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FIS has launched an embedded finance platform designed for use by financial institutions, businesses and software developers.
The new “Atelio by FIS” platform can help any company collect deposits, move money, issue cards, send invoices, fight fraud, forecast cash flows and better understand customer behavior, the company said in a Tuesday (May 7) press release.
“Our scale, distribution and...
Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses.
And it may help them pay for at least some “everyday” essentials, too.
The PYMNTS Intelligence and Visa report “The Embedded Lending Opportunity” found that across geographies, about half of consumers are satisfied with the embedded lending options that come...
Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices.
MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces shoppers to fulfill online purchases using its payment platform, Mercado Pago, Bloomberg News reported Monday (May 6), citing a complaint filed to Argentina’s National Commission for...
Visa has launched a generative artificial intelligence (AI) solution designed to help issuers combat enumeration attacks.
The new VAAI Score tool is being added to the Visa Account Attack Intelligence (VAAI) offering, beginning with U.S. issuers, the company said in a Tuesday (May 7) press release emailed to PYMNTS.
“With the VAAI Score, our clients now have access to real-time risk scoring that...
Sixty-three years ago this month, the world’s first supercomputer was born. In May of 1961, IBM introduced its Model 7030, also known as “Stretch.” The gamechanger was its computational processing power and speed. Computers were used mostly for scientific applications at the time, and crunching massive data sets was time consuming and tedious.
“Stretch” reduced the processing time of complex...
General-purpose credit cards dominate the consumer credit card landscape. In fact, about 2.5 times more consumers hold general-use credit cards than either co-branded credit or store cards, with substantially wider gaps among lower-income consumers and those in younger age groups.
Moreover, cardholders who have both a co-branded and general-use card tend to reach for the latter more often. In...
Virtual cards are at a tipping point.
That’s the sentiment expressed by several finance leaders in the B2B space, as the current environment of stubborn inflation and strict access to capital affects the payment needs of every company, especially the middle market. When access to working capital is paramount, virtual cards can provide an element of security and certainty.
“Too many middle-market...
Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it.
In a press release issued Oct. 19, the CFPB said Rule 1033 “would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new protections against companies...
Investments in technology, data science and analytics pay dividends in uncertain times, Rewards Network Chief Product Officer James Roedding writes in the new PYMNTS eBook, “The Implications of Uncertainty.”
The executive team at Rewards Network believes that the best thing we can do to prepare for uncertainty and risk is to grow and strengthen our core operations. The more margin and agility...
Simon Property Group has seen a “big comeback” in malls, driven in part by domestic tourism.
The company, which is a real estate investment trust that owns shopping, dining, entertainment and mixed-use destinations, saw its occupancy rise 1.1% year over year (YoY) and reach 95.5% as of March 31, Simon said in a Monday (May 6) earnings release.
It also saw its base minimum rent per square foot...