A shopper who reaches checkout has already selected what to buy. For tens of millions of consumers, however, the available ways to pay can still determine whether the purchase happens. PYMNTS Intelligence’s “The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for...
Visa says it is giving $2 million to support organizations that support small businesses. That commitment from the Visa Foundation is aimed at entrepreneurial support organizations (ESOs) serving small businesses in the U.S., the company announced Wednesday (Sept. 30), opening the program to grant applications. Those grants are geared...
Mastercard has added new trust and intelligence services to its agentic payments program, Agent Pay, the company said in a Wednesday (Sept. 30) press release emailed to PYMNTS. The new services bring together identity, intent, behavioral and fraud insights to help financial institutions and merchants...
Citi has launched Mastercard’s subscription management capability, Smart Subscriptions, in the United Arab Emirates (UAE), Mastercard said in a Thursday (Sept. 17) press release. The launch marks Citi’s first deployment of Smart Subscriptions anywhere in the world, and Mastercard’s first deployment of the capability in...
CFOs have typically solved payments problems by buying more payments technology. A new rail for faster settlement, another provider for cross-border payments. Fraud software, treasury platforms, AP automation, virtual card capabilities, and countless APIs connecting everything. Of course, it usually then took more software to...
Bank of America’s digital platform for treasury tasks, CashPro App, was used by European companies to approve more than 100 billion euros (about $115 billion) in payments in the first seven months of the year, the bank said in a Thursday (Sept. 17) press release....
For six years, India’s United Payments Interface (UPI) has been free for everyone involved, but that’s reportedly about to change. Reuters reported Wednesday (Sept. 16) that India is set to begin charging merchants a 0.4% fee on transactions of more than 2,000 rupees ($21), known as the merchant discount...
Small businesses are putting a premium on predictability. Across more than 6,000 small and medium-sized enterprises (SMEs) surveyed in 18 countries for Mastercard’s inaugural Dreamonomics report, 68% said they prioritize stability and predictability over fast growth. Fifty-four percent said they actively avoid unnecessary financial risk....
Incoming Mastercard Chief Financial Officer Ling Hai, who assumed that role Aug. 3, outlined a growth-focused capital allocation strategy that includes frontline sales, targeted acquisition and infrastructure expansion Thursday (Sept. 10) during the Goldman Sachs 2026 Communacopia + Technology conference. Emphasizing Mastercard’s posture as a...