Digital wallets are no longer simply changing how consumers present a payment at checkout. They’re also beginning to change where the money comes from. That shift stands out in “Apple Pay @11: Usage Is Up, but Competitors Are Gaining Ground,” a PYMNTS Intelligence report based on a survey of...
Elon Musk’s “everything app” vision is one step closer to reality, though not yet for everyone. X Money, the payments/financial services app linked to the trillionaire’s social media platform, went live Monday (July 27), but only for premium subscribers at the moment. The new offering...
Digital bank customers are turning the mobile wallet from a convenience into their default way to pay. That shift stands out in “Pay by Bank Deep Dive: Digital Bank Users Are Ready to Switch,” a PYMNTS Intelligence report with Trustly based on a survey of 2,071 U.S....
DoorDash’s banking product for delivery drivers, DoorDash Crimson, now includes instant deposits powered by Astra’s Payment Cloud. With this capability, DoorDash delivery drivers can use Visa Direct and Mastercard Send to add funds from external accounts in real time, Astra said in a Wednesday (July 22) press release. Astra’s Payment Cloud is a vertically integrated...
Watch more: Summer School | SBT | Shawn Curtis Businesses can move money faster than ever. Their customers, however, may still need to navigate a maze of messages, portals, passwords and payments pages before that money starts moving. The disconnect is creating a largely invisible...
Digital wallets began as a more convenient way to pay. They are now evolving into something more consequential: a platform for managing permissions. That evolution is becoming visible through two recent developments. Samsung’s launch of Samsung ID with CLEAR allows U.S. passport holders to store...
Square Financial Services (SFS), a wholly owned subsidiary of Block, has launched a deposit tier that pays a higher APY to Square sellers who maintain a daily balance of $10,000 or more in their Square Savings account. The new Square High Yield Savings offers these...
Plaid has introduced a tool designed to help customers make smarter ACH-payment-related decisions. “ACH is the backbone of the digital economy and one of the most cost-effective ways to move money, growing 17% over the last five years,” Annie Gao, Plaid’s product marketing manager, wrote on the...
Payments are no longer defined by moving money alone. They are defined by the quality, speed and intelligence of the data surrounding each transaction. A new report from PYMNTS Intelligence and FIS finds issuer processing is evolving from what was traditionally a back-end utility into...