Xoom, PayPal’s international digital money transfer service, is launching in the U.K. and 31 countries, allowing millions of users to remit in bytes and bits. Julian King, Xoom general manager, tells PYMNTS that PayPal’s scale and expanded send-side presence can let people transact across digital...
American Express has reported that its American consumer card delinquency rate was 1.4 percent for June, the same number it was in May, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Card delinquencies have remained steady at Bank of America, which reported June credit card delinquencies of 1.56 percent. The figure registered at the same rate as the prior month, SeekingAlpha reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Accounts payable (AP) professionals often use established — if unsatisfactory and possibly outdated — payment methods, mostly because that’s just the way it’s always been done. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The global value of real-time compensation is projected to reach $34.3 billion over the next five years, according to the July Disbursements Tracker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
People who use Polish payment system BLIK will soon be able to pay for things like Netflix and Uber with it, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments knot that the cash-dominated industry is dealing with is leading to some improvisation, and even government-backed experimentation. The latest example...
American Express said its May card delinquency rate was unchanged from April, according to reports. The rate held steady at 1.4 percent. Net write-offs, however, did move slightly in may, from April’s 2.4 percent to 2.5 percent, and the small business card delinquency rate went...
Discover Financial Services said Monday morning (June 17th) that it has ended fees on deposit accounts. 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 to our daily...
