Plus, Rep. David Cicilline will deliver recommendations next month on how to rein in Big Tech in antitrust issues. Amazon Opens First LA Supermarket With Smart Carts Amazon will open an Amazon Fresh supermarket this week in Los Angeles that will feature the next generation...
The COVID-19 pandemic has accelerated the need for financial institutions (FIs) to quickly scale and roll out faster payment experiences, whether that means offering businesses instant access to loans or enabling access to consumers' stimulus funds without any wait, says Bryce Elliott, chief information officer...
Getting transactions done — particularly card transactions — requires a seamless flow of card-level data between cardholders, card networks, acquirers and issuers. When part of that ecosystem goes offline, faces a service interruption or technical difficulties, there needs to be a “back up” to ensure that commerce...
Instant payments are in higher demand than ever in 2020, with ACI Worldwide estimating that more than 500 billion real-time payments will be processed over the next five years. India currently leads in terms of transaction volume, processing 15.3 billion real-time payments in 2019 and...
Revolut Ltd., the British financial technology (FinTech) company, has introduced what it describes as a simple way to track, split and settle expenses instantly, in one place. Group Bills promises to ease the management of group expenses. Instead of splitting one bill at a time, the platform...
PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. The company’s clients can currently log in to see authentication rates, protected...
U.S. consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost 50 percent when talking about millennials. But just because fewer consumers are writing checks doesn’t mean they never have to...
Localized shopping and payment experiences are indispensable when selling to an international customer base. Enabling them, however, is often easier said than done. Merchants must navigate a range of operational complexities to localize payments, and the endeavor can be costly. Funds transferred from one country...
Enough with all the “digital transformation” talk, right? Wrong. Modernizing payments capabilities is one of the clearest paths out of the trackless post-pandemic forest, and businesses of any size that got ahead of it early are reaping rewards now. PYMNTS FI’s Guide to Modernizing Digital...
