Electric vehicles (EVs) represent a new paradigm of connected experience. The ongoing transformation in the automotive industry is more than just a transition from gasoline to electricity — it’s evolving how consumers interact with their vehicles. Payments, along with commerce, sit squarely at the forefront...
In today’s fast-paced eCommerce landscape, platforms like marketplaces and aggregators are vital for merchants looking to expand their reach. However, they face challenges in offering diverse payment options while maintaining smooth operations. A PYMNTS Intelligence report, “The Orchestrated Platform: Why Payments Orchestration Is Not Just...
The rise of FinTechs over the past several years has demanded flexibility and agility in payments innovation. That innovation has resulted in customized payments experiences across a variety of use cases demanding a platform approach where client firms can connect to a range of services...
The value proposition for embedded finance becomes clearer by the day. Businesses see integrated, personalized payments and lending connected directly to their digital platforms. Consumers see new payment options added to their digital experiences. Nonbank financial institutions can offer new services within existing products. Banks...
Direct debits have been popular through the decades — across a variety of use cases — especially when it comes to bill payments and subscriptions. Enterprises withdraw money from accounts according to set parameters. Those parameters span dates, or dollar amounts, and tend to be...
Summer should get a speeding ticket, a wise person once said, and that’s a reality that all of us living in the Northern Hemisphere came to grips with last weekend. The Labor Day weekend marked the unofficial end of summer, and the start of the...
Within an open banking environment, advances like pay by bank are transforming money movement. At its core, pay by bank allows consumers to make payments directly from their bank accounts, bypassing traditional intermediaries such as credit card networks, Trustly Chief Revenue Officer Frederick Crosby told...
The key to success for many businesses lies within their finance departments. And the key to success within many finance departments is the embrace of efficient cash application processes. Traditionally, cash application — the process of matching incoming payments to outstanding invoices — was relatively...
Advances in banking and payments are transforming business operations. Taken together, the integration of these two functions is changing, well, everything. “Customers are looking for financial operations that work in concert with their business needs, combining the latest technology with legacy systems in a way...
