Global Payments leans into fintechs
Payments Dive
NOVEMBER 3, 2022
As it pursues more fintech clients, the payments processor sees B2B and commercial cards as areas ripe for expansion.
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Payments Dive
NOVEMBER 3, 2022
As it pursues more fintech clients, the payments processor sees B2B and commercial cards as areas ripe for expansion.
Payments Dive
MARCH 14, 2022
In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation. He noted new fintech tools could ultimately be a benefit if they add competition.
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PYMNTS
NOVEMBER 12, 2020
Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.
PYMNTS
JANUARY 18, 2021
Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.
PYMNTS
SEPTEMBER 2, 2020
Checkbook has joined Visa 's FinTech Fast Track program and launched Virtual Cards , a program that will expand the reach of real-time payments, according to a press release. Virtual Cards were created by Checkbook to reduce the fear of losing a wallet or being a target of credit fraud, according to the release.
PYMNTS
OCTOBER 6, 2020
New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. merchants accept touch-free payments.
Bank Innovation
JANUARY 29, 2020
s new initiative to team up with more startups on credit cards is starting to pay off. The company has been starting card programs for fintechs including Brex Inc., Mastercard Inc.’s Revolut Technologies Inc. and TransferWise Inc., and has unveiled programs designed to make it easier for startups to join Mastercard’s network.
PYMNTS
DECEMBER 2, 2020
On the path to payments innovation, collaboration is key. Mastercard Mobilizes The Virtual Commercial Card. This week, Mastercard unveiled its newest commercial payments technology offering: a virtual card product that is supported by mobile wallets. Razorpay Links With Visa For Small Business Card Solutions.
Perficient
JULY 11, 2022
Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. which is a huge draw to using BNPL as a non-cash payment method. What Are Some Buy Now, Pay Later Companies? Which one is best for me?
PYMNTS
NOVEMBER 22, 2020
Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. The corporate card is going through a change this year, like many other parts of the business world.
PYMNTS
AUGUST 6, 2020
As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. ’s Faster Payments real-time payments system.
PYMNTS
OCTOBER 7, 2020
In today’s top payments news around the world, Razer Fintech and Visa have unveiled the Razer Card prepaid card, while SafetyPay has joined forces with LATAM’s Rappi. Razer Fintech, Visa Pitch New Prepaid Card to Young Adults in Singapore. Digital Payment Firm SafetyPay Teams With LATAM's Rappi.
PYMNTS
APRIL 27, 2020
As consumers shop amid ongoing public health restrictions, they almost invariably reach for their credit cards — whether the physical varieties in their wallets or the digital versions stored on their browsers and mobile devices. More than ever, credit cards are becoming the coin of the realm in the global connected economy.
PYMNTS
MARCH 27, 2020
companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. While payments and enterprise technology providers are a key customer target for Arkose Labs , the company noted its application in other industries like eCommerce and gaming. ”
PYMNTS
DECEMBER 16, 2020
As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. Barclaycard Debuts V-Card For Expense Management.
BankInovation
AUGUST 1, 2022
The recent explosion of fintechs entering the market is evidence of a rapidly changing financial sector, offering new solutions to consumers who are looking for more convenient ways to use their money.
PYMNTS
NOVEMBER 9, 2020
This earnings season, the downturn has become apparent as several corporate payments technology players post losses. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Virtual Cards And Mobile Technology. While losses climbed from $5.7
PYMNTS
OCTOBER 6, 2020
Razer Fintech and Visa have unveiled a new prepaid card, dubbed the Razer Card, now in its test phase. Right from the start, we have been very excited about our collaboration with Visa to transform the digital payments experience globally,” said LiMeng Lee , Razer Fintech CEO, in a press release.
PYMNTS
NOVEMBER 20, 2019
Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. Such was the strategy of JPMorgan in its latest corporate card initiative. However, in this week’s Commercial Card Innovation roundup, it wasn’t the point of friction that technology firms were addressing.
PYMNTS
AUGUST 24, 2020
Trimble has announced new upgrades for its TMT Service Center and TMT Fleet Maintenance solutions, including faster payment options and more visibility, according to a press release. The new upgrades include a credit card processing software, which will help with third-party integrations of credit card processing to allow for more options.
PYMNTS
AUGUST 6, 2020
Goodbye, corporate expense cards and hello, “Zero Card?”. 6) rolled out its new Zero Card , a touchless, pre-paid, digital corporate expense card that the California FinTech is hoping will give the traditional corporate expense card a run for its money. Paystand on Thursday (Aug.
PYMNTS
DECEMBER 9, 2020
According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows. The Outsourced FinTech Opportunity. Embracing Existing Payments Infrastructure.
