| PYMNTS Subscription Commerce Conversion Index |
| NEW DATA: Subscription Commerce Top Performers
No subscription services are made alike â but the top performers do share some common traits. According to the latest Subscription Commerce Conversion Index, a Recurly collaboration, 100 percent of the top merchants all do three things, but miss on two others that could eliminate the friction businesses that consumers face when engaging with them. Care to hazard a guess on which side passwords fall? Find those details, plus an interview with CEO and founder Matt Fiedler at music subscription service Vinyl Me, Please on how the company has used subscriptions to turn a niche market into loyal subscribers.
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| Trade Finance Awaits A Boost From FinTech
There is a whopping $1.5 trillion gap in trade finance availability that disproportionately affects SMBs. While it's concentrated in Asia, rising protectionism in markets like the U.K. are also squeezing small firms' export-import initiative. Research shows that so far, FinTech hasn't made an impact on the trade finance gap, but new analysis from Euromoney suggests technologies like blockchain are on their way to get the money â and trade â flowing again.
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| | T&E | | AI: Expense Fraudâs New BFF
Payments tech has made it easier for employees to spend company money, but the data from those tools has also make it easier to identify instances of expense fraud. Tools like artificial intelligence reduce the number of man hours necessary to analyze employee spending habits, but it hasn't entirely taken the human element out of expense fraud management. Patrick Taylor, CEO of Oversight Systems, tells PYMNTS that sophisticated data analytics tools can identify the fraud, but it takes a change in employee behavior to stop it from happening again. Read More... |
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