Global regulators prep crypto framework, Klarna eyes payments card, How uncertainty kills commerce.

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July 16, 2018

The Monday Conversation

The 83-Year-Old Startup Quietly Powering Travel Payments

While most people have never heard of UATP’s card network or had a UATP card in their wallet, odds are high that they’ve used them. Especially, UATP CEO Ralph Kaiser told Karen Webster, if their air travel was booked through a corporate travel department or if they’ve bought an airline ticket with PayPal. UATP may not be the best-known name in air travel, but at the young age of 83, it controls 15 percent of the world’s air travel payments market, while challenging others with the pace of its innovation.

 

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The Connected Car: An Extension Of The Consumer’s Home

The reality of the connected car — and commerce — is closer than ever. As in this week, when commerce done by the dashboard’s light will be launched, courtesy of P97’s partnership with a major fuel retailer. The concept, CEO Donald Frieden told PYMNTS, is firing on all cylinders because it makes the car an easy extension of the consumer’s home.

 

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Digital Discussion

How To Join The Payables To Payment Revolution

One of the biggest challenges to accounts payable's digital transformation is doubt: Executives struggle to accept that a dramatic transformation is possible, said Dan Andrew, SVP at Corcentric. Ahead of Wednesday’s digital discussion, Andrew tells PYMNTS why AP execs must keep an open mind in order to transform payables from a cost center into a profit center.

 

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Commerce Innovation

How Uncertainty Kills Commerce

Mice and humans have a lot in common, new research finds. Both fall victim to the sunk cost fallacy that has them hanging on way too long to get the reward they were promised. Karen Webster says that in an on-demand world, waiting for anything, especially payment, is a big no-no — and speed is all that matters. Or is it? In an age of fast, convenient and no-wait-never-ever, she says certainty is what matters most of all. Just ask the mice and wo/men.

 

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What's Hot


Global Regulators Propose Crypto Monitoring Framework


New Payments Rule Could Cost Alipay, Tencent More Than $1B


Klarna Eyes Expansion, Banking Products As Next Areas Of Growth


Microsoft Wants Facial ID Tech Regulated


Facebook Files Patent For Commerce Messenger Bot


MoviePass CEO Says AMC, Others Are Out To Get Them


Grab To Create 'Everyday Superapp' For Southeast Asia


Wells Bets On Mobile Pay As Earnings Decline Post-Scandals


JPMorgan Digital Customers Up 5 Pct as Branch Count Shrinks


Prime Day To Cramp In Store Sales


Best of Yesterday 


Braintree: Behind The Contextual Commerce Buy


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