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

19M More Consumers Went Online to Bank, Buy and Pay Bills in May 2022
19M More Consumers Went Online to Bank, Buy and Pay Bills in May 2022
May 30, 2022  |  Connected Economy

Some news outlets would have us believe that consumers are over the pandemic and partying like it’s 2019 — except they are not. Mask mandates...

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Fleet Operators Optimize Vehicle Inspection, Maintenance With Digital Solutions
Fleet Operators Optimize Vehicle Inspection, Maintenance With Digital Solutions
May 26, 2022  |  Technology

Drivers and managers of commercial vehicles generate documents having to do with vehicle inspection and maintenance every day — and most of those documents are...

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Businesses Beat Down Payments Volume Surges With Automated Payables
Businesses Beat Down Payments Volume Surges With Automated Payables
May 20, 2022  |  Accounts Payable

Businesses of all sizes experience inefficiencies when dealing with a high volume of payables, or “mass payouts.” Regardless of the actual volume of payables a...

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Three-Quarters of Utilities Plan Further Investment to Boost Digital Payments
Three-Quarters of Utilities Plan Further Investment to Boost Digital Payments
May 19, 2022  |  Digital Payments

Nearly 3 out of 4 utility companies are investing or plan to invest in payments digitization. Twenty-one percent are currently investing in digitized payments platforms,...

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The Data Point: 74% of Firms Say Digital Payments Improve Working Capital Management
The Data Point: 74% of Firms Say Digital Payments Improve Working Capital Management
May 19, 2022  |  Digital Payments

Those who hesitate often end up playing catch-up, and that goes double for businesses during the historic digital shift that’s remaking back-office finance departments with...

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TurnKeyLender, VoPay, Team to Digitize Lending
TurnKeyLender, VoPay, Team to Digitize Lending
May 17, 2022  |  Loans

Canadian integrated payment technology company VoPay has launched a partnership with unified lending management company TurnKey Lender to provide lenders with fully digitized end-to-end process automation,...

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55% of Utility Company Executives Say Digitization Is Key to Industry Growth
55% of Utility Company Executives Say Digitization Is Key to Industry Growth
May 02, 2022  |  Digital Payments

The utilities industry has been digitizing payments processes for many years. When the pandemic hit in early 2020, the pace accelerated as companies pursued the...

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NEW DATA: One-Third of Patients Would Use Healthcare Portals If They Had Access
NEW DATA: One-Third of Patients Would Use Healthcare Portals If They Had Access
May 02, 2022  |  Healthcare Financing

Consumers are increasingly turning to digital channels such as online patient portals to streamline communication with healthcare providers and the management of their care. Digital...

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Data-Driven Decisions: Why Digitizing Back-Office Payment Tech Needs to Be on the Agenda
Data-Driven Decisions: Why Digitizing Back-Office Payment Tech Needs to Be on the Agenda
April 20, 2022  |  Opinion

Businesses of all stripes face mounting pressure to deliver post-pandemic success, and treasury and accounting teams are feeling it. Digitizing finance systems and processes can...

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