March, 2023

• 1 March

  It’s Not the Food, It’s the Plate

  

  Banks are gearing up to launch their own common wallet for consumers. But what value, exactly, will the new product really add? This comes from an announcement on Early Warning Services’ Web site: “We hear from consumers that they want to utilize online payments from their trusted financial institutions,” said …

February, 2023

• 1 February

  CBDCs’ Future Lies in Cross-Border Payments

  

  A recent pilot demonstrated a number of benefits stemming from the conversion of real-world assets into their digital equivalents. Lost in the coverage of the crypto meltdown last year were some important announcements by major bank associations, such as SWIFT and the Bank for International Settlements, about the use of …

January, 2023

• 1 January

  How to Ride the Digital Wave

  

  The digitally savvy consumer base is rising fast. Banks can surf that wave—or drown in it. Over the past 12 months, many bank clients have become much more at ease with digital interactions, which has resulted in decreased branch visits. What would happen to retail banks if they never returned? …

December, 2022

• 1 December

  Digital Payments’ Big Payoff for Small Sellers

  

  One legacy of the pandemic is how the shift to contactless, remote, and other forms of payment has enabled small businesses to compete with big enterprises. During the pandemic, retail commerce shifted almost overnight from primarily cash, card, and in-person transactions to primarily contactless, digital, and remote payments. For merchants, …

November, 2022

• 1 November

  The Transformation of Business Payments

  

  The pandemic sped adoption of digital payments, but it also revolutionized supply chains. The pandemic accelerated the digitization of business payments. Companies are seeing new cost and process efficiencies from their digitization efforts, especially with T&E cards and vendor payments. But most exciting are the new possibilities that open up …

October, 2022

• 1 October

  Cloud: The Engine of Innovation

  

  Here’s why payments providers can no longer afford to ignore or misunderstand cloud technology. Cloud is a key factor in the expected growth of the digital-payment gateway market to $416 billion by 2024. Non-bank players, from big tech to e-commerce giants to fintech startups, are leveraging the fearsome capabilities of …

September, 2022

• 1 September

  Stopping Cybercrime in Its Tracks

  

  As criminals shift to strategies that rely on psychology as much as technology, a whole new approach is necessary. Tony Carothers is the security systems engineer at Corpay, a FLEETCOR company. The remote-work era brought on by the Covid-19 pandemic has made it even easier for criminals to execute payment-fraud …

July, 2022

• 1 July

  It’s Past Time to Squash Ransomware

  

  Don’t wait to become a victim. The key is to act before you’re attacked. That requires identifying vulnerabilities and shoring up systems. Across the globe, a ransomware attack strikes a business every 11 seconds. This is not a statistic many companies want to think about. But it’s a reality, especially …

June, 2022

• 1 June

  PayPal Is a Legacy Solution. That’s a Problem

  

  For all its resources, the payments company faces a growth problem it may not be able to solve on its own. This is a story about PayPal, one of the most trusted brands in e-commerce. It’s been one of the most trusted brands in e-commerce for decades. Today, it’s fastest-growing demographic …

May, 2022

• 1 May

  Mr. Chopra’s Alternative Universe

  

  The CFPB director should stop imposing politics on payments and stick to his remit. Rohit Chopra, director of the Consumer Financial Protection Bureau, in March shared his conjured alternative-payments universe with politically simpatico CNBC. Relishing his celebrity, Chopra held forth on inflation, payment-system competition and fees, and cryptocurrency risk. The …