In today’s top news, FIS reported earnings that showed a rise in POS loyalty programs, and Fiserv’s earnings focused on its digital products. Plus, Shopify’s Shop Pay is coming to Facebook and Instagram.
FIS Q4 Earnings Show Strength In Loyalty-Based POS Pipeline
The latest quarterly results from Fidelity National Information Services (FIS) show continued demand by banks for modernized tech infrastructure and payments, and double-digit growth in eCommerce. Loyalty programs at the point of sale (POS) are also gaining traction, said management.
Fiserv Q4 Earnings Make Digital-First Star Of The 2021 Show
After posting a $300 million profit for Q4, Fiserv put the spotlight on several of its digital products on Tuesday (Feb. 9), from its new acquisition of digital card services platform OnDot to its small and medium-sized business (SMB)-focused Clover point of sale system to its Carat omnichannel commerce solution.
Shopify Expands Shop Pay To Facebook, Instagram Merchants
Shopify is bringing its payments tool Shop Pay to merchants on Facebook and Instagram. Previously, the only payment options available on social media were PayPal or manually entering credit or debit card information.
Fed Data Shows Biggest US Banks Stagnate On Loans
The biggest U.S. banks have dialed back the portion of their balances they’re willing to use on loans to new lows, a trend that has continued throughout the pandemic. The total loans at the 25 biggest U.S. banks added up to less than 46 percent of their combined assets, down from 54 percent last year.
SMB Insurance Claims Problems Have A Digital Fix
The insurance claims check doesn’t have to be in the mail anymore — and it can’t be for SMBs waiting for funds after a disaster, says Azuraye Wycoff, executive manager of small-scale moving company Small Haul. In the Digitizing B2B Payments Tracker, Wycoff discusses why access to digital payouts is key to getting businesses back on their feet after a crisis.
Short-Term Lending Shows Promise As Lifeline For Paycheck-To-Paycheck Consumer
About 60 percent of all Americans live paycheck to paycheck and for them, the pandemic has been fraught with uncertainty. As Travis Holoway, co-founder and CEO of SoLo Funds, told PYMNTS, a peer-to-peer lending marketplace creates options to build credit and resolve short-term financial binds.
Will Satellites Bring 5G Into The (Literal) Stratosphere?
5G rollouts may find it tough to get data and connectivity to rural areas. Satellites may fill the gap and bring the IoT even more into everyday life. Here’s what’s launching (pun intended).