U.K.-based FinTech Revolut has added an open banking tool to its payments Gateway offering. This new feature lets businesses accept fast, secure payments from a customer’s bank account, and comes amid a surge in popularity for open banking, or “pay by bank” in the U.K., Revolut said in a news...
Mastercard has introduced new tools to help developers and businesses get ready for artificial intelligence-powered payments and agentic transactions ahead of the global launch of the Mastercard Agent Pay program. “We’re building the infrastructure for a new generation of intelligent transactions, where consumers and developers...
Ant International and Standard Chartered are trialing a Swift-system-backed bank-to-wallet payment solution. Live productions of this solution using the ISO 20022 financial messaging standards are underway, Standard Chartered announced Wednesday (Aug. 27). Using Ant’s Alipay+ global wallet gateway services, the first transactions were completed between a Standard Chartered Bank customer account...
Text-to-pay platform Authvia has integrated Visa’s real-time money movement capabilities into its core offering. The collaboration with Visa Direct, announced in a Monday (Aug. 25) news release, allows for real-time disbursements across industries such as healthcare, automotive services, insurance and gig economy platforms with a single text message. “Whether it’s...
Traditional credit cards are facing pressure in the battle for consumer spending power. While general-purpose cards remain the workhorse of American credit, their use for installment payments is growing far more slowly than private-label store cards — a shift driven, as PYMNTS Intelligence has found,...
Visa reportedly must continue to face a class action lawsuit filed by merchants alleging that the company has a monopoly in the debit card market. A judge rejected Visa’s argument that some of the merchant plaintiffs should be removed from the case because they released...
It’s rare to witness a classic payment instrument not just endure but thrive by reinventing itself. Such is the case with gift cards. Mary Bailey, senior product manager for Bank of America’s gift card program, has witnessed this evolution firsthand over nearly two decades. Bailey...
Consumers no longer choose cards. They choose the card that best fits the task in front of them, whether it’s paying rent, funding a trip or padding a rainy‑day reserve. Winning that first‑choice position demands a toolkit that flexes by moment, not just by FICO...
Cross-border payments platform dLocal has debuted a solution for Brazilian merchants centered around the country’s Pix payments system. The new solution, SmartPix, lets merchants process tokenized Pix payments, including recurring and on-demand charges, without having customers manually authorize each transaction, dLocal said in a Wednesday (Aug. 6) news...