Thirty-eight percent of all United States and Canadian businesses use virtual cards to make or receive payments from their business partners. The firms that have adopted virtual card payments like these say that the technology has improved their broader payments operations in an average of...
Though real-time payments (RTP) aren’t yet available in Canada, North America’s commercial northern lights want all the benefits of real-time rails, one might say, in real time. In the study “Accelerating The Time To Realized Revenue Playbook: The Real-Time Payments Edition,” a PYMNTS and Mastercard...
Digital payments have become must-haves in the retail world as customers have come to expect that their credit card transactions will be processed successfully without false declines, lag time or outage-caused interruptions. The global transaction value for digital payments was estimated at $7.4 trillion last year and is projected to reach $15...
In this month’s "Payments Orchestration Playbook," PYMNTS talked with Cristian Niño, group product manager for LatAm delivery aggregator Merqueo, about the need to seamlessly integrate new gateways and reduce the impact and expense of downtime, especially when time really matters.
Digital payments are essential to making eCommerce happen, but they can sometimes be less than reliable. Payment provider outages can occur without warning and last hours at a time before the provider fixes them on the back end, and customers are unwilling to wait that...
Whether it’s the rapid normalization of contactless payments, the buy-now-pay-later boom or the growing interest in cryptocurrencies, the payments industry has been evolving at a rapid pace. In Europe, the Middle East and Africa (EMEA), this evolution takes on a different shape depending on which...
It seems like an exciting time for PayTech — payments technology — in Africa. Across the continent, central banks and regulators are joining forces with the private sector to deliver a more streamlined, increasingly digitized payment ecosystem to meet the growing consumer preference for faster,...
Payment orchestration platform Spreedly debuted its Network Tokenization for Payments program, enabled by Mastercard’s MDES for Merchants (M4M), according to a Tuesday (June 14) company press release. The new offering lets customers choose network tokens or secure, vaulted primary account number (PAN) tokens, both of which...
Payables automation platform Scrypt has joined Visa’s Fintech Fast Track program, allowing the company to accelerate its reach, capabilities and security through the company’s global payments network VisaNet, according to a Monday (June 13) press release. Scrypt’s accounting platform is based on a data operations...
