Remove Cards Remove Operations Remove Technology Remove United States
article thumbnail

Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. The pandemic has fundamentally changed the lives of working professionals across the United States — possibly for good. RLJ Financial On Managing B2B Spend With Virtual Cards.

article thumbnail

BMO’s Digital-First Transformation Unlocks Operational Efficiencies

PYMNTS

These operations are quantifiably more efficient: A recent study found that customers typically spend nine minutes to acquire a check from a bank teller, but only 40 seconds to complete the same task with a self-service kiosk. BMO expanded its footprint to the United States by purchasing Harris Bank of Chicago in 1984.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa: EMV Cuts Card-Present Counterfeit Fraud By 80 Pct

PYMNTS

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1 million in Dec.

Fraud 251
article thumbnail

Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471
article thumbnail

No more checks, please. Your business needs a digital payments strategy.

Perficient

Businesses seek to optimize their operational efficiency as part of their digital transformation. In today’s business environment, physical checks present several challenges that hinder operational efficiency, including time-consuming processing, high costs, and susceptibility to errors or fraud.

Strategy 221
article thumbnail

Cloud Speeds Cross-Border Card Issuance For Visa and TransferWise

PYMNTS

Resolved: The highest priorities for banks and credit card companies in today’s payments landscape are cross-border payments, relationships with FinTechs and cloud-based technology. Both said that card issuance can be done more easily through the scale and reach accessed through a single point of integration.

Cards 180
article thumbnail

Airports Expand Range Of Digital Identity Technology

PYMNTS

The identity verification firm, which has been around since the early 2000s and was formed in the aftermath of 9/11, offers a subscription service that gives passengers the option to move more quickly through security lines at over 60 airports and sports stadiums around the United States. The cost of annual membership is $179.