PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. Furthermore, human-driven payroll operations mean businesses can struggle if their in-house payroll experts are sick, on leave or exit a company.

Innovation 186

Innovation Data Payments Groups 186

PYMNTS

FEBRUARY 22, 2019

Consumers take a somewhat binary view of the features and functions that come packaged as innovative: They either believe those innovations can solve problems and, therefore, embrace them or the consumers go somewhere else that offers legacy features and functions. The term means something different in Europe, the U.S.

Innovation 153

Innovation System Regional America 153

PYMNTS

MARCH 13, 2020

Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. The adjusted rules also affected businesses of different sizes in numerous ways, which could have sparked questions from SMB owners unsure whether the changes applied to their operations.

Millennials 160

Millennials Taxes Innovation Operations 160

PYMNTS

AUGUST 7, 2020

Growing numbers of FinTechs are also forcing banks to innovate or be left behind. They are definitely more agile. They’re definitely faster. So, there’s definitely an opportunity and a threat at the same time.”. All the links in the chain need to be real time, but unfortunately many are not.”.

Payments 301

Payments Fintech Innovation US 301

PYMNTS

AUGUST 21, 2020

We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro , chief operating officer of boat rental and charter marketplace GetMyBoat , told PYMNTS. Innovation By The Boatload. Definitions Of ‘Safety On The Water’. From April [to August], we are seeing a 3,900 percent increase in demand.”.

Fraud 317

Fraud US Examples Payments 317

Perficient

APRIL 3, 2024

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Traditional life insurance underwriting, typically relying on factors like age, gender, zip code, smoking status, and marital status, has already contributed to narrow risk definitions for insurers.

Technology 221

Technology Report social media Industry 221

Bank Innovation

JUNE 28, 2017

We are looking at it, a lot of customers have been interested and are requesting the feature [like this reedit user], so it’s definitely something we are taking a look at,” he said today during the Future of […].

Operations 268

Operations cryptocurrency Technology Fintech 268

Bank Innovation

APRIL 17, 2017

To operate in society, we are all beholden to an economic system for which we require access to monetary and credit services to participate, be they formal or informal. It’s also why financial inclusion is often at the crux of economic empowerment — it is providing you with better tools to operate within an economy.

Fintech 268

Fintech Innovation Survey US 268

Perficient

AUGUST 7, 2020

In order to fundamentally redefine the problem, health systems need to change their definition of the word “access.” Solving for this new definition of access necessitates a masterful balance of both supply and demand of the populations a health system serves. Health systems need to redefine the word “access.”.

System 332

System Management Operations Resources 332

Perficient

NOVEMBER 8, 2024

Federal Reserve The largest of the federal banking agencies, the Federal Reserve has four regional federal reserve banks (Atlanta, Boston, New York and San Francisco) set up offices to study financial innovation with AI. Criteria for assessment. Impact assessment.

Regulation 221

Regulation Risk Management Policies Compliance 221

PYMNTS

DECEMBER 23, 2020

billion to fund Ripple’s operations and enrich Larsen and Garlinghouse.” It’s an attack on the entire crypto industry and American innovation.” There had been speculation over whether the company would relocate its operations outside the U.S. Currencies are excluded from the statutory definition of a security.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

PYMNTS

NOVEMBER 2, 2017

Risk, of course, is a broad term, and Davey added that there are additional risks like financial, liquidity, operational and more. But there are some positive forces at work, too, that encourage treasurers to become progressive, innovation-embracing figures within the enterprise, said Davey. One is SWIFT’s gpi ,” he said. “It

Innovation 100

Innovation Risk Management Security System 100

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Three unnamed sources told Reuters that Chinese officials are opening up its large-value payment system to operate 21 hours a day, with the ability to process payments overnight.

Innovation 111

Innovation Payments blockchain Analysis 111

Perficient

OCTOBER 6, 2020

We will work with your technical leadership, operations teams, app developers and business SMEs to understand your company’s unique culture, ecosystem, and vision to better align your strategy with your business model. Program definition. Return to Work With Safety and Innovation. Innovation channel. What’s Included.

Strategy 429

Strategy Training Analysis Security 429

PYMNTS

OCTOBER 19, 2020

The shift away from legacy payments processes was well underway before the pandemic, but COVID-19 is creating fresh urgency to move to cloud-based digitized systems, David Disque , president at CSI (Corporate Spending Innovations) told Karen Webster in a recent conversation. And in many cases, you’ve got different vendors. The Best Mix .

Payments 276

Payments Fintech System Cards 276

PYMNTS

JANUARY 25, 2021

“There’s been a real behavior shift over to digital [and] that won’t go away,” said Celeste Burgoyne , president, Americas and global guest innovation at lululemon. “At At the same time, Travis Boyce , head of global retail operations at fashion sneaker maker Allbirds seemed to straddle the benefits of both selling formats.

Community 269

Community Retail Strategy National 269

PYMNTS

NOVEMBER 8, 2017

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. FIS surveyed 25 markets in which real-time payments programs are operational, rating their innovative qualities on a scale from 1 to 5.

Innovation 101

Innovation Payments System Operations 101

PYMNTS

SEPTEMBER 11, 2018

Travel companies know that payments innovation is mission-critical when it comes to acquiring and retaining consumers all over the world. It’s a clear fact in the data — 81 percent of travel firms indicated that payments innovation is on the menu for the next three years, according to the PYMNTS/ Amadeus IT Group Travel Payments Study.

