Digital innovation is coming to corners of the economy that need it but haven’t necessarily taken those steps yet. That fact is creating a new sense of urgency around digitizing business processes across the spectrum of industry verticals. We analyze this in the study “Digital...
With paper check fraud reportedly doubling in 2022, the need for digital disbursement options has never been more urgent — or more desired by consumers, many of whom in key demographic groups like Gen Z have never even possessed a paper checkbook. Because of their historic ubiquity,...
Six in 10 consumers use stored payment credentials for subscription payments and shopping online. Even though some consumers painstakingly enter their payment information every time they submit a payment, there is a clear need for the convenience a payment credentials vault would offer. More than...
The next installment in PYMNTS’ generational mini-series takes a deep dive into Generation Z’s digital habits and behavior. Born between 1997 and 2012, Gen Z is the youngest generation that includes adult members and, for that reason, the youngest age cohort PYMNTS regularly studies. (PYMNTS’...
J.P. Morgan Payments says it has begun offering real time liquidity sweeping solutions. According to an announcement provided to PYMNTS Tuesday (March 21), this enhancement to the company’s payments platform lets clients fund real-time payments with their existing liquidity seven days a week, thus making sure...
Subscription businesses overlook the significant negative impact of failed payments on bottom lines. While many companies focus on customer churn, just a small share recognize failed payments as the cause. But providers need to understand how failed payments can ruin the customer experience. Our data...
Three years ago, we got a sense of how governments could leverage technology in times of crisis — using digital pipes to get aid to people who needed stimulus payments and assistance the most. As the pandemic hit home across the globe, government agencies disbursed...
Businesses learned two critical lessons from the pandemic-related supply chain disruptions: First, they need tighter control of key payment processes, particularly procurement, to ride out the next economic disruption, and second, digital technology is necessary to achieve and sustain this control. Businesses across the board...
J.P. Morgan has assisted Volvo’s entry into the Indian electric vehicle market. The Swedish luxury carmaker’s XC40 Recharge is an exclusive direct-to-consumer (D2C) model powered by J.P. Morgan’s online payment gateway, the banking giant said in a news release Wednesday (March 8). “Fully integrated into...