PYMNTS

AUGUST 6, 2020

are made with cash , for example, and 63 percent of consumers have at least two credit cards. billion by 2024, indicating the corporate world’s record-high demand for instant payments. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

DECEMBER 1, 2017

Mastercard is planning to hire 470 people as the company expands its technology hub in New York City. Mastercard, the world’s second-largest payments network — which already has 250 research, development and technology employees in New York — plans to add the new jobs by 2024. The others are located in St.

St. Louis 115

St. Louis New York New York City Technology 115

PYMNTS

OCTOBER 6, 2020

At a time of increased consumer use and acceptance of the new COVID-era digital lifestyle, the pressure is mounting on large, legacy lenders to accelerate their innovations – or become obsolete. To be fair, it’s not as if banks have been ignoring the technological shift.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

PYMNTS

MARCH 25, 2019

New digital innovations, however, provide the promise of offering valuable customer data to merchants. From Rent the Runway to McDonald’s , retailers are tapping into a world of technology that lets customers make transactions without visiting a cashier. stores per quarter for eight to nine quarters as of last June.

Retail 198

Retail San Francisco Houston Branding 198

PYMNTS

JANUARY 12, 2021

As PYMNTS has reported, consumer expectations and retail commerce have both evolved quickly to meet the demand that everything from credit to debit cards to digital wallets be on offer as payments choice. Technology brings the concept of flexible payments into reality. Flexibility Is Key. PaaS could be worth as much as $16.7

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

San Francisco 283

San Francisco Boston Policies Massachusetts 283

PYMNTS

APRIL 10, 2019

certification: They must, for instance, resolve issues when a payment reader’s too-powerful field strength results in damaged smartphones and cards. From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers.

Retail 259

Retail Payments Mobile Apple 259

PYMNTS

JUNE 28, 2018

Coverage includes Oracle ’s decision to bring its FinTech Innovation Program to Brussels. In addition, blockchain technology is expected to take hold in India and BS/2 plans to expand its point-of-sale (POS) terminal network in Georgia. “Blockchain technology is bound to register substantial growth over the coming years.

blockchain 109

blockchain Georgia Fintech Innovation 109

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

APRIL 15, 2019

To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. We love shrinking down, and bringing the design and technology a whole new flavor.

San Francisco 130

San Francisco Retail System New Jersey 130

PYMNTS

NOVEMBER 19, 2020

And 88 percent said they’d had a “consistently positive user experience” with NFC contactless technologies. As reported by India Retailing last month, “mobile wallet adoption is gradually displacing traditional payments such as cash and cards in India.” Mobile wallet transaction value could exceed $1 trillion by 2024.

Google 254

Google Mobile Apple Survey 254

Gonzobanker

FEBRUARY 1, 2023

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 145

Arizona Kansas City Industry Phoenix 145

PYMNTS

OCTOBER 20, 2020

Colombia-based RobinFood — Latin America’s fastest-growing chain of “cloud” restaurants — credits proprietary technology, the explosive growth of FinTechs and pandemic-led lifestyle changes as the secrets of its success. We are a tech company that sells food,” Vega said. Try It, You’ll Like It.

Company 184

Company America Kentucky Regional 184

Fintech Labs Insights

MARCH 15, 2024

But there is another event debuting this year that I completely get, Fin + AI 2024 It could easily become a fixture on the fintech conference circuit. Finally, it’s only fitting that I gave OpenAI’s ChatGPT a chance to convince you to attend an AI event in 2024.

Conference 15

Conference Las Vegas Fintech Case Study 15

PYMNTS

JANUARY 12, 2021

As PYMNTS has reported, consumer expectations and retail commerce have both evolved quickly to meet the demand that everything from credit to debit cards to digital wallets be on offer as payments choice. Technology brings the concept of flexible payments into reality. Flexibility is Key. PaaS could be worth as much as $16.7

Payments 153

Payments Compliance Technology Taxes 153

PYMNTS

DECEMBER 18, 2019

From McDonald’s to Starbucks , quick-service innovators are expanding their mobile ordering efforts with the inclusion of delivery. Wendy’s is looking to bring sales from digital orders up to 10 percent by 2024. McDelivery was to be available both on Seamless and on Grubhub. The number of U.S.

Mobile 131

Mobile New York City Innovation New York 131

PYMNTS

OCTOBER 11, 2019

Great news for innovative retailers. The self-checkout system market is expected to increase from its current value of $2 billion to more than $4 billion by 2024, according to a new study. Customers can use credit cards or cash or go completely cashierless with Grabango’s payment app. Less so for cashiers. Potential Downsides.

