The information you need to start your day, from PaymentsSource and around the Web: Apple at night: Apple reportedly released an iOS update in the middle of the night on Friday that brought new features such as Apple Pay Cash, Apple’s competitive answer to PayPal’s Venmo social P-to-P transfer app. Engadget reports the iOS 11.2…
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The information you need to start your day, from PaymentsSource and around the Web: Instant real-time payments: Banks need to embrace real-time payments as soon as possible to beat back encroachment from virtual currency, according to Yves Mersch, an executive board member of the European Central Bank, who was speaking at a bank industry event…
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Social media marketing over the last few years has been integrated into most marketing strategies. It has proven to be influential but with best practices continuously evolving, it has left industries, including banking, scrambling to nail down the current trends of each platform. It is difficult to stay on top of, but this ought to…
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The information you need to start your day, from PaymentsSource and around the Web: Samsung stories: Samsung has filed a patent in South Korea for a story feature that would be part of Samsung Pay. Users would share purchases and rate businesses such as restaurants. The Verge reports Samsung may also hire celebrities to market…
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The information you need to start your day, from PaymentsSource and around the Web: Not stressed enough? U.K. banks are prepared to weather myriad economic risks, including a “hard Brexit,” but may be overestimating their ability to limit losses due to payment startups and open banking, reports The Express on the Bank of England’s 2017…
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Paytm Payments Bank is targeting to become the world’s largest digital bank with 500 million bank accounts and aims to turn into an integrated financial services company that offers everything from wealth management to share trading. “We are unveiling our money market fund, launching our debit card and we’ll have the capabilities to allow enterprises…
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The Independent Community Bankers of America has filed a lawsuit against Equifax in hopes of compensating small banks for a recent data breach that potentially affected more than 140 million people. The ICBA, which filed its lawsuit in U.S. District Court for the Northern District of Georgia, said in a press release that it wants…
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The financial industry has long been plagued with limited digitalization and modernization. Though all banks use quality software systems today, many have yet to embrace the latest round of innovation – artificial intelligence.
In what was an eventful holiday weekend, we look into the historic Bitcoin valuation and what the deal is between the CFPB and the president.
While Adobe Holiday Insights has predicted that the 2017 holiday season may be the first to break the $100 Billion mark in online sales, it’s not all good cheer for merchants. The larger volume of sales in November and December, especially around peak dates such as Black Friday and Cyber Monday, is always followed by…
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