Page 9 - Pso Feature News Today

Associate partner Mary Ann Francis is a risk taker — the kind who jumps off a waterfall without a parachute. She brings this same boldness to her work at IBM, where her decades of banking experience help the tech giant find new opportunities for artificial intelligence and quantum computing.

This year's Most Influential Women in Payments honorees are uniquely positioned to make the most of disruptive factors such as the advancement of artificial intelligence, central bank digital currencies and real-time payments. 

After a three-decade climb up the corporate ladder, Reda took on her most daunting task yet: launching the card network's new consumer banking unit.

A new product enables consumers to initiate a transaction by typing in a merchant's web domain — even if that business doesn't have an e-commerce site. It's the web-hosting company's latest bid to provide more to small proprietors.

New research from the Consumer Financial Protection Bureau indicates consumers relying on BNPL loans are much more likely to use payday and pawn loans, revolve credit card balances and overdraw their bank accounts.

The banks that own Zelle face long odds in displacing Apple Pay and Google Pay, but the effort could help build the infrastructure for a new account-to-account payment system, some experts say.

The boom in digital commerce led to a boom in hiring, and many payment companies have started cutting back. This is creating an experienced pool of talent for employers that have room to grow.

Citizens Financial Group, which has offered point-of-sale financing for iPhones sold through Apple since 2015, is finding that as objects such as refrigerators become more complex and internet-connected, they are also more frequently replaced — creating new categories for installment lending.

The online lending marketplace is teaming up with Upgrade on a card that operates like a fixed-rate loan, in a move to turn around multiple quarters of disappointing financial results.

As firms like Klarna and Sezzle attempt to reach profitability, fintechs that offer point-of-sale financing brace for consolidation, regulation and other drastic changes to their market.