Palm Scanning Gains Ground as Retail Biometric of Choice
Fingerprint and facial scanning are commonplace due to their use in mobile devices, but palm scanning is finding a niche in retail. One of the main reasons palm biometrics have been adopted in new merchant implementations across Europe, Asia, and the Middle East is that they don’t require users to touch the scanner. Additionally, palm […]
All in One: How a Payments Hub Eliminates the Pain Points
From the early days of check and credit card processing to wire transactions and today’s real-time options, each payment rail has developed along its own lines, necessitating separate hardware, software, and operational teams, amounting to a set of parallel rails that often do not intersect. This puts each of the payment systems in its own […]
Mastercard Launches Initiatives to Drive Choice at Checkout
Consumers expect flexibility at checkout, and Mastercard has inked deals with PayPal and Deutsche Bank to deliver more payment alternatives. The partnership with PayPal centers around Mastercard One Credential, a platform that allows consumers to pay in multiple ways using a single credential—both online and in-store. According to Mastercard, this functionality resonates with Gen Z […]
How India’s UPI Rose to Dominate Real-Time Payments
Just nine years into its existence, India’s Unified Payments Interface (UPI) has surpassed Visa as the world’s largest real-time payment system in both the number of transactions and total transaction volume. On June 1, UPI processed 644 million transactions. In comparison, Visa’s average daily transaction volume in 2024 was 639 million. UPI has also far […]
From Underdogs to Industry Leaders: How Vertical SaaS Powers Mid-Sized Firms
For mid-sized companies striving to compete with multinational giants, Vertical SaaS has become a game-changer, helping them bridge the gap in their software needs. One of the key factors driving this shift is outbound payments—empowering even the smallest businesses to process payments in real time, leveling the playing field. Vertical SaaS seamlessly integrates a range […]
PayPal Credit Moves into the Physical World
PayPal’s ever-expanding footprint is taking a step into the past with the launch of its first physical card. Issued by Synchrony, a longtime partner in several other ventures, the PayPal Credit card can be used both online and in stores. The new offering pivots off PayPal Credit, which has long been available to customers shopping […]
Top 5 Reasons Consumer’s Receive Incentives
In today’s competitive marketplace, consumer incentives have become a key strategy for businesses aiming to attract and retain customers. From cashback offers and loyalty rewards to promotional discounts and rebates, companies are deploying a variety of incentive programs to influence purchasing behavior and drive engagement. Don’t miss another episode of Truth In Data! Click on […]
Klarna Launches Debit Card to Move Beyond BNPL
As part of its continued transformation into a full-fledged financial institution, Klarna is launching a Visa debit card for U.S. users. The Klarna Card will be piloted with a select group of consumers ahead of a nationwide rollout and a planned European Union launch later this year. The debit card is linked to an FDIC-insured […]
A Perfectly Understandable Bad Idea: Why Merchants Should Reconsider Surcharging
Most organizations factor in the cost of doing business when pricing their products or services. However, the costs of credit card acceptance have been a sticking point with many merchants for years, prompting some to tack on a surcharge when their customers use a card. Although this line of thinking may be understandable, as Craig […]
Visa’s New A2A Service Lands in the UK
Visa has launched its account-to-account (A2A) payment solution in the UK—a new service that enables users to manage bill and subscription payments directly through their banking apps. Leveraging the existing UK payment infrastructure, Visa A2A offers near real-time settlement along with enhanced dispute resolution mechanisms, similar to those available for its credit cards. Consumers can […]