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A new administration spotlights cross-border payments

Payments Dive

general manager at Paysend and has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services. He founded and led AccountNow, the first online D2C prepaid debit card company in the U.S., Matt shares with us his hope for the future. Matt Montes is U.S.

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Today In Payments: US Consumers Pay Down $10B In Credit Card Debt In Q3; Amazon Takes On Pharmacies

PYMNTS

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. In today’s top news, U.S. Plus, Walmart+ gets a closer look after the retail giant’s third-quarter earnings call.

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Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

PYMNTS

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. She said 89 percent of B2B buyers are making more online purchases than last year.

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Gift Cards Poised For Big Role In Post-Pandemic Purchasing

PYMNTS

I don’t foresee us reverting to the way it used to be even after the pandemic is over and we are able to walk around without masks on.”. Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option.

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Commercial Card Innovation Puts SMBs In The Spotlight

PYMNTS

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. American Express rolled out co-branded cards with Amazon for British SMBs.

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Why Sysco Turned The Page On Manual Expense Management

PYMNTS

Manual expense management tools had their time in the spotlight, largely because they were the only options available for employee reimbursements and cash flows. Today’s corporations are happy to bid goodbye to these time-consuming, paper-based processes and turn to online, automated expense tracking products for their spend management needs.

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Restaurants Can Manage Orders Through Clover

PYMNTS

Global payments provider Fiserv has introduced a simple way to manage and fulfill online orders that promises to boost business, the Wisconsin-based company said in an announcement Monday (May 11). Within hours of setting up Clover Online Ordering, she said, customers were placing orders on the shop’s website or through the Clover app.