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 …

June, 2021

• 1 June

  The Double Payoff in Contactless Plastic

  

  The transition to contactless payments offers a rare opportunity to meet another priority by ushering in sustainable payment cards. Through the Covid-19 pandemic, business operations and consumer interactions with their finances have fundamentally changed. The past year has seen a major acceleration in the shift away from cash, with the …

April, 2021

• 30 April

  Digital Currencies And the Future of Payments

  

  Stablecoins in particular hold significant promise for such functions as cross-border payments. But banks will need to make important adjustments. Innovation in the payments space is occurring at an astonishing rate, with new technology capabilities enabling huge strides to be made in enhancing speed, transparency, and efficiency in transaction processing. …

January, 2021

• 1 January

  How Far Will Pay By Palm Go?

  

  Amazon’s latest technology has the contactless trend on its side, but experts question its mainstream usefulness. Amazon.com Inc.’s culture is rooted in three primary principles: Don’t be afraid to take risks; find new ways to engage with customers; and imagine what consumers want before they do. Those principles have helped …

December, 2020

• 1 December

  Smart Phones Go Contactless

  

  Software-based options are proliferating for merchants who want to use their own mobile phones for payment card acceptance. Are we entering the era of Square II? Square Inc. made payments history a decade ago with its iconic dongle that enabled iPhones to accept payment cards (“How the Twitter Guy Changed …