February 22, 2024
Capital One-Discover Merger Agreement Includes $1.38 Billion Termination Fee
If Capital One’s planned acquisition of Discover Financial falls through, one firm or the other could pay a termination fee of $1.38 billion. This termination fee will be paid if...
February 22, 2024
Nivoda Wants to Be the ‘Amazon’ of the Global Jewelry...
In a market as highly fragmented as the global jewelry industry, sourcing precious stones can be an extremely difficult undertaking for retail buyers. Jewelers typically need to contact various sellers,...
February 22, 2024
Numeral Expands Payment Infrastructure to Include Support for Swift
Payment technology provider Numeral has launched support for Swift payments. This move enables Numeral’s customers to benefit from both Swift’s global reach and local payment schemes’ speed, lower cost and local reach, the company...
February 22, 2024
Payments Choice Boosts Clinical Trial Participation and Drug Development Outcomes
Advancements in healthcare — and especially new drug and treatment protocols — hinge on clinical trials. Sayantan Chakraborty, global co-head of treasury services payments at J.P. Morgan Payments, and Winny Li, group...
February 21, 2024
BVNK Gets Electronic Money License to Expand Operations and Customer...
B2B payments platform BVNK announced that its electronic money institution (EMI) license is now live in Europe. The move is expected to enhance the company’s ability to support its customers...
February 21, 2024
Western Union Expands Cross-Border Payments Partnership With Mercado Pago
Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico. U.S. and Canadian customers can now send money...
February 21, 2024
Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
Many U.S. eCommerce merchants prioritize international markets, but see higher failed payment rates in cross-border transactions than in domestic ones. These payment failures significantly impact their bottom line. PYMNTS Intelligence...
February 21, 2024
Cross-Border Sales and the Challenge of Failed Payments – February...
February 20, 2024
Payplug and Mangopay Partner on Payments for European Marketplaces
Payplug and Mangopay have formed a strategic partnership to provide marketplaces and platforms across Europe with a seamless and complete payment solution. Payplug, which provides its omnichannel payment solution for merchants, retailers...
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.
Many eCommerce merchants in the United States seek growth in international markets but encounter significant friction in cross-border transactions. PYMNTS Intelligence’s latest study, “Cross-Border Sales and the Challenge of Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives to identify the key challenges of cross-border payments and how to solve them.