payments innovation

PayFacs Bet Big on Digital Wallets in 2024
PayFacs Bet Big on Digital Wallets in 2024
January 19, 2024  |  Digital Payments

Digital wallets are increasingly becoming a staple for processing transactions in the software publishing industry. Seventy-one percent of payment facilitators (PayFacs) have adopted this technology...

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Mid-Sized Firms Lag Enterprise Peers in Automating Payments and Receivables
Mid-Sized Firms Lag Enterprise Peers in Automating Payments and Receivables
December 29, 2023  |  Accounts Payable

More than 90% of mid-sized firms — those annually generating $3.5 million to $15 million in revenue — that plan to further automate their accounts...

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Nearly 3 in 10 Credit Union Members Willing to Change FIs to Access New Products
Nearly 3 in 10 Credit Union Members Willing to Change FIs to Access New Products
December 20, 2023  |  Credit Unions

Credit unions (CUs) are known for their personalized and member-focused services, which is an attractive offering for many of their members. But alternatively, they have...

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Payments Orchestration Helps Platforms Extend Their Global Reach
Payments Orchestration Helps Platforms Extend Their Global Reach
December 11, 2023  |  Payments Innovation

Blake Whitson, vice president, payments and global customer support at Brainly, and Andy McHale, senior director, product and market strategy at Spreedly, told PYMNTS that...

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IMF, World Bank and BIS Collaborating on Uses of Tokenization
IMF, World Bank and BIS Collaborating on Uses of Tokenization
November 28, 2023  |  Payments Innovation

The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization...

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Companies With AI-Driven Strategies Outcompete Peers, Study Finds
Companies With AI-Driven Strategies Outcompete Peers, Study Finds
November 28, 2023  |  Artificial Intelligence

The payments industry has been a latecomer to the financial technology revolution. Many companies still use legacy accounts receivable (AR) processes marked by an overwhelming...

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Cash Is King Means ‘Pay Me Sooner’ for B2B Players 
Cash Is King Means ‘Pay Me Sooner’ for B2B Players 
November 20, 2023  |  B2B Payments

What do businesses want for the holidays? It’s simple: to get paid faster.  B2B payments are the global economy’s transactional workhorse, accounting for tens of...

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Businesses Shift From Paper Checks With Help From AI and Faster Payments
Businesses Shift From Paper Checks With Help From AI and Faster Payments
November 17, 2023  |  B2B Payments

Drew Edwards, CEO of Ingo Money, told PYMNTS in a recent interview the landscape for business transactions is rapidly changing. CFOs and treasurers are re-assessing...

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Seizing Quantum Computing’s Opportunities Within Payments and Finance 
Seizing Quantum Computing’s Opportunities Within Payments and Finance 
November 15, 2023  |  Innovation

When OpenAI’s ChatGPT was released a year ago, it seemed to come from nowhere. But the emergence of generative artificial intelligence (AI) as a viable,...

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