If the sky’s the limit for contactless payments, which the pandemic has certainly shown, and if the technology is deployed across mobile devices … then it makes sense to move to the cloud. To that end, Mastercard said Monday (Jan. 11) that it had partnered...
Legendary mid-20th-century management consultant W. Edwards Deming once said, “Inspection to improve quality is too late, ineffective, costly. Quality comes not from inspection, but from the improvement of the production process.” Things change, but Deming’s point is relevant. It’s process inefficiency he was calling out,...
Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in...
For digital currencies, as goes China, so will go the world? China, as is well-known, is in the midst of pilot programs tied to its digital yuan — offering both roadmap and competitive blueprint, of sorts, for other nations in the midst of their own...
Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. 30). Synchrony Bank is a wholly-owned by Synchrony Financial Inc. Describing Synchrony’s application, government regulators wrote of the proposed product: “As with other...
Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. As Nick Reid, director of B2B Partner Development at Conferma Pay, told PYMNTS, though not new, STP — which routes card payments and data automatically to suppliers...
The Central Bank of Kenya (CBK) is promoting the use of cashless transactions and is asking the providers of digital financial services to work together and encourage adoption. “Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only...
When President Donald Trump signed the sweeping $900 billion pandemic relief bill into law on Sunday (Dec. 27), that put plans for stimulus payments to Americans into the headlines and onto the horizon once more. Unfortunately, the last round of relief — in which the...
We’re ticking down toward the end of a year that defies adjectives at this point. In the financial services space, there have been pandemic-fueled developments as well as dramatic business model accelerations. And as the dust settles and the 2021 predictions are rolling in, Ingo Money CEO...
