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. But corporate payers are not the only entities in charge of driving adoption of AP automation technologies. billion valuation. billion valuation.

Innovation 124

Innovation Digital Strategies Payments Tools 124

Perficient

FEBRUARY 2, 2023

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card. million in 2024.

Industry 471

Industry Trends social media Payments 471

PYMNTS

NOVEMBER 8, 2019

Thanks to smartphones equipped with facial and fingerprint recognition for security, many consumers now have up close and personal experience with newer forms of digital ID. Innovations — some more fantastical than others — keep emerging, though. percent between 2019 and 2024 to reach $65.3 Vein recognition? Voice patterns?

Innovation 120

Innovation Fraud Security Data 120

PYMNTS

MARCH 20, 2019

Cash may never really die, but that doesn’t mean speed enabled by digital technology isn’t playing a varied role in payment change and innovation. And new technologies deployed to what often amounts to the back corners of payments and commerce also promise future innovation. . payments made by digital means. $40

Payments 134

Payments Innovation Software Data 134

PYMNTS

OCTOBER 16, 2019

Global payments solution SnapPay announced the rollout of facial recognition payment technology for North American merchants. SnapPay said the technology gives users greater convenience and security when shopping at mainstream retailers.

Payments 174

Payments Retail Mobile Analysis 174

PYMNTS

JANUARY 3, 2019

According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies. The new year brings time for reflection and projection.

blockchain 195

blockchain cryptocurrency Security Report 195

PYMNTS

JANUARY 29, 2019

billion on the technology before the year’s end, and the country is far from the top spender. However, all that growth may be hampered by the fact that consumers are still wary of IoT when it comes to security. BlackBerry , for one, is now offering a suite of online tools to manage IoT security for clients. Around The IoT World.

Security 162

Security United States Software Online 162

PYMNTS

FEBRUARY 4, 2019

The projected value of the global POS software market by 2024 is said to be $30.9 And nearly three quarters — or 73 percent — of consumers want self-service technology, such as self-checkout. The furniture itself is protected by an array of sensor technologies and security cameras.). Roche Bros.

Innovation 126

Innovation Retail Mobile Massachusetts 126

PYMNTS

APRIL 27, 2020

billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. This type of strategy also allows FIs to implement digital technologies at more measured paces.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

OCTOBER 21, 2019

percent: Portion of adventure travelers who would travel more if they had access to innovative payments. 2024: Expected arrival of Federal Reserve’s real-time payments system. Data: $38T: Estimated value of the global B2B payments market. 17: Number of countries where Western Union supports real-time payments.

Payments 122

Payments Data Innovation System 122

PYMNTS

OCTOBER 19, 2020

And the survey cites statistics that an overwhelming number of North American and European consumers expect their digital transactions to be frictionless, secure and quick. On the day we founded our company, we set our sights on the ambition that Detected would be involved in more than 50% of all B2B transactions by 2024.

Survey 161

Survey Management Report Groups 161

PYMNTS

OCTOBER 8, 2019

Using facial recognition technology and other biometric data is still controversial, but privacy concerns can also swing in the other direction. billion by 2024, while the biometrics market is projected to reach more than $59 billion by 2025. Privacy and Security Concerns. Biometric Innovations.

San Francisco 110

San Francisco Video social media Security 110

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

South State Correspondent

MARCH 21, 2023

This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way. The ERC filing deadline is October 2024. ERC Assist provides clients with a technology platform that showcases bank innovation and demonstrates the bank is forward-thinking.

Taxes 195

Taxes Community Bank Community Operations 195

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.

San Francisco 130

San Francisco Retail System New Jersey 130

PYMNTS

APRIL 10, 2019

From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers. Buying snacks, vitamins, personal care and prescriptions from CVS Pharmacy just got faster and more secure.” locations, per reports last year.

Retail 259

Retail Payments Mobile Apple 259

PYMNTS

NOVEMBER 19, 2020

Europe and Asia (for a total of nine countries) – seven in 10 respondents said they were confident in the security provided by digital wallets. And 88 percent said they’d had a “consistently positive user experience” with NFC contactless technologies. Mobile wallet transaction value could exceed $1 trillion by 2024.

Google 254

Google Mobile Apple Survey 254

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. In the abovementioned reports of French supermarkets exploring automation, the need for increased security was emphasized. A majority (55.6

Retail 117

Retail Study Minnesota Video 117

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

PYMNTS

JANUARY 7, 2020

If he could have left the bag in a safe and secure place, he would have been “a happy customer,” he recalled in a PYMNTS interview. At the same time, he saw innovation and growth in the Airbnb short-term rental space. Korbel noted there is a lot of attention and innovation around smart cities. Smart Cities.

