The lion’s share of shoppers wants merchants to let them know what installment plan options are available before the checkout process even begins, and older consumers especially demand this foreknowledge. By the Numbers For the September report “Installment Plans Becoming a Key Part of Shopper’s...
Decades after being introduced, QR codes may help super apps take shape and gain even more momentum across the globe. Quick response (QR) codes first debuted in 1994 in Japan, geared toward tracking automobile supply chains, and never quite took off in commerce. But the...
Stripe is now powering payments for retailers using Amazon’s Just Walk Out technology in Australia and Canada. With Stripe Terminal and Stripe Connect enabling in-person payments for retailers using that technology, consumers can shop and then leave the store without having to wait in line...
Berlin-based payment processor Micropayment is partnering with Tink, a payment services and data enrichment platform, to enable Europe-based merchants to offer pay-by-bank at checkout. Micropayments works with merchants across industries, including fundraising and nonprofit, digital services, gaming and entertainment, according to a Wednesday (March 20) news release. The...
Colin Mellon, chief commercial officer at Splitit, told PYMNTS that installment plans, when linked to traditional card-based payments, can offer benefits throughout the commerce ecosystem. But making inroads and competing against buy now, pay later options, he said, requires a wider embrace from acquirers — plugging...
For closed-loop systems — merchant-specific cards — split-payment options may spark both interest and momentum. Less than a year ago, PYMNTS Intelligence found that more than a quarter of consumers had store cards in hand, and private-label card originations were increasing at a high single-digit percentage point...
SAP has launched a composable payment solution designed to help retailers add new payment options. The company’s new open payment framework integrates SAP Commerce Cloud with several third-party payment service providers (PSPs) and allows retailers to choose payment partners based on their own unique needs,...
Acquirers — the financial institutions that provide the infrastructure for merchants and businesses to accept card payments — operate behind the scenes but can play a pivotal role in enhancing customer experience. Yet, as PYMNTS Intelligence found in compiling its study, “Acquirers’ Navigation of an...
When it comes to digital wallet adoption, the youngest consumers are outpacing older generations by a wide margin, PYMNTS Intelligence research reveals. By the Numbers The report “How Preferred Payment Availability Can Reduce Cart Abandonment,” a PYMNTS Intelligence and Adobe collaboration, draws from a survey...
