PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Along the way, not surprisingly, we’ll transition more fully to digital payments across modernized (and streamlined) rails, flowing domestically and eventually across borders.

Payments 244

Payments Boston System Operations 244

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States.

America 189

America Kansas City Payments Kansas 189

PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

Security 112

Security Kansas City Payments Boston 112

PYMNTS

MARCH 16, 2018

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” The profiles provide a perspective on the most common payment types, covering enrollment, transaction flow and reconciliation.

Security 100

Security Payments Boston Fraud 100

PYMNTS

DECEMBER 6, 2019

In today’s top news in payments, Visa has announced it’s going to begin a new certification program in dispute resolution, as well as fund scholarships that can be used toward the training. Also, the co-founder of Boston-based payments firm Circle will step down from his co-CEO role at the end of the month.

Training 130

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Meanwhile, Visa said that crypto-banking platform operator Ternio had joined the payments giant’s Fast Track program as a cryptocurrency-focused enablement partner. Keeping An Eye On Fraud.

cryptocurrency 258

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PYMNTS

NOVEMBER 15, 2019

Welcome to the PYMTS Weekender, where we recap the week’s biggest development in payments and commerce. This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. Facebook Launches ‘Facebook Pay’ For Cross-App Payments.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

OCTOBER 31, 2016

From loyalty to inventory management and data to omnicommerce strategy, there’s no shortage of available features and options for retailers looking to upgrade to full-service payments solutions. Even after a retailer does find a suitable option, integrating the system into their operations can be a challenge. About The Tracker.

Payments 100

Payments Boston Retail System 100

PYMNTS

JANUARY 30, 2020

Talk of “friction” in the payments industry is mostly about removing obstacles to consumer transactions, and how easily (or not) those payments get processed on the backend by merchants and banks. PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example.

Management 130

Management Las Vegas Cards Taxes 130

CFPB Monitor

FEBRUARY 18, 2021

On February 2, 2021, the Federal Reserve (“Fed”) announced that the launch date for its instant payments platform— FedNow —would be sooner than originally expected. is lagging behind other countries with respect to instant payments platforms. The United States is a relatively new player in the real-time payments space.

United States 78

United States Boston Tools Payments 78

Independent Banker

JANUARY 31, 2022

The Federal Reserve’s new payments rail launches in one year. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. payment system.”. Photo by Traveler1116/iStock. The FedNow Service is launching in early 2023, giving community banks about a year to plan. By Colleen Morrison.

Community Bank 91

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PYMNTS

OCTOBER 22, 2018

fans traveling to Boston for the start of the World Series will want to pack — and possibly purchase for the first time — sweaters, as this week will be an excellent opportunity to enjoy New England’s crisp fall weather. In payments and commerce this week, a fall chill also rolled through. Gift Cards’ New Unfavorable Fans.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

OCTOBER 13, 2016

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. Korean consumers see no evil in mobile payments. The statistics get even better as the daily average number of mobile payments increased almost 83 percent to 810,000.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

APRIL 11, 2016

Commerce and financial services have moved online, and identity-based authentication has become a strategic imperative for banks, payments processors, and eCommerce merchants looking to mitigate risk, avoid fraud and comply with growing regulatory scrutiny.”. Zander has also served as president of Sun’s software group.

Boston 100

Boston Leadership Software Online 100

Insights on Business

FEBRUARY 6, 2018

According to Boston Consulting Group, banks across the world have paid nearly USD 321 billion in fines since the financial crisis of 2007 and 2008, as the regulators are more focused than ever on compliance. Safer Payments: Improve transaction integrity within all-cashless payment channels with rapid fraud prevention capabilities.

Compliance 87

Compliance Analytics Boston Regulation 87

PYMNTS

NOVEMBER 29, 2019

And the PYMNTS Weekender is here to make sure you didn’t miss anything — and that you start off December right, with the latest in payments and commerce news. Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes? Paytm , India’s mobile payments startup, said on Monday (Nov. Of the 94 million U.S.

Google 129

Google Mobile Data Capital 129

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). Which made Warren Buffett, as a long-time payments enthusiast and investor, a pretty good fit for our launch interview.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

MAY 27, 2016

The weather in Boston – and it’s about darn time. As for payments, here are this week’s picks and pans. Overall, according to the Global Fraud Attack Index that we do with Forter every quarter, fraud attempts are up 217 percent, putting nearly $5 of every online sale at risk. Angela Ahrendts.

