PYMNTS

OCTOBER 12, 2020

The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. To be sure, recent PYMNTS research shows an increasing comfort level with digital payments, in general.

Boston 233

Boston System Online Payments 233

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

Bank Innovation

AUGUST 17, 2017

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

New York City 365

New York City Fintech Georgia Boston 365

PYMNTS

NOVEMBER 26, 2019

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. 25) that it will sell its StubHub ticketing operations to online ticket reseller Viagogo Entertainment Inc. StubHub Sale Signals eBay’s Refocus On Core Business. for $4 billion.

United States 130

United States Community Payments Massachusetts 130

PYMNTS

AUGUST 13, 2018

Consumers, particularly millennials, are increasingly paying their bills online. are paid online, with 61 percent of those payments coming from millennials. Avail, along with its companion in the space, Cozy, are part of a growing group of online platforms looking to upend the rental process.

Payments 100

Payments Online Millennials Boston 100

PYMNTS

DECEMBER 24, 2020

Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. And, of course, the crypto landscape extends well beyond bitcoin. Keeping An Eye On Fraud.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

JANUARY 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. Because when they do, consumers can get hurt.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately.

Tools 141

Tools Boston Cards Management 141

PYMNTS

APRIL 1, 2016

If anything, the issue over the legality of the games these sites provide has only grown murkier, especially as the payments companies that were once supporting the burgeoning industry have begun to pick sides in the regulatory fight. The latest development, however, seems to fall in favor of the pro-daily fantasy sports camp.

Massachusetts 100

Massachusetts Boston Regulation Operations 100

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Since the pandemic started, Crowe says, more customers are opening online or mobile accounts and making remote payments. Online U.S. By Elizabeth Judd.

Fraud 160

Fraud Strategy Community Bank New York City 160

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Instant payments service What is FedNow?

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

JULY 6, 2020

Anyone who has ever driven North on Route 1 from Boston, Massachusetts, has seen Kowloon Restaurant. Over the past 50 years, the Wong family has been the owners and operators, constantly adding themed dining rooms and even a comedy club. Enter digital payment software company Paytronix and its new tool called Contactless Dining.

Massachusetts 230

Massachusetts United States Boston Innovation 230

PYMNTS

APRIL 11, 2016

. “IdentityMind Global has a unique approach to bringing integrity back to digital marketplaces and the online lending environment through the use of trusted digital identities” Zander said in a company news release. Before that, he served as president and chief operating officer of Sun Microsystems until June 2002.

Boston 100

Boston Leadership Software Online 100

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

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. Apple Pay’s Digital-First Disconnect. Take PayPal, for example.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

DECEMBER 9, 2016

Innovators — particularly payments innovators — love this particular bon mot and spend a lot of time trying to build that new payments mousetrap, in the hopes that the world will beat a path to its door. Unfortunately, the operative word in the quote is “better,” not “build.” So why the move into QSR from Chase? Everyone wins.

Payments 100

Payments Mobile Innovation Boston 100

PYMNTS

NOVEMBER 11, 2019

The fee-free card is Goldman Sachs’ latest inroad into the retail consumer business after establishing its online Marcus brand in 2016, which makes unsecured personal loans. From an operational and risk perspective, we’ve handled the inflows smoothly, and without comprising our credit underwriting standards.”. India, the U.K.

Apple 101

Apple Massachusetts Data Cards 101

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.”. We actually, as a result of COVID, had bumped up our adoption of a new online banking platform. Photo by Traveler1116/iStock.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

SEPTEMBER 29, 2016

10 seconds (or less) : That’s how long it will take for Standard Chartered to complete real-time cross-border payment for businesses with another major correspondent bank. 10 seconds (or less) : That’s how long it will take for Standard Chartered to complete real-time cross-border payment for businesses with another major correspondent bank.

