Despite the potential benefits of pay by bank as a payment method, consumer adoption remains limited. A PYMNTS Intelligence Report, What Consumers Need for Pay by Bank to Catch On, in collaboration with Trustly, indicates that many consumers remain unaware of this payment option and...
Worldline launched a new pay-by-bank payment method that caters to businesses that handle high-value transactions. The Bank Transfer by Worldline solution was launched in 10 countries across Europe in August and will be extended to four more by the end of 2024, the payments technology...
The Zelle person-to-person (P2P) payments network continued growing in the first half of the year. The number of transactions sent via the network increased 27% year-over-year to reach 1.7 billion, while the value of those transactions rose 28% to $481 billion, the network operator of...
Revolut Business has partnered with American Express to enable its merchants in the United Kingdom to accept American Express payments. This collaboration allows Revolut to enable its merchants to access a previously untapped pool of premium customers and helps American Express expand its merchant network in...
Retailers continue to grapple with shopping cart abandonment. A February report by PYMNTS Intelligence and Adobe reveals insights that could help online merchants boost conversion rates and enhance customer loyalty. The availability of preferred payment methods is a critical factor in consumers’ online shopping decisions....
Square’s new Orders platform is now generally available to sellers in the United States after being completed during the third quarter. The new order-based infrastructure is designed to help sellers complete a sale “anywhere and anyhow,” the provider of commerce solutions said in a Tuesday...
Ansa and Plaid are teaming up to lower payment costs for merchants and restaurants. The partnership between the digital wallet provider and the data network is designed to provide these businesses — particularly coffeeshops and quick-service eateries — with digital wallets to power “high-converting pay...
Plaid has introduced a new product designed to help businesses allow their customers to pay bills directly from a bank account. The new Plaid Pay by Bank for Bill Pay is designed to provide consumers with a more seamless, cost-effective and secure way to pay...
Venmo is reportedly giving users an easier way to make repeat or scheduled payments. The new feature would let customers schedule payments — or requests — on a one-time, weekly, monthly or bi-monthly basis, The Verge reported Wednesday (Oct. 2). The peer-to-peer (P2P) payments company tells the news...
