Traditional credit cards are facing pressure in the battle for consumer spending power. While general-purpose cards remain the workhorse of American credit, their use for installment payments is growing far more slowly than private-label store cards — a shift driven, as PYMNTS Intelligence has found,...
Visa reportedly must continue to face a class action lawsuit filed by merchants alleging that the company has a monopoly in the debit card market. A judge rejected Visa’s argument that some of the merchant plaintiffs should be removed from the case because they released...
It’s rare to witness a classic payment instrument not just endure but thrive by reinventing itself. Such is the case with gift cards. Mary Bailey, senior product manager for Bank of America’s gift card program, has witnessed this evolution firsthand over nearly two decades. Bailey...
Consumers no longer choose cards. They choose the card that best fits the task in front of them, whether it’s paying rent, funding a trip or padding a rainy‑day reserve. Winning that first‑choice position demands a toolkit that flexes by moment, not just by FICO...
Cross-border payments platform dLocal has debuted a solution for Brazilian merchants centered around the country’s Pix payments system. The new solution, SmartPix, lets merchants process tokenized Pix payments, including recurring and on-demand charges, without having customers manually authorize each transaction, dLocal said in a Wednesday (Aug. 6) news...
With back-to-school season upon us, we took a look at the higher education side of the ledger. The silent drain of outdated payment systems in American higher education is costing universities far more than just missed tuition payments, impacting everything from staffing efficiency to institutional...
As digital commerce continues its ascent, the nuances of payment processing dictate whether businesses capture or lose customer relationships. The PYMNTS Intelligence report “Big Three: How Choice, Confidence and Convenience Drive Payments Optimization” reveals that achieving peak payment performance hinges on minding customers’ three C’s:...
Google Play launched a partnership with Thailand-based Kasikornbank and Ant International’s Antom. The collaboration resulted in the launch of K Plus as a new local payment method on Google Play, according to a Thursday (July 31) press release. It’s the first time a Southeast Asian...
Klarna continues to expand beyond its pay-later roots with new financial services permissions. The Swedish FinTech announced Wednesday (July 30) that its British subsidiary Klarna Financial Services UK (KFSUK) has been authorized by the U.K.’s Financial Conduct Authority (FCA) as an electronic money institution (EMI). This authorization, the company...