We are in the midst of a payments ecosystem renaissance. There have never been more ways to send and receive money, and those ways available have never been more streamlined, secure, fast or convenient. But that doesn’t mean that it is time now for payments...
Is X getting closer to adding peer-to-peer (P2P) payments to its platform? Elon Musk’s social media company announced plans to launch such an offering earlier this month. Now, X — formerly Twitter — has apparently set up a dedicated payments account. The verified @XPayments account appeared on...
Payroc has introduced a PayByCloud solution aimed at simplifying omnichannel payment integrations for independent software vendors (ISVs). This cloud-based solution eliminates the need for ISVs to invest heavily in payments integration, streamlining the process and reducing time and effort, the payments company said in a Tuesday...
One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). But while AI, particularly its impact on the payments landscape, captured public eyeballs and enterprise attention, other technical innovations like network tokenization and digital identities are reshaping the way transactions occur and...
Blake Whitson, vice president, payments and global customer support at Brainly, and Andy McHale, senior director, product and market strategy at Spreedly, told PYMNTS that payments orchestration can make all the difference in the world of eCommerce, in pursuit of scale and boosting authorization rates....
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development, Reuters reported Tuesday (Nov. 28). Tokenization involves converting traditional financial assets into...
FinTechs issuers have revolutionized the banking and lending sector, enabling consumers to get easier access to their finances and allowing them to manage their money more effectively. Through the introduction of various personal finance management tools, such as saving pots, in-app budgeting capabilities and virtual...
Alan Koenigsberg, senior vice president and global head of large, middle market, treasury and working capital solutions at Visa, took note of the rapid shifts in payments and finance during an interview with Karen Webster. “If you feel a bit breathless, I think the whole...
The year 2023 has been one of the biggest yet for innovation across the payments landscape. New, emerging rails including the FedNow® Service and RTP® (Real-Time Payments) have changed the game for both consumers and businesses when it comes to the choice, flexibility and security...
