Acquired.com joined 30 other organizations in a collective effort to create a new company that will work to establish and serve as a central operator for commercial variable recurring payments in the United Kingdom. Commercial variable recurring payments are a new payment method that enables...
Value-added services, once the free sprinkles card networks tossed on top of plain vanilla processing contracts, have become core product offerings in an industry racing to stand out and shore up margins. Competitive pressure, shrinking interchange spreads and merchants’ rising bargaining power are pushing processors...
Banks and FinTechs have many of the same goals. They want to be top of wallet, offering everything from direct deposit to account linking and debit cards to help move money in myriad ways. Galileo Financial Technologies Chief Product Officer David Feuer told PYMNTS as...
If there’s a single word that has dominated payments — and the service economy at large — through the last few years, it’s integration. Integration of core payments functions, to be sure, but for processors, the opportunity is there to expand into a broad range...
The service economy thrives on delivering frictionless and user-friendly experiences. For solutions providers catering to merchants and bringing them fully into the digital age, it’s critical to offer integrated payment solutions that can be embedded into platforms, streamlining the checkout process. One-click payments and mobile...
Competition is reshaping payments, and transactions are no longer the main event. They’re just the opening act. As commoditization drives down margins and disruptors reset expectations, payment processors are pivoting from pure infrastructure providers to strategic enablers. The new frontier? Customer-centric value-added services (VAS). “When...
Truist completed the initial testing phase of an alias-based bill payment solution that uses The Clearing House’s RTP® network and Request for Payment (RfP) platform. The internal pilot — which included Truist’s credit card division and employee volunteers — made Truist the first financial institution...
In the fast-evolving world of FinTech, where innovation can often race ahead of regulation, emerging markets present both an opportunity and a challenge for business-to-consumer (B2C) payment providers. Many emerging sectors such as gaming, hemp-based wellness and even online pharmacies are becoming test beds for...
Stripe’s the latest acquirer seeking a special banking charter. Fiserv made the move before Stripe, last year. In the current landscape where payments processors want to maximize operations by minimizing costs, while expanding their business models, the lure of processing transactions directly may nudge other...