Given a safe alternative, most consumers would rather not reenter payment card info every time they make a purchase online. That’s where credential vaults come into the picture, and it helps when consumers trust the entities accessing those stored card details. This is analyzed in...
The head of the ACH Network says same-day ACH payments have grown “significantly” in 2023. In the first six months of the year, the value of those payments was nearly $1.2 trillion, a 51.7% increase from the prior year, while the volume of same-day ACH (automated clearing...
When it comes to credentials vaults that aggregate payment information and store credentials securely, and updating payment information shared with merchants when consumers change payment methods or account numbers, whom consumers trust is a changeable matter. We analyzed this in the study “Payments and Credentials...
Italy’s antitrust body has approved a deal that will eliminate payment fees and softens restrictions placed on small card transactions, following a 2022 promise made by the government to cut fees charged by financial firms on electronic transactions worth up to 30 euros ($33.6) for...
Netspend has announced an official debit card partnership with the Leagues Cup, an inaugural soccer tournament taking place this summer in the U.S. The deal will see Netspend‘s new multicurrency travel wallet and payments super app, dubbed the X World Wallet, take centerstage during the...
As consumers look to stored credentials to make their payment experiences easier, the majority are actually finding the capability comes with its own pain points. For PYMNTS’ study “Payments And Credentials Vaults: Gauging Consumer Interest,” created in collaboration with FinTech company FIS, we surveyed a...
The age of the biweekly pay period seems to be drawing to a close, with workers increasingly preferring to receive their wages as they earn them rather than waiting days or weeks before they can access their pay. A survey found that a record 60%...
Payroll is one of the most critical functions of any workplace, ensuring that employees are paid on time and in the correct amounts. Delaying these paychecks can have massive detrimental consequences for workers, with 71% reporting at least some difficulty if their pay was late...
Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka Finance, Bloomberg reported Wednesday (July 12). In that deal, Papara gave Beka an undisclosed amount of cash and shares in exchange...
