PYMNTS

MAY 22, 2020

That’s a wholesale shift that moves beyond prior efforts by corporates large and small to digitize day-to-day operations. In some cases, they’ve been converting paper documents into data, taking analog transactions into online banking or establishing host-to-host ERPs. The Journey. The statistics show the magnitude of the shift.

Operations 233

Operations Data Digital Banking Management 233

PYMNTS

AUGUST 28, 2019

Beyond the confines of Europe, Cryptix , a blockchain service provider based in Zug, Switzerland, has said that it acquired Blocktrade, which operates as a digital asset exchange platform. Blocktrade, according to a release, has a European license in place to trade with tokens and digital coins.

Fintech 172

Fintech Analysis Guidelines Data 172

PYMNTS

DECEMBER 8, 2020

That’s key, because while Walmart’s 2,500-store Mexican footprint marks the chain’s largest international market, the unit’s online sales account for less than 5 percent of total revenue there. percent charged by money-transfer operations and mobile operators, respectively. The remaining revenue comes from in-store purchases.

United States 174

United States America Guidelines Digital Strategies 174

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

APRIL 16, 2019

Walmart CEO Doug McMillon went on a two-day trip to Bangalore, India and said his company is committed to the Indian market, and that the country presents a huge opportunity, according to reports. He said Walmart operates throughout multiple countries and that it complies with laws pertaining to those specific markets.

Marketing 156

Marketing Leadership Meeting Regulation 156

PYMNTS

JULY 18, 2017

A new report from UPS suggests SMEs in Latin America are well-positioned to expand their global trading operations, with importers looking overseas for new corporate suppliers. Comprising more than 90 percent of the region’s companies, Latin American SMEs could serve as a significant opportunity for suppliers across borders.

America 108

America Regional Report Industry 108

PYMNTS

MARCH 26, 2019

The high usage of voice – which is one of the fastest-growing adopted consumer technologies – “presented a tremendous opportunity” for ordering at restaurants due to “the speed and convenience voice allows to the consumer,” Sandler told PYMNTS in an interview.

Technology 121

Technology Maine Study Google 121

PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. Keeping everything safe when operating globally is challenging because there’s no one-size-fits-all profile for a risky transaction or suspicious company, however.

Fraud 150

Fraud Payments Guidelines Regulation 150

South State Correspondent

JANUARY 4, 2023

For any banker looking for clarity, we present five New Year’s resolutions, no matter your size, that provide a roadmap to accomplish both the short and long-term objectives of a top-performing bank. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Why “Growth” is Not on The List.

Community Bank 195

Community Bank Capital Lending Training 195

PYMNTS

MAY 21, 2020

As PYMNTS found in a study published earlier this month, 42 percent of consumers are engaging in even the most routine activities online, and as much as $158 billion in brick-and-mortar sales are moving to digital channels. It’s no longer just a matter of, ‘can I take a credit card online?’” said Benson.

Payments 256

Payments Cards Online Apple 256

PYMNTS

JULY 21, 2017

Fraud varies country to country, region to region. As has been widely noted, the region has paved the way for the adoption of EMV, and its embrace by merchants in the EU, mandated though it has been, has steered hackers and criminals to online methods of siphoning funds from consumers and cheating companies.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

NOVEMBER 14, 2018

From retail apps to eCommerce sites, consumers have a myriad of options when it comes to buying online. While these options are imperative for offering convenience and choice to consumers, they also put merchants in direct competition with not only other businesses in their area, but with online sellers around the world.

Online 116

Online Mobile Payments Strategy 116

PYMNTS

SEPTEMBER 18, 2019

The tailwinds are there, he said, stemming from the growth of the gig economy, the globalization of commerce and the desire for end-users to experience as little friction as possible when it comes to transacting, and living life, online. The challenge of establishing online identities is not confined to individuals, of course, said Ufford.

How To 158

How To Regional Data Cards 158

PYMNTS

JANUARY 16, 2019

Instead, focusing on adjusting geographic coverage of trade finance operations, and introducing new technologies like digital ledgers for trading customers, will become the priority. A new report from the Trade Advisory Network warned that it’s not just traditional FIs that could pull back from the trade finance space.

Survey 137

Survey Operations Technology Regional 137

PYMNTS

MARCH 21, 2019

That’s the easy part, the stuff of daydreams, scribbles, memos, charts and PowerPoint presentations. The adoption of digital technology that enables faster payments can open up room for B2B operators to offer, say, more discounts or financing options, which in turn lead to more market share. FinTech Partnerships.

Innovation 178

Innovation Fintech Video Payments 178

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100

America Payments Fraud Case Study 100

PYMNTS

FEBRUARY 7, 2018

When a customer reaches the checkout counter, he or she presents their phone and the coupons are automatically added to the order. Like AmazonFresh customers, Walmart grocery shoppers can order online or by app and can opt to pick up their orders from a kiosk when it’s convenient — even in the middle of the night.

Texas 116

Texas San Antonio Oklahoma City Oklahoma 116

PYMNTS

OCTOBER 21, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready by that date. He says more than one-third of merchants’ online payments could fail due to lack of compliance. 14, 2019 deadline.

Strategy 100

Strategy Compliance Fraud Payments 100

Accenture

JUNE 20, 2019

And nearly 80 percent of bank operations leaders say their organization’s existence could be threatened without flexible technology for rapid innovation. Consider this: CFOs of a regional health system and a global retailer use the same tool, even though their cash management needs could not be more different. From answers to advice.

