| PayPalâs Magats: 2021 Is The Year Of Three-Dimensional Commerce A look back at the 2020 Holiday shopping season shows the expected consumer shift to the digital-first economy. But as PayPal Senior Vice President of Omni Payments Jim Magats told Karen Webster in a recent conversation, that shift also previews whatâs to come in 2021: commerce as a three-dimensional experience with digital no longer an option. |
| 2021 Main Street SMB Survivor Study |
| NEW DATA: Digital Lessons From Main Streetâs 2021 SMB Survivors More than half of the SMBs with shops still operating on Main Street USA have turned to digital platforms for sales, and more than a third adjusted their product offers and sharpened back office operations. In the 2021 Main Street Business Survivor Study, PYMNTS surveyed 555 U.S. Main Street SMBs â and tracked more than 6,500 overall since March of 2020 â to profile the Main Street SMBs ready to reap the benefits of 2021âs recovery. |
| TD Bank Takes Real-Time Approach To ID Verification Many banks are still tackling key onboarding tasks in person â even though todayâs digital-minded consumers find cumbersome, manual account sign-ups unacceptable. But smart identification processes that leverage biometrics can simplify ID verification and help banks identify customers in real time, Angel Kadelski, head of U.S. mobile banking platforms for TD Bank, says in the latest Digital Identity Tracker. |
| Physical Merchants Get Assist In Riding BNPL Wave SMBs have historically had a tough time embracing payments technology. But as Wisetack CEO Bobby Tzekin told PYMNTS, application programming interface-based (API) technology can make it easy for them to create and launch a BNPL offering for their customers with minimal friction. |
| MoneyLion CEO: SPAC Route Offers FinTechs ‘Degrees of Freedom’ With billions of dollars raised, SPACs have been grabbing their fair share of headlines. Dee Choubey, CEO of FinTech MoneyLion, tells PYMNTS that raising funds through the public markets in this manner gives the company “more degrees of freedom” than might be found with traditional, private market activities. |
| | KLW Commentary | | Digital Intermediaries Threaten The Payments Status Quo Digital first is disrupting pretty much every industry and has the potential to upend traditional firms â even the traditional payments industry, Karen Webster says. New tech, new payments options and the rise of real time could disrupt existing profit pools as digital intermediaries strengthen their consumer and merchant networks. Scale in a digital world happens a lot faster than it did when there was only physical. |
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