Stripe’s the latest acquirer seeking a special banking charter. Fiserv made the move before Stripe, last year. In the current landscape where payments processors want to maximize operations by minimizing costs, while expanding their business models, the lure of processing transactions directly may nudge other...
For Plaid, the connectivity — tying bank accounts to a broad range of providers across financial systems — lays the groundwork for double-digit growth. And while the news Thursday (April 3) may have centered on a $575 million capital raise (and a $6.1 billion valuation) and...
Visa has unveiled three new value-added services designed to make accepting payments easier and more secure. The services are meant for acquirers, payment facilitators, retailers, marketplaces and shops, the company said in a Thursday (April 3) press release emailed to PYMNTS. With Authorize.net 2.0, Visa...
For merchants, omnichannel innovation comes in several flavors. When it comes to eCommerce interactions, sellers face the drive to streamline and reduce friction during the onboarding processes — and to digitize the interactions that happen after onboarding, including lending and payments. In an interview with...
Marketplaces have transformed the global economy, creating ecosystems where buyers and sellers converge in the digital universe. But as they evolve, so must the infrastructure that supports them. “Marketplaces are expanding beyond traditional eCommerce,” David Maret, senior partnership and customer success manager at Nuvei, told PYMNTS....
PYMNTS Intelligence’s latest research finds that the U.S. market for buy now, pay later (BNPL) credit totals $175 billion. While that’s a small slice of total consumer spending, it represents an 88-fold spike in BNPL in just six years. Growing consumer demand for fixed installment...
The Clearing House’s RTP network launched in 2017. The FedNow Service, the central bank’s foray into real-time payments, debuted in the summer 2023. And yet real-time payments — while getting some serious global traction — still have a lot of runway left for consumers and...
Payments innovation often steals the spotlight from its less flashy cousin, payment advances. But beneath developments like artificial intelligence and real-time payments, bill presentment has quietly emerged as a critical component of financial institutions’ and billers’ strategies, playing an essential role in enhancing customer experience,...
As digital economies race to streamline the payment process, the checkout experience is at the forefront of change, with innovations around customer experience and security redefining how merchants and consumers engage with payment technologies. Merchants, payment service providers (PSPs) and issuers must align their strategies...
