As digital payments take hold, AI can fill tech voids
Payments Source
JUNE 24, 2019
AI can ease shortfalls in legacy processing and risk systems, contends Deep Labs' Michael Lynch.
Void Related Topics 
Shortcomings in School Curriculum has Left Financial Education ‘Void’ in the UK, Says ClearScore
The Fintech Times
AUGUST 21, 2024
Michelle Highman , CEO of The Money Charity Michelle Highman , chief executive of The Money Charity, commented: “A lack of financial education should not hold anyone in society back, which is why we work with schools, community groups and employers to help fill the void left by the curriculum.
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How Buyer-Supplier Relationships Endure A Trade Show Void
PYMNTS
MARCH 30, 2020
I think people will use this trade show void to get reengaged with outbound calling.” . “People will continue to use digital media and email targeting, but you’re always going to have to meet and talk with people.
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Can Virtual Cards Void Checks’ Feeble Future?
PYMNTS
SEPTEMBER 20, 2018
In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer?
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Miami Draws More Startups to Fill the LatAm Payments Void
Payments Source
OCTOBER 16, 2016
By any account, cash still reigns in Latin America. The World Bank estimates that just one in five in the region has a credit card, and most residents still lack access to a financial institution.
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Rho woos clients in bid to fill Brex’s small-biz void
Payments Dive
AUGUST 25, 2022
The business banking startup added an automated expense-management tool for its middle-market clients as the company angles to snatch its share of Brex's former clients.
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As WorldFirst’s U.S. exit nears, a market void opens up
Payments Source
FEBRUARY 12, 2019
It’s unusual for a seemingly healthy company’s website to implore its U.S. customers to seek out a competitor with less than a months’ notice, but cross-border payment processor WorldFirst has done just that.
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Sallie Mae seeks to fill CARD Act void with student credit cards
Payments Source
OCTOBER 10, 2019
In a move to tap into an underserved market opportunity — but with the potential for political backlash — Sallie Mae launched three different cash-back reward credit cards aimed at college students and young adults.
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Fintechs have ended the trickle-down era of payment innovation
Payments Source
OCTOBER 30, 2019
Consumers needed payment platforms that could handle internet payments, and startups quickly filled the void, says Chief Outsiders' Mark Coronna.
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Venezuelans rush to stash cash before biggest bill is voided
Payments Source
DECEMBER 13, 2016
Venezuelans were wearily rushing to deposit bank notes or dump their cash savings entirely on Monday following an announcement by President Nicolas Maduro that he was invalidating the country’s biggest bill because of what he says is an attack on the nation’s liquidity.
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Stripe Capital Extends Business Lending To Online Platforms
PYMNTS
DECEMBER 2, 2020
With traditional banks scaling back their lending to small businesses, Stripe is looking to step into that void, with rapid lending decisions based on data culled from a customer’s past performance on the platform.
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Top News In Payments: Zuckerberg Tells Congress Libra Fills A Void, PayPal Hits New Growth Milestone
PYMNTS
OCTOBER 24, 2019
Zuckerberg Tells Congress That Libra Fills A Global Payments Void. Facebook CEO Mark Zuckerberg went before the U.S. House Committee on Financial Services on Wednesday (Oct. 23), to both promote and defend proposed cryptocurrency Libra.
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A Novel Coating Turns Objects Into Black Voids — Here’s Why That’s A Big Deal
CB Insights
DECEMBER 13, 2017
This novel composition is important because it fools the eye into seeing essentially a void. Identified as the world’s darkest manmade material, the near-weightless, light absorbing substance is comprised of many millions of microscopic carbon tubes and makes anything it’s applied to appear as dark as a black hole.
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DNA Payments’ Pay at Reception, Pay at Counter and Pay at Table Now Available on Oracle Cloud Marketplace
Fintech Finance
AUGUST 22, 2024
Purchase, refund and void transactions. Automatically release authorisations if a guest wants to pay with a different card than the one provided at check-in. Complete sale transactions with the same card provided at check-in. Tokenised, secure transactions. After that, Oracle Simphony will manage token-based actions.
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98 Let's Not Repeat Failings of Pre-Durbin Age
Payments Source
SEPTEMBER 25, 2016
In 2010, lawmakers passed bipartisan reforms to bring transparency and competition to a debit card swipe fee market that had previously been void of both. Now, members of Congress want to undo that progress.
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Why DTC Is Critical To Filling Retail’s Plus-Size Void
PYMNTS
FEBRUARY 4, 2020
It’s labor intensive, she noted, but given the near complete void of good options in the mass market store and the proliferation of “non-sophisticated silhouettes and designs” that are the hallmark of the plus-size industry, it is also an excellent entry point to what is nearly a greenfield market.
