PYMNTS

DECEMBER 31, 2019

The following Deep Dive further explores how paper-based methods can result in processing delays and how new, cutting-edge payment innovations can drive accounts payable (AP) automation. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology. Manual processing challenges.

Innovation 153

Innovation Payments Survey blockchain 153

PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market. “The Mastercard. Reports said the filing, dated Nov. 9 with the U.S.

blockchain 130

blockchain Analysis Tools Technology 130

PYMNTS

MARCH 10, 2017

With eCommerce in full swing, many retailers are looking to restructure many facets of their operations. Blockchain technology is often used as the go-to source to enable faster and safer transactions, especially for smaller players in the retail market. and China alone was approximately $660 billion.

blockchain 108

blockchain Payments Retail Technology 108

PYMNTS

JANUARY 30, 2018

No one truly knows exactly where and how blockchain technology will make the greatest impact. Regardless of where blockchain makes its mark, what is certain is that corporates have to trust that a largely unfamiliar innovation will work the way it should; that means securely, efficiently and easily.

blockchain 144

blockchain Security Software Tools 144

PYMNTS

JANUARY 5, 2017

As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A But blockchain has also become a tracking mechanism, more so a cost-cutting measure for a variety of reasons. billion for a typical lender.

blockchain 115

blockchain Samsung Industry Security 115

PYMNTS

NOVEMBER 12, 2018

However, these professionals have their own ideas about where corporate payments innovation should be headed. Firms are currently struggling with a lack of data attached to transactions, and are readying for industry disruption from real-time payments, tokenization, cross-border payment improvements and blockchain, to name a few.

Innovation 111

Innovation Payments Survey blockchain 111

PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Faster payments initiatives, blockchain and other disruptions all show promise to make major changes in the B2B payments space. Commercial cards probably won’t see any massive bursts of innovation or adoption, either.

Innovation 100

Innovation Payments Regulation Fraud 100

PYMNTS

OCTOBER 27, 2019

In an interview with Karen Webster, Jess Turner, executive vice president of North American Digital Payments at Mastercard , delved into the network giant’s expansion into the healthcare and supply chain spaces using advanced technologies such as blockchain, artificial intelligence (AI) and biometrics. Making Waves With Blockchain.

blockchain 100

blockchain Guidelines Fintech Fraud 100

PYMNTS

SEPTEMBER 11, 2019

Thai state-owned oil and gas company PTT and blockchain energy nonprofit Energy Web Foundation (EWF) have announced that they are teaming up to build a blockchain-based renewables platform. Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters.

blockchain 119

blockchain Company Bitcoin social media 119

PYMNTS

SEPTEMBER 20, 2018

With spiking investments in digital payment solutions, the B2B sphere appears to finally embrace innovation. In today’s highly competitive market, the pressure is on to maximize profits and streamline B2B payment structures by reducing their operating costs, time consumption and potential for errors and fraud.

Innovation 124

Innovation Payments blockchain Technology 124

PYMNTS

JUNE 27, 2017

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done? JB: Innovation often means taking a risk.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

SEPTEMBER 19, 2017

In 2016, corporate banking made up 38 percent of overall operating income across 20 of the world’s largest banks,” explained Patricia Hines, senior analyst at Celent, in a statement. The disruptors range from machine learning and blockchain to APIs and faster payment initiatives, and banks have a choice to make when pursuing these tools.

Innovation 108

Innovation Survey blockchain Lending 108

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. Cost savings, mitigation of forex volatility, faster settlement, greater efficiency and reduced processing time are all some of the potential benefits of blockchain, the group added.

blockchain 100

blockchain System Groups National 100

PYMNTS

MARCH 14, 2019

Strategic Treasurer and TD Bank found in their survey that the majority of respondents said manual processes are their biggest operational challenges today, more so than issues like fraud, regulatory changes or staffing. Even fewer — 5 percent — have adopted blockchain, and only 2 percent use cryptocurrencies.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

JANUARY 28, 2020

When it comes to payment rail innovation, transaction speed is often the catalyst driving change. The Clearing House, which operates one of the U.S.’s SMBs Embracing the Blockchain Rail. The Clearing House Expands RTP Opportunity. 1, a move that could encourage broader use of RTP in the B2B payments arena. percent jump.

Payments 199

Payments blockchain cryptocurrency Innovation 199

Insights on Business

SEPTEMBER 17, 2016

Perhaps nowhere does this saying apply as well as it does to the growing interest and adoption of blockchain technology in the global banking industry. I’m as sure as I can be that blockchain represents an important new technology. And they’re prone to tampering and other forms of fraud. So is IBM urging its immediate adoption?

blockchain 70

blockchain Study Security Industry 70

PYMNTS

JUNE 21, 2016

The effort provides innovative early-stage startups with access to an immersive six-month program where they receive guidance and support from MasterCard on scaling their operations and entering new markets and industries. “It’s not a random set of companies.

