Modo Strikes An Innovation Balance

Article featured in PYMNTS.com    Payments has a balancing problem, according to Modo CPO Matthew Leavenworth. There are two forces at odds, said Leavenworth: The growth of new ideas, entrants and true innovation in payments versus existing legacy systems — which often still function as designed, he noted, and weren’t cheap to implement. “People have made investments […]

2018 Forecast: ‘Global Local’ Becomes a Priority

By Brian Billingsley // Excerpt from the PYMNTS 2018 Forecast eBook   A quote from Bill Gates in his 1996 book The Road Ahead seems spot-on for payments: “We always overestimate the change that will occur in the next [one or] two years and underestimate the change that will occur in the next ten.” Look […]

There’s No ‘I’ in Payments, But There Should Be

No, we’re not suggesting to start spelling payments like P-A-Y-M-I-N-T-S; we’re talking about a missing piece to the payments puzzle. Right now, the payments industry is made up of  siloed systems, walled gardens and closed networks.  While efficient on a system by system basis, the current state  causes a ton of friction when attempting to [...]

Brian Billingsley Joins Modo Team As CRO

By PYMNTS Financial institution and payments interoperability provider Modo has announced news of an addition to its team. According to a Friday company press release, Brian Billingsley, former CEO for Klarna North America, is joining the Modo family as its chief revenue officer. “I was blown away by Modo’s tech when we implemented it at Klarna, and […]

Payments 2017: The Year of No Disruption

PYMNTS.com spoke to Bruce Parker, Founder & CEO of Modo, for the 2017 PYMNTS year-end eBook on the defining moments of the past year. The most defining moment to him? No disruption. Check out why below.  We’ve been hearing (for a few years now) that this will be the year FinTechs will replace banks, disrupt […]

Fridays with Fintechs: What Have I Done?

By Bruce Parker No seriously. What have I done?! I’ve fallen for payments, and now I can’t get up. I spend all day every day pondering how payments ought to be, and how a startup focused on payments ought to be. All the little and big things that are the state of our industry, and […]

Alliance Data To Create Loyalty, Checkout Events Via Modo’s Payment Service

By PYMNTS.com Modo and Alliance Data’s Columbus, Ohio-based credit card services business announced news on Monday (Oct. 23) that they have inked a new partnership. Alliance Data can now create loyalty programs and checkout events using Modo’s cloud-based payment event service. In a press release, Modo stated that via its payment events service, it securely and fairly conducts […]

Using Interoperability to Overcome a False Sense of Complexity

By PaymentsSource Of all the many technology innovations in the last few years, the truly unparalleled innovation is interoperability. When companies with their disparate systems and platforms can communicate and share their data the multiplier effect on new technologies and benefits is tremendous. Or, as Bruce Parker, founder and CEO of Modo, puts it: “We’re […]

Modo Announces the Unnouncement

Modo likes announcing announcements, you know. We announce them on high, we announce them down low. We announce them with others, we announce them alone (the latter especially when using “that tone”). We announce them on Twitter, LinkedIn, and Facebook “We’re proud to announce! Will you please have a look?” We announce about things that […]

Orchestrating Partners and Payments Across Any Payment Network

By Mercator Advisory Group Introduction Perhaps the most common point of friction between commercial partners is the effort associated with keeping the books balanced between the two entities, which typically have very different perspectives. This friction is most often addressed using trusted third parties that provide arbitration and occasionally escrow services at no small cost […]

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