PYMNTS
SEPTEMBER 6, 2016
The Wall Street Journal is reporting that Mastercard and PayPal have inked a strategic partnership similar to the one that PayPal and Visa inked earlier this year. As part of this partnership, Mastercard will be presented as a visible payment option to PayPal customers, with prominent issuer branding, implying that PayPal will no longer encourage Mastercard customers to link their bank accounts to PayPal via ACH.
PYMNTS
SEPTEMBER 8, 2016
With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. The percentage of Americans going without banking services fell to 7 percent in 2015 from 7.7 percent in 2013. According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 percent.
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PYMNTS
SEPTEMBER 8, 2016
Looking for that ultra-sexy flyover video of your business? Shootly is the mobile app to shoot for. Dubbed the “Uber of photography and droneography,” Cofounder and CEO Garrett Henricksen says he already has more than 25 photographers and a dozen drone pilots ready to meet your photography needs. Whether you’re a real estate agent looking for the flyover money shot, an event planner looking to show off the glitz from tonight’s red carpet production or just a regular joe looking for s
PYMNTS
SEPTEMBER 9, 2016
Residents in Vancouver are getting a little more convenience in their lives thanks to a new app that lets them pay for their meals. According to a report , the co-creator of PayByPhone, a parking app that lets you use your mobile phone to pay for parking, has launched Glance Pay , a mobile app for people who eat out. The app enables diners to pay for dinner at 46 restaurants in Vancouver.
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PYMNTS
SEPTEMBER 8, 2016
With the Same Day ACH rollout just weeks away, financial institutions are working to make sure that Faster Payments in the United States are not plagued by the same problems they were across the pond. When the U.K. rolled out Faster Payments a few years ago, fraud spiked, as fraudsters acted quickly to take advantage of the reduced timeframe. Often, hackers and bad actors would try to sneak fraudulent transactions past banks when they are at their busiest, particularly when a financial instituti
PYMNTS
SEPTEMBER 5, 2016
Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 6, 2016
In its ongoing efforts to expand the bounds of what can — or should — be a wearable, Samsung’s latest possible edition is currently being vetted by the sober minds at Kickstarter. Called the Welt, the smart belt made its first public appearance at the Consumer Electronics show in January — it’s now on Kickstarter with an estimated date of delivery in January of 2017.
PYMNTS
SEPTEMBER 9, 2016
Who knew that Tyler and Cameron Winklevoss, known for their early involvement in Facebook, were in love with bitcoin? And do you care? You might, when you find out that they were the first to file for a bitcoin Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). Some think that bitcoin ETFs will provide the ignition that bitcoin has been looking for.
PYMNTS
SEPTEMBER 9, 2016
Facebook Founder Mark Zuckerberg visited sub-Saharan Africa for the first time in August, shining a huge spotlight on the growing tech center within Nigeria. Not only did Zuckerberg’s visit bring a boost to Nigerian startups, but it solidified that the tech scene in Lagos may be one to watch out for. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take our first trip to Africa and check out the bursting tech ecosystem growing in Nigeria.
PYMNTS
SEPTEMBER 7, 2016
The U.K.’s current transit troubles and strife reflect the ripple effects of not taking action where it is sorely required — when a system is so badly broken that even incremental improvements seem pointless. While U.K rail is about to introduce a mobile app-based payment system, customers are so disgusted with the rail system that they are buying cars to avoid rail travel completely.
Speaker: James Kahler, COO of Full Course
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PYMNTS
SEPTEMBER 8, 2016
Online lender Social Finance Inc has clearly decided to embrace the “go big or go home” mantra with its latest push for funding in the face of generally waning enthusiasm about the whole tech-backed lending concept. SoF is is hoping to buck a recent trend by raising a whopping $500 million in equity to fund new growth initiatives among mass-market borrowers and international markets.
PYMNTS
SEPTEMBER 7, 2016
Payworks ‘ gateway technology, Pulse, wants to provide the lifeblood to point-of-sale transactions for merchants using EMV, contactless and mobile wallets. The company just announced $4.5 million in Series A funding from investors Rumford, HW Capital and Speedinvest. PYMNTS caught up with CEO Christian Deger to find out what keeps Payworks “pulsing” away in the global payments market of gateway providers.
PYMNTS
SEPTEMBER 9, 2016
Over the last few years, PayPal has had the weird privilege of reading its own obituary an unusually large number of times — a somewhat surprising development given that the firm has been growing consistently for almost two decades. For a while there — particularly in the run-up to its split from long-time parent firm eBay and the immediate aftermath — there was a never-ending series of stories suggesting that Apple Pay would be PayPal’s demise or that the card networks/issuers were out to put
PYMNTS
SEPTEMBER 9, 2016
There was once a time when the butcher in town knew you by name, because that’s where you would always buy your meat, and the baker would have your two fresh-baked rye loaves, still hot, sitting on the counter ready for you to pick up on a Monday morning, because that’s where you always bought your bread. ETailers have a leg-up on retailers because they are recreating the shopping experiences of old.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
PYMNTS
SEPTEMBER 6, 2016
Aiming to increase transparency and fairness around its video monetization, YouTube announced changes in a blog post last week. According to YouTube, the company started rolling out improved notifications in Video Manager in an effort to make it fairer and clarify confusion in the creator community around its longstanding advertiser-friendly guidelines.
PYMNTS
SEPTEMBER 5, 2016
Financial services firms have an opportunity to expand mobile payments and account management capabilities thanks to growth in wearable devices. Wearable devices may be in their early stage of adoption, but they are set to grow. According to market research firm International Data Corp., worldwide shipments of wearable devices are targeted to reach 213.6 million units in 2020.
