PYMNTS

MAY 1, 2019

Accounts payable operations are essential to ensuring that payments to a firm’s partners and suppliers are processed and delivered on time. Yet these firms were considerably more likely to embrace innovation. Additionally, a significant share of invoices (43.8 percent) arrive via snail mail. A significant share of firms, 71.1

Innovation 202

Innovation Survey Operations Report 202

PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Unfortunately, credit card withdrawals and those done through traditional payment processors can take a few working days.”.

Innovation 137

Innovation Payments Taxes User Experience 137

PYMNTS

DECEMBER 31, 2020

Main Street SMBs: The 18-Month Outlook. Main Street small- to medium-sized businesses’ (SMBs’) confidence of survival has progressed as the pandemic has continued. percent fewer Main Street SMBs are hopeful of survival. percent use debit cards and 42.1 percent made purchases via mobile in the last 24 hours. percent to 11.5

Data 277

Data Innovation Payments Millennials 277

PYMNTS

JULY 18, 2019

Data is where it’s at, and more credit unions (CUs) are waking up to the fact that without sophisticated analysis of customer data, they risk being left behind as financial institutions continue to adopt innovative digital technologies to please the modern consumer. Credit Cards. Investment Trends. Among the most significant findings?

Innovation 124

Innovation Data Cards Maine 124

PYMNTS

SEPTEMBER 3, 2019

Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .

Innovation 223

Innovation Payments Branding Cards 223

PYMNTS

APRIL 13, 2020

Aquilina previously spent almost eight years working in commercial card products at Mastercard prior to joining the Portland, Maine-based WEX. Bank and was in charge of fleet card programs. “As In addition, Dylan Jones will move from payments strategy operations leader to VP of operations.

Payments 239

Payments Portland Strategy Innovation 239

PYMNTS

JUNE 1, 2020

Many Main Street SMBs, local restaurants and designer boutiques are doing it for the first time. Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. But given the absence of contactless card penetration in the U.S., Gas stations are encouraging it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

NOVEMBER 12, 2018

Once consumers reach the app’s main screen, they can find photos of the product that is up for sale that day, along with options for colors and sizes, and make a purchase, if they so choose. And payment innovators are taking note, with Samsung Pay bringing new shopping and rewards features to its mobile payment service.

Innovation 186

Innovation Samsung Apple Mobile 186

PYMNTS

MAY 22, 2020

Moreover, all demographic groups are far more likely to use phone than email or chat to reach card service departments — and this method is associated with higher satisfaction and resolution rates. Our data suggests that card customer service departments must be equipped to address these fundamental concerns.

Cards 216

Cards Data Millennials Report 216

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposers are the ecosystem wild card. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Consumer for the end user.

Innovation 146

Innovation Cards Payments San Francisco 146

PYMNTS

JUNE 24, 2016

Oberthur Technologies (OT), a provider of embedded security software products and services, has rolled out a multi-payment dual interface card. This card, developed on OT’s Global Platform, is the first of its type that includes new features from both Visa and MasterCard. dual debit and prepaid migration.

Cards 102

Cards Pennsylvania Payments United States 102

PYMNTS

JULY 27, 2020

Our surveys found that like most consumers and businesses, Main Street SMB owners thought in March that the lockdowns would last two or maybe three months tops. The PYMNTS study found that sluggish sales figures have cut cash flow for Main Street SMBs hard as the pandemic grinds on. But even then, 58.4 percent of U.S. Cash Flow Woes.

Maine 234

Maine Payments Study Survey 234

PYMNTS

MARCH 8, 2018

That’s the question Brian Dorchester, EVP of Operations at First American Payment Systems , explored in this week’s Commanders In Chief series. The industry, he noted, was fairly stagnant for about 15 years before the more recent wave of innovation swept over the space. Security comes first, said Dorchester.

Innovation 112

Innovation Security Industry Fraud 112

Celent Banking

JANUARY 22, 2015

On the social aspect of banking, Banco Colpatria in Colombia offers credit cards to individuals using Lenddo’s social scoring. Galicia MOVE includes a savings account, a debit card and a credit card. What about banks? Banks are trying; not only by making interesting bets around digital but also social. Change or die.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

MARCH 24, 2020

Determining a company’s main motivation is especially important since the lines between payments monetization and customer experience continue to blur. Uber, after all, may have dozens of people staffing the payments side of the operations, but smaller firms simply do not have comparable resources.

Innovation 141

Innovation Payments Software Customer Experience 141

PYMNTS

SEPTEMBER 17, 2019

In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly. A series of payment innovations are promising to put an end to some common B2B payment frictions, including online portals, same-day ACH and automated accounts receivables (AR). Fraud Epidemic.

Cards 130

Cards Payments Fraud Phoenix 130

PYMNTS

JULY 5, 2017

Innovation is both genesis and lifeblood for companies, especially within the payments space. PYMNTS: How would you define Applause’s approach to innovation? PYMNTS: How would you define Applause’s approach to innovation? Our approach to innovation is two-fold. Innovation is only valuable if it’s usable.

Innovation 121

Innovation Customer Experience Mobile Security 121

PYMNTS

DECEMBER 19, 2018

While quick-service restaurant (QSR) managers and customers might view the same menu, they might not always be on the same page when it comes to technology and innovation. However, a look at recent data found that many QSRs are not exactly quick to implement customers’ preferred innovations. About The Restaurant Readiness Index.

