Innovation

Innovation
Embedded Finance Brings Checkout Innovation to European B2B Merchants
May 25, 2023

Despite increasing innovation in the B2B space, continued reliance on manual processes and the resulting slow pace and high operating costs associated with managing receivables remain widespread pain points for firms, particularly small- to medium-sized businesses (SMBs). Fewer than 10% of B2B payments are done...

Innovation
Quantum Computing Could Change Everything — Are We Ready?
May 05, 2023

The past decade-plus has seen an explosion in technical capability, at times outpacing Moore’s law of technology advancement.   It’s fair to say that the present landscape is unrecognizable when compared to the days of dial-up.  From cryptocurrency, the metaverse, and web3 more broadly — to generative artificial intelligence’s (AI) ongoing...

Innovation
Alternative Payment Methods Fuel Female-Owned Business Success in Emerging Markets
April 17, 2023

While much has been done to advance gender equality around the world, there is no debate that large gaps remain, especially in emerging markets. According to Orit Federlein-Doodai, head of HR, EMEA at PayU Global Payments, women in these markets face significant barriers in achieving...

Innovation
Ice Cream Trucks Get an on-Demand Digital Makeover
March 20, 2023

With hail-able mobile stores, food brands are driving D2C sales, reimagining the ice cream truck. In an interview with PYMNTS, Ali Ahmed, co-founder and CEO of Conjure, the company formerly known as Robomart that creates mobile shops that can be hailed via app like an...

Innovation
Why It’s Time to Sink the Sunk Cost Theory of Legacy Payments Infrastructure
March 07, 2023

Bringing enterprise IT departments to the modern age to combat legacy systems from dragging an enterprise is vital to an organization’s survival. While other departments might be able to scrape by with outdated or aging infrastructure, this is not the case in IT — and...

Innovation
Lion Group Expands Into Carbon Trading and Financing
February 24, 2023

Lion Group Holding Company is expanding into carbon trading and financing. The firm will add these green digital finance sector offerings to its current products, which include an all-in-one trading platform as well as initiatives around special purpose acquisition company (SPAC) sponsorships, non-fungible tokens (NFTs)...

Innovation
FIS Says Embedded Finance in ‘First Inning’ of Payments Evolution
January 25, 2023

“If the FinTech ‘revolution,’ post-financial crisis, is in its early innings, then embedded finance is in its first inning.” Matthew Valente, head of product strategy at FIS, told PYMNTS in a recent interview that as traditional financial firms and FinTechs band together to offer everything from...

Innovation
Firms Hope to Win With Receipt Data Solutions but Implementation Issues Abound
January 25, 2023

Leveraging the full value of item-level receipt data in a simple, secure way enables financial institutions (FIs), FinTechs and merchants to provide the rich, seamless commerce and banking experiences today’s digitally savvy consumers expect. For firms looking to integrate item-level receipt data, the potential to attract...

Innovation
Grocers Turn to Retail Media to Supplement Consumer Revenue
December 02, 2022

This week in grocery, grocers tapped retail media, and a U.K. grocer tested robotic delivery. BJ’s Wholesale Club, for one, a membership-only warehouse club chain with 234 locations across 18 states, announced Thursday (Dec. 1) that it is launching BJ’s Media Edge, a Microsoft PromoteIQ-powered...