The gig economy and gaming industries have driven a rise in ad hoc transactions, payments made outside of regular invoicing and payroll. Businesses are relying on instant payments to streamline these transactions, which involve contractors, consumers and small businesses. According to a PYMNTS Intelligence report,...
Mastercard is bringing its TRACE financial crime-fighting and anti-money-laundering tool to the Asia-Pacific region. TRACE uses “timely and large-scale payments data from multiple financial institutions” to provide intelligence beyond a “financial institution’s siloed view,” allowing financial crime tracing across payment networks, according to a Thursday...
Last year appears to have been a landmark one for peer-to-peer (P2P) payment app Zelle. During 2024, American consumers and small businesses transmitted more than $1 trillion using the platform, the most money ever sent on a P2P service in a single year, the company announced Wednesday (Feb....
For online merchants — no matter in which country they operate, no matter what they are selling — there are two sides to what might be called the eCommerce coin. There’s the user experience on one side, which leads to conversion. Then there’s the other...
Visa plans to use the ServiceNow Dispute Management, Built with Visa solution to further streamline payment card dispute resolutions for clients and help issuers meet compliance requirements. The company will use the solution to power its Visa Dispute Management Service (VDMS) and Visa DPS Dispute...
Mollie has expanded its Tap to Pay on iPhone capability to merchants in three more European countries: Austria, Italy and the United Kingdom. With this capability, merchants can use the Mollie app on iPhone to accept contactless payments, the financial service provider said in a...
When it comes to payments, the “set it and forget it” option certainly has its allure. Providing card or account details to a provider ensures that the service being provided — say, a utility, or streaming media (or, separately, even an outstanding bill that’s being...
Web3 development studio FSL has introduced its payment solution GMT Pay. Announced Wednesday (Jan. 22), the tool lets users earn income from the FSL lifestyle app STEPN and then use those earnings to make real-world purchases. “Three years ago, the idea of a Web3 payments app felt like...
Cantaloupe has introduced a card reader for amusement and arcade operators that enables cashless payments and allows customers to pay once and then enjoy multiple plays. The new Engage Pulse card reader helps operators boost their revenues and enhance the customer experience, the company said...