After years of disruptions, airlines still haven’t gotten the “hassle-free” part of refunds right. While the pandemic battered the travel industry as a whole, airlines especially still remain vulnerable to more mundane factors like the elements, as well as the pitfalls of legacy operational systems...
Solopreneurs and micro-businesses are the lifeblood of Africa’s informal and semiformal economies, but when it comes to accessing working capital loans, they are typically underserved by most financial institutions. Related: Nigeria’s Underbanked Gig Workers Flock to One-Stop-Shop Financial Platforms In an interview with PYMNTS, Mina...
Banking giant BNY Mellon has debuted Vaia, an aggregated payment platform that lets institutions in the U.S. meet a growing demand for faster digital disbursement payment options. By integrating with BNY Mellon, institutions can provide payees with access to a range of payment choices, including...
FinTechs have rapidly become an integral part of the United States banking ecosystem. Sixty-eight million consumers across the country use FinTechs such as Chime, Sofi and Ally, and 30 million consumers use such FinTechs as their primary financial institution (FI) in place of traditional banks...
Back in March of 2021, when the pandemic was in its first full year of transforming consumer expectations about how they pay and get paid — including in the online gambling space and specifically payouts — Trent Striplin, FanDuel’s director of customer finance, told PYMNTS:...
Faster payments — instant payments, to be specific — are becoming top of mind for many consumers. In the Disbursements Satisfaction report, done in conjunction between PYMNTS and Ingo Money, we found that instant payouts have a greenfield opportunity to help transform (and speed up)...
A few short years ago, instant payments were impossible to receive in the United States. Then, in 2017, The Clearing House launched its Real-Time Payment network — but before that, waiting for payments to clear could take days. Fast forward to 2022, and instant disbursements...
Even before the pandemic, there was already an inexorable shift taking place within payments. And yet, depending on where you look, there’s still a few spots that are due for a bit of catch up. Tracy Monson, chief product officer at Onbe, and Renee Albert,...
Frictionless money-out capabilities and seamless authentication are top priorities for consumers. Payments have grown more digital than ever in recent years. Customers have switched from cash and checks to online banking, contactless payments and peer-to-peer (P2P) payment apps in record numbers, with the latter proving...
