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How Your Bank Approval Process Hinders Innovation

South State Correspondent

If you want a more innovative bank, it starts, and largely stops, with what your approval process looks like for new technology. Take a human and force them to grow up in New York City. That is basically how banks are handling innovation. You also hire consultants to come in and teach outdoor skills.

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Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. trillion (2012).

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Apple Pay, Masterpass Come to MTA eTix

Bank Innovation

Earlier this week, it was announced that both Apple Pay and Masterpass are now integrated into MTA’s eTix, meaning that the millions who use the MTA trains to get into and out of New York City every day can purchase tickets digitally. The announcement was made yesterday and changes went into effect today.

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Deep Dive: COVID-19 Spurs Biometric Innovations For A Contactless Global Society

PYMNTS

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. It introduced the tool at the Tire Technology Expo in Hannover at the end of February to help protect some 5,000 attendees.

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Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Tools that can fill specific business needs and features beyond more than just real-time speeds are beginning to grow more important, propelling development and innovation in this area. The Tracker highlights the contribution of different stakeholders, including institutions and technology providers coming together to make this happen.

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How QSRs Are Driving Retail Innovation Via Emerging Tech

PYMNTS

Retail innovation comes from various places – and for the new decade, that includes quick-service restaurants (QSRs), the site of massive technological change. Self-service kiosks have been gaining popularity, and cutting-edge technology like biometrics is starting to be integrated. Pickup Windows. Contactless Payments.

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How J.Crew, H&M, Others Push Hard On Payments Innovation, Loyalty

PYMNTS

In a bid to increase loyalty, merchants are driving innovations in their stores. Retailers are taking new approaches to the way they attract customers. J.Crew , for instance, has a new loyalty program that offers standard perks such as a store credit when customers hit a certain spending threshold.