May 16, 2024
Dwolla and Visa Partner on Account Verification for Pay-by-Bank
Dwolla and Visa have partnered to make it easier for mid- to enterprise-size businesses to use pay-by-bank to pay and get paid. With this collaboration, Visa’s open banking solutions are...
May 16, 2024
Visa and SKUx Team to Promote Digital Consumer Payments
Visa has launched a collaboration with digital payments company SKUx. “The agreement will accelerate digital transformation for select merchants and consumer packaged goods companies that leverage SKUx’s payment-based offer solutions — supporting a variety...
May 16, 2024
AppTech Payments Aims to Take on Venmo With InstaCash
Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform. Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction system that AppTech is positioning...
May 16, 2024
UK Relaxes ‘Land-Based Gambling’ Rules as Online Betting Grows
The British government is loosening its rules for brick-and-mortar betting businesses as online gambling grows. The U.K.’s Department for Culture, Media and Sport issued a report Thursday (May 16) that would allow for...
May 16, 2024
The Orchestrated Platform: Why Payments Orchestration Is Not Just for...
Merchant aggregators, marketplaces, platforms — there are many names for these organizations, but there is no doubt that they have risen to the fore in eCommerce. Whether food delivery aggregators,...
May 15, 2024
Fed Surveys Find Lasting Appeal for Faster, Digital Transactions
Consumers and businesses — running the gamut of transaction types and across demographics — are pivoting toward faster and digital payment options. Overall, as detailed in two reports by Federal Reserve Financial...
May 15, 2024
TransNetwork Acquires Inswitch to Facilitate Cross-Border Payments in Latin America
TransNetwork has acquired Inswitch to accelerate the development of its digital product suite for cross-border payments in Latin America. The acquisition will add Inswitch’s regional expertise and its embedded financial technology solutions offered...
May 15, 2024
Autonomous Transport Could Drive Trucking Into Digital Transformation’s Fast Lane
In America, we move most of our goods by road. This makes trucks and 18-wheelers a crucial, even definitive, part of any supply chain. It also highlights the compounding impact...
May 15, 2024
93% of Truck Drivers Want Instant Payments
Truck drivers help keep the supply chain functioning, but the turnover rate is high in the industry — a reality that can have ripple effects across the entire U.S. economy....
Real-time payments continue their global sweep, with over 266 billion transactions recorded worldwide in 2023, a 42% year-over-year increase, and even more growth forecasted for the foreseeable future. In the U.S., as the latest “Real-Time Payments World Map,” a collaboration with The Clearing House, explores, some banks are slow to meet customer demand for real-time options, but JPMorgan is piloting a new real-time service that could soon benefit its 60 million retail clients.
Compared to restaurant and healthcare SMBs, those in transportation are around 20% more likely to have adopted instant payments as their most used way to send payments. PYMNTS Intelligence’s latest 49-page report, “Small Business Real-time Payments Barometer: Transportation Edition,” a collaboration with The Clearing House, includes 12 charts of exclusive data showing how transportation SMBs are winning the race.