PYMNTS

NOVEMBER 8, 2019

Innovations — some more fantastical than others — keep emerging, though. percent between 2019 and 2024 to reach $65.3 Unbanked or underbanked consumers are also likely to lack the digital IDs necessary to use conveniences like online banking or taxpaying. Vein recognition? Voice patterns?

Innovation 120

Innovation Fraud Security Data 120

PYMNTS

AUGUST 31, 2020

With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly 53 billion real-time payment transactions by 2024.

Payments 338

Payments System Regulation Innovation 338

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. The last one, published in Jan 2014, featured 50 innovations (see below).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

JULY 13, 2020

The greatest health crisis in a generation is poised to accelerate innovation at the intersection of healthcare , technology and payments as never before. Frost & Sullivan estimates (as per modernhealthcare.com ) that online medical appointments will reach 200 million this year, up from earlier estimates of 36 million.

Retail 219

Retail Innovation Online Seattle 219

PYMNTS

OCTOBER 6, 2020

At a time of increased consumer use and acceptance of the new COVID-era digital lifestyle, the pressure is mounting on large, legacy lenders to accelerate their innovations – or become obsolete. billion people – will likely be using online and mobile banking services by 2024. We've got to do more of it.”.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

PYMNTS

FEBRUARY 4, 2019

To serve customers who want to shop in stores and online, retailers and solution providers are working to offer a unified retail experience across multiple channels. The projected value of the global POS software market by 2024 is said to be $30.9

Innovation 126

Innovation Retail Mobile Massachusetts 126

PYMNTS

JULY 9, 2019

For one, the pace of innovation keeps speeding up – and that holds true for all types of retail niches, from apparel to grocery to others. Indeed, augmented reality is a big, early focus of 5G retail innovative efforts, with evidence coming from such places as South Korea.

Retail 194

Retail New York City Mobile Innovation 194

PYMNTS

APRIL 27, 2020

Banks do not always have the budgets or resources to craft cutting-edge online and mobile experiences, although they can no longer afford to put off digital transformations. The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

OCTOBER 11, 2019

The value of online payments for all transactions is set to blow past $6 trillion by 2024, and much of this money will be spent via person-to-person (P2P) marketplaces. However, the more comfortable consumers grow with online payments and marketplaces, the harder it becomes for platforms to keep them satisfied.

Online 124

Online Case Study United States Payments 124

PYMNTS

AUGUST 17, 2020

Using those models, the trailing 12-month, non-adjusted, online retail sales numbers show an increase of 31.4 CPG Goes Online — And To Auto-Refill. It’s also where CPG companies have reported seeing big spikes of online sales, particularly to new consumers. And where are they spending their money?

Retail 335

Retail Branding Online Report 335

PYMNTS

MARCH 6, 2020

trillion to the worldwide economy between the years 2024 and 2034, according to a report by TechRepublic. Five billion people were subscribed to mobile services at the end of last year, which means about 70 percent of the world’s population is now online.

Report 138

Report Mobile Analytics America 138

PYMNTS

NOVEMBER 14, 2019

The Uber of furniture ,” P2P closet-sharing and crowdshipping all certainly sound innovative. There’s a lot of competition to capture the $6 trillion in online payments for U.S. digital and physical goods that’s expected by 2024. It’s easy to get caught up in the hype of new sharing economy platforms. “

Payments 124

Payments United States Online Google 124

PYMNTS

JANUARY 12, 2021

There is also no shortage of faster payments schemes coming online or already online, and know your customer/anti-money laundering (KYC/AML) screening activities must be refined (especially when regulations change). billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments. Morgan (Onyx is a new J.P.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

AUGUST 5, 2019

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. The central bank is currently requesting comments on the design of the service, which it expects to make available in 2023 or 2024.

System 212

System Payments Kansas Online 212

PYMNTS

AUGUST 21, 2020

This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6 billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

Fintech Labs Insights

MARCH 15, 2024

But there is another event debuting this year that I completely get, Fin + AI 2024 It could easily become a fixture on the fintech conference circuit. Finally, it’s only fitting that I gave OpenAI’s ChatGPT a chance to convince you to attend an AI event in 2024.

Conference 15

Conference Las Vegas Fintech Case Study 15

PYMNTS

JULY 23, 2019

billion by 2024, a CAGR of 13.7 percent, during the forecast period of 2019-2024. Online ticketing marketplace TickPick falls into the latter category. It’s also accommodating changing customer expectations for personalized and customized offerings. The global digital payments market was valued at $3.4

Google 134

Google Mobile Apple Samsung 134

PYMNTS

DECEMBER 18, 2019

Diners, as it stands, spend more via online channels or mobile than when buying in person, which makes delivery rewarding for restaurants and moves them to encourage ordering through those channels. From McDonald’s to Starbucks , quick-service innovators are expanding their mobile ordering efforts with the inclusion of delivery.

Mobile 131

Mobile New York City Innovation New York 131

PYMNTS

OCTOBER 8, 2019

Basketball is one of the most popular sports – if not the most popular sport – in China, but there’s a little less NBA available today for online shoppers in that country, according to reports. The two sides just announced an extension of their deal to the 2024-2025 season that’s reportedly worth $1.5 China’s Commerce Push.

Retail 116

Retail Houston Online Leadership 116

PYMNTS

JANUARY 29, 2019

It’s expected that there will be 22 billion IoT-connected devices at play by 2024 — that is, if they can be secured and trusted. BlackBerry , for one, is now offering a suite of online tools to manage IoT security for clients.