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Why debit became the go-to for faster payments — for now
Payments Source
OCTOBER 12, 2017
And debit is filling the void. Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough.
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67 Virtual Reality Gains Traction In Retail
PYMNTS
SEPTEMBER 11, 2019
Location-based virtual reality (VR) startup The Void is partnering with mall operator Unibail-Rodamco-Westfield (URW) to open 25 new entertainment outposts in the U.S. People hear ‘VR’ and they think it’s a gimmick, it’s a fad, it’s not for me,” The Void Co-Founder and CFO Curtis Hickman said in the report. and Europe by 2022.
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Fed, Central Banks Frame Criteria For Digital Currency
PYMNTS
OCTOBER 9, 2020
He added that central banks have to be at the forefront of digital money to avoid the private sector filling the void. . “I don’t think this is a race between central banks,” Cunliffe said. Central banks started aggressively stepping up plans for an electronic currency after Facebook announced plans in 2019 for the stablecoin libra.
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Demand For Faster Payments Skyrockets
PYMNTS
MAY 22, 2020
real-time payments void has hurt commerce, too, as PYMNTS research finds that close to 39 percent of small to mid-sized businesses (SMBs) have reduced payrolls to help relieve cash flow stress, and nearly 30 percent simply went under.
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137 India’s demonetization is driving a mobile point of sale boom
Payments Source
APRIL 12, 2017
Companies that allow merchants to quickly set up card acceptance through mobile technology are rushing to fill a void in the Indian market following the country's dramatic shift in cash policy.
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60 Amazon Plans Whole Foods Expansions In Closed Sears Stores
PYMNTS
JANUARY 10, 2019
“There is lots of vacant retail space that they can take advantage of, and that gives them access to reasonable retail locations,” he said, “but I also think they want to secure good real estate deals by filling voids, and getting good rental levels from landlords.”.
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COVID Spawns Local SMB Loans, Mask Shortages And More Suburban Starbucks
PYMNTS
NOVEMBER 4, 2020
With federal COVID-19 stimulus programs dried up for the moment and talks to renew them stalled, local communities are looking to fill the void by providing loans to SMBs that have been slammed by the coronavirus.
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Indonesia’s Payfazz Raises $53M In New Round
PYMNTS
JULY 6, 2020
That void has drawn a number of new offerings. Indonesia has a huge economy and a population of about 268 million, but many of those people live in rural areas where traditional banking services are hard to come by.
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New US Businesses Up 12 Pct, Highest Since 2007
PYMNTS
SEPTEMBER 27, 2020
So the void needed to be filled for various things people need and want. The rate of permanent business closures shot up 14 percent between June 15 and July 10, with particularly heavy concentration around cities with strict lockdown orders. That was where new businesses came in. WSJ quotes Haviland, Kan.-based
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87 Zuckerberg Tells Congress That Libra Fills A Global Payments Void
PYMNTS
OCTOBER 23, 2019
It may be a bit ironic that the halls of Congress are known, colloquially, as the Hill. It’s an upward climb, after all, for Facebook — specifically for Libra. On Wednesday (Oct. 23), Facebook Chairman Mark Zuckerberg appeared before the U.S.
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PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma)
PYMNTS
NOVEMBER 30, 2020
Gouldman said large companies will also have to come on board to force the embrace of crypto — and if they hesitate, FinTechs will step up and fill the void. Governments and central banks will be the final hurdle. “I I think that changes the game when the government accepts [crypto],” he said. Privacy And Security.
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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million
PYMNTS
JANUARY 6, 2021
Oppo and Vivo are vying to secure components for their devices, hoping to fill a void as Huawei’s mobile business shrinks under the weight of U.S. “We will continue making capital expenditure to keep up with the growing demand.”. Apple, Samsung Electronics Co. and Chinese rivals Xiaomi Corp.,
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Square Names Blizzard Entertainment Executive As Next CFO
PYMNTS
JANUARY 4, 2019
Analysts were concerned that her departure would leave a big void and that it would be hard to find a replacement of her caliber. She helped steer Square through its initial public offering and played a critical role in helping the company build up its mobile services.
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The Rise and Fall of BNPL: Is the Due Date Near for ‘Pay Later’ Services?
Fintech News
MARCH 18, 2024
Within a year, Atome ceased its Vietnam operations , and local BNPL Ree-pay did not manage to bridge the void left by Atome as its offerings are inaccessible on numerous Vietnamese e-commerce platforms. In May 2023, Trasy Lou Walsh, Atome’s regional general manager, resigned to become a co-founder and CEO at Fluid , a B2B payment firm.
