As merchants accelerate their digitization roadmaps, the volume of data they’re able to work with increases. But data in payment transactions provides an often-untapped opportunity for merchants to optimize their payment operations and grow their businesses, Tony Wimmer, head of data analytics for J.P. Morgan...
Whether building solutions on existing rails like ACH, or developing new infrastructure to bypass legacy tools, payment rail innovators are placing a new emphasis on data. This week’s exploration of Payment Rail Innovation finds industry players including Nacha and Boost Payment Solutions emphasizing B2B payment...
In fast-growth small businesses, the focus is on expanding the top line — not tackling the paper chase in the back office. Yet, without the resources to invest in finance teams, many firms simply maintain the status quo of unaudited spend, the end result being...
The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. 5). The NACHA Phixius platform enables connected service providers to securely exchange payment-related data. The innovative...
December 07, 2022
Technology rarely sits in the back seat, but for next-generation loyalty plans, that’s the case. While much has been made about the disruption that technology and the great digital shift have made in commerce and financial services, Mladen Vladic, general manager of loyalty services at FIS, told PYMNTS that when it comes to designing loyalty […]
October 07, 2020
As merchants accelerate their digitization roadmaps, the volume of data they’re able to work with increases. But data in payment transactions provides an often-untapped opportunity for merchants to optimize their...
February 04, 2020
Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from...
November 21, 2019
Where there are credit card transactions, there are disputes. That’s especially true of transactions that happen in a card-not-present environment (as is increasingly the case), and where fraudsters are able...
November 13, 2018
A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance. According to a survey of M&A professionals in the EMEA, conducted by Merrill Corporation, the European Union’s (EU’s) GDPR, which went into effect at the end of May, […]
October 10, 2018
Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk, the patent describes how a firm may need to...
