PYMNTS

NOVEMBER 12, 2019

Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. Below, PYMNTS rounds up the latest examples of how AP innovators pull suppliers’ accounts receivable processes into the fold.

Innovation 124

Innovation Digital Strategies Payments Tools 124

PYMNTS

MARCH 21, 2019

Large providers, drug manufacturers and insurance firms have big innovations that are moving them away from checks. One of the big concerns with the corporations we deal with is security, and how do you know that the person getting the funds is the person who is supposed to be ultimately getting the funds,” Bloh explained.

Innovation 152

Innovation Payments Regulation System 152

FICO

APRIL 9, 2019

The good news is that consumer-permissioned data is providing the industry a platform for further innovation. This unprecedented data access and insight is made possible through connections to financial institutions that provide secure, simple data sharing for use in countless financial applications and products.

Security 66

Security Innovation Data Customer Experience 66

PYMNTS

JUNE 10, 2020

FIs have long been aware that many customers consider mobile offerings compelling, with research from 2019 finding that the channel especially appeals to younger consumers. According to the report, 82 percent of those between the ages of 18 and 24 bank exclusively through mobile channels, for example.

Mobile 130

Mobile Security Examples Study 130

PYMNTS

SEPTEMBER 24, 2020

One 2019 report noted that there were 220 updates to such requirements worldwide each day, equating to roughly 80,000 in one year. Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand. Compliance, Cybercrime And The Cloud .

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

JANUARY 17, 2020

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. Reducing network demands, the technology works even if cloud connection is lost.

Retail 149

Retail Security Fraud Illinois 149

PYMNTS

DECEMBER 26, 2019

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations.

Retail 135

Retail Branding Course Charlotte 135

Insights on Business

FEBRUARY 13, 2019

At IBM Think 2019, Henrique Albuquerque from Bradesco Research and Innovation offered insight into how Bradesco is transforming by focusing their entire business structure around the customer journey. For example, there are teams focusing on: Onboarding and Enchantment. Protection (Security). Hyper-connected journey.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

MARCH 21, 2019

Large providers, drug manufacturers and insurance firms have big innovations that are moving them away from checks. One of the big concerns with the corporations we deal with is security, and how do you know that the person getting the funds is the person who is supposed to be ultimately getting the funds,” Bloh explained.

Innovation 100

Innovation Payments Regulation System 100

Abrigo

JANUARY 8, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. Some BSA professionals are excited for the promise of added security around transaction monitoring and fraud, while others are worried about the lack of security it provides their jobs. BSA Software. Learn More.

Software 195

Software System Fraud Examples 195

PYMNTS

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. million in 2019 — a 1.5 Ensuring Secure Workplace Practices. percent increase from 2018. Fighting the Phishers.

Fraud 249

Fraud Policies Security Resources 249

Accenture

MAY 30, 2019

Jeff Crawford, a member of our payment strategy and innovation team, provides perspective on connected car payments and the opportunities for stakeholders. As for payment processing, Visa’s Token Services facilitates secure purchases, Visa Direct supports person-to-person payments and Visa Commerce Network manages loyalty and rewards.

Payments 150

Payments Innovation US Strategy 150

PYMNTS

FEBRUARY 21, 2020

Some consumers may wish to travel with their pets or book a room that accommodates their disabilities, for example, while others may want to ensure that the homeshares they are renting are LGBTQ-friendly before finalizing their itineraries. The other key factor is security. The Security Factor . Euros, U.S.

Security 225

Security Fraud Examples Payments 225

PYMNTS

JUNE 24, 2020

Both industries are also caught up in similar innovation cycles as they seek to enhance these payments, with each attempting to upgrade legacy systems to keep up with today’s global digital economy. percent of insurance claims disbursements were made via checks, for example. Inflexibility, P&C And Payments. billion profit.

Industry 152

Industry Payments Examples System 152

PYMNTS

DECEMBER 10, 2018

A single digital terminal that can be used to create a secure, interoperable experience when consumers check out online — that experience comes by way of Secure Remote Commerce (SRC): an industry effort to extend the EMVCo standard to online checkout. Security and convenience “eventually always have to go together,” Anil emphasized.

Security 180

Security Cards Online Industry 180

PYMNTS

FEBRUARY 4, 2020

Further requirements, such as Strong Customer Authentication (SCA), widened this gap, as regulators in individual markets scrambled to identify exactly where and how regulations would affect them before the September 2019 deadline. SCA Questions Stall Innovation. Security Concerns Mount . France, the U.K.

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

SEPTEMBER 22, 2020

Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice. Banks are continuing their ongoing movement to the cloud even as data and security questions continue to grow. Around The Cloud Banking World.

Compliance 191

Compliance Digital Banking Security Online 191

PYMNTS

DECEMBER 27, 2019

B2B payments innovation continued to heat up in 2019, with an ecosystem focused on transaction speed and data integration finding new opportunities to build innovative solutions that address some of the biggest B2B payment friction points. But sometimes, technology that solves one problem can introduce another.

Payments 132

Payments Innovation blockchain Technology 132

PYMNTS

JUNE 11, 2020

The technology itself is not new — many consumers already use biometric authentication in their daily lives, with 80 percent of consumers using their fingerprints to unlock their smartphones, for example. This demand and the security benefits are not the only factors driving biometric AML/KYC tools’ adoption, either.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

JULY 16, 2019

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Acquirer WorldPay, for example, has launched an Exemption Engine, which will allow companies to search for relevant exemptions that may help them better manage payments and authentication under the regulation.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

JULY 13, 2020

Listings on property marketplace Zillow that offered virtual tours were saved 50 percent more often by users between March 1 and early April than those that did not, for example. KYC, Security In The Digital Onboarding Age. Many markets’ stay-at-home orders led consumers looking for new homes to rely on digital tools.

