FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer expectations around instant payments, there is still room for improvement. In “FinTechs’ Instant Payment Mismatch,”...
The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from...
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...
In line with the digital transformation sweeping across industries, Six Flags has embarked on a digital transformation initiative aimed at redefining the guest experience in theme parks. Central to this endeavor is the integration of artificial intelligence (AI) technologies aimed at transforming every aspect of the...
PSCU/Co-op Solutions has added Amazon One to its suite of digital wallet integrations for client card issuers. This pay-by-palm solution is now available to credit unions on a pilot basis and is expected to be generally available later in the second quarter, the credit union service organization (CUSO) said in a Tuesday...
Interac has acquired the exclusive Canadian rights to use Vouchr’s engagement platform. This platform allows users to send and receive personalized multimedia notifications along with money transfers, and the deal will enable multimedia Interac e-Transfer notifications that can be customized by Canadian consumers and businesses, the companies said...
Cigo says it wants to help an increasingly cashless society tip delivery drivers. To that end, the software company announced Monday (April 15) that it had added a digital tipping feature to Cigo Tracker, its logistic software application for last-mile delivery. “Ridesharing and restaurant industries have facilitated in-app...
Onbe and ScrapRight have partnered to help scrapyards and recycling centers make instant digital payouts to sellers. With this partnership, Onbe’s digital payouts gateway has been integrated with ScrapRight’s recycling management software, the companies said in a Thursday (April 11) press release. “As the latest addition to our end-to-end...
Commercial payments firm Comdata has launched a contactless feature for its electric vehicle focused Chargepass Mastercard. As the company noted in a Tuesday (April 9) news release, the solution is designed to streamline payments for businesses by meeting their needs for public charging and mixed fleet fueling, with...