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U.S. Legislators To Figure Out Autonomous Car Laws
PYMNTS
FEBRUARY 7, 2020
One concern about impending legislation is that it would make lawsuits against self-driving cars null and void. Gary Shapiro is the head of the Consumer Technology Association, and he’ll also be in attendance, as will the director of transportation at the San Francisco Municipal Transportation Agency, Jeff Tumlin.
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Unattended Retail: Future Of Fast Food Shown At Singapore Airport Food Court
PYMNTS
OCTOBER 31, 2016
With the need for simple manpower but not the people to do it, this automation via unattended retail fills a void. Singapore faces a quickly aging population, lower fertility rates and lower economic growth. And the government knows that. billion, five-year transformation plan to rework and improve the workforce.
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Airbnb Tops $1B In Q3 Revenue
PYMNTS
NOVEMBER 18, 2018
That was when Laurence Tosi left, raising questions about whether there would be a void in leadership to take Airbnb public. The strong quarter comes even as Airbnb hasn’t had a chief financial officer since February. Tosi was well respected on Wall Street, reported CNBC.
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Luxury Market Retailer Farfetch Gets $397M Infusion
PYMNTS
JUNE 23, 2017
While traveling the world to find the chicest ensemble may become an onerous task, eCommerce has naturally stepped up to fill that void. Luxury market high-end fashion finds are typically reserved for the ultra elite. One company that’s helping to move the luxury market forward is online retailer Farfetch.
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Report: Skillz Takes Bowling Online — And Strikes Out Bad Actors
PYMNTS
AUGUST 5, 2020
Consumers are continuing to try out online gaming platforms thanks to the entertainment void created by the ongoing pandemic, but this surge in interest from legitimate consumers has also caught the attention of fraudsters. Deep Dive: Guarding Gaming Platforms Against Online Fraud.
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Post-Toys R Us, Retailers Vie For Experiential Toy Shoppers
PYMNTS
DECEMBER 11, 2018
Beyond the Big Apple, major retailers are stepping in to fill the void left by Toys R Us. The void left behind by Toys R Us, then, at least from a brick-and-mortar standpoint, could be far from completely filled. Retailers Step up Toy Selection.
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66 Amazon Copies Sears, Publishes Holiday Toy Catalog
PYMNTS
NOVEMBER 7, 2018
There were rumors back in July that Amazon was looking to step in to fill the void Toys R Us left and print a holiday catalog of its own. “Amazon is excited to offer a new way for customers to shop for toys this holiday season,” Amazon said in a statement, according to CNBC.
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Back Office Is Front And Center In Optimization Wave
PYMNTS
NOVEMBER 11, 2020
Into that void steps artificial intelligence (AI)-powered liquidity management systems. As the Playbook observes , these are “similar to automated inventory systems in that they can predict when cash will be necessary to have on hand and in what amounts.
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EBizCharge Announces Certified Partnership with BigCommerce
EBizCharge
DECEMBER 10, 2024
Merchants can also manage payment methods on behalf of their customers and run sales, pre-auths, captures, refunds, and voids. The EBizCharge for BigCommerce integration works harmoniously with the BigCommerce platform to allow secure and cost-effective payment processing for merchants and their customers.
Deep Dive: How 2020 Shaped The Future Of Digital-First Banking
PYMNTS
DECEMBER 30, 2020
Filling this void is digital banking, which has seen unprecedented levels of adoption as customers look to carry on their financial activities without leaving their homes. Some experts project that more than 20,000 branches could even shut their doors for good by the end of the pandemic. .
Fear Climbs That Small Banks Are Taking On Too Much CRE Loan Risk
PYMNTS
OCTOBER 21, 2018
With big banks reining in commercial real estate loans, small banks have moved to fill the void as a way to expand. The Financial Times, citing analysts, reported Bank OZK has $22 billion in assets, with half coming from commercial real estate and multi-family real estate loans. But Bank OZK isn’t alone.
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The Vibrant Growth of Fintech in Spain
Fintech Review
MAY 14, 2024
Their ability to leverage cutting-edge technology to provide user-friendly and accessible financial services has not only filled the void left by traditional banks but also set new standards for the industry.
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111 VR Startups Create Entertainment Locations In Old Retail Space
PYMNTS
MAY 1, 2017
The Void, another VR entertainment company has a VR park in Lindon, Utah which combines a physical set with VR film experiences. billion has the ability to make a bigger impact on the VR world than the two startups Virtualities and The Void. The company is also gearing up to install five VR movie theaters in the U.S.,
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Popeyes Creates Beyonce-Inspired Fashions Based On Its Uniforms
PYMNTS
JANUARY 29, 2020
The fast-food chain, famous for its sold-out chicken sandwich, jumped on the opportunity to fill the fashion void. When Beyonce’s line dropped and immediately sold out, the Twitterverse immediately took notice that her clothing design had a striking resemblance to Popeyes’ uniforms.
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