Payment facilitation is among the most vital components of monetizing customer relationships — and the role of PayFacs is often misunderstood. In an interview with Karen Webster, Casey Porter, vice president of Merchant Sales and Acquiring at Visa’s Global Acceptance Fast Track, took note of...
Digital payments have been small businesses’ saving grace in the face of tough economic challenges. It’s a double-edged sword that, according to James Allum, senior vice president of Europe at Payoneer, stems from the “twin revolution of payments and digital” witnessed in the last few years....
Small businesses seeking to reduce innovation costs might consider prioritizing digital wallet offerings. In today’s budget-conscious retail environment, small- to medium-sized businesses (SMBs) might be tempted to pump the brakes on innovations, but that can have a detrimental effect on customer loyalty and retention. One...
Guesty has added a payment processing solution to its hospitality and property management operating system. The new GuestyPay is available to customers in the United States and is to be extended in the middle of the year to those in the United Kingdom and the...
A federal agency is proposing more limits to the government’s use of paper checks. In a notice of proposed rulemaking (NPRM) that is to be published in the Federal Register on Tuesday (Jan. 10), the Treasury Department’s Bureau of the Fiscal Service said that present...
Labor shortages in the healthcare industry are an especially painful problem needing attention — stat. Still considered to be lagging in the digital shift, healthcare practices are alleviating some of their staffing issues by using automation and digital payment solutions at key points, including discussing...
Italian consumers are twice as likely to use a mobile wallet online compared to in-store. On a global scale, Italy emerged fourth in mobile wallet adoption, behind Japan (25.7%), Germany (22.2%) and Singapore (21.3%), according to the PYMNTS Connected Economy report, “How The World Does...
Looking back at the trends of 2022, digitization of healthcare achieved milestones in how consumers pay for medical treatments, with younger demographic groups taking the lead. Much occurred between mid-year and year’s end, which is summarized in the report “How Digital Has Changed the Consumer...
UnionPay said it has issued more than 200 million cards outside the Chinese mainland. The Shanghai-based card acceptance company announced the milestone Friday (Dec. 30), marking its tenth year in operation. “During these ten years, the digital transformation of the global payments industry has developed...