With the rise of eCommerce bringing more retailers than shoppers could ever exhaust, consumer-facing businesses of all types fear cart abandonment above nearly everything else. Never has it been easier for a consumer to find a similar product or experience at an alternative vendor, making...
Payment processor Elavon has formed a partnership with the California Restaurant Association. The U.S. Bank-owned company announced Wednesday (April 20) that the partnership will offer payment tools to the association’s 22,000 members. “The California Restaurant Association needed a payments partner that could help add affinity...
The push and pull on student loans has spotlighted SoFi’s digital platform model and the emergence of online financial service ecosystems. As widely reported, SoFi has turned to the U.S. court system to try and halt the Biden administration’s continuing moratorium — and the latest...
Compared to other African markets which have high levels of unbanked populations, more than 80% of South Africa’s population has access to a bank account. However, that access to financial services is largely underused as many people still rely on informal channels and transacting in...
Digital innovation is coming to corners of the economy that need it but haven’t necessarily taken those steps yet. That fact is creating a new sense of urgency around digitizing business processes across the spectrum of industry verticals. We analyze this in the study “Digital...
With paper check fraud reportedly doubling in 2022, the need for digital disbursement options has never been more urgent — or more desired by consumers, many of whom in key demographic groups like Gen Z have never even possessed a paper checkbook. Because of their historic ubiquity,...
Six in 10 consumers use stored payment credentials for subscription payments and shopping online. Even though some consumers painstakingly enter their payment information every time they submit a payment, there is a clear need for the convenience a payment credentials vault would offer. More than...
The next installment in PYMNTS’ generational mini-series takes a deep dive into Generation Z’s digital habits and behavior. Born between 1997 and 2012, Gen Z is the youngest generation that includes adult members and, for that reason, the youngest age cohort PYMNTS regularly studies. (PYMNTS’...
J.P. Morgan Payments says it has begun offering real time liquidity sweeping solutions. According to an announcement provided to PYMNTS Tuesday (March 21), this enhancement to the company’s payments platform lets clients fund real-time payments with their existing liquidity seven days a week, thus making sure...