Security 162

Security United States Software Online 162

PYMNTS

JANUARY 12, 2021

There is also no shortage of faster payments schemes coming online or already online, and know your customer/anti-money laundering (KYC/AML) screening activities must be refined (especially when regulations change). billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments. Morgan (Onyx is a new J.P.

Payments 153

Payments Compliance Technology Taxes 153

PYMNTS

APRIL 15, 2019

From Vengo Labs to Carvana , digital innovators in a variety of industries and spaces are reinventing the vending machine concepts with new technologies and features. The compound annual growth rate (CAGR) of the global smart vending machine market from 2019 to 2024 is projected to be 12 percent. And, in the U.S.,

San Francisco 130

San Francisco Retail System New Jersey 130

PYMNTS

JULY 10, 2020

trillion by 2024, it’s small wonder that so much investment and innovation keeps pouring into the space. With the volume of cross-border B2B payments projected to hit nearly $6.5 Financial access to, and inclusion in, new foreign markets will certainly create post-pandemic fortunes.

Payments 142

Payments Strategy Marketing Fintech 142

PYMNTS

FEBRUARY 1, 2021

For now, Apple’s entry into automotive has been targeted for 2024 , and the cash-rich Cupertino, California device maker has done nothing to dispel such talk since it was reported in the fourth quarter. Tesla Vs. The Rest.

Detroit 256

Detroit Arizona Industry Meeting 256

PYMNTS

OCTOBER 8, 2019

billion by 2024, while the biometrics market is projected to reach more than $59 billion by 2025. Last month, a lawsuit was filed claiming that online video platform Vimeo collected and stored facial biometrics from videos and pictures uploaded to the platform’s video editing application. Biometric Innovations.

San Francisco 110

San Francisco Video social media Security 110

PYMNTS

OCTOBER 11, 2019

Great news for innovative retailers. The self-checkout system market is expected to increase from its current value of $2 billion to more than $4 billion by 2024, according to a new study. However, buy online, pickup in-store (BOPIS) involves card-not-present (CNP) transactions, putting retailers on the hook for any fraud.

Retail 117

Retail Study Minnesota Video 117

PYMNTS

AUGUST 9, 2019

Innovations include a Half Dome scent, which the company describes as “signature” and will transport shoppers to the great outdoors. It is also “committed to refreshing the majority of its fleet of stores by the end of 2024” per the announcement. News surfaced last year that Canada Goose Holdings Inc.

Retail 108

Retail New York City New York United States 108

PYMNTS

JULY 12, 2019

percent CAGR between 2019 and 2024. Airlines don’t have the best reputation for speedy, satisfactory customer service, which has opened up new opportunities for innovation. Additionally, online chat users reported greater satisfaction than average and gave agents higher scores.

Study 135

Study Mobile Fraud Retail 135

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 40

NCR

DECEMBER 12, 2016

billion by 2024. The biometric app for online shopping allows customers to complete payments with fingerprint authentication or facial recognition, eliminating the need to remember passwords. According to market research firm ReportLinker , finance is the most mature biometrics market outside the government in the US.

Security 40

Security Technology System ATM 40

Abrigo

APRIL 22, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. Online fintech lenders and merchant cash advance providers are also making up ground. They’d rather invest that time in growing their revenues and profits.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

NOVEMBER 13, 2020

Alibaba ’s Singles’ Day online shopping event set a new record for performance. And in payments innovation, COVID-19 has rapidly accelerated the global shift to digital eCommerce, as safety-minded shoppers can be seen tapping contactless cards. 550M : Amount of Cartier’s investment in online luxury marketplace Farfetch.

Cards 153

Cards Data Online Retail 153

CB Insights

JUNE 7, 2021

The rapid acceleration of online commerce and shift to digital payments has been a major contributor to Marqeta’s momentum — and it doesn’t show any signs of slowing down. G lobal online sales are expected to reach $4.8T This also benefits Marqeta as consumers and businesses are buying more goods and services online.

Cards 73

Cards Innovation Payments Fintech 73

PYMNTS

OCTOBER 11, 2019

Here is what we’ve learned from the Libra experience that may be helpful to other innovators who have large plans to change the world. At the same time, payment service providers (PSPs) are scrambling to find ways to authenticate these customers without bringing about more friction to online transactions. As of Oct.

Cards 116

Cards Online Houston Digital Banking 116

PYMNTS

AUGUST 30, 2016

The worldwide eCommerce industry is headed towards a $781 billion valuation by 2024. One of them is NCR , and with its new Innovation Lab , the company is looking at how omnichannel eCommerce and payments can make transacting simplified. But Brown explained that not every B2B vertical is tapping into online and omnichannel procurement.

Big Data 146

Big Data Data Analysis Payments 146

Gonzobanker

MARCH 21, 2024

The Small Business Credit Crisis If you search online for “small business challenges,” the list that Google returns is nearly endless. The problem is even worse in 2024. Small business owners face a credit crisis—and the problem is even worse for minorities. There is a solution—and it doesn’t require regulatory changes. Business case.

Lending 78

Lending How To Capital Data 78

PYMNTS

JULY 20, 2017

billion by 2024. On the other hand, banking tools that are similar to online gaming platforms are more likely to resonate with mobile device users who are accustomed to a digital-first experience, he said. adults would prefer to conduct their banking business online instead of in-person at a bank branch. By some accounts 18.3

Digital Banking 128

Digital Banking Video Mobile Survey 128