Acquirers — the financial institutions that provide the infrastructure for merchants and businesses to accept card payments — operate behind the scenes but can play a pivotal role in enhancing customer experience. Yet, as PYMNTS Intelligence found in compiling its study, “Acquirers’ Navigation of an...
PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service is now available for all U.S. Venmo business profile and PayPal Zettle users, letting them accept contactless card and digital wallet payments on their iPhones with...
A strategic, forward-thinking approach to working capital helps separate top-performing middle-market firms from their peers, according to Visa. The latest release of the “2023-2024 Growth Corporates Working Capital Index,” noted that middle-market firms with revenues between $50 million to $1 billion annually perform most efficiently...
When it comes to digital wallet adoption, the youngest consumers are outpacing older generations by a wide margin, PYMNTS Intelligence research reveals. By the Numbers The report “How Preferred Payment Availability Can Reduce Cart Abandonment,” a PYMNTS Intelligence and Adobe collaboration, draws from a survey...
In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European banks from seven countries, sought to launch such a network. But much hinged on agreements...
Education payments solution provider Transact Campus launched a B2B bulk tuition payments portal. Transact Sponsor Payments is designed to make it easier for third-party payors to make bulk payments toward student tuition and fees to finance offices at colleges and universities, according to a Tuesday (March 5) press...
Visa appointed Michiel Wielhouwer as its president and country manager for Visa Canada, saying he will move to that role from his previous one as executive director of Visa’s France, Belgium and Luxembourg business. Wielhouwer will succeed Stacey Madge, who served in the role for the past seven...
Visa and Western Union have formed a new agreement centered on cross-border payments. The expanded partnership, announced Tuesday (March 5), lets Western Union customers send money to loved ones, Visa cards and bank accounts in 40 countries. According to a Visa news release, the collaboration covers card issuance, Western Union’s...
J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Having been granted this license, the bank plans to support the French payment method for merchant clients by the end of 2024, J.P. Morgan...