PYMNTS

JANUARY 26, 2021

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic.

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PYMNTS

JANUARY 21, 2020

These are still early days but trends are coming together — and expectations are rising, thanks not only the evolution of AR and VR technology, but the coming deployments of 5G mobile network ecosystems. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well.

Retail 210

Retail Trends Washington Technology 210

PYMNTS

JANUARY 20, 2021

Bolt’s technology-centered approach offers riders on its platform a more hygienic alternative to mass transit. The company works with independent operators and gives drivers the opportunity to launch their own micromobility businesses. . “We

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South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. One major innovation is the ability to send an “information only” message to add more data to a transaction message.

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PYMNTS

JULY 30, 2020

Plus, the testimony of tech giants on Capitol Hill revealed chief executive officer views on competition and innovation. The audit determined that personal information held by the main digital payments system in the country operated by the RuPay card network was vulnerable. Enova To Buy OnDeck In $90M Stock And Cash Deal.

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PYMNTS

OCTOBER 28, 2020

In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. percent until 2025, when it is poised to reach $42.9 Across The Payments Orchestration Ecosystem. About The Playbook.

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Payments Report Operations United States 257

Cisco

APRIL 26, 2022

The convergence of mobile, cloud, and IoT technologies continues to create new opportunities for institutions to deliver personalized and contextual financial services. Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey. trillion by 2025, growing at a CAGR of 16.9%.

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Big Data Data Analytics Examples 143

PYMNTS

NOVEMBER 15, 2019

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

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PYMNTS

JANUARY 12, 2021

The selection of the cities had a lot to do with putting the vehicles near our customers so that they would all have the opportunity to experience the technology firsthand because we expect our OEM customers to continue to be an important part of our business going forward, even as we supply a complete self-driving system.”.

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PYMNTS

JANUARY 24, 2020

It’s operational in the Middle East, Southeast Asia and India. Together, we have a unique opportunity to use Mastercard’s global presence and technology infrastructure to enhance our growth and enable us to meet the growing needs of customers in India and beyond.”. billion by 2025. billion in 2021, and $52.5

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Payments Innovation Study Meeting 152

PYMNTS

FEBRUARY 26, 2020

Successful companies know they must be agile and flexible to meet customers’ ever-changing demands, forge valuable long-term supplier relationships and operate smoothly. Bringing AP automation to ERP offerings enhances working capital management, reduces operational costs and improves productivity. billion by 2025.

Software 209

Software Fraud Resources Tools 209

PYMNTS

MAY 26, 2017

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. are losing nearly $30,000 every month because they operate as a cash-only establishment.

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PYMNTS

APRIL 16, 2018

Barclays , gearing up to drive more innovation, and thus profit, in its U.K. Davey will spend his time creating new business lines, promoting innovation and thus driving more returns. The way we will work as a team will look and feel very much like a startup or scale-up operation,” Davey said in a statement to Reuters.

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Capital Strategy Innovation Operations 122

Bobsguide

SEPTEMBER 19, 2022

Banks are depending on the cloud to build better systems for the future, but legacy technology is holding 62% of them back. Continued adoption of GFT’s approach to reimagining banks’ current technology with core digital solutions moved the company up 14 spots this year, ranking #35 and earning recognition as a “Fast Track Fintech.”.

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Fintech Taxes Customer Experience Industry 68

Abrigo

FEBRUARY 3, 2020

Key Takeaways At many financial institutions, a substantial share of the IT budget is tied up in technology infrastructure and maintenance and cannot be used for new initiatives. Technology spending priorities. Dollars for innovation tied up in IT infrastructure. The trend away from on-premise technology.

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Resources Security Customer Experience Fraud 150

PYMNTS

NOVEMBER 11, 2019

Douglass has a front seat to all the ongoing and massive changes happening in the restaurant industry as operators deploy better technology and consumers demand more digital and mobile options. Now Douglass, whose company is based in Chicago, can name numerous locations in that city where those virtual kitchens operate.

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Trends Operations Chicago Technology 134

PYMNTS

JULY 7, 2020

and European automobile “sales” by 2025. We are constantly looking at new and innovative ways to deliver the best solutions for our customers, and adding the Pivotal subscription service to our portfolio is the latest in a line of new services that put our customers’ needs first.”

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Management Branding Innovation Retail 191

PYMNTS

FEBRUARY 17, 2020

IoT technology has rapidly expanded beyond in-home devices into cities worldwide. Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years.

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Security Data United States Florida 252

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments.

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PYMNTS

OCTOBER 26, 2017

A new report reveals that the market for AI technologies could potentially generate more than $60 billion worth of productivity improvements per year. In the United States alone, the market for AI technologies that analyze unstructured data is projected to reach $40 billion by 2020. trillion and $13.17 trillion to the global economy.

