X, formerly known Twitter, has been laying the groundwork state by state to move further into money movement. In doing so, the social media stalwart underscores the appeal of branching out into financial services holds for digital-only firms. But there are challenges in place in...
Physical commerce, via face-to-face, card-present payments, is largely a smooth experience, Swee-May Ngeow, vice president of North America client strategy and solutions at Visa, told PYMNTS in a recent interview. But digital commerce, she said, marked as it is by transactions initiated remotely, “is all...
Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found themselves blacklisted due to missing payments on things like mortgages and business loans, the Financial Times reported Sunday (Dec. 3),...
Innovations shape the way businesses engage, transact and thrive. If they didn’t, they wouldn’t be advancements; they’d be duds. But sometimes even the most promising advances, such as the ongoing digital transformation of commerce and payments, need a little push forward from the macro environment....
The payments industry is undergoing a transformation, largely driven by the rise of payment facilitators, or PayFacs. These entities streamline the acceptance and processing of digital payments for software platforms, business solutions and eCommerce marketplace sellers that are aiming to seamlessly embed payments into their...
Adyen will hold an investor day this week following a massive price drop earlier this year. And as Bloomberg News reported Tuesday (Nov. 7) investors are calling for a “clear blueprint” from the Dutch payments FinTech can right itself. “Investors will need to leave the investor day feeling...
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...