Payments 197

Payments Innovation Study System 197

PYMNTS

JANUARY 21, 2019

The Tracker found that some 74 percent of business executives cited a lack of interoperability as a major inhibitor to their real-time payments adoption, along with the operational and process challenges that come with ”living in a world where money moves that fast.”. It also goes with the territory anytime a new innovation comes to market.

Payments 185

Payments Innovation ATM Cards 185

PYMNTS

OCTOBER 16, 2020

It’s really hard to meet and look at future needs while still maintaining the day-to-day operations that are required.”. being able to do it cheaper, faster and better is something that's definitely sitting out there for us,” Ranta said. “I don’t envy the situation that a lot of financial institutions are in right now,” he said.

Payments 316

Payments System Technology US 316

PYMNTS

APRIL 7, 2020

The biggest challenge we see B2B payments experiencing is in the traceability of the transactions, which definitely affects a company’s cash flow,” Arbabi said. But trust can also be created by innovating new solutions that quickly solve a problem and meet a need of a business or customer,” Arabi said. That is a powerful offering.

Data 209

Data Innovation Fintech Payments 209

PYMNTS

MARCH 6, 2020

Our findings are at once sobering and encouraging: Just 10 percent of FIs report using AI that meets our specific and narrow definition. percent increase from our previous study conducted in 2018, the AI Innovation Playbook , which showed a usage rate of just 5.5 This represents a 69.7 percent of them. In contrast, 9.3

Data 204

Data Fraud Study System 204

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

FEBRUARY 29, 2016

Just because businesses are interested and willing to adopt payments innovations doesn’t mean it’s going to happen. is definitely a curiosity,” the executive said of digital payments tools gaining traction within the enterprise. “We They really hadn’t been very innovative around that franchise for a long time.”.

Innovation 100

Innovation Fintech Tools Technology 100

PYMNTS

NOVEMBER 20, 2018

Another Road to Damascus moment — or, perhaps a series of moments, as so much innovation and creativity, contrary to popular conception, is incremental, not sudden — happened during his tenure at Western Union. How new does something have to be for it to qualify as innovation? Innovation in the industry is expected.

Payments 186

Payments Innovation Mobile Comparison 186

PYMNTS

DECEMBER 18, 2020

It’s one definition of “resilience,” of which much is needed during this time of upheavals and unknowns. The three challenges firms identify as the most problematic when it comes to managing AR are high operating costs (50.1 percent),” according to the December B2B Payments Innovation Readiness Playbook. It’s digitize, or else.

Study 190

Study Innovation Payments Technology 190

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 153

Compliance Regulation Innovation Fintech 153

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 153

Compliance Regulation Innovation Fintech 153

PYMNTS

SEPTEMBER 20, 2018

Adobe announced it has entered into a definitive agreement to acquire software company Marketo for $4.75 Marketo delivers the leading B2B marketing engagement platform for the modern marketer, and there is no better home for Marketo to continue to rapidly innovate than Adobe.”. Until then, each company will operate independently.

CA 143

CA Customer Experience Leadership Software 143

PYMNTS

SEPTEMBER 25, 2018

The report noted that there is no internationally agreed-upon definition of what that activity might be, but for the confines of the report, it includes “all credit activity facilitated by electronic [online] platforms that are not operated by commercial banks.” The fact remains that credit availability has widened, the report stated.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

SEPTEMBER 1, 2020

Consumers are definitely looking to treat themselves following the scare from the outbreak," said Catherine Lim, a Bloomberg analyst based in Singapore. The travel ban also has customers finding innovative ways to spend time, including flocking to some of the country's amusement parks, PYMNTS reported.

Branding 159

Branding Retail Groups Report 159

PYMNTS

JANUARY 19, 2021

said in December that it had entered into a definitive deal to sell Cost Plus to Kingswood. Those individuals have expertise in labor and deployment, operations and R&D. However, a number of shops are fighting back with digital technology in addition to other innovations. Riley Securities Inc. Bed Bath & Beyond Inc.

Washington 141

Washington Retail Marketing Operations 141

PYMNTS

FEBRUARY 24, 2017

PYMNTS: Please share your own definition of hybrid, private and public blockchain technologies. This is the fundamental technological innovation in blockchain. PH: A private blockchain does not have a new fundamental innovation, beyond database technology, that has been available for decades.

blockchain 184

blockchain Industry Technology Security 184

Perficient

AUGUST 30, 2022

Agility not only offers institutions a path toward expedited change but a way to simplify complex operations. All stories prioritized by the Product Owner that meet the definition of “ready” should be added to the upcoming sprint plan. Refinement/backlog grooming should take place at least twice per sprint.

Meeting 294

Meeting Examples UX Case Study 294

PYMNTS

NOVEMBER 27, 2020

Understanding how real-time payments can ease businesses’ and consumers’ friction points first requires recognizing that the two groups have vastly different definitions of “real time.” Eighty-four percent indicated that they would utilize real-time payment services to power other technological innovations. percent during Q3 2020.

Meeting 265

Meeting Payments Groups Mobile 265

PYMNTS

MARCH 17, 2017

One area in which we’ve seen innovation break through recently may come as a surprise: insurance. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance. AS: DLTs can definitely provide a lot of value to the industry. SR: Impact is slow but expansive.

blockchain 127

blockchain Industry Bitcoin Innovation 127

PYMNTS

FEBRUARY 25, 2019

As regulators overseeing non-banks, our goals are clear: Ensure the safety and soundness of the financial system, protect consumers and streamline the multistate experience,” said Mark Quandahl, chairman of the CSBS Emerging Payments & Innovation Task Force, in a statement.

Regulation 147

Regulation Fintech Community Bank Community 147