Data 198

Data New York City New York Fraud 198

PYMNTS

JULY 28, 2020

Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance their security measures to stay in the lead. in 2019, and criminals reportedly used these attacks to make off with $14.7 billion from the nation’s consumers in 2018.

Fraud 132

Fraud Data Examples Security 132

PYMNTS

JANUARY 17, 2020

Preventing fraud with seamless and secure onboarding solutions is key. The Deep Dive also highlights innovative fraud detection technologies that FinTechs and other businesses are employing — such as artificial intelligence (AI), machine learning (ML) and dynamic biometrics — to thwart criminals.

Security 130

Security Fraud blockchain Cards 130

PYMNTS

OCTOBER 15, 2020

The SWIFT network, for example, began collaborating with Microsoft and BNY Mellon to institute cloud-based cross-border payments , allowing banks to move away from correspondent banking and improve the payments experiences of their corporate and retail customers. About The Tracker.

Payments 228

Payments Report Study Security 228

PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. Facebook released its fourth quarter earnings and full year 2019 financials late Wednesday afternoon (Jan.

social media 142

social media cryptocurrency Examples Report 142

PYMNTS

FEBRUARY 27, 2020

Retail fraud attempts have doubled year over year, for example, while account takeover (ATO) fraud losses recently hit $14.7 Many of these companies are turning to new and innovative techniques, such as machine learning, to counter this threat. Card-not-present (CNP) fraud, for example, rose from $4.5 million in 2019.

Fraud 150

Fraud Examples Online Data 150

PYMNTS

APRIL 24, 2020

Reports in American Banker said CB Insights data has revealed a 45 percent decline in year-over-year FinTech funding in the year’s first quarter, and a 25 percent drop from Q4 2019. bank technology firm securing $100 million to expand in the region. In the U.S., however, funding for FinTechs actually increased to $3.7

Fintech 193

Fintech Capital Security FDIC 193

PYMNTS

OCTOBER 19, 2020

Senders could receive complaints from receivers that payments did not arrive on time, for example, but the former would be left in the dark about what caused the issue. A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns.

Technology 193

Technology Payments Security Survey 193

Accenture

OCTOBER 14, 2019

In most European countries, for example, unsecured card lending is less than 18 percent of total unsecured consumer lending. For example, merchant service providers in the retail sector often work with digital invoicing suppliers to enable a pay-later or pay-by-installment option within the e-commerce checkout.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

FEBRUARY 13, 2020

academic institutions are legally required to offer check refunds to students, despite the option’s well-documented security weaknesses. We only refund by check once a week, [and] we encourage direct deposit because we feel that is a more secure means of transmitting the funds to the students,” she explained.

Ohio 130

Ohio Security Payments Examples 130

PYMNTS

SEPTEMBER 9, 2020

A new report found that 58 percent of merchants now accept contactless cards, compared to the 40 percent that did so in 2019. Almost 65 percent of FIs said in a recent survey that their customers are now making more CNP payments, for example. How Music Retailers Can Harmonize Security And Seamlessness.

Cards 162

Cards Fraud Retail Security 162

PYMNTS

DECEMBER 20, 2019

Retailers and other customer-facing platforms adapted alongside the internet to offer these payment innovations, but legal firms still view many of these methods with trepidation. Digital disbursements have consumer advantages, but compliance and data security challenges may disincentivize legal firms from following DoNotPay’s lead.

Security 130

Security Innovation Data Payments 130

PYMNTS

JUNE 19, 2020

Security Save Of The Week: Blocking The Biggest DDoS Attack Attempt Ever . For example, the technology allows patients to scan insurance cards and prescription-drug labels, making it easier for users to determine what’s covered by their health plan or organize home-delivery instructions. The Loganville, Ga.,

Security 141

Security Georgia Branding Course 141

PYMNTS

JULY 17, 2020

Financial institutions and merchants that are hypervigilant with security will be rewarded with loyalty. In a 2019 PYMNTS eBook much like this, we made predictions for eCommerce in 2020 and the next decade. Just six months into the new decade, we’ve seen that play out in ways we couldn’t have predicted in 2019.

eBook 222

eBook Customer Experience Fraud Mobile 222

PYMNTS

JANUARY 24, 2020

However, government bodies are unable to innovate at the same breakneck pace as retailers or other consumer service industries, as they must adhere to complex regulations, and ensure that their software is not leaving partners behind. Payment Challenges Stall Government Innovations . Check fraud affected 70 percent of U.S.

Payments 130

Payments US Fraud Innovation 130

Alex Jimenez

FEBRUARY 27, 2019

IBM Think 2019 Campus. As noted in a previous post, I attended IBM’s Think 2019 conference in San Francisco earlier this month. The topics discussed varied from arcane technology topics to discussions about general innovation. The hot topics that I heard during these four days were: AI, Cloud, Diversity, and Innovation.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

JULY 31, 2019

Thankfully, significant shares of CUs are taking these security threats seriously. The May 2019 PYMNTS Credit Union Innovation Playbook found that 79.4 percent of credit union executives identified anti-money laundering improvements as their top innovation priority, 62.7 percent cited data security and 60.8

Fraud 122

Fraud Security Lending Data 122