PYMNTS
SEPTEMBER 7, 2016
The United Parcel Service (UPS) plans to raise shipping rates but will wait until after the holiday shopping season to do so, according to Retail Dive. The 4.9 percent rate hike will take effect on Dec. 26 on ground and shipping services, while the freight division will raise its shipping rates on Sept. 19. “UPS continues to make investments in the speed, scope and coverage of our transportation network.
PYMNTS
SEPTEMBER 6, 2016
For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports by Financial Times said late last week — that’s down from 41 percent in 2013. New data from the Bank for International Settlements (BIS) has also confirmed what analysts have been eyeing in recent months, too: Asia is rising to the top of the global FX trad
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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.
PYMNTS
SEPTEMBER 5, 2016
Despite recent efforts, it seems as though Alibaba ‘s counterfeiting controversy is determined to stick around. As of August, a variety of international trade groups have sent Alibaba a letter to inform it that its recent efforts are insufficient to quell the tidal wave of counterfeit goods that is currently flooding the various marketplaces Alibaba operates.
PYMNTS
SEPTEMBER 6, 2016
In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Or watch its digital disruption. There’s just one problem: The current digital environment has introduced whole new varieties of risks, threats and emerging competitors — making the switch to digital for financial institutions fraught with challenges and the prospect of
PYMNTS
SEPTEMBER 5, 2016
Falling asleep on public transportation can be dangerous. Falling asleep in an Uber car can be very costly. At least, that’s the experience of one Uber rider in the U.K. who got hit with a more than $100 bill for a short trip — all because she fell asleep. According to a report by Mashable , Hannah Warman, a London-based comedian, opted to take an Uber car home on Sunday (Aug. 28) night instead of making the short walk home.
PYMNTS
SEPTEMBER 5, 2016
Ask a brand, retailer or marketer, and they’ll all probably say the same thing: Brick-and-mortar retail stores are dying thanks to the rise of eCommerce and online shopping. But is this really true, or is it more of a case of perception influencing reality? And if brick-and-mortar retail really is dead or dying, then maybe somebody should tell that to the retailers themselves?
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PYMNTS
SEPTEMBER 5, 2016
The Hispanic Millennial Project has found some patterns in the use of mobile payments technologies among this demographic. Reports on Friday (Sept. 2) said the research initiative revealed that Hispanic millennials, those aged 18–34, are embracing mobile payments technology. But there are other trends that emerge when the data is broken down even further.
PYMNTS
SEPTEMBER 8, 2016
A new report shows that, across the globe, there were more than 270 billion card payments in 2015, an increase of 15 percent over 2014. Such an increase, according to RBR’s Global Payment Cards Data and Forecasts to 2021, is almost double the 8 percent rise in card numbers alone. This trend underscores worldwide initiatives to move away from cash payments altogether.
PYMNTS
SEPTEMBER 8, 2016
Maybe millennials really are a self-centered bunch? New data suggests that they are buying more gift cards than ever before but then turning around and spending those cards on themselves. Millennials and women are fueling a surge in sales of retailer-specific gift cards, but it seems that they are purchasing more of these gift cards for themselves than to give away to others, as more and more retailers and brands entice consumers with loyalty rewards when they purchase these types of gift cards
PYMNTS
SEPTEMBER 8, 2016
Apple Pay is expanding, announcing a slew of new banks and credit unions in the U.S. that it now supports. According to Apple’s updated Apple Pay support document , it has added more than 20 banks and credit unions in the U.S. Some of the financial firms include First National Bank of Aspermont, Patterson State Bank, Allegiance Credit Union, First New York Federal Credit Union, Pioneer Bank FSB, Anchor D Bank, Glendale Federal Credit Union, Bank of the West, Bay Atlantic Federal Credit Union and
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PYMNTS
SEPTEMBER 7, 2016
It’s been several months since superstar basketball player and former MVP Kevin Durant sent shockwaves through the NBA world by announcing he was leaving the team that drafted him — for whom he had only ever played in free agency — to sign with rival Golden State Warriors. Durant’s decision to abandon the Oklahoma City Thunder also set up the odd dynamic of establishing two of the NBA’s most popular and marketable players — Durant and two-time reigning NBA MVP Steph Curry — on the same team in t
PYMNTS
SEPTEMBER 9, 2016
Artificial intelligence (AI) is getting super-intelligent these days. While Amazon’s Alexa already doesn’t need your voice to function , Google now says its DeepMind unit has crafted a system for machine-generated speech that’s so smart it outperforms the existing technology by at least 50 percent. This means your mobile phone will soon know what you’re saying the first time.
PYMNTS
SEPTEMBER 7, 2016
A new malicious software has been identified as circumventing security features on the Android version 6 mobile phone operating system. That’s according to cybersecurity research firm Kaspersky Lab based out of Russia but registered in the U.K. The malware targets users’ banking apps and steals credit card information. Kaspersky Lab trails the activity of cyberthreats, including such malware, which steals data using an overlay screen on real mobile banking apps and in the Google Play Store.
PYMNTS
SEPTEMBER 7, 2016
Going into investor day, Mastercard is ready to talk about its brand’s evolution from card network to digital payments acceptance network, buttressed by the continued growth and acceptance of Masterpass among issuers, acquirers and merchants worldwide. The highlights of the great digital migration presentation will focus on a few areas: expanded footprint, growing capacity, increasing issuer and merchant support and enhanced functionality.
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