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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208
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Boost Teams With BMO Harris Bank To Deliver B2B Payment Solutions

PYMNTS

Boost Payment Solutions , a global provider of B2B payment technologies, announced a strategic collaboration with BMO Harris Bank on Thursday (June 25). The New York-based financial technology company has teamed with BMO Harris Bank to deliver integrated, automated processing for its corporate card customers.

Payments 130
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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. the New York-based settlement platform.

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Could machine learning replace the credit score?

Payments Source

Petal has received a $13 million funding round from Valar Ventures, a New York-based venture capital fund that specializes in financial technology, to use artificial intelligence to fill holes in legacy risk vetting.

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Financial Software Firm OpenFin Raises $17M

PYMNTS

The company is headquartered in London and New York. In other recent funding news in the financial technology space, Barclays invested $12.9 The firm enables customers to store as well as view their loyalty cards on a phone and connects payment cards for rewards and points.

Software 134
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Bitcoin Daily: Chinese Blockchain Co. Invests In Cannabis; Canada, Singapore See Positive Results In Cross-Border DLT Tests

PYMNTS

Only through continued collaboration and fundamental research will it be possible for this technology to mature and for policy-makers to fully understand its potential,” Scott Hendry, Bank of Canada senior special director of financial technology, said in a press release about Jasper-Ubin project3.

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The Finanser’s Week: 6th March – 12th March 2017

Chris Skinner

Their third-party payments processor had an outage at the weekend so the cards couldn’t be used. Seven years ago, the first new retail bank in almost a century got its licence to open: Metro Bank. Now, there are so many new banks starting up in Britain (and across Europe) that it’s sometimes hard to keep up with it all.

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