| Corporate travel sector to take $820B hit, Interest rates to pinch alt lenders and digital banks, Western Union CEO on digitizing cash | | | Global Payments: Taking A Personalized Approach To Fighting Fraud Knowing what fraud risks challenge a merchant sector in the U.S. is not enough to safeguard that sector in other markets â and that could hurt payments processors operating on a global scale. Different social norms and customer-merchant expectations impact what fraud looks like in a given region, explains Dan Sketcher, head of product for Global Payments' AU/NZ region. In this monthâs AML/KYC Tracker, Sketcher discusses why global fraud fighting requires a more local, personalized approach. |
| Interest Rates To Pinch Alt Lenders And Digital Banks The coronavirus is wreaking havoc on stocks, and especially on interest rates and yields. Banks will feel the pinch, yes, but traditional (diversified) lenders have been here before, in a way. But where financial institutions (FIs) feel a pinch, might digital banks and alt-lenders feel a sting? We think so. |
| Making Invisible Payments More Than A Buzzword The Uber experience became synonymous with an âinvisible paymentsâ experience â and merchants have spent the better part of the last decade trying to replicate that for their customers. Matt Good, senior vice president and general manager of Elan, tells PYMNTS why merchants must now spend the better part of the next decade making it a reality. |
| Merchants, PayFacs And Monetizing Payments Flows Digital marketplaces and software firms can find ways to monetize payments as they serve merchant clients. Christopher Connor, chief client officer at Payrix, tells PYMNTS that nimble technology can support the smallest startup all the way up to the largest and most sophisticated enterprise-focused PayFac. Here’s what needs to be in place. |
| | CEO Masterclass | | Western Union CEO On Solving For The Future Of Global, Inclusive Financial Services It can be a challenge for an almost 170-year-old global payments firm to turn headlines in a space dominated by FinTechs and Big Techs eager to make waves on a global stage. But as Western Union CEO Hikmet Ersek told Karen Webster, Western Union has opened its platform to enable some of those very same players to reach the billions of consumer end points that is the heart and soul of its vast global network. Ersek said that itâs all part of the firmâs massive investment in digitization so that everyone, everywhere in the world, can access financial services. |
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