| How AI Helps Visa âStep Inâ (Smartly) When Issuers Go Offline When one part of a payments ecosystem goes offline, transactions canât be completed. Visa announced today that its Smarter Stand-In Processing (Smarter STIP) leverages artificial intelligence (AI) to help the network act as 'backup' processor to accept or decline authorizations when issuers go offline. Gourab Basu, vice president of global network processing at Visa, tells PYMNTS how deep learning keeps card (and card not present) transactions flowing. |
| Credit Unions Help Microbusinesses Go Digital To Stay Afloat The pandemic-related downturn is threatening microbusinessesâ very survival, with many turning to credit unions to seek assistance, says Andrea Mosher, senior vice president of lending at Lake Trust Credit Union. In the latest Credit Union Tracker, Mosher explains how remote check capture and digital payroll processing helps accelerate access to funds faster. |
| B2Bâs Digital Transformation |
| The Digital Transformation Of Buyer/Supplier Dynamics â Beyond The Payment Digital is transforming how invoices are generated and payments are made, but Dr. Stefan Wuyts, Smeal College of Business, Penn State University, tells Karen Webster that really transforming how buyers and suppliers do business must start well before thereâs even the prospect of a deal. Wuyts tells Webster that in the face of a pandemic, using digital tools to discover products and build trust is what many of the corporates he talks to are investing in to build a competitive advantage. |
| Making The Business Case For Employer-Sponsored Financial-Wellness Tools COVID-19 has boosted the adoption of electronic pay, and Jeff Gies, ADP’s future of pay vice president, says workers increasingly expect wellness tools ranging from 401(k) planning to instant access to pay — and companies that don't provide them risk losing good employees to those that do. Here’s what a well-designed program looks like. |
| Why The Smart Payments Money Is On Gateway Diversification Exposure to a single point path can lead to shopping-cart abandonment, but ‘gateway diversification’can allow for intelligent routing of payments instead. Meredith Tomblin, head of business analytics at Spreedly, tells PYMNTS why gateway diversification should be part of smart payments orchestration. |
| | FI’s Guide To Modernizing Digital Payments | | Truist CIO: Overcoming The Roadblocks To Faster Payments COVID-19 has accelerated the need for financial institutions (FIs) to quickly deploy faster payments across a variety of use cases, from loan disbursements to stimulus payments, says Bryce Elliott, chief information officer at Truist Bank. In this monthâs FIâs Guide To Modernizing Digital Payments, Elliott offers new insight on how FIs can move faster to their faster payments future. |
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