A merchant can negotiate a better payment processing rate and still face an expensive move if its saved customer credentials are tied to its existing provider. That tension sits at the center of payment orchestration’s promise. The technology connects businesses to multiple payment providers and...
Same Day ACH saw year-over-year increases of about 37% in volume and 32% in value in the third quarter as it met user demand for faster payments, Nacha said in a Tuesday (Oct. 20) press release emailed to PYMNTS. With those increases, the total number...
U.S. Bank says it is giving customers a quicker way to shift recurring payments to a debit or credit card. Payment Switch, announced Monday (Oct. 19), lets consumers transfer payments for things like utility bills or streaming services to a U.S. bank debit or credit...
Stripe is teaming with Plasma to introduce multi-currency stablecoin cards. The new cards, announced Thursday (Oct. 15), are designed to give people and businesses an easier time spending across currencies and markets. “We’re building Plasma for people whose lives and finances span countries,” Paul Faecks,...
Digital bank customers are more willing than the broader banking population to move transactions to Pay by Bank when the payment method comes with discounts and buyer protection, according to PYMNTS Intelligence research. The findings come from “Pay by Bank Deep Dive: Digital Bank Users...
A shopper who reaches checkout has already selected what to buy. For tens of millions of consumers, however, the available ways to pay can still determine whether the purchase happens. PYMNTS Intelligence’s “The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for...
Visa says it is giving $2 million to support organizations that support small businesses. That commitment from the Visa Foundation is aimed at entrepreneurial support organizations (ESOs) serving small businesses in the U.S., the company announced Wednesday (Sept. 30), opening the program to grant applications. Those grants are geared...
Mastercard has added new trust and intelligence services to its agentic payments program, Agent Pay, the company said in a Wednesday (Sept. 30) press release emailed to PYMNTS. The new services bring together identity, intent, behavioral and fraud insights to help financial institutions and merchants...
Citi has launched Mastercard’s subscription management capability, Smart Subscriptions, in the United Arab Emirates (UAE), Mastercard said in a Thursday (Sept. 17) press release. The launch marks Citi’s first deployment of Smart Subscriptions anywhere in the world, and Mastercard’s first deployment of the capability in...