With back-to-school season upon us, we took a look at the higher education side of the ledger. The silent drain of outdated payment systems in American higher education is costing universities far more than just missed tuition payments, impacting everything from staffing efficiency to institutional...
As digital commerce continues its ascent, the nuances of payment processing dictate whether businesses capture or lose customer relationships. The PYMNTS Intelligence report “Big Three: How Choice, Confidence and Convenience Drive Payments Optimization” reveals that achieving peak payment performance hinges on minding customers’ three C’s:...
Google Play launched a partnership with Thailand-based Kasikornbank and Ant International’s Antom. The collaboration resulted in the launch of K Plus as a new local payment method on Google Play, according to a Thursday (July 31) press release. It’s the first time a Southeast Asian...
Klarna continues to expand beyond its pay-later roots with new financial services permissions. The Swedish FinTech announced Wednesday (July 30) that its British subsidiary Klarna Financial Services UK (KFSUK) has been authorized by the U.K.’s Financial Conduct Authority (FCA) as an electronic money institution (EMI). This authorization, the company...
Singapore’s banking association has debuted an ePayments tool to help businesses transition from paper checks. EDP and EDP+, announced by The Association of Banks in Singapore (ABS) on Monday (July 28), follows an effort by the country’s financial regulator to phase out corporate checks. “The...
Mastercard has launched a service designed to protect account-to-account (A2A) payments against fraud. Mastercard A2A Protect, announced Monday and launching first in the U.K., is designed to offer fraud prevention technology and a “new clear” dispute resolution framework. “With Fast A2A comes fast fraud, and...
Samsung is bringing installment payments to its digital wallet in collaboration with Splitit. The new feature for the Samsung Wallet lets users pay over with their existing credit at in-store points of sale, according to a Thursday (July 24) news release. It marks the first time an...
A new report suggests that while initial cost concerns may deter merchants from adopting pay by bank, the long-term financial and operational benefits for consumer-facing businesses could be substantial, potentially surpassing the expenses of traditional payment methods. The pay-by-bank study, produced by PYMNTS Intelligence in...
Visa and ICBA Payments, a subsidiary of the Independent Community Bankers of America (ICBA), have renewed their 40-year partnership and plan to expand it by providing community banks with streamlined access to the Visa Direct real-time money movement platform. Streamlined access to Visa Direct will...