CFOs have typically solved payments problems by buying more payments technology. A new rail for faster settlement, another provider for cross-border payments. Fraud software, treasury platforms, AP automation, virtual card capabilities, and countless APIs connecting everything. Of course, it usually then took more software to...
Bank of America’s digital platform for treasury tasks, CashPro App, was used by European companies to approve more than 100 billion euros (about $115 billion) in payments in the first seven months of the year, the bank said in a Thursday (Sept. 17) press release....
For six years, India’s United Payments Interface (UPI) has been free for everyone involved, but that’s reportedly about to change. Reuters reported Wednesday (Sept. 16) that India is set to begin charging merchants a 0.4% fee on transactions of more than 2,000 rupees ($21), known as the merchant discount...
ACI Worldwide has agreed to acquire Cranium Ventures, a privately held developer of cloud-native card payment switching technology, as it seeks to expand its card-processing capabilities. The Omaha, Nebraska, payments technology company said Tuesday (Sept. 1) in a press release that it will incorporate Cranium’s...
Samsung South Africa has added a new QR payment feature to its digital wallet. Scan to Pay is designed to offer Samsung Galaxy users an alternative to physical cards and make checkout quicker, the tech company announced Friday (Aug. 28). “Scan to Pay is designed...
Digital bank customers are not just more comfortable with new payment experiences. With the right incentives, they also appear more willing than other consumers to move much of their spending to a different payment method. The PYMNTS Intelligence report “Pay by Bank Deep Dive: Digital...
The card-issuing platforms that grew up alongside, and serving, FinTechs are following their customers into businesses that have little to do with issuing another card. There is a common commercial calculation across several examples. Once a company is plugged into a customer’s payments operation, card...
Walmart will soon begin rolling out tap to pay as a payment option at Walmart and Sam’s Club locations, the company said in a Friday (Aug. 21) press release. The retailer will begin enabling tap to pay at select stores and clubs on Monday (Aug....
Digital wallets have made the phone a familiar place to pay. X Money is testing whether a social platform can claim a place in that payment routine. Consumers already have wallets on their phones, stored credentials at merchants and payment apps that reduce the work...