Mastercard’s Turner says consumers call the shots, Installment payments to spur merchant growth, What 36 payments execs wish for 2021

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December 30, 2020

Buy Now, Pay Later Tracker

Installment Payment Plans To Spur Merchant Growth In 2021

A lack of access to flexible payment options is a deal breaker for nearly half of shoppers who prefer such options online and in stores. In this month's Buy Now, Pay Later Tracker, PYMNTS examines how a growing consumer appreciation for installment-payment plans boosted their popularity during the holiday shopping season — and what this means for retailers heading into 2021.

 

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The Digital-First Consumer

Mastercard’s Jess Turner: Pandemic Aside, Consumers Call The Shots

The year 2020 was all about meeting the consumer’s digital payment needs, according to Jess Turner, Mastercard’s executive vice president of North America products and innovations. She tells Karen Webster that her team has been focused most intensely on faster payments — and in keeping the digital momentum going in 2021.

 

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Podcast: Credit Unions

Looking Ahead With Optimism As Credit Unions Tackle Digital Banking Opportunity

As the new year promises a less-restrictive world, credit unions need to close the gaps between themselves and the big banks in terms of digital service, Todd Clark, CEO of CO-OP Financial Services, tells Karen Webster. But Clark said he’s entering 2021 feeling very optimistic.

 

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Business Banking 

Contextual Banking Awaits Its Star Turn

The very technical concept of embedding services into ERP systems has a very simple output — banks make more money. Lisa Shields, CEO of FISPAN, tells Karen Webster that the shift toward contextual banking is in its early days … but has momentum behind it. 

 

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Virtual Cards 

Virtual Cards and Straight-Through Processing Set To Level B2B Playing Field

They’re not new to the scene, but the new attention given to virtual cards and STP can address the delicate balance between buyers and suppliers. Nick Reid, Conferma Pay’s director of B2B partner development, tells PYMNTS that suppliers are recognizing the importance of commercial cards to buyers — and they want to accommodate buyers’ payment preferences wherever possible. 

 

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End of Year eBook

What 36 Payments Executives Wish For The World In 2021

After a year that no one could have ever predicted nor ever imagined we could survive, we wondered what the C-suite at some of most innovative companies in payments and the connected economy might wish for in the new year to come. So we asked 36 of them. Their answers are hopeful, unpredictable, inspiring and decidedly digital-first.

 

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