Splitit has launched a solution that enables banks and card issuers to offer installment plans to their customers at a merchant’s checkout. The new FI-PayLater allows financial institutions (FIs) to connect directly into Splitit’s card-linked installment platform or connect via their existing card network, the company said...
Technological transformation is at the heart of both modern commerce and payments innovation. With technology as the driving force, consumers are demanding more than transactions from their payment experiences; they seek payment methods that seamlessly integrate into their shopping journeys, whether those journeys are taking...
Working capital enables companies to avoid disturbances in operations in the short term and power growth in the long term. In the Central Europe, Middle East and Africa (CEMEA) region, 58% of Growth Corporates used working capital solutions last year. The region’s low usage rate...
Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers. The company announced on Wednesday (April 24) a new product suite and several cross-industry partners to combat the use of AI to...
Visa is seeing continued momentum in Tap to Pay and digital credential issuance, as consumers continue to spend on their debit and credit cards. CEO Ryan McInerney said on the call that overall payments volume in the second fiscal quarter was up 8% year over year...
Visa-owned payments platform Tink has launched an open banking partnership with expense-sharing app Splitwise. The collaboration, announced Monday (April 22), brings Pay by Bank to Splitwise users, letting them make direct payments from within the Splitwise app, starting in the U.K. “We have always believed that...
For consumers no longer carrying wallets full of cash, ease and convenience are top of mind, PYMNTS Intelligence reveals. By the Numbers The June 2023 PYMNTS Intelligence study “Consumer Inflation Sentiment Report: Consumers, Cash and the Inflationary Economy” drew from a survey of more than 2,100 U.S....
Half of Brazilian consumers are adopting Click-and-Mortar™ shopping strategies, and the country trails only Saudi Arabia in the Click-and-Mortar™ transformation. The approach blends online and in-store shopping experiences through digital features and has rapidly gained traction worldwide. Brazil’s merchants have the opportunity to emerge as...
AffiniPay has expanded the availability of its payment processing solutions for attorneys and accounting professionals to Puerto Rico. These solutions, LawPay and CPACharge, are already used by more than 80,000 law and accounting firms in the United States and Canada, the company said in a Thursday (April 18) press release....