PYMNTS

AUGUST 5, 2020

The great digital shift, along with the pandemic, has brought all manner of activities into the virtual realm — most notably, of course, commerce itself. Coinstar now owns and operates more than 22,000 kiosks across nine countries and recycles roughly $3 billion in coins annually worldwide ($2.7 billion in the U.S.

Bitcoin 339

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PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. There also tend to be many different card processors and different kinds of payment methods. There also tend to be many different card processors and different kinds of payment methods.

Company 209

Company Fintech Payments Software 209

PYMNTS

MARCH 26, 2020

As Davis noted, larger banks, including regional players, tend to have their own technology platforms — and direct integrations into their own networks — to enable mobile and contactless payments. They are not always fast followers of newly introduced products and services from their larger banking brethren who operate on a national scale.

Community 247

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PYMNTS

SEPTEMBER 2, 2019

For B2B payments, this summer was a season of technological progress. Both buyers and suppliers say they are looking forward to adopting technology that can tackle their biggest accounts payable (AP) and accounts receivable pain points, with PYMNTS’ July Payables Friction Playbook , a collaboration with Corcentric, finding that 42.6

Payments 186

Payments Cards Tools Technology 186

PYMNTS

DECEMBER 15, 2020

In the meantime, CUs will continue to move more of their transactional activities online — done across contactless means, of course, which paves the way to using technologies in new ways to conduct daily financial life. Of course, where payments activity flows, so do fraudsters. How COVID-19 Is Promoting Contactless And Mobile

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PYMNTS

OCTOBER 1, 2019

It’s not hard to find experts who predict that, even with the new date, gas stations will fail to comply with the deadline, which is set by card networks. The number of EMV payment cards in circulation around the world stands at more than 7.1 Such issues will have to be worked out over the next 12 months.

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

NOVEMBER 25, 2019

You might end up ordering or paying with your face via facial recognition technology. Assuming the consumer has a mobile device and uses Apple or Google, the technology can push a loyalty program sign-up offer — sometimes including pre-filled forms — via the person’s NFC-enabled phone. “You You can get rid of the loyalty card.

Payments 225

Payments Mobile Dallas Apple 225

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. In 2019, the major credit card companies charged over $14 billion each year in late fees with an average charge of around $35. and 53% indirect costs: operations, IT, human resources, etc.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

OCTOBER 14, 2019

The general idea, of course, it to further personalize the consumer experience and also save customers the trouble of pulling out credit cards or phones to make purchases. Using cameras and software to recognize license plates is nothing new, of course. are now looking to follow suit.”.

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Innovation Retail Google Course 125

PYMNTS

JULY 17, 2019

China represents what he termed a “world of its own,” marked by mature and advanced technology unseen anywhere else in the world. Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16.

Course 185

Course Regional Policies Data 185

PYMNTS

OCTOBER 6, 2020

For example, Chime CEO Chris Britt recently said that unlike traditional banks that earn money off of fees and interest from loans, his company’s profits come mostly from card usage. Of course, the pandemic has forced banks – like all businesses – to rethink their priorities and make adjustments to how they interface with customers.

Digital Banking 256

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PYMNTS

JANUARY 4, 2019

The workers responsible for the day-to-day operations have a more favorable view of debit cards than customers (93 percent compared with 82 percent), as well as good old-fashioned cash (93 percent to 80 percent) and gift cards (85 percent to 72 percent).

Apple 177

Apple Cards Retail Management 177

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Fraud 52

Fraud Cards Trends Report 52

PYMNTS

DECEMBER 4, 2020

In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises. The banks signing on to the new offering include marquee names such as Goldman Sachs, Barclays and Citigroup.

Lending 224

Lending Meeting User Experience Innovation 224

PYMNTS

AUGUST 15, 2019

The deal was given the green light by the country’s central bank in July, and will cover the processing of debit card operations. The national payment gateway system was launched in December of 2017 to ensure that every debit card transaction in the country was handled using Indonesian technology. In 2018, there were 6.4

Company 115

Company Payments Cards System 115

PYMNTS

MAY 22, 2019

That means riders can use any Visa credential – whether it’s a Visa contactless card , mobile device or wearable – to pay for rides (along with other retail purchases, of course). In reality, and for the time being, this effort is about contactless cards more than other payment forms, but the impact could still be significant.

New York City 171

New York City New York Payments Training 171

PYMNTS

DECEMBER 23, 2020

The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. Creating A Balance.

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PYMNTS

NOVEMBER 27, 2020

Generally considered more nimble and digital-friendly than legacy banks, challengers have injected a much-needed dose of technological innovation into the sector, with business banking an increasingly popular focus for new players. There is so much to do," he said of eCommerce business owners' struggle to manage operations.

Strategy 295

Strategy Industry Marketing Data 295

PYMNTS

SEPTEMBER 17, 2020

In an interview with PYMNTS, Mike Vaughn , senior vice president of operations at eCommerce and financial services platform MerchantE , said merchants must adapt, or risk losing business. It’s not enough that the CX be secure — though that’s critically important, of course. The trend, after all, is toward contactless transactions. “It

Customer Experience 254

Customer Experience Cards Analytics System 254

PYMNTS

JANUARY 23, 2020

Evolution is the hallmark of everything that survives over a long period of time — and so it should come as no surprise that unattended retail has evolved, too, over more than a century since the first coin-operated vending machines made their debut in the late 1800s. To quote a line from an old song, “we’ve only just begun.”.

