Payments Dive

JULY 26, 2018

While more connected devices is convenient for consumers as far as payments, it also opens a window for cybercrime and security breaches.

Security 373

Security Payments 373

Bank Innovation

JULY 27, 2018

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. Currently, millennials’ combined financial assets come up to $4.5 trillion in wealth. Factoring in for organic savings growth, market “impact,” and wealth […].

Millennials 277

Millennials Study Strategy Mobile 277

Chris Skinner

JULY 26, 2018

I regularly come back to the topic of bank branches, which are topical. A recent UK headline said that a town is now branchless … Closure of Lloyds leaves this Warwickshire town with no banks … whilst another says that the closing of branches is all about increasing profits for … The post The branch of the future is NOT about advice appeared first on Chris Skinner's blog.

Digital Banking 275

Digital Banking Technology 275

PYMNTS

JULY 24, 2018

MoneyGram and Visa announced today (July 24) that they have partnered to deliver real-time digital disbursements to MoneyGram customers using Visa’s push payments platform, Visa Direct. Launching in October in two key markets, Mexico and the Philippines, MoneyGram will expand its options in which receivers from those markets may receive and use funds instantly — via their bank-issued Visa-branded debit card or Visa-branded prepaid card — and senders may choose the option by which to send those

Branding 223

Branding Cards Marketing Payments 223

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Payments Dive

JULY 27, 2018

Host Will Hernandez, discusses the future of transit, Uber, and how mobile payments ties it altogether, with Jonathan Donovan, chief product officer of Masabi. Will also speaks with Christopher Hall, director of the Interactive Customer Experience Association, about mobile payments, the customer experience, along with details about ICXA.

Mobile 170

Mobile Customer Experience Payments 170

Chris Skinner

JULY 24, 2018

Ever since the collapse of Enron, we’ve seen auditors under question. I’m sure most of you can remember the Enron disaster but, just in case, the company went from Oil King to Futures Basketcase faster than Lewis Hamilton could catch up with Sebastian Vettel yesterday. Much blame was placed on their … The post What is the point of an auditor? appeared first on Chris Skinner's blog.

Company 217

Company Regulation 217

Insights on Business

JULY 26, 2018

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Consider, for example, the blockchain space. While blockchain’s decentralized, distributed-ledger technology is most popularly known as the basis for cryptocurrencies such as bitcoin, among the thought leaders with whom I work this is only scratching the surface of the pot

blockchain 151

blockchain Innovation Customer Experience Compliance 151

Payments Dive

JULY 27, 2018

Host Will Hernandez, discusses the future of transit, Uber, and how mobile payments ties it altogether, with Jonathan Donovan, chief product officer of Masabi. Will also speaks with Christopher Hall, director of the Interactive Customer Experience Association, about mobile payments, the customer experience, along with details about ICXA.

Mobile 150

Mobile Customer Experience Payments 150

Bank Innovation

JULY 23, 2018

Fintech funding is already breaking records this year. For the first half of the year, there has been $41.7 billion invested in fintech globally, eclipsing the 39.4 billion total raised last year according to Fintech Global. As the world of fintech funding continues to gain momentum, there are some deals that stand out. Bank Innovation […].

Fintech 218

Fintech Innovation cryptocurrency Capital 218

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Analysis

Chris Skinner

JULY 24, 2018

Building on yesterday’s discussions of regulating, I got copied on a letter that’s doing the rounds from Sam Woods, Deputy Governor of the PRA (the Prudential Regulatory Authority). It lays out the official position and expectations of the regulator when financial insitutions are dealing with crypto-assets. It makes for interesting … The post The UK regulators official position on crypto-assets appeared first on Chris Skinner's blog.

Regulation 202

Regulation blockchain 202

PYMNTS

JULY 27, 2018

United Nations (UN) chief António Guterres has warned staff and member states that it is running out of cash. In a letter, he urged countries to pay what they owe as soon as possible, according to Reuters. The letter sent to members stated that, as of June 30, the core UN budget had a deficit of $139 million and the United Nations had “never faced such a difficult cash flow situation this early in the calendar year.”.

United States 143

United States National Security 143

Payments Dive

JULY 26, 2018

86% of all data breaches occurred in North America according to new reports with 42% of compromises to the POS environment. Download our infographic to find out more about the latest patterns emerging and the European and Asia Pacific hotspots. These insights could prove extremely useful to your strategic planning.

