Visa’s Value-Added Services (VAS) earned close to $9 billion in 2024 and has the potential to grow to $520 billion a year, the company told investors Thursday (Feb. 20) during its Visa Investor Day 2025. According to a presentation released in conjunction with the event,...
Mastercard has launched credit and debit cards designed for creators and small business owners. The new Business Builder cards feature Mastercard’s core small business benefits like Easy Savings, ID Theft Protection, Zero Liability and access to Digital Doors, the company said in a Thursday (Feb. 20)...
Mastercard has begun rolling out a digitally connected credential that will allow consumers to pay with their choice of multiple payment options. The new Mastercard One Credential can let consumers choose debit, installments, prepaid or credit, the company said in a Wednesday (Feb. 18) press...
The future of open banking seems unsettled. The Consumer Financial Protection Bureau’s rules governing data sharing and use among banks and FinTechs may — or may not — be rolled back. Despite the regulatory uncertainty, pay by bank at retail, which uses open banking to...
Digital wallets have become the preferred choice for consumers worldwide as cross-border transactions change. A PYMNTS Intelligence report, “Global Money Movement: How Digital Wallets Are Transforming Cross-Border Payments,” in collaboration with TerraPay, surveyed 2,601 consumers, 398 small business leaders and 80 financial institution (FI) employees in four countries...
The middle market continues to draw the attention of payments and banking companies, with Mastercard announcing a package of digital and financial management tools aimed at that segment on Tuesday (Feb. 18). Called the Mastercard Mid-Market Accelerator, the suite of solutions is aimed at companies...
The gig economy and gaming industries have driven a rise in ad hoc transactions, payments made outside of regular invoicing and payroll. Businesses are relying on instant payments to streamline these transactions, which involve contractors, consumers and small businesses. According to a PYMNTS Intelligence report,...
Mastercard is bringing its TRACE financial crime-fighting and anti-money-laundering tool to the Asia-Pacific region. TRACE uses “timely and large-scale payments data from multiple financial institutions” to provide intelligence beyond a “financial institution’s siloed view,” allowing financial crime tracing across payment networks, according to a Thursday...
Last year appears to have been a landmark one for peer-to-peer (P2P) payment app Zelle. During 2024, American consumers and small businesses transmitted more than $1 trillion using the platform, the most money ever sent on a P2P service in a single year, the company announced Wednesday (Feb....