BankInovation

JANUARY 27, 2021

The intelligent interpretation and use of debit and credit card program data can provide a pathway to business success. Financial institutions are seeking tools that provide actionable analytics and rapid insights that can lead to the development of meaningful strategies and execution of transformative business decisions.

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PYMNTS

FEBRUARY 12, 2019

Second Measure , a startup that analyzes credit card data and trends and sends out bi-weekly reports to investors, has raised $20 million in a Series A funding round, with Citi Ventures and Goldman Sachs leading the pack in capital, according to a report from Fortune.

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PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. ATM usage has been severely affected by the pandemic, as such machines require touching keypads, screens and card readers.

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PYMNTS

JANUARY 13, 2021

percent had falsely claimed a charge on their credit card was fraudulent to score a refund. Behind-the-scenes analytics or multifactor authentication are widely supported by customers, even though they could result in a slightly more inconvenient customer experience. A survey found that 92 percent of U.S.

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Fraud Analytics Data Retail 189

PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Clicking can initiate malicious attacks and spyware that can steal passwords, credit card numbers and other data from browsers.

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PYMNTS

APRIL 1, 2020

One bank exploring data analytics is ATB Financial , which has 173 branches and 142 agencies throughout the Canadian province of Alberta and assets totaling more than $54.3 One of the early tools of ATB’s data analytics program was its customer service robot, Pepper , which was developed in partnership with SoftBank Robotics America.

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PYMNTS

DECEMBER 16, 2020

EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release.

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PYMNTS

SEPTEMBER 21, 2018

20) that its Insights Generator is now live, enabling businesses to use the Suplari Intelligence AI platform to develop custom analytics for their finance and procurement processes. The Insights Generator augments that offering by allowing businesses to access insights on specific areas of the organization for more customized analytics.

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PYMNTS

JANUARY 18, 2021

Such touchless payment options are being used alongside traditional ones like credit cards and checks. There have also been shifts in how customers pay for goods and services, with s ocial distancing policies making contactless transactions essential and pushing consumers toward payment methods such as bank transfers and digital wallets.

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PYMNTS

SEPTEMBER 14, 2018

Spend analytics has broken through as an essential part of corporate procurement strategies. Traveling further into the world of procurement analytics, these professionals are also exploring trends in supplier behavior, purchase order and invoice management, and beyond.

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PYMNTS

OCTOBER 6, 2020

“We know that fraudsters would like to hack the platform either for money laundering or to use stolen cards, looking for a way to swipe them virtually and get this money and then run away.”. Their end goal is largely the same, primarily targeting payments providers to test or use their stolen credit cards.

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PYMNTS

SEPTEMBER 30, 2019

American Express has announced a new incentive for small businesses to sign up for its Amazon Business Prime American Express Card. That $100 credit is offered to small businesses regardless of whether they are Prime members, though non-Prime members are only eligible for a $100 Amazon gift card in addition to the $100 statement.

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Cards Analytics Security Data 186

PYMNTS

SEPTEMBER 22, 2020

Bank Instant Card, in order to boost expense management for corporates, according to a press release. Tory Passons, vice president of Commercial Card at U.S. Bank, said clients will be able to send virtual cards to an employee or contractor, setting spending limits or expiration dates where needed.

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PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. Visa Fuels Supplier Card Acceptance.

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PYMNTS

JUNE 26, 2019

What is surprising, however, is how relatively anemic a showing data analytics makes in terms of executive enthusiasm, with just over a third (35.7 Financial institutions, he noted, don’t pursue things like data analytics as an end in themselves — it is a tool that is almost always going to be used in service of a broader objective. “If

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The Paypers

MAY 2, 2024

Research conducted by data and analytics company GlobalData has revealed that Saudi Arabia’s card payments market is on the rise.

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PYMNTS

MARCH 27, 2020

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. Through real-time analytics and communication tools, the platform supports collaboration across workforces while providing insights into goals and historical trends. ”

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PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service. Leavitt explained.