New York City 132

New York City Washington Training Austin 132

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. Technology-forward banks spend as much as 16.4% and 11.1%, with a median of 8.1%

Capital 195

Capital Operations Customer Experience Comparison 195

Bobsguide

MARCH 28, 2022

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

Innovation 60

Innovation Lending social media Retail 60

NCR

DECEMBER 12, 2016

billion by 2024. Both Visa and Mastercard are getting onboard with biometrics, which underlines just how important this technology is likely to become for payments and banking. NatWest plans to pilot the technology with personal banking customers in 2017. So what’s the catch?

Security 40

Security Technology System ATM 40

CB Insights

MARCH 19, 2019

Move over, 4G — the next generation of wireless technology is here. 5G technology will enable wider network coverage, more stable internet connections, and faster data transfer speeds (from 4G’s 1Gbps to 10Gbps). IoT cellular connections will use 5G worldwide by 2024, according to Ericsson. We dig in below. Manufacturing.

Industry 78

Industry Video Mobile Technology 78

CB Insights

JUNE 7, 2021

It handles the back-end payment technology while working with banks that process the payment transactions. . Amid the pandemic-driven acceleration of e-commerce and shift to digital payments, Marqeta has seen rapid growth in revenue and demand for its card-issuing technology. The company is aiming for a $12B valuation. . Phone number.

Cards 73

Cards Innovation Payments Fintech 73

South State Correspondent

JUNE 27, 2023

For example, ISO 20022 defines the elements of a real-time payment, what constitutes a beneficial owner, or what happens during a transfer of securities for collateral (below). One major innovation is the ability to send an “information only” message to add more data to a transaction message.

System 195

System Data Examples Payments 195

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For S tay one step ahead of fraudsters by investing in a fraud detection solution.

Fraud 221

Fraud Training Risk Management Software 221

Abrigo

APRIL 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. 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.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

JANUARY 16, 2020

A two-headed monster of rising churn and rampant fraud is menacing the growing subscription space, and many companies are spending big bucks to roll out innovative fraud-busting technologies to combat it. This means businesses must prioritize security, even if it means sacrificing transaction speed. billion in 2019 to $4.1

Customer Experience 131

Customer Experience Fraud Video Security 131

PYMNTS

AUGUST 16, 2019

These transactions reached $144 billion in value in 2014 and could hit $240 billion by 2024. Private-sector firms may be hesitant to adopt such a system, because they have limited budgets and there are potentially more compelling technologies in which they would like to invest. innovations. and Australia’s NPP.

Payments 204

Payments System Fintech Innovation 204

PYMNTS

MAY 12, 2020

In this week’s examination of payment rail innovation, PYMNTS explores the latest efforts to tackle B2B payments pain points. According to the Fed, the rollout of FedNow remains on track for 2023 or 2024. Rather, a mix of strategies can be key to nudging buyers and suppliers in the right direction. In a statement, Kenneth C.

Payments 130

Payments Fraud Community Boston 130

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. Consumers have noticed the rising levels of fraud in digital banking, while fraudsters are relying on technologies such as machine learning (ML) and artificial intelligence (AI).

Cards 116

Cards Online Houston Digital Banking 116

PYMNTS

JULY 20, 2017

Mobile technology has become deeply interwoven into the daily habits of U.K. billion by 2024. Case in point, a recent survey by software firm Lithium Technologies found 62 percent of U.K. Technology is another problem, he said. Most banks have layered technology onto technology onto technology,” Bromley said.

Digital Banking 128

Digital Banking Video Mobile Survey 128

Accenture

AUGUST 26, 2019

In addition, a number of revolutionary ideas have recently hit the financial services industry, including digital and cryptocurrencies, as well as distributed ledger technology and blockchain. And it’s now spreading into RTGS systems, securities and trade finance as well.

Industry 174

Industry Payments System Guidelines 174

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 195

Fintech Community Regional Technology 195

South State Correspondent

NOVEMBER 9, 2023

While technology has always been important in banking, it has yet to drive the essential functions of banking. We tracked almost 100 banking technology trends throughout the year and now bring you the top ten, in order, based on our view of long-term strategic importance. In the last year, this has started to change.

Trends 195

Trends Technology Fraud Data 195

PYMNTS

AUGUST 12, 2019

if you can just hang in there until about 2024. Over the last several years, an army of innovators with billions in venture funding have built instant pay products on top of card network debit rails. I’m from the government and I’m here to make sure you get your paychecks faster – even instantly…. …if financial system.

Payments 196

Payments Innovation System Cards 196