Bank Innovation

MARCH 17, 2017

Boston-based money transfer firm Flywire has launched a new offering, targeted at international business-to-business (or B2B) payments. The fintech will enable faster settlement between businesses, seeking to make those transaction “local.”

Boston 191

Boston Payments Fintech Online 191

PYMNTS

DECEMBER 29, 2016

A paper published by Boston Consulting Group (BCG) described today as a critical moment in banking history as players face pressure from alternative players and corporate clients that demand newer, better services. One thing’s for certain: Corporate banks everywhere need to embrace technology.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.

Fraud 266

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PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. As cyberattacks grow in scale and sophistication, it is critical that we advance trust in our payments system.”.

Boston 177

Boston Security System Cards 177

PYMNTS

SEPTEMBER 25, 2020

Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies. And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. The Fed, of course, is hardly alone in mulling digital fiat currencies.

Cleveland 330

Cleveland Massachusetts Boston Survey 330

PYMNTS

FEBRUARY 5, 2020

operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb. By removing the complexity of regular payments we can save customers vital time, that can better be spent running and growing their businesses.”.

Metro 130

Metro Boston Technology Security 130

PYMNTS

AUGUST 24, 2019

As diehard baseball geeks pout about having to share TV time with another major sport, and most of the country goes into New England Patriot-hating mode, the digital payments and commerce industry gets pretty optimistic – and even excited. That’s because every NFL season promises to bring advances in payments. Biometric Plays.

Payments 161

Payments social media Mobile Seattle 161

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

DECEMBER 24, 2020

Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . At a high level, that means helping crypto companies and FinTechs come to market with crypto payments across the Visa rails.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

JANUARY 25, 2018

Beyond the technology and the plate lies concept. In an interview with PYMNTS, CEO and Founder of Reviver Auto Neville Boston said that for the firm, which traces its genesis to 2009, the “initial thought process was simplifying the registration process. The conversation, as it often does with technology, turned to security.

Boston 128

Boston California Michigan Georgia 128

PYMNTS

JANUARY 8, 2020

Rusu and his co-conspirators were able to capture payment card information from customers as they accessed their accounts via ATMs. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S. From there, they used the information to steal customers’ money from their accounts.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

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. Around the full-service payments world. To download the October edition of the Payments as a Service Tracker™ , click the button below.

Payments 100

Payments Boston Retail System 100

PYMNTS

JANUARY 17, 2020

These days, it seems like you can hardly go a minute without hearing about the rise of 5G, the spread of facial recognition or how friction is being removed from all types of payment methods. The agency has approved almost 13,000 low-Earth orbit satellites, which encompass 11,943 for Elon Musk’s Space Exploration Technologies Corp.

Payments 131

Payments Los Angeles San Francisco New York City 131

PYMNTS

SEPTEMBER 17, 2020

One key reason: the New Payments Platform is doing just fine. But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. As reported by Cointelegraph Thursday (Sept.

Policies 181

Policies Boston Examples ATM 181

PYMNTS

MAY 5, 2020

Advances in payments technologies are making consumer transactions more secure,” the report states. Ironically, the fact that many CUs have undertaken core systems upgrades can make them a more visible target, although one that has been hardened against just these kinds of cyber raids. This, in turn, helps mitigate fraud.”.

Fraud 239

Fraud Analytics Boston New York 239

PYMNTS

MAY 1, 2018

Welcome to Five at Five , your late look at some of the freshest payments news of the day. Today’s stories include a new mark in the evolving relationship between payments and biometrics, along with a look at possible new regulation for digital currency. Amazon Expands Boston Tech Hub; Adds 2,000 New Tech Roles.

Regulation 101

Regulation Boston Bitcoin cryptocurrency 101

Independent Banker

NOVEMBER 30, 2021

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Online U.S. Education as an anti-fraud tool.

Fraud 160

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PYMNTS

JUNE 5, 2019

While some markets may be seeing relatively slower adoption of mobile point-of-sale (mPOS) than others, there’s no denying that the overall popularity of mobile and contactless payments are growing fast among consumers. Companies across the globe are innovating their mPOS solutions for faster, more secure services.

San Diego 130

San Diego Apple America Mobile 130

PYMNTS

AUGUST 3, 2018

In the latest Mobile Point-of-Sale Tracker , PYMNTS reports on how mPOS solutions are entering new markets around the globe, and how players in the space are working to make sure they also become more secure as they become increasingly popular. Around the mPOS World. Meanwhile, other players in the space are unveiling their first mPOS forays.

Trends 105

Trends Massachusetts United States Boston 105

Celent Banking

OCTOBER 5, 2016

Its seriousness brought into stark relief by the $81mm Bangladeshi incident (something my cab driver in Boston asked about on the way to the airport!), There are two critical points: 1) Banks must make their customers’ data accessible to any qualified third party, and 2) Third parties can initiate payments.