Bitcoin 109

Bitcoin Fraud Mobile Apple 109

PYMNTS

MAY 12, 2020

In the journey to improving B2B payment processes, it’s unlikely that any single solution will be the silver bullet to combating friction. In this week’s examination of payment rail innovation, PYMNTS explores the latest efforts to tackle B2B payments pain points. Deluxe Preserves The Check Workflow.

Payments 130

Payments Fraud Community Boston 130

PYMNTS

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. Or at least injecting some balance into the conversations to sharpen the debate. have been settled.

Cards 169

Cards Course Study New York 169

Independent Banker

OCTOBER 29, 2014

The latest twists came in September, when one of the biggest technology and payments events of the year featured the announcement of Apple Inc.’s s entry into the payments business with Apple Pay. Ed Bachelder, payments consultant. Fees follow.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

SEPTEMBER 17, 2018

This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The handwritten invoice he left with my cushions included his name, his mobile phone number and the payment methods he accepted: cash or check. He delivered my cushions, as promised, about a month ago.

Payments 195

Payments Innovation Boston Branding 195

Gonzobanker

DECEMBER 17, 2021

Digital and payments plans were developed, investments are being made, and transformation projects are being executed. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Payments Gamechanger of the Year. Answer: they made progress. Acronym of the Year.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

NOVEMBER 9, 2020

Nearly three years after the introduction of the second Payment Services Directive ( PSD2 ) in the U.K., A paper by the Emerging Payments Association EU found that “In the opinion of all observers, open banking on the one hand and instant payment on the other is the recipe for all tomorrow’s payment solutions.”.

Fintech 285

Fintech Data Regulation Innovation 285

William Mills

MAY 9, 2018

HQ: Boston, MA. Presenter Profile: How they describe themselves: AI Foundry uses AI and user-guided machine learning to transform enterprise operations by integrating information, people and processes. Press & Sales: Colby Ross, colby@projectfinance.io , 603-767-2089. Website: projectfinance.io. Twitter: @yourfinanceapp.

Security 40

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CB Insights

FEBRUARY 21, 2019

Financing and payment systems. Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. The intended goal is a reduction in legal, accounting, and transaction costs, as well as a decreased risk of fraud and corruption.

blockchain 78

blockchain Fraud Technology Management 78

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Diana Chin (HR & Operations). They help you focus and prioritize Accounts Receivable, based on payment histories and risk. Started talking about the challenge of having to change credit cards all the time (due to fraud). Plus the 1% rewards.

Video 40

Video Mobile social media Analytics 40

PYMNTS

DECEMBER 26, 2018

The financial industry has paid $321 billion in fines just through the end of last year, as estimated by Boston Consulting Group. Non-adaptive: Money launderers change their modes of operation frequently. As a result, anti- money laundering (AML) has been occupying the headlines as of late. High IT costs.

Compliance 191

Compliance System eBook Examples 191

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. Table of contents. The disruption of the IPO.

Management 78

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CB Insights

JULY 23, 2020

Higher-tech solutions have also appeared, including foot-operated elevators in Thai malls to minimize contact with buttons, as well as an ultraviolet sanitation solution from Ashla Systems that uses hospital-grade UVC rays to kill pathogens in empty elevators. Source: Farmer’s Fridge. Challenges: space and cost restraints.

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Meeting Tools Survey Company 101

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. via Beta Boston. A most-wanted founder. via Light Reading. Company: Guvera.

Capital 78

Capital Company San Francisco Operations 78

PYMNTS

JANUARY 7, 2019

Animal metaphors aside, 2019 is a year that should inspire excitement, along with great anticipation, across the expansive payments and commerce ecosystem: It’s the bridge year between the decades of the ‘10s and the ‘20s. Leave Mobile Payments, Embrace Ambient Commerce. That makes it the most important year of the last decade.

Mobile 205

Mobile Innovation Apple Study 205

CB Insights

OCTOBER 31, 2017

Note: Less than a month after the closure announcement, Vasupal was arrested for fraud in a bizarre case involving Stayzilla business dealings. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. Read more here. Product: del.icio.us.

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Company US San Francisco Capital 78