Payments as a Growth Strategy: How ISVs Can Optimize Revenue Potential with Embedded Finance
As the worlds of technology and financial services converge, the pace of innovation is increasing exponentially. The advent of AI, cloud-based, headless architecture, and ‘everything-as-a-service’ presents a challenge to ISVs looking to adapt to a rapidly changing ecosystem and remain competitive in a crowded marketplace. So, how can you future-proof your business for scalable growth […]
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, […]
United’s Higher Card Fees and New Perks Signal a Focus on Business Travel
United Airlines and Chase Bank have made several changes to their credit cards, aiming to attract frequent business travelers. United is increasing fees on several of its cards while adding new perks, such as seat upgrades, higher spending limits that contribute to elite status, and award discounts. This strategy appears to target deep-pocketed business travelers, […]
Stripe to Handle Payments for Biometrics Verification Company CLEAR
Amid constant speculation about the use cases for biometric authentication, Stripe has agreed to handle payments operations for CLEAR. CLEAR is best known for its membership program, CLEAR Plus, which leverages biometrics to expediate identity verification queues at airports. However, the company has since expanded its platform to offer biometric authentication solutions across industries such […]
Beyond Checks: Why Prepaid Cards and Digital Payments Are the Smarter Choice
Many organizations still rely on paper checks, with no immediate plans to phase them out. However, one of the key issues with checks is that criminals favor them as well. Last year’s AFP Payments Fraud and Control report found that checks are the most frequently targeted payment method for attempted payments fraud—nearly twice as much […]
Australia Proposes Ambitious Regulatory Framework for Crypto and Digital Assets
Australia has proposed new rules to govern the widespread implementation of technologies like crypto, CBDCs, and tokenization as part of its efforts to modernize the economy with digital assets. In a whitepaper, the Australian Treasury noted that it would work with the Australian Securities and Investment Commission and the Reserve Bank of Australia to pilot […]
What Klarna Hopes to Gain from the DoorDash Deal
Klarna’s new partnership with DoorDash, which allows consumers to order meals from their favorite restaurants and break down the purchase into installments, may have more strategy behind it than meets the eye. While Klarna is best known for its buy now, pay later services, the DoorDash plan offers multiple payment options, including the ability for […]
Fighting the Surge in Scams: Why Standardization and Communication Are Key
There’s a growing consensus among organizations as diverse as financial institutions, consumer advocacy groups, and card networks that scams are out of control. And yet, the U.S. still lacks a consistent framework to identify, categorize, and address this spiraling threat. In the Getting Personal With Scams report, Suzanne Sando, Senior Fraud and Security Analyst at […]