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

61% of CFOs Say the Pandemic Helped Their Firms Digitize Internal Processes
61% of CFOs Say the Pandemic Helped Their Firms Digitize Internal Processes
January 12, 2022  |  B2B Payments

Most companies are digitizing their accounts receivable (AR) and accounts payable (AP) systems if they have not already done so, PYMNTS research finds. The reason...

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US Banks Say Instant Payments Need ISO 20022 Standard to Scale
US Banks Say Instant Payments Need ISO 20022 Standard to Scale
January 11, 2022  |  Disbursements

The pandemic has pushed payors and businesses across various industries to accelerate their digital transformation efforts, especially as a rising number of consumers expect faster...

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Report: CFOs See Digital AR/AP as Best Way to Boost Efficiency and Transparency
Report: CFOs See Digital AR/AP as Best Way to Boost Efficiency and Transparency
January 05, 2022  |  CFO

The COVID-19 pandemic disrupted normal operations for many businesses and led to cash squeezes as consumers delayed making payments. As painful as this experience was,...

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Mastercard: 2021 Was the Year of Evolution
Mastercard: 2021 Was the Year of Evolution
January 04, 2022  |  Digital Payments

Businesses and consumers alike built on their digital payments momentum in 2021, Ron Shultz, Mastercard executive vice president, New Payment Flows, North America found, accelerating...

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DigniFi CEO: Embedded Finance the Cornerstone of Auto Industry Innovation
DigniFi CEO: Embedded Finance the Cornerstone of Auto Industry Innovation
December 22, 2021  |  Payment Methods

The shift to digitization and embedded finance is transforming every industry, and the auto business is no different. The newfound ability to offer financing at...

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Telematics, Software and Fuel Cards Streamline Fleets’ Fuel Tax Compliance
Telematics, Software and Fuel Cards Streamline Fleets’ Fuel Tax Compliance
December 17, 2021  |  Transportation

Anyone who has had to keep track of business travel for mileage reimbursement can understand the challenges faced by interstate commercial carriers. When their commercial...

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KeyBank: Banks Must Master Real-Time Payments to Satisfy Digital-First Consumers
KeyBank: Banks Must Master Real-Time Payments to Satisfy Digital-First Consumers
December 16, 2021  |  Faster Payments

The pandemic has changed consumers’ preferences for how they pay vendors and receive disbursements that range from paychecks to insurance payouts. Contactless payments’ growing popularity...

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How US Consumers Define the Super App
How US Consumers Define the Super App
December 13, 2021  |  Connected Economy

Consumers do everything online. They wake up and read their morning papers on their phones or tablets, begin their workdays by hopping on their laptops...

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The Days of Manual Credit Card Reconciliation Processes Are Numbered
The Days of Manual Credit Card Reconciliation Processes Are Numbered
December 07, 2021  |  B2B Payments

“An arduous and labor-intensive affair.” That is how Sam Seaton, CEO of open data platform Moneyhub, describes the financial month-end close process of reconciling credit...

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