Boston 200

Boston Conference Course Strategy 200

PYMNTS

NOVEMBER 5, 2019

As Boston-based Flywire’s President and COO, Orgel will oversee its global payment network, business operations, finance, legal, compliance, and corporate strategy and development. In some ways, they care more about the payment methods on the screen and they are things they were familiar with.

Apple 152

Apple Leadership Customer Experience Boston 152

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

MARCH 16, 2017

And indeed, the middle of this month has been nothing if not gusty, but daunted not the gutsy — who trekked by the hundreds to Boston for the opening of the annual Innovation Project. The winds blew cold, but discussion ran heated with ideas, writ large and granular, about the future of payments, for the first of two days.

Payments 102

Payments Innovation Data Course 102

PYMNTS

JULY 22, 2019

The business will target early stage startups through mature growth companies, with a focus on the technology, healthcare, and life sciences industries. Stifel offers senior secured loans up to $40 million for working capital and growth capital needs. Stifel Financial Corp.

Lending 100

Lending United States Boston Capital 100

PYMNTS

FEBRUARY 11, 2019

Amid great technological change, health and beauty retailers are developing strategies to drive innovation. 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. Just under half — or 45.9

Innovation 166

Innovation Retail social media Apple 166

PYMNTS

MARCH 16, 2017

And indeed, the middle of this month has been nothing if not gusty, but daunted not the gutsy — who trekked by the hundreds to Boston for the opening of the annual Innovation Project. The winds blew cold, but discussion ran heated with ideas, writ large and granular, about the future of payments, for the first of two days.

Payments 102

Payments Innovation Data Course 102

PYMNTS

AUGUST 4, 2016

The latest news on mobile payments shows that the big banks are wanting in on the mobile wallet race, but are they already too far back in the pack? Here’s the latest news on the mobile + payments + commerce front. Miami Transportation To Offer Mobile Payments. Miami Transportation To Offer Mobile Payments.

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Samsung Google Mobile Millennials 100

PYMNTS

FEBRUARY 4, 2019

They aim to help shoppers move seamlessly from browsing a merchant’s website to perusing the aisles of brick-and-mortar stores through shared carts and other digital payment experiences. The finding was reported by Boston Retail Partners in its 20th annual POS/Customer Engagement Benchmark Survey. Roche Bros.

Innovation 126

Innovation Retail Mobile Massachusetts 126

PYMNTS

JANUARY 15, 2018

It also explains why some innovations in payments have been met with open arms by consumers and others given the cold shoulder. And why advances in the field of voice and visual, particularly when applied to authentication, are poised to become such a disruptive force across the payments and commerce landscape.

Innovation 109

Innovation Payments Google Training 109

PYMNTS

NOVEMBER 3, 2016

Even a decidedly low-tech business can benefit from a little technological boost to help it roll smoothly into the future. They are increasingly able to serve more customers than ever before, thanks in large part to mobile payment acceptance technology. Pedicab drivers in cities like Boston, Chicago and Washington, D.C.,

Mobile 100

Mobile Dallas Apple Boston 100

PYMNTS

AUGUST 3, 2016

Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept Same Day payments, with the option to originate them. It’s providing an enhanced service that everybody is already familiar with, it’s not a brand new payments system where people have to figure out, ‘How do I use this? Kenneally explained.

Boston 100

Boston Fraud Strategy Payments 100

PYMNTS

MARCH 25, 2019

The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. As of last week, the card network announced it will be bringing contactless payments to transit turnstiles in more than 20 U.S. Contactless technology in the U.S., cities in the next few years.

New York City 179

New York City Los Angeles New York Training 179

PYMNTS

MARCH 17, 2017

But some things are different when it comes to intellectual gatherings — at least if the gathering is peopled with some of the best and brightest and insightful in payments. With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. Pot Shots in Payments. Connectivity and Collaboration.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

MARCH 30, 2018

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Kenna Security. Its platform provides proprietary cyber-risk analysis technology to corporate customers. B2B Payments.

US 116

US Capital California San Francisco 116

Independent Banker

DECEMBER 13, 2015

What’s necessary or optional with technology is always changing. In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service.

Community Bank 70

Community Bank Boston Community Iowa 70

Celent Banking

FEBRUARY 24, 2017

Creating a consolidated point of access for all corporate banking services using portal technology that eliminates the need for multiple logins and security procedures was just one of the types of initiatives that were submitted. payroll services). payroll services). I look forward to seeing you there.

Innovation 114

Innovation Boston Technology Meeting 114

Independent Banker

NOVEMBER 24, 2015

What’s necessary or optional with technology is always changing. In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service.

Community Bank 70

Community Bank Boston Community Iowa 70