The “platformization” of various business verticals promises to streamline online commerce. For example, digital freight platforms, such as Uber Freight, Convoy and Transfix, have transformed the traditional logistics and transportation industry. These platforms connect shippers with carriers using digital marketplaces, leveraging technology to optimize routes,...
Payments modernization, depending on the financial services company, will be synonymous with upgrades. But it also needs to be synonymous with innovation, collaboration and business outcomes. As Wally Mlynarski, head of merchant solutions and receivables at Bank of America, told PYMNTS for the “What’s Next...
Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. However, there has been a shift, with unattended payments technologies increasingly becoming indispensable in today’s fast-paced retail environment. Ellie Smith, global head of digital acceptance at Discover® Global Network, pointed to a...
Defining “payments modernization” is no easy task. If you asked 10 different payments executives to define it, you might get 10 different answers. But for payment processor Thredd CEO Jim McCarthy, payment modernization is a basic mission rather than an abstract concept. As he told...
With economic headwinds picking up, consumer spending behavior is poised to shift as households tighten their belts in some categories and economists try to make sense of the short-term and long-term future. According to Peter Dougherty, president of open payments platform Spreedly, a steady diet...
Solutions in search of problems rarely scale — something especially true when it comes to payments, where the focus remains on enhancing user experience and efficiency. With that focus in mind, PYMNTS sat down with Trustly Vice President of Enterprise Growth Ross McFerrin to hear his thoughts on the key drivers of payments...
Innovation in payments is rarely linear, but it is always impactful. That’s because staying ahead of the curve within payments and commerce often involves an interplay of technological advancements, regulatory changes, shifting consumer behaviors and competitive pressures. Industry leaders are pioneering marketplace transformations by leveraging technology...
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...
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...
