Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of digital products at Discover® Global Network, told PYMNTS in an interview that tokenization is emerging as a double-duty asset for...
Gynger has raised $20 million in a Series A funding round led by PayPal Ventures to support its embedded financing platform for technology purchases. The company will use the new funding to scale its team and operations and fuel its growth, according to a Thursday...
It might not get the amount of play that real-time payments, open banking and artificial intelligence get, but the global payments industry reached a milestone recently when the U.S. CHIPS network, one of the world’s largest dollar clearing systems, completed its migration to the ISO...
It’s said that imitation is the sincerest form of flattery. If that’s the case, payments industry veteran and Trustly Inc. CEO Alex Gonthier should feel quite validated these days. While he is currently in charge of one of the leading proponents of open banking and...
For Bharath Krishnamoorthy, co-founder and CEO of Denim, transforming the freight industry — and specifically how brokers get paid — was not on the roadmap. A decade ago, when he was in law school, he told Karen Webster, “I didn’t know what factoring was. Trucks...
The “platformization” of various business verticals promises to streamline online commerce. For example, digital freight platforms, such as Uber Freight, Convoy and Transfix, have transformed the traditional logistics and transportation industry. These platforms connect shippers with carriers using digital marketplaces, leveraging technology to optimize routes,...
Payments modernization, depending on the financial services company, will be synonymous with upgrades. But it also needs to be synonymous with innovation, collaboration and business outcomes. As Wally Mlynarski, head of merchant solutions and receivables at Bank of America, told PYMNTS for the “What’s Next...
Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. However, there has been a shift, with unattended payments technologies increasingly becoming indispensable in today’s fast-paced retail environment. Ellie Smith, global head of digital acceptance at Discover® Global Network, pointed to a...
Defining “payments modernization” is no easy task. If you asked 10 different payments executives to define it, you might get 10 different answers. But for payment processor Thredd CEO Jim McCarthy, payment modernization is a basic mission rather than an abstract concept. As he told...
