By 2030, more than 6 billion people could be using digital wallets. That’s according to Mastercard, which on Thursday (Sept. 10) introduced a set of solutions designed to help wallet providers offer a better user experience. Mastercard Wallet Pay is “designed to foster interoperability and innovation” for digital...
The payments industry has traditionally talked about transaction data as something companies can analyze after money moves. But card networks are now beginning to test using payment data to determine how much money can move next. On Tuesday (Sept. 8), Visa announced an initiative combining VisaNet settlement data...
Artificial intelligence may be changing where consumers decide what to buy before it changes where they pay for it. “We are seeing adoption for shopping, but not yet for autonomous payments,” Visa CEO Ryan McInerney said Tuesday (Sept. 8) at the Goldman Sachs Communacopia +...
Visa has launched a program designed to help stablecoin-linked card programs and FinTechs access working capital through on-chain lending, the company said in a Monday (Sept. 8) press release. By combining settlement data from its VisaNet payment network with on-chain credit infrastructure, Visa helps lenders...
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....