PYMNTS

DECEMBER 9, 2020

There are countless technologies banks are employing to help them in this task, but none are as effective as artificial intelligence (AI). The only question is how banks can ensure that they are employing the best strategies to apply them.

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PYMNTS

SEPTEMBER 14, 2020

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. A combination of forces — Netflix’s own content and technology innovations and advances in hardware and software — helped them consistently attract more eyeballs.

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BankInovation

MARCH 18, 2022

To poorly automate a process, use technology as the starting point rather than the ideation process, Pepe Porrata, chief operating officer at $731.7 million bank Varo Bank, says in this episode of "The Buzz.” So you got […].

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PYMNTS

MAY 23, 2019

When it comes to innovation, go to the source. has joined the ranks of companies and brands setting up innovation labs. QSR Innovation. The PepsiCo innovation effort comes at a time of significant technology development in the world of restaurants, including quick service restaurants (QSRs).

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Perficient

OCTOBER 20, 2020

Businesses Must Shift to Automated and Intelligent Technology. Companies that implement modern, intelligent technology can meet every consumer expectation and shift quickly to meet current trends. With the increase of online shopping due to COVID-19, the need to fulfill against extreme demand becomes more important than ever.

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PYMNTS

AUGUST 31, 2017

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. This month the Federal Reserve named Dave Sapenaro , its current first vice president and chief operating officer at the Federal Reserve Bank of St.

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PYMNTS

MARCH 21, 2019

It’s one thing to want to improve or innovate. What’s harder — and what really makes the difference — is figuring how, where and when to innovate, a task that must take into account various factors and even wildcards that keep popping up in the growing and global digital economy and its various ecosystems. B2B Payments.

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Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. Following last year’s conference, Perficient Insurance Principal Brian Bell shared three key takeaways from the 2022 event: First, data and analytics investments still topped many insurers’ list of operational priorities.

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Perficient

AUGUST 4, 2023

In today’s rapidly advancing technology landscape, businesses face a profound revolution in operations, customer interactions, and innovative endeavors. Drive innovation with creative talent and practices.” Partnering with the right digital transformation service provider is vital to thrive in this digital age.

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PYMNTS

JULY 2, 2020

Although CU members want innovation in member loyalty and rewards, most credit unions are not delivering these programs up to the desired standards. Credit union members’ high expectations when it comes to loyalty innovation do not necessarily make or break their banking relationships. Loyalty Innovation Strategies .

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BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

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PYMNTS

SEPTEMBER 18, 2019

It’s an ongoing effort that has probably seen more failures than success stories, but that’s certainly not keeping people from betting on new innovations. And retailers are making bigger bets on [ omnichannel ] technology.”. Indeed, such technology is being used by retailers to better meet consumers on their own terms and platforms.

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PYMNTS

SEPTEMBER 25, 2019

But as time passes and a new decade approaches – one that promises even higher levels of digital innovation and disruption – it’s becoming ever more clear that 5G mobile network technology will help power the so-called Industrial Revolution 4.0. Smart Factory Plans. Images and Robots. also doing the same. Other Areas for 5G.

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PYMNTS

JULY 11, 2019

Innovation takes many flavors and paths, and that’s especially true when it comes to merchants who sell retail products and companies that sell retail services. And payments plays a big role in all those efforts — even though many companies don’t yet to seem to realize how to get the most from transactions. Innovation Role.

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PYMNTS

OCTOBER 18, 2017

Innovation is oxygen in payments. For financial services firms, innovation is spurring speed, killing friction and fostering loyalty among customers. That, itself, begs the question: What is innovation, really? explained there is wide variation in the definition of innovation.

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PYMNTS

MARCH 12, 2020

The company also set up a multi-million-dollar subsidy program to reduce operating costs and capital risks for their merchants, in an effort to help them get back to work safely and efficiently. An Opportunity for Innovation . As the situation evolves, Wang told Webster, the innovative responses are doing the same.

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PYMNTS

FEBRUARY 4, 2019

. “While their contribution has grown at a slower rate than that of large businesses, small businesses continue to be at the forefront of driving innovation, jobs and economic growth.” ” However, as SMBs drive innovation for the U.S.

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PYMNTS

DECEMBER 7, 2020

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. For more on these and other news items from this space, download this month’s playbook. RLJ Financial On Managing B2B Spend With Virtual Cards.

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Abrigo

APRIL 19, 2016

The Office of the Comptroller of Currency, recognizing the sweeping changes in technology and business practices that are affecting financial institutions, is recommending U.S. banks incorporate “responsible innovation” as they adapt quickly to these advances, but what exactly does that mean? Support responsible innovation.

