payments innovation

Are Retailers Ready For Amazon’s Prime Time?

My plan on Friday evening was to write a hard-hitting piece on a services segment with incredible marketplace friction. Then I went...

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Partnerships / Acquisitions

Amazon: QSRs’ Big Threat Or Essential Lifeline?

The restaurant industry today is a study in contradictions. Census data tells us that roughly 44 percent of what consumers spend on...

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TSYS Buys iMobile3, Bolstering SMB Reach

Three months ago, the “build vs. buy” debate got a fair amount of digital ink in these digital pages, focused on merchant...

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Today In Data

Meeting Customers Wherever They Are (Literally)

Why deliver oneself to a store — and face the hassle of heat, crowds and parking — when the store can deliver...

Visa’s Hackathon Winner, Hermyz, Takes B2B Payments Inspiration From Slack

Visa’s latest fuel to the B2B payments innovation fire came in the form of its inaugural Small Business Hackathon earlier this year....

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Small Businesses Shun Innovation For Fear Of Debt

Small businesses (SMBs) prefer not to seek funding to finance their innovative endeavors, according to new research from BMO Wealth Management, which suggests...

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Can FinTech Walk The FinTalk?

Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the...

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How To Future-Proof A Financial Institution

As Muhammad Ali once said, “Float like a butterfly, sting like a bee.” Translated for the financial services sector, this idiom might...

EMV

More Than Half Of Cards Issued Globally Were EMV-Enabled

Data from EMVCo shows that 54.6 percent of all cards issued globally by the end of 2017 were EMV-enabled. In addition, the...

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Visa, SBA To Host Small Business FinTech Hackathon

Visa and the U.S. Small Business Administration (SBA) are hosting a small business (SMB) hackathon later this month to promote the development of...

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Stripe Rolls Out Billing Amid Subscription Business Boom

To simplify the recurring billing process for Software as a Service (SaaS) and subscription-based companies, Stripe has rolled out Billing. The service combines...

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Mastercard Talks Securing Innovation, And Innovating Security

In financial services today, security and innovation can work with each other, and against each other. FinServ cybersecurity is, of course, a...

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Canadian Firms Want Greater Supplier Payment Choice, Survey Finds

Small businesses (SMBs) in Canada want more payment options, both in how they accept payments from consumers and how they pay their...

SWIFT Reveals Success, Future Challenges Of Blockchain PoC

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity...

Security & Fraud

Why Innovation’s Fast Pace Shouldn’t Slow Down Payments

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is...

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Paying City Hall, At The Kiosk And Beyond

You can’t fight city hall, goes the saying, but there are new ways to pay city hall. News came earlier this month...

Feb. 24: The Unsung History Book Hero

Some days will always be remembered — Oct. 29, 1929, for example (a.k.a. the Wall Street Crash of 1929). Others are symbolic...

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Picking America’s Next Top FI Payments Innovator

When it comes to bank innovation, size doesn't matter: any financial institution, large or small, can be a top performer with the...

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

With the advent of emerging FinTech startups, banks face some competition for payments. When a consumer or a company wants to send...

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The Numbers Behind Payment Executives’ 2018 Forecasts

PYMNTS.com got 39 of the payments industry’s top CEOs and executives to sound off on what’s next for the year and beyond....

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Data

In The Age Of Big Data, Why Are We Still Flying Blind?

In a world where we’re bombarded daily — even hourly — by data points on everything from stock prices and market cap to...

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Why B2B Payments Innovation Is Key To China’s Global Standing

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of...

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Banking

Vocalink CEO On Making Payments Faster, Sooner

Call it agility. Or, in a more long-winded fashion, that nimbleness which brings together new and existing rails, melding legacy systems with...

The Middle Market’s Expense Management Conundrum

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because...

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When B2B Payments Innovation Is All Talk, No Action

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. A notoriously clumsy, friction-filled industry, B2B...

What Payments Innovators Can Learn From Monkeys

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What Payments Innovators Can Learn From Monkeys

About 30 days from now, most of you reading this who made a New Year’s resolution will have broken it. Don’t feel...

