Monthly Archives: September 2018

Why Walmart Says Blockchain Can Improve Food Safety

Site Default/ September 27, 2018/ PYMNTS reports/ 0 comments

By PYMNTSPosted on September 27, 2018 Origins are all the rage in modern life: origin stories, family origins via DNA and digital ancestry databases. Add to that Walmart’s latest effort to gain more grocery market share: using blockchain technology to trace the origin of the food sold by the retailer back to the farms from which it came. The idea is to introduce more transparency

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Looking Beyond ePayments In Accounts Payable

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By PYMNTSPosted on September 26, 2018 For years, B2B FinTech players have pressed businesses to adopt electronic payments. With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. However, adopting electronic payments is only the beginning. After the checks have been ditched, some

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Visa: Why The US Is Finally Ready For Contactless

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By PYMNTSPosted on September 25, 2018 Contactless cards have been a big hit around the world. In the U.K., the European Union (EU) and Canada, contactless payments account for two out of five face-to-face Visa transactions, according to newly released data. And that penetration happened fairly fast — many markets saw contactless usage go from single digits to over 50 percent use within a short 18 to 24 months. In the U.S.,

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Mastercard Track Fast-Tracks Supplier Vetting, Onboarding

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By PYMNTSPosted on September 13, 2018 It takes an average of 16 friction-filled, often paper-intensive days for a buyer to onboard a supplier. Mastercard and Microsoft have teamed to launch Mastercard Track, a digital platform to fast-track trade between trading partners by streamlining the supplier discovery, vetting and onboarding process. Carlos Menendez, Mastercard president of enterprise partnerships at Mastercard, and George Zinn,

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Why Alt Payments Give Airlines And OTAs A Boost

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By PYMNTSPosted on September 12, 2018 Universal Air Travel Plan (UATP) is the oldest payments network in the world, 83 years and counting. However, unless one happens to work in a big company and have their travel booked through a managed travel department, chances are they’ve never heard of the network. UATP is a B2B-based payments network, its payment rails handling an estimated 15

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NEW REPORT: Is Security Holding Omnichannel Banking Back?

Site Default/ September 12, 2018/ PYMNTS reports/ 0 comments

By PYMNTS Posted on September 12, 2018 Omni Security and Authentication Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. However, offering this convenience can create new opportunities for fraudsters to slip through, thanks to the growing number of security breaches

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In The Middle East And Africa, Digital Payments Face A $1.4T Cash Challenge

Site Default/ September 11, 2018/ PYMNTS reports/ 0 comments

By PYMNTSPosted on September 11, 2018 Despite the influx of mobile banking and payment options, plastic card use, and a focus on financial infrastructure, cash remains heavily cemented in the Middle Eastern and African economies. Reliance on cash is particularly ingrained in the unbanked and rural populations of these regions, with consumers still reaching for cash to pay for daily transactions. This

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What Innovators Can Learn From Uber Cash

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By Karen Webster Posted on September 10, 2018 Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Biologists wanted to better understand how to keep the human body’s ecosystems from being devastated by disease, so humans could live longer, healthier lives. Ecologists wanted to better understand the relationship

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MOBILE POINT OF SALE

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The mPOS Tracker™ is your go-to resource for staying up to date on a month-by-month basis. The Tracker highlights the contributions of different stakeholders, including the institutions and technology that come together to make this happen. MPOS TRACKER™ – SEPTEMBER 2018 INSIDE THE TRACKER An interview with New Mexico Piñon Coffee’s president, Matt Bregar, and business development manager, Madison Rumbaugh, on how

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CO-OP On The Fraud-Fighting Balancing Act

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By PYMNTSPosted on September 6, 2018 Credit unions (CUs) face a delicate balancing act when it comes fighting fraud — a specific needle they need to thread, CO-OP Financial Services’ SVP of Fraud Products Fotis Konstantinidis told PYMNTS in a recent conversation. On the one hand, banks and CUs want to keep fraudsters out and fraudulent transactions down. That is the obvious part. On the

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