Paper check relief payments could pose problems for recipients, Revolut rolls out kid’s banking app, Baidu hits new AI milestone

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

March 18, 2020

'In An Instant' Series

Paper Checks, COVID-19 And The Flaw With Analog Relief Payments

It looks like the government will likely be sending money to Americans in the next few weeks to help blunt the financial impact of coronavirus pandemic. But Ingo Money CEO Drew Edwards told Karen Webster that if those payments are made by paper checks, that intended gain could cause a lot of pain for those who need the money the most — and in an instant. Here’s why.

 

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Artificial Intelligence

Baidu: AI Exceeds Human Natural Language Comprehension And Open Source Could Make It Even Better

Baidu’s artificial intelligence system recently achieved the highest score ever for natural language comprehension — beating even what the average human scores. But Julia Li, director at Baidu Research Institute USA, told Karen Webster that as good as that is, collaboration among other platforms and researchers via open source can make it even better. Here are the details.

 

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Mobile Card Apps

Why Mobile Card Apps Must Be More Than 'A Nice Little Tool' For FIs

A new study by PYMNTS and Ondot Systems finds that nearly half of consumers would be at least somewhat likely to use Amazon, Apple or Google for banking if they got into that business. Ondot CEO Vaduvur Bharghavan tells PYMNTS that’s a clear message for financial institutions (FIs): your app isn’t just a nice little tool to offer customers, but the key to your very survival.

 

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PODCAST: Payments Monetization

Taking A 360 Degree View Of Payments Monetization

Software firms and marketplaces can monetize payments if they take a holistic view of merchants’ needs. That’s only possible, Christopher Connor, chief client officer at Payrix, tells PYMNTS, if the right data is ready in real time to assess risk and prioritize opportunities.

 

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Next-Gen AP Automation Tracker™

Why Cloud-Based Accounts Payable Is Make Or Break

Businesses interested in expanding globally must not only juggle outgoing payments to vendors, but also cater to individual complex payment agreements. Legacy accounts payable (AP) systems, make that hard, Dan Miller, senior vice president at financial software provider Sage Intacct told PYMNTS. In the latest Next-Gen AP Automation Tracker, Miller explains why cloud-based AP is make or break.

 

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