PYMNTS

FEBRUARY 19, 2019

Those who work in and around high tech and innovation are lulled into a narrative about progress being on a march ever forward, rarely slowing, never stopping and certainly never turning around and marching in the wrong direction. . Once one gets outside of the top 25 banks in the U.S., The Soft Middle in Financial Services.

Innovation 160

Innovation Fintech Marketing Study 160

PYMNTS

JULY 27, 2020

“Given the seismic shift to digital, the COVID-19 pandemic is forcing retail to achieve innovation in three to six months that would otherwise have taken three to five years. The pandemic has brought uncertainty to many businesses, but at the same time, it has sparked innovation,” said Ro Bhatia , chief operating officer at sticky.io.

Apple 206

Apple Branding Innovation Retail 206

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposers are the ecosystem wild card. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Consumer for the end user.

Innovation 146

Innovation Cards Payments San Francisco 146

PYMNTS

SEPTEMBER 3, 2018

Here at PYMNTS our resident expert in thinking outside of the lines as laid out by conventional wisdom is Karen Webster — and summer 2018 has been a particularly good time for drawing long and unexpected lines way outside the box, and into a rapidly changing future. AKA thinking outside of the box.

Innovation 100

Innovation Branding Retail Regulation 100

Bank Innovation

JANUARY 24, 2018

EXCLUSIVE— Mobile-only bank account Chime hopes to sign 100,000 new accounts on its platform by the end of January 2018, in keeping with the growth that has lead the banking service to open 750,000 accounts so far, the bank stated. Chime’s banking services, including its Visa-branded debit card, are provided by The Bancorp Bank.

Branding 220

Branding Cards Mobile America 220

PYMNTS

FEBRUARY 13, 2019

From digital marketplaces like SeatGeek to tech firms such as Google , innovators are introducing new ways for consumers to buy products and services through social media sites and smart devices. As a result, users could register a debit or credit card and make payments after they created a security PIN. Nearly 60 percent of U.S.

social media 139

social media Innovation Google Retail 139

PYMNTS

JANUARY 15, 2019

From in-store kiosks to mobile apps, new innovations are giving diners the chance to ditch the line and order through other channels. The data hints, then, that there is a “digital divide” between how customers and quick-service managers view these innovations. percent of customers. percent of customers. About the same share — or 63.7

Innovation 125

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PYMNTS

SEPTEMBER 3, 2018

Almost 33 years ago, David Letterman introduced his singular innovation in stand-up comedy: the Top 10 List. Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018.

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PYMNTS

FEBRUARY 26, 2020

Mastercard , like most consumer credit connected brands, was hit hard in the early days of the Great Recession. However, those trend lines soon gave way to growth in the early 2010s and beyond — driven by the digitization of commerce — with the card network’s revenue tripling in the last decade.

Payments 274

Payments Course Fintech Cards 274

PYMNTS

MAY 3, 2020

Instead, RBS said Friday (May 1) that it would “wind down Bó as a customer-facing brand” in only a half-year since the neo bank was rolled out to the public. RBS is looking to focus resources on Mettle, the second of its two digital-only challenger brands. We’ve always said that we will look to innovate.

Branding 181

Branding Resources Digital Banking Regulation 181

PYMNTS

MARCH 19, 2019

And a new interview shows that speed in payments is not as important as one might assume, which has wider implications for innovation. million: SDA transaction volume in Q4 2018. billion+: Number of Visa- and Mastercard-branded debit cards in global circulation. million: SDA transaction volume in Q4 2018.

Data 124

Data Payments Fraud Branding 124

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

MARCH 27, 2019

To present brands that allow them to stand out from retail competitors, merchants in the hospitality space are turning to innovations. According to the PYMNTS Retail Innovation Readiness Index , nearly eight in 10 accommodation and food services merchants — or 77.4 percent — cite innovation as key for keeping them in the hunt.

Innovation 130

Innovation Branding Retail Meeting 130

PYMNTS

JUNE 25, 2019

Digital banking and payments processing company i2c has announced that Brex, a corporate card for entrepreneurs and growing businesses, is “leveraging the i2c payment platform to power the next phase of growth and rapid innovation,” according to a release. . “As

Payments 101

Payments Cards Innovation Industry 101

PYMNTS

JANUARY 15, 2018

It also explains why some innovations in payments have been met with open arms by consumers and others given the cold shoulder. And why those who enable it will be among 2018’s power brokers. For 50 years, consumers have been trained to produce a plastic card of some kind at the point of sale to pay for something.

Innovation 109

Innovation Payments Google Training 109

PYMNTS

MARCH 19, 2018

As growth of Target -branded payment cards has slowed, the retailer is beginning to experiment with a new rewards program: Dubbed “Target Red,” the new program will not be linked to a debit or credit card , The Star Tribune reported. “We So, we want to find a way to grow our relationship and affinity with those guests.”.

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Fort Worth Dallas Cards Retail 128

PYMNTS

SEPTEMBER 4, 2018

The plastic payment card is dead. Long live the plastic payment card! Forgive the whipsaw attitude, but that’s how it can feel sometimes when discussing the future of payment cards. Card Clarity. The payment card has “a long life ahead of it.” Innovative Edge. Rewards, too, drove card signups, and still do.

Cards 103

Cards Innovation Mobile United States 103

PYMNTS

DECEMBER 10, 2018

Analysts at the time called this product “an historic opportunity” to bolster the merchant’s “corroding bottom lines,” and innovators rushed to build new applications to help them seize it. It’s the decoupled debit card. Merchants paid less when they accepted those cards. 2018: Same Song, Different Verse.

