Watch more: What’s Next in Payments: Mastercard’s Mike Kresse The role of the CFO is shifting under macroeconomic volatility, tightening controls and fast-moving technology that touches every operational corner of the enterprise. Speaking with PYMNTS as part of the “What’s Next in Payments” series, Mastercard...
Senator Dick Durbin (D-Illinois) said Monday (Nov. 17) that the proposed settlement in the 20-year Visa and Mastercard “swipe fees” legal battle “falls short” of providing a true solution to “outrageous swipe fees” on credit card transactions. Durbin is the Senate Democratic whip, the ranking...
U.K.-based consumer payments platform Zilch has raised $175 million in debt and equity. The new funding will go towards marketing efforts, product development and improvement to Zilch’s platform, as well as exploring merger and acquisition possibilities, the company said in a Thursday (Nov. 13) news...
Visa’s fiscal fourth quarter results, released after the markets closed on Tuesday (Oct. 28) showed growth in debit and credit spending, a surge in tokenized credentials and momentum in stablecoin-related activity. The company’s materials indicated that U.S. payments volume was up 8%, accelerating from the...
Watch more: Need to Know: Visa, Michael Jabbara Fraud is moving fast, and artificial intelligence is both the weapon and the shield. As scammers harness AI to automate attacks and personalize deception, the defense must match their sophistication. That’s the challenge Visa met with a...
Even as artificial intelligence reshapes corporate finance and payments move in real time, one of the oldest habits in business continues to delay billions in payments. Paper and manual based friction, the latest B2B and Digital Payments Tracker from PYMNTS Intelligence and American Express finds, may be...
Galileo Financial Technologies, SoFi’s payments and banking platform, has joined the Amazon Web Services (AWS) Partner Network, according to a press release. The partnership enables FinTechs, banks and enterprise brands to embed Galileo’s payment and card-issuing capabilities directly into their AWS-based systems. Organizations that already...
The golden rule of business is that operational inefficiency can cost enterprises both their time and their money. It’s the golden rule of business payments, too. But unlike the consumer payments space where mobile wallets, tap-to-pay and one-click checkouts have reshaped expectations, B2B payments remain...
Convenience store and gas station chain Circle K has teamed up with vehicle-based payment technology provider Car IQ to launch a mobile app for fleet operators. The new Circle K Pro Digital+ enables payments at more than 7,000 Circle K locations and anywhere Visa is...