Direct debits have been popular through the decades — across a variety of use cases — especially when it comes to bill payments and subscriptions. Enterprises withdraw money from accounts according to set parameters. Those parameters span dates, or dollar amounts, and tend to be...
Summer should get a speeding ticket, a wise person once said, and that’s a reality that all of us living in the Northern Hemisphere came to grips with last weekend. The Labor Day weekend marked the unofficial end of summer, and the start of the...
Within an open banking environment, advances like pay by bank are transforming money movement. At its core, pay by bank allows consumers to make payments directly from their bank accounts, bypassing traditional intermediaries such as credit card networks, Trustly Chief Revenue Officer Frederick Crosby told...
The key to success for many businesses lies within their finance departments. And the key to success within many finance departments is the embrace of efficient cash application processes. Traditionally, cash application — the process of matching incoming payments to outstanding invoices — was relatively...
Advances in banking and payments are transforming business operations. Taken together, the integration of these two functions is changing, well, everything. “Customers are looking for financial operations that work in concert with their business needs, combining the latest technology with legacy systems in a way...
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...
