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

PYMNTS Intelligence: How CUs Can Use Innovative Digital Offerings to Grow, Retain Membership
PYMNTS Intelligence: How CUs Can Use Innovative Digital Offerings to Grow, Retain Membership
March 24, 2022  |  Credit Unions

Innovative digital banking technologies, including peer-to-peer (P2P) payments, mobile wallets and instant cards, offer CUs important avenues for attracting and retaining members, particularly younger consumers....

READ MORE >
Report: Digital Engagement Across US Is a Regional Affair — and the West Coast Leads
Report: Digital Engagement Across US Is a Regional Affair — and the West Coast Leads
March 24, 2022  |  Connected Economy

United States consumers from coast to coast are growing more accustomed to heading online to get through their routine activities — but precisely what those...

READ MORE >
Most FIs Say They Could Do More to Ease Corporate Clients’ Payment, Cash Management Pain
Most FIs Say They Could Do More to Ease Corporate Clients’ Payment, Cash Management Pain
March 23, 2022  |  B2B Payments

Growth in new cross-border ventures has made it more critical than ever for financial institutions (FIs) and corporations to streamline business-to-business (B2B) payments. As digital...

READ MORE >
PYMNTS Intelligence: How Payments Automation and Digitization Can Reduce Errors and Streamline Transactions
PYMNTS Intelligence: How Payments Automation and Digitization Can Reduce Errors and Streamline Transactions
March 22, 2022  |  Accounts Payable

Payments are the lifeblood of any business, especially those that work with vendors to transact for goods and services. United States companies conduct more than...

READ MORE >
Robust Card Processing, Automation Underpin Credit Union Innovation
Robust Card Processing, Automation Underpin Credit Union Innovation
March 22, 2022  |  Credit Unions

While credit unions (CUs) continue to hold a position of primacy with older consumers, the share of millennials and bridge millennials who count themselves as...

READ MORE >
PYMNTS Intelligence: Why ACH Dominates Business Payments
PYMNTS Intelligence: Why ACH Dominates Business Payments
March 11, 2022  |  Faster Payments

Restrictions on in-person interactions during the pandemic forced businesses to seek digital alternatives to paper checks as manual processes became impractical or impossible. In their...

READ MORE >
Data, New Solutions Ease Switch From Paper Checks to Digital Payments
Data, New Solutions Ease Switch From Paper Checks to Digital Payments
February 22, 2022  |  Digital Payments

The paper check remains stubbornly entrenched in daily life, eschewed by consumers but still a mainstay of business payments. However, a carrot-and-stick approach can optimize...

READ MORE >
Ecobank Says Africa’s Payment, FinTech Future is Bright
Ecobank Says Africa’s Payment, FinTech Future is Bright
February 22, 2022  |  Financial Inclusion

In Africa’s ever-changing payments ecosystem, innovation is the norm. In just two decades, major transformations have taken place across the continent — and virtually every...

READ MORE >
Transparency and Lower Costs Push European Insurers to Adopt Digital Solutions
Transparency and Lower Costs Push European Insurers to Adopt Digital Solutions
February 18, 2022  |  Insurance

There’s no question the impact of the pandemic has driven many insurers to rapidly adapt to unforeseen disruption. But while some firms have been able...

READ MORE >