Current economic and financial conditions force consumers to tap overdrafts across income levels and credit personas. One in 5 consumers experienced overdrafts or declined transactions in the last year due to insufficient funds in their bank account. Nearly half of credit marginalized consumers experienced these...
In what’s already becoming another tumultuous economic year, direct-to-consumer (D2C) businesses may want to prioritize the prevention of two things: failed payments and fraud. 2023 has already been particularly tough for subscription companies, with 48% of businesses in the sector expecting challenges in attracting new...
Spurred by the pandemic’s chilling effect on brick-and-mortar retail, consumers who discovered the convenience of contactless cards and peer-to-peer (P2P) payment apps have turned to digital payments more than ever before. Businesses are rushing to meet this demand, especially for cross-border purchases. United States global...
When payment gateways go down, transaction declines go up and customers' frustrations and defections aren't far behind. In the latest "Payments Orchestration Playbook," Ryan Ewers, COO at digital tee-time platform Supreme Golf, tells PYMNTS how important orchestration is in keeping declines to a minimum and...
October 08, 2024
In an era of evolving consumer preferences, merchants face mounting pressure to streamline payment processes. As payment methods diversify and the costs of transaction processing rise, open payments platforms have emerged as vital tools for merchants and aggregators. A PYMNTS Intelligence report, “Open for Business: Unlocking the Power of Open Payments,” a collaboration with Spreedly, […]
August 02, 2022
Two-thirds of adults around the globe now leverage digital payments on a regular basis, including 57% of consumers in developing countries. Offering these digital payment options smoothly and seamlessly is...
