Canadian FinTech Nuvei has launched an enhanced omnichannel payments solution for merchants and platforms. The unified commerce offering, being made available to customers outside of North America for the first time, lets businesses “develop new customer payments experiences with greater control and unified analytics effortlessly,” the company said...
Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are offered, spanning pay-ins … and payouts. He noted that there’s already a history of banks linking to various payment options...
Online payments provider AffiniPay has debuted in-person payments for its professional customers. The new offering, announced Monday (Feb. 5), is designed to integrate in-person payment devices across products and interfaces, offering “on-the-go and in-office payments and with the latest ‘tap-to-phone’ technology for mobile.” According to the company’s announcement,...
Often as part of loyalty initiatives, brands and merchants partner with financial institutions to launch their own credit cards. These store cards or merchant-branded cards not only allow cardholders to access a series of benefits such as discounts or reward points when purchasing products, but...
In recent years, split-pay options have gained popularity among consumers of all demographic groups looking for greater flexibility in managing their expenses. Among all consumer segments, the leading users of installment purchase plans are neither millennials nor lower-income earners but high-income consumers. This applies for...
Fiserv says members of its uChoose program can now use card reward balances to buy gas. The new offering, announced by the payments FinTech Monday (Jan. 22), lets users purchase fuel at roughly 7,000 BP and Amoco stations. “Expanding our rewards redemption options to include uChoose Rewards gives our...
Pay-by-bank payments, also known as account-to-account (A2A) payments, allow consumers to transfer funds between bank accounts in real time. These payments bypass traditional card networks and utilize intermediaries like peer-to-peer (P2P) service providers such as Venmo or PayPal. One of the main benefits of A2A...
Ad hoc payments are considered outside of recurring invoicing and check requests and can be processed in any payment method, directly to a bank account, in cash or via any form of instant payment system. Being the most common payment an average firm receives, by...
The use of split-pay plans is already widespread, and the last holiday shopping season was no exception, with consumers relying on different installment plans. The question of whether consumers will continue using these plans is already answered — they will — but another question has...
