Andrew Stewart, director of global card and comprehensive payables at Bank of America, said there has been a seismic shift in commercial (B2B) payments. He noted that there has been a doubling in B2B payments made via cards — not just in terms of volume,...
Account-to-account (A2A) payments, also known as pay-by-bank, are gaining popularity among consumers. In the United States, 36% of consumers use this payment method, according to insights detailed in the PYMNTS Intelligence study “Tracking the Digital Payments Takeover: Consumer Familiarity Controls Account-to-Account Payment Growth.” Convenience also...
Stellantis, the parent company of Jeep, is reportedly taking a unique approach to the electric vehicle (EV) market in the United States. CEO Carlos Tavares told reporters Tuesday (Feb. 20) that small cars are not the way to win over American consumers, who tend to love trucks, Bloomberg reported Tuesday....
Comdata has added a “pay-as-you-go” funding feature to its Connect Card for truck fleets. This feature allows users to pay with their credit or debit card or bank account, while still receiving fuel discounts and rewards, the FLEETCOR company and provider of commercial payment solutions said in a Tuesday...
The eCommerce bounce — at least for the fourth quarter — has been considerable. And as measured as a percentage of overall retail sales — after plateauing through the last few years — eCommerce is gaining some ground again. As measured through Census Bureau data...
As Shein aims to seize a greater share of consumers’ retail spending by capturing their digital attention, the fast-fashion giant is tapping shoppable livestreams to drive sales in a more immersive way. The company announced Tuesday (Feb. 20) that it will launch its spring and...
Canadian FinTech firm Nuvei is expanding its Latin American presence with the launch of direct local acquiring capabilities in Colombia. This makes Nuvei the first global payments provider to offer this service in the country, the company said in a Tuesday (Feb. 20) news release. Direct local acquiring...
Online commerce customer experience platform AfterShip has enabled Apple Wallet Order Tracking to allow users to receive delivery updates in real time through Apple Wallet. The new feature is now available to AfterShip’s merchant customers, AfterShip said in a Tuesday (Feb. 20) news release. AfterShip tracks...
FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya. The talks involve a $20 million all-stock deal, but negotiations are in their early stages, TechCrunch reported Tuesday (Feb....
