Banyan news and trends

Adding Value, Driving Growth: Industry Leaders Map the Future of Financial Services
Opinion // November 01, 2024

The financial services industry stands at a crossroads where technology, customer expectations, and market pressures converge to create both challenges and opportunities. As we look toward 2025, industry leaders are unified in their vision: Success will come not just from processing transactions or providing basic...

Clarity Is Key: The Link Between Transparent Billing and Chargeback Reduction
Digital Payments // October 23, 2024

  Unexpected charges are a reality that 30% of consumers experienced in just the last 12 months. These charges could include either outright fraud or some level of ambiguity. For example, a cardholder may not recognize the charge amount or merchant. Providing clarity on such...

SKU-Level Data Helps Consumers Avoid Losing $4 Billion in Healthcare FSA Funds, Banyan Says
Healthcare // September 09, 2024

Call it the $4 billion year-end problem, plaguing consumers and the healthcare industry like clockwork. That’s the amount of money that disappears from flexible spending accounts (FSAs) every year as the “use it or lose it” feature of FSAs kicks in. There’s a rush as...

Bilt and Walgreens Team on Health Savings Rewards
News // August 26, 2024

Bilt has expanded its loyalty rewards program via a partnership with Walgreens. The collaboration, announced Monday (Aug. 26), includes the introduction of an automatic health savings program, which the companies say is the first time customers can apply any network-branded flexible spending account (FSA) or...

Interviews & Exclusives
52% of Consumers Want Disputes to Be Easy and Resolved Fast

November 06, 2024
Card disputes have long been viewed as a necessary evil in retail banking and commerce — a cost center to be managed and minimized. But new research from PYMNTS Intelligence and Banyan, “How Card Disputes Are an Opportunity to Cultivate Customer Loyalty,” reveals that these friction points actually represent critical moments that can either cement […]

Adding Value, Driving Growth: Industry Leaders Map the Future of Financial Services

November 01, 2024
The financial services industry stands at a crossroads where technology, customer expectations, and market pressures converge to create both challenges and opportunities. As we look toward 2025, industry leaders are...

Clarity Is Key: The Link Between Transparent Billing and Chargeback Reduction

October 23, 2024
  Unexpected charges are a reality that 30% of consumers experienced in just the last 12 months. These charges could include either outright fraud or some level of ambiguity. For...

All Signal, No Noise: How Item-Level Data Brings Retail and Banking Intelligence Together

July 31, 2024
There’s plenty of competition in the retail and banking sectors. But there’s no good reason for them to compete with each other, as both face mounting pressure to enhance customer...

Quick Reads
Bilt and Walgreens Team on Health Savings Rewards

August 26, 2024
Bilt has expanded its loyalty rewards program via a partnership with Walgreens. The collaboration, announced Monday (Aug. 26), includes the introduction of an automatic health savings program, which the companies say is the first time customers can apply any network-branded flexible spending account (FSA) or health savings account (HSA) benefits card to purchases at a […]

Bilt Uses Banyan Item-Level Data Capabilities to Enhance Rewards Program

June 04, 2024
Bilt joined the Banyan platform to provide additional benefits to its members. “The addition of Banyan item-level data capabilities opens exciting new opportunities for Bilt and its rewards network partners...

Walgreens Teams With Banyan for Item-Level Data

May 20, 2024
Walgreens has formed a partnership with Banyan, a platform offering merchants item-level receipt data solutions. By adding Banyan’s item-level data capabilities, the companies said on its blog Monday (May 20), Walgreens will be...

Banyan to Add Item-Level Data Capabilities to WEX Virtual Payments

May 02, 2024
Banyan has announced a new partnership with WEX. “As a B2B FinTech whose purpose is to simplify the business of running a business, WEX helps solve operational complexities and streamline...