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Consumers are tightening their grips on their wallets — digital ones and the ones kept in pockets and purses — and yet eCommerce sales still are showing momentum, though the gains are slowing.
This week, the Federal Reserve detailed that in the first quarter of 2025, U.S. retail eCommerce sales reached an estimated $300.2 billion, slightly below Q4 2024 levels but virtually unchanged overall and...
Dynamic and uncertain times can help build nimble companies.
Modern finance, IT and treasury departments are under pressure to manage a range of workloads. From traditional applications like virtual machines and databases to emerging demands such as artificial intelligence and edge computing, the complexity is escalating.
The shift is being reflected across back-office enterprise infrastructure,...
Payments tech firm Worldpay says it now offers domestic acquiring capabilities in Colombia.
It’s part of an ongoing expansion into Latin America, with Worldpay supporting some of the largest merchants in Argentina, Brazil and Mexico, the Cincinnati-based company said in a Wednesday (May 21) news release.
“Our vision to unleash the potential of every business means breaking down barriers for...
Binance has integrated its payment solution with Pix, Brazil’s instant payment system.
The integration, announced Wednesday (May 21), allows people to use Binance Pay and Pix to make instant payments in the local currency using cryptocurrencies and transfers to any individual or merchant in Latin America’s largest country.
“This is a significant milestone because it is the first time Binance Pay...
Payments and banking startup Airwallex is aiming to expand after raising $300 million.
The company’s Series F funding round values Airwallex at $6.2 billion, and will allow it to expand its infrastructure into new markets and continue refining and scaling its software, according to a Wednesday (May 21) news release.
“The global financial system wasn’t built for today’s borderless economy,”...
B2B payments are the lifeblood of global business, and few innovations have scaled as rapidly (and as unevenly) as virtual cards across B2B.
“Virtual cards are growing tremendously in the market, with estimates that range from anywhere between 15% to 25%. But while they’re a great tool for buyers, they can be a resource drain for suppliers,” Abhishek, global head of B2B Acceptance at Visa...
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...