which includes a civil money penalty of $625,000 and requirements to prevent future violations. The consent order represents the CFPB’s eighth consent order since late July, 2020 against a mortgage company to settle allegations by the CFPB that the company engaged in false and misleading advertising to service members and veterans.

Lending 148
article thumbnail

HSBC To Staff: Stay Off Bank’s Social Media Accounts

PYMNTS

The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept. 21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ). . Bloomberg News reported that Tricia Weener , HSBC ’s global head of marketing, sent a memo to the workforce of the London-based company stating that they must not post to social media until at least 11 a.m.

article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper