Hong Kong-based digital bank ZA Bank has become the first card-issuing bank to enable Visa Click to Pay in Hong Kong and will do the same in 11 more Asia-Pacific markets in the future. Click to Pay enables cardholders to complete online transactions in seconds,...
In an age where consumer expectations evolve at the speed of a TikTok trend, financial institutions and payment providers face an increasingly complex question: how do they build systems, strategies and experiences for a generation that hasn’t even fully formed its preferences yet? “At the...
No matter what ultimately happens with the Consumer Financial Protection Bureau’s Rule 1033 (also known as the open banking rule), pay by bank is here to stay. Matt Janiga, director of regulatory affairs at Trustly, has had a front-row seat to the evolution of open...
Has open banking lived up to its potential in Great Britain? So far, not really, the Financial Times (FT) argued in a report Monday (May 26). The report noted that opening banking has seen success in some areas, like allowing for faster lending decisions. However,...
In the always-on, 24/7 feedback loop of financial services, technology accelerates change, and customer expectations constantly evolve. The noise can be deafening. Yet, a report from PYMNTS found that the most potent insights and opportunities aren’t found in the latest algorithm or blockchain breakthrough, but...
Galileo Financial Technologies and Atomic have introduced a product designed to enhance consumer bill payments. Galileo Payment Method Switch, announced Tuesday (May 20), makes it easier for people to update their default payment method, such as debit cards, credit cards and bank accounts, across merchants,...
Anyone who wants to learn about a winning mindset can find no shortage of quotes to get inspired. Maybe the best one comes from the GOAT (Greatest of All Time) himself. “I’ve missed more than 9,000 shots in my career,” basketball legend Michael Jordan has...
Agentic agents, automated payments and consumer-permissioned, data-rich tokens will transform loyalty and rewards — moving beyond the merchant-by-merchant siloed experience that is the hallmark of those programs today. In the report “Beyond Points and Perks: How Relevant Benefits Drive Cardholder Engagement,” a collaboration between PYMNTS...
In the report “Bridging the Gap: Helping Acquirers Meet Evolving Merchant Demands,” a joint effort between PYMNTS Intelligence and Visa Acceptance Solutions, we found that “unified” commerce can improve interactions between merchants, acquirers and consumers. For consumers, the ease of a digital-first shopping journey is...