PYMNTS

DECEMBER 18, 2020

made good on its previously announced plan to allow group audio- and video-conference calls on its Echo devices, The Verge reported. The service appears to present a direct competitor to Zoom and Microsoft Teams in the market to provide group calls to relatively small groups of people. Amazon Inc. In the U.S.,

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Video Groups Meeting Google 222

PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

Groups 278

Groups Report Regulation Meeting 278

PYMNTS

JANUARY 14, 2021

In today’s top payments news around the world, Grab Financial Group said it has raised $300 million in a funding round, while the Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy. Grab Financial Group Raises $300 Million For Expanded Finance Solutions.

Innovation 138

Innovation Policies Groups Payments 138

PYMNTS

MAY 29, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

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Maine ATM Innovation Millennials 130

PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. The amendments regard Same Day ACH and new methods of making ACH payments simpler to use.

Innovation 241

Innovation Cards Payments Technology 241

PYMNTS

NOVEMBER 15, 2020

Uber may sell its autonomous vehicle unit Uber Advanced Technologies Group ( UberATG ) to a competitor, startup Aurora Innovation, according to a news report. Aurora, which was founded in 2017 by a former Google lead engineer for the self-driving car project, was most recently valued at around $2.5

Innovation 214

Innovation Report Arizona California 214

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. 21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). As for what may be underpinning a group effort …. But as reported Tuesday (Jan.

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Groups cryptocurrency National Study 142

PYMNTS

DECEMBER 15, 2020

Increasingly, those value-added services are not only focusing on speed of payment, but also enhancing the data that end-users can access about their transactions, with new solutions from Bank of America and Scotiabank some of the latest to bring real-time rails to corporates. Visa Talks Payment Rail Innovation.

Innovation 236

Innovation Data America Payments 236

PYMNTS

DECEMBER 22, 2020

They will need to continue innovating these processes to stay on top of shifting B2B trends worldwide. The group previously spent about $50,000 annually just to mail out paper check payments, Freese noted, before it switched instead to making these transactions via virtual cards.

Innovation 237

Innovation Cards Payments Study 237

PYMNTS

DECEMBER 10, 2019

The world of quick service restaurants (QSRs) is where it’s at when it comes to so much retail innovation these days. And a pizza chain, Domino’s, provides some of the latest evidence of that, via a new GPS tracking program. That’s hardly it when it comes to recent innovation in this space. Loyalty Innovation.

Innovation 131

Innovation Retail San Diego Phoenix 131

PYMNTS

SEPTEMBER 16, 2019

These are some of the ways that innovators in the dining space are making it easier for consumers to order their favorite foods — and for restaurants to accept their orders: The projected value of online restaurant delivery sales by 2022, compared to $25 billion today, is $62 billion. Indiana University will have them this month.

Innovation 192

Innovation Mobile Groups Indiana 192

PYMNTS

MARCH 26, 2019

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1. Members will participate on a rotational basis.”.

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Groups Fintech New York Financial Technology 135

PYMNTS

SEPTEMBER 25, 2019

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? Is real-time global payments expanding to new markets? percent of all FIs consider both their core and IT systems effective for innovation, while 19.7 Areas of Innovation Focus.

Innovation 171

Innovation System Compliance Payments 171

PYMNTS

OCTOBER 26, 2020

Ma has criticized the financial and regulatory system in the past, saying they “stifle innovation,” according to Reuters. Ma said his preference was for a new, inclusive banking system where loans are made based on big data to small businesses and individuals.

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Groups New York City Report New York 213

PYMNTS

JULY 1, 2019

When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs. This is changing — in a big way. percent to higher than that of large FIs.

Innovation 157

Innovation Innovation Strategies Survey Groups 157

PYMNTS

JUNE 23, 2017

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants.

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Meeting Groups Industry Report 187

Perficient

SEPTEMBER 21, 2023

It’s not new news and it doesn’t need to be complicated; it’s just a revolution of how we leverage data! Organizations can get AI-ready by looking at their data-readiness factors and begin to work with groups like Perficient to ensure data-readiness. But guess what? intelligence automation).

Data 491

Data Tools Customer Experience Security 491

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Groups 141

Groups Retail Strategy National 141

PYMNTS

JULY 24, 2020

It’s a model based on the concept of collaboration and cooperation, two ideals that have become instrumental in the financial services arena’s payments innovation efforts. ” That global reach also had the CU prioritizing global payments innovation from the get-go. As the U.S.

Innovation 201

Innovation Payments Leadership National 201

PYMNTS

MAY 14, 2020

Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus.

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Groups New York City New York Washington 231

PYMNTS

MARCH 17, 2020

Credit union (CU) members are known for loyalty to these financial affinity groups, but that loyalty is being tested. The 2020 Credit Union Innovation Index , conducted in partnership with PSCU , found that over 20 percent of members would drop their current CU over lack of innovation. percent to 21.9 Competitive Threats.

