Is PayPal getting ready to offer “offline” payments? The company seems to be indicating a move in that direction as new European Union regulations go into effect for its partner Apple, per a report Thursday (Feb. 8) by TechCrunch. As that report noted, the coming Digital Markets Act (DMA)...
Adyen says the second half of 2022 was much stronger than the first. The Dutch payments firm on Thursday (Feb. 8) released half-year financial results showing a 29% jump in processing volume and a 23% increase in net revenues. The company’s stock plummeted last summer...
Canadian FinTech Nuvei has launched an enhanced omnichannel payments solution for merchants and platforms. The unified commerce offering, being made available to customers outside of North America for the first time, lets businesses “develop new customer payments experiences with greater control and unified analytics effortlessly,” the company said...
Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are offered, spanning pay-ins … and payouts. He noted that there’s already a history of banks linking to various payment options...
Online payments provider AffiniPay has debuted in-person payments for its professional customers. The new offering, announced Monday (Feb. 5), is designed to integrate in-person payment devices across products and interfaces, offering “on-the-go and in-office payments and with the latest ‘tap-to-phone’ technology for mobile.” According to the company’s announcement,...
Often as part of loyalty initiatives, brands and merchants partner with financial institutions to launch their own credit cards. These store cards or merchant-branded cards not only allow cardholders to access a series of benefits such as discounts or reward points when purchasing products, but...
In recent years, split-pay options have gained popularity among consumers of all demographic groups looking for greater flexibility in managing their expenses. Among all consumer segments, the leading users of installment purchase plans are neither millennials nor lower-income earners but high-income consumers. This applies for...
Fiserv says members of its uChoose program can now use card reward balances to buy gas. The new offering, announced by the payments FinTech Monday (Jan. 22), lets users purchase fuel at roughly 7,000 BP and Amoco stations. “Expanding our rewards redemption options to include uChoose Rewards gives our...
Pay-by-bank payments, also known as account-to-account (A2A) payments, allow consumers to transfer funds between bank accounts in real time. These payments bypass traditional card networks and utilize intermediaries like peer-to-peer (P2P) service providers such as Venmo or PayPal. One of the main benefits of A2A...