Branding 184

Branding Cards Payments New Jersey 184

PYMNTS

FEBRUARY 6, 2020

He continued, “Western Union’s open platform strategy allows us to innovatively connect the digital and physical worlds of money while helping leading organizations scale their services globally. for its part, can count on a formidable customer base of over seven million of Postepay Evolution cards, over 4.8 Postepay S.p.A.,

Strategy 101

Strategy Cards Innovation National 101

PYMNTS

JANUARY 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. Innovation by Any Other Name. is nothing new.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

JULY 25, 2019

In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. And it’s no excuse for failing to innovate on the cashless front.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

NOVEMBER 1, 2018

“Increased Allpoint and bank-branded transactions across many of our retailers drove 3 percent growth in our North America business, excluding the impact from 7-Eleven,” said Cardtronics CEO Edward H. According to a recent report, consumers there used their debit cards 13.2 Meanwhile, the U.K. now using them. billion and $1.34

ATM 155

ATM Cards Operations Regional 155

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly six million – of the most popular new “layaway” apps by the close of last year. Here’s a hint: We’ll tell you now … and you can thank us later.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

SEPTEMBER 20, 2019

In 2019, ownership of smartphones increased by about 6 percentage points year-over-year, from 84 percent in 2018 to 90 percent. Their responses show that for seven of these activities, the share who perform them at home is higher in 2019 than in 2018. percent) as well as in 2018. Who Owns Innovation? owning one.

Retail 121

Retail Innovation Report Fintech 121

PYMNTS

APRIL 18, 2018

It’s an experience that people living in the developed world have learned to expect each time they produce a plastic debit, credit or gift card to use in a store anywhere in the world to pay for something they buy. That’s not the case in the digital world.

Cards 116

Cards Innovation Security Payments 116

PYMNTS

MAY 13, 2019

These small entities are seeking to win trust despite not being established brands, but customers will only feel safe if they’re confident that their payment information will remain secure. . They can also fall victim to card skimming scams, and hackers can initiate remote code execution attacks to take them over. .

Security 123

Security Cards Branding Payments 123

PYMNTS

FEBRUARY 11, 2019

Consumers won’t be walking up to a cashier after standing in a checkout line to swipe a card when they visit a store. In a world where, as the Census says, 90 percent of retail sales still happen in the physical store, cards rule. Amazon, of course, owns Whole Foods and operates its own branded book stores and convenience stores.

Online 197

Online Retail Mobile Branding 197

PYMNTS

MARCH 25, 2019

The topic of conversation was the inevitable consolidation of the payments sector, as scale becomes critical to optimizing the payments experience and innovating new payments flows. There was the same talk then about retailers not letting consumers use a payment card owned by their largest rival. Guess what? Time flies.

Payments 198

Payments Innovation Branding Operations 198

PYMNTS

AUGUST 28, 2020

Gourab Basu , vice president of global network processing at Visa, tells PYMNTS how deep learning keeps card (and card not present) transactions flowing. Not only have retail sales shifted online, but more consumers are buying more of what they want directly from the brand. Fun, Cool, and Otherwise Interesting.

Retail 208

Retail Los Angeles San Francisco Online 208

PYMNTS

NOVEMBER 19, 2019

In the latest Digital Banking Tracker , PYMNTS looks at how banks are currently approaching their use of AI and machine learning in fraud protection and technology innovation. Barclays will instead keep up its co-branded card efforts in the country at this time, but may revisit the project in the future.

Fraud 109

Fraud Digital Banking Innovation Data 109

PYMNTS

APRIL 3, 2019

Since then, the chain’s mobile orders have more than doubled and, as of 2018, made up 13 percent of all U.S. Now, five years later, many coffee brands are clamoring to compete with mobile apps, loyalty points, online payments and even home delivery services. UX, Payments and App Innovation. Costa needs to innovate continuously.

Mobile 101

Mobile Innovation UX Security 101

PYMNTS

SEPTEMBER 3, 2018

Rausch, Amazon’s vice president of smart home, explained that at the beginning of 2018, Alexa worked with just over 4,000 devices. The number of brands using Alexa also increased from 1,200 to over 3,500 during the same eight-month period. Bank credit card by speaking a command to Alexa. Bank customers.”.

Innovation 101

Innovation Examples Branding Technology 101

PYMNTS

NOVEMBER 20, 2019

This is largely due to the increasing prevalence of delivery, which increased by 15 percent since 2018 primarily due to the rise of mobile-order ahead apps. Deep Dive: Exploring The Rise Of Gift Card Fraud. Many restaurants are not taking advantage of these growing trends, however. About the Tracker.

Fraud 111

Fraud Mobile Study Cards 111

PYMNTS

JANUARY 27, 2020

And that would be a shame since the theme of those headlines centered around new ideas, fresh additions and innovation. Is it about to get harder to procure a personal loan or a credit card in the U.S.? Credit card debt stood at more than $1.3 The average interest rate on cards stands at more than 19 percent.

Data 131

Data Los Angeles Bitcoin cryptocurrency 131

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. billion in 2018 growing to $1.1 Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

SEPTEMBER 30, 2019

The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. According to the 2018 Global Brand Counterfeiting Report , luxury fashion brands are a favored target. In the U.S. trillion and $1.5

Online 101

Online Fraud Branding social media 101

PYMNTS

OCTOBER 7, 2017

Nearly 10 decades of watch innovation and competition have made fancy watches something of an acquired taste, however. Well, this week, the market finally realized this was a hole that both existed and needed filling, and one brand stepped up to fill it. If you think about Aston Martin, we are a very exclusive brand,” Reichman said. “In

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