JPMC to shutter branches, Square gets banking license, How ecosystems drive cross border B2B payments innovation

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March 19, 2020

The Connected Economy

The Light At The End Of The COVID-19 Tunnel

The COVID-19 pandemic has forced a number of analog businesses online in a hurry and, in its wake, has shined a big bright light on how inconsistent the delivery of these new digital services can be, and where opportunities for innovation can smooth those rough edges. That’s why Paul Purcell, Partner at Continental Advisors, says that although a short-term recession is likely a foregone conclusion, we may all end up getting back to a better version of normal sooner than many people may think.

 

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X-Border B2B Payments

Innovating Cross Border B2B Payments: It Takes An Ecosystem

Getting U.S. companies to switch to electronic B2B payments is tough enough, but adoption problems only grow when you add in cross-border transactions. “It’s an area that’s ripe for disruption. There’s just so much inefficiency,” Jim McCarthy of the payments-technology firm i2c tells Karen Webster. Here’s where McCarthy sees the industry heading.

 

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Real-Time Payments

Helping FIs Over Real-Time Payments Tech Infrastructure Hurdles

Settling payments in three days won’t cut it in a world that’s all about right now, forcing financial institutions (FIs) to re-examine and overhaul their tech infrastructure and processes. In an interview with PYMNTS, SmartStream’s Vincent Kilcoyne, EVP product management, and Roland Brandli, SVP of payment programs, detail the challenges facing FIs that want to embrace cross border payments — and how artificial intelligence (AI) and automated processes can help.

 

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Economic Stimulus

COVID-19 Relief 101:  What’s Passed Already, What’s Up For Debate And What’s Next

You can’t keep score without a scorecard and here’s your COVID-19 relief bill tally of what Congress has passed, what’s still awaiting the President’s signature, and what’s still working its way through Congress.

 

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Gig Economy Tracker™

Putting The Move On The Moving Industry’s Gig Worker’s Pay

Attracting gig workers in a hot industry requires giving them on-demand payments. In fact, one survey finds that 85 percent of gig workers would take on more jobs if they were paid faster. In our latest Gig Economy Tracker, CEO Luke Marklin of moving platform Bellhops explains why enabling seamless, mobile access to wages is critical to winning gig workers’ loyalty.

 

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