article thumbnail

Virtual, Mobile Payments Battle To Infiltrate Corporate America

PYMNTS

Corporate America seems to have let itself get out of hand in the omnichannel commerce and procurement space. The virtual card FinTech company commissioned a study this month to explore how companies are managing their expense policies and procedures. The Struggle To Change. Today, he looks at it from a different understanding.

America 100
article thumbnail

Aussie FinTech Douugh Introduces ‘Savings Jar’ With Mastercard Debit

PYMNTS

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. There is a waiting list in the U.S. million-plus millennials in the country. .

Fintech 148
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoFi’s Trading Volume Surges, User Base Nearly Triples

PYMNTS

The news comes as Samsung Electronics America, Inc. The virtual card will instantaneously show up in Samsung Pay at the time of approval. In April, SoFi said it had come to a definitive arrangement to purchase Galileo Financial Technologies.

Samsung 162
article thumbnail

Rakuten files third application for FDIC insurance

CFPB Monitor

based bank, Rakuten Bank America. Per the Utah Department of Financial Institutions website, Rakuten Bank America’s application for a Utah ILC charter was received on July 26, 2019 and remains pending. . Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020.

FDIC 78
article thumbnail

Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

PYMNTS

From shifting use of various payment rails like ACH and cards, to deployment of FinTech technologies, to changing supplier payment habits, the report offers a glimpse at the current state of B2B payments – and where the industry may be headed. But how businesses reshape their payment practices varies. Globalization.

Fintech 150
article thumbnail

Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

the Brazil-based firm is on a path to becoming the most valuable startup in Latin America. The goal is to become one of the most valuable financial technology startups in the world as it eyes a region-wide expansion and seeks a valuation between $8 billion and $10 billion, according to reports in Recode.

article thumbnail

How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Moving Beyond ACH . Waterhouse noted that FinTechs act as collaborators. “In

Payments 313