PYMNTS Intelligence’s research indicates that pay by bank is poised for a wider embrace in the United States. In research conducted jointly with Trustly, consumer surveys show that interest in using pay-by-bank options increases markedly with younger generations and when incentives such as discounts are...
GoodLeap has introduced a comprehensive payments product for contractors. The new GoodLeap Payments includes a variety of payments methods as well as refund and dispute resolution management, transaction reporting and QuickBooks integration, the company said in a Tuesday (June 3) press release. This product is designed to help contractors solve the current...
Point & Pay, a payment processing provider for government agencies, has integrated Trustly’s pay-by-bank tools to enable single sign-on with banks when paying government obligations. This combination will reduce the occurrence of returned checks, the companies said in a Tuesday (June 3) press release emailed...
Paying bills and managing subscriptions are mainstays of financial life — even a daily task, for many consumers. However, updating payment methods has traditionally been riddled with pain points and friction. For merchants and other providers, a hitch in the process translates into a loss...
Hong Kong-based digital bank ZA Bank has become the first card-issuing bank to enable Visa Click to Pay in Hong Kong and will do the same in 11 more Asia-Pacific markets in the future. Click to Pay enables cardholders to complete online transactions in seconds,...
In an age where consumer expectations evolve at the speed of a TikTok trend, financial institutions and payment providers face an increasingly complex question: how do they build systems, strategies and experiences for a generation that hasn’t even fully formed its preferences yet? “At the...
No matter what ultimately happens with the Consumer Financial Protection Bureau’s Rule 1033 (also known as the open banking rule), pay by bank is here to stay. Matt Janiga, director of regulatory affairs at Trustly, has had a front-row seat to the evolution of open...
Has open banking lived up to its potential in Great Britain? So far, not really, the Financial Times (FT) argued in a report Monday (May 26). The report noted that opening banking has seen success in some areas, like allowing for faster lending decisions. However,...
In the always-on, 24/7 feedback loop of financial services, technology accelerates change, and customer expectations constantly evolve. The noise can be deafening. Yet, a report from PYMNTS found that the most potent insights and opportunities aren’t found in the latest algorithm or blockchain breakthrough, but...