Digital Gift Cards Surge in China as Payment Apps Thrive
Gift cards have become the preferred gifting choice worldwide, as reflected in China’s gift card market, which has seen a 9.4% compound annual growth rate (CAGR) since the beginning of the decade. According to a report from ResearchAndMarkets.com, this rapid growth is expected to continue, with China’s gift card market projected to expand at a […]
Affirm Partners with JPMorgan Chase, as BNPL Arms Race Heats Up
Affirm has joined JPMorgan Chase’s payments network, expanding the reach of its buy now, pay later services to millions of additional U.S. retailers. Just last month, Klarna, a key rival in the burgeoning BNPL market, secured a similar deal with JPMorgan. The competition between the two providers is intensifying as more consumers turn to BNPL […]
Inside Outsourced Item Processing: A Client Case Study
When Academy Bank first considered outsourcing its item processing, it anticipated a challenging and uncertain journey. However, partnering with Fiserv transformed the experience, delivering both anticipated and unexpected benefits—ranging from a streamlined training process to a significant reduction in client impact errors. In a PaymentsJournal podcast, several members of the Academy team—including CIO Shannon Gilley, […]