American Express pairs with Ripple, consumer lending in 2017, 10 trends in retail banking: Essential Banking News
Blockchain-based payments have been all the rage in banking the last few weeks and last week was no difference.
12.18.17 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web: Thales ‘wins’ Gemalto to build an IoT security power: Thales has already spent more than $1 billion over the past three years to expand digital security and centralize hardware monitoring, and will spend $5.4 billion more to acquire Gemalto. Thales hopes…
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Square to small banks: Don’t lump us in with Amazon and Facebook
Square, the Silicon Valley payment processor that is at the center of the fight over the tech industry’s ambitions in banking, is firing back at its small-bank critics, while also taking steps to placate community activists. Advocacy groups that once expressed concern about the adequacy of Square’s plan to satisfy its obligations to low- and…
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Payment companies must get faster, or get left behind
The demand for safer data, faster payments and better experiences presents great opportunity, but also significant challenges. The way we pay is changing. As shopping habits evolve, e-commerce and m-commerce methods such as in-app and one-click ordering are becoming increasingly popular. In addition, the exponential growth of the IoT is introducing a wealth of new…
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Student loan crisis, Van Saun’s take on banking, voice assistants in banking: Essential Banking News
This week we look into the the affect of the student loan accumulation on homeownership rates and Bruce Van Saun’s take on the latest in banking.
To compete with big tech firms, banks need big-tech talent
Nine years ago, D.J. Patil and Jeff Hammerbacher coined the term “data scientist.” Four years later, Patil and Thomas Davenport deemed the profession “the sexiest job of the 21st century” in the pages of Harvard Business Review. Ever since then, companies of all types have been struggling with a massive supply-and-demand imbalance of data scientists.…
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Discover plans to drop signature requirement for card payments
Only two months after Mastercard eliminated the signature requirement on credit and debit card transactions, Discover says it also will drop the sometimes controversial cardholder authentication method. Beginning in April 2018, Discover will no longer require signatures at the point of sale for credit and debit transactions on the Discover Global Network in the U.S.,…
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Convincing Millennials to Switch Banks: What They Need from You
Today’s financial industry is facing significant competition from rival banks, online banking options, and credit unions. What sets one apart from the next, from the Millennials’ standpoint, may not be what you think. Today’s Millennial is more than willing to switch banks, as they are far less loyal to using the same one they’ve had…
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12.04.17 Your morning briefing
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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12.01.17 Your morning briefing
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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