Innovation 159

Innovation Study Operations Examples 159

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa's work in the world of blockchain this week wasn't limited to its collaboration with Circle.

Innovation 220

Innovation Payments blockchain Resources 220

PYMNTS

APRIL 29, 2020

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. CUs value innovation that benefits members.

Innovation 152

Innovation Payments Millennials Survey 152

PYMNTS

JANUARY 7, 2020

Innovation is no longer optional – it’s table stakes to stay in the game. The good news: There is no shortage of innovative ideas and options for today’s FIs to offer to their customers: digital wallets, P2P payments, card controls, fraud and security protection, and loyalty and rewards perks among them.

Innovation 139

Innovation Technology Marketing System 139

PYMNTS

NOVEMBER 3, 2020

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. In a brief statement, the groups said they had “conducted regulatory interviews with Ant Group’s actual controller Jack Ma, Chairman Eric Jing and Chief Executive Simon Hu.”.

Groups 196

Groups Regulation Report Security 196

Bank Innovation

NOVEMBER 23, 2016

Banco Santander has also dropped out of the R3 CEV Blockchain Group. This news follows yesterday’s news that Goldman Sachs, one of the group’s original founders, chose not to renew its membership or invest further in the consortium.

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blockchain Groups National Online 150

PYMNTS

NOVEMBER 6, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. Millennials and Gen Z are among the groups that are most likely to have received instant payments. NEW DATA: Five Payments Innovations for Winning the Digital-First Shopper. Millennials Drive More to Faster Payments .

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Online Payments Millennials Apple 148

PYMNTS

AUGUST 16, 2018

Those are some of the common myths of innovation , and they apply to the payments world. Moving past those myths, and finding deeper truths about payments innovation, was the underlying result of a recent PYMNTS webinar, featuring Karen Webster and Amir Wain, founder and CEO of i2c , an integrated commerce and smart payments firm. “

Innovation 190

Innovation Payments Survey Meeting 190

PYMNTS

OCTOBER 22, 2020

If so, Chinese FinTech Ant Group has a deal for you. As Ant Group is on the verge of launching a blockbuster, $35 billion IPO , its blockchain business, AntChain, has unveiled a new platform designed to help those on the creative side of the aisle protect their work from poachers.

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Groups blockchain Software Video 130

PYMNTS

OCTOBER 16, 2020

Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week. Bling Capital headed up the financing round, with participation from Alumni Ventures Group and Accomplice, in addition to former high-level officials at multiple firms and other advisors.

Innovation 174

Innovation Capital Security United States 174

PYMNTS

JANUARY 29, 2020

In other news, rapper and singer Akon has finalized plans to build Akon City , which is a 2,000 acre center in Senegal. Also, digital financial services company BCB Group said that BCB Payments Limited has secured an Authorized Payment Institution (API) license from the UK Financial Conduct Authority.

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blockchain Groups cryptocurrency Bitcoin 133

PYMNTS

MARCH 20, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. In-house ordering apps are typical for large quick-service restaurant (QSR) companies, with only those who are willing to take risks and innovate standing out from the herd.

Technology 181

Technology Apple New York City social media 181

PYMNTS

DECEMBER 18, 2019

To create and promote the adoption of a new royalty-free connectivity standard to make smart home products more compatible with security as a design tenet, Amazon, Google, Apple and the Zigbee Alliance unveiled a new working group. 18 announcement. .

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Groups Google Apple Samsung 131

PYMNTS

SEPTEMBER 9, 2019

A new NFL football season wasn’t the only thing that kicked off in recent days. 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. More Innovation. The NFL stands to make $2.3

Innovation 137

Innovation Payments Taxes User Experience 137

PYMNTS

FEBRUARY 28, 2019

Australian digital identity management technology firm Identitii is joining a group of the nation’s largest banks to boost efficiency of digitizing data exchange for its financial institution customers. The tool deploys blockchain technology to enhance the movement of information via banks’ existing infrastructures. ” .”

Groups 109

Groups Innovation Fintech Industry 109

PYMNTS

MAY 21, 2018

A group of progressive advocacy groups, including MoveOn and Demand Progress, is calling on the Federal Trade Commission (FTC) to break up Facebook in the wake of the Cambridge Analytica data scandal. But Facebook and Mark Zuckerberg have amassed a scary amount of power,” wrote the groups on the Freedom From Facebook website.

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Groups social media US Data 100

PYMNTS

APRIL 5, 2019

Ian Goodfellow is now a director of machine learning in Apple’s Special Projects Group, CNBC reported. The news comes as it was recently reported that Apple had acquired machine learning startup Laserlike to bolster its AI efforts. The results could be shared via an “inbox” within the app and searched through like news.

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Groups Apple Google Video 139