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Retail

Kroger’s Quiet Digital Grocery Push

The grocery realm has attracted many big headlines over the last few years — a phenomenon that went into overdrive six months ago...

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International

Payments Innovation Down Under, Organized By Tribes And Squads

Member of the tribe? Or maybe part of the squad? If both terms sound out of place in banking or payments and...

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Merchant Innovation

Mastercard’s Miebach On 2017’s Big Payments Breakthroughs

While everyone is looking ahead to 2018, it’s worth a look back at some of the major payments milestones of 2017. For...

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International

UAE Exchange CEO On FinTech Hubs And Ready Regulators

Beyond bitcoin, payments saw its share of innovation in developing markets, powered in part by financial hubs. In an interview with PYMNTS,...

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Merchant Innovation

How Will We Pay In 2018?

A wise man named Ferris once said, “Life moves pretty fast. If you don’t stop and look around once in a...

5.9K

Mouth, Meet Money In Payments Innovation

Financial institutions know they have to innovate against a hyper competitive and changing landscape. Firms large and small are eyeing opportunities to keep...

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NEW DATA: How IT Infrastructure Holds FI Payments Innovation Hostage

When IT Becomes a Drag on Innovation FIs want to innovate – 97 percent of banks and credit unions surveyed told PYMNTS...

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In Financial Services Innovation, Disruption Isn’t Everything

In payments, innovation doesn’t always have to materialize in disruptive waves, but can come, rather, through incremental evolution. In an interview with...

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Corporate Banking Readies For New Challenges From Open APIs

Open APIs are finally making their mark in the financial services space, shifting the approach to everything from product development to security....

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Payments Innovation: Beyond The ‘Wow’

What would you say if someone asked you to name the most important innovation in payments over the last five years? We...

5.3K

KeyBank Invests In Billtrust For AR Automation

KeyBank is working with accounts receivable company Billtrust to launch a new AR platform for its corporate clients. In a deal signifying...

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International

Geoswift, Western Union, UnionPay Launch Tuition Pay Promotion for Chinese Students

Geoswift, Western Union Business Solutions and UnionPay International have announced the latest joint tuition payment promotion available to Chinese students studying in...

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What Walmart Pay Knows That Apple Pay Doesn’t

A lot of exciting things have happened in payments — and commerce, more broadly — over the last three years. PayPal became pals with...

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U.S. Bank Unifies Global Commercial Card Platforms

U.S. Bank is offering a new service to corporate card managers in need over overseeing company cards around the world. Reports Monday...

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How One CEO Sees The Payments Evolution

In the last 10 to 20 years, technology has transformed the payments industry. Consumers are no longer reaching for their physical wallets...

Faster Payments

Lyft Announces Receipt Forwarding for Business Travelers

Lyft said Tuesday that it is debuting a new feature, receipt forwarding for business travelers and travel managers. The ride hailing company...

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Commuting’s a Drag, But Contactless Can Ease the Misery

Summer’s here, and the commute is likely sticky and dreary and just as long, or longer as it ever was. We waste...

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Partnerships / Acquisitions

Valitor Acquires Chip & PIN Solutions To Broaden Its Direct Merchant Services

Valitor, a Fintech payment service company announced Wednesday (July 5) the acquisition of Chip & PIN Solutions, a U.K. card-based payment provider....

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Worldpay Agrees to $9.9B Merger with Vantiv

Vantiv in, JPMorgan out. In a swift denouement to merger speculation that Worldpay, the biggest payment processing firm in the United Kingdom,...

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In FinTech Innovation, Size Isn’t Everything

Sometimes, the largest banks can be slowest to innovate, but in today’s FinTech ecosystem, FIs can’t afford to stand still. Matthew Williamson,...

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B2B Payments Surpasses B2C In Profit Potential, Experts Say

In terms of innovation and profits potential, B2B payments are surpassing those in B2C according to a new report. The report was...