Data 150

Data Trends Retail Security 150

Bank Innovation

JULY 23, 2018

Social media platform SnapChat will shut down its P2P payment feature, Snapcash, as of August 30, after launching less than four years ago in 2014. Snapcash has faced a lot of competition from more popular P2P apps such as Venmo, Apple Pay, SquareCash, PayPal and even the banks-backed Zelle, which reported a $25 billion in […].

social media 218

social media Payments Apple Report 218

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Lending

Chris Skinner

JULY 24, 2018

Things we’re reading today include … Nearly a million fed-up customers switch banks in the past year Revealed: the banks most people are switching to Euro zone bank fund holds 25 billion euros after four years Bank of England to Open New Payment System to Blockchain Users Metro Bank performs … The post Things worth reading: 25th July 2018 appeared first on Chris Skinner's blog.

Metro 171

Metro blockchain System Payments 171

PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. The Federal Bureau of Investigation (FBI) recently issued a public service announcement warning that the BEC scam has now redirected $12 billion worldwide , much of that now having to be written off as a loss for corporates unable to recover the funds.

Fraud 138

Fraud Survey Payments Report 138

Payments Dive

JULY 24, 2018

Rafik Hanna, senior director of Taco Bell's All Access, shared insight on how the QSR is transforming to drive a best-in-class customer experience and why technology is always at the forefront in a keynote address at the recent ICX Summit.

Technology 150

Technology Innovation Customer Experience Payments 150

Bank Innovation

JULY 26, 2018

Payments platform PayPal had $139 billion in total payment volume in 2Q18, up 29% YOY, and expects to add 30 million net new actives by the end of the year, according to the company’s earnings call yesterday. Of that $139 billion, 39% of the total payment volume, or $54 billion, was mobile. Just $14.2 billion […].

Mobile 210

Mobile Payments social media Online 210

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Operations

Chris Skinner

JULY 22, 2018

Things we’re reading today include … Hackers net almost $1m in Russian bank raid India needs a strategy to get the government out of banking Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy Wall Street braces for tariff fallout as S&P 500 companies report G20 calls … The post Things worth reading: 23rd July 2018 appeared first on Chris Skinner's blog.

Strategy 171

Strategy Cards Report Company 171

PYMNTS

JULY 25, 2018

When eBay announced that it would be accepting Apple Pay , it wasn’t the only new development for the online marketplace. The company also revealed a partnership with Square to offer financing to companies selling on eBay, heating up competition with its rival, Amazon. Bloomberg reported Tuesday (July 24) that eBay will begin offering merchants up to $100,000 in financing through Square Capital.

Lending 134

Lending Capital Apple Operations 134

Payments Dive

JULY 24, 2018

Mere access to financial services does not equal inclusion. View our latest infographic on key service adoption trends in India.

Trends 150

Trends 150

Bank Innovation

JULY 24, 2018

U.K. neobank Starling is in a mood to switch things up, at least on the design front. Last week, Starling unveiled changes to the payments screen on its mobile app and today it unveiled a new debit card. For starters, the new debit card is not purple, Starling’s signature color. Instead it’s teal and navy […].

Cards 210

Cards Mobile Payments social media 210

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Analysis

Chris Skinner

JULY 22, 2018

I see a strong need for global regulatory co-ordination. In particular, in a globalised world with a global network where everyone can connect and transact in real-time, anytime, anywhere, the idea of national regulators regulating a system that does not recognise national borders seems counter-intuitive. This was illustrated well by … The post Does the Fed putting America First destabilise the rest of the world?

America 171

America National Regulation System 171

PYMNTS

JULY 23, 2018

This one may be familiar: Wide receiver and cryptographer walk into a bar and … set the data security landscape on its ear. No? Haven’t heard that one, hmm? Since sports analogies abound in all corners of writing, try this one on for size: blocking and tackling — the digital kind. The kind that defends sensitive data against bad actors and leaves their best efforts crumpled on the field.

Dallas 134

Dallas Security Data Company 134

Payments Dive

JULY 24, 2018

The FSS team is excited to announce the launch of FSS eFinclusiv, a second-generation financial inclusion solution that leverages the India Stack to promote financial deepening among underbanked customers.

150

150

Bank Innovation

JULY 23, 2018

With over 25 million mobile bank users on the retail side, Bank of America is shifting attention to ramping the numbers on the commercial side, with the launch of a mobile app for its prepaid commercial cards. Today, Bank of America Merrill Lynch unveiled an app specifically designed for reloadable commercial prepaid cards. These cards […].

America 210

America Cards Mobile Retail 210

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