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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

The COVID-19 crisis is shaking up the food industry as the pandemic and customers’ fears force more such businesses to get into emerging areas, such as “contactless” food delivery. Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region.

Industry 130
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In China, Green Shoots For Luxury Spending To Prove Fragile?

PYMNTS

22), Boston Consulting Group has estimated that that demand for luxury items could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. And yet, overall spending across the luxury industry could shrink by as much as 45 percent through 2020, as other regions and countries – Europe and the U.S.

Retail 169
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Digital payments on the rise in India – what does this mean for the region?

NCR

At the moment, some parts of this region are still heavily cash dependent, with research from McKinsey and Capgemini suggesting just two per cent of transactions in emerging nations of Asia-Pacific were cashless last year – though this rises to 35 per cent in developed countries. With more than 1.3 India set for a digital boom.

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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Suppose a regional fashion retailer with an eCommerce presence has 100,000 customers in its data base. In a broad sense, with technical computer skills being more integrated into standard education curriculums, engineers will no longer be the gatekeepers for technical solutions to problems faced in the retail industry.

Retail 203
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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Amazon To Build $40M Robotics Innovation Hub Near Boston. Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Behind Regions Bank’s AI-Powered Digital-First Push. Deutsche Bank told U.K.

Google 139
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Corporate Banks Need Radical Tech Shift, Say Analysts

PYMNTS

And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough. ” Positive Developments, New Opportunities.

Survey 109
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Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications

PYMNTS

Gramz said that “the initiative they are taking is going to have impacts that are far-reaching in the industry, beyond Airbnb.”. Among the nonprofits working to feed local communities this holiday season is the Greater Boston Food Bank (GBFB), which offers food services to 190 cities and towns in the eastern Massachusetts region.