In an era dominated by digital transactions, the seamless integration of payments into the end-customer experience is no longer a mere preference; it’s now a necessity. For eCommerce marketplace merchants, independent software vendors (ISVs), and software platforms, payment facilitators (PayFacs) have become pivotal in addressing...
Payment facilitators, or PayFacs, quietly lead a revolution at the heart of the digital economy. At the center of this shakeup lies embedded finance, encompassing the integration of payments, banking and credit solutions into retail platforms, including online marketplaces and business software solutions. PayFacs allow...
How ubiquitous have digital payments become in India? As Australia’s Sydney Morning Herald reported Saturday (Jan. 21), street-side produce vendors in the country now include QR codes among their vegetables, one of many signs of the digital transformation of the world’s most populous country. Among...
Digital wallets are increasingly becoming a staple for processing transactions in the software publishing industry. Seventy-one percent of payment facilitators (PayFacs) have adopted this technology and are pushing innovation to enhance their capabilities. However, PYMNTS Intelligence’s latest study reveals the varying innovation priorities of players...
Online gambling has skyrocketed in popularity in the past several years, largely due to the pandemic shutting down physical casinos. The move sent gamers online, which many found more fun and convenient even after the world reopened. Today, digital gambling is a $63 billion industry,...
Payments services company Worldline has joined forces with Google Cloud to enhance its digital transformation. “Since 2022, Worldline has initiated a ‘Move to Cloud’ program that includes using the cloud to accelerate its digital transformation into a global premium paytech company,” the company said in a news release Tuesday (Jan. 16)....
Relay Payments has teamed up with fuel marketer Maverik to streamline diesel fuel payments at 86 Maverik locations that have commercial fueling lanes. With Relay’s solutions for the trucking and logistics industries, these Maverik locations will offer commercial truck drivers a completely digital fuel purchasing...
Just as digital options have gained popularity for paying rent directly from a bank account, the digitization of refunds has also gained momentum. In fact, the days of writing checks and mailing them are dwindling, with tenants, particularly those with higher rents, increasingly favoring convenient,...
Surpassing all expectations, consumers turned up in record numbers for this year’s Black Friday weekend, the traditional kickoff to the holiday shopping season in the United States. The five-day weekend, from Thanksgiving Day through Cyber Monday, saw more than 200 million U.S. shoppers, topping last...
