Gigi Beyene, senior vice president of integrated payments at Nuvei, told PYMNTS that the role of the independent software vendor (ISV) has evolved through the years, and more change is on the horizon. ISVs trace their roots back to the 1960s, and through the ensuing...
Innovation, particularly within financial services and payments, tends to be centered around speed, cost efficiency and transparency. However, many financial institutions (FIs) with incumbent infrastructure seem to take the view that those innovation benefits quickly turn into new costs when they consider moving away from...
Open banking payments appeal to consumers. Nearly half of respondents in PYMNTS Intelligence’s latest study are highly willing to use them for at least one type of expense, including monthly bills, groceries or subscriptions. These payments offer a secure and convenient way to pay merchants...
Logistics and wholesale trade businesses exhibit robust demand for embedded finance innovations. For example, most payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces are very or extremely interested in digital wallet innovations. Many players in this sector prioritize operational improvements, such as faster transaction...
Among the many payment acceptance tools now available, embedded solutions provided by a variety of payment facilitators (PayFacs) have become increasingly popular among marketplaces and independent software vendors (ISVs), both of which leverage embedded payments to improve efficiencies and fortify customer engagement. But as a...
Businesses in the media and telecom space display strong appetites for a range of embedded finance innovations, from digital wallets to installment plans to business credit cards. Most payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces in this segment indicate robust demand for embedded...
Socure and Trustly have partnered to offer merchants a pay-by-bank solution that includes a streamlined customer onboarding process and guaranteed fast payments. The solution designed for all merchants but is especially valuable for those in investing, gaming, trading, financial services and other industries that require robust know your...
Account-to-account (A2A) payment solution Dwolla now offers open banking services. The new integration, announced Tuesday (Feb. 27), adds services like instant account verification, balance checks and fraud mitigation to the company’s offering, letting mid- to enterprise-sized businesses offer fast and secure A2A payments through Dwolla’s...
Roblox game developers earned a record $741 million in 2023. This marks an increase of roughly 19% from the previous year, Bloomberg reported Wednesday (Feb. 21), citing a Roblox filing with the Securities and Exchange Commission (SEC). Since its inception in 2006, Roblox has provided a platform for developers to create millions...
