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Can Mobile Solve A City’s Transit Payment Challenges?

PYMNTS

High transaction success rates can indicate an efficient payments operation, but keeping them high is no easy feat. This risk is even greater now that the pandemic has upended normal shopping behaviors, driving an increasing number of consumers online to shop and pay, with retailers having experienced a 14.8

Mobile 181
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AI/BOTS: Artificial Intelligence’s Impact On Jobs

PYMNTS

As more chatbots enter the enterprise arena, as well as the retail industry, for customer service needs, this concept has morphed from fantasy into reality. Earlier this year at the National Retail Federation’s Big Show, the hot topic of debate was how chatbots can be beneficial to consumers if implemented in the correct way.

Retail 121
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Deep Dive: Using Payments Orchestration To Power International Growth

PYMNTS

trillion by 2027, and more than half of all eCommerce shoppers buy from merchants abroad. Merchants must also develop strategies for mitigating the frictions that go along with sending and receiving funds across borders, such as fraud and data security risks, exchange rate volatility and chargebacks.

Payments 162
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Chatbot Tracker: Saving $8B Annually by 2022

PYMNTS

The power that chatbots wield in the retail arena is significant. In a conversation we had with Mindtree’s digital transformation specialist, Craig Besnoy, he highlighted the various ways in which chatbots are changing the game for retailers. Although it highlights 14.9 million new jobs will be created, it also shares that 24.7

Analytics 170
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Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation

CB Insights

Marqeta operates on a usage-based business model, meaning that the more customers use its card-issuing technology, the more money it earns. In the US, the share of e-commerce relative to total retail sales hit 14% in Q4’20, up from 11.3% In 2020, the company processed $60.1B in transaction volume. . Source: Statista .

Cards 73
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Chinese Advertising Generates $27B For TikTok’s ByteDance

PYMNTS

billion by 2027. . Retail giant Walmart is looking to cash in on social commerce and has a tentative deal on the table for a 7.5 operations. buyers when the Trump Administration tried to ban the app citing national security. A recent report forecasted that social commerce will reach $604.5 percent stake in TikTok’s U.S.