PYMNTS

JANUARY 30, 2020

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.

Operations 152

Operations ATM Cards Case Study 152

PYMNTS

JUNE 19, 2019

million in fresh funding, capital that will go toward “a B2B offering (that allows) individual travel agents at large online travel management companies and tour operators to offer a ‘seamless travel experience’ to their end customers, making the booking experience simpler, faster and cheaper.”. Payments Cost.

Innovation 152

Innovation Industry United States Payments 152

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.

Innovation 192

Innovation Mobile Groups Indiana 192

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. The pandemic has fundamentally changed the lives of working professionals across the United States — possibly for good. Around The B2B Payments For The Virtual Workforce World.

Management 268

Management Cards Company Innovation 268

PYMNTS

JANUARY 24, 2020

But no matter the case, music is a big part of the retail world, and is helping to create new harmonies of innovation and disruption. Although Apple will operate the playlist, a fairly young label called UnitedMasters , founded in 2017, will provide much of the music. Others don’t. New Partnerships and Services.

Retail 151

Retail Innovation Apple San Jose 151

PYMNTS

DECEMBER 31, 2020

This study assessed how restaurants’ customer engagement strategies have evolved since the pandemic's onset, and helped identify the key digital innovations that can help restaurants deliver improved user experiences and boost their average unit volumes (AUVs). Key Data Points: 68.2 percent use debit cards and 42.1 percent to 11.5

Data 277

Data Innovation Payments Millennials 277

Bank Innovation

JANUARY 24, 2018

JPMorgan Chase will open 400 new branches in the United States, raise the hourly wage for a portion of its workforce, and add new jobs to its banks as part of a $20 billion investment program, the bank said yesterday. The new branches will join the 5,130 Chase is already operating in the U.S., raising […].

United States 316

United States Operations Regulation 316

PYMNTS

JANUARY 28, 2020

The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3 One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers.

Innovation 155

Innovation St. Louis Fraud United States 155

Perficient

FEBRUARY 2, 2023

All of Instagram’s shopping features allow users to add items from multiple vendors into an Instagram-operated cart. In 2023, we expect to see this response exaggerated and heightened. Here are some of the biggest payment trends we’re forecasting for the new year.

Industry 471

Industry Trends social media Payments 471

PYMNTS

MARCH 30, 2020

Flywire’s Talaga noted the crisis in action has also caused some rapid resetting of payments operations on the backend. All panel participants noted that healthcare has not been an industry focused on digital innovation — either in terms of the provision of care or in paying for care. What’s Next?

Innovation 147

Innovation System United States Tools 147

PYMNTS

OCTOBER 30, 2020

It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 billion of these payments in 2018 alone for a total of $97.04 Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. consumer purchases made with cash.

Operations 228

Operations Payments Compliance System 228

PYMNTS

NOVEMBER 14, 2019

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 venues across the United States.

Mobile 129

Mobile Innovation San Jose Iowa 129

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. 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. Seven EU Firms Form X-Border Mobile Payment Network.

Innovation 116

Innovation Payments Apple United States 116

PYMNTS

AUGUST 6, 2020

Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before. How Customer Expectations Have Driven Payments Innovation.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

SEPTEMBER 6, 2019

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. Women have become involved in all facets of the legal cannabis operations across the United States and Canada. and Canada. Big Retail.

Retail 121

Retail Innovation Colorado Payments 121

PYMNTS

JANUARY 24, 2020

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

Cards 130

Cards United States Payments Innovation 130

Bank Innovation

APRIL 13, 2018

Berlin-based challenger bank N26 will be opening its services to users in the United States and the United Kingdom by the end of this year, founder and chief executive officer Valentin Stalf told Reuters today.

United States 210

United States Operations Capital Online 210

PYMNTS

DECEMBER 28, 2020

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Coast Capital On The Innovations Driving CUs’ Digital-First Future.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

United States 174

United States Security Innovation Mobile 174

PYMNTS

OCTOBER 13, 2019

Brazil is now Uber’s largest market outside the United States, with São Paulo boasting more Uber rides than any other city in the world. The launch is the first for Uber in a country outside of the United States, and it will be available in six Mexican cities initially: Mexico City, Tijuana, Monterrey, Puebla, Merida and Guadalajara.

United States 137

United States America Regional Innovation 137

PYMNTS

JANUARY 12, 2021

Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. In terms of payment innovation, the company notes that real-time payments (RTP) account for over 6 percent of its volume. 12) announcement. The company says that over $18.5

Payments 182

Payments United States Software California 182

PYMNTS

SEPTEMBER 30, 2020

Amazon is expanding its operations in Singapore as it grapples with growing competition in a city that is fast becoming a hub for Chinese tech giants and others looking to expand across Asia. Asia is a source of growth for them and they need to be near where their rivals are.”.

