paymentsjournal

5 Secrets to Success for an Effective Corporate Fraud Prevention Strategy

It’s no secret that as the problem of payment fraud continues to get worse, organizations need to take fast – yet thoughtful – action to protect themselves from financial loss and reputational damage.

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Why the Payments Industry Needs to Embrace Faster Funding for Small Businesses

In today’s world, no one likes to wait for anything – least of all their money. Whether it’s an employee waiting for payday, a friend waiting for an acquaintance to complete their Venmo request, or a customer waiting for their refund after returning a product. Money is time and time is money Small businesses face […]

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Why ‘Explainable AI’ Is the Next Frontier in Financial Crime Fighting

With new technologies like faster payments taking hold, the explosion of readily-available data, and the ever-changing regulatory landscape, staying ahead of financial crime and compliance risk has become more complex and expensive than ever before.

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Middle-Market Companies Progressing Toward Digital B2B Payments Adoption

In today’s fast-paced, digital age, the most amazing thing about paper checks is that many businesses are still writing them. It is not just the expense of writing a check-measured in employee time and processing costs-that argues against their persistence. It is the uncertainty associated with them.

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An ID-eal Position: Banks and Trusted Digital Identity

The rapid pace of digital transformation has left many industries scrambling to find secure, convenient ways of establishing identity for digital services. The identity ecosystem has become fragmented and complex, with too many stop-gap solutions creating and propagating vulnerabilities and friction.

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Bracing for Brexit: Credit Cards Tighten, P2P Sputters

US is probably getting daily offers from Bank of America, Citi, and Chase on interest-free balance transfer offers, our friends in the UK experience.

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Speedpay® Pulse Trend Report Delves Into the Benefits of Mobile Wallet Payments

For many consumers, smartphones are an integral aspect of their lives. According to Pew Research Center, 77 percent of Americans now own smartphones, up from just 35 percent from the organization’s 2011 smartphone ownership survey.

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Does the Answer to POS Consumer Financing Lie in Bank-Fintech Collaboration?

It’s time for banks to pick a side when it comes to fintech. Banks can either continue to see the technology-driven disruptors as a threat, or take the high (and perhaps smarter) ground, and create opportunities out of fintech collaboration. With point-of-sale (POS) consumer financing, this decision needs to come quick.

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You Can’t Buy Credit Card Loyalty, but You Can Lease It

With Valentine’s Day approaching, here is an interesting read on credit card loyalty from Forbes. Google best credit card rewards and you’ll get 387 million potential answers, including links to hundreds of websites dedicated to hacking reward programs to help customers earn the greatest amount with the least possible effort.

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Scope of the Growing Technology in the World Financial Ecosystem

Financial economic system in world has been growing rapidly since the past two decades. It has had a catalytic effect since the Government’s introduction and encouragement towards digitization of monetary assets and services.

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Digital Transformation: A Slow Chain Reaction With Corporate Payments

We recently released our Outlooks for 2019 across the various Mercator advisory services, and in the commercial enterprise payments version, the overriding point was digitalization across the corporate financial process delivery system.

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How Will FinTech Offer Disruption to Financial Services in 2019?

Financial technology (FinTech) solutions are poised for an exceptional year in 2019, particularly with new solutions designed to assist the unbanked and underbanked populations. According to media sources, there are believed to be an estimated 1.7 billion adults across the globe who do not currently enjoy access to traditional financial services.

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