BankInovation

MARCH 13, 2024

Mastercard Foundry, the innovation hub for product development at the card giant, is creating a new technology-focused position, as it continues its tech investment. The company’s operating expenses in 2023 increased 11% year over year to $11.1 31 earnings presentation. billion, according to Mastercard’s Jan.

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Innovation Management Cards Operations 70

Abrigo

JANUARY 18, 2017

As anyone advising business owners knows, clients are often so busy with day-to-day operations and management that they find it tough to gain a big-picture view of certain financial aspects, such as cash flow. SCORE , a nonprofit association that helps small businesses in partnership with the U.S.

Technology 150

Technology Cards Software Payments 150

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. Leavitt said in a recent interview with Karen Webster.

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Cards Data System Payments 153

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

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PYMNTS

MARCH 26, 2019

Innovators are seeing the potential to shape the way consumers place their orders at quick-service restaurants (QSRs) through digital technology. The restaurant also gains an operational benefit of not needing a person to take an order, as it comes in digitally.

Technology 121

Technology Maine Study Google 121

PYMNTS

SEPTEMBER 18, 2019

and divisions in the Netherlands, Singapore and South Korea — have embraced offerings like virtual and purchasing cards that expedite the payment workflow. . Virtual cards move payments quickly,” Phoenix said. “We Making Virtual Cards A Reality . In addition, virtual card numbers can be used only once before they expire. .

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Cards Phoenix Fraud Payments 116

PYMNTS

JANUARY 6, 2021

Christopher Shaffer , CEO of Utilimarc , recently told PYMNTS that enterprise fleets are facing greater pressure to control spend and optimize their operations. But with fleet managers struggling to coordinate across a range of platforms and a sea of data, tightening the grip over operations can be a challenge. Optimizing Operations.

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PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

Technology 119

Technology Mobile Google Software 119

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. Clear introduced its reusable identity from its Sora ID acquisition and presented it at the conference for the first time to financial services companies.

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PYMNTS

APRIL 2, 2020

For payment service providers, this presents an opportunity to guide small and medium-sized businesses (SMBs) that serve both business and consumer customers toward solutions that can not only support customer satisfaction, but also promote efficiencies for the seller as well. Time is of the essence for B2B small businesses,” said Gray. “To

Payments 160

Payments Cards Customer Experience User Experience 160

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. What happened was exactly what was expected.

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Fraud Data Cards Retail 150

PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. Technology today can automate a range of workflows surrounding a B2B payment, including invoicing, payment term management and payment processing.

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PYMNTS

JANUARY 14, 2021

In addition, PSCU found that increased adoption of contactless “tap and go” transactions through dual interface cards continued to occur during last year’s holiday season. percent of card present activity on contactless debit cards between the beginning of November and the end of December, as contactless credit transactions expanded to 12.1

Innovation Strategies 155

Innovation Strategies Cards Analytics Survey 155

PYMNTS

OCTOBER 16, 2020

Numerous quick-service restaurants (QSRs) have deployed these technologies to support their operations, tailor their customer service approaches and even boost sales, but many players, including several big names, have been reluctant to invest in such innovations. Mobile ordering fraud presents an even greater challenge for QSRs.

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PYMNTS

NOVEMBER 23, 2020

“While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. This approach can be compelling for employers that need to quickly solve problems to grow their workforces and operations worldwide.”. based organizations, 41.2 percent four years later.

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System Management Tools Cards 165

PYMNTS

DECEMBER 1, 2017

First Data , a global leader in commerce-enabling technology and solutions, announced news that it has acquired BluePay Holdings. A provider of technology-enabled payment processing for merchants in the U.S. BluePay CEO, Bala Janakiraman, will continue to lead BluePay’s payment processing operations.

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Data Software Cards Payments 135

PYMNTS

SEPTEMBER 27, 2020

The relationship will help Commerce Bank in its transformation to a more digital way of doing business, as the world continues to embrace digital technology in the wake of the pandemic. The agreement made all of HighRadius' products available for Commerce Bank clients.

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PYMNTS

JULY 7, 2020

Digitizing operations tops the list of merchant imperatives, but getting there can be a struggle — especially when it comes to digitizing the checkout experience for a post-pandemic age. Those types of technology initiatives are increasingly being adopted by businesses of all sizes, said Park, across card-not-present (CNP) transactions.

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Video Tools Mobile Online 284

Perficient

FEBRUARY 12, 2021

My previous blog covered how HR and technology can help improve your employee engagement through artificial intelligence. Consider setting up a video conference with the employee’s immediate team, with a presentation that includes, Org Chart, photos, names and titles of team. Employees are savvy with technology.

