Payments Innovation

Payments Innovation
Why Payments Orchestration Is Key For Omnichannel Businesses’ Success
February 07, 2022

The pandemic largely flattened the $18 billion trade show industry, leaving businesses scrambling to find better ways to foster and form virtual relationships with potential vendors. In the latest Payments Orchestration Playbook, multivendor wholesale platform Ribbon's Lindsay Thain explains the role of payments orchestration in...

Payments Innovation
This Week in Payments: Amazon’s Growth Slows, Competing Platforms Give Sellers More Options and the...
February 04, 2022

With Amazon reporting its earnings this week, there was much news about eCommerce, competing platforms and the challenges around supply chain, inventory and fulfillment. The metaverse also continued to earn space in the news, with Activision Blizzard and Meta releasing earnings reports too. Teikametrics CEO...

Payments Innovation
Payments Orchestration Helped Turn Trade Shows Digital
February 04, 2022

What consumers want out of their interactions with businesses has changed rapidly since the onset of the global health crisis, with more individuals than ever flocking online or to digital-first payment methods, such as mobile wallets, to complete their purchases. Recent PYMNTS data found that...

Payments Innovation
Visa Calls for Payment Standards in EV Charging
February 02, 2022

Visa is calling for a standardized payment system for Europe’s electric vehicle (EV) charging points that will allow drivers to pay with their chosen method. As Business Review reported Wednesday (Feb. 2), the system would chiefly be based around the adoption of open-loop and interoperable...

Payments Innovation
40% of Middle Market Firms Say Digital Payments Innovations Have Improved Customer Satisfaction
January 31, 2022

Adopting the latest digital payments innovations can help firms keep their businesses operating smoothly while also benefiting business relationships. Not only do 68% of firms say that digital payments innovations have improved their operational efficiency, but 40% say it has improved customer satisfaction and 32%...

Payments Innovation
Weave Surpasses $1B in Processed Payments
January 28, 2022

Small-business customer communications platform Weave has surpassed the $1 billion mark in payments processed through its Weaves Payments tool, the company announced in a news release Friday (Jan. 28). “Communication serves as the foundation of everything a small business does,” said Roy Banks, Weave’s CEO....

Payments Innovation
This Week in Payments: Super Apps Proliferate, BNPL Sees More Competition and Grocers Boost Online...
January 28, 2022

Super apps, buy now, pay later (BNPL), and the grocery category were in the news in recent days. Matt Naish, head of product strategy at FISPAN, joined PYMNTS to discuss the hot topics in This Week in Payments. The week saw several announcements of “super...

Payments Innovation
Why Businesses Are Embracing Digital Payroll
January 24, 2022

Digital technology and automation have begun to take a larger role in the world of disbursements, and one area primed for innovation is payroll. Companies have overhauled their payroll methods as consumers demanded financial innovation and remote access to paychecks. Last year marked the first...

Payments Innovation
Half of US, Canadian Firms Say Data Management, Compliance Costs Blunt Innovation
January 24, 2022

Launching new products and services is key to staying competitive, but it is not always easy. Nearly half of all United States and Canadian businesses say that data management costs and compliance barriers are preventing them from bringing digital innovations to market. These challenges extend...