Amazon SMB sellers rake in $3.5B on Prime Day, Stripe to buy African payments processor, Americans struggle as savings shrink

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October 16, 2020

PYMNTS TV B2B Payments 2021

Billtrust CEO: B2B Buyers Ignore Suppliers’ Payments Preferences At Their Peril

B2B buyers want to take their time paying, but suppliers want to get paid quickly. In between lies inefficiency — namely, the paper-based ways in which business payments still often occur. CEO Flint Lane of Billtrust tells Karen Webster that this buyer/supplier dynamic is changing for the better, although pain points remain. Getting rid of that pain? Step 1: Get rid of the checks.

 

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Preventing Financial Crimes Playbook

Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. In this month’s Preventing Financial Crime Playbook, Armistead explains how artificial intelligence (AI) can offer a bird's eye view of suspicious transactions and stop fraudsters from exploiting legitimate customer vulnerabilities.

 

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Gig Economy Benefits

Mastercard: New Stride Partnership Is Just ‘First Step’ In Helping Gig Workers Get Benefits

Mastercard has teamed with portable-benefits platform Stride to make it easier for gig workers to buy healthcare coverage. Jess Turner, Mastercard’s executive vice president for North America Products and Innovation, tells PYMNTS the venture is just one part of the firm’s push to help gig workers get benefits.

 

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Online Payments 

Payments Orchestration No Longer A ‘Nice To Have’ For Online Platforms

The pandemic is accelerating the great migration of merchants to online channels, and particularly to online platforms. In an interview with PYMNTS, Daniel Wideman, vice president of product at Spreedly, said that platforms, payments orchestration and smart routing of transactions are becoming ‘must haves’ in an online world – and improving conversion rates, too 

 

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Real Time Payments   

Why 2021 Will Be Real-Time Payments Break-Out Year

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct model. Here’s why. 

 

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Direct To Consumer

The Direct-To-Consumer Challenge: Converting One-Time Buyers Into Repeat Customers

The digital-first shift means there are more options for smaller, direct-to-consumer brands, to find first-time customers from around the country or even the world. But Sticky.io CEO Brian Bogosian tells Karen Webster that the rubber meets the road when it comes time to convert those first-time buyers into loyal, repeat customers. Here’s how some really creative D2C brands are using new tech to do that.

 

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