| Visa's Former Innovation Chief, Jim McCarthy, To Begin Position As President At i2c Itâs official. Today, Visaâs former global innovation chief, Jim McCarthy will assume the role of president of i2C. McCarthy talked to Karen Webster about what prompted the move and his vision to close "the great innovation gap" plaguing the issuing part of the payments ecosystem. Hereâs what he said in this exclusive interview. |
| Mastercard: Using AI To Cure Healthcareâs $240B Fraud, Waste And Abuse Problem Healthcare is a $3.5 trillion industry that every American is intimately connected to. Itâs also a sector losing $240 billion a year to waste, abuse and fraud, Mastercard's Vice President-Healthcare, Cyber & Intelligence Beth Griffin told Karen Webster in a recent conversation. Hereâs how she says artificial intelligence (AI) can help insurers get in front of that $240B fraud and abuse wave. |
| What It Will Take To Really Kill The Check? Checks are expensive, subject to fraud, and can be an anchor on any business using them. They are also, OnPay Founder and Chief Operating Officer Julie Negrete-Anderson told PYMNTS, easy to understand, easy to use and effective even if slow. Thatâs why killing them, she said, will take more than a great tech solution. |
| DATA: How FI’s Innovation Gap Is Big Tech’s Big Opportunity Jeff Bezos is famous for coining the phrase “your margin is my opportunity.” Could financial institutions' (FIs') innovation gap be Big Tech’s big opportunity to disrupt? It could be. PYMNTS data shows two things: There are a lot of Big Tech and FinTech players looking for a financial services entry point, and a growing number of consumers ready to give them one. |
| | KLW Commentary | | How The Digital World Will Soften The Blow Of The Coronavirus Today, the world is facing a global pandemic and economic unraveling from a virus thatâs said to be twice as contagious as the flu and for which there is no cure or vaccine. Some now question how global and connected the world should be. Karen Webster said thatâs wrong for many reasons â mostly because itâs the connected, digital economy thatâs helping enterprises, their workers and the people they serve to continue to interact and do business even as the virus continues to spread. |
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