Sheeva.AI and Visa Acceptance Solutions have teamed to launch a tokenization platform for in-vehicle commerce. The collaboration, announced Tuesday (Nov. 21) will see Sheeva.AI — an in-vehicle payments solutions provider — employ Visa’s Cybersource Token Management Service power the first multi-use tokenization platform for in-vehicle payments by using exact vehicle...
The Federal Reserve Board has announced price changes for 2024 that will raise the price for established, mature services by an average of 1.8%. For the FedNow Service®, the fee schedule will remain the same as the previous year’s, inclusive of discounts, the Fed said...
Bold Commerce, a checkout company for omnichannel retailers and direct-to-consumer (DTC) brands, has partnered with Link Money, an open banking payment platform, to enhance payment options for merchants. This collaboration aims to provide retailers using Bold Commerce’s checkout solutions with access to Link Money’s Pay by...
Consumers are happiest when they don’t have to think about how a payment is made, just that it gets done. And they are willing to try new payment methods to get those results. PYMNTS Intelligence data shows that half of U.S. consumers tried using a...
B2B Software-as-a-Service (SaaS) platform VerityPay has launched with a new pay-by-text tool for businesses. The new offering lets businesses make payments through text or SMS straight into customers’ digital wallets, such as PayPal and Venmo. “With VerityPay, we’re making digital wallet transactions possible for the first time in a business-to-consumer...
Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient way to divide and settle multiple or ongoing expenses among friends, family, roommates, partners and other groups, the peer-to-peer payment...
Worldline says its large merchant clients in France can now offer Apple’s tap-to-pay. The payments firm announced Tuesday (Nov. 14) that merchants can use the iPhone-based payment method to collect payments via contactless credit and debit cards, Apple Pay and other digital wallets. “We are very proud...
DoorDash now enables customers to use their health savings accounts and flexible spending accounts to pay for eligible items at select merchants. Beginning Wednesday (Nov. 8), consumers can use their HSA and FSA funds to pay for more than 30,000 eligible products directly on the...
Payment facilitators (PayFacs) are entities that enable their customers to accept electronic transactions using the payment facilitator’s platform, which has control of the end-to-end transactions. Examples of PayFacs include Square, Stripe and PayPal. A recent study conducted by PYMNTS Intelligence in collaboration with Carat from Fiserv, “Platform Business Survey:...
