Competition in the global mobile payment market has intensified in recent years with the emergence of strong Chinese players that are looking to grab a piece of the pie that American payments behemoths Visa and Mastercard have long controlled. “If you look at the world...
When it comes to restaurant spending, consumers are opting to use credit cards when they spring for a premium meal but sticking with debit when it comes to smaller-check purchases, according to PYMNTS data. Research from the March edition of the Digital Economy Payments report,...
Checks and card transactions are giving way to electronic payments, done through an automated clearinghouse (ACH). Jason Carone, senior vice president of ACH product management at The Clearing House (TCH), told PYMNTS’ Karen Webster that ACH’s growth is paving the way, seamlessly, for faster payments....
Logistics FinTech RoadSync has launched RoadSync Advance, a broker and carrier payment management platform. “RoadSync Advance makes it easier and faster for brokers and carriers to pay accessorial, lumper and other over-the-road fees, reducing driver delays and improving back-office insights for reconciliation, fraud prevention and...
Contactless payments are transforming any number of sectors and verticals, including mass transit across municipalities and the world. In an interview with PYMNTS, Elizabeth Karl, vice president and global head, payments consulting at American Express, noted that the pandemic has spurred demand by consumers for...
Global payments firm Nium debuted a brokerage payment tool Wednesday (March 16) that’s designed to serve as a faster and cheaper alternative to the SWIFT payments network. “Global brokerage firms are seeing increased retail investor interest in overseas equities markets, particularly in the United States,”...
When consumers receive a delivery from Amazon, they’ve prepaid online with a credit card. Commercial consignment works differently. When companies deliver a large quantity of commercial products — whether it be consumer packaged goods (CPGs) or office furniture — they often have a cash-on-delivery arrangement...
The groundswell against the app stores and their commissions comes to the states. Apple and Google have been in regulators’ crosshairs at the federal level, and in the courts, over the operating structure of their app stores. More specifically, scrutiny had focused on how those tech...
At the core of restaurant aggregators’ value proposition for consumers is the instant, on-demand convenience they offer, promising to provide what customers want, when they want it. As such, to maximize value, aggregators must provide the most seamless and flexible experience. Uber Eats, for its...
