Fed takes the wraps off FedNow, China currency slide pummels big tech, How platform can power millennial weddings

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August 6, 2019

PODCAST: Matchmakers

Weddings, The Millennial Way? There’s A Marketplace For That

Millennials are all about the experience — including their own weddings. In a new Matchmakers podcast, Sam McElhinney, Co-Founder and CEO of Mayflower Venues, talks with Karen Webster about his platform that unites millennials with unique wedding venues for a happily ever after wedding experience, without the logistics hassles. Cue the band.

 

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Mobile Commerce

Why Retailers Need Better Payments To Boost Mobile App Appeal

New PYMNTS research finds that 78 percent of consumers have five or fewer merchant apps on their mobile devices. LISNR Co-Founder Chris Ostoich tells Karen Webster why the retail CEOs he’s talking to are beginning to recognize how payments, incentives and faster in-store checkout can boost their odds of snagging that spot.

 

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B2B

Oracle: What’s Old Is New Again For B2B Customer Experience

Decades-long efforts at building a better B2B ecosystem and customer experiences that keep business flowing are getting fresh fuel from artificial intelligence and other technologies. Rob Tarkoff, executive vice president and general manager of Oracle CX Cloud, talks with Karen Webster about what’s coming down the pike next — and why it took 20 years to get to this point.

 

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Faster Payments

The Fed Debuts FedNow

After nearly five years of speculation, the Federal Reserve will launch a real-time settlement system for banks called FedNow. Federal Reserve Board Governor Lael Brainard says that easy access to instant payment for all banks big and small — is needed to democratize instant funds access for all consumers. Here’s what we know — and what we don’t — so far.

 

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 Digital ID Tracker™

The Fed’s Dos And Don'ts For Digital ID Verification

Knowledge-based authentication is a popular choice among merchants and FIs for convenient digital ID verification — but with data breaches becoming a regular occurrence, reliance on KBA can be extremely risky. In this month’s Digital ID Tracker, David Temoshok, senior policy adviser at the National Institute of Standards and Technology (NIST) talks with PYMNTS about the organization’s efforts to improve digital ID standards in both the public and private sectors, and why knowledge-based authentication isn’t the answer.

 

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