Among the many payment acceptance tools now available, embedded solutions provided by a variety of payment facilitators (PayFacs) have become increasingly popular among marketplaces and independent software vendors (ISVs), both of which leverage embedded payments to improve efficiencies and fortify customer engagement. But as a...
The end of 2023 provided little reprieve from rising prices, even as the impending holidays encouraged consumers to manage spending. The need to save made card-linked offers especially attractive to budget-conscious shoppers. Discounts and rewards were key drivers of consumer interest in and use these...
Few financial institutions (FIs) are choosing to develop technology in-house, indicating a growing reliance on third-party FinTechs to meet their needs. However, sifting through the multitude of options to find the right vendor can be a daunting and resource-intensive process, said Karan Jain, CEO of...
Teamwork makes the dream work — particularly within B2B payments. That’s because, among other benefits, partnerships and collaboration are essential for fostering innovation, customer satisfaction, adaptability to market changes and above all, optionality, for commercial players. “When companies take a one-size-fits-all approach [to payments], it...
J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Having been granted this license, the bank plans to support the French payment method for merchant clients by the end of 2024, J.P. Morgan...
Chime has partnered with Upside to launch a fee-free cash-back feature. The new Chime Deals allows Chime members to take advantage of cash-back opportunities on everyday spending on things like gas, groceries and dining, the company said in a Monday (March 4) press release. These offers are available at...
PNC has teamed with treasury platform Koxa to debut an embedded banking offering. The integration, announced Monday (March 4), is aimed at PNC clients that use the Workday enterprise resource planning (ERP) system, the companies said in a news release. The integration lets PNC’s corporate and commercial banking...
Many consumers may still be hesitant about the future of artificial intelligence (AI) in commerce, but PYMNTS Intelligence research has found that young consumers are welcoming of the technology — for the most part. By the Numbers For the report “AI-Enabled Payments Enhance Customer Options,”...
With the rise of eCommerce having transformed the way consumers engage with brick-and-mortar retail, traditional department store chains such as Macy’s are forced to adapt or fall behind, and with billions on the table, it remains to be seen whether it will stay on the...
