U.S. millennials were early adopters of person-to-person (P2P) payment apps, while Baby Boomers sought out financial institution-based P2P options and older consumers were slow to join in — until now. Fiserv‘s Vice President of Product Management Derek Swords told PYMNTS in a recent interview that...
As consumers have been hit hard by the economic effects of the COVID-19 pandemic, card issuers have seen a sharp impact to their business. In the immediate aftermath of the pandemic that pushed workers into indefinite furloughs and unemployment, credit card transaction volumes plunged by...
Roger Hochschild, chief executive officer for Discover, said most of their customers no longer have trouble with making payments, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
India’s Paytm is expanding its Paytm Postpaid program so that its payments app can be used by such places as small convenience shops, or kiranas, and chain stores — along with the possibility of an increased credit limit. Get the Full Story Complete the form...
New Yorkers who were hoping the city’s public transportation network would soon accept contactless payment will have to wait. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
American Express is encouraging its cardholders to order food on Deliveroo, and every time they do, the global finance services company will deliver a meal to a woman in need in New South Wales. Get the Full Story Complete the form to unlock this article and enjoy...
Mobile-first payments startup Judopay is collaborating with payments giant Mastercard to bring secure digital payments to The Pharmacy Centre in the U.K. The collaboration is intended to help facilitate the movement of medical supplies to the people who need it most during the pandemic. Get...
Although the country is starting to reopen following mandatory shutdowns amid the coronavirus pandemic, social distancing is still a must for face-to-face interactions. To help people maintain distance while venturing out for in-person transactions, PayPal has introduced contactless QR codes for payments. Get the Full...
The pandemic has kept us all home — and for firms that have depended on walk-in business, transactions have slowed, or simply stopped. That’s certainly true of firms that help transfer money, sent by individuals back to recipients (including their families) domestically or across borders....