PYMNTS
FEBRUARY 18, 2020
FinTech SumUp is launching its first card for business payments, in partnership with Mastercard , SumUp announced in a blog post on Tuesday (Feb. The new SumUp Card will enable merchants to quickly access money and monitor finances while making necessary business payments. The card will also help U.K.
PYMNTS
SEPTEMBER 30, 2020
In today’s top payments news around the world, American Express launched co-branded credit cards with Amazon targeting small to medium-sized businesses (SMBs) in Britain, while Volopay is teaming with Nium for a new and enhanced corporate credit card. American Express, Amazon Roll out UK Credit Card Aimed at SMBs.
PYMNTS
SEPTEMBER 20, 2020
Cape , a new Australian FinTech made up of professionals in finance, is debuting its new “recession fighting” credit card, powered by open banking and intended to allow access to new functions like buy now, pay later (BNPL), according to a report from AltFi. Common plans offer four-installment payments as ways to buy items.
PYMNTS
SEPTEMBER 29, 2020
New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.
PYMNTS
SEPTEMBER 30, 2020
The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. FinTech firm Nium has teamed with Southeast Asia neo-bank Aspire to enable a mobile payments feature with its cards. Nium Teams With Aspire, Volopay. Nium Teams With Aspire, Volopay.
PYMNTS
JANUARY 30, 2020
Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. They also offer more safeguards against fraud than traditional business credit cards. B2B Virtual Card Purchasing On The Rise. PYMNTS reported that 46.4
PYMNTS
APRIL 9, 2020
Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. Billhop Eases B2B Card Acceptance. and Sweden, it noted.
Bank Innovation
MARCH 22, 2018
UK-based fintech Revolut’s newest product is a “disposable” virtual card, a product that was designed with fraud protection in mind, the fintech announced today. The card, which sits inside Revolut’s mobile app, wipes a user’s details and resets them after every payment.
PYMNTS
OCTOBER 19, 2020
Mastercard has added new B2B payment features in the Asia Pacific, intending to bolster its services for businesses looking for diverse payments methods, a press release says. The new payment facility will help to boost cash flow management and automate payments.
PYMNTS
FEBRUARY 28, 2020
FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Big online eCommerce, gig economy or other merchants “tend to have a lot of different payment services that they use,” he told PYMNTS in an interview.
PYMNTS
SEPTEMBER 9, 2020
The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Lawmakers Eye Expanded Fleet Card Use. Fleet service cards act just like credit cards at a gas station," Rep. Lawmakers in the U.S.
PYMNTS
SEPTEMBER 7, 2020
In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.
PYMNTS
SEPTEMBER 23, 2020
That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation. Simple: Start with the cards.
PYMNTS
FEBRUARY 27, 2020
Mastercard and pan-European FinTech myPOS are teaming up to promote card payment solutions to small and medium-sized businesses (SMBs) across Europe, Mastercard announced on Thursday (Feb. The strategic partnership aims to inform more SMBs about the new tools for card acceptance that can fit their needs and budget.
PYMNTS
NOVEMBER 15, 2019
Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments.
PYMNTS
NOVEMBER 20, 2020
Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Wells Fargo Debuts Digital Supplier Payment Tool. Wells Fargo Debuts Digital Supplier Payment Tool. In Payments Services Firm Modulr.
PYMNTS
JULY 9, 2020
Accrualify , which works in cloud-based solutions for mid- and enterprise-level companies, is launching a new corporate card in partnership with Visa , according to a press release. The intent of the card is to boost options for spend control for corporate finance teams.
PYMNTS
JULY 7, 2020
This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Oxbury, ClearBank Pair for Payments. payment schemes. Faster Payments scheme.
PYMNTS
NOVEMBER 11, 2020
Visa is rolling out a new initiative aimed at connecting European financial institutions and merchants with cutting-edge digital payments services. In particular, Visa said it is teaming with 13 different FinTech “solutions” in Europe it believes are the “forefront of this technology.”.
PYMNTS
NOVEMBER 18, 2020
consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for consumers to order prescription medications. US Consumers Pay Down $10B in Credit Card Debt In Q3. Adyen Teams With Affirm to Add Installment Payment Options. Cash Out: PhonePe on India’s Mobile Payments Adoption.
PYMNTS
JUNE 24, 2020
plans to offer a Samsung Pay Card that will give customers “a simple and flexible way to control their money,” the company said in a Wednesday (June 24) press release. For the launch, Samsung is linking up with Mastercard and FinTech Curve. Samsung Electronics Co. later this year. “We and Ireland.
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