Denver 243

Denver Dallas United States New York 243

PYMNTS

DECEMBER 18, 2019

The coffee company, which has 603 locations throughout the United States, recently revamped its rewards system, Caribou Perks, to compete against industry heavyweights. Another innovation Caribou implemented post-release was targeted recommendations. Bringing In-store Operations Up To Date.

Mobile 130

Mobile Innovation System Security 130

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. The watchdog would be known as the Digital Markets Unit. Beyond The Companies .

Regulation 352

Regulation social media Course Apple 352

PYMNTS

JANUARY 15, 2021

Founded in 1999, based in Argentina and registered in the United States, MercadoLibre is an eCommerce platform and digital payment solution that operates across Latin America. Its digital ecosystem operates as an integrated regional platform that enables businesses and individuals to trade products and services.

Regional 207

Regional America United States Operations 207

PYMNTS

MAY 28, 2020

When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and paid for goods and services — and not all small- to medium-sized businesses (SMBs) were prepared. Confronted with the option, most SMBs chose to innovate. Meanwhile, 16.9

Maine 182

Maine Data Innovation United States 182

PYMNTS

AUGUST 6, 2019

Mall of America is teaming up with University of Minnesota physicians and a Minnesota-based health care system to operate the clinic.”. But operators of some of those shopping destinations continue to wield investment power as malls undergo remakes for the 21st century. is still operating, but renovations will start later this year.

Retail 108

Retail Innovation Minnesota Los Angeles 108

PYMNTS

DECEMBER 21, 2020

These transformational shifts are, in turn, affecting how quick-service restaurants (QSRs) engage customers as the health crisis limits their in-person dining offerings and forces them to fast-track planned digital innovations. Around The Order To Eat Space.

Customer Experience 301

Customer Experience Innovation United States Survey 301

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

NOVEMBER 16, 2020

makes CVS Pharmacy the first national retailer to integrate PayPal and Venmo QR code technology in its point-of-sale experience at all standalone locations across the country," the release stated. "The partnership. Introducing more digital options, including touch-free payments at the register, is in step with changing consumer preferences.".

Payments 264

Payments United States Retail Resources 264

PYMNTS

AUGUST 3, 2017

“We’re proud of our Canadian heritage, and we want to share a piece of that in the United States,” Felipe Athayde, executive vice president of Tim Hortons U.S. We felt it was going to cause a lot of chaos from the operations side.”. We had very serious concerns,” an owner noted. “We Moving To Mobile Payments .

Innovation 101

Innovation Mobile Michigan Ohio 101

PYMNTS

OCTOBER 14, 2020

13) unveiled its iPhone 12, which as was widely expected, operates on high-speed 5G networks. Head Keith Grose and Innovate Finance CEO Charlotte Crosswell told Karen Webster as part of a recent PYMNTSTV session in partnership with London & Partners, London is still the place to be for any FinTech firm really serious about going global.

Retail 173

Retail Charlotte Apple Payments 173

PYMNTS

NOVEMBER 24, 2020

The hotel industry may be struggling in the wake of COVID-19, but a new deal by two major global operators shows there is still lots of life left in the sector. based Ennismore to create a new venture that it is already being touted as “the world’s leading lifestyle operator.”.

Branding 168

Branding United States Operations Company 168

PYMNTS

OCTOBER 28, 2020

Businesses across the United States likely knew they would be in for a long, uphill battle to stay afloat when they first began closing their doors in mid-March, but did not know just how long they would be dealing with the fallout from the COVID-19 crisis. Omicron Media On How Payments Orchestration Can Boost Operational Efficiency.

Payments 257

Payments Report Operations United States 257

PYMNTS

AUGUST 18, 2019

The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. Lacewell. “As

Bitcoin 165

Bitcoin New York United States Leadership 165

PYMNTS

JUNE 24, 2020

The United States economy is steadily reemerging from the COVID-19 pandemic-induced shutdown. Governments around the world have launched stimulus programs aimed at supporting the payrolls of businesses forced to scale back or shutter operations during the pandemic. Around The Changing Payroll Landscape. About The Tracker.

Meeting 236

Meeting Trends Cards Innovation 236

PYMNTS

JANUARY 26, 2021

Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic. Contactless payment innovation is underway at the nation’s CUs as the public shuns cash and even physical cards to lower the risks of infection. Around The Credit Union Landscape .

Tools 276

Tools Los Angeles New Jersey Trends 276