Innovation, particularly within financial services and payments, tends to be centered around speed, cost efficiency and transparency. However, many financial institutions (FIs) with incumbent infrastructure seem to take the view that those innovation benefits quickly turn into new costs when they consider moving away from...
B2B payments are famously, even infamously, complex. They entail multiple parties and high transaction volumes, all frequently moved across legacy systems that often necessitate the manual reconciliation of invoice details, payment terms, vendor information and more. Unlike consumer payments, commercial transactions are more about the...
The software publishing industry is undergoing significant changes as key players seek to enhance customer engagement and tap new revenue streams through the embedded finance ecosystem. This ecosystem includes payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces, all of which are increasingly rolling out innovations...
Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR, which owns 55% of the business. “As an independent company, Worldpay is committed to bringing greater levels of value, innovation...
February 15, 2024
The software publishing industry is undergoing significant changes as key players seek to enhance customer engagement and tap new revenue streams through the embedded finance ecosystem. This ecosystem includes payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces, all of which are increasingly rolling out innovations to maintain their competitive edge. These developments are reshaping the […]
December 11, 2023
Blake Whitson, vice president, payments and global customer support at Brainly, and Andy McHale, senior director, product and market strategy at Spreedly, told PYMNTS that payments orchestration can make all...
October 25, 2023
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...
October 23, 2023
Various industries are looking into artificial intelligence (AI) and the labor and cost-saving efficiencies it promises. When it comes to leveraging the technology’s novel capabilities for enhancing payments, the question...
April 15, 2024
The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the use of stablecoins for retail payments, “we are increasingly complementing that work with a focus on how we can best support innovation both in wholesale […]
February 01, 2024
Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR, which owns 55% of the...
November 27, 2023
Cryptocurrency payment technology company ivendPay has unveiled a crypto payment system enabled by near-field communication (NFC). By integrating NFC technology with cryptocurrency payments, ivendPay has made the payment process as seamless...
October 30, 2023
ACI Worldwide has appointed Abe Kuruvilla, formerly chief information officer at CoreLogic, as its new chief technology officer (CTO). Kuruvilla’s role will involve leading ACI’s innovation agenda and optimizing the development and delivery...
