PYMNTS

SEPTEMBER 30, 2020

Small business owners who have been waiting to have their Paycheck Protection Program (PPP) loan forgiven can breathe a sigh of relief. The U.S. Department of Treasury said Tuesday (Sept. 29) it would soon begin forgiving loans granted under the PPP after borrowers and lenders complained that the Small Business Administration (SBA), the program’s manager, and Treasury employees have failed to respond to forgiveness requests, according to The Wall Street Journal (WSJ).

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Payments Dive

OCTOBER 2, 2020

Despite the rise of automation, technology can't replace the human-to-human interaction. Or can it? New technology and video kiosks helps businesses provide a personal touch in a technological world.

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ATM Marketplace

SEPTEMBER 29, 2020

Creating a great customer experience is only half the battle when it comes to branch transformation, according to William Budde, vice president, product marketing, for Hyosung America. The other half is creating a branch that can be effective and efficient by utilizing the right technology.

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Perficient

SEPTEMBER 30, 2020

A Survey of Over 150 Enterprise Executives. The world threw a major curveball at us back in March 2020 when COVID-19 erupted on the global stage. World economies and even our basic culture were thrown into disarray. Many businesses that could not adapt to the new environment were forced to close, and the great majority of those that survived had to undergo dramatic changes.

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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.

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Accenture

OCTOBER 1, 2020

While cloud native development might be considered the “new normal,” mainframe still has a stronghold in the financial services industry due to its robust resiliency and massive compute capability. However, as I explained in my previous post , the mainframe cannot match cloud when it comes to agility, scalability and cost-effectiveness that are so essential….

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PYMNTS

SEPTEMBER 29, 2020

“Talk to the hand” will take on new meaning starting Tuesday (Sept. 29). CNN reports Amazon has introduced the latest touchless way to pay at checkout. Dubbed Amazon One, the method allows users to pay with the palm of their hand at some of its stores. The giant eCommerce website can now connect a stored credit card with a palm print. Here’s how it works: place the palm of your hand above a sensor and purchase products at checkout-free Amazon Go stores.

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Perficient

SEPTEMBER 29, 2020

For the first time ever, we are excited to announce that Perficient’s Charlotte office has been named one of 2020’s Best Places to Work ! This is the third top workplace award earned in the Southeast region this year, with our Atlanta office also being named a Best Place to Work as well as a 2020 Top Workplace. The Charlotte Business Journal runs this program each year to recognize outstanding companies whose benefits, policies and practices are among the best in the region.

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Accenture

SEPTEMBER 28, 2020

In my last post, I talked about how the pandemic has pushed banks’ digital transformation efforts to historic heights, according to our latest report, “Driving Value and Values During COVID-19.” Our report also identified four key technology trends shaping the post-COVID future. Today, let’s take a closer look at those and how they can help…. The post The four tech trends for banks to outmaneuver uncertainty appeared first on Accenture Banking Blog.

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Bobsguide

OCTOBER 1, 2020

The payments industry must be wary of vulnerable tech builds as cyber threats are predicted increase, according to a director of incident management at the UK National Cyber Security Centre. “From our experience seeing some less mature organisations possibly, one of the things that.

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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.

New York

PYMNTS

SEPTEMBER 30, 2020

A U.S. House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies.

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Perficient

OCTOBER 2, 2020

Perficient’s Mike Grossman, general manager, life sciences, and Oracle’s Jim Streeter, global vice president, life sciences product strategy, hosted a fireside chat that answered many of the most-common questions about Clinical One. Simply put, C linical One automatically generates cross-department collaboration and provides a single view of clinical trial data.

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Accenture

SEPTEMBER 30, 2020

In my last post, I talked about the significant impact of COVID-19 on the banking and capital markets (B&CM) value chain and how leaders are in a unique position to respond, reset and renew the finance function to lead confidently in the post-pandemic era. Today, let’s take a closer look at these three steps for…. The post A post-pandemic path forward for banking and capital markets appeared first on Accenture Banking Blog.

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Payments Source

SEPTEMBER 30, 2020

There’s no PSD2-style law requiring banks in the U.S. to share data with third-party payment apps, but the market is progressing as if there will be one, leaving some smaller banks at a disadvantage.

