Mastercard expands RTP bill pay roster, Citi expands supply chain finance network, Apple Pay stats five years after go-live

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October 21, 2019

Payments Innovation

Ten Years Of Payments Innovation And Reinvention

A decade ago, the world was a very different place — no thanks to the financial crisis that started the year before. However, out of that chaos, a host of innovators in payments and commerce stepped in — to not just rebuild the economy, but reinvent the payments and commerce experiences from the ground up. PYMNTS was part of the "Class of 2009," and has had a front-row seat for the good, the bad and the inexplicable. We have the guide to it all here — with expert insights from some who helped shape it.

 

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Supply Chain Finance

Citi On Supply Chain Finance In An Age Of (Global) Uncertainty

Trade wars, Brexit and tariffs are refashioning global supply chains — and forcing companies to navigate new currencies and countries to enable those shifts. As Citi rolls out a new supplier finance interface today (Oct. 21) via WorldLink Payment Services, John Ahearn, Citi's Treasury and Trade Solutions' Global Head of Trade, tells Karen Webster how supply chain finance platforms help make the last mile of buyer/supplier interactions — namely, payments — a bit smoother for the much longer tail of those supply chains.

 

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Payments Innovation

Bain’s Matt Harris On Skating To Where The B2B Innovation Puck’s Headed

Tech unicorns, most crowded in the B2C space, come and go — some via a crash-and-burn exit. Matt Harris, partner with Bain Capital, tells Karen Webster that B2B FinTech unicorns are few and far between — but that may change if innovation gains traction. He spells out what to look for as B2B companies seek critical mass, and, critically, venture capital dollars.

 

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Facebook's Libra

What's Next In Libra’s Serial Cliffhanger

Fresh off a wave of defections, the Libra Association has claimed an initial 21 members. That’s a start, but the crypto initiative is still missing key components that would bring the currency from concept to reality — like infrastructure and marketplaces. Here’s our breakdown of the latest news in a saga that has become a cliffhanger.

 

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KLW Commentary

REPORT: What Apple Pay At Five Says About The Future Of Mobile POS Payments

Five years ago yesterday (Oct. 20), iPhone users got their first bite at the Apple Pay point-of-sale (POS) experience. Five years later, more people have the right iPhones and more merchants have contactless, and Karen Webster says that the opportunities for using Apple Pay in the physical store have exploded. But new PYMNTS research shows that the percent of people with Apple Pay who use it at merchants that take it remains as small as it was five years ago. She breaks it all down.

 

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