Payments Dive
DECEMBER 18, 2018
Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership.
Chris Skinner
DECEMBER 17, 2018
I was listening to a great discussion about innovation (again) amongst a group of innovative bankers. As the conversation progressed, it made me reflect on a few things. In particular, how the conversation about innovation has changed over the past decade. Just before the financial crisis hit, innovation was big … The post From innovation theatre to real innovation appeared first on Chris Skinner's blog.
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Bank Innovation
DECEMBER 20, 2018
A lot was said and done in the world of banking and fintech in 2018. In the midst of all the competition and collaboration, leaders emerged from all corners of the industry. Here are Bank Innovation’s five most influential people of the year, determined by editors’ choice, in no particular order: Jamie Dimon, JPMorgan Chase […].
PYMNTS
DECEMBER 20, 2018
In life, change is the only constant, so why should it be different for payments? From cash to digital, from plastic cards to mobile wallets, from cash registers at the front of restaurants to tablets brought to tables (redefining the concept of “dine and dash”) — the way we pay shifts along with the availability of technology, and tech shifts as commerce demands new features.
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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.
Payments Dive
DECEMBER 20, 2018
Jeff Kagan explains why he believes Amazon Pay could have a successful future as a payment method in the retail world, even though these retailers are arch competitors with Amazon.com.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 19, 2018
Generalizations. They’re everywhere and they’re all completely unhelpful. Yes, I’m generalizing to make a point. Of course, it’s not completely true. But there is something to be said, I think, for avoiding the temptation of making sweeping statements. After all, so many things in life are rendered in shades of grey rather than in black […].
PYMNTS
DECEMBER 18, 2018
Amazon , Apple and Google are among the large tech companies that are throwing their support behind the creation of a real-time payments network in the U.S. led by the Federal Reserve. According to a report in the American Banker citing a letter submitted by a trade group representing Amazon, Apple, Google, PayPal , Square , Stripe and Intuit , they all expressed their support for the Fed being in charge of the development of a system that can connect all the banks and credit unions in the U.S
Payments Dive
DECEMBER 21, 2018
Facebook is facing increased calls from privacy advocates, public officials and others for government regulation and investigation following new allegations of unauthorized data sharing.
Chris Skinner
DECEMBER 20, 2018
Just looking through the stats for the last year and it gives you an insight into what’s hot and what’s not. So here are the ten most popular blog posts of 2018: In at Number 10 is: Who are the hottest FinTech firms and Influencers around the world? This blog … The post The top blog posts of 2018 appeared first on Chris Skinner's blog.
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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
Bank Innovation
DECEMBER 21, 2018
There are startups that want to destroy banks and startups that want banks to buy their software. Luckily for the banks, there are many more of the latter than the former. Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […].
PYMNTS
DECEMBER 16, 2018
Facebook , the beleaguered social media giant that is facing intense scrutiny into its business practices, could be on the hook for a multibillion dollar fine, reported CNN. According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users.
Payments Dive
DECEMBER 20, 2018
We are excited to bring two leading customer experience events to one place! The Interactive Customer Experience (ICX) Summit is about looking at the interactive technologies that are furthering the customer experience. CONNECT: The Mobile CX Summit is about learning the innovative ways mobile has helped to boost the customer experience.
Chris Skinner
DECEMBER 19, 2018
As usual, I began the year with a bunch of predictions. I always like to end the year by going back and reviewing them. My own predictions were a little bit off. I said the main four things that would happen this year were: Getting down to business with Artificial … The post Did 2018 live up to expectations? appeared first on Chris Skinner's blog.
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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.
Bank Innovation
DECEMBER 18, 2018
A majority of Bank Innovation readers do not believe the results of the November midterm elections will have any impact on regulation pertaining to the fintech industry. In November's poll conducted on Bank Innovation, readers were asked how the elections would impact fintech regulation, and if so, will it have a positive or negative impact […].
PYMNTS
DECEMBER 17, 2018
Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance. Mercator Advisory Group data released earlier this year found that 27 percent of small businesses in the U.S. have already used an alternative lending platform, particularly among younger entrepreneurs.
Payments Dive
DECEMBER 17, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Chris Skinner
DECEMBER 19, 2018
As a professional conference goer, I have certain routines. My main focus is to learn and, although I won’t attend every session, I will attend many. Unfortunately these days, the wandering mind and desperate need to get to the next level of Candy Crush, means that most of the time … The post A word of advice to conference organisers … appeared first on Chris Skinner's blog.
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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
Bank Innovation
DECEMBER 21, 2018
In the five years since payments company PayPal acquired Braintree, a comprehensive payment platform, it has seen over $500 billion in payment authorization volume and over 50 billion transactions, Juan Benitez, general manager at Braintree, told Bank Innovation. This, in part, is due to clients like Airbnb, Uber, and GrubHub, and represents a 54% year-over-year […].
PYMNTS
DECEMBER 18, 2018
New technology continues to change the way consumers order and pay for quick-service restaurant (QSR) food: Kiosks and online ordering, among other experiences, let consumers ditch the counter for faster and higher-tech alternatives. But these restaurants are not innovating all that fast — even with all sorts of new technologies hitting the market. According to the PYMNTS Restaurant Readiness Index , the average technological implementation score is far from perfect at 38.7 out of 100.
Payments Dive
DECEMBER 18, 2018
CNP fraud contributes 73% to total card fraud in Europe. View our latest infographic to learn more.
Chris Skinner
DECEMBER 20, 2018
Things we’re reading today include … U.S. Bank Regulators Warn of ‘Living Will’ Shortcomings at Four Foreign-Owned Banks Deal of the year: Digital banks India’s Assault on Central Bank Autonomy Is Just Starting Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT Co-author of Danske trades memo among arrested … The post Things worth reading: 21st December 2018 appeared first on Chris Skinner's blog.
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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.
Bank Innovation
DECEMBER 19, 2018
Sad dogs, star power and talking goats. Banks and other FIs pulled out all the stops in 2018 to make commercials and marketing videos that would leave an impression on customers. Here are five that caught our attention this year, in no particular order. These videos were selected by editors’ choice. We’ll lead with the […].
PYMNTS
DECEMBER 20, 2018
The French Data Protection Authority said Thursday (Dec. 20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Uber paid hackers to hide the breach for about a year before it was disclosed. According to a report in Moneycontrol.com , the French Data Protection Authority said the data breach could have been prevented by implementing “certain elementary security measures.” The French government joins a grow
Payments Dive
DECEMBER 17, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Chris Skinner
DECEMBER 16, 2018
The main blog headlines are … Open Banking: Strategy and Presentation I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. Open Banking Strategy and Business Model from Chris Skinner … The post The Finanser’s Week: 10th December – 16th December appeared first on Chris Skinner's blog.
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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
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