Consumers are less confident about economics — on a macro and a personal level — than they have been for quite a while. They’re mulling where they can throttle back spending, and in other cases they may be shifting how they want to pay, using...
Despite its potential, pay by bank, or open banking payments, remains a largely untapped opportunity, but a new report suggests that the right incentives could be the key to unlocking widespread consumer adoption. The collaboration between PYMNTS Intelligence and Trustly, titled “What Consumers Need for...
The standalone Zelle app can no longer be used for sending or receiving money, and users are being invited to enroll to use the peer-to-peer payment method through a participating bank or credit union’s app. Zelle had announced in an Oct. 31 blog post that...
FinTech company QorPay collaborated with Cybersource to integrate Visa Platform Connect (VPC) and other Visa value-added services into QorPay’s payment ecosystem. QorPay is a provider of payment solutions, while Cybersource is an open, network-agnostic ecosystem from Visa Acceptance Solutions that offers modular payments services, the companies said in a Thursday (March...
The federal government’s move to eliminate paper checks by Sept. 30 signals a massive shift toward digital transactions, potentially saving the Treasury $750 million. This transition, driven by an executive order, could accelerate the adoption of real-time payments across government and business. PYMNTS breaks it...
Welsh FinTech Burbank has raised $6 million to bring “tap and PIN” payments online. The company’s funding round, announced Tuesday (March 25) on its LinkedIn page, will help Burbank develop its “Card Present over Internet” (CPoI) tool, which it calls a first-of-its-kind technology aimed at...
JPMorgan Chase and Walmart reportedly partnered on an embedded finance solution that lets merchants selling products through the retailer’s marketplace platform accept and make payments and manage their cash flow. This offering is now available for U.S. merchants, but it may be expanded to Europe and other regions, Reuters reported Monday (March...
Worldpay and Visa have announced the launch of a new Click to Pay with Visa checkout feature for online merchants in the U.K. The Click to Pay option allows customers to complete transactions with a single click, eliminating the need to manually enter card details,...
Pay-by-bank provider Trustly has launched a partnership with Hard Rock Digital. The collaboration, announced in a Wednesday (March 19) news release, will see Trustly provide pay-by-bank services to Hard Rock Bet, the company’s sportsbook/iGaming platform. “Through this integration, Hard Rock Bet players will be able to securely link their bank...