BayPay Members Blogs

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Ex-Citi worker imprisoned for sabotaging bank's computer system

A former Citi employee who knocked out 90% of the bank's networks across North America after a meeting with his supervisor about his work performance, has been sentenced to nearly two...
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Alternative Lending: Friend or Foe to Banks?

An Interview with Glenn Goldman of Credibly Recently I had the opportunity to pose a few questions to Glenn Goldman, CEO of alternate small business lender Credibly. They have focused...
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Square gives sellers same-day deposits

Cash flow and access to capital are some of the biggest challenges faced by local sellers when growing a business, often due to lengthy settlement times as long as five days....
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Crescent Wealth chooses NewVoiceMedia call centre tech

NewVoiceMedia, a global provider of cloud technology which helps businesses sell more, serve better and grow faster, today announced that Crescent Wealth has transformed its customer experience with its ContactWorld for...
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Shawbrook Bank enlists Jaywing for IFRS 9 compliance

Credit risk analytics expert, Jaywing, was appointed by Shawbrook Bank at the start of the year to support it through the build of a comprehensive credit risk modelling programme that will...
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ATM Security Association releases white paper on cash cassette security

The ATM Security Association releases the second result by one of its expert working groups. The white paper on cash cassette security is now available for download from the association’s website....
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Groupe BPCE agrees to buy Fidor

German digital challenger bank Fidor is being bought by France's Groupe BPCE. Fidor will continue to operate as an independent business following the acquisition, terms of which have not been disclosed....
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Call for standards to aid fintech growth

Standards have the potential to strengthen and speed up fintech development in the UK, according to a paper recently published by BSI. The paper, entitled A Roadmap for Fintech Standards, presents...
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Can Banks Become New Video Stores?

Some time ago, I read an article by a former employee of a video store, which vanished from the surface because of the supremacy of video streaming services like Netflix or Hulu. ...
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Wincor Nixdorf claims net sales rise

Having completed the first nine months of its current fiscal year, Wincor Nixdorf AG remains on a clear path of growth and is reaping the rewards of its restructuring program more...
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DBS looks to the cloud to become more 'fintech-like'

Singapore's DBS Bank has signed up with Amazon Web Services (AWS) as it prepares to shift up to half its compute workload to the cloud over the next two years. The...
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Business Banking Insight site launches to help firms pick providers

The Business Banking Insight (BBI) aims to help over 5 million UK businesses to identify which bank is best for them and get the best possible service. The survey, as originally...
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MasterCard Q2 net income rises

MasterCard Incorporated (MA) today announced financial results for the second quarter of 2016. The company reported net income of $983 million, an increase of 7% or 8% on a currency-neutral basis,...
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Payment Data Systems launches iOS payment processing SDK

Payment Data Systems, Inc. (PYDS), an integrated payments solutions provider, today announced the launch of PDS Checkout for Apple iOS, a software development kit (SDK) that enables mobile apps to easily...
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Thomson Reuters posts flat Q2 revenue

Thomson Reuters (TSX / NYSE: TRI) today reported results for the second quarter ended June 30, 2016 . The company also re-affirmed its 2016 full-year outlook. "Our core business showed resilience...
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BBVA in management reshuffle for digital banking push

Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) is set to embark on a second management reorganisation within 14 months in anticipation of a further push of its digital banking plans, according...
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UK payments regulator calls for structural reform

The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs. The PSR has just completed a market review...
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UKForex launches new online service

UKForex, part of OFX, one of the world’s largest international payment businesses, has today announced the launch of OFX for Online Sellers, a new online merchant solution that streamlines payments from...
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Visualisations - From Data to Information

The one thing that there is no dearth of in the current world, is Data. Therein lies the boon as well as the bane. On one hand availability of large...
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Lloyds to cut further 3000 jobs and close 200 branches in wake of Brexit vote

Lloyds Banking Group is accelerating its cost-cutting drive by announcing more job cuts and branch closures despite doubling its profit in the first half of 2016. The UK high street bank...
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