Predictions for 2021: The World is a Digital Place

Mobile Payments Today

2020 was a difficult year in many aspects, but it also challenged the payments industry to find new solutions to work through the limitations of the pandemic. Seth Brennan, CEO of North Lane Technologies, a payments industry veteran, shares his thoughts on the year ahead

3 Payments Trends to Watch in 2021

Mobile Payments Today

While COVID-19 has certainly had an impact on every industry, certain trends that began in 2019 continued to develop in 2020, and some of them may even blossom fully in 2021 As 2021 rapidly approaches, many of us are hoping for better days after the whirlwind year of 2020.

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Restaurant Industry Report: Change And Technology On The Menu

PYMNTS

The National Restaurant Association , the country’s (and world’s) foodservice trade association, released its annual State of the Restaurant Industry report on Tuesday (Jan.

Shall We Chat? Using Chat to Engage and Sell a Customer

Mobile Payments Today

Hannes shares his thoughts regarding this unique type of commerce and what it could mean to the mobile payments industry moving forward Mobile Payments Today interviewed Hannes Van Rensburg, chief commercial officer for Clickatell's on the subject of chat commerce.

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How to Overcome the Pain Points of Your CRM

When used effectively, a CRM can be the life blood of your sales team – keeping everyone organized, efficient, and at peak productivity. However, as a company, sales stack, and database grow, it becomes difficult to uphold structure and governance to keep a CRM up-to-date. The result? Less organization, more confusion, and fewer deals closed. Leveraging leading industry research from industry analysts, this eBook explores how your sales team can gain back valuable time.

GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release.

Lemonade CFO On The Insurance Industry’s Innovation Dilemma

PYMNTS

He recently told Karen Webster about how new market entrants can rethink aspects of the industry that no longer work for the policyholder or insurance company, and which parts should be preserved to drive the evolution of the sector overall.

Where the rubber meets the road: digital payments and the trucking industry

Mobile Payments Today

The trucking industry was content with its payment processing for years until the pandemic hit. Mobile Payments Today interviewed Justin King, Senior Vice President, product and innovation for Comdata on how the industry has moved forward with digital payments

Tapping Payment Orchestration To Get Travel Industry Back On Track

PYMNTS

And while all cross-border businesses, and even domestic ones with an international customer base, can be better served by payments orchestration, the travel industry is undoubtedly the one that will benefit the most, said Druet.

Retail Industry Groups Support New Stimulus

PYMNTS

Retail industry trade leadership likes what it sees from Washington so far. Retail National Retail Federation News Paycheck Protection Program Retail Industry Leadership Association stimulus

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

The Payments Industry Was Ready

PYMNTS

As most businesses and industries have struggled over the past 12 weeks, the payments industry was ready with the necessary infrastructure, products and services to support the digital shift. “Sustained business success is dependent on business readiness to adapt to the changes in the market conditions, including the evolving needs of customers.”. Most people are utterly stunned and surprised by sudden disruptions like COVID-19. Others know that pandemics and crises come and go.

How mobile payments are changing the restaurant industry

Mobile Payments Today

Mobile payment acceptance is leading to rapid change in the restaurant industry, impacting everything from credit card use to delivery and online ordering as well as customer loyalty

Five cross-industry payments opportunities in the new normal

Accenture

The post Five cross-industry payments opportunities in the new normal appeared first on Accenture Banking Blog. Without a doubt, 2020 has been a year of disruption.

Tourism Industry Braces For Continued COVID-19 Downturn

PYMNTS

Problems with vaccine rollouts and the continuing spread of the coronavirus have dampened the travel industry's expectations for a recovery from the economic issues it's been facing, The Wall Street Journal (WSJ) writes.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

TD's evolving view of the payments industry

Payments Source

Kate Fitzgerald, senior editor at PaymentsSource, talks to Barry Baird, head of payments capability and delivery at TD Bank, about how technology has transformed the way people make P2P payments and handle other day-to-day interactions with the bank. Real-time payments PayDirt TD Bank

Why the insurance industry should prioritize digital payments

Mobile Payments Today

The insurance industry needs to consider how their payments technologies match up with increasingly disruptive trends in the financial services space

Shellfish Industry Tries DTC Strategy

PYMNTS

shellfish industry was headed into 2020, the big concern was climate change. In order to understand how the pandemic has impacted the shellfish industry, it’s important to have some background into how it works, using oysters as an example. As the U.S.