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United States Industry Security Technology 100

PYMNTS

AUGUST 27, 2018

Volkswagen has a $4 billion plan for connected and autonomous vehicle technology, one that includes a proprietary software operating system and will support car sharing, delivery and other services. The company plans to spend that money through 2025, according to a report from Reuters. OTA Software. Growing Market.

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Software Google Detroit System 100

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that. What’s on the horizon for retail banking? Versluys says.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

JUNE 27, 2017

The Groupe Spéciale Mobile Association ( GSMA) announced Monday that its Mobile IoT Initiative was gaining traction with multiple commercial rollouts of Low Power, Wide Area (LPWA) solutions by several mobile operators including AT&T, China Mobile, China Unicom, China Telecom, Deutsche Telekom (DT), Verizon and Vodafone.

Mobile 100

Mobile Operations Marketing Groups 100

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.

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PYMNTS

APRIL 14, 2020

“Some industry analysts have predicted that robotics in retail will be involved in more than three-quarters of logistics operations, with McKinsey estimating that autonomous vehicles will make up 80 percent of deliveries by 2025.”. It is also rising on the sales floor.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

NOVEMBER 27, 2019

Additional PYMNTS research found that firms believe implementing automation could significantly improve their operations, particularly their B2B payments. Companies adopting such technologies can reassign workers to revenue-generating tasks instead of needlessly draining their hours on manual data entry, approvals and check printing. .

Millennials 161

Millennials Payments Capital Technology 161

PYMNTS

APRIL 10, 2019

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. The estimated compound annual growth rate (CAGR) of the global mPOS systems market from 2019 to 2025 is 18 percent.

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Retail Payments Mobile Apple 259

PYMNTS

SEPTEMBER 18, 2019

According to researchers, FinTech startups threaten to take a $280 billion piece of banks’ payment revenue pie by 2025 with their competing services — worth 15 percent, reports noted. On the friend side of that, they have the ability to help banks with technology.”. According to its latest research, some of the U.S.’s

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Fintech Payments Meeting Capital 144

PYMNTS

JULY 28, 2019

The $55 million center, expected to become operational in 2021, will measure up to 375,000 square feet and is expected to generate up to 400 new jobs. The two companies have broken ground on what they call America’s second “customer fulfillment center” (CFC), located in Groveland, FL, according to a press release. the release said.

Florida 129

Florida Customer Experience Mobile Cards 129

Bobsguide

JUNE 13, 2022

In 2025, global spending on digital transformation will be more than double the amount it was in 20201). – GFT’s UK operation contributed to global results with 18 percent of total revenue, a figure which grew by 50 percent compared to the first quarter of 2021. million to around EUR 58 million.

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Groups Taxes Regional America 60

PYMNTS

DECEMBER 3, 2019

The key to that future is emerging 5G mobile network technology. Sure, retailers, healthcare providers and other operations with firm footing in the digital economy are seeking, finding and crafting use cases for 5G, which, above all, promises speedier and more robust information flows among people and businesses.

Payments 149

Payments Mobile Industry Technology 149

Bobsguide

MARCH 28, 2022

Brian McKenney, Chief Innovation Officer, HSBC said , “The application of BaaS represents an attractive opportunity to create new value for businesses around the world. It is estimated there will be as many as 60 billion IoT devices in operation by 2025; we expect these devices to be interacting, transacting and many will need to be financed.

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Qudos Bank

FEBRUARY 15, 2024

For decades, women have faced many barriers to equality, so having access to digital technologies and education is critical, especially when championing those working in science, technology, mathematics, and engineering (STEM). How can we use this technology, as a society, to harness the full potential of every Australian?

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Leadership Innovation Community Technology 52

PYMNTS

AUGUST 22, 2018

As the company claims in the F-1: “Farfetch is the leading technology platform for the global luxury fashion industry. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. We are redefining how fashion is bought and sold through technology, data and innovation.”.

Online 101

Online Retail Branding Data 101

PYMNTS

SEPTEMBER 18, 2018

In fact, online grocery sales are projected to have a 13 percent annual growth rate in 2018, with online grocery sales projected to reach $100 billion by 2025. The pressure is on grocers and supermarket operators to deliver on consumers’ demand for choice, savings and convenience. Over the past four years, nearly 20 major U.S.

Report 161

Report Trends Mobile Online 161

South State Correspondent

APRIL 24, 2023

Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. By 2025, banks should be considering radically different business plans and execution platforms than they have now.

social media 195

social media Data Marketing Technology 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. More states require greater disclosure and control over what banks and card processors can charge.

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Conference Payments Fraud Data 195