Innovation

Innovation in its modern meaning is "a new idea, creative thoughts, new imaginations in form of device or method". Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.

(source: en.wikipedia.org)

Visa’s PayFac Strategy Eyes Embedded Payments’ Potential in Blue and Red Oceans
Visa’s PayFac Strategy Eyes Embedded Payments’ Potential in Blue and Red Oceans
August 15, 2023  |  Payment Methods

Blue oceans and red oceans beckon for payment facilitators. As PayFacs choose where to spend their time and money, as they examine competitive landscapes, Bill Dobbins,...

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Nearly 40% of Gen Z and Millennials Would Leave Banks Lacking Innovation
Nearly 40% of Gen Z and Millennials Would Leave Banks Lacking Innovation
August 09, 2023  |  Banking

Potential customer loss could outweigh the cost of investing in payment methods that consumers demand. Payment options matter to account holders across generations, but it...

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Alternative Payment Methods Boost Conversions When Expanding Globally
Alternative Payment Methods Boost Conversions When Expanding Globally
August 09, 2023  |  Payments Innovation

Emerging from the pandemic, companies need to put payments at the center of their strategic roadmaps, according to Nuvei Chief Revenue Officer Laura Miller. For...

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Restaurant Brands International Continues Revamps as Burger King Sales Rise
Restaurant Brands International Continues Revamps as Burger King Sales Rise
August 08, 2023  |  Restaurant innovation

Burger King’s owner is undertaking “high-quality remodels” of its restaurants following a successful quarter. Speaking during an earnings call Tuesday (Aug. 8), Restaurant Brands International...

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Bank of America Says the Future of Cross-Border Payments Is Transcontinental Transparency
Bank of America Says the Future of Cross-Border Payments Is Transcontinental Transparency
August 07, 2023  |  Cross-border Payments

The promise of technical innovations to transform legacy workflows is an easy one to understand. But implementing it successfully across entrenched workflows and processes is...

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LLMs Are Taking Generative AI to a Higher Level
LLMs Are Taking Generative AI to a Higher Level
August 04, 2023  |  Artificial Intelligence

LLMs are paving the way for innovative new AI products across sectors such as healthcare, law and finance, but all this innovation comes at a...

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Merchants Accept Digital Wallets but Will Not Invest in Innovation
Merchants Accept Digital Wallets but Will Not Invest in Innovation
August 03, 2023  |  Mobile Wallets

Around the world, merchants large and small have adopted digital wallet payments, but many are now happy with the status quo and not particularly interested...

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Unlocking Healthcare’s New Digital Age Involves More Streamlined Patient Refunds Processes
Unlocking Healthcare’s New Digital Age Involves More Streamlined Patient Refunds Processes
July 28, 2023  |  Healthcare

Healthy money movement is essential to the healthcare industry. The knock-on effects of quick and seamless transactions move beyond the payment occasion to encompass the...

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Grubhub Says Subscription Commerce Is Taking Over the Restaurant Industry
Grubhub Says Subscription Commerce Is Taking Over the Restaurant Industry
July 25, 2023  |  Subscriptions

Grubhub is stepping up its subscription program as membership schemes increasingly supplement or replace points-based rewards programs for restaurant customers. In an interview with PYMNTS following...

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