PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. Nacha Adopts Eight ACH Payment Updates.

Innovation 241

Innovation Cards Payments Technology 241

PYMNTS

MARCH 17, 2020

Credit union (CU) members are known for loyalty to these financial affinity groups, but that loyalty is being tested. The 2020 Credit Union Innovation Index , conducted in partnership with PSCU , found that over 20 percent of members would drop their current CU over lack of innovation. percent to 21.9 Competitive Threats.

Innovation 159

Innovation Study Operations Examples 159

PYMNTS

SEPTEMBER 16, 2019

These are some of the ways that innovators in the dining space are making it easier for consumers to order their favorite foods — and for restaurants to accept their orders: The projected value of online restaurant delivery sales by 2022, compared to $25 billion today, is $62 billion. The projected share of U.S.

Innovation 192

Innovation Mobile Groups Indiana 192

PYMNTS

MARCH 29, 2019

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. Alan Gottlieb, chief operating officer at Lerner Sports Group, said it was important for Nationals fans to get the most out of their ballpark experience.

Washington 134

Washington National Google Apple 134

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I

Community Bank 196

Community Bank Community National Fresno 196

FICO

JULY 15, 2021

But thanks to nonprofit organizations like Operation HOPE — which collaborates with financial institutions, corporations, municipal agencies, and community organizations to help low- and mid-income Americans achieve financial independence — credit education is available more widely than ever before. Operation HOPE Global Board of Advisors.

Operations 98

Operations National Community Analytics 98

Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. And our team of industry experts is excited to connect, collaborate, and address the most pressing business needs of national and regional carriers. What Matters Most to Insurers in 2023?

Conference 221

Conference Strategy Innovation Industry 221

PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research from Mercator Advisory Group predicts B2B payments will become the largest payment segment in the U.S. Finance reported last week.

Innovation 130

Innovation Payments blockchain National 130

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. has only a minimal reliance on paper paychecks, with direct deposit via the nation’s Bacs payment service commonplace. Speeding Up Wages.

Innovation 186

Innovation Data Payments Groups 186

PYMNTS

MARCH 12, 2020

The company also set up a multi-million-dollar subsidy program to reduce operating costs and capital risks for their merchants, in an effort to help them get back to work safely and efficiently. An Opportunity for Innovation . As the situation evolves, Wang told Webster, the innovative responses are doing the same.

Innovation 283

Innovation Policies social media Examples 283

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. Innovation On The Rise.

National 133

National Training Bitcoin Samsung 133

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

Innovation 78

Innovation Customer Experience Strategy Operations 78

PYMNTS

DECEMBER 4, 2020

according to CryptoNews, citing data from The Havana Consulting Group and Tech. The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement.

cryptocurrency 152

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PYMNTS

NOVEMBER 15, 2020

He said it has "huge implications" on payments as well as the general way society would operate. Those comments came about six months after other BoE comments saying that it planned to lead a group alongside top global banks to explore numerous concerns with issuing the currencies. at the cutting edge of payments innovation.

Innovation 259

Innovation National Regulation Report 259

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We This means getting regulation right is critical.

Regulation 349

Regulation National System Industry 349

PYMNTS

AUGUST 13, 2019

last year, according to the National Retail Federation , a trade group. Even so, the trade group said that “with fewer families surveyed saying they have children in grades K-12, spending is expected to total $26.2 Retail back-to-school spending for families will hit an average of $696.70 this year, up from $684.79

Retail 127

Retail Innovation Course Trends 127

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. In recommendations issued earlier in the month by the U.K.’s Beyond The Companies .

Regulation 352

Regulation social media Course Apple 352

PYMNTS

MARCH 2, 2020

Lloyd’s Head of Innovation Trevor Maynard said per the report that the British insurance company is the “natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things.”. The group has been blamed for stealing over $500 million in digital currency as long ago as 2018.

Bitcoin 177

Bitcoin Policies Groups California 177

PYMNTS

MAY 1, 2017

Still, Jana’s activism will likely continue to positively influence investor sentiment and share value with it as long as the prospects for innovation (and maybe even a sale) stay in sight for the organic grocer. As of today, Instacart operates in 41 U.S. expansion prospects.

National 100

National Las Vegas Texas Columbus 100

PYMNTS

SEPTEMBER 14, 2020

Middle Eastern finance group Emirates National Bank Dubai (NBD) has deployed a centralized international payments hub on Tata Consultancy Services ' TCS BaNCS For Payments, according to a press release , which will help to boost payments in numerous countries across the world.

Payments 175

Payments Operations Regional Innovation 175

PYMNTS

DECEMBER 28, 2020

28) that it closed its acquisition of ShopRunner, which will operate as a part of a new group inside of FedEx Services named FedEx Dataworks. Save A Lot, the discount grocery retailer, revealed the sale of 51 stores operated by the firm in the Tampa, Florida market to Fresh Encounter. FedEx Wraps Up ShopRunner Purchase.

