Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the form of a mobile virtual card app engineered to provide financial institutions with options...
Klarna has opened its waitlist for the new Klarna Card to all U.S. consumers and said the credit card will roll out over the next few months. The new card, which is already available in Europe, offers flexible payment options both in-store and online, can be used...
The first payment in the ISO 20022 message format on the CHIPS network was completed by Japanese financial institution MUFG Bank and European financial institution Crédit Agricole Corporate & Investment Bank, The Clearing House said in a Wednesday (April 17) press release. “We congratulate Crédit Agricole Corporate & Investment Bank and MUFG for completing...
From restaurants to rideshare platforms and hospitality, the rise of digital tipping is reshaping how consumers express gratitude for service. This shift toward digital gratuity represents more than just convenience — it’s a reflection of broader societal changes, impacting both employee retention and transactional consumer...
Payments infrastructure provider Transaction Network Services (TNS) has launched payment and network solution Complete Commerce. As the company noted in a Tuesday (April 16) news release, enterprises need to deliver user-friendly, reliable and secure payments experiences while also juggling evolving consumer behavior, regulatory demands and technology...
Money transfer firm Wise saw its number of active customers grow 29% year over year during the fourth quarter of fiscal year 2024. That growth brought its total number of active customers to 7.9 million, Wise said in a trading update released Tuesday (April 16). Among those customers...
Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data product. Announced Tuesday (April 16), it lets businesses more easily share their spending and supplier data from enterprise resource planning (ERP) systems and...
The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the use of stablecoins for retail payments, “we are increasingly complementing that work with a focus...
For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass the middleman to move money quickly from one account to another, commonly enabled by providers such as PayPal, Venmo or...