PYMNTS

DECEMBER 7, 2020

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. Around The B2B Payments For The Virtual Workforce World. The benefits of using digital B2B payments solutions extend far beyond their ability to support a decentralized workforce.

Management 268

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PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. Fusion Reveals Payments Platform Banks. The firm said it would work with The Clearing House on a new venture to “foster real-time payments.”.

Innovation 301

Innovation Technology Fintech Payments 301

PYMNTS

MARCH 17, 2020

To that end, Vincent Caldeira, chief technologist for FSI in APAC for Red Hat told PYMNTS, FIs — especially incumbent FIs — are facing rapid changes in payments that demand they modernize payments processing, embedding new functionality along the way. The Need For Standardization In Cross-Border Payment Processing.

Innovation 228

Innovation Payments System Security 228

PYMNTS

DECEMBER 31, 2020

That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated or identity cannot be verified. One is regulatory trends, where regulators are looking to increase competition in this field and drive innovation. The other is technological innovation.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

DECEMBER 2, 2020

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other. Aquilina said that’s partly because historically, B2B payments innovation efforts — especially via FinTechs — have focused on buyers.

Innovation 199

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PYMNTS

NOVEMBER 1, 2018

Predictable means that those spikes could be planned, and the technology that powered those payment products were built to accommodate the big spikes that happened once a year, before falling off to average levels. Other than that, out-of-pocket payments for workers are mostly a dying breed.

Innovation 180

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PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. One FinTech, meanwhile, throws blockchain into the mix of legacy rails.

Innovation 184

Innovation Payments blockchain System 184

Bank Innovation

MARCH 20, 2019

It’s time to move beyond merely presenting data and toward helping customers take informed action on their finances with that data, according to Jonas Karles, co-founder and COO of Minna Technologies, a PFM provider for subscription and recurring payment management. We've done the pie chart thing,” he told Bank Innovation. “We

Management 267

Management Innovation Data Technology 267

PYMNTS

APRIL 29, 2020

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. CUs value innovation that benefits members.

Innovation 152

Innovation Payments Millennials Survey 152

PYMNTS

DECEMBER 9, 2020

According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows. Technology today can automate a range of workflows surrounding a B2B payment, including invoicing, payment term management and payment processing.

Innovation 297

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Bank Innovation

FEBRUARY 6, 2019

Jody Perla, managing director at cross-border payments company Payoneer, told Bank Innovation this relatively new reality has led to increased customer and corporate expectations for seamless and transparent payments. Commerce is now global by nature because of the internet […].

Innovation 170

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PYMNTS

JANUARY 2, 2019

All of this friction can lead to that worker left waiting, cooling his or her heels in the truck, as the traditional spend management process grinds on. Spend management is also following that trend, though there is still much work to do, of course. So much for getting ahead. Moving Away from Paper. Audit Trail.

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PYMNTS

NOVEMBER 6, 2018

There is also the chance (please no, not this time) of some hassle with payments, such as the corporate account or card not going through, or maybe, on the travel agency side, a software glitch or another problem that adds friction and frustration to an already long travel day. Innovation Challenges. Innovation Willingness.

Innovation 177

Innovation Payments Industry Study 177

PYMNTS

MARCH 2, 2020

FinTech innovation has opened the floodgates for a stream of new platforms and products designed to help small businesses and corporates more efficiently manage money and make payments. Bridging the Payments Divide. Payments, and more specifically, initiating a transaction, can be a bit more difficult to accomplish.

Innovation 141

Innovation Payments Fintech Management 141

PYMNTS

FEBRUARY 10, 2020

PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. Stevens will oversee product delivery and management, as well as its innovation teams. Young will report to Stevens. “We

Innovation 210

Innovation Leadership Washington Cards 210

PYMNTS

OCTOBER 14, 2020

Spend management was the focus of innovation in the commercial card space this week thanks to partnerships and investments in firms aiming to help companies keep track of expenses. Monitoring fuel purchases through both cost and location is a valuable tool for fleet managers to prevent fraud and protect margins.”.

Management 238

Management Cards Innovation Fraud 238

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

Innovation 195

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South State Correspondent

JULY 12, 2023

Next week, FedNow goes live, ushering in the next era of faster payments. FedNow joins The Clearing House, which has offered real-time payments (RTP ® ) for the last five years. Banks are about to win back payment flow from non-banks, and in this article, we break down how this will happen and what it means for your bank.