Tampa 188

Tampa Retail Florida Branding 188

PYMNTS

NOVEMBER 8, 2017

Dozens of countries already have real-time payments programs in operation, with several more under development, as identified by financial services technology provider FIS in its latest Flavors of Fast report. In the three years since FIS began this annual report, the number of real-time payments programs more than doubled, researchers noted.

Innovation 101

Innovation Payments System Operations 101

PYMNTS

APRIL 2, 2020

Australia’s national science agency plans to test a pair of vaccines over the next 90 days, part of a global race to stop the coronavirus pandemic. As researchers scramble for a cure, a doctor featured in “Pandemic,” a Netflix documentary, announced his team may have discovered a coronavirus cure which will now be tested by the U.S.

San Francisco 233

San Francisco US Survey New York 233

PYMNTS

JANUARY 27, 2021

The National Restaurant Association , the country’s (and world’s) foodservice trade association, released its annual State of the Restaurant Industry report on Tuesday (Jan. 26) compiling and analyzing data elicited from 6,000 restaurant operators and 1,000 adult consumers. Healthier And More Indulgent.

Industry 264

Industry Report Technology National 264

PYMNTS

AUGUST 31, 2017

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. This month the Federal Reserve named Dave Sapenaro , its current first vice president and chief operating officer at the Federal Reserve Bank of St.

Innovation 162

Innovation How To Payments St. Louis 162

PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Faster Payments Council Announces Board Advisory Group. Businesses Ready To Jump Into RTP. This week, the U.S.

Groups 252

Groups Payments Survey Data 252

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release. RBA expects to finish the project at the end of this year.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160

PYMNTS

JUNE 6, 2017

From some guy’s garage in San Francisco, a group of math nerds has grown into one of the world’s finest-tuned machine learning operations. I’ve had the privilege to study and do research at many amazing universities and national labs around the world throughout my career.

Operations 168

Operations Tools Data San Francisco 168

PYMNTS

SEPTEMBER 28, 2020

Plus, a new challenger bank in Italy has plans for the nation's largest open banking platform. Enel X , the business unit of Enel Group, Europe's largest utility, recently revealed in a press release a new partnership with open banking technology provider Tink. HighRadius & Commerce Bank. Tink & Enel X.

Fintech 204

Fintech Tools Groups Management 204

PYMNTS

FEBRUARY 4, 2020

In 2019, Aliaswire won the National Automated Clearing House Association (NACHA) ACH Network Challenge, as well as the Electronic Transaction Association (ETA) Innovation Award. . Aliaswire is delivering great value and driving transformational change in the market with its compelling and innovative approaches to payments.

Leadership 130

Leadership Innovation Marketing Technology 130

PYMNTS

OCTOBER 21, 2020

In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent.

Data 317

Data Regulation National Examples 317

PYMNTS

JULY 23, 2020

This will help the Volkswagen Group achieve global efficiencies at its plants. At the same time, we are creating the pathway for partners to scale their applications and optimize their own operations. AWS innovations in such fields as machine learning and Internet of Things (IoT) serve as the basis of the Industrial Cloud.

Industry 150

Industry National Tools Regulation 150

PYMNTS

NOVEMBER 25, 2019

During the 3rd National Technology Business Incubator Summit (TBI Summit), the company revealed that it signed a memorandum of agreement with the Philippine Council for Industry, Energy, and Emerging Technology Research and Development (PCIEETRD) – DOST. “We

blockchain 154

blockchain cryptocurrency Bitcoin Industry 154

PYMNTS

MARCH 15, 2019

Commerce Department is expanding its Trade Finance Advisory Council (TFAC), having recently appointed 21 new members to the group in an effort to explore innovation in and access to trade finance. ” Other members of the group include Mastercard, John Deere, City National Bank and First American Bank.

blockchain 190

blockchain cryptocurrency Bitcoin Groups 190

PYMNTS

FEBRUARY 6, 2020

5) hearing before the House Financial Services Committee , representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. In terms of general practice, lenders, including those that operate online, must partner with chartered banks.). At a Wednesday (Feb.

Utah 130

Utah National California Regulation 130

PYMNTS

NOVEMBER 28, 2018

27), Deskera received the funding from Jungle, as well as Cisco Investments, Tembusu Partners, Susquehanna International Group and InnoVen Capital. Singapore recently launched the NTP to support digitization of business operations for companies trading across borders. According to The Business Times on Tuesday (Nov.

Fintech 139

Fintech Management Innovation Resources 139

CFPB Monitor

MARCH 10, 2022

The Order sets out the following national objectives with respect to digital assets: consumer and investor protection; protection of financial stability and mitigation of systemic risk; mitigation of illicit finance and national security risks; reinforcement of U.S.

FDIC 148

FDIC National cryptocurrency Leadership 148