Mastercard has introduced a service aimed at improving approval rates for merchants. The Payment Optimization Platform (POP) uses data to make “intelligent decisions about transactions,” the company said in a Monday (Oct. 13) announcement. According to Mastercard, early tests show a 9% to 15% uptick...
The way money moves is changing faster than ever, and so are the conversations shaping it. To give audiences a more dynamic way to engage with the ideas and leaders defining the digital economy, PYMNTS launched the PYMNTS Podcast, a new destination for the stories...
The digital divide that once separated who paid how across borders is narrowing fast. In the United States, digital wallets have become the great equalizer. They’re used almost as readily by retirees as by recent college graduates, and by middle-income consumers as by the wealthy....
Mastercard has unveiled a new digital media network designed to deliver personalized advertising across its owned channels and other channels. The new Mastercard Commerce Media will use insights from permissioned data to deliver personalized offers and content to consumers, and it will use proprietary card-linking...
Thunes is offering its Pay-to-Banks solution to financial institutions via their Swift connectivity. The new solution lets the 11,000 banks within the Swift network connect to Thunes’ network with no additional integration needed, providing faster business and consumer payouts to four billion bank accounts, the...
Watch more: The Digital Shift: Visa DPS, Nick Roberts Data has become the tightest lever in card issuing. It protects portfolios, fuels growth and keeps operations lean. But only if banks can turn raw transactions into decisions at the speed of a tap. That is...
Virtual cards remain stuck in neutral for many businesses — not because buyers lack interest, but because supplier acceptance still lags. Supplier skepticism is a perennial obstacle. Costs and legacy processes often take center stage. Abhishek, global head of B2B Acceptance at Visa Commercial Solutions,...
Klarna says more than 1 million Americans have signed up for the Klarna Card in the 11 weeks since its July 4 launch in the United States. The Klarna Card gives consumers the choice of paying instantly with debit or spreading the cost over time,...
Mastercard launched a Global Reach Partner Program, which is designed to help its customers enter new markets. “As the world becomes more globally connected, customers across Mastercard’s ecosystem, including banks, FinTechs, crypto players, merchants, marketplaces and digital platforms, aspire to deliver their services across multiple...