Payments Innovation

Payments Innovation
NEW REPORT: FinTechs Win When Money-In, Money-Out Systems Are Synced
June 10, 2022

Financial institutions (FIs) and FinTechs seeking to deliver optimal payments and disbursement experiences require a powerful tech stack that includes compliance, transaction management and robust scalability. For many of these organizations, creating a tech stack capable of managing growth, compliance and the seamless “any-to-any” payment...

Payments Innovation
NEW REPORT: Why Two-Thirds of US Businesses Resist Real-Time Payments Adoption
June 09, 2022

Real-time payments have become one of the key tools that United States businesses have at their disposal to keep their business-to-business (B2B) operations running smoothly. Not only do 22% of them report benefiting from the instant funds availability that real-time payments provide, but many also...

Payments Innovation
The Data Point: 42% of FIs Say Cross-Border B2B Transactions Suffer From Lack of Supplier...
June 08, 2022

Neither the pandemic nor economic cooling is stopping the progress of cross-border trade, but companies doing business internationally know their payments tech needs attention. Needing B2B payments, cash management and invoice reconciliation simplified and made more manageable, mid-market and enterprise companies continue seeking ways to...

Payments Innovation
C-Stores Step Up Self-Service Offerings With AI-Powered Tech
June 06, 2022

For convenience stores to make good on their promise to consumers, they must offer not only a comprehensive range of essential products but also a quick and seamless retail journey. Noting this need, global convenience store giant Couche-Tard announced last week that it is implementing...

Payments Innovation
Open Banking to Play Key Role in Accelerating Invisible Payments Trend
June 01, 2022

In today’s world where consumers are more and more inclined toward convenience, the arrival of new payment methods has lifted the bar higher in terms of consumer expectations for instant, frictionless and secure payment experiences. According to a research study conducted by U.K.-based open banking...

Payments Innovation
How ‘Super FinTechs’ Enable Go Anywhere Banking Services
May 31, 2022

In much the same way that a myriad of standalone apps are now converging into “super apps,” the emerging “super FinTech” model is powering new payment experiences leveraging digital trust for banks, nonbanks, FinTechs, moving the connected economy ahead in the process. Before diving in...

Payments Innovation
This Week in Payments: Developers, Banks, Businesses Pursue Embedded Payments Innovations
May 20, 2022

It was a big week for embedded payments innovations, with a developer in the space achieving unicorn status, banks identifying them as urgent priority in new research and businesses increasingly adopting them as part of their digitization efforts. Airbase Founder and CEO Thejo Kote joined PYMNTS to discuss...

Payments Innovation
The Data Point: 92% of FIs Embrace Embedded Finance to Boost Customer Experience
May 20, 2022

Payments modernization remains the order of the day in 2022 as companies of all sizes decide how to proceed with implementing solutions to reduce friction in B2B payments. Financial institutions (FIs) small and large rely on automated account validation and digital lockboxes but realize that...

Payments Innovation
Usage-Based Pricing Solves Billing Pains, Streamlines Payments for SaaS Firms
May 13, 2022

The global market for Software-as-a-Service (SaaS) has exploded in recent years, with forecasts estimating that this segment will reach $716 billion by 2028. According to Griff Parry, co-founder and CEO at U.K. FinTech firm m3ter, most of these SaaS businesses are deploying subscription-based pricing and...