“The payroll status quo of paying workers in arrears is no longer relevant or acceptable — the data clearly show that to be true.” Payday as we’ve long known it is going away — and it’s about time. “In the same way that we’re witnessing many office...
“We are seeing more and more issuing banks championing virtual cards that feed directly into mobile wallets, doing away with plastic once and for all.” Some changes wrought by recent events are not unwelcome. For example, do we really need plastic cards anymore? “Our issuing...
“We have seen instant payment traffic increase exponentially, putting an increased focus on the infrastructure required to make this happen.” Payments preference is overtaking banking, surfing a tsunami of change. “The increase in electronic payments has … propelled us closer to becoming a truly cashless...
American Express, Discover, Mastercard and Visa have agreed on the global expansion of touch-free purchases across merchants and platforms. Click to Pay, the online checkout based on Secure Remote Commerce (SRC), features one-click buying convenience when shoppers are making a purchase on a website, mobile...
“Are paper checks really the best we can do for our workers?” Crises have a way of exposing weaknesses, vulnerabilities and outmoded systems. For Mark Putman, general manager of payments at ADP, that means paper checks. “If the recent and continuing health crisis has demonstrated...
“The digital economy is here, and those payment providers that are global, digital and fully resilient will lead the reemergence.” “Robust operational resilience is now a non-negotiable component of any business engagement,” according to Manish Kohli, global head of payments and receivables, Citi Treasury and...
COVID-19 is derailing public transportation the world over, but Fernando Souza, vice president at payments platform CyberSource tells PYMNTS it’s also creating a huge push toward replacing cash and paper tickets with contactless payments. The conversations with transportation systems are no longer about 'why' but...
If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. A key...
Anyone who has ever driven North on Route 1 from Boston, Massachusetts, has seen Kowloon Restaurant. It’s hard to miss. The iconic Chinese restaurant and cocktail lounge is a huge angular structure with pagoda-style roofs and a totem pole visible from the highway. Over the...
