In a bid to win consumers’ holiday spending, D2C brands are removing payment friction. This, as data shows that online shoppers are increasingly seeking out brands that offer them quick, convenient transactions. According to PYMNTS’ study, “Deal Or No Deal: The 2022 Holiday Shopping Report,”...
The Italian government has backed a plan to lower digital payment fees for retailers. The measure, part of the country’s 2023 budget, would impose a “solidarity contribution” on banks and payment processors to reduce fees on digital payments for merchants, Reuters reported Wednesday (Dec. 21)....
More companies are adding one-stop online bill payment to address dissatisfaction with their invoicing ecosystems. This, according to PYMNTS and Mastercard’s new study, “The One-Stop Bill Pay Playbook: Executive Views On Third-Party Bill Payment Solutions,” which surveyed 400 billing and collections executives and found 30%...
PayU is expanding its digital payments business in Central America. The Netherlands-based payment service provider announced the expansion in a Tuesday (Dec. 13) press release sent to PYMNTS. With the anticipated launch, merchants in Guatemala, Honduras, El Salvador and Costa Rica will be able to...
Payments platform Checkout.com has reportedly reduced its internal tax valuation to around $11 billion. The reduction at the London-based company, as reported by the Financial Times Tuesday (Dec. 13), comes as a number of high-value publicly owned and private startups are seeing their valuations drop...
More shoppers are turning to financing alternatives to make the holidays merry and bright. This includes one-third of Black Friday shoppers, who funded their purchases with credit cards, loans and other alternatives, including buy now, pay later (BNPL). Retailers may consider this an opportunity to...
Two-thirds of American shoppers say they’re spending less on their wants than last year. Inflation is dampening holiday shopping budgets, both worldwide and across the United States. As the domestic cost of goods and services in October hovered at 7.7% higher than last year, many...
A trucking company is saving tens of thousands of dollars a month after modernizing payments. Travis Trucking attributes the savings to the faster turnaround times on docks and guaranteed reimbursements enabled by automating its over-the-road payments, FinTech company Relay Payments said in a Wednesday (Dec....
To flip the Adidas tagline, nothing is impossible when you have great digital payment options. Speaking with PYMNTS as part of the ACI Merchant Series, Marko Ivanovic, director of digital payments at Adidas, said as much, as he enumerated the ways this iconic global footwear...
