PYMNTS-MonitorEdge-May-2024

Digitization

Digitization, less commonly digitalization, is the process of converting information into a digital format, in which the information is organized into bits.

Source: en.wikipedia.org

BECU on Meeting Member Demand for Frictionless Features and Experiences
BECU on Meeting Member Demand for Frictionless Features and Experiences
June 28, 2022  |  Credit Unions

Credit unions’ mission-driven, customer-centric reputations were once enough to ensure survival, but members have spoken: Without access to cutting-edge payment options and other digital conveniences,...

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How 70% of Restaurants Manage Diner Loyalty and Rewards
How 70% of Restaurants Manage Diner Loyalty and Rewards
June 27, 2022  |  Restaurant innovation

Digital channels have provided restaurants — and consumers seeking low-touch access to food services — a means of survival since the pandemic began. Digitization has...

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400 CFOs Discover Added Perk After Boosting Customer-Vendor Digital Relationships
400 CFOs Discover Added Perk After Boosting Customer-Vendor Digital Relationships
June 22, 2022  |  B2B Payments

Chief financial officers (CFOs) expect their businesses to realize several benefits from digitizing payments — among them are faster communication and better collaboration with both...

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Without Digital Payments, Auto Parts Platforms Would Grind to a Halt
Without Digital Payments, Auto Parts Platforms Would Grind to a Halt
June 21, 2022  |  B2B Payments

Like many industries, auto parts retailing is seeing a digital transformation driven by sellers’ need for efficiency and buyers’ need for streamlined purchasing and regular...

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PYMNTS Intelligence: How Digital Ordering Demands Are Changing the Face of the Restaurant Industry
PYMNTS Intelligence: How Digital Ordering Demands Are Changing the Face of the Restaurant Industry
June 15, 2022  |  Restaurant innovation

It is no secret that accelerated digital transformation in the pandemic’s wake has changed consumer preferences. As people have become more accustomed to interacting with...

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Billers Reap Unexpected Timely Perk From Digital Payments
Billers Reap Unexpected Timely Perk From Digital Payments
June 14, 2022  |  Digital Payments

Inflation is making the cost of everything more expensive, even putting the proverbial check in the mail to get the bills paid in the first...

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PYMNTS Intelligence: Digital Demands: What Corporate Banking Clients Want
PYMNTS Intelligence: Digital Demands: What Corporate Banking Clients Want
June 07, 2022  |  Banking

Corporate banking clients want more from their financial institutions (FIs) than ever in terms of advanced digital tools and support. Small- to medium-sized businesses (SMBs)...

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Corp Clients Look to Banks for Digital Boost
Corp Clients Look to Banks for Digital Boost
June 03, 2022  |  Banking

Businesses across all industries have focused more on digital innovation since the start of the pandemic. A recent PYMNTS survey found that over 70% of...

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Cross-Border Payments in Focus as Supply Chains Rebound From Pandemic
Cross-Border Payments in Focus as Supply Chains Rebound From Pandemic
May 31, 2022  |  Supply Chain

The signs are there that the supply chain snarls are unsnarling, just a bit. But of course, things can change on a dime. In the...

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