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
Self-Driving Truck Hauls 40K Pounds Of Butter Across US
December 30, 2019

Silicon Valley startup Plus.ai is thought to be the first company to deploy a self-driving commercial truck to haul 40,000 pounds of butter roughly 42 hours cross-country from Tulare, California to Quakertown, Pennsylvania, ZDNet reported. The company’s Level 4 autonomous semi-tractor-trailer completed the 2,800-mile run...

Innovation
Four Payments Ideas That Had A Breakout 2019
December 27, 2019

Ignition of a new technology or idea in payments and commerce is always something of a tricky balancing act because consumers need a really good reason to change their well-entrenched habits. When they get that good reason, it doesn’t always take that long for that...

Innovation
Why Cloud Storage May Be Payments’ Stealth Game-Changer
December 20, 2019

Everyone is always looking for some secret sauce for innovation, disruption and growth. Such a thing may or may not exist — it depends on context and industry, of course — but hot cloud storage is making a play as one of the main foundations...

Innovation
Value-Added Services Hold Key To The MSP Future
December 18, 2019

What do the biggest, most successful merchant service providers (MSPs) concur is the key to their collective future? PYMNTS got that answer, among others, in our just-published The Key To Optimizing Merchant Services Report, done in collaboration with technology firm Endava.  The answer to that...

Innovation
JPMorgan Employs Machine Learning For Expense Reports
December 12, 2019

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Lori Beer, JPMorgan’s global chief information officer, said that the move has helped with efficiency. “We basically have eliminated manager approvals,” Beer...

Innovation
Nike Patents ‘CryptoKicks’ Blockchain Shoes
December 10, 2019

Nike has been awarded a patent by the U.S. Patent Office for the sneaker company’s new blockchain-compatible sneakers, which are called “CryptoKicks,” according to reports. The CryptoKicks will be attached to a system that will use blockchain to attach digital assets to the actual shoes....

Innovation
Insurance And Other Services Get Smarter Via Connected Vehicles
December 10, 2019

It’s not just cars and trucks that are undergoing historic changes thanks to digital and mobile technology, and the drive toward the connected vehicle and autonomous driving ecosystems. The whole automotive culture — and that includes payments — is transforming. Proof of that comes from...

Innovation
CRM In The 2020s
December 10, 2019

We operate more than a few high-powered, data-supported crystal balls here at PYMNTS, and one of the things we have learned about the future of payments and commerce is that personalized customer service promises to play an even bigger role in the coming decade than...

Innovation
Former FCC Chair: US Should Ease 5G Regs To Be Competitive
December 09, 2019

Building out 5G networks is imperative to the U.S., as China aggressively moves forward with rolling out the next-generation wireless technology, former Federal Communications Commission (FCC) Chairman Reed Hundt told CNBC on Monday (Dec. 9). The next-generation 5G mobile network provides accelerated data speeds to...