PYMNTS

JULY 8, 2019

These days, no matter how creative, innovative and disruptive an idea a financial services player may have, the reality is they don’t have a lot of time to sit around developing it. It was a solution designed, according to DeRosa, for companies with innovative roadmaps that need fast, flexible support.

Innovation 212

Innovation Cards Data Analytics 212

Perficient

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes. The evolution of electronic trading provides a valuable case study to consider.

Regulation 221

Regulation Risk Management Compliance Fraud 221

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. ” Like consumers, small and medium-sized businesses (SMBs) and corporates present a strong market for financial management apps.

Innovation 208

Innovation Data Fintech Lending 208

PYMNTS

NOVEMBER 8, 2018

In a bid to increase loyalty, merchants are driving innovations in their stores. The clothing retailer is hardly alone, as 85 percent of merchants say that they innovate to stay competitive, according to the PYMNTS Retail Innovation Readiness Index , while 77 percent say they use it to drive sales.

Innovation 178

Innovation Las Vegas Payments Fort Worth 178

PYMNTS

SEPTEMBER 22, 2020

Bank Instant Card, in order to boost expense management for corporates, according to a press release. Tory Passons, vice president of Commercial Card at U.S. Bank, said clients will be able to send virtual cards to an employee or contractor, setting spending limits or expiration dates where needed.

Management 175

Management Cards Mobile Analytics 175

PYMNTS

JUNE 20, 2019

Roughly one-third (35 percent) have made data analytics investments over the past three years, according to the Credit Union Innovation Playbook. Data analytics can provide customer insights. Also, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not.

Innovation 100

Innovation Cards Analytics Video 100

PYMNTS

JUNE 15, 2017

There’s no disputing that the pace of innovation in consumer payments over the last several years has been quick and its reach broad. There’s been an abundance of innovation in where consumers shop, what they use to pay when they buy and the devices they use to enable those payments.

Innovation 161

Innovation Payments Cards Customer Experience 161

PYMNTS

MAY 20, 2020

With corporate card products offering an opportunity for businesses to manage their working capital, service providers have explored new opportunities to promote adoption of the payment tool. Some FinTechs are targeting small businesses directly with technology to ease card payment and acceptance capabilities.

Capital 172

Capital Cards Fintech Management 172

Perficient

SEPTEMBER 15, 2020

Savvy healthcare innovators leverage the power of consumerization by first observing what works in domains outside of their own, and then adapting those successes to address their own challenges. What might you learn from studying emerging innovations used by virtual personal trainers, e-learning platforms, or even credit card companies?

User Experience 427

User Experience Innovation Branding Customer Experience 427

PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

Cards 150

Cards System Innovation Analytics 150

PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. Visa Fuels Supplier Card Acceptance.

Cards 156

Cards Analytics Payments Management 156

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. There are two key aspects to the firm’s effort in reducing virtual card acceptance friction.

Cards 162

Cards Payments Tools Analytics 162

PYMNTS

FEBRUARY 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Below, PYMNTS takes a look at the latest in commercial card innovation.

Cards 150

Cards Google Fraud Management 150

PYMNTS

OCTOBER 16, 2018

16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The change occurred in June, when 51 percent of in-store card transactions were contactless. Worldpay, the payment technology company, announced Tuesday (Oct.

Cards 184

Cards Payments Tools Retail 184

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

PYMNTS

JUNE 26, 2019

Given the average credit union’s focus on member experience, a big focus on security and smooth transactions as innovative priorities is no surprise. What is surprising, however, is how relatively anemic a showing data analytics makes in terms of executive enthusiasm, with just over a third (35.7 Where Analytics Are Working.

Analytics 118

Analytics Data Tools Fraud 118

PYMNTS

JULY 2, 2020

Although CU members want innovation in member loyalty and rewards, most credit unions are not delivering these programs up to the desired standards. Credit union members’ high expectations when it comes to loyalty innovation do not necessarily make or break their banking relationships. Loyalty Innovation Strategies .

Innovation 155

Innovation Branding Tools Innovation Strategies 155

PYMNTS

DECEMBER 28, 2018

This strategic acquisition allows Visa to offer a more comprehensive business solution to our corporate clients that is innovative, global, highly configurable and intuitive for their employees.”. Square Links Up With Handshake. “Square and Handshake share a common viewpoint on the importance of both in-person and online payments.

Innovation 184

Innovation Fintech Payments Management 184

PYMNTS

SEPTEMBER 19, 2019

A majority (55 percent) of corporate professionals identified real-time payments as their top B2B payment service priority, according to the Real-Time Payments Innovation Playbook. With innovation comes new challenges. The real estate market also recently saw innovations. Security vs. Friction. B2B Payments Across Industries.

