There is no shortage of bold claims on offer in payments and commerce. The last big news was that Facebook is building its own payments rails with Project Libra (a little bit of payments history repeating for longtime watchers). But apart from the underlined-in-bold events,...
Instant payments are catching on with workers and business owners as traditional practices become retired. In technology, financial institutions (FIs) and corporates are tapping into application program interfaces (APIs) to keep pace with rapid-fire business-to-business (B2B) payments. And, in retail, 7-Eleven is experimenting with beer...
The flow of money and data across borders is developing a new ecosystem in which payments data has as much value as the funds themselves. In business-to-business (B2B) payments, application service provider Brandwise has tapped Fundbox to help provide net terms for suppliers, buying agents and retailers. And, in...
Innovation for accounts payable is often an afterthought, but automated solutions can efficiently onboard customers, cut back on errors and eliminate paper-based invoicing systems. In technology, Visa has been investing in artificial intelligence (AI) as well as data, and Apple beat analysts’ estimates for the...
Credit unions (CUs) are teaming up with other firms to stay competitive in the financial space. In Europe, strong customer identification (SCA) guidelines will shift checkout flows for transactions. And in retail developments, smart vending machines have the power to change the way consumers shop,...
Platforms see payments as key to their growth objectives, but their capabilities in this field may be too inefficient to support their ambitious plans. On another note, many Americans are not receiving a basic financial education. In retail, Kids on 45th raised funding for its children’s clothing style box platform, while brands are actively designing and...
Mastication’s gone mobile, with bits and bytes taking their place alongside actual bites. As shown in the latest Mobile Order-Ahead Tracker, a collaboration between PYMNTS and Kount, the numbers are big and getting bigger, measured in the billions of dollars and millions of app downloads....
In the age of commerce that is always on, across borders and across currencies, in an age where the side hustle has now become the gig economy, payments are getting flexible and faster. The two-week paycheck may become, eventually, an anachronism. Any number of platforms...
The old guard gives way to the new. The in-branch banking visits give way to mobile transactions, where people may never meet face-to-face. The fact remains that in banking – especially among credit unions – innovation in terms of new services and products remains essential....