Payments 370

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PYMNTS

NOVEMBER 12, 2020

Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cash management offering into Australia. Plus, GE shutters its staff audit program, and Park Place Payments partners up for small business B2B payments. 11) press release.

Management 167

Management Payments Atlanta Innovation 167

PYMNTS

DECEMBER 23, 2020

Paychex , which provides solutions for HR, payroll, benefits and insurance, is offering users of Clover , a business management platform from Fiserv , the chance to streamline payroll services as well as time and attendance management, according to a press release.

Management 219

Management Tools Strategy Innovation 219

South State Correspondent

FEBRUARY 22, 2023

Non-Expert Deposit Pricing Management – How To Destroy Bank Franchise Value The best way to quickly destroy value is to peg a deposit product to an index such as SOFR, Prime, Fed Funds, or Treasuries. However, this doesn’t tell the whole story when it comes to deposit management.

Management 195

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PYMNTS

SEPTEMBER 19, 2019

This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers. With innovation comes new challenges.

Innovation 134

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South State Correspondent

SEPTEMBER 13, 2023

Most banks ignore instant payments or are still worried about fraud and research. The irony is that of the estimated $25 trillion in B2B payments in the U.S., Why Payments Matter For the bank, the correlation between transactions processed and profitability is exceedingly high – approximately 82%.

Payments 221

Payments Fraud Data Taxes 221

PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research reveals that B2B payments are is expected to account for the largest portion of faster payments volume in the U.S.,

Innovation 130

Innovation Payments blockchain National 130

Bobsguide

JUNE 3, 2022

Ground-breaking WWS ATM Acquiring Software Wins ATMIA Peter Kulik Innovation Award. The annual Peter Kulik Innovation Award celebrates innovations in the global ATM industry. The software implements a smart client / server architecture that makes managing ATM networks significantly more cost effective and productive.

ATM 148

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PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. .

Innovation 225

Innovation Policies User Experience Security 225

PYMNTS

DECEMBER 28, 2018

In B2B payments and corporate finance, it wasn’t only bank-FinTech collaboration that made headlines in 2018. Partnerships, joint ventures, as well as merger and acquisition (M&A) activity between banks, startups, payments firms, technology conglomerates and everyone in between became a popular strategy for tackling friction.

Innovation 184

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BankInovation

MARCH 13, 2024

Mastercard Foundry, the innovation hub for product development at the card giant, is creating a new technology-focused position, as it continues its tech investment. Director of innovation The $42 billion card giant’s ideal […] The company’s operating expenses in 2023 increased 11% year over year to $11.1

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PYMNTS

DECEMBER 30, 2019

firms make and receive B2B payments, even though more cost-efficient digital payment options have become available. This does not mean businesses are disinterested in newer payment innovations, however. Paper checks remain the primary method through which U.S. Recent PYMNTS research finds that 46.4

Innovation 130

Innovation Payments Data Branding 130

PYMNTS

DECEMBER 9, 2020

In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

MAY 11, 2018

Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. Some companies view risk management and compliance as roadblocks to innovation.

Compliance 125

Compliance Innovation Management Risk Management 125

PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. The essence of every week is reviewing business performance and forecasts, discussing opportunities, predicting and mitigating risks, looking for small openings for transformation and innovating.

Innovation 190

Innovation Payments Compliance Risk Management 190

Bank Innovation

DECEMBER 12, 2017

Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today.

Millennials 231

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PYMNTS

NOVEMBER 12, 2020

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules.

Payments 345

Payments Innovation Risk Management System 345

PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Payments, of course, are a vital part of the whole legal betting process. A key part of user experience is payment speeds.

Innovation 137

Innovation Payments Taxes User Experience 137

PYMNTS

MARCH 17, 2017

PricewaterhouseCoopers — after 83 consecutive years of tabulating the Academy Awards without incident — managed to accidentally put the wrong card in Warren Beatty/Faye Dunaway’s hands for the Best Picture award and … well the rest is YouTube history. PwC is now called Probably Wrong Card!”. Alexander questioned, for example, how Adm.

Innovation 175

Innovation Payments social media America 175

PYMNTS

JANUARY 15, 2021

EedenBull , which works with payment and spend technology, has a new agreement with National Australia Bank (NAB) in which the bank will let its small- to medium-sized business (SMB) users access EedenBull’s payment and spend platform, according to a report from Finacial IT.

Management 172

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