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Gen Z clings to new payment tools

Payments Dive

Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.

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Amex rolls out B2B digital payment tool

Payments Dive

American Express cited data indicating nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending over the next six months.

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HSBC Introduces New Real-Time Global Payments Tool

PYMNTS

HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As

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Jack Henry debuts P2P payments tool

Payments Dive

The company is bringing the peer-to-peer payments tool to community and regional bank clients, after big banks made P2P popular through Zelle.

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P2P payments tools lack transparency, consumer group says

Payments Dive

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

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Wells Fargo Debuts Digital Supplier Payment Tool

PYMNTS

Wells Fargo is beefing up its digital payments arsenal with a new service aimed at business customers. To use the tool, customers electronically send payment instructions, which are routed to the WellsOne Virtual Card Payments service, the release stated. The financial services giant on Thursday (Nov.

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U.S. Bank teams with Lithia on real-time payments tool

Payments Dive

Bank and Lithia Motors are teaming up to test a new real-time payments tool for customers selling their used cars to the auto dealer in their driveways. The pilot in Portland, Oregon, is expected to be rolled out nationwide this year.