Tearsheet » Payments
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Tearsheet is about the modernization of money and commerce. As people spend, save, bank, and invest their money differently, Tearsheet chronicles the way both incumbent retailers and financial services giants as well as newer upstarts scramble to deal with a new consumer reality. To understand more about them head staright to their blog.
Tearsheet » Payments
2w ago
Can improving payment experiences lead to wider access to services and improved lifestyle choices? Research suggests it can influence outcomes, either directly or indirectly. A recent report from the Financial Health Network found that 62% of low-income consumers who switched to digital payment platforms reported increased access to services like healthcare and transportation. Another consumer …
The post How Discover is tapping into niche consumer segments as a pathway for growth appeared first on Tearsheet ..read more
Tearsheet » Payments
2w ago
J.P. Morgan has recently invested in and partnered with Slope, a Y Combinator startup, in a move that combines J.P. Morgan’s extensive client relationships with Slope’s AI-driven B2B payment platform. This collaboration aims to provide corporate clients with improved short-term financing options and embedded payment solutions at the point of sale. The partnership brings together …
The post Case Study: J.P. Morgan integrates Slope’s AI-powered platform to offer instant B2B financing at point of sale appeared first on Tearsheet ..read more
Tearsheet » Payments
1M ago
Codat and J.P. Morgan have recently announced a partnership aimed at facilitating the transition from checks to digital payments for major banks in the United States. This collaboration has resulted in the launch of Codat’s new Supplier Enablement API product, designed to increase virtual card usage, with J.P. Morgan as an early adopter for its …
The post From Checks to Digital: J.P. Morgan and Codat discuss the changing landscape of B2B payments appeared first on Tearsheet ..read more
Tearsheet » Payments
1M ago
Financial products have become an integral part of strategy for retail brands, and for good reason: embedded finance allows brands to go from being behind the counter to connecting more deeply with how consumers spend, store, and save their money. The embedded finance starter pack: Payments For brands looking to dive deeper into financial services, …
The post How to build an embedded finance program from the ground up appeared first on Tearsheet ..read more
Tearsheet » Payments
1M ago
The friction between a customer and a purchase has gone down, but the same cannot be said for when customers want to disengage from services like a subscription. Similarly, while the industry has raced ahead in enabling customers to use new payment methods, financial tools that help customers keep track of their expenses, on the …
The post The post-purchase space is a land opportunity, where partnerships push FIs and merchants further into profitability, feat. Gaurav Mittal, EVP of Ethoca appeared first on Tearsheet ..read more
Tearsheet » Payments
2M ago
Barrett Smith is the Chief Payments and Customer Operations Officer at Versapay Virtual credit cards are quickly becoming a key part of the B2B payment industry. In fact, the North American virtual card market is expected to grow 24% annually, hitting $694 billion by 2026. Our research also shows that 78% of buyers anticipate using …
The post Why virtual credit card acceptance is critical to customer retention appeared first on Tearsheet ..read more
Tearsheet » Payments
3M ago
E-commerce may bring instant gratification, but it’s opening the door for more chargebacks. The global volume of chargebacks has significantly increased over the last five years, with projections indicating it will reach $165 billion in 2024, up from around $72 billion in 2019, pre-pandemic. But what’s causing the uptick? In large part, gaps in the …
The post How rising chargeback costs can be a sign of underlying customer service issues appeared first on Tearsheet ..read more
Tearsheet » Payments
3M ago
Subscription services have become an integral part of our daily lives. From streaming platforms to meal delivery kits, consumers are navigating a complex landscape of recurring payments. Recognizing the need for better management tools, Visa has stepped up with its innovative Subscription Manager solution. This service aims to provide cardholders with a centralized view of their subscriptions, offering newfound control and transparency.
To learn more about this new offering, we spoke with Kathleen Gilmore-Pierce, the global head of Issuing Solutions at Visa. In this interview, Gilmore-Pierce d ..read more
Tearsheet » Payments
3M ago
For the average person, keeping track of how their money is spent is a common activity. Here, having transactional information and purchase history is critical – it allows customers to remain vigilant and also quickly spot when something is amiss. 50% of customers analyzed a purchase in the last year, and 24% investigated a payment because they did not recognize it, according to recent research by Mastercard.
Source: MastercardHow merchants and banks can give consumers more insight into their purchases
One of the easiest ways customers can track their spending is with digital receipts, w ..read more
Tearsheet » Payments
4M ago
The evolution in payment technologies and experiences is directly impacted by changes in consumer preferences, particularly among younger generations. To explore these changes and their potential impact on businesses, I spoke with Thomas Priore – CEO, Priority, a company specializing in integrated payments and banking solutions.
Thomas Priore – CEO, Priority
This interview covers several key areas of interest in the payment landscape. Priore shares his observations on Gen Z’s adoption of newer payment methods like buy now, pay later (BNPL) for smaller purchases. He also discusses how retailers ..read more