FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. Modo CEO Bruce Parker told PYMNTS that the term signifies “the ability to keep track of all of the different moving parts of a payment” throughout its entire lifecycle....
When The Clearing House launched its Real-Time Payments (RTP) network in 2017, the service was bound to rewrite some rules, and it has. More than two-thirds of executives surveyed for the January 2020 Making Real-Time Payments a Reality: Rising Demand for Real-Time Payments report from...
With Retail’s Big Show in New York, earnings season kicking off and banks reporting on the State of the State 2019, there was no shortage of headlines this week. Yet, even in a big week, there are standouts — Visa bought Plaid, Goldman Sachs’ Marcus...
From where PayPal sat, the world was a very generous place in the year 2019. According to data released this morning, donation processing had a record-breaking year on multiple fronts — as consumers proved an ongoing willingness to give both more and more often, to...
In payments, change happens at the speed of consumer behavior. As consumer preferences evolve (across channels, online conduits and mobile devices), merchants must react quickly. This has a ripple effect on merchant service providers (MSPs), the companies that have historically helped businesses accept debit, credit...
Things move fast – perhaps too quickly at times – in payments and commerce. A fresh sign of that is how much focus is turning toward the emerging consumer group known as Generation Z. Gen Z is growing up. The oldest members of the generation...
The Clearing House launched Real-Time Payments (RTP) two years ago, enabling financial institutions in the U.S. for the first time to send and receive payments instantaneously, 24/7 year-round. Yet, the question remained as to whether Real-Time Payments would resonate with businesses as a transformational system....
Creative destruction eradicates some business models and reformulates others. For example, merchant services providers (MSPs) have long supplied credit card processing for retailers as their central offering. They didn’t need to go much beyond that to be helpful or profitable, and many didn’t. But with...
Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization. For merchants,...