Banking industry groups seek help on COVID-19

Mobile Payments Today

Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are concerned that time needed for saving their businesses could run out before help arrives

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How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

Following COVID-19: How the virus is affecting the mobile payments industry

Mobile Payments Today

Mobile Payments Today is doing its best to provide news and updates regarding how the coronavirus is affecting the payments industry. We'll update this story with the lastest headlines

Walmart Canada Eyes Cannabis Industry

PYMNTS

” Earlier this year, Constellation Brands , which owns Robert Mondavi, Corona and Svedka, took a stake in Canada’s Canopy Growth — an up-and-coming player in the blooming marijuana industry. “It’s Retail canada Cannabis Cannabis Industry News walmart What's HotWalmart’s Canadian unit might start selling cannabis-based products in the future, although there are no immediate plans in the works.

Restaurant Industry Group Pushes For COVID Vaccine Access

PYMNTS

Sean Kennedy , a spokesman for the industry group, said in a statement to CNBC that vaccinating food service workers “will help ensure the food supply chain for our communities and ensure that agriculture industry and restaurant industry employees will be safe selling and serving healthy food.”.

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The Diamond Industry Polishes Its B2B eCommerce Strategy

PYMNTS

Like so many industries today, the diamond sector continues to struggle with supply chain digitization. As the diamond industry continues to digitize procurement workflows, there are other factors unique to the sector that will have to endure some problem-solving.

The Impact of Direct Dials on Sales Productivity

Leveraging the latest industry research, this eBook highlights the impact of direct dial phone numbers on sales productivity with the goal of empowering reps to have more conversations with prospects, and consequently, schedule more meetings, increase opportunities, and close more business - fast.

Reliance Industries Weighs Purchases Of Retailer, Delivery Companies

PYMNTS

India’s Reliance Industries is in talks to buy online furniture retailer Urban Ladder in a transaction valued at as much as $30 million, the Times of India reported on Monday (Aug.

General Atlantic Pours More Cash Into Reliance Industries

PYMNTS

General Atlantic , a New York-based global growth equity firm, announced it will invest 3,675 crore i nto RRVL, a subsidiary of Reliance Industries in Mumbai, India. . percent stake in Reliance Jio , the digital subsidiary of Reliance Industries.

Noodles & Company CEO: Digital Shift Will Gain Momentum As Restaurant Industry Recovers

PYMNTS

It’s the most innovative industry I can think of, and I think it’s actually shown great resilience. Boennighausen predicts that restaurants will see a weaker performance at lunch, a cost-conscious swing away from the “average check increases throughout the industry” seen during the pandemic.

FTC Tosses Payday Lender From Industry, Frees Debtors

PYMNTS

An online payday lending scheme operating under several different names was banned from the industry and debts owed to it wiped from the books, the Federal Trade Commission (FTC) said in a press release.

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Dirty money: Sex and the payments industry

Payments Source

The banking and payments industries have had a long and conflicted history with adult content. When Mastercard and Visa cut ties with Pornhub in December, it was abrupt but unsurprising. Compliance Online payments Digital payments Network rules Credit cards

Fintech in the food industry: A growing appetite for innovation

Payments Source

Supermarkets and restaurants were already starting to go digital when the pandemic pushed hard on the gas. Expect more mobile and virtual experiences —and much less space for sit-down dining. Fintech Retailers Digital payments Coronavirus

Financial services industry struggles to emerge from lockdown

Payments Source

Financial services industry Work from home Mortgages Payments Wealth management Coronavirus Employee communicationsOur third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

Bank Innovation Launches Industry Watchlist

Bank Innovation

In our constant pursuit of encouraging industry innovation, we are always on the lookout for new and inspiring players, and are eager to share our findings with our readers. To do this, Bank Innovation has launched the Watchlist. The Watchlist monitors startups from around the world, highlighting those that could transform financial services. Here, you’ll find some of […]. Exclusive Payments Startups Technology INV Fintech startups watchlist

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.