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
Monopoly Goes Cashless And Board Games Gain Popularity
July 13, 2019

In this age of live multi-player online gaming, and virtual reality, and all things digital, it can be easy to think of board games as an artifact of the analog world. No doubt many households have a collection of board games in the closet or...

Innovation
Retail’s Innovation Race Pits Products vs. Services
July 11, 2019

Innovation takes many flavors and paths, and that’s especially true when it comes to merchants who sell retail products and companies that sell retail services. And payments plays a big role in all those efforts — even though many companies don’t yet to seem to...

Innovation
Amazon Wants Satellites To Provide Broadband In Remote Areas
July 05, 2019

To provide broadband to tens of millions of users who don’t currently have adequate internet access, Amazon wants permission from the U.S. to launch 3,236 communications satellites, per a Thursday (July 4) Federal Communications Commission (FCC) filing. The agency organizes radio frequency use as well...

Innovation
Summer Reading: Looking Back And Forward In Payments, Through The Decades
July 05, 2019

Garbage in, garbage out, goes the old saying. Summer reading of the tawdry kind may beckon. Beach reads. On your tablet or smartphone, you may wish to keep up with the keeping up of Kardashians. You may be fixated on the zombies, the binge watching...

Innovation
Why Drive, Not Size, Is Key To FI Innovation
July 01, 2019

Smaller banks and credit unions enjoy a reputation of offering more personalized services than large financial institutions (FIs). When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. This is changing — in...

Innovation
eCommerce … The 1950s Way
June 29, 2019

Despite the fact that eCommerce has become a way of life in the last two decades, it is harder than it might seem to choose a birthdate for the shopping method that has defined 21st-century retail and payments. One could, for example, choose July 5, 1994,...

Innovation
Alphabet-Owned Drone Co Fuels Expansion With Hiring
June 28, 2019

Alphabet-owned drone company Wing is looking to hire at least 24 people to expand the company in an increasingly competitive field, according to a report by CNBC.   Wing wants to expand its delivery service in the United States and other countries as well. The company...

Innovation
Innovative Approaches To The $4.2T Health And Wellness Market
June 22, 2019

It seems every firm is trying to find a way into the expansive — and ever-growing — “health and wellness” market. As of 2018 health and wellness was a $4.2 trillion annual industry, having grown 12.8 percent between 2015 and 2017, according to the Global...

Innovation
More Retailers Are Checking Into Hotels In Search Of Innovation
June 21, 2019

Part of the future of retail is playing out inside hotels — and that’s happening as the wider part of the travel-and-tourism industry is undergoing its own significant disruption. One of the latest — and perhaps wildest — examples of the hotel-retail trend comes from...