Wirecard CEO arrested, Visa hits 1 billion token milestone, Apple lets developers challenge app store rules

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June 23, 2020

Tokenization

Visa On Its 1 Billion Token Milestone — And What Lies Ahead

Visa has crossed a key milestone — 1 billion tokens issued since the company released the first one in 2014. Ansar Ansari, Visa’s senior vice president of product, digital solutions; and Alan Johnson, vice president of product, digital solutions; tell Karen Webster why Visa’s approach to tokenization goes beyond securing credentials on file at merchants and streamlining guest checkout. Here’s their long-term road map.

 

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PODCAST: Accounts Payable

OnPay: Why It’s Time For AP Teams To Stop Talking And Start Transforming

While accounts-payable teams continue to discuss the importance of digitization, many continue to ultimately stick to paper and avoid the costs of a digital overhaul. But an AP paradigm shift doesn’t have to be massively disruptive or be expensive, says Julie Negrete-Anderson, OnPay Solutions’ founder and chief operating officer. She tells Karen Webster AP teams can no longer afford not to take action in their modernization initiatives.

 

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SMB’s Road To Recovery

Inside Visa’s Plans To Get 50 Million SMBs Back On Track

Suzan Kereere, Visa’s head of merchant sales and acquiring, tells Karen Webster that the global economic recovery won’t happen unless it happens for small business. That’s why, she said, Visa is rolling out a range of initiatives – from 'Street Teams' to Resource Hubs to help 50 million SMBs worldwide get back on their feet. Kereere takes Webster inside Visa’s plans to bring SMBs into a digital-first world.

 

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Virtual Roundtable

Digesting The Payments Modernization ‘Elephant’ — Bite By Byte

Financial institutions grappling with a growing tsunami of digital payments must modernize their infrastructure and back-end processes, say Vincent Caldeira, chief technologist, FSI, APAC at Red Hat; and Mick Fennell, head of payments at Temenos. In a virtual roundtable discussion with Karen Webster, the pair discuss how payments as a service can pay dividends in terms of top line while creating returns on investment — and prepping them for the major regulatory and standards migrations that are on the horizon.

 

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Direct To Consumer Jewelry

Kinn Studios Finds Its DTC Jewelry Legacy The Hard Way

The theft of her family’s heirloom jewelry is what drove Kinn Studios founder Jennie Yoon to start her own jewelry business. Then, Yoon tells PYMNTS she made it her calling to provide consumers with fine jewelry that can serve as a key to their own family legacies. Here’s her story.

 

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Credit Union Innovation Playbook

NEW DATA: How Credit Unions Are Innovating To Help Micro Businesses

Thirty-six percent of credit unions say micro businesses form a ‘very important’ or ‘extremely important’ part of their member bases, according to the PYMNTS latest survey on Credit Union innovation. In the Credit Union Innovation Playbook: Microbusiness Opportunity Edition, PYMNTS surveyed 100 credit-union executives to learn the five key innovations CUs must implement to best serve their micro-business members. Here’s what they are.

 

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