Gonzobanker

DECEMBER 22, 2020

This Year was brought to you by the number 2020 and the letters W, T and F” – Big Bird (more or less). Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Most Oft-Heard Statements of 2020. ” – Hunter Thompson.

Idaho 170

Idaho Community Industry Strategy 170

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g.

Report 247

Report Fraud Risk Management America 247

PYMNTS

NOVEMBER 23, 2020

For purposes of this analogy, the “basement” into which bad mice are creeping is most likely your legacy payroll/expense management software and its possibly compromised connections. While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. Fishing For BaaS.

System 165

System Management Tools Cards 165

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P.

Mobile 211

Mobile Cards Samsung America 211

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Course 202

Course Cards Capital Payments 202

PYMNTS

OCTOBER 6, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. Splittable Card Payments . Instead, Venmo’s entire DNA is digital. Designing In Choice.

Cards 313

Cards Mobile User Experience Payments 313

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Mobile Cards: Make or Break? The highest interest is among “bridge millennials” whose card spend averages $40,000 annually.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

SEPTEMBER 19, 2019

small business market (SMB) will reach $9 trillion by 2020, but also notes that 80 percent of SMBs still use paper checks to make payments. A majority (55 percent) of corporate professionals identified real-time payments as their top B2B payment service priority, according to the Real-Time Payments Innovation Playbook.

Innovation 134

Innovation Payments Phoenix Security 134

PYMNTS

SEPTEMBER 16, 2020

the digital payment and open banking provider based in Redwood City, California, has hired Jonathan Vaux as general manager of its European operations, the company announced on Wednesday (Sept. i2c Inc. , Vaux has more than two decades of experience in payments and product and service development, i2c said.

Management 133

Management Innovation California Payments 133

PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. economy had moderate gains in the pandemic year of 2020.

Cards 152

Cards California Capital Tools 152

PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. billion during 2020’s first nine months. percent during 2020’s first nine months to $1.75 GoodRx earned $55 million in 2020’s first half prior to the company’s September IPO. BigCommerce ($1.6

US 230

US Company Report Payments 230

PYMNTS

DECEMBER 16, 2019

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. 2020 Trendline One: Rapid Acceleration Of Cash To Digital Payments.

Payments 180

Payments Innovation Cards Google 180

PYMNTS

DECEMBER 24, 2020

Consumers, in short, entered spring 2020 realizing that their old, largely physical habits for feeding themselves were a bad fit in a world where proximity between themselves and strangers was frowned upon as a public health liability. Digital Innovations Will Outlast the Pandemic That Inspired Them. Paytronix CEO Andrew Robbins.

Study 206

Study Industry United States Innovation 206

Perficient

JANUARY 12, 2021

Smaller financial institutions will have to be more innovative and rely on third parties and as-a-service based solutions to specifically address the needs of the niche market they are servicing. Small Business Innovation. million in 2020, making up nearly all (99.9%) U.S. The number of small businesses in the U.S. reached 31.7

Trends 332

Trends Fintech Customer Experience Innovation 332

PYMNTS

APRIL 7, 2020

But the numbers tell a tale, and recent stats in the March 2020 Credit Union Innovation Index show the need for CUs to step up their efforts to innovate. CUs need to move beyond payments, said Fagan, and embrace what he termed a “full-scale, full-service approach to innovation.” percent to a recent 21.9 Keeping Score.

Innovation 142

Innovation Digital Banking Resources Apple 142

PYMNTS

JANUARY 24, 2020

The firm said it plans to focus on scaling up and product innovation, building out its staff, and strengthening marketing initiatives. Designed for the field services industry, Skynamo ’s offering connects businesses to a sales app and management solution while enabling sales representatives to reduce their reliance on paper.

Fintech 198

Fintech Capital San Francisco Georgia 198

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471

Industry Trends social media Payments 471

PYMNTS

MARCH 2, 2020

That appears to concern many businesses as 74 percent of recruiters stated in 2018 that they expected to more intensely vie against other firms to attract new hires in 2020. This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons. rose from 3.1

Cards 130

Cards ATM United States Payments 130

PYMNTS

JULY 24, 2019

Visa is exploring state-of-the-art payment experiences at the 2020 Olympics in Tokyo to support “Cashless Japan.” . Visa is working closely with merchants to innovate payments ahead of Tokyo 2020 , including quick service restaurants (QSR) and contactless point-of-sale (POS). according to Visa. according to Visa.

