Innovation

Innovation generally refers to changing processes or creating more effective processes, products and ideas. For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services.

(source: business.gov.au)

Innovation
From Safety Monitoring to Driver Coaching, Fleet Telematics Offer ‘Eye-Opening’ Insights
October 13, 2021

A growing number of tools are available to help fleet managers monitor their drivers’ safety practices. These telematics-based systems enable managers to see in real time how vehicles are being operated and then use data-based reporting to keep track of trends over time. Get the Full Story Complete the...

Innovation
Connected Car Weekly: Automakers Ramp up Subscriptions, Payments and Repair Appointments 
October 08, 2021

It was a big week for in-car connected services subscriptions, with General Motors going all-in by forming a digital business team and announcing that growing subscription revenues will be a big part of the company’s plan to double its revenues.  Get the Full Story Complete...

Innovation
This Week In Payments: Fresh Revenue Streams, BNPL Fraud Watch and Solutions for Real Problems
October 08, 2021

One emerging retail and revenue model trend that appeared in a number of stories PYMNTS covered this week involved big companies turning to non-core businesses to scrounge up fresh revenue, such as General Motors’ decision to boost its subscription business. It’s a move that not...

Innovation
Legacy Mobile Players Pursue New Digital Chassis and Cockpit Collaborations 
October 06, 2021

Two familiar names from the mobile tech space — BlackBerry and Qualcomm — have announced further collaborations in the automotive industry.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Innovation
GM Moves to Make Connected Vehicles Perform Like Smartphones 
September 30, 2021

Beginning in 2023, select next-generation vehicles from General Motors will be able to receive over-the-air upgrades, personalization options and app selections that look and act like a smartphone.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Innovation
Czech Grocer Rohlik Bets $469M on Automation
September 23, 2021

The Czech online-only grocery delivery platform Rohlik Group plans to invest $469.3 million (or 400 million euros) in warehouse automation by the close of 2025 to improve capacity and efficiency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Innovation
Automated Merchant Underwriting Makes ISOs, PayFacs ‘Smarter and Better’
September 16, 2021

Say the word “automation,” and the mind’s eye may paint a picture of the machines taking over, displacing humans from the workforce and bringing a mindless quality to a task. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Innovation
India Buckles Down On Digital With IIM Ahmedabad, Bank Of America Collab
August 26, 2021

India is dialing up digital development with the launch of the Centre for Digital Transformation (CDT), a joint collaboration between the Indian Institute of Management Ahmedabad (IIMA) and Bank of America. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Innovation
The Week In Payments: Amazon Eyes Physical Retail, FinTech Valuations Soar, BNPL Digs In Deep
August 20, 2021

The week began with market watchers going nuts over a single unsourced report suggesting Amazon was looking to launch dozens of brick-and-mortar department stores across Ohio and California. Whether it turns out to be true or false, if nothing else the outsized reaction and subsequent...