Retail 161

Retail Data Operations Colorado 161

PYMNTS

JANUARY 27, 2020

Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too. Since last January, $987,000 has been lost to BEC scams demanding payment in the form of gift cards , new research out of Singapore has warned.

Fraud 178

Fraud Analysis Cards Texas 178

PYMNTS

JANUARY 24, 2019

Those questions also speak to the seemingly impossible tension in the world of payments and new card accounts: how to onboard and authenticate consumers as quickly and seamlessly as possible, while also protecting them and the institution from fraud. Hint: The criminals know the difference.) Fraud Getting Worse.

Fraud 174

Fraud Cards Data Comparison 174

PYMNTS

DECEMBER 26, 2019

That’s especially true in payments, where technology can lead to seismic shifts in the way we pay, where we pay and even when we pay, as commerce becomes ever global and a 24/7 activity. Underpinning it all, according to our seers, is, of course, technology. Regardless of the source, the sentiment rings true.

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eBook Payments Course Trends 137

PYMNTS

OCTOBER 20, 2020

Colombia-based RobinFood — Latin America’s fastest-growing chain of “cloud” restaurants — credits proprietary technology, the explosive growth of FinTechs and pandemic-led lifestyle changes as the secrets of its success. Vega said the company planned to invest that money into expanding operations and “winning” in Colombia, Mexico and Brazil.

Company 184

Company America Kentucky Regional 184

PYMNTS

OCTOBER 15, 2020

“We look at it as a conversation that drives action, which has a consequence for everything from a purchase to a loyalty program,” Mike Herrick , SVP of technology at customer engagement platform Airship , told PYMNTS. It can drive user attention effectively, and it personalizes the way our technology works.

Retail 188

Retail Technology Branding Mobile 188

PYMNTS

APRIL 25, 2016

Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion worth of purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. It’s all below in our weekly B2B Data Digest. . .

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

JULY 7, 2020

While banks may be big, slow, lumbering elephants, when they operate as a herd, they can mow down a horse,” said Linville, a former CEO of global cards and consumer services at Citigroup. “I’m For alt lenders, that might mean launching a credit card. I’m very bullish on big banks’ ability to pivot.”.

Fintech 223

Fintech Innovation Software Technology 223

PYMNTS

AUGUST 5, 2019

But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales. According to a new lawsuit, though, one company allegedly found a way around that. The good news?

Company 163

Company Payments Fraud Meeting 163

PYMNTS

JANUARY 16, 2020

Each country will “be able to operate openly and freely in the jurisdiction of the other Party without any force or pressure from the other Party to transfer their technology to persons of the other Party.”. Perhaps key: transfers of technology, or of licenses will be voluntary – and reflect “mutual agreement.”.

Payments 132

Payments social media Operations Examples 132

PYMNTS

DECEMBER 4, 2020

Used strategically, online platforms like that of MerchantE – and tech-driven ways to get paid, such as via cards (and even via text) – can help smooth top lines and cash flow. Easier said than done, of course. As is same-day funding, which has been pushed to cards.

Payments 185

Payments Innovation Online Cards 185

South State Correspondent

AUGUST 10, 2023

The reality is, of course, the money is technically there. Banks will move that money from a “master account” via an internal transfer, wire, ACH, card, or other rail to the appropriate destination later that day. Credit cards will be the same way. However, modern cores utilize open-sourced technology.

System 195

System Examples Operations Data 195

PYMNTS

AUGUST 23, 2019

This means, of course, that using cryptos in commerce is, thus far, a limited proposition. He said the company has devised and brought to market the technology to accept cryptocurrency in stores, today, through existing hardware and software, without the need to upgrade technology already in place. How it Works. White Label?

cryptocurrency 195

cryptocurrency Bitcoin Course Cards 195

PYMNTS

JUNE 25, 2020

With the global pandemic tossing many organizations into a digitization crash-course, business continuity has remained top of mind for the C-suite. Liquidity Resiliency Through Technology. It will continue to be a focus, too, as businesses gradually reopen and as employees begin to return to the office. Mitigating Risk.

Strategy 151

Strategy Management Tools Cards 151

South State Correspondent

OCTOBER 26, 2023

Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each having an impact on bank operations in the coming year. However, of course, it was generative AI that remained at the peak of the hype cycle.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

NOVEMBER 7, 2019

Retail technology is undergoing big changes in the restaurant world, and that includes the drive-thru. Some brands like McDonald’s are turning to voice recognition technology to keep orders moving. Some brands like McDonald’s are turning to voice recognition technology to keep orders moving. Role of Cameras.

Retail 103

Retail Innovation Mobile Google 103

PYMNTS

SEPTEMBER 5, 2019

To solve these issues, we are seeing new innovative technology and processes designed to bring efficiencies to the filing, recording and disbursements of expenses when it comes to mobile workforces emerging. Technology, analysts said, will be essential to addressing these challenges. You don’t want your employees to be stranded.

Management 150

Management Mobile Cards Technology 150

PYMNTS

AUGUST 9, 2017

Some question whether the card-payment network operator will be able to overcome the struggle to “remain relevant” in a market that is quickly changing — and where consumers may soon be leaving card-based payments behind entirely. UnionPay was slow to bring the QR code technology to market in China.

Payments 116

Payments Apple Cards Mobile 116