Payments 185

Payments Innovation Cards Technology 185

PYMNTS

DECEMBER 8, 2020

In merchant innovation, an increasing share of consumers are tapping into mobile devices and laptops to do their shopping or make their journeys to physical retail stores more efficient. And in B2B payments, virtual cards are helping firms manage spend in real time. All this, Today in Data.

Retail 187

Retail Data Trends Online 187

PYMNTS

JULY 10, 2020

“We are seeing more and more issuing banks championing virtual cards that feed directly into mobile wallets, doing away with plastic once and for all.”. For example, do we really need plastic cards anymore? Accelerating the Speed of Innovation. Some changes wrought by recent events are not unwelcome. An End to Plastic.

Payments 201

Payments Cards Mobile Innovation 201

Gonzobanker

OCTOBER 27, 2022

It’s time for innovative banks and credit unions to redesign checking — fast. In early October, the Federal Reserve finalized a rule, known as Regulation II (Debit Card Interchange Fees and Routing), that requires every debit card transaction to have access to two unaffiliated payment card networks.

Cards 78

Cards Fraud Regulation Trends 78

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. Trackers and Reports.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

JANUARY 15, 2018

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. It exemplifies the newly innovative nature of the B2B payments market, but Ernest Rolfson, Finexio CEO, says that doesn’t necessarily mean progress is guaranteed.

Innovation 139

Innovation Payments blockchain Florida 139

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.

social media 139

social media Innovation Google Retail 139

PYMNTS

JUNE 25, 2020

Modernization of claims payments is a key theme of the June 2020 Digitizing B2B Payments Tracker®: Taking the Paper Check Digital , done in collaboration with Deluxe. An Appetite for Innovation. This indicates that the industry’s appetite for innovation remains strong,” according to the latest Tracker. Satisfying Claims.

Innovation 250

Innovation Industry Payments System 250

PYMNTS

SEPTEMBER 30, 2020

Close to half of the credit union (CU) executives surveyed by PYMNTS earlier in the year expected credit card processing revenues to outstrip debit in 2020. Many CUs’ credit innovation plans ground to a halt when the health crisis began, however,” according to PYMNTS’ Credit Union Tracker® done in collaboration with PSCU.

Innovation 142

Innovation Cards Meeting Strategy 142

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Payments Flash-Forward: Why December 2020 Will Be One To Remember. 12 Ways Consumers Will Pay (And Be Paid) In 2020. Behind Sysco’s Spend Management Switch To Cards.

Taxes 101

Taxes Mobile Management blockchain 101

South State Correspondent

JANUARY 30, 2024

IT is spending as a percentage of revenue compared to years past, like 2019, when banks did not invest enough in IT, and 2020, when banks had to spend more than revenue growth allowed because of the pandemic. Benchmarking can help banks better optimize capital as it gives bank management a sense of what the average is for the industry.

Capital 195

Capital Operations Customer Experience Comparison 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. More states require greater disclosure and control over what banks and card processors can charge.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. Five Star Bank Taps Corserv Card Tech. payment schemes.

Community Bank 242

Community Bank Community Fintech Regional 242

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. Retailing 2020: Five Things To Watch.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

MARCH 12, 2020

By combining Samsung’s device management and security expertise with Mastercard’s innovative technology, we are creating an ecosystem that can deliver measurable, positive impact to the communities we serve.”. More locations will be added throughout 2020.

Samsung 180

Samsung Innovation America Security 180

Tomorrow's Transactions

JUNE 9, 2020

2020 has been dominated by the COVID-19 pandemic threatening our way of life, challenging our resourcefulness and resilience, on a global scale not experienced since the World War ended 75 years ago. Over the past years, cloud-based services have become popular as they provide and manage resilient resources on behalf of an organisation.

Resources 82

Resources Risk Management Operations Regulation 82

PYMNTS

DECEMBER 28, 2020

Consumers, businesses and financial institutions (FIs) cannot wait to bid adieu to 2020, which has been one of the most trying years in recent memory. Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. About The Tracker.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

JANUARY 14, 2021

Via Mastercard’s relationship with Synchrony, it will work with Walgreens to launch new credit card products, as well as a pre-paid debit card. As of mid-2020, Walgreens has focused on its loyalty program, online capabilities and overall customer experience. But that’s where the standard co-brand partnership ends.

Payments 174

Payments Branding Analytics Data 174

PYMNTS

DECEMBER 28, 2020

While 2020 has been a monumental year for B2B payments digitization and innovation, plenty of friction still exists in the way corporate buyers pay their suppliers. Solutions like commercial and virtual card products, for instance, assure buyers the ability to extend capital float while accelerating payment to vendors.

Payments 203

Payments Fintech Innovation Cards 203