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Cards Payments Analytics Data 134

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

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PYMNTS

OCTOBER 19, 2020

Gone are the days of diners handing waiters a stack of credit cards to split a bill, and instead seamless money transfers occur in a matter of seconds. The app relies on both in-house analytics systems and its financial institution (FI) partners’ security systems to fight these frauds and scams. Leveraging AI To Fight Cybercrime.

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PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. There are two key aspects to the firm’s effort in reducing virtual card acceptance friction.

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PYMNTS

MAY 11, 2018

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. based Divvy announced $10.5 Divvy noted it would use the investment to focus on growth. Cybersecurity.

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PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

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PYMNTS

JUNE 19, 2018

Get a toehold in a consumer’s account with a card and whammo, here comes EMV. By now, it’s widely known that chip-enabled cards have been pushing fraud to digital conduits. The reality is, online I can go from store to store to store and can test the limits of that credit card in a very aggressive manner,” Mills said.

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FICO

JUNE 28, 2018

Shanghai Pudong Development Bank Issued More Than 9 Million New Credit Cards Last Year Using FICO Originations. Shanghai Pudong Development Bank (SPDB) Credit Card Center, a credit card lending pioneer in China, has increased its customer base using originations powered by technology from analytics software firm FICO.

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PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. The drive for payment information is a key factor behind suppliers’ gradual path toward commercial card acceptance.

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PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

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PYMNTS

NOVEMBER 14, 2019

percent this year, and Punchh, a company that started in loyalty cards, is aiming to help those companies see continued growth by providing the types of customer personalization services normally afforded to online customers, according to a report. That data is then fed into Punchh’s AI models to help improve its analytics engine.

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PYMNTS

JUNE 27, 2019

In the June Mobile Order-Ahead Tracker™ , PYMNTS explores the latest developments in the world of mobile order-ahead and third-party apps, and how account takeovers (ATOs) and card-not-present fraud continue to plague the mobile ordering industry. Developments from around the Mobile Order-Ahead World.

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PYMNTS

MARCH 3, 2020

PSCU , a payments credit union service organization (CUSO), announced that Westby Co-Op Credit Union (WCCU) has become a part of the cooperative for credit card processing support and services. The CUSO said it invests in cyberattack prevention tools, such as machine learning (ML) and data analytics, on a regular basis.

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FICO

AUGUST 3, 2021

Adding Open Banking Depth of Insight to Credit Risk Analytics – Scott Zoldi – FICO Chief Analytics Officer. Soft Segmentation Archetype Credit Risk Analytics – Scott Zoldi – FICO Chief Analytics Officer. Responsible AI – Scott Zoldi – FICO Chief Analytics Officer. That’s why analytic innovation is so critical.

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PYMNTS

JUNE 20, 2019

Roughly one-third (35 percent) have made data analytics investments over the past three years, according to the Credit Union Innovation Playbook. Data analytics can provide customer insights. Also, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not.

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PYMNTS

FEBRUARY 19, 2020

Analysis of contactless card transactions revealed that the volume of commercial card contactless payments, both debit and credit, jumped 24 percent between 2018 and 2019. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. SumUp Wields Cards For Faster Revenue.

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PYMNTS

NOVEMBER 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others.

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PYMNTS

DECEMBER 11, 2018

Mastercard is teaming up with mobile payments firm Obopay to introduce a prepaid card for corporates in India. 10) that Mastercard, Obopay and Federal Bank are collaborating on the prepaid card solution that enables corporate managers to gain greater control of their payments and expenses. Economic Times of India reported Monday (Dec.

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Cards Mobile ATM Analytics 151

PYMNTS

OCTOBER 29, 2019

Venmo, the peer-to-peer (P2P) payments platform from PayPal, is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, Venmo announced in a press release on Tuesday (Oct. Data analytics will be used to create “personalized shopping and payment experiences” for its users.

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PYMNTS

JANUARY 29, 2020

Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.

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