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Why Drive, Not Size, Is Key To FI Innovation

PYMNTS

When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs. percent in 2017. percent in 2017. percent) and large banks (23.8

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PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017.

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Why Innovation Is Nothing Without Distribution

PYMNTS

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens.

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Citigroup Ramps Up Payments Tech With New Tools

PYMNTS

Kohli was tapped in 2017 by Citigroup to run the global payments and receivables unit, which is an important business at Citigroup. He has already driven tech innovation at Citigroup, pushing for the creation of Citi Smart Match, a tool created in conjunction with High Radius, one of the bank’s FinTech partners.

Tools 179
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Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

Founded by Lamine Zarrad and George Kurtyka in 2017, Joust aims to help independent professionals find more financial stability and avoid late payments amid the irregular payment system for freelance work. We’re pleased to be part of Joust’s innovative solution targeting an underserved and increasingly important segment of the U.S.

Payments 143
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Mastercard Partners With Four Retailers For Pay By Bank App

PYMNTS

Pay by Bank app offers a best-in-class digital payment solution that optimizes user experience while making transactions more secure and reducing fraud,” said Suren Nawalkar, senior vice president of consumer applications at Mastercard. WHSmith is excited to launch Mastercard’s innovative new payment method, Pay by Bank app.

Retail 116
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3 key fintech predictions for 2017

NCR

As fintech startups battle it out to get their share of the business, the drive for innovation is spreading well beyond traditional tech hubs and basic banking products. Following are several key trends the fintech industry will likely see in 2017 – and beyond. Domestic remittance trends will continue to “spill over” to cross-border.

Fintech 40