Ripple CEO eyes London HQ, Chase QuickAccept first step to SMB ecosystem, Ahold says online grocery sales will retreat post-COVID

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October 26, 2020

PYMNTS TV B2B Payments 2021

Bain Capital’s Matt Harris On Why 2020 Is B2B Payments’ Breakout Year

Winners continue to emerge from the pandemic’s disruption. Bain Capital Ventures partner Matt Harris tells Karen Webster that for this year and next, commercial payments will be a good example of the acceleration of that disruption — specifically for B2B payments. Here’s why.

 

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Monday Conversation: SMB

Chase’s Neukirchen: QuickAccept First Step To Building SMB Ecosystem

QuickAccept, Chase’s newest small-business offering, is a payment-acceptance solution that aims to go well beyond the payment itself, Max Neukirchen, the bank’s CEO of Merchant Services, tells Karen Webster. He says SMBs demand a suite of holistic, integrated financial services, and J.P. Morgan Chase is obliging by creating an ecosystem built on the company’s WePay acquisition — including instant access to funds.

 

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Pandemonics

Ahold CIO: Online Sales Way Up; Will Retreat Post-COVID

Ahold Delhaize, one of the world’s largest supermarket chains, has seen its eCommerce business spike during the pandemic. But Chief Information Officer Ben Wishart tells Karen Webster that he sees the increase partly settling back down once the pandemic ebbs, as many consumers still like shopping for groceries in brick-and-mortar stores.

 

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Instant Payments

Tipping Goes Digital; Why Restaurants And Their Staffs Want It

The pandemic has forced changes in almost every aspect of the restaurant business, including tipping. Kickfin CEO Brian Hassan, Reed Daniels, CEO of pizza chain Red’s Savoy, and Ingo Money CEO Drew Edwards tell PYMNTS that the opportunity to make changes has never been better.

 

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VC Investing

Rocketship Remakes Early Stage Venture Investing

Most VC firms claim that their investment decisions are data-driven, but Rocketship Ventures takes that literally. Co-founder Sailesh Ramakrishnan tells Karen Webster how algorithms help them pick the right early-stage firms to invest in — and how data can shift the balance of power away from VCs toward start-ups that have truly innovative ideas.  

 

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KLW Commentary

How Customers Fall Through The Cracks Of Digital Platforms

As digital platforms decide what to do themselves, what to delegate to others and what businesses to fold in, they should make sure their customers get the right answers to two key questions: 'Whose customer am I?' and 'Who’s taking care of me?' Karen Webster says that even though the right answers should be 'You are mine' and 'I’ll look out for you,' it’s not always that clear. Here’s why, and what happens when it isn’t.

 

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