Psps news and trends

77% of Shoppers Say ‘No Sale, Bye’ If Preferred Payment Option Missing
Payments Innovation // September 20, 2024

In today’s fast-paced eCommerce landscape, platforms like marketplaces and aggregators are vital for merchants looking to expand their reach. However, they face challenges in offering diverse payment options while maintaining smooth operations. A PYMNTS Intelligence report, “The Orchestrated Platform: Why Payments Orchestration Is Not Just...

BoE Urges UK Payment Firms to Upgrade Operational Resilience
Payments As A Service // April 30, 2024

Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks? Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank of England (BOE) said there is still work to be done.  In a speech Tuesday (April 30), Mills said these...

SAP Adds Composable Payment Solution to Commerce Cloud
Payment Methods // March 15, 2024

SAP has launched a composable payment solution designed to help retailers add new payment options. The company’s new open payment framework integrates SAP Commerce Cloud with several third-party payment service providers (PSPs) and allows retailers to choose payment partners based on their own unique needs,...

Firms Partnering With Third Parties to Fight Fraud See Profit Boost
Fraud Prevention // January 25, 2024

Payment service providers – also known as PSPs – are an important piece of the payment ecosystem. For any business that wants to deliver a payment to their customers, PSPs provides a platform to collect and manage any type of payment in an efficient and...

Interviews & Exclusives
77% of Shoppers Say ‘No Sale, Bye’ If Preferred Payment Option Missing

September 20, 2024
In today’s fast-paced eCommerce landscape, platforms like marketplaces and aggregators are vital for merchants looking to expand their reach. However, they face challenges in offering diverse payment options while maintaining smooth operations. A PYMNTS Intelligence report, “The Orchestrated Platform: Why Payments Orchestration Is Not Just for Merchants,” a collaboration with Spreedly, reveals payments orchestration has […]

PSPs Hold Infrastructure Key to Solving LatAm’s Fragmentation Problem

September 22, 2021
Latin America has become an attractive market for financial institutions (FIs), FinTechs and payment services providers (PSPs) to expand as payment digitization and use of alternative payment methods increase. The...

APIs Enable Shortcuts for US and Brazilian Cross-Border Commerce

September 03, 2021
As millions of consumers shifted their shopping activities online, businesses faced numerous barriers when meeting them there, particularly companies seeking to penetrate the United States market from abroad. From complex...

New Research Shows Instant Authentication Key To Open Banking Success

August 12, 2021
Today’s payment service providers (PSPs) play a crucial role in facilitating global commerce for entrepreneurs, small- to mid-sized businesses (SMBs) and eCommerce marketplaces. One tool that more PSPs are adopting...

Quick Reads
Treasury Official: State-by-State Regulations Stifle Innovation for FinTechs

October 11, 2024
A federal regulatory framework for nonbank payment service providers is needed to reduce risks and promote innovation, Nellie Liang, under secretary for domestic finance at the U.S. Treasury Department, said Wednesday (Oct. 9). In remarks prepared for delivery at the Chicago Payments Symposium hosted by the Federal Reserve Bank of Chicago, Liang said that “our […]

BoE Urges UK Payment Firms to Upgrade Operational Resilience

April 30, 2024
Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks? Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank of England (BOE) said there...

SAP Adds Composable Payment Solution to Commerce Cloud

March 15, 2024
SAP has launched a composable payment solution designed to help retailers add new payment options. The company’s new open payment framework integrates SAP Commerce Cloud with several third-party payment service...

PPRO, Credorax Pair On Alt Payment Methods Abroad

September 20, 2018
PPRO Group, a U.K. cross-border ePayment provider, announced a partnership with Credorax to boost its Alternative Payment Methods (APMs) offerings throughout Europe. Credorax is one of the first technology companies in...