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PYMNTS

FEBRUARY 14, 2020

But, in an interview with Karen Webster, Zac Cohen, chief operating officer at Trulioo , cautioned against a “one-size-fits-all” approach to the digital identity space. Think of technology as a vitamin, he said — in the first instance, it can help companies grow, and embrace digital IDs as an inexorable part of doing business.

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PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. An escalating dependence on technology has made search results and review services like Yelp primary guides for valuable user feedback — with 90 percent of consumers reporting in January that they researched reviews before selecting restaurants.

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PYMNTS

NOVEMBER 12, 2019

Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. But corporate payers are not the only entities in charge of driving adoption of AP automation technologies. billion valuation.

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PYMNTS

APRIL 22, 2020

It’s also opened up conversations about how professionals get paid. While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. ACH Innovation Breaks The Mold.

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Perficient

JULY 30, 2020

Global pandemics may be rare, but crises of all sizes affect business operations in unforeseen ways. And, after employees are back, additional steps will be needed to optimize current operations and/or prepare for the next disruption. What is a Low-Code Application? What is a Low-Code Application? And wow us they did!

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Perficient

SEPTEMBER 22, 2020

Director, Safety and Pharmacovigilance, and Prabha Ranganathan , Director, Clinical Data Warehousing and Analytics, hosted a webinar with Bio-IT World that discussed how to leverage AI and automation to improve case processing. The ROI directly relates to your current processes and the number of adverse event cases you have every year.

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PYMNTS

MAY 30, 2019

As 5G deployments start, the people who run hospitals and medical offices, along with companies that supply healthcare devices and payment services, are starting to figure out what the quicker speed and other features of the new mobile network technology will do for them. 5G and Hospitals. 5G Payments Impact. percent until 2013.

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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 .

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Abrigo

JUNE 2, 2017

As data becomes a more integral part of analysis in today’s technologically savvy world, it becomes clear technology’s influence on client acquisition will only become progressively more important. Former CPA wasn’t using state-of-the-art technology 4.2 Former CPA had poor responsiveness 6.2

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PYMNTS

SEPTEMBER 20, 2018

Along with the proliferation of faster, easier payment technologies, there are countless ways that vendors and suppliers can send and receive B2B payments. About 81 percent use credit cards, for instance, while 41 percent prefer settling accounts with ePayables technology, just to name a couple. All that may be changing, though.

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PYMNTS

OCTOBER 29, 2019

The real estate industry is a popular target for FinTech innovators, particularly when it comes to new services and products that target renters and homeowners. The opportunities of real estate FinTech are vast, and innovation is far from slowing down, according to Ian M. Marlow, CEO of real estate technology firm FitechGelb.

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PYMNTS

SEPTEMBER 17, 2019

There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. Opaque payments moving sluggishly across borders and between banks. Thinking Beyond the Payer. Payment Rails Converging.

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Insights on Business

FEBRUARY 21, 2019

Digitally transforming operations, operating models and technologies to compete in a changing industry structure. At the networking session and the IBM booth, attendees can network with innovation experts, ask direct questions, and see demos of innovative financial services solutions.

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PYMNTS

JANUARY 24, 2018

Vocalink, of course, provides and operates the central payments processing infrastructures that power the U.K. We are going through that [with] Mastercard, as we’re investing a lot in our own agility,” he said, noting that, industry-wide, “we are not just talking about product innovation; we are talking about process innovation.”.

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PYMNTS

FEBRUARY 5, 2018

Business payments company Bottomline Technologies released its FY Q2 earnings data late last week, posting $63.2 B2B payments have not evolved at the same pace as other types of payments, because they can be more complex,” said NACHA Chief Operating Officer Jane Larimer in a statement at the time. “B2B million, up 10 percent.

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PYMNTS

JUNE 27, 2017

As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation?

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PYMNTS

OCTOBER 29, 2019

The pace of payments innovation continues to accelerate, and corporate payments are no longer an exception to this trend. But to understand where B2B payments innovation is going, Jay Dearborn, president of corporate payments at WEX , said the industry must first take a look in the rearview mirror. “To Banks’ Unwavering Role.

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PYMNTS

DECEMBER 5, 2018

Retailers are turning to accelerators to drive innovation, and Target is taking its program to the international stage: It is teaming up with Germany’s wholesale and food specialist METRO AG for its cohort this year. The outlet also noted that the retailer was seeking to build an “operating system” for retail with its Store of The Future.)

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