PYMNTS

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. Every interaction tells banks what customers actually want, meaning FIs just need the right tools to interpret this data. What is Data Analytics?

Analytics 237

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PYMNTS

SEPTEMBER 7, 2020

For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. The year 2020 began inconspicuously — but in a few short weeks, everything changed. Winter Blues.

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Cards Tools Capital Payments 246

PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. It is an open banking platform on one level and it also is a data management platform for consumers on another.

Data 293

Data Innovation Big Data Marketing Strategies 293

PYMNTS

APRIL 9, 2020

From coordinating a team of newly remote workers to assessing new business models, the coronavirus pandemic is drastically disrupting the way organizations run and it is forcing a complete rethink of almost every aspect of operations — payments included. A Surge In Commercial Card Interest.

Cards 232

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PYMNTS

JANUARY 19, 2021

While the coronavirus crisis certainly accelerated the drive toward digital, the mid-market's commerce digitization push was well underway before the pandemic hit. With B2B eCommerce proliferating, the market is rapidly evolving to make way for new business and payment models in response to customer demand. Emerging Business Models.

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PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. As it turns out, the technology can also ease friction for suppliers' AR operations, too.

Cards 199

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PYMNTS

JANUARY 12, 2021

Customer experience management platform provider Paytronix released its holiday gift card report on Tuesday (Jan. 12) and found a mixed bag for restaurant sales of gift cards. Its research found that overall card sales ended the year down 31.8 percent rise in average spend per gift card during 2020.

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PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. market, including Tide and Soldo. Boost Highlights The Data Opportunity.

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Cards Payments Analytics Data 134

Perficient

SEPTEMBER 29, 2022

Embedded finance is the “embedding” of payment or banking software into non-financial services companies’ operations. Uber users input their payment information upon account creation, eliminating the need to dig through a messy purse or fumble through a wallet to find cash or a credit card to pay for a ride.

Customer Experience 294

Customer Experience Software Cards Data 294

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. Our data below shows SMB loan originations have followed a similar trend.

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PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

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PYMNTS

JULY 12, 2020

Delivery startup Dunzo , India’s food and grocery delivery service backed Google , has suffered a data breach, The News Minute reported. While it said users’ credit card numbers were not accessed, the company has not provided how many customers could have been impacted.

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Google Data Security Course 200

PYMNTS

MAY 29, 2019

Gig, eCommerce and public utility firms are putting the spotlight on payment innovations to remain competitive in markets that are becoming increasingly saturated. In contactless payments news, only a small fraction of payments in the United States avoid the swipe or chip card reader. All this, Today In Data.

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PYMNTS

OCTOBER 19, 2020

The Mastercard Track Card to Account Transfer, the release says, will let businesses use commercial cards to pay suppliers even if the suppliers don't take card payments. Manual work won’t be as necessary and businesses will be able to access expanded payment operations, the release says.

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PYMNTS

JANUARY 17, 2018

The corporate expense management market doesn’t look like it once did. The commercial card and expense management market is yet another space in which collaboration between FIs and FinTechs has proved key to driving innovative tools – especially as corporates grow weary with the traditional legacy services their banks provide.

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PYMNTS

FEBRUARY 19, 2020

Analysis of contactless card transactions revealed that the volume of commercial card contactless payments, both debit and credit, jumped 24 percent between 2018 and 2019. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. SumUp Wields Cards For Faster Revenue.

Cards 131

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PYMNTS

APRIL 15, 2019

Mastercard has announced it is upgrading commercial cardholders’ back-office insights by providing companies with more data for Amazon Business transactions. Now, Mastercard said, it is providing mid- and large-sized operations with an easier way to understand and manage expenses. The product is currently available in the U.S.,

Data 177

Data Taxes Tools Analytics 177

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.

Cards 188

Cards Payments Taxes Study 188

Abrigo

DECEMBER 17, 2019

Both established markets and emerging vendors on the Dark Web have been actively promoting fresh inventory and steep discounts for holiday sales, including Black Friday and Cyber Monday. Carding shops offer bulk sales on compromised payment card data. Another popular category in the underground is account markets.

