Mastercard has launched a service that enables a new class of payments by allowing artificial intelligence agents to complete transactions among themselves. The new Agent Pay for Machines builds on Mastercard’s Agent Pay program by adding capabilities for high-frequency, low-latency, low-value payments executed by agents...
Cash App says several new retailers now offer its payment products at checkout. The new integrations with Afterpay and Cash App Pay are designed to give shoppers greater flexibility, the Block-owned company announced in a news release Monday (June 8). “More brands, more flexibility, more ways for customers...
For decades, wire payments operated largely behind the scenes, serving as the dependable infrastructure supporting high-value transactions across the financial system. Today, that infrastructure is being asked to do far more than simply move money. According to a new PYMNTS Intelligence and Volante report, financial...
Backbase is integrating Mastercard’s money movement service Mastercard Move into its banking operating system (OS). This collaboration, announced Monday (June 8), is designed to help financial institutions adopt near real-time cross-border payments. “The Backbase ecosystem extends the AI-native banking OS with best-of-breed capabilities across payments,...
Mastercard plans to expand its settlement capabilities to give issuers and acquirers more choice in how and when they settle transactions. The new capabilities will include stablecoin, intraday, holiday and weekend options, the company said in a Wednesday (June 3) press release emailed to PYMNTS....
Watch more: Monday Conversation With FIS’ Jim Johnson There was a time when issuer processing was defined by what happened after the sale. Approve the transaction. Move the money. Reconcile the ledger. Manage the exception. It was essential plumbing invisible to the consumer, disconnected from...
Watch more: What’s Next in Payments With Maverick Payments’ Guy DiMaggio For all the discussion surrounding modernization in payments, the industry still depends on infrastructure built long before real-time commerce, embedded finance and API-driven integrations became standard expectations. And the question continues as to whether...
Consumers under pressure are not retreating from checkout so much as rewriting the rules of how they get there. That is one of the broader signals in “The New Checkout: Crimped Consumers Lean Into Online Retail and Digital Wallets,” a PYMNTS Intelligence report based on...
Watch more: What’s Next in Payments With The Clearing House’s Pat Antonacci Legacy infrastructure provides more than a channel for institutions handling trillions of dollars each day. In a payments environment increasingly shaped by real-time expectations, digital wallets and artificial intelligence, scale, regulation and reliability...