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Nuvei Unveils Omnichannel Payments Tool for Merchants and Platforms
February 07, 2024

Canadian FinTech Nuvei has launched an enhanced omnichannel payments solution for merchants and platforms. The unified commerce offering, being made available to customers outside of North America for the first time, lets businesses “develop new customer payments experiences with greater control and unified analytics effortlessly,” the company said...

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Plaid Says Pay by Bank Is Nearing a Tipping Point as Consumers Form New ‘Habits’
February 06, 2024

Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are offered, spanning pay-ins … and payouts.  He noted that there’s already a history of banks linking to various payment options...

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AffiniPay Adds In-Person Payments to Product Suite
February 05, 2024

Online payments provider AffiniPay has debuted in-person payments for its professional customers.  The new offering, announced Monday (Feb. 5), is designed to integrate in-person payment devices across products and interfaces, offering “on-the-go and in-office payments and with the latest ‘tap-to-phone’ technology for mobile.” According to the company’s announcement,...

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College Ave Launches Mastercard Secured Credit Card for College Students
January 30, 2024

Financial services company College Ave has launched a secured credit card for college students. The new Ambition Mastercard is designed to help students 18 years and older build and establish a positive credit history, College Ave said in a Tuesday (Jan. 30) press release emailed to PYMNTS. The...

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74% of Acquirers Say Store Card Split-Pay Plans Improve Client Satisfaction
January 29, 2024

Often as part of loyalty initiatives, brands and merchants partner with financial institutions to launch their own credit cards. These store cards or merchant-branded cards not only allow cardholders to access a series of benefits such as discounts or reward points when purchasing products, but...

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Visa Direct Transactions Grow 20%, New Flows a $200T Opportunity 
January 25, 2024

Visa’s fiscal first quarter results pointed to continued growth in consumer spending — particularly on travel — though growth rates are slowing. Management, however, noted that growth rates in new payments flows and value-added services are outpacing the transaction growth seen in credit and debit...

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Economic Optimism Boosts Working Capital Use by Fleet and Mobility Companies
January 25, 2024

Access to working capital enables companies of all types to avoid operational disturbances in the short term and power growth for the long term. Use of these solutions is skyrocketing among Growth Corporates in the fleet and mobility industry. Two-thirds of Growth Corporates in the...

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Affluent Consumers Most Likely to Use Store Card Installment Plans
January 22, 2024

In recent years, split-pay options have gained popularity among consumers of all demographic groups looking for greater flexibility in managing their expenses. Among all consumer segments, the leading users of installment purchase plans are neither millennials nor lower-income earners but high-income consumers. This applies for...

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Fiserv’s uChoose Lets BP and Amoco Customers Pay at the Pump
January 22, 2024

Fiserv says members of its uChoose program can now use card reward balances to buy gas. The new offering, announced by the payments FinTech Monday (Jan. 22), lets users purchase fuel at roughly 7,000 BP and Amoco stations. “Expanding our rewards redemption options to include uChoose Rewards gives our...