Hey, we got frustrated. We were planning our last Weekender of the year, and everything was feeling more than a little too cliched. Staffer resolutions for the new year? Boring. Resolutions for the payments sector and connected economy? Even more boring. Then it hit us....
Parafin has raised $100 million in a Series C funding round to grow its embedded finance infrastructure that powers financial services for marketplaces, vertical software-as-a-service (SaaS) providers and payment platforms. The company will use the new capital to scale its existing products, ship new ones...
Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. In an age where relationships with banks are nearly ubiquitous — the Federal Reserve noted last month that just about 96%...
The connected economy might be making a jump from end-users’ hands to their faces. That is, if Big Tech’s biggest representatives are to be believed. On Thursday (Dec. 12), Google introduced a new Android operating system (OS) built for extended reality (XR) devices like headsets...
As companies mull updates to their payments processes, the changes required to automate and digitize those (sometimes) analog interactions can prove daunting — and costly. The movement toward frictionless commerce is a big undertaking, just as it was before the pandemic forced us all to...
Platforms are rapidly forging their own ecosystems — matching supply and demand, buyers and sellers, sometimes on a global scope. In other cases, they serve specific verticals — for example, hair salons or restaurant delivery — to offer a one-stop shop for a variety of...
Digital commerce is growing at a staggering pace. Online transactions have more than doubled over the past four years, placing a new urgency on ensuring seamless checkouts. For businesses, checkout is where revenue is won or lost. For customers, it’s where experience defines loyalty. Yet...
The seeds were sown long ago for Chris Faught, CEO of Neon, to create a direct-to-consumer (D2C) platform for the gaming industry in 2022. He had been a gamer for his whole life and had been fascinated by the business and developer angles. And through...
As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ecosystems to adopt more adaptive and resilient fraud prevention measures. Marcos Gelfi, vice president – global head of commercial fraud/dispute products and cardholder solutions at Discover® Global Network, Jeff...
