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How Apple Card Brings ‘Existential Crisis’ To Smaller FIs

PYMNTS

With the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. In fact, their slogan for the card is “Created by Apple, Not a Bank?.” And the card is no longer just a payment instrument; it’s more than the card itself.”.

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Study Finds Half Of UK Firms Vulnerable To Invoice Fraud

PYMNTS

As reported, invoice fraud remains among the fastest-growing conduits to fraud in the region, and UK Finance reported that it ranks as the third most-common fraud type, known as “authorized push payment” ruses. Those emails are complete with digital signatures, and list all the impersonated parties’ information.

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CFPB Fines FNBO $32M Over ‘Illegal’ Credit Card Practices

PYMNTS

The CFPB will collect more than $32 million in fines from First National Bank of Omaha over credit card practices the regulator found to be deceptive. The consumer protection agency found that the bank worked to push consumers into add-on services — services for which they were charged whether or not they ever received them.

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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R. Most of the drama this week was in Washington. Wells Fargo’s Rough Week. According to reports, the data was accidently given to the attorney as part of an ongoing lawsuit.

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Bypass CEO: Dining’s Big Digital Disruption

PYMNTS

The problem is that, until very recently, the legacy point-of-sale (POS) systems, which dominated the industry with things like on-site servers, made it incredibly difficult for restaurants to integrate with third-party apps that make those experiences — and data gathering — possible and run efficiently. The Legacy POS Problem.

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A First Look at What’s Coming to the FinDEVr Stage this October

Fintech Labs Insights

Fueled by a strong, open API strategy, Backbase’s platform gives FI’s the ultimate freedom and flexibility to work with any core and third party vendor, to create a best-of-breed digital banking offering for their clients. Did you know that sales-tax in the U.S. is handled unlike any other place on the planet?

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Reopening: The Tech-Enabled Office In A Post-Covid World

CB Insights

The Covid-19 pandemic has disrupted nearly every aspect of our lives, including tasks as fundamental as going to work. While many office workers are still working from home , others across the world are now beginning to return to their offices in person for the first time in months. TABLE OF CONTENTS.

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