payments innovation

Study Finds Offering Installment Payment Options Before Checkout Can Boost Conversion
Study Finds Offering Installment Payment Options Before Checkout Can Boost Conversion
February 01, 2024  |  Consumer Payments

Consumers have developed an appetite for split-payment plans of all sorts. Also known as installment payment plans, these break up purchases into smaller, scheduled payments...

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Study: Investments in Payments Innovation Reduce Credit Union Member Churn by 57%
Study: Investments in Payments Innovation Reduce Credit Union Member Churn by 57%
January 30, 2024  |  Credit Unions

Credit unions (CUs) provide financial services to a community of members often connected by location, work or education. Although many CUs might not have the...

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75% of ISVs and Marketplaces Plan to Enhance Existing Payment Capabilities
75% of ISVs and Marketplaces Plan to Enhance Existing Payment Capabilities
January 30, 2024  |  Payments As A Service

Creating new sources of income is key to business growth, and payment features are becoming a key component in doing so. For instance, independent software...

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GenAI Levels the Payments Tech Playing Field for Small Businesses
GenAI Levels the Payments Tech Playing Field for Small Businesses
January 29, 2024  |  Artificial Intelligence

Artificial intelligence (AI) has been around for a while and has already made inroads in financial services, helping to automate back-office functions, and helping customers...

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X Heralds P2P Payments With @XPayments Account
X Heralds P2P Payments With @XPayments Account
January 21, 2024  |  Payments Innovation

Is X getting closer to adding peer-to-peer (P2P) payments to its platform? Elon Musk’s social media company announced plans to launch such an offering earlier this month....

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PayFacs Bet Big on Digital Wallets in 2024
PayFacs Bet Big on Digital Wallets in 2024
January 19, 2024  |  Digital Payments

Digital wallets are increasingly becoming a staple for processing transactions in the software publishing industry. Seventy-one percent of payment facilitators (PayFacs) have adopted this technology...

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Mid-Sized Firms Lag Enterprise Peers in Automating Payments and Receivables
Mid-Sized Firms Lag Enterprise Peers in Automating Payments and Receivables
December 29, 2023  |  Accounts Payable

More than 90% of mid-sized firms — those annually generating $3.5 million to $15 million in revenue — that plan to further automate their accounts...

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Nearly 3 in 10 Credit Union Members Willing to Change FIs to Access New Products
Nearly 3 in 10 Credit Union Members Willing to Change FIs to Access New Products
December 20, 2023  |  Credit Unions

Credit unions (CUs) are known for their personalized and member-focused services, which is an attractive offering for many of their members. But alternatively, they have...

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Payments Orchestration Helps Platforms Extend Their Global Reach
Payments Orchestration Helps Platforms Extend Their Global Reach
December 11, 2023  |  Payments Innovation

Blake Whitson, vice president, payments and global customer support at Brainly, and Andy McHale, senior director, product and market strategy at Spreedly, told PYMNTS that...

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