Survey 150

Survey Customer Experience Payments Management 150

PYMNTS

MARCH 9, 2020

The model for the DineVite online and mobile app is actually similar to social media. The process is behind an app subscription wall so restaurants don’t have to worry about tarnishing an upscale reputation and diners don’t to present a coupon at checkout. The operative word is control. “I

Miami 130

Miami Los Angeles Austin South Carolina 130

PYMNTS

JULY 27, 2020

Negotiations between Facebook and regulators seem to have stalled on the question of whether or not Facebook actually needs a license to operate in Brazil. The changes that are happening in Brazil and across the region, he noted, aren’t exactly new. There are more opportunities for eCommerce and more online payments.

Mobile 153

Mobile America Regulation Regional 153

PYMNTS

JANUARY 25, 2017

Will 2016 once again present an explosion in alt-lending transaction value? The past year has seen significant changes in regulatory policy, as well as several market and firm-specific events relevant to the online alternative finance industry,” he said in a statement. billion recorded in 2014. credit assessment, due diligence, etc.),

America 100

America Lending Regulation Regional 100

Abrigo

OCTOBER 21, 2019

You can’t ignore an entire group, said Jill Hudson, Vice President of Loan Operations at Vision Bank, another panelist at the ThinkBIG conference. More than likely, your bank has a mix of borrowers: some might prefer to do everything online, while another share of customers prefers traditional banking.

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

PYMNTS

DECEMBER 23, 2020

One recent report found that 57 million freelancers are expected to operate in the U.S. The freelance market is also expanding in Europe, with one study indicating that gig economy workers conduct approximately 20 percent to 30 percent of all jobs in the region.

Payments 270

Payments Study Examples Report 270

Gonzobanker

FEBRUARY 8, 2022

Maybe that’s why the special FinXTech presentations running alongside more traditional financial, legal, and risk sessions were jam packed with executives furiously scribbling notes. Imagine how non-traditional it must feel at Larry Mazza’s MVB Financial talking about banking services to the online gaming industry. price/book multiple.

Fintech 165

Fintech Customer Experience Conference Technology 165

PYMNTS

JANUARY 23, 2020

This week, global luxury brands have seen their stock prices take a sharp hit as reports emerge that a coronavirus with origins in China’s Wuhan region is spreading rapidly and has made its first appearance on U.S. That acquisition made PayPal the first foreign online-only payments processor to operate in China.

Cards 130

Cards Payments Branding ATM 130

PYMNTS

APRIL 30, 2019

PSD2 will change – indeed is changing – online commerce in Europe and beyond. Some verticals, such as online travel companies, will be impacted more visibly, and perhaps earlier, than other niches, he said. According to Eleveld, the supposition is that, at least for online travel customers, they will pay less. a fingerprint).

Fraud 171

Fraud Online Cards Payments 171

PYMNTS

OCTOBER 11, 2019

Recipients know that the funds are moving through the network and are in what he termed a “guaranteed state” long before they get to their end destination — and that knowledge allows institutions and businesses to operate efficiently from a cash flow perspective, said Frere. Expanding the Use Cases. “We

Cards 134

Cards Payments Regional Operations 134

PYMNTS

SEPTEMBER 22, 2017

Ridesharing giant Uber expanded the company’s online food ordering and delivery service, UberEATS, into the region. Meanwhile, consumers in Bengaluru, India, now have a new food delivery option from a company that knows a little bit about on-demand consumerism.

Mobile 129

Mobile Report New York California 129

PYMNTS

MARCH 29, 2018

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. While some countries are struggling more than others, Emailage found that every region is facing new challenges in the wake of EMV going online. ModoPayments. Chargehound.

cryptocurrency 109

cryptocurrency Regional Bitcoin Cards 109

FICO

OCTOBER 30, 2017

Depending on factors including region, a bank’s risk appetite, product, channels, target market, maturity of fraud control measures, and portfolio size, first-party fraud comprises between 10-35% of bad debt. Identity theft, also known as third-party fraud losses, is just the tip of the iceberg.

Fraud 72

Fraud Regional US Cards 72

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Most Latin American card networks rely on chip and PIN fraud detection technology.

Fraud 52

Fraud Cards Analytics System 52

PYMNTS

DECEMBER 3, 2018

Javier Santamaria, chair of the EPC , provided an update to PYMNTS on the challenges both faced and still present — and what lies ahead. Firms must redefine their processing and operations; they need to invest heavily in IT projects, Santamaria noted. 21 of 2017. It’s an integration that is not backward-looking, but forward-looking.”.

Payments 155

Payments National System Regional 155

PYMNTS

JULY 19, 2018

Various types of consumers desire different ways to pay — the differences stemming from technological realities and cultural habits — and that has resulted in some 300 “significant” forms of local payment options operating around the world. ” Payment Platforms. ” Payment Platforms.

Payments 103

Payments San Francisco Analysis Innovation 103

Tomorrow's Transactions

AUGUST 21, 2016

Operators are migrating from a world where customers have to exchange real money into transit money before they can ride on a bus or a subway, to a world where you simply tap your bank issued contactless credit or debit card on the transit reader. However, this ‘online-only’ option is not suitable for transit operators.

Operations 30

Operations Cards US Payments 30

PYMNTS

JANUARY 3, 2020

The move follows Hong Kong’s early 2019 decision to issue digital banking licenses as the two economies are strong competitors in the region. There are some 630 million residents in that region. Insignia Ventures Partners; and Carro, an online car marketplace.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

JANUARY 18, 2017

This can become increasingly difficult in emerging markets, where Kunal Patel, global head of product strategy and mobile payments at GoSwiff , explained that merchants are focused on operating in cash-driven economies. We’re seeing that in the regions that we play in. KP: In the markets we operate in, we are seeing good traction.

Marketing 100

Marketing Regional Mobile Regulation 100