Visa’s fiscal fourth quarter results underscored the payment network’s traction beyond card payments, as new payment flows in particular gained momentum. Commentary from the call and from the earnings supplement and earnings release show that overall payments volume grew 8% year over year. In the...
Visa will reportedly lay off 1,400 employees and contractors, including about 1,000 in technology positions, by the end of the year. The company aims to streamline its international business with these cuts, The Wall Street Journal (WSJ) reported Tuesday (Oct. 29). Together with the 1,000...
Visa is teaming with ClearBank on a partnership centered around issuance and money movement solutions. “By utilizing ClearBank’s cloud native banking infrastructure, Visa could soon benefit from its real-time payment processing, enhanced transaction visibility and a streamlined reconciliation process when processing transactions in the UK...
Mastercard launched a new card-based bill-pay solution for merchants, acquirers, payment facilitators and payment service providers. The new Bill Qkr is live and available globally, the company said in a Monday (Oct. 28) press release. “With Mastercard Bill Qkr, we’re bringing our cutting-edge payment technologies...
Successful digital transactions are an essential part of business. However, that doesn’t mean that all digital payment solutions used to ensure those transactions go through are created equal. “All payment networks sit on a ton of payments data,” Tine Fincioen, executive vice president for digital...
Despite the growing interest in digital payment methods, the adoption of pay by bank remains surprisingly low. A PYMNTS Intelligence report, “What Consumers Need for Pay by Bank to Catch On,” done in collaboration with Trustly, looks at the barriers to adoption and what payment...
Despite the potential benefits of pay by bank as a payment method, consumer adoption remains limited. A PYMNTS Intelligence Report, What Consumers Need for Pay by Bank to Catch On, in collaboration with Trustly, indicates that many consumers remain unaware of this payment option and...
At its most basic level, working capital is the cash flow needed to fund short-term costs and operations. However, the operative definition of working capital, its usage and its access has changed dramatically in the year since Visa’s release of the first Growth Corporates Working...
Download the Report The 2024-2025 Growth Corporates Working Capital Index The utilization of working capital solutions is on the rise. In fact, 80% of Growth Corporates using at least one such solution in 2024, is up 13% year over year. In addition, PYMNTS Intelligence’s research...