Competition is reshaping payments, and transactions are no longer the main event. They’re just the opening act. As commoditization drives down margins and disruptors reset expectations, payment processors are pivoting from pure infrastructure providers to strategic enablers. The new frontier? Customer-centric value-added services (VAS). “When...
Truist completed the initial testing phase of an alias-based bill payment solution that uses The Clearing House’s RTP® network and Request for Payment (RfP) platform. The internal pilot — which included Truist’s credit card division and employee volunteers — made Truist the first financial institution...
In the fast-evolving world of FinTech, where innovation can often race ahead of regulation, emerging markets present both an opportunity and a challenge for business-to-consumer (B2C) payment providers. Many emerging sectors such as gaming, hemp-based wellness and even online pharmacies are becoming test beds for...
Stripe’s the latest acquirer seeking a special banking charter. Fiserv made the move before Stripe, last year. In the current landscape where payments processors want to maximize operations by minimizing costs, while expanding their business models, the lure of processing transactions directly may nudge other...
For Plaid, the connectivity — tying bank accounts to a broad range of providers across financial systems — lays the groundwork for double-digit growth. And while the news Thursday (April 3) may have centered on a $575 million capital raise (and a $6.1 billion valuation) and...
Visa has unveiled three new value-added services designed to make accepting payments easier and more secure. The services are meant for acquirers, payment facilitators, retailers, marketplaces and shops, the company said in a Thursday (April 3) press release emailed to PYMNTS. With Authorize.net 2.0, Visa...
For merchants, omnichannel innovation comes in several flavors. When it comes to eCommerce interactions, sellers face the drive to streamline and reduce friction during the onboarding processes — and to digitize the interactions that happen after onboarding, including lending and payments. In an interview with...
Marketplaces have transformed the global economy, creating ecosystems where buyers and sellers converge in the digital universe. But as they evolve, so must the infrastructure that supports them. “Marketplaces are expanding beyond traditional eCommerce,” David Maret, senior partnership and customer success manager at Nuvei, told PYMNTS....
PYMNTS Intelligence’s latest research finds that the U.S. market for buy now, pay later (BNPL) credit totals $175 billion. While that’s a small slice of total consumer spending, it represents an 88-fold spike in BNPL in just six years. Growing consumer demand for fixed installment...