Payment facilitators (PayFacs) have become a crucial component of the ever-evolving financial landscape, playing a pivotal role in enabling seamless digital transactions, connecting businesses with payment networks, and enhancing the overall payment experience for both merchants and consumers. A recent study conducted by PYMNTS Intelligence...
As the world moves forward, digital identity is becoming a crucial cornerstone of tomorrow’s innovations. This is truer than ever when it comes to the importance of open-source adoption in shaping the future of decentralized credentials, digital wallet naming and open payment standards. “When people...
The only constant is change, and the only necessity is adapting to it. This adage is particularly true within the global digital payment collection and bill presentment services ecosystem. “It’s no surprise that the growth in digital payments has outpaced paper-based transactions, but the challenges...
Customization isn’t just a trend; it’s the future of digital payments. Personalization fuels loyalty in the digital payment age, and turning transactions into tailored experiences is helping firms move beyond one-size-fits-all approaches to end-user stickiness and retention. “If you think about physical experiences and interactions,...
Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. The capabilities, built using Mastercard technologies, provide direct connectivity to the Mastercard network for mobile apps or software development kits, Deserve...
Curve, a fast-growing financial app, has selected Nuvei, a Canadian FinTech company, to provide card acquiring and alternative payment methods (APMs) for consumer fund transfers to and from their Curve digital wallet. Nuvei’s payments technology allows Curve to accept Visa and Mastercard transactions, according to...
Payment services provider Worldline has introduced a flexible payout feature that allows software and independent sales organization partners to choose the frequency at which they receive their revenue-sharing profits. Called FlexCommissions, this feature allows partners to receive profits daily, weekly, monthly, or any other period that suits...
The Australian government has announced its plans to introduce new legislation that would empower the Reserve Bank of Australia to regulate digital payment services, including digital wallet providers. This move comes as a response to the widespread use of digital payment services, which are currently unregulated, Treasurer Jim...
Payments firm Deluxe has launched a digital bill payment partnership with FinTech Aliaswire. The collaboration, announced Thursday (Sept. 28), adds Aliaswire’s DirectBiller bill payment technology to Deluxe’s network of banks, partners and direct clients. “Our goal is to facilitate our clients’ transition to digital payment offerings,” Michael Reed, division president of B2B payments at...
