Payments Innovation

Payments Innovation
Visa Direct Takes Preferred Partner Program Live Worldwide
August 10, 2022

The Visa Direct Preferred Partner Program is now available to FinTechs, acquirers, treasury banks and payment processors worldwide as a way to help providers have access to the right tools to develop successful global money movement solutions. Offering technical training, sales, and go-to-market resources, the...

Payments Innovation
FinTechs Offer Trade Credit Bridge Between Banks, SMBs
August 09, 2022

Small businesses have found it difficult to keep up with digital innovations in payments and financing. Banks too face challenges developing and implementing systems scaled to small and medium-sized business (SMB) digital payment innovation. FinTech is coming to the digital rescue, developing solutions including networks...

Payments Innovation
PYMNTS Intelligence: Leveraging Payments Orchestration to Enhance Success Rates
August 04, 2022

Spurred by the pandemic’s chilling effect on brick-and-mortar retail, consumers who discovered the convenience of contactless cards and peer-to-peer (P2P) payment apps have turned to digital payments more than ever before. Businesses are rushing to meet this demand, especially for cross-border purchases. United States global...

Payments Innovation
Supreme Golf on Leveraging Payments Orchestration to Prevent Payment Declines
August 03, 2022

When payment gateways go down, transaction declines go up and customers' frustrations and defections aren't far behind. In the latest "Payments Orchestration Playbook," Ryan Ewers, COO at digital tee-time platform Supreme Golf, tells PYMNTS how important orchestration is in keeping declines to a minimum and...

Payments Innovation
Rising Decline Rates Increase Merchant Interest in Payments Orchestration
August 02, 2022

Two-thirds of adults around the globe now leverage digital payments on a regular basis, including 57% of consumers in developing countries. Offering these digital payment options smoothly and seamlessly is easier said than done, however, with a seemingly endless array of complications in processing these...

Payments Innovation
IDEX Biometrics Debuts Payments Cards in Turkey
July 25, 2022

Due to consumer demand, IDEX Biometrics on Monday (July 25) launched a biometrics payment card program across Turkey that should be in consumers’ hands by the first quarter of 2023, according to a press release. Earlier this year, IDEX, a provider of fingerprint identification technology,...

Payments Innovation
APIs Have Become FinTechs’ Keys to the Money Mobility Kingdom
July 15, 2022

Consumers have grown to expect seamless and innovative payment experiences, and FinTechs are delivering. But they also face competition as financial institutions (FIs) and even device manufacturers such as Apple innovate how consumers can send and receive funds. To stay competitive, FinTechs must develop an...

Payments Innovation
C2B Payments Firm Sionic Unveils Nonprofit Tools
July 06, 2022

Consumer-to-business payments firm Sionic says it is releasing online and mobile widgets that accept real-time, bank-to-bank digital donations. The Atlanta-based company announced the launch in a news release Wednesday (July 6), saying the move will allow for instant, lower-cost cash deposits to nonprofits from donors....

Payments Innovation
This Week in Payments: Inflation Drives Shift in Customer Mix for Restaurants as Consumers Trade...
July 01, 2022

Efforts to save money were prominent in the news this week, with reports that consumers are trading down from restaurants to groceries and news that Amazon has extended its Prime benefit to Amazon Fresh stores.  Restaurants and other businesses can respond to these trends with...