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Visa launched Visa Commercial Integrated Partners, a program to help businesses embed payments into their products and platforms.
The program is designed to cover companies ranging from ERP platforms that streamline reconciliation processes to connected commerce applications that enable in-vehicle fleet transactions, Visa said in a Tuesday (May 21) news release provided to PYMNTS.
“Visa...
Financial innovation is often seen as the domain of billion-dollar institutions, but the latest data reveals a surprising shakeup: The smallest credit unions are catching up — and in some areas, even outpacing — their larger counterparts. It turns out that small does not mean slow when it comes to digital transformation. From slashing the number of innovation laggards to making bold product and...
Business-to-business (B2B) transactions typically involve higher volumes and more complex authorization than consumer payments. Companies must balance usability with security, often managing multiple layers of authentication for different roles, departments and systems.
Still, look closely at the latest generation of B2B payment systems and you’ll find an unexpected hero emerging from consumer...
Real-time payments are no longer a future prospect or an experimental innovation; they are the present reality and a fundamental expectation.
As demand reaches unprecedented levels, financial institutions (FIs) across the spectrum are facing a critical juncture: embrace instant payments or risk being left behind.
The timeline for action is tightening rapidly, with aggressive adoption reshaping...
The past few weeks have been a roller coaster for consumers. Inflation is still a fact of life, tariffs have influenced what we buy, and from whom. Earnings season has been marked by a slew of companies pulling guidance, because things are so uncertain. But consumers are keeping a tenuous hold on their spending patterns.
“The shock hasn’t been felt yet,” observed PYMNTS CEO Karen Webster of the...
Saudi Arabia is emerging as a focal point in cross-border payments thanks to the rise of digital wallets.
The PYMNTS Intelligence report “Global Money Movement: Saudi Arabia Edition,” a collaboration with TerraPay, revealed that 54% of Saudi consumers who made cross-border payments in the past year used digital wallets.
The figure placed the country behind only the United States (63%) and ahead...
While U.S. consumers enthusiastically embrace digital wallets for sending money to friends and family, they notably trail several other developed nations in adopting mobile payments at physical store locations, highlighting a bifurcated digital payment landscape stateside.
According to “How the World Does Digital,” a data-driven deep dive into the global payment shift, digital and mobile wallets...
How you pay for that new sofa you just bought on Wayfair matters deeply to the bank that issued your credit card. Consumers have, on average, roughly three credit cards, making the one whipped out most frequently a driver of fees for the issuing bank.
You may want to shop as much as financially possible, but card-issuing financial institutions also want you to do that — and to pay as often as...
PNC Bank plans to acquire Aqueduct Capital Group to enhance the primary fund placement capabilities of PNC subsidiary Harris Williams.
The bank has entered into a definitive agreement for the acquisition, and the transaction is expected to close in midsummer, subject to customary closing conditions, PNC Bank said in a Tuesday (May 20) press release.
“This acquisition is complementary to existing...
A $1.2 billion exchangeable bond deal announced last week by Uber Technologies reportedly features a rare structure that is appealing to investors and to Uber.
The deal is tied to Uber’s shares in self-driving truck firm Aurora Innovation and includes bonds that turn into equity if the stock exceeds a set price after a set period, Bloomberg reported Tuesday (May 20).
The deal allows investors to...