| Fiserv says First Data merger on track, Visa says AI demands layered approach, making adventure travel payments less adventurous | | | Visa EVP Of Tech: AI Demands A Narrow, Layered Approach AI wonât spur a robot uprising, and it doesnât mean computers will think for themselves â at least not yet. But AI does have the potential, near term, to change some everyday activities â including payments. Rajat Taneja, EVP of technology and operations at Visa, tells Karen Webster why AI deployment (in the real world) must be narrow and layered. |
| Making Adventure Travel Payments Less Adventurous Booking an exotic or adventurous travel experience used to be a complex consumer hassle that required expert assistance. These days, according to Flywire CEO Mike Massaro, due to the power of digital aggregation, itâs easy to build a platform to connect consumers to whatever experience they want, no matter how niche. That's the opportunity. The challenge is building the payments infrastructure that makes it all possible. |
| Post-Merger, NXGEN And Payscape Eye SMBsâ Digital Shifts After the dust settles from the merger, NXGEN and Payscape intend to expand their global reach and better serve small and middle-market merchants â the new company will process more than $10 billion in payments annually. Adam Bloomston, CEO of Payscape, and Thomas Nitopi, CEO and founder of NXGEN, speak with PYMNTS about their vision for payments and related services, how the deal could lead to reduced payments friction â and whatâs coming next. |
| | Payables Friction Index™ | | Why AP Innovation Stalls An astounding number of firms (43.8 pct) still receive invoices using a technology that is 176 years old: fax machines. Even more get invoices via snail mail. So why are businesses drawing the short straw on innovations like eInvoicing and automated payables? For the new Payables Friction Index, PYMNTS surveyed 2,570 firms and outlined over 200 data points on their AP practices and most significant barriers to innovation. Here are the results. |
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