The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh of relief, sending shares up 6% higher in the wake of the post-earnings-close announcement. Yes, the decline in sales — at 4% — was better than some had feared. And …
Despite outsized growth in Click-and-Mortar™ shopping opportunities in Brazil during the last three years, retailers there still don’t offer 39% of the digital features consumers want. This is just one finding from PYMNTS Intelligence’s “2024 Global Digital Shopping Index: Brazil Edition,” which was commissioned by Visa Acceptance Solutions and drew on insights from 2,200 consumers and …
Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the form of a mobile virtual card app engineered to provide financial institutions with options for delivering secure, contactless payment services—a demand increasingly voiced by …
Disbursements are a critical part of the modern economy, with more than 170 million consumers in the United States receiving at least one within the past year. These come in many flavors, including Social Security payouts, insurance claim payouts and retail refunds. These payments all share one feature for consumers: They could be faster. According …
For Apple — and as been seen already with Block (formerly Square) — the drive is to get consumers to spend the cash, rather than just bank it. Apple, of course, has been forging an ecosystem that includes financial services, where Apple Cash serves as a linchpin. The cash card is built into Apple devices, …
At this point in artificial intelligence’s (AI) relatively brief life, we’ve heard a lot of different angles to the banking story. It has been called a job killer and a job creator. It has established itself as an excellent fraud detection application but needs human intervention to keep it on track. It even got an …
Digital wallets such as Apple Pay and Google Wallet provide consumers with convenient and secure ways to make in-store and online purchases without having to put sensitive credit or debit card data at risk. PYMNTS Intelligence’s “Tracking the Digital Payments Takeover: Can New Use Cases Drive Consumer Use of Digital Wallets?” found that a high percentage of consumers — …
The cost of skipping long airport queues is set to increase due a hike in fees for expedited security programs, according to a recent press release by the U.S. Customs and Border Protection (CBP), but a passport app may help. Effective from Oct. 1, the fee for the Global Entry program, for instance, will rise from $100 to …
Innovations in embedded finance have captured the attention of decision makers in the logistics and wholesale trade space. As a result, payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces are all working with these providers to help them integrate embedded finance capabilities, such as digital wallets and installment plans, into their websites and product …
Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets, which make international fund flows cheaper, faster and more convenient. Earlier this month, Mastercard announced a new connection with China’s Alipay, which enables bank, FinTech and corporate clients to offer …