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PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Cards 133

Cards Innovation Data Payments 133

PYMNTS

AUGUST 15, 2019

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee Hy-Vee takes the security of payment card data very seriously,” the company said in a statement on its website. “We

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PYMNTS

JANUARY 30, 2019

Facebook is gearing up to shut down a market research program that relied on an iOS app and reportedly violated the developer guidelines at Apple. The Verge , citing Facebook, reported the market research app would harvest the data of users’ phones with their consent.

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Marketing Guidelines Apple Policies 115

PYMNTS

APRIL 23, 2020

In an interview with PYMNTS, RS2 Software Chief Commercial Officer Bjorn Ovick said ISVs and PayFacs can “fast track” value for their merchants by leveraging data in new and proactive ways. And then with payment itself, you’re not handing over a card.”. It’s tough [to] use data off of reactive buying,” said Ovick. “So,

Data 185

Data Software Trends Payments 185

PYMNTS

JUNE 15, 2020

The United Kingdom-based mobile commerce company recently completed the installation of the new payment option on SoftBank phones, so that customers can make purchases without having to whip out a credit card or punch in a credit card number, Bango noted in its press release. a subsidiary of SoftBank Corp.

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Mobile Marketing Payments Cards 150

CB Insights

MARCH 9, 2023

Many of these companies also offer corporate debit and credit cards. Spend management technology offers a variety of benefits for SMBs, such as operational efficiency, more accurate financial data, and real-time visibility into company spending. Want the full expert post? Become a CB Insights customer.

Trends 62

Trends Management Report Marketing 62

PYMNTS

NOVEMBER 26, 2019

Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. We have confirmed none of your personal data was compromised,” the financial services company said in an email to customers. On Monday (Nov.

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Data Delaware Oregon Maryland 130

PYMNTS

AUGUST 21, 2019

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. avoids cross-border and FX fees , as payments are settled in GBP, euros, U.S.

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Cards Payments United States America 146

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job. In the U.S.

Cards 187

Cards Security United States Technology 187

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

SEPTEMBER 18, 2019

construction market is on a roll, and recent data suggests it is unlikely to slow. The market is on track to record a compound annual growth rate (CAGR) of 4.9 Construction firms looking to succeed in this growing market and turn a profit must complete their projects on time, which means access to steady cash flows is crucial.

Cards 116

Cards Phoenix Fraud Payments 116

PYMNTS

JULY 18, 2018

Chef’d , a the meal-kit operator, has halted its business operations after using up all its cash and failing to line up more of it. While it was able to ink deals with large food companies and diet plans, it was tough to run the operation — and thus the cash burn rate. They are definitely having growing pains,” he said. “It

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Operations Chicago Analysis Branding 100

PYMNTS

APRIL 1, 2020

Data is everything to digital-first banks. Customer interactions offer financial institutions (FIs) invaluable information about consumers’ financial lifestyles as well as their needs as a whole, and banks that fail to harness these insights risk falling behind their data-savvy competitors. Data for Customer Onboarding.

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Analytics Data Fraud System 130

PYMNTS

JULY 7, 2020

Despite the gloom, there is room for optimism as markets begin to cautiously ease travel restrictions. “However, it is strange that in terms of payments, not much has been done in the last few years since the appearance of the virtual credit card.” A World Of Pain Points. ” The Journey Ahead.

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PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market.

Cards 100

Cards Management Regional Policies 100

Abrigo

SEPTEMBER 21, 2020

Key Takeaways Financial institution executives wondering about changes in their market value premiums might need to look at the assumption used for modeling deposit servicing costs. Ideally, have your own cost of servicing data, but if not, here's a basic formula that might generate more meaningful discussion with your board and ALCO.

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Marketing Study Analysis Course 195

PYMNTS

JANUARY 21, 2019

The government was the only place that got stuck in pause this week – the card networks also found themselves on hold in China. But one at least get the impression that card networks, like the rest of payments and commerce are at least trying their hardest to move forward. Card Networks Have Trouble Getting Into China.

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Data Cards Payments Marketing 122

PYMNTS

APRIL 9, 2020

Beyond those immediate operating concerns, looking toward what merchants might need in the midterm to make it through the pandemic (and after it) can be fruitful across the ecosystem, particularly within the services space. Ovick noted there have been indications that bookings for summer 2021 are starting to gain traction.). Fighting Fraud.

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