PYMNTS

OCTOBER 16, 2018

In a bid to serve customers through digital channels, quick-service restaurants (QSRs) are rolling out new innovations. Such offerings can help QSRs bring in customers: According to the PYMNTS Restaurant Readiness Index , 62 percent of consumers said the availability of digital innovations would make them more likely to visit in the future.

Innovation 183

Innovation Mobile Branding social media 183

PYMNTS

FEBRUARY 1, 2021

Online marketplaces that were once places for buyers and suppliers to discover each other — and then do business offline — will become payment-enabled, if they aren’t already. And most people and businesses were forced online. The convergence of the physical and online worlds will happen sooner. Then the pandemic struck.

US 345

US Innovation Video Maine 345

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. 15, 2008 fall of Lehman, which filed for bankruptcy that day. Auto loans have mushroomed from $773 billion in 2008 to $1.2 trillion at the peak of the financial crisis.

Lending 148

Lending Innovation Fintech Cards 148

Bank Innovation

OCTOBER 18, 2017

Founded in 2008, the Redwood City, Calif.-based In its first major fintech acquisition, JPMorgan Chase will acquire WePay, bringing its software to the small businesses the bank serves. based WePay provides payment solutions for enterprises.

Software 236

Software Fintech Technology Payments 236

PYMNTS

OCTOBER 14, 2020

Head Keith Grose and Innovate Finance CEO Charlotte Crosswell told Karen Webster as part of a recent PYMNTS TV session on London’s FinTech environment, in partnership with London & Partners, the official international trade, investment and promotion agency for London. Grose noted that Plaid entered the U.K. The New Normal.

Fintech 258

Fintech Industry Innovation Charlotte 258

PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. Not only is online fraud threat growing, but also it’s hitting merchants right where it hurts by putting a greater risk on digital transactions.

Fraud 100

Fraud Online United States Cyber Security 100

PYMNTS

JULY 18, 2019

Data is where it’s at, and more credit unions (CUs) are waking up to the fact that without sophisticated analysis of customer data, they risk being left behind as financial institutions continue to adopt innovative digital technologies to please the modern consumer. So, what else does the future — the 2020s — hold for CUs?

Innovation 124

Innovation Data Cards Maine 124

BankBazaar

JULY 31, 2023

Blast from the Past: The Birth of BankBazaar Back in 2008, the fintech revolution in India was truly revolutionised with the founding of BankBazaar by Adhil Shetty, Arjun Shetty, and Rati Shetty in the vibrant city of Chennai. Bid farewell to stacks of paperwork and lengthy verification processes!

Innovation 148

Innovation Cards Branding Tools 148

PYMNTS

MARCH 2, 2020

Museums are putting their exhibitions online for people who want to visit but are unable to currently. Educators are putting coursework online so that children quarantined at home don’t have to miss out on key aspects of their education while school is closed or students can’t get there. The last Black Swan event to hit the U.S.

Innovation 281

Innovation Online Video Maine 281

PYMNTS

OCTOBER 16, 2018

Walmart continues to forecast fairly robust online sales growth for 2019, though at a somewhat less impressive rate than expected for the current calendar year. Walmart is forecasting 35 percent online business growth for next year. And in August, the firm posted its strongest quarterly U.S. sales growth in a decade.

Innovation 128

Innovation Meeting Retail Arkansas 128

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

MARCH 31, 2020

It used to be that the 2008 financial crisis was the quintessential black swan event — a perfect storm where banks, consumers, businesses and governments scrambled to address the widening fallout of the U.S. As an example, eWallets and online marketplaces gained traction only after the swans from earlier decades in the millennium.

Payments 200

Payments Course US Examples 200

PYMNTS

JANUARY 14, 2019

That’s because they’ve trained consumers over the last half decade that walking into a store isn’t as nearly as satisfying or productive an experience as shopping online—and not necessarily from those same traditional players. population was online. That won’t be a slam-dunk for traditional retailers. The Danger in the Data .

Retail 198

Retail Online Mobile Data 198

PYMNTS

NOVEMBER 8, 2017

FIS surveyed 25 markets in which real-time payments programs are operational, rating their innovative qualities on a scale from 1 to 5. Denmark’s NETS RealTime 24/7 initiative launched in 2014 and offers near real-time settlement of transactions — including P2P, mobile, online and credit transfer payments, as well as B2B payments.

Innovation 101

Innovation Payments System Operations 101

PYMNTS

FEBRUARY 13, 2017

Things went off the rails, not surprisingly, in 2008 — courtesy of the financial crisis. More businesses opened than closed — until 2008. In the aftermath of 2008, only 20 counties — most of them rimming major cities and tech hubs — drove 50 percent of small business formation. The mix of these businesses is also very different.

Retail 134

Retail Innovation Maine Online 134

PYMNTS

JULY 31, 2020

the San Francisco-based online bank, had the last laugh. Varo Bank’s opening … represents the evolution of banking and a new generation of banks that are born from innovation and built on technology intended to empower consumers and businesses,” said Brian Brooks, OCC’s acting comptroller in a statement. “As

National 172

National Fintech San Francisco Connecticut 172

PYMNTS

DECEMBER 20, 2018

Dynamic pricing promises to keep making strides in 2019, with vendors updating their repricing software (“repricing” is another term for “dynamic pricing”), and online sellers engaging in increasingly fierce competition to win the buy box. earlier in December launched a repricing software product for Walmart online marketplace sales.

Software 157

Software Retail Analysis Online 157

PYMNTS

JUNE 22, 2017

Fighting fraud is a lot harder online, and a lot harder for merchants and consumers, as card-not-present transactions become the preferred method of malfeasance. Featurespace traces its own genesis to academia, specifically Cambridge University, where the firm was spun out back in 2008. That to me is a next area of innovation.”.

