ClassWallet’s digital wallet technology platform is now being deployed in early childcare and preschool markets. Already used for state agencies, family scholarships, private schools and K-12 school districts, the platform has entered these new markets with a contract in which it will be used by...
When consumers are given a choice, they usually choose to receive insurance disbursements via same-day account transfer or instant payment rails. It’s a finding that is consistent with the general need for speed when it comes to payments preferences. This is explored in the study Insurance...
Bokadirekt and Trustly have partnered to enable instant payouts for beauty salons in Sweden. The collaboration adds Trustly’s payment infrastructure to Bokadirekt’s booking platform for health and beauty treatments and services, the companies said in a Tuesday (Feb. 21) press release. “Providing the best payment...
Nineteen percent of consumers received at least one insurance disbursement in 2022, and more of these roughly 49 million consumers are looking at instant payouts than ever before. Insurance agencies sent 20% of all payouts in 2022 via instant payment rails, marking the third consecutive...
Restaurants’ efforts to optimize payouts come amid a generational shift toward tipping, per PYMNTS data. The Context As restaurants look to boost employee retention, many are seeking ways to improve the tip-divvying process, both reducing labor needs all told by taking time out of the...
Players using online betting platforms want winnings now, and digital innovation is enabling it. Another way of looking at it is that online sports betting makes consumers happiest when the payment experience is real-time or close to it, as in physical casinos. That’s where BetMGM...
After years of disruptions, airlines still haven’t gotten the “hassle-free” part of refunds right. While the pandemic battered the travel industry as a whole, airlines especially still remain vulnerable to more mundane factors like the elements, as well as the pitfalls of legacy operational systems...
Solopreneurs and micro-businesses are the lifeblood of Africa’s informal and semiformal economies, but when it comes to accessing working capital loans, they are typically underserved by most financial institutions. Related: Nigeria’s Underbanked Gig Workers Flock to One-Stop-Shop Financial Platforms In an interview with PYMNTS, Mina...
Banking giant BNY Mellon has debuted Vaia, an aggregated payment platform that lets institutions in the U.S. meet a growing demand for faster digital disbursement payment options. By integrating with BNY Mellon, institutions can provide payees with access to a range of payment choices, including...
