Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS that online platforms offer advantages to all stakeholders — and they can offer an optimal payments experience. But, as he remarked, “when we talk about platforms, marketplaces or [independent software vendors (ISVs)] —...
After spending the last 20 minutes online deliberating over what you really need to round out your summer wardrobe, you’re ready to check out. You review your basket, apply the promo codes to get your discount, and check the total before clicking the buy button....
Consumers — especially young and affluent consumers — want a single, inclusive, convenient place to see and pay their bills. Holistic bill pay platforms could make payments less painful for consumers. They allow consumers to organize all bills and use their favorite payment method to...
FIS is reportedly planning to spin off Worldpay, the merchant services business it acquired in 2019. The payments giant is apparently looking to undertake a tax-free spinoff of its merchant operations, the bulk of which comes from Worldpay, Reuters reported Friday (Feb. 10), citing sources...
Stripe is reportedly nearing a deal to raise $3 billion from its existing investors. The Information reported Monday (Jan. 30) that the deal would value the payment platform at between $55 billion and $60 billion. The company is pursuing the deal in order to give...
Twitter is moving closer to its plan to process payments across the platform in a move to monetize the popular social media service. Purchased by Tesla and SpaceX owner Elon Musk in October for $44 billion, Musk has wanted to bring payments to Twitter since...
Almost 57 years ago to the day, the 1960’s rock band The Byrds appeared on the Ed Sullivan Show to sing their number one hit “Turn, Turn, Turn.” A song originally written by Pete Seeger in the 1950’s, it’s said to be one of the...
PayPal’s users are still engaged, but spending is clearly slowing. But even as PayPal, like other firms, is not immune to macro headwinds and inflation’s dampening effect on consumer spending, its role in facilitating the omnichannel experience remains in focus, with new tap-to-pay support and...
Swedish short-term loan FinTech platform Klarna Bank AB isn’t working on an initial public offering but might consider one in 2022 at the earliest, CEO and Co-founder Sebastian Siemiatkowski told Bloomberg Wednesday (Aug. 18). Klarna’s valuation reached $45.6 billion—more than four times higher than the...
