In 1956, U.S. businessman Malcolm McLean was granted a patent for his intermodal shipping container. Today, tens of millions of shipping containers provide the critical capacity for much of the world’s transport needs. The supply chain and logistics sector, as well as the industrial economy...
Even the most potentially impactful innovations in the world can languish if not successfully commercialized. That’s where standards come in. While standards are frequently derived from technology, innovation is often spurred from shared standards as well. That’s because standards tend to make the competitive landscape...
While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. (through free market competition), on these shores the strategy of getting there seems to be settled in favor of acquisitions. Specifically, payments giants are buying up data...
The holy grail of payments modernization can be boiled down into to one word: standardization. As the financial services industry seeks to expand the use and value of instant payments linking cross-border transactions with always-on digital commerce, uniting far-flung stakeholders and fostering interoperability is key....
June 24, 2020
While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. (through free market competition), on these shores the strategy of getting there seems to be settled in favor of acquisitions. Specifically, payments giants are buying up data aggregators, which let consumers share data with thousands of apps […]
June 16, 2020
The holy grail of payments modernization can be boiled down into to one word: standardization. As the financial services industry seeks to expand the use and value of instant payments...
June 10, 2019
Open Banking is brand new, but maybe not. Token.io Limited CEO Steve Kirsch tells Karen Webster that there are limitations with PSD2 amid a lack of API standardization. There’s precedent in the...
April 02, 2019
Open banking is here, but baby steps abound as financial firms grapple with PSD2’s fragmented landscape. Token.io CEO Steve Kirsch tells PYMNTS that giving users full control over what happens...
November 27, 2019
Tencent, Xiaomi and Ant Financial are among the Chinese tech giants partnering with artificial intelligence (AI) firm SenseTime in an effort to standardize the facial recognition industry, Abacus reported on Wednesday (Nov. 27). The National Standardization Group for Facial Recognition Technology was launched last week by Hong Kong-based SenseTime and 27 other tech companies. Its […]
June 10, 2019
The 5G standards body has warned that a ban on Huawei could have “a dramatic impact” on future standardization, while analysts believe it could lead to a split in the...
November 06, 2018
Facebook and Google have signed up for new internet standards, which will require internet companies to respect data privacy and “support the best in humanity.” According to Financial Times, the...
October 23, 2018
Visa, the payments company, announced Tuesday (Oct. 23) that it continues to support the draft of the EMV Secure Remote Commerce (SRC) specifications. In a press release, Visa said the...
