Six in 10 adult consumers in the United States opened at least one new financial account in 2021, meaning a minimum of 152 million such accounts were activated last year. Whether financial institutions know it or not, these accounts compete for consumers’ use and attention....
Online bank Revolut has launched a new payroll management service in the United Kingdom, the company announced. Called Payroll, the service will let customers manage payroll out of their business banking accounts. “We’ll calculate taxes, (National Insurance) and pension contributions for you. All you need...
Digital payments infrastructure platform Buy It Mobility Networks has launched “Buy Pass,” a product designed to give merchants easier access to branded payment alternatives. “Launching new solutions and payment options can be complex and resource intensive for merchants, especially as the pace of innovation and...
Consumers’ shopping and payment preferences and needs have shifted drastically since March 2020, with a rising number of consumers turning to digital-first businesses or channels to make more of their routine transactions. Companies, such as retailers, have had to adjust accordingly, with many altering their...
The combination of pandemic-related restrictions and consumer fears of contracting COVID-19 through cash transactions and ATM visits helped drive a sudden enthusiasm for contactless payments in 2020. And nearly two years after the first COVID-19 lockdowns began, that enthusiasm doesn’t seem to be waning. In...
The pandemic largely flattened the $18 billion trade show industry, leaving businesses scrambling to find better ways to foster and form virtual relationships with potential vendors. In the latest Payments Orchestration Playbook, multivendor wholesale platform Ribbon's Lindsay Thain explains the role of payments orchestration in...
With Amazon reporting its earnings this week, there was much news about eCommerce, competing platforms and the challenges around supply chain, inventory and fulfillment. The metaverse also continued to earn space in the news, with Activision Blizzard and Meta releasing earnings reports too. Teikametrics CEO...
What consumers want out of their interactions with businesses has changed rapidly since the onset of the global health crisis, with more individuals than ever flocking online or to digital-first payment methods, such as mobile wallets, to complete their purchases. Recent PYMNTS data found that...
Visa is calling for a standardized payment system for Europe’s electric vehicle (EV) charging points that will allow drivers to pay with their chosen method. As Business Review reported Wednesday (Feb. 2), the system would chiefly be based around the adoption of open-loop and interoperable...