Retail 117

Retail Study Minnesota Video 117

PYMNTS

JANUARY 7, 2020

At the same time, he saw innovation and growth in the Airbnb short-term rental space. Consumers pay for their storage by credit card, and the hosts get paid out every Friday through Stripe , which Korbel said “is our third-party payment processor.”. Korbel noted there is a lot of attention and innovation around smart cities.

New York City 132

New York City Washington Training Austin 132

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. Technology-forward banks spend as much as 16.4% and 11.1%, with a median of 8.1%

Capital 195

Capital Operations Customer Experience Comparison 195

PYMNTS

JUNE 27, 2016

But any business can find efficiencies in how they get the tangible products they need to function, and one area that is ripe for innovation between technology and cost-cutting is education, and specifically parochial education. In an interview with PYMNTS, Dennis Toohey, principal of Xperience Inc.,

Management 102

Management United States Analysis America 102

CB Insights

JUNE 7, 2021

Marqeta , a cloud-based open API platform for modern card issuing and transaction processing, recently filed its S-1 in preparation for its shares to start trading publicly in June. Marqeta allows businesses to offer payment card products to customers without having to deal directly with a traditional bank. Phone number. Key Takeaways.

Cards 73

Cards Innovation Payments Fintech 73

PYMNTS

MAY 31, 2018

Internet of Things (IoT) technology isn’t just for a smart fridge or a smart speaker in the home: It also has applications for retailers. Consumer products like Fitbit , Square and Nest all use similar wireless IoT technology to inform users in real time, and many people have come to expect that sort of ease and immediacy.

Marketing 142

Marketing Google San Francisco Technology 142

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 40

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For S tay one step ahead of fraudsters by investing in a fraud detection solution.

Fraud 221

Fraud Training Risk Management Software 221

Abrigo

MAY 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months.

Lending 195

Lending St. Louis Community Marketing 195

South State Correspondent

JUNE 27, 2023

One major innovation is the ability to send an “information only” message to add more data to a transaction message. This allows an entirely new layer of transaction richness to take place and for banks to innovate on various products. This increased interoperability can drive innovation and open up new business opportunities.

System 195

System Data Examples Payments 195

Abrigo

APRIL 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

JANUARY 28, 2021

To that end, this week PNC Bank said it has reached a deal to buy Tempus Technologies for an undisclosed sum. Tempus Technologies solutions will be integrated with PNC’s existing payments platforms, such as the RTP Network, ACH, Wire Transfer and Zelle, said the company. Offerings include payments apps and payments portals.

Payments 151

Payments Texas Management Technology 151

PYMNTS

OCTOBER 11, 2019

Here is what we’ve learned from the Libra experience that may be helpful to other innovators who have large plans to change the world. Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility. The Upgrade Card is tied to a line of credit that can be used everywhere that Visa cards are accepted.

Cards 116

Cards Online Houston Digital Banking 116

Fintech Labs Insights

APRIL 16, 2020

Companies were abandoned and it led to a 5- to 6-year drought in fintech innovation. First, we are much, much further ahead technology-wise than during the last 2 crashes. Community service: Food-bank fundraisers, gift card marketplace for local businesses, etc. 2024+ Digital-only era. – 2024+ Digital-only era. –

Fintech 15

Fintech UX Community Comparison 15

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

AUGUST 12, 2019

if you can just hang in there until about 2024. Prepaid payroll cards were introduced decades ago as a paper check alternative for the unbanked and underbanked worker. Over the last several years, an army of innovators with billions in venture funding have built instant pay products on top of card network debit rails.

Payments 196

Payments Innovation System Cards 196

PYMNTS

OCTOBER 1, 2019

Okay, that’s not the best joke ever from the PYMNTS Bureau of Stand-Up Comedy, but the point is that the popularity of pizza constitutes a driving force for ongoing retail innovation – and we have proof. We used to just have a digital punch card,” said Kevin Blesy, head of strategy for &pizza. Domino’s Innovations.

Innovation 109

Innovation Retail Mobile Washington 109

PYMNTS

FEBRUARY 1, 2021

Eleven years ago, video conferencing tech was in a very different place, even though the technology itself had come a long way from the commercial launch of Bell Lab’s Picturephone in 1964. It had the “fax” problem: The only way people could see each other was if the party on the other end had access to the same technology.

US 345

US Innovation Video Maine 345

FICO

JANUARY 5, 2023

The CFPB's New Open Banking Proposal Will Accelerate Exciting Product Innovations. While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives.

Policies 52

Policies Company Regulation Risk Management 52