Innovation 103

Innovation Groups Operations blockchain 103

PYMNTS

MARCH 22, 2019

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. Blockchain, too, could be employed in the interests of data security. We have a very agile platform.”

Mobile 100

Mobile Fraud Security Data 100

NCR

AUGUST 18, 2017

Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. Why banks are excited about blockchain. Financial institutions are exploring blockchain for its potential to reduce costs and streamline processes.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

Security 130

Security Fraud blockchain Cards 130

PYMNTS

SEPTEMBER 12, 2018

federal judge says that securities law applies to crypto fraud, China has a lead in an important patent area and a major bank makes a big investment push in cities. 11), touting the success of the operation four years after its launch. Judge Says US Securities Law Applies t o Crypto Fraud Cases.

Detroit 100

Detroit Chicago Fraud Washington 100

PYMNTS

JANUARY 17, 2018

“Of these, Big Data, blockchain and AI are integral to a successful and progressive FinTech industry.”. The company announced the financial support while noting it aims to develop its own Big Data and AI solutions and to apply blockchain, cloud and SaaS technologies into its operations as well.

Trends 116

Trends Big Data blockchain Regional 116

PYMNTS

OCTOBER 20, 2017

PYMNTS takes a look at those cybersecurity firms, plus a few of the treasury management, blockchain and logistics firms that also grabbed fresh funding. This California-based startup has a particular cybersecurity focus: payments fraud. Feedzai provides its AI-based fraud management tool to banks and businesses. Blockchain.

Capital 109

Capital blockchain Fraud Security 109

PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas.

Analytics 116

Analytics Fraud Innovation Industry 116

PYMNTS

NOVEMBER 16, 2017

Corporates may be aware that greater disruption from innovative technologies is coming, but that doesn’t mean they’re necessarily ready for it. In its report, the AFP examined corporate adoption of robotic process automation (RPA), artificial intelligence (AI) and blockchain technology. Blockchain.

blockchain 128

blockchain Survey Tools Technology 128

PYMNTS

JANUARY 18, 2022

That is likely why the purchase of the bank will not be by BitMEX, but by a new German company, BXM Operations AG, founded and owned by Höptner and CFO Stefan Lutz. Despite its long roots, Bankhaus von der Haydt claims to have been an early adopter of FinTech and blockchain technology, which is says “turns banking digital.”.

Regulation 169

Regulation cryptocurrency Groups Innovation 169

Insights on Business

MAY 1, 2018

As the banking Payments ecosystem in Canada continues to expand, IBM is looking forward participating in the upcoming Payments Canada Summit , held in Toronto on May 9-11 with industry leaders, innovators and challengers. Blockchain. This panel is moderated by Doug Alexander, Financial Services Reporter at Bloomberg News. Biometrics.

System 126

System Payments blockchain Fraud 126

PYMNTS

MARCH 20, 2020

But Michael Ellis, head of commercial at Equiniti Group’s EQ Riskfactor , said the market is also quickly discovering that lenders themselves can benefit from unlocking data to improve SMB financing operations, and the U.K.’s For lenders, unlocking data also means strengthened fraud mitigation. A Win-Win for Banks and SMBs.

Lending 233

Lending Data User Experience Fraud 233

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. Both are critical. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. Both are critical. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

MAY 27, 2016

As for what else happened this week in bitcoin … Santander Takes Blockchain Cross-Border. bank to use blockchain for international payments, according to a Reuters report — and it is said to possibly bring the service to its customer base within the year. NASDAQ Launches Blockchain-Focused Financial Framework.

Bitcoin 104

Bitcoin blockchain Operations Fraud 104

Insights on Business

OCTOBER 16, 2018

For those in marketing, data and analytics roles who have business operations responsibility. Carmelle Cadet, IBM Blockchain Payments Business Development Manager. See how blockchain is transforming the payments landscape with speed, transparency, and cost savings from a traditionally slow, costly and process-intensive industry.

Fraud 117

Fraud Customer Experience Analytics blockchain 117

NCR

JUNE 1, 2016

That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular? They are fully aware of both the potential and the pitfalls of blockchain operations, and they know the subtleties between what it is, what it could be, and what it might be.

blockchain 40

blockchain Bitcoin Michigan Policies 40

PYMNTS

FEBRUARY 6, 2018

Further, automation in AP can address one of the largest challenges corporates face today: fraud. When we look at AP fraud specifically, the risks that these companies are facing is only increasing,” said APEX Analytix Senior Vice President Phil Beane in an earlier interview with PYMNTS. Technology for Technology’s Sake.

blockchain 101

blockchain Fraud Tools Technology 101

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Fraud Prevention. Fraud Trends. FinCEN Guidance on Cyber Fraud – Video.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Fraud Prevention. Fraud Trends. FinCEN Guidance on Cyber Fraud – Video.

Fraud 195

Fraud cryptocurrency System Trends 195