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November 11, 2020

Worldpay Global B2B Payments Tracker

Joor Brings Global B2B Payments To The Fashion Runway

International fashion shows have by and large disappeared over the past eight months, leaving fashion retailers scrambling to move in-person business digital. But success hinges on digitizing payments between fashion labels and wholesalers, CEO Kristin Savilia of fashion wholesale-management platform Joor tells PYMNTS in the inaugural edition of the Global B2B Payments Playbook.

 

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Merchant Surcharging

COVID-19 Could Push Merchant Surcharging To The Mainstream

Merchants’ rights to assess card-surcharge fees have been fraught with inconsistent regulations and competitive pressures, but a new platform could re-enable that capability. Payroc CEO Jim Oberman tells PYMNTS that the current economic climate could give surcharges new traction.

 

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Contextual Commerce

Merchants Embrace Text To Buy As ‘Conversational Commerce’ Alternative

Main Street retailers are embracing ‘conversational commerce’ as consumers transact and communicate on their mobile devices, according to Chase Petrey, vice president and general manager of payments at Podium, a customer-messaging and interaction-management platform. Petrey tells PYMNTS that embedded payments – and now, chargeback protections – can help merchants make sales and cement relationships with consumers one text at a time.

 

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 eCommerce Fraud 

The eCommerce Fraud/Friction Fight

This holiday-shopping season will give merchants an opportunity to capture an exploding wave of digital spend — but will also present the challenge of fighting fraud without adding friction for legitimate shoppers. Vik Dhawan, Kount’s vice president of products, tells PYMNTS. AI can help.  

 

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Virtual Cards 

Virtual Cards Ride Pandemic’s Tailwinds To Create Decentralized Spend Management 

Businesses are getting ready to ditch the plastic card, as they pivot digital, Stuart Davenport, chief innovation officer at Conferma Pay, tells PYMNTS. Innovations in consumer payments are creating tailwinds for the digitization of commercial payments as well — not to mention the adoption of virtual cards.

 

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Accelerating The Real-Time Payments Demand Curve Report

New Data: Real-Time Payments Become A Make-Or-Break Reality For Banks

More than 70 percent of consumers who have used real-time payments are very interested in using them again. A lack of access to such faster payment capabilities has, in fact, become a deal-breaker for nearly one-quarter of consumers. In the Accelerating The Real-Time Payments Demand Curve Report, PYMNTS surveyed more than 2,000 U.S. consumers to learn why a sizable share would be willing to pay fees — or even switch financial institutions (FIs) — to access real-time payments.

 

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