The online gambling industry has witnessed remarkable growth in recent years, fueled in part by the pandemic-induced closure of physical casinos. As a result, more players have turned to online platforms for their gambling activities. However, one of the most common grievances among gamblers is...
French payment infrastructure provider Mangopay has teamed with Storfund to help sellers get paid faster. The company announced its collaboration with the British FinTech in a news release Tuesday (Jan. 16), saying it would let marketplace sellers eliminate the typical 10 to 30-day wait for payment for their sales, and instead...
Corporate payouts platform Onbe has teamed with TimeForge to help restaurant workers get tipped faster. The partnership will see Onbe combine its digital payout offering with TimeForge’s tip tracking solution to turn the “cash-heavy” tip payout process into a digital experience, the companies announced in a news release Thursday...
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and refining their instant payment systems to meet consumer needs. Some nations, led by central banks...
Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make digital payment systems faster by 2027 ignore the risk of heightened vulnerability to financial crime and money laundering. As PYMNTS...
Across the ever-changing payments landscape, the demand for faster transactions has become increasingly prominent. But before organizations can offer, or accept, faster payments, they need to choose the right partner to do so. “Whether you’re going to build the pieces [for faster payment infrastructure] yourself,...
In a fast-paced business environment, the demand for flexibility in financial transactions is paramount, and non-recurring ad hoc payments account for nearly two-thirds of the monthly revenue of small and medium-sized businesses (SMBs), per recent PYMNTS Intelligence research. This reality emphasizes the importance of efficiently...
Rental prices keep on rising year after year, and some rental contracts have been tightened by requiring larger deposits at the signing. To illustrate: since early 2020, house rents have increased nearly 30% overall, according to the real estate website Zillow. Higher rental costs and...
Immediacy will always prove to be a winning concept — particularly within payments. Convenience, simplicity and security are three core pillars of today’s increasingly connected and digitized world. “A lot of consumers and businesses think they have instant payments today,” Jim Colassano, senior vice president...