Innovation 123

Innovation Management America Customer Experience 123

PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. PYMNTS: What does innovation mean to you? ML: To me, innovation means bringing relevant technology, products and services to our customers or partners we are targeting.

Innovation 108

Innovation Security Payments Mobile 108

PYMNTS

JUNE 24, 2020

Governments around the world have launched stimulus programs aimed at supporting the payrolls of businesses forced to scale back or shutter operations during the pandemic. The government turned to a solution that is gaining popularity in the private sector: prepaid pay cards. Around The Changing Payroll Landscape. About The Tracker.

Meeting 236

Meeting Trends Cards Innovation 236

PYMNTS

NOVEMBER 8, 2017

Dozens of countries already have real-time payments programs in operation, with several more under development, as identified by financial services technology provider FIS in its latest Flavors of Fast report. This scheme supports near real-time transactions and, like Denmark’s, operates 24/7.

Innovation 101

Innovation Payments System Operations 101

PYMNTS

JULY 30, 2020

Plus, the testimony of tech giants on Capitol Hill revealed chief executive officer views on competition and innovation. The audit determined that personal information held by the main digital payments system in the country operated by the RuPay card network was vulnerable. Enova To Buy OnDeck In $90M Stock And Cash Deal.

Report 133

Report Payments National Maine 133

PYMNTS

OCTOBER 2, 2019

Payments Innovation. And you can bet (sorry) that this fall, more of that money is going through not only mobile channels, but via more prepaid cards and other innovative methods. in the coming years will almost certainly be the prepaid card aspect. in the coming years will almost certainly be the prepaid card aspect.

Online 134

Online Houston New Jersey Innovation 134

PYMNTS

JULY 30, 2019

He will also be the main contact person for the regulatory agencies tasked with oversight of Visa in the more than 200 countries in which it operates. Before that, Fabara worked at Barclays Bank as global chief operating officer for Barclaycard. He also worked as chief operating officer, card services, at Alliance Data Systems.

Strategy 174

Strategy Operations System Security 174

Chris Skinner

JULY 13, 2017

This is forcing banks to replace systems that have been operating for three decades or more, and that is like ripping out the foundations of a building whilst ensuring the house doesn’t fall down. The main reason is that China was not a card-based economy. It is not easy. For me however, it illustrated a different conundrum.

United States 316

United States System Mobile Maine 316

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. FIs themselves struggle with fully understanding how this industry operates, too. According to Karalevi?ius,

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

PYMNTS

NOVEMBER 4, 2016

PYMNTS recently caught up with Ben Morris, founder and chief pedicab officer at Coaster Pedicab, which owns and operates bicycle taxi companies in more than a dozen cities, including Boston, Chicago and Washington, D.C., That’s why many pedicab companies and drivers are increasingly embracing mobile payment acceptance solutions.

Cards 100

Cards Payments Industry Mobile 100

PYMNTS

AUGUST 10, 2020

Credit and debit card payments accounted for 75.3 percent of all non-cash payments made, with debit cards being roughly twice as popular as credit cards. One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it.

Payments 222

Payments Innovation Study System 222

PYMNTS

JULY 7, 2020

Fernando Souza , vice president at payments platform CyberSource , a Visa solution, told PYMNTS in a recent conversation that such fears have public transit systems around the world looking at moving to EMV contactless payments and away from cash, paper tickets and closed-loop, card-based systems. They can just tap and go.

Payments 169

Payments Training System Operations 169

Chris Skinner

MAY 30, 2017

In order to load funds to your account, you need to buy a scratch card from an agent or at a telco branch (agents are people, whom you can find near almost any bus stop or shopping centre). Fintech development in Rwanda is driven by Telcos.

Mobile 334

Mobile ATM Fintech Conference 334

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Carlson pointed to HealPay’s over-the-phone card payment compliance offerings as an example.

Compliance 178

Compliance Meeting Payments Cards 178

PYMNTS

NOVEMBER 2, 2020

Payments Innovation Leads the Way . Payments and banking products were pushed to the head of the digital-first line thanks to the pandemic, leading to the acceleration of contactless and card-not-present commerce. Those processors will in turn work with issuing banks to offer near-instant issuance of cards.”.

Study 205

Study Cards Payments Innovation 205

Bank Innovation

AUGUST 14, 2017

Between keeping business users happy, integrating new technologies into the app, and preparing for an upcoming consumer rollout, Curve’s new head of operations, Rona Ruthen, has a lot to do.

Maine 199

Maine Payments Operations Technology 199

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

APRIL 12, 2019

The stakes are too high to turn away from at least the prospect of such relationships, not with the fierce pace of innovation punishing anyone who lags behind, and regulatory measures such as PSD2 aiming to make the world safer for FinTech-FI collaborations. And Commonwealth has been one of the innovation leaders.”.

Fintech 168

Fintech Innovation Mobile Payments 168

PYMNTS

JANUARY 28, 2019

Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. Innovation by Any Other Name. is nothing new.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

JUNE 13, 2016

Banks are feeling a lot of pain points and facing a lot of challenges, but one of the most significant might just be the cost of card processing. A lot of the large processing players have really conditioned the market to believe that commercial cards are incredibly complex, when in reality they’re not,” King explained. “A

Cards 100

Cards Fraud Tools Data 100