“There are so many payments companies out there today,” Casey Bullock, Citcon’s new CEO, told PYMNTS’ Karen Webster. “And many of them try to do too much. They try to do end-to-end payouts or end-to-end issuance,” he added. No single firm can be all things...
Transaction Services, a leader in payment processing, has partnered with Silverflow, a cloud-based payment processing platform, to enhance the management of customer payments, the companies announced Thursday (Oct. 19). The partnership aims to provide current and new clients with more capabilities and efficiency in payment...
Mastercard and Remitly Global, Inc. announced a partnership Thursday (Oct. 19) to expand access to cross-border payments and remittances. By integrating Mastercard’s Send and Cross-Border Services into the Remitly app, customers will have more choices in securely sending money to their loved ones abroad, the...
Getting what we want — now — but paying later for it is top of consumers’ minds. Nandan Sheth, CEO at Splitit, told Karen Webster that the ubiquity of debit and credit cards provides a natural conduit toward embracing installment plans tied to everyday purchases,...
The Federal Reserve is reportedly ready to propose reducing debit card fees for merchants. The U.S. central bank on Tuesday (Oct. 17) announced a meeting scheduled for Oct. 25 with one topic on the agenda: “Proposed revisions to the Board’s debit interchange fee cap.” Hours...
“Orchestration remains a hot topic in the payments world,” said Nathan Salisbury, managing director of Worldline Payment Orchestration. As merchants continue to define and fine-tune their payments strategies, navigating the complexities of multiple provider relationships in each market becomes unwieldy. Salisbury told PYMNTS in an...
Installment plans have emerged as a popular payment method, offering consumers the flexibility to pay for their purchases over time, rather than upfront. This enables them to manage their finances more effectively and avoid accumulating credit card debt. According to a recent study conducted by PYMNTS Intelligence,...
“We’re still in the early innings” of embedded payments, Hersh Mansukhani, vice president of platforms and embedded payments at Fiserv, told PYMNTS’ Karen Webster. “The platformization of the world is occurring, and software is getting into places where it never was before,” he added. There’s...
According to Link Money CEO Eric Shoykhet, open banking in the United States is taking shape but needs some education in the mix to reach its full potential. “We’ve already seen the development of a lot of the core infrastructure that’s necessary to facilitate open...