Innovation 134

Innovation Payments Phoenix Security 134

PYMNTS

APRIL 2, 2019

Good and accommodation merchants are not alone in pursuing innovations to keep competitive. Many merchants across all studied markets pursue innovation to remain competitive. Different merchant types placed higher emphasis on other innovations. Accommodation merchants perform like those from health and beauty. and the 31.4

Innovation 144

Innovation System Analytics Study 144

PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Cards 133

Cards Innovation Data Payments 133

PYMNTS

DECEMBER 20, 2018

Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce. “The workforce is evolving,” Jamison told PYMNTS.

Cards 142

Cards Management Trends Innovation 142

Perficient

APRIL 4, 2022

While mobile has long been a part of the carrier offering – pay a bill, get an ID card, file a claim – this survey reflects the evolution of insurers from transactional into personalized servicing. 1) Know Me – Data & Analytics Relevant to the Customer. 2) Learn About Me – Preferences and Interactions.

Mobile 294

Mobile Survey User Experience Analytics 294

Perficient

JULY 27, 2020

If you’re noticing new customers requesting accounts within your business, or new users on your site, you should look at your commerce site analytics and see what these customer demographics look like. Are you currently able to accept credit cards?

Analytics 332

Analytics Technology Strategy Taxes 332

Bank Innovation

JUNE 19, 2017

Allowing customers the ability to analyze their spending on mobile, within a specific range of dates, does not sound like the height of fintech innovation—so why is Citi the only major U.S. credit card issuer to do so?

Cards 230

Cards Mobile Innovation Fintech 230

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Denise Stevens , senior vice president and chief product officer at PSCU , said contextual offers and predictive analytics will help CUs compete more effectively with larger, traditional financial institutions (FIs) — and cement member loyalty. Data Analytics.

Analytics 240

Analytics Fraud Trends Mobile 240

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. Credit Cards. Investment Trends. Among the most significant findings?

Innovation 124

Innovation Data Cards Maine 124

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service. Leavitt explained.

Cards 134

Cards Payments Analytics Data 134

PYMNTS

JANUARY 26, 2021

Los Angeles-based immigrant-focused technology solution provider Welcome Technologies has announced that it has selected PSCU to provide processing and support services for its first credit card offering. For more on these and other stories, check out the Trackers News & Trends section. To get the full story, download the Tracker.

Tools 276

Tools Los Angeles New Jersey Trends 276

PYMNTS

MAY 11, 2018

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. based Divvy announced $10.5 Divvy noted it would use the investment to focus on growth. Cybersecurity.

Analytics 109

Analytics blockchain California Lending 109

PYMNTS

MARCH 19, 2018

Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend. In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports.

Fraud 153

Fraud Cards eBook Data 153

PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

Cards 140

Cards Software Data Management 140

PYMNTS

FEBRUARY 26, 2020

One recent collaboration came from Texas-based Randolph-Brooks Federal Credit Union (RBFCU), which partnered with Fiserv’s subsidiary Raddon to integrate the FinTech’s Predictive Analytics solution. The new platform provides dynamic marketing campaigns based on members’ transactional, lifestyle and behavioral data.

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

MAY 19, 2020

The project will especially try to make sure that the content, analytics, transactions and post-transaction services are able to be accessed in a digital manner, the email states. The goal of the project will be to ensure that digital experiences with Citi are engaging and have an end-to-end strategy that meets every possible need.

Analytics 201

Analytics Groups ATM Strategy 201

PYMNTS

DECEMBER 20, 2020

Corporate Spending Innovations (CSI) has announced that it will be spending more to boost its cloud-based services for B2B payments for advertising and media needs, a company press release says. The company is funneling capital into product development and is rolling out more ways to maximize card spend optimization.

Payments 193

Payments Analytics Innovation Data 193

PYMNTS

DECEMBER 30, 2019

This does not mean businesses are disinterested in newer payment innovations, however. percent would like to integrate ePayables with virtual cards into their broader B2B operations. percent would like to integrate ePayables with virtual cards into their broader B2B operations. Recent PYMNTS research finds that 46.4

Innovation 130

Innovation Payments Data Branding 130

PYMNTS

NOVEMBER 16, 2018

Financial solutions provider Comdata is teaming up with Computer Guidance Corporation to integrate virtual card payment functionality for the construction industry. 15), the company announced the launch of eCMS Connect for Comdata Virtual Card, enabling Computer Guidance clients to automate vendor payments. On Thursday (Nov.

Cards 122

Cards Payments Analytics Data 122