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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for U.S. Merchants and How Agentic AI is Changing What Comes Next
3+ hour, 59+ min ago (164+ words) PYMNTS.com The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for U.S. Merchants and How Agentic AI is Changing What Comes Next They’ve picked the product and are ready to pay. Then their preferred digital wallet is missing,…...
FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth
11+ hour, 26+ min ago (146+ words) PYMNTS.com 48% of FinTechs Plan to Pursue Credit Union Deals FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth PYMNTS Intelligence surveyed 100 FinTech executives and found a sharp shift toward credit union partnerships. A market with nearly 146 million…...
Visa Direct Targets Cross-Border Trade???s SMB Payment Gap
2+ day, 14+ hour ago (1021+ words) SMBs can now reach customers, suppliers and workers globally without having the treasury staff that larger companies use to manage cross-border payments. Legacy cross-border rails can leave smaller businesses waiting days for payments while dealing with limited traceability, intermediary fees…...
FinTechs See 146 Million Reasons to Target Credit Unions
2+ day, 14+ hour ago (265+ words) FinTechs once saw credit unions as a hard market to crack. Now the door is crowded, and many providers want a way inside. “FinTechs Want In: How Credit Unions Can Turn Partnerships Into Growth” is a PYMNTS Intelligence and Velera…...
Apple Enables One-Tap Gift Card Redemption in Upcoming iOS Update
1+ day, 15+ hour ago (228+ words) Apple’s upcoming mobile operating system, iOS 27, will enable users to redeem Apple gift cards by tapping them on a compatible iPhone, MacRumors reported Wednesday (Sept. 9). The iPhone will scan a security chip in Apple’s gift cards to verify that the…...
AI Agents Need Permissioned Funding Sources. Not Company Bank Accounts.
2+ day, 15+ hour ago (530+ words) AI agents may not need money; they need permission to spend it. Treasury can keep liquidity centralized while software receives programmable authority to create approved obligations. Virtual cards, stablecoins and bank rails become execution options, not the core product. The…...
MVB Partners With Velocity for Visa Direct Stablecoin Settlement Pilot
3+ day, 16+ hour ago (340+ words) MVB Financial has partnered with Velocity to join a Visa Direct pilot supporting stablecoin-enabled funding and settlement for push-to-card payouts, Velocity said in a Wednesday (Sept. 9) press release. Through their partnership, MVB will use stablecoin payments to settle its Visa…...
Mastercard Sued by 300 Hotel Companies in UK Over Swipe Fees
3+ day, 19+ hour ago (420+ words) Mastercard has been sued by around 300 hotel companies in Britain over card payment fees, in the latest antitrust challenge over the costs merchants incur when accepting card transactions. According to Law360, the hotel companies are challenging Mastercard over multilateral interchange fees,…...
Nacha Launches Initiative to Explore Stablecoins in Money Movement
3+ day, 20+ hour ago (268+ words) ACH network operator Nacha and its Payments Innovation Alliance launched a new digital assets-focused initiative, according to a Wednesday (Sept. 9) press release. The Next-Gen Currency Project Team will be led by Nacha and the Digital Sovereignty Alliance, the release said....
Splitit and Jack Henry Team to Help Banks Compete With BNPL
3+ day, 20+ hour ago (248+ words) Bank-linked installment payments company Splitit launched integrations with two Jack Henry platforms, according to a Wednesday (Sept. 9) press release. The platforms include Jack Henry’s SilverLake core banking platform and Banno Digital Platform through the Jack Henry Fintech Integration Network (FIN),…...