Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets, which make international fund flows cheaper, faster and more convenient. Earlier this month, Mastercard announced a new connection with China’s Alipay, which enables bank, FinTech and corporate clients to offer …
Digital wallets — such as Apple Pay and Google Pay, which use near-field communication tags, and Amazon Pay and PayPal, which use QR codes — offer shoppers a contactless method to complete their purchases. Because digital wallets store encrypted debit and/or credit card information, they also provide consumers with a more secure way to shop …
No longer confined to the back office, today’s CFOs are pivotal figures in their organizations. Gone are the days when CFOs were merely guardians of the balance sheet. In today’s environment, they increasingly wear multiple hats, acting as strategic advisers, risk managers, and leaders in business innovation. But importantly, they are never going it alone. …
The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today following the FedNow® Service launch stems from the lack of full interoperability between the Federal Reserve’s real-time payment system and the RTP network overseen by …
Transforming raw data into meaningful insights has always empowered organizations to make informed decisions. And now, with artificial intelligence thrown into the mix, there have never been more opportunities — or capabilities — at hand to bridge the gap between available data and actionable insights. That’s particularly true given the backdrop of today’s increasingly data-rich …
When it comes to digital wallet adoption, the youngest consumers are outpacing older generations by a wide margin, PYMNTS Intelligence research reveals. By the Numbers The report “How Preferred Payment Availability Can Reduce Cart Abandonment,” a PYMNTS Intelligence and Adobe collaboration, draws from a survey of more than 3,500 U.S. consumers to understand their actions, …
More consumers than ever now rely on mobile apps to manage their daily chores. PYMNTS Intelligence found that a growing percentage of Americans click on apps to administer their bank activity (49%), bills and subscriptions (37%), savings and investments (26%), retail shopping (24%) and grocery purchases (14%). So, would a single “everyday app” that can …
In the real estate business, how a property looks has a big impact on how potential buyers make a decision.With so much at stake, real estate professionals have turned to AI in the buying, selling, planning and visualization of real estate. “I wouldn’t disagree with the perception that the real estate industry has been slower …
For all its technological complexity, artificial intelligence (AI) rests on one very simple foundation: data. And it’s here that Databricks has put a stake in the ground, claiming 50% of the Fortune 500 as customers since its founding in 2013. As global head of financial services Junta Nakai told PYMNTS, educating those clients — and …
The recent artificial intelligence (AI) boom is no game for $1.67 trillion chipmaker NVIDIA. But just five years ago, the company — which invented GPUs — was focused on graphics cards designed to make video games and other applications run faster. Now, NVIDIA is one of the top five most valuable public companies in the …