PYMNTS-MonitorEdge-May-2024

Discover

Discover is a credit card brand issued primarily in the United States. It was introduced by Sears in 1985. When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit, features that were disruptive to the existing credit card industry.

Source: discover.com

Unattended Payments Shape the Future of Retail Transactions
Unattended Payments Shape the Future of Retail Transactions
May 29, 2024  |  Payments Innovation

Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. However, there has been a shift, with unattended payments technologies increasingly becoming...

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Open-Loop Payments Help Advance Smart City Innovation
Open-Loop Payments Help Advance Smart City Innovation
May 14, 2024  |  Connected Economy

The concept of the connected commuter is gaining momentum, driven by the increasing reliance on digital solutions for travel and commuting needs. PYMNTS Intelligence research...

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Five Ways Consumers Are Pumping the Brakes on Spending
Five Ways Consumers Are Pumping the Brakes on Spending
May 06, 2024  |  Consumer Insights

We may be witnessing the beginnings of a great pullback in consumer spending. At least in some areas. As paycheck-to-paycheck living remains a reality for most U.S. consumers,...

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CFPB Head Wary of Big Credit Card Mergers
CFPB Head Wary of Big Credit Card Mergers
April 24, 2024  |  Credit Cards

America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these worries in a Wednesday...

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Zip Adds Enterprise Capabilities to Procurement Orchestration Platform
Zip Adds Enterprise Capabilities to Procurement Orchestration Platform
April 03, 2024  |  B2B Payments

Zip has added new enterprise capabilities to its intake and procurement orchestration platform and intake-to-pay suite. This new suite of capabilities called Zip Premier is...

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Nuvei Sale Hints at Private Deals and Consolidation in Payments’ Future
Nuvei Sale Hints at Private Deals and Consolidation in Payments’ Future
April 02, 2024  |  Partnerships / Acquisitions

2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization,...

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‘Mega-Deals’ More Than Double Following M&A Drought
‘Mega-Deals’ More Than Double Following M&A Drought
March 28, 2024  |  Acquisitions

After a drought, the merger and acquisition (M&A) landscape is in bloom. Major M&A deals — agreements worth at least $10 billion — more than doubled during...

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Capital One to Regulators: Discover Deal Will Increase Competition
Capital One to Regulators: Discover Deal Will Increase Competition
March 21, 2024  |  Acquisitions

Capital One says its planned $35.3 billion purchase of Discover will boost competition. That’s according to a report Thursday (March 21) by Reuters, citing information shared by a...

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Tokenized Credentials Accelerate Fraud Reduction and Get Higher Approval Rates
Tokenized Credentials Accelerate Fraud Reduction and Get Higher Approval Rates
March 11, 2024  |  Credit Cards

The holy grail of payments — for merchants, for consumers and financial institutions — has two essentials: Reduced friction, and reduced fraud. Individuals want to...

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