Payments Innovation

Payments Innovation
Payments Speed and Security Acceleration Driven by Behavioral Expectations
May 23, 2024

The future of payments won’t be built overnight. But progress is being made almost every single day. Technology is reshaping every facet of business. The pursuit of efficiency, security and seamless customer experiences is driving change in how transactions are conducted and transforming the ways businesses can operate. Aaron Le...

Payments Innovation
Stripe Launches Its First Open Banking-Powered Payment Method in UK
May 21, 2024

Stripe has debuted an open banking-powered payment method and faster manual payouts in the United Kingdom. In addition, the company has expanded Stripe Capital to the U.K., the company said in a Tuesday (May 21) press release. U.K. businesses on Stripe will be the first to access Stripe’s first...

Payments Innovation
Opus Technologies Launches Payment Integration Framework for Financial Institutions
May 21, 2024

Opus Technologies has launched a payment integration framework designed for financial institutions. The new Paysemble helps financial institutions simplify technology adoption, migration and integration and ensure seamless operations, the company said in a Tuesday (May 21) press release. “Customers today expect a seamless and intuitive payment experience,” Opus CEO Praveen...

Payments Innovation
White-Label Payments Solutions Monetize Resellers’ eCommerce Efforts
May 16, 2024

In an increasingly digital world, the ability to accept and process payments anytime, anywhere has become a critical component of business success. And white-labeling payment solutions has emerged as a powerful tool for sales organizations and merchants to streamline their operations and boost their bottom...

Payments Innovation
Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
May 16, 2024

The best, and most lasting innovations, are those that beget other innovations.  That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology or infrastructure. Each new innovation becomes a link to subsequent ones, forming a continuous chain of...

Payments Innovation
Biometric Wallets Emerge as Payments Modernization Strategy
May 08, 2024

As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns —...

Payments Innovation
CFPB Rule 1033 Will Hasten Shift to Open Banking in US
May 07, 2024

Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it. In a press release issued Oct. 19, the CFPB said Rule 1033 “would accelerate a shift toward open banking, where consumers would have control...

Payments Innovation
Payment Networks Spotlight Rise of Tokenization and Contactless Payments
May 02, 2024

Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight. PYMNTS Intelligence data noted earlier this year that more than half of consumers surveyed said they still preferred to...

Payments Innovation
Thredd CEO: Compliance Will Define Future of Payments
April 25, 2024

Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than ever before — particularly given the shifting dynamics and challenges of the contemporary macro operating environment, where courageous and agile...