Peer-to-peer (P2P) payments, a long-standing vehicle for transactions between consumers, has evolved recently into usage between merchants and consumers as well. The steady growth of P2P transactions for any purpose is illustrated in proprietary research created for the PYMNTS’ “Quarterly Payments Report: Mobile Wallets Gain...
American banks reported nearly $19 billion in loan losses during the second quarter. As the Financial Times reported Wednesday (Aug. 9), the $18.9 loan-loss rate is the highest in three years, coming as banks deal with an increase in defaults among credit card users and...
The world of payment services is constantly evolving and can be frustrating to navigate. That’s why payments orchestration is so important. And for those businesses that find themselves wondering just what exactly payments orchestration is or entails — chances are they might be one of...
The embrace of omnichannel commerce as the pandemic recedes has brought a “new normal” for merchants, Adam Gunther, senior vice president and chief product officer at Kount, an Equifax Company, told PYMNTS in a recent interview. “There are new fraud and theft vectors,” he said,...
Manufacturers increasingly prefer real-time payments for their business-to-business (B2B) payments. More than 99% of firms have opted for this instant and secure payment method for at least one B2B transaction in the last year. PYMNTS’ latest study shows that 59% of manufacturing firms plan to...
What is the value of doing this? It is a common question and one that Bill Fox, chief commercial officer at smart B2B payments network Finexio, told PYMNTS he gets “all the time.” Fox explained that behind the question is the fact that people and...
Emerging from the pandemic, companies need to put payments at the center of their strategic roadmaps, according to Nuvei Chief Revenue Officer Laura Miller. For Miller, the “one thing” that’s top of mind for her firm’s enterprise clients is understanding the best practices within their...
Luxury travel subscription brand Inspirato has entered into a definitive agreement for a new $25 million convertible note investment from Capital One Ventures. The funding will provide the brand the opportunity to further advance its mission of leveraging innovation to drive customer satisfaction and growth, Inspirato said in a Tuesday...
Google and Universal Music are reportedly in talks about a licensing agreement for artificial intelligence (AI) generated songs. The discussions center on how the technology allows melodic and vocal mimicry of established artists in the form of “deepfake” songs, the Financial Times (FT) reported Tuesday (Aug. 8). The...
