article thumbnail

BankBazaar Turns 15: Celebrating a Decade and a Half of Innovation and Diversity

BankBazaar

And as they say, the rest is history! $60 Million Jackpot: Funding Frenzy in 2015 Fast forward to 2015, and BankBazaar struck gold with a whopping $60 million in Series C funding. With this innovation, customers could complete the Know Your Customer (KYC) process online, swiftly and effortlessly.

article thumbnail

Why Invisible Will Make 2020’s Payments Innovation Roar

PYMNTS

Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pharmacies Drive More Retail Innovation

PYMNTS

Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. The news represents the biggest round of store closures for Walgreens since 2015. But innovation efforts continue for retail pharmacy operations. Delivery Push.

article thumbnail

Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S.

Security 112
article thumbnail

Staying Secure With Digital Identity

PYMNTS

And, in retail, malls are looking for innovations with new uses for old commerce spaces. 2015: The year the Fed launched its 500-person Faster Payments Task Force. In faster payments news, the Fed is planning to build its own instant clearing and settlement rails. All this, Today In Data.

Security 108
article thumbnail

Corporate Payments Firm AccessPay Secures US Backing

PYMNTS

“The problem we continue to see are these services operating in total isolation to one another, which often means the corporate is faced with exposure to security, greater risk and complexity in day-to-day operations,” he said in a statement. Corporate payments have not seen the same level of innovation as consumer payments.

Security 143
article thumbnail

Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

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. Sapenaro said B2B payments, too, are finally experiencing innovation and progress, but it still has a long way to go.