Colin Mellon, chief commercial officer at Splitit, told PYMNTS that installment plans, when linked to traditional card-based payments, can offer benefits throughout the commerce ecosystem. But making inroads and competing against buy now, pay later options, he said, requires a wider embrace from acquirers — plugging...
For closed-loop systems — merchant-specific cards — split-payment options may spark both interest and momentum. Less than a year ago, PYMNTS Intelligence found that more than a quarter of consumers had store cards in hand, and private-label card originations were increasing at a high single-digit percentage point...
SAP has launched a composable payment solution designed to help retailers add new payment options. The company’s new open payment framework integrates SAP Commerce Cloud with several third-party payment service providers (PSPs) and allows retailers to choose payment partners based on their own unique needs,...
Acquirers — the financial institutions that provide the infrastructure for merchants and businesses to accept card payments — operate behind the scenes but can play a pivotal role in enhancing customer experience. Yet, as PYMNTS Intelligence found in compiling its study, “Acquirers’ Navigation of an...
When it comes to digital wallet adoption, the youngest consumers are outpacing older generations by a wide margin, PYMNTS Intelligence research reveals. By the Numbers The report “How Preferred Payment Availability Can Reduce Cart Abandonment,” a PYMNTS Intelligence and Adobe collaboration, draws from a survey...
In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European banks from seven countries, sought to launch such a network. But much hinged on agreements...
Education payments solution provider Transact Campus launched a B2B bulk tuition payments portal. Transact Sponsor Payments is designed to make it easier for third-party payors to make bulk payments toward student tuition and fees to finance offices at colleges and universities, according to a Tuesday (March 5) press...
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...
Payments processor Thredd is predicting a thaw following last year’s “FinTech winter.” The company said Monday (Feb. 26) that it had seen an “atypical” early-year increase in debit and prepaid payment transactions. “Overall, organic transaction growth for January 2024 vs. the same period in 2023 is...