Fraud 162

Fraud Tools Cards Online 162

Bank Innovation

FEBRUARY 1, 2019

The 25% plunge -- the worst since July 2008 -- capped a tumultuous three days that shaved about €7.2 Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. billion ($8.3 […].

Fraud 150

Fraud Report Payments Company 150

Bank Innovation

OCTOBER 17, 2016

Recently a federal appeals court decided that the Consumer Finance Protection Bureau—a federal organization designed to safeguard against some of the pitfalls that led to the 2008 crisis—had been operating unconstitutionally, something which is certainly a blow to the agency itself and will no doubt have ramifications for how it Read More.

Fintech 150

Fintech Operations Compliance Online 150

PYMNTS

OCTOBER 8, 2019

initial public offering (IPO), which was poised to be the biggest IPO by a central Asian company since the 2008 global financial crisis. Kaspi.kz, which is part-owned by Baring Vostok and Goldman Sachs , offers online payments and an eCommerce marketplace accessed through an app. Kazakh FinTech group Kaspi.kz

Marketing 139

Marketing Fintech New York Maine 139

PYMNTS

DECEMBER 22, 2020

This pressure to innovate is affecting QSRs of all sizes, from independent eateries serving loyal local followings to national or even international behemoths reaching millions of customers each year. “I I don’t see that slowing down.” .

Customer Experience 162

Customer Experience Tools New York Strategy 162

PYMNTS

SEPTEMBER 3, 2019

They may never have made a purchase on the online marketplace, but the odds are good they know at least one good story about something bought it on eBay story. The site’s best-known innovation to first draw customers in was its auction format — that allowed consumers to bid on items and “win” the ability to purchase them for their bid price.

San Jose 203

San Jose Online Illinois Payments 203

Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. The role of Alex Jimenez, senior vice president and director of digital and payments innovation at the $7.2

Innovation 70

Innovation Community Bank social media Community 70

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

CB Insights

JULY 19, 2017

Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: HP Labs.

Innovation 74

Innovation San Francisco Technology Mobile 74

PYMNTS

OCTOBER 16, 2020

Stripe is buying Paystack, a firm that says it processes over half the online payments in Nigeria. Freelancers, gig workers and young professionals are among its clients in addition to startup workers and recent graduates. Stripe To Acquire African Payments Processor Paystack. Tide Collaborates With GoCardless For SMB Invoice Payments.

Millennials 131

Millennials Payments Cards Fintech 131

PYMNTS

NOVEMBER 26, 2020

A Banner Year For Buying A Turkey, Especially Online . Consumers are also increasingly pushing their thanksgiving shopping online, as COVID-19 case counts continue to rise. Consumers hit hard by the severe economic consequences of the Covid-19 pandemic have gotten some good news in terms of their Thanksgiving dinner shopping.

National 267

National Online Meeting Report 267

PYMNTS

JUNE 8, 2017

RO: ItsOn was founded in 2008 by wireless and internet industry pioneers Greg Raleigh and Charlie Giancarlo with the goal to make customers love their wireless carriers again. This young demographic has one of the highest penetration rates of smartphones and online platforms in the world. This was totally new in the market.

Data 143

Data Raleigh Mobile social media 143

PYMNTS

JUNE 2, 2020

Just under nine million Americans lost their jobs during the Great Recession of 2008, and it took about two years for all of those firings and layoffs to be finished. The COVID-19 pandemic has been a catalyst for small firms’ innovation, with 71.7 Contrast that with roughly 40 million who have lost jobs in the first months of 2020.

Maine 131

Maine Survey Comparison Operations 131

PYMNTS

APRIL 2, 2020

The high-speed rail infrastructure present in China, combined with the eCommerce infrastructure built by players like Alibaba, have rapidly made online grocery delivery the fastest, cheapest and easiest option for Chinese consumers – and Wang expects that new commerce habit will stick.

Examples 217

Examples Online Regional National 217

PYMNTS

JUNE 8, 2018

trillion in online sales — about 235 percent more than B2C’s current sales volume. That’s moving online, and the way in which businesses pay and interact with each other is moving online.” Tomich likened the solution to Bill Me Later, which was acquired by PayPal in 2008 and relaunched as PayPal Credit.

Online 137

Online Payments Cards Marketing 137

CB Insights

SEPTEMBER 26, 2018

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

Innovation 73

Innovation New York Cleveland New York City 73

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The online marketplace lending sphere has, as a result, propelled competition between players and promoted innovation to address SMBs’ particular financing needs.

Lending 130

Lending Regulation Capital Industry 130

PYMNTS

JULY 3, 2018

With the completion of the deal, PayPal said it and Synchrony have extended their co-branded consumer credit card program agreement to make Synchrony the exclusive issuer of PayPal’s consumer financing program online in the U.S. eBay has been offering PayPal Credit to its buyers since 2008. through 2028.

Leadership 101

Leadership Cards Branding Customer Experience 101

PYMNTS

MAY 1, 2020

Debit has been riding a wave of popularity for years as credit-averse millennials and their cohorts became big spenders, but didn’t want to end up like their overextended parents did in 2008. There is a balance, and the good news is that pandemic-induced distance banking has made FIs smarter about it. Debit’s Destiny.

Guidelines 131

Guidelines Digital Banking Millennials Online 131

PYMNTS

SEPTEMBER 3, 2018

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. The agreement … sets out a process to share and use information on innovation in their respective markets.”.

Fintech 111

Fintech Trends Innovation Groups 111