July, 2024

• 1 July

  The Dawn of the Digital Payment Identity

  

  In the Visa Flexible Credential, has the payments industry found its ultimately secure identity solution? New ways to use technology, changing consumer preferences, and comfort with digital payments may all be fostering the first steps toward a digital-payment identity. But is it time for a digital-payment identity? Visa must think …

April, 2024

• 1 April

  Five Ways AI Will Improve Bill Payments

  

  Artificial intelligence, once the stuff of science fiction, is coming fast to the business of bill payments. Here’s why—and how.  I recently turned on my smart speaker and enjoyed a music playlist curated just for my tastes and listening habits. When I scrolled through social media, I received customized shopping …

March, 2024

• 1 March

  Lessons Learned From the Chip Shortage

  

  Wide-ranging disruptions in microchip supply slammed the payments industry hard from 2020 to 2022. Now, are terminal makers better prepared? Back in 2020 and 2021, terminal makers were scrambling to get their hands on the microchips they needed to power their devices. Lead times on orders had stretched to 18 …

November, 2023

• 1 November

  Super Apps: The New Frontier—And the Risks Involved

  

  These apps are becoming more popular and encompassing more and more sensitive data—which is exactly why they’re attracting cyberthieves. In today’s highly competitive market, brands are tasked with providing a seamless, integrated, and convenient user-app experience to attract users. With the limited space on smart phone home screens, companies have …

September, 2023

• 1 September

  Four Shortcomings of B2B Payment Technology

  

  Current technology is no longer as effective as it needs to be. Time to start adopting modern methods—including blockchain. IN 2021, business-to-business payments-market revenue was valued at $903 billion and is projected to reach $1.618 trillion by 2028. While these payments are an important service provided by community banks, existing …

May, 2023

• 1 May

  Three Ways AI and ML Can Make Payments Data Work for You

  

  If data is the new oil, here’s how billers can refine that resource for the best revenue results. In 2006, mathematician Clive Humby coined the phrase, “Data is the new oil,” and that couldn’t be truer today. Like oil, data is a valuable commodity that must be refined to make …

October, 2022

• 1 October

  Crypto’s Uphill Battle for Acceptance

  

  More merchants have begun accepting cryptocurrency, and processors say there’s others to come. Good luck with that, say skeptics. A dozen years after the emergence of Bitcoin, widespread merchant acceptance of digital currency remains more a vision than a reality. Most merchants that do accept cryptocurrency insist on converting it …

September, 2022

• 1 September

  How Virtual Cards Are Powering New Business Models

  

  The technology of credit cards has undergone a revolution since the days of magnetic stripes. The credit card has come a long way since Forrest and Dorothea Parry invented it in 1960. Forrest was an IBM engineer working on barcode systems and optical character readers when he came up with …

March, 2022

• 1 March

  Look Ma, No Dongle

  

  Apple’s Tap to Pay has captured the industry’s attention. Now the question is how far it can get with it—and how rivals will react. Apple Inc. stirred up the point-of-sale industry last month with an announcement that it will introduce within a few months technology that will enable merchants to …

January, 2022

• 1 January

  The Card Crunch

  

  The chip shortage plaguing POS terminal makers is starting to inflict pain on payment card manufacturers. The forecast for 2022 is that the worst is yet to come. It was only a matter of time before the semiconductor shortage plaguing manufacturers such as auto and computer makers trickled down to …