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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

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PYMNTS

OCTOBER 2, 2020

You likely remember the days when you got your Sunday paper in printed form, before clicking links on your devices, before getting content in your email inbox thrice daily. Back then, you paid the subscription price and got a 12-inch stack of paper, replete with sections you never really read that closely. But you paid for the “bundle” anyway, because there was no other way to read the sections you really wanted to read.

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Perficient

OCTOBER 1, 2020

The times they are a-changing, particularly in healthcare. It’s easy to see COVID-19’s vast impact on the consumer experience. Yet change was brewing in healthcare before the pandemic hit our communities. While interoperability mandates driven by CMS’ Final Rule were back-burner’ed for a while, they’re still top of mind for healthcare executives.

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Accenture

SEPTEMBER 30, 2020

In our last post, we talked about how it was time for banks to start looking beyond compliance in Open Banking, or as it is enacted in Australia, the Consumer Data Right (CDR), and to imagine their role in the new application programming interface (API) and open-data economy. Open Banking and CDR data offer banks…. The post Open Banking & CDR | Two business models for new value appeared first on Accenture Banking Blog.

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Payments Source

SEPTEMBER 27, 2020

Since July, Visa has noticed an uptick in unemployment insurance fraud with prepaid cards being used as a key disbursement vehicle. And the best solution may be rooted in technology, not law enforcement.

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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.

Lending

PYMNTS

SEPTEMBER 28, 2020

As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). But several years of a regulatory push have combined with the increasing presence of India’s Unified Payments Interface (UPI) and six months of COVID-19 to markedly reduce Indian consumers’ fondness f

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Perficient

SEPTEMBER 26, 2020

It’s a question healthcare marketers ask all the time: What are the keys to a good healthcare website? We want a formula. Tried and true best practices. Something that will boil it all down to a clear roadmap. If you search the web, you’ll find website checklists galore. And there are some undisputable basics: You need responsive design, strong content, clear navigation, appropriate accessibility, meaningful images and so on.

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Bobsguide

SEPTEMBER 28, 2020

The recent global crisis has set off a major fraud resurgence. With the world continuing its acceleration towards becoming digital-first, and with everything from work and transactions to entertainment and shopping happening online, potential attack vectors and opportunities are exponentially.

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Payments Source

OCTOBER 1, 2020

The optometrist Benjamin Thayil offers an alternative form of financing for consumers who may be wary of large credit card bills or shocked at the idea of paying for an entire eye treatment all at once.

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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.

US

PYMNTS

SEPTEMBER 29, 2020

Smart cities powered by 5G networks have long been forecast as coming soon to major metros all over the world. But actual progress has been limited by various regulatory and technological headwinds that have kept the connected smart city more a vision of the future than a concrete reality of the present. However, CEO Ian Aaron of Ubicquia , a smart cell and smart grid technologies company, told PYMNTS that the past half year has changed the outlook for smart cities.

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Perficient

OCTOBER 2, 2020

Consumers are increasingly moving to mobile commerce for their shopping needs, but how many are completing their orders? I attended the Adobe webinar “AI-Powered ‘Live Search’ for Magento + Early Adopter Program” and found that shoppers struggle with completing mobile purchases due to search inconsistencies. Magento is working to remedy this with Live Search built on its Sensei platform.

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CFPB Monitor

SEPTEMBER 30, 2020

California Governor Gavin Newsom has signed into law the Student Borrower Bill of Rights, AB 376 , as part of a package of consumer protection legislation. He simultaneously signed AB 1864 , which creates the Department of Financial Protection and Innovation (DFPI) and the California Consumer Financial Protection Law, and SB 908 , which requires licensure of certain persons who are engaged in the business of collecting, on behalf of themselves or others, debts arising from consumer credit trans

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Payments Source

SEPTEMBER 29, 2020

The Oakland, Calif.-based startup’s Marqeta Tokenization-as-a-Service enables banks or fintechs to instantly add credit, debit or prepaid cards to a digital wallet by directly managing tokens instead of going through a third party, Marqeta announced on Tuesday.

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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

Lending