Payments Innovation

Payments Innovation
White-Label Payments Solutions Monetize Resellers’ eCommerce Efforts
May 16, 2024

In an increasingly digital world, the ability to accept and process payments anytime, anywhere has become a critical component of business success. And white-labeling payment solutions has emerged as a powerful tool for sales organizations and merchants to streamline their operations and boost their bottom...

Payments Innovation
Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
May 16, 2024

The best, and most lasting innovations, are those that beget other innovations.  That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology or infrastructure. Each new innovation becomes a link to subsequent ones, forming a continuous chain of...

Payments Innovation
Biometric Wallets Emerge as Payments Modernization Strategy
May 08, 2024

As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns —...

Payments Innovation
CFPB Rule 1033 Will Hasten Shift to Open Banking in US
May 07, 2024

Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it. In a press release issued Oct. 19, the CFPB said Rule 1033 “would accelerate a shift toward open banking, where consumers would have control...

Payments Innovation
Payment Networks Spotlight Rise of Tokenization and Contactless Payments
May 02, 2024

Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight. PYMNTS Intelligence data noted earlier this year that more than half of consumers surveyed said they still preferred to...

Payments Innovation
Thredd CEO: Compliance Will Define Future of Payments
April 25, 2024

Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than ever before — particularly given the shifting dynamics and challenges of the contemporary macro operating environment, where courageous and agile...

Payments Innovation
Corporates Shift Mindset Back to Growth
April 25, 2024

Inflation, inflation and inflation. The drum beat has defined the past year in the financial services business and reached a crescendo in the first quarter. But, according to payments orchestration solution provider Spreedly, which sees $50 billion in gross transaction volumes on its platform, a successful payments strategy can meet consumers where they are, as companies...

Payments Innovation
Square Expands Offline Payments to Entire Hardware Lineup
April 23, 2024

Square has expanded the availability of offline payments to every hardware device, in every country. The company has offered this no-connection-required solution for 10 years on some of its devices, expanding it to a growing number of units over that time, and now offers it across the entire...

Payments Innovation
Visa Acceptance Enhancements Connect AI to Click-and-Mortar™ Shopper
April 17, 2024

Earlier this year, Visa and PYMNTS Intelligence trained a spotlight on the Click-and-Mortar™ shopper. This fast-growing segment, who seek digital features with the instant gratification of in-store shopping, offers both challenge and opportunity for merchants as they offer up reimagined experiences in the aisles, at the register and online.  ...