When it comes to innovation in payments, there’s no more exciting time than right now. Historically, the U.S. businesses heavily relied on checks, Automated Clearing House (ACH) and wires to make payments. However, this changed significantly in 2015 when the Federal Reserve issued a white...
Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics. Among the overarching trends dominating the last year of payments innovations — and the innovations that will be hallmarks of 2024 — are generational ones,...
The borders delineating digital technologies and payments are becoming increasingly blurred. And that’s a good thing. “We see payments moving up the funnel,” Rachel Moore, senior vice president and head of incubation at Synchrony, told PYMNTS as part of the “What’s Next in Payments series:...
The innovations shaping the payments industry are moving in real time. And increasingly so, too, is money itself. “What we’re seeing from a product perspective is a lot of focus on faster payments,” Keith Vander Leest, head of payments at Cross River, told PYMNTS as part of...
It’s easier than ever to buy online, offline, to pick up in store or have things delivered. It’s easier than ever to check out, using all manner of payment options, from Apple Pay to Tap to Pay, Scan and Go and everything in between. But...
Discover Global Network, the payments brand of Discover, has launched its new cloud-based network tokenization platform. This platform aims to offer companies a scalable and flexible token solution to enhance the security and efficiency of their payment processes, the company said in a Thursday (Oct. 12) press release....
The way money moves is evolving at a rapid and exciting clip. Fueling its rocket-ship acceleration are the twin engines of behavioral expectations grounded in digital convenience, and an increasing boom in the technical infrastructure capable of supporting the realities of those growing expectations. “I...
In today’s digital age, money talks in bytes, not bills. And PYMNTS has been closely tracking the “What’s Next” in digital payment trends as money movement increasingly evolves from greenbacks to screen taps. That’s because traditional and legacy payment systems are primed for an upgrade...
Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS in an interview that in the age of digital commerce, dynamic routing can be key to customers’ loyalty to merchants. And to get there, it helps to differentiate payments orchestration from payments optimization....