Payments represent the lifeblood of business success. And business success, like payments, is inherently complex. This inherent complexity, arising because today’s payments sit at the intersection of technology, finance, regulation, and end-user behavior, can impede businesses’ ability to maximize revenue. “The payments industry has moved...
Stripe says it wants to help merchants show their buyers prices in local currencies. To that end, the payments company announced Wednesday (Aug. 7) that it is introducing adaptive pricing for businesses in Asia Pacific and Latin America, letting businesses automatically show pricing in local...
It was the thick of earnings season this week, but that didn’t mean PYMNTS’ interviews with key executives took a break. Here are some of the most notable quotables for the week ending Aug. 2 in case you missed them. We started the week with...
The concept behind tokenization is simple. Tokenization is a tech-enabled way to safeguard sensitive information by replacing it with non-sensitive, scrambled strings of information. The practice of tokenization within the financial services realm might be most readily apparent with the tens of billions of tokens...
For smaller firms and startups seeking capital — the lifeblood of growth — the last few months of 2024 are holding some promise after a long drought of high interest rates and stubborn inflation. The IPO market has rebounded, up 30% for the first half...
Change in payments, as in life, happens slowly and then all at once. And as we navigate through 2024, the payments industry is undergoing transformative changes, driven by innovations spurred by the rise of new payment rails and ongoing efforts toward standardization. “We’ve been tracking...
The integration of financial products and services into digital ecosystems is transforming commerce. “With the advancements of technology and the platforms businesses rely on to run their operations, they are looking to integrate financial products to give their customer base more value,” Ben Griefer, COO at...
As digital commerce evolves, businesses are constantly seeking innovative solutions to enhance their payment processes. And providers are working around the clock to give them exactly that. The emergence of open payment platforms, as one example, represents a significant step forward, offering a more flexible,...
Banking software company Temenos has teamed up with Visa to provide the money movement solution Visa Direct to banks. Visa Direct will be integrated with Temenos Payments Hub and made available to banks via Temenos Exchange, the company’s ecosystem of partner solutions, the companies said...
