Stepan Kosatyi

Payments Blog

Latest payments industry news, trends and developments and fresh perspectives on digital transactions, commerce, fintech, digital identity and trust.

Digital Technologies Drive Innovation In Retail, Payments

Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. In retail technology, Toshiba ...

Payments As A Service Help Banks Build Resiliency

The pandemic has shone a light on some glaring inefficiencies in B2B payments. To that end, Deepak Gupta, global head of PaaS at Volante Technologies, told PYMNTS that the cloud – and payments as a service (PaaS) – can help banks serve the payme ...

How The Pandemic Has Helped Push P2P Payments Mainstream

U.S. millennials were early adopters of person-to-person (P2P) payment apps, while Baby Boomers sought out financial institution-based P2P options and older consumers were slow to join in — until now. Fiserv‘s Vice President of Product Managemen ...

Stripe Adds Direct Debit

The FinTech Stripe said it will “create the first self-serve unified payments platform for U.K. businesses” by adding the popular Bacs Direct Debit payments service — which includes digital wallets and card payments — to its ecosystem.

Social Distancing Could Open Up New Ways To Sell

With a need for social distancing in the coronavirus era, businesses are seeking ways to restrict traffic through appointment-based systems for physical retail. GlobalData Managing Director and Retail Analyst Neil Saunders said in an NRF blog ...

Why Bunq Banks On The Cloud For An Innovative Edge

Nine out of 10 banks still rely on old-school mainframe systems for their core needs, a technological challenge that can result in legacy financial institutions (FIs) falling behind digital challengers. In our Digital Banks And The Power Of The ...

Shopify Joins Libra Association

Facebook’s Libra Association added a new member after a number of participatory companies left the organization in the past few months, according to a report by CNBC.

Payment security in a world going mobile

If cash is king, we may be in the final days of its reign. According to a recent study, roughly half of American adults no longer worry about carrying cash as they increasingly reach for their smartphones instead of their wallets.

An untapped market - The unbanked shopper

Many of us assume that everyone has a bank account of some sort. But according to the latest report from World Bank Group, around 1.7 billion adults remain unbanked globally. That’s roughly one-fourth of the global population.

Balancing payment innovation and trust

Sixty years ago, the idea that a plastic card was the future of payments would have been perceived quite skeptically, but eventually it became a standard way to pay.

Mastercard Lauds Apple Card Security

Apple Card, a new kind of credit card created by Apple, is being applauded by Mastercard for its enhanced security, simplicity, transparency and privacy, CNBC reported on Tuesday (Aug. 20). The new iPhone-integrated credit card has teamed with b ...

Commercial Cards Take The Global B2B Payments Stage

Commercial card products can help companies kill the check, making transactions faster across borders. Boost Payment Solutions CEO Dean M. Leavitt tells Karen Webster that the key to getting companies on board with B2B payments done across card ...

Taking The Cash Out Of Cashing Out Tips

You may have noticed in recent years that the cash you have in your wallet, pocket or purse tends to last longer than it used to. Drew Edwards, CEO at Ingo Money, sure has — a situation he says was brought about by the increasing use of Uber ...

Where Do We Go From Here? The GDPR Turns One Year Old

The EU General Data Protection Regulation (GDPR) completely changed how organizations, across every sector and industry, practiced and viewed compliance. The regulation was implemented to tighten up compliance globally, specifically to harmoni ...

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