Consumer FICO scores soar, Visa takes stake in Global Processing Services, Saving Main Street from its downward pandemic spiral

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October 19, 2020

PYMNTS TV B2B Payments 2021

2021: The Year Business Payments Go Digital And Lose The Paper Check

Some 40 percent of businesses still use paper checks and the mail to deliver payments, but that’s changing since no one’s in many offices to print checks out or drop them in the mail. David Disque, president at CSI, tells Karen Webster that means 2021 will be a big year for moving payments to digitized, cloud-based systems.

 

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Monday Conversation

Cedar CEO: Paper Forms And ‘Clunky’ Medical Bills Won’t Exist In 2025

The U.S. healthcare industry is the only sector where consumers can’t get a price estimate in advance, must wait 90 minutes to see someone, get a bill they can’t understand and yet still pay what they’re charged. But Florian Otto, co-founder and CEO of healthcare financial-engagement platform Cedar, tells Karen Webster that consumers won’t put up with that for much longer.

 

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PYMNTS TV: Loyalty and Rewards

Turning Loyalty Points Into Digital Currency For Latin American Consumers

Card-reward points often sit unused and even forgotten by consumers. But Visa and novae have created a new app that lets Latin American consumers convert all of those miles, points and cash-back rewards into digital currency they can spend anywhere. Ruben Salazar, Visa’s senior vice president and head of product and solutions for Latin America and the Caribbean, and Sergio Arana, novae’s founder and CEO, tell PYMNTS why that’s good for consumers … and issuers.

 

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Retail Reinvention

Why Amazon Created A Separate Brand For Designer Fashion

Online retailers often want to emulate Amazon’s mass-market efficiencies, but Zornitza Stefanova, founder and CEO of global luxury-shopping platform BSPK, tells PYMNTS that doesn’t work with high-end goods. That’s why Amazon recently launched a separate Amazon Luxury Stores initiative – and why BSPK recently raised $7 million in funding. 

 

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How We Will Pay 2020

Millennials Will Lead The Voice Commerce Revolution

Consumers of all ages have radically shifted their shopping habits due to the pandemic, but the new How We Will Shop 2020 study finds that some of the biggest changes have come from the 32- to 42-year-old ‘bridge millennials,’ who like digital and digital-first shopping experiences for the convenience almost as much as for the COVID-19 safety. It’s also why using voice assistants is right up their alley.

 

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KLW Commentary

Saving Main Street From Its Downward Pandemic Spiral

Main Street businesses used to worry about regaining the sales they lost during the pandemic. Today, with the pandemic still raging, Karen Webster says, they’re worried about how Main Street will ever get its vibe back. As more stores and restaurants close and few takers set up shop in those empty storefronts, consumers stop coming to shop and dine. That leaves the businesses still standing fighting hard to regain the foot traffic that creates the hustle and bustle that gets the crowds back.

 

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