ATM 100

ATM Boston Survey Security 100

PYMNTS

FEBRUARY 11, 2019

Pharmacy operator CVS , for example, experimented with a program in Boston in which shoppers received free delivery on prescriptions and eCommerce purchases as well as other perks. percent — of health and beauty firms said consumer demand to use new payment methods was a motivation for inspiration. Just under half — or 45.9

Innovation 166

Innovation Retail social media Apple 166

PYMNTS

JUNE 2, 2017

If you hadn’t heard the news about Dunkin’ Donuts accepting Masterpass as a payment method in-store, in their mobile app and online — it’s quite possible that you may have already started seeing the ads. It’s not a terribly subtle ad — or series of ads — but as Tor Opedal, Mastercard vice president of U.S. “The

Mobile 100

Mobile Operations Boston Payments 100

PYMNTS

OCTOBER 12, 2020

The digital transformation of the commerce ecosystem, which had been underway long before COVID-19 reared its ugly head, flipped into overdrive overnight, as consumers were forced to change their habits and shift almost everything they once did in real life to an online substitute. The Surprise in the Unsurprising. The Power of Persistence.

Retail 220

Retail Study Report Boston 220

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.

Google 129

Google Mobile Data Capital 129

PYMNTS

JULY 30, 2019

Additionally, 86 percent of mobile app operators said their offerings boosted revenues, and 93 percent said apps improved guests’ experiences and encouraged repeat purchases. And there are plans to expand the service to additional markets in the coming months, including Boston, Chicago and Philadelphia. In fact, 91.4

Mobile 148

Mobile New York Philadelphia Google 148

MyBankTracker

MAY 7, 2021

The company’s core product offerings revolve around insurance and operates as a subsidiary of a Canadian-based company called Manulife. John Hancock, also known as The John Hancock Life Insurance Company, was founded in 1862 with operations based mainly in Boston, Massachusetts. No easy online quoting tool.

Policies 52

Policies Boston Tools Maine 52

PYMNTS

JUNE 10, 2016

These days, however, Uber is spending its time, increasingly, in court and has even managed to allow things to break down completely in Austin such that it doesn’t operate there anymore. Circle is a payments company and one that has concluded to seek a charter from a federal banking regulator.

Regulation 100

Regulation National Austin Fintech 100

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Like payments terminals. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience.

Cards 147

Cards Study Maine Payments 147

PYMNTS

JANUARY 25, 2019

At the same time, it was reported that Target — and other brick-and-mortar retailers — were introducing online and exclusive brand offerings as younger shoppers default to digital-first brands. Then, in 2018, Pop-In@Nordstrom partnered with Casper to bring pop-up stores to select Nordstrom locations and online. now support Apple Pay.

Apple 109

Apple Branding San Francisco New York City 109

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

FEBRUARY 12, 2018

At the same time, the market caps of the top 20 retailers have lost more than $230 billion over the last two years, and mall operators are sucking wind as overstocked anchor stores shutter underperforming locations, which delivers a death knell for the stores that depend on anchor store foot traffic to lure customers in.

Big Data 135

Big Data Data Retail Marketing 135

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

JUNE 21, 2016

These programs — which include apps like GrubHub, Foodler, Favor, Seamless and DoorDash – operate independently of merchants, acting as middlemen between in-home consumers and various eateries. Also, Mintel’s Foodservice Trends 2016 report found that 77 percent of Americans said they would use online food delivery services.

Resources 102

Resources Operations Technology Boston 102

PYMNTS

SEPTEMBER 10, 2018

Today, payments innovators want to better understand how their innovation could make existing ecosystems stronger and healthier, destroy them on the way to creating something different (and they think better) or blunt their ambitions entirely. Some spend much more in cities like Boston, New York and San Francisco. Fleets As The Fuel.

Innovation 146

Innovation Cards Payments San Francisco 146

PYMNTS

FEBRUARY 18, 2019

For those charged with managing the consumer’s trust and safety when transacting online, and in the midst of increasingly clever cybercrooks, being comfortable going against the status quo flow has become much more important than ever before, he said. Or at least injecting some balance into the conversations to sharpen the debate.

Cards 169

Cards Course Study New York 169

PYMNTS

APRIL 2, 2018

According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend. Online lenders and alternative players were a wake-up call to banks,” explained Glover.

blockchain 171

blockchain Lending User Experience Mobile 171

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

Independent Banker

MARCH 15, 2015

But in today’s world of proliferating digital devices and communication options, customer contact centers, once operating primarily as telephone switchboards, are turning into full-service and multichannel communication hubs. A recent ICBA poll found that 16 percent of member community banks operate contact centers.

Community Bank 70

Community Bank Community Operations Retail 70