Retailers continue to grapple with shopping cart abandonment. A February report by PYMNTS Intelligence and Adobe reveals insights that could help online merchants boost conversion rates and enhance customer loyalty. The availability of preferred payment methods is a critical factor in consumers’ online shopping decisions....
Square’s new Orders platform is now generally available to sellers in the United States after being completed during the third quarter. The new order-based infrastructure is designed to help sellers complete a sale “anywhere and anyhow,” the provider of commerce solutions said in a Tuesday...
Ansa and Plaid are teaming up to lower payment costs for merchants and restaurants. The partnership between the digital wallet provider and the data network is designed to provide these businesses — particularly coffeeshops and quick-service eateries — with digital wallets to power “high-converting pay...
Plaid has introduced a new product designed to help businesses allow their customers to pay bills directly from a bank account. The new Plaid Pay by Bank for Bill Pay is designed to provide consumers with a more seamless, cost-effective and secure way to pay...
Visa has released a product to help financial institutions issue fiat-backed tokens on blockchain networks. The Visa Tokenized Asset Platform (VTAP), the company announced Thursday (Oct. 3), is available on Visa’s development platform to allow its banking partners “to create and experiment with their own...
Venmo is reportedly giving users an easier way to make repeat or scheduled payments. The new feature would let customers schedule payments — or requests — on a one-time, weekly, monthly or bi-monthly basis, The Verge reported Wednesday (Oct. 2). The peer-to-peer (P2P) payments company tells the news...
Visa is facing a class action lawsuit from merchants connected to its debit network. The suit accused Visa of anticompetitive behavior related to its debit card network, and was filed in federal court Tuesday (Oct. 1). It comes a little more than a week after...
Visa-owned open banking platform Tink wants to give consumers a better view of transactions. The company on Tuesday (Oct. 1) launched “Merchant Information,” a solution that provides users with a more detailed view of banking transactions, showing them things like a clear brand name, logo,...
After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled to weigh in. Big headlines about big companies — especially concerning DOJ allegations of anticompetitive behaviors and lawsuits to signal...