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Conference Video Branding Meeting 340

PYMNTS

JULY 31, 2019

Mobile technology by payments provider ACI Worldwide is a crucial part of the Co-operative Group’s (Co-op) new pay-in-aisle app, the firm said in a July 31 press release. . retailer to introduce both chip-and-pin and contactless cards in the U.K. One of the U.K.’s The Co-op was the first U.K.

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Retail Millennials Mobile Operations 139

Bank Innovation

JUNE 5, 2017

billion EMV payment cards in global circulation in 2016, up from 1.3 More than half of the card-present transactions in that period used EMV chip technology, up from 35% last year, according to the report. There were 6.1 billion a year ago, according to data released by EMVCo today.

Cards 150

Cards Data Technology Report 150

Chris Skinner

MARCH 23, 2017

Their CEO, Soner Canko, will be presenting to the Financial Services Club on April 11 (sign up now) and so, in preparation, I interviewed Soner to find out more about the sector for Finanser readers. Banks in Turkey have been highly enthusiastic about using new technologies to reach and engage with their customers. debit cards and 1.7

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PYMNTS

DECEMBER 14, 2020

That inefficient process creates yet another barrier for finance teams: spending hours every week on organizing and analyzing this financial data means that, by the time any insight is presented to executive teams, it's likely already stale. Achieving real-time data analytics is a lofty goal for organizations without the proper tools.

Management 308

Management Strategy Data Tools 308

PYMNTS

JANUARY 28, 2019

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

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PYMNTS

SEPTEMBER 18, 2020

Digital payments — and specifically, card-not-present transactions — may be convenient for consumers, but can impact the very operations of the retailers serving them. In the meantime, Visa Direct’s network effect has the capability to touch billions of bank accounts as well as debit cards globally.

Online 354

Online Survey Maine Study 354

PYMNTS

AUGUST 15, 2019

That the average experience in a quick-service restaurant (QSR) has been greatly enhanced by the addition of mobile technology is almost inarguable. It is that these attacks are coming in at a speed and in forms that are alien to these operators. And it’s not just more attacks — though that is undoubtedly part of the problem, he noted.

Technology 116

Technology Fraud Mobile Cards 116

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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Fraud Cards Retail Security 131

PYMNTS

NOVEMBER 13, 2020

In an effort to overcome this point of friction, alcohol industry solutions provider Fintech and eInvoicing technology firm AccountsFlow recently announced a partnership. Keeping track of invoices and the valuable data they present can be key for a business in any industry. It's all about the speed of getting systems updated.".

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

DECEMBER 2, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. 1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards.

Policies 130

Policies Mobile Maine Fraud 130

PYMNTS

JULY 24, 2016

Businesses of all kinds are racing to reward customers for their loyalty with gift cards, sales and other offers. Often, it’s also friends and family members wanting to present tokens of appreciation. Partnerships with POS providers enable merchants that use those POS systems to accept the digital gift cards seamlessly.

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Cards Mobile System Branding 100

PYMNTS

JANUARY 29, 2020

Amid the targets for return on equity in the investment banking business, Goldman ’s first Investor Day in the wake of a revamped operating structure placed special emphasis on the digital realm. The company will also target loan and card balance growth to reach $20 billion, from the current $7 billion, within five years.

Digital Banking 136

Digital Banking Strategy Management Apple 136

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. In 2019 issuers faced $4.2

Fraud 52

Fraud Cards ATM Case Study 52

Perficient

JULY 11, 2022

Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. And, I didn’t have to pay interest, so I’d say Afterpay worked out for me well in this instance.

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Fintech Trends South Dakota Apple 474

PYMNTS

JANUARY 20, 2021

The banks' continued reticence on lending reflects the uncertainty still present in the economy due to COVID-19, including various government lockdowns and spikes in case counts. In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB.

Lending 161

Lending Payments Fintech Survey 161

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.

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

PYMNTS

MAY 13, 2020

Contactless has existed for a long time, but consumers were slow to adopt, mostly because they didn’t have much of a compelling reason to do something differently — their cards worked fine. For example, within days of restaurants shutting down, we had pushed out new technology designed to help,” said Tempesta.

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Cards Branding Innovation Data 251

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. This issue is present in almost every industry, as the $70.3 billion spent on TV advertising in 2019 illustrates. billion in 2019 and is projected to total $62.1

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Analytics Data Big Data social media 237