| Uber’s scandals and losses grow, Fevo gives split the ticket a makeover, Inside Transaction Laundering, Inc. | | | PYMNTS Global Cash Index⢠|
| NEW STUDY: Can Cash Keep Its £70 Billion UK Crown?
British banknotes are practically royalty. According to research in the new PYMNTS Global Cash Index⢠U.K. Analysis, physical currency is still king (and queen) of payments. And, in the land of contactless payments, its overall use is even climbing. Victoria Cleland, director of banknotes for the Bank of England, tells PYMNTS> that growth is powered by popularity among consumers and easy access to ATMs. Find more, including 325 data points on cash in the U.K., inside the Index. Read More... |
| Lather. Rinse. Do Not Repeat. Inside Transaction Laundering, Inc.
The business of using legit storefronts to mask illegal commerce is a business, according to G2 Chief Product Officer Dan Frechtling. As in having profit goals, customer acquisition and lead conversion strategies, and using operational efficiencies and receivables management to run them. Knowing that, means that they can be found and stopped, Frechtling told Karen Webster in a digital discussion that gave banks and acquirers a handbook for how to do just that.
Read More... |
| Fevo CEO: Why Split The Ticket Needed A Makeover
Turns out that friends who book together but pay separately stay friends â and drive big returns to events and/or venues with inventory theyâd like to sell them. Turning âsplit the checkâ into âbuy with friends,â Fevo CEO Ari Daie told Karen Webster, increases the average number of tickets sold, and gives those with tickets to sell or room blocks to fill the chance to acquire and reward those groups with special deals and offers. Read More... |
| | FI Innovation Readiness | | NEW INSIGHT: How Budget-Conscious Banks Can Smarten Up Security
The motto for banks turning to artificial intelligence (AI) and machine learning to foil fraud is "Work smarter, not harder." In the latest PYMNTS Digital Banking Trackerâ¢, a Feedzai collaboration, Shazia Manus, chief product and strategy officer of CO-OP Financial Services, explains why smart is hot and how even small FIs can get some AI action. Also, find the latest headlines on how digital savvy banks are emphasizing personal touches â from human-esque conversational AI to a family-focused remittance app â and more. Plus, a scorecard of more than 200 industry players, all inside the Tracker. Read More... |
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