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.

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Innovation Payments cryptocurrency blockchain 323

PYMNTS

DECEMBER 30, 2019

The middle market can be an ideal corporate customer for a financial institution (FI). Unlike a small business, the middle market typically holds a lower-risk profile with steady profits and strong growth. But you shouldn’t shove [the middle market] into small business or commercial — you should have a third segment.”.

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Cards Marketing Tools Management 132

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.

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Cards Payments cryptocurrency blockchain 188

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.

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Cards Payments Tools Innovation 150

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.

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Cards Payments Taxes Study 188

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

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Cards Payments Security Fraud 141

PYMNTS

NOVEMBER 5, 2020

The November CFO’s Guide To Digitizing B2B Payments report examines how companies are modernizing their AP and accounts receivable (AR) processes for smoother procurement experiences. Around The B2B Payments World. How Virtual Cards Help Build Better Construction Pr ocurement. percent from 2020 to 2027. Read more in the report.

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Cards Payments Groups Tools 160

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card.

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System Operations Fintech Taxes 258

PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.

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Cards Conference Groups Report 285

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. market, including Tide and Soldo. Citi Targets Customer Service.

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Cards Payments Analytics Data 134

PYMNTS

SEPTEMBER 7, 2020

For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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Cards Tools Capital Payments 246

PYMNTS

DECEMBER 9, 2020

Payment solution provider Plastiq has teamed with accounts payable (AP) automation company Tipalti to let companies pay vendors with their business credit cards even if their vendors don’t accept credit cards, according to a Wednesday (Dec. 9) announcement.

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Cards Payments US Tools 141

PYMNTS

SEPTEMBER 11, 2019

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. The company has partnered with UnionPay to provide virtual and physical cards that will be accepted at point-of-sale terminals in China. “At

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Cards Payments Illinois National 147

PYMNTS

JUNE 15, 2020

The United Kingdom-based mobile commerce company recently completed the installation of the new payment option on SoftBank phones, so that customers can make purchases without having to whip out a credit card or punch in a credit card number, Bango noted in its press release. a subsidiary of SoftBank Corp.

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Mobile Marketing Payments Cards 150

PYMNTS

JULY 19, 2019

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release. . Jollypay is the payment arm of Jollychic, a shopping platform.

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Operations ATM System Cards 139

PYMNTS

JANUARY 8, 2020

The post did not say when Amex would start operations in the country. In November of 2018, Amex got approval to clear card payments by the PBOC , making it the first company of its kind to get access to what will become the largest card network this year. Lianlian counts PayPal and Apple among its strategic partners.

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Operations social media Cards Apple 134

PYMNTS

DECEMBER 22, 2020

Technologies and payment solutions are finding the opportunity to multitask with solutions that, while initially focused on the corporate buyer, have now expanded to tackle friction for the supplier as well. As it turns out, the technology can also ease friction for suppliers' AR operations, too.

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Cards Tools Payments Technology 199

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

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Course Cards Capital Payments 202

PYMNTS

MAY 29, 2019

Gig, eCommerce and public utility firms are putting the spotlight on payment innovations to remain competitive in markets that are becoming increasingly saturated. In contactless payments news, only a small fraction of payments in the United States avoid the swipe or chip card reader.

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Innovation Marketing Payments United States 139

PYMNTS

SEPTEMBER 22, 2020

To allow companies to supervise their finances while keeping them safe from payment failures, Mesh Payments has rolled out a cardless payment offering for companies that simplifies recurring and one-time payments. 22) announcement.

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Payments Cards Software Operations 184

PYMNTS

AUGUST 21, 2019

International B2B payments are in the crosshairs of many a firm eager to seize the opportunity to move the trillions of dollars that cross borders away from checks. But on an international stage, cross-border corporate payments can present challenges, especially when it comes to getting suppliers to adapt to digital payments.

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Cards Payments United States America 146

PYMNTS

SEPTEMBER 23, 2020

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms.

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Cards Google Regulation cryptocurrency 214

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.

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Cards Fintech California Fraud 213

PYMNTS

APRIL 13, 2020

Payments FinTech WEX is introducing a new corporate payment solutions team as it moves to reorganize its business, the company said in a statement on Monday (April 13). He will focus on developing cloud-based solutions for corporate payments across sectors including travel and healthcare. He also previously worked at U.S.

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Payments Portland Strategy Innovation 239

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance.

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Cards Capital Innovation Payments 132

PYMNTS

SEPTEMBER 15, 2020

Although they are vastly different beasts, shifts in the consumer payments ecosystem have significantly impacted the flow of B2B payments. This is a great risk because if you don’t have the proper banking tools to get your funds to maintain your business operations, it can be very dangerous for business.”.

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Payments Risk Management Management Compliance 299

PYMNTS

APRIL 23, 2019

Tick down the list of offerings spanning decades (the Mac, the iPhone, the iPod, iTunes, the iOS operating system/ecosystem), and one can find that the ways we communicate, listen, stream and, indeed, interact with technology have all shifted. That seismic change may not be felt in payments.

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Apple Cards Payments Course 200

CB Insights

MARCH 27, 2023

What are cross-border payments for SMBs? Cross-border payments for small and medium-sized businesses (SMBs) include companies that enable SMBs to accept payments and send funds to other businesses internationally. Some companies build products like multi-currency debit cards and other online payment capabilities.

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Trends Report Marketing Payments 60

PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. WEX Reorganizes Corporate Payments Team.

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Cards Analytics Payments Management 156

PYMNTS

JULY 20, 2020

The payments program from messenger service WhatsApp will be allowed to go forward in Brazil, the country’s central bank said, so long as all rules are respected, Reuters reported. It has 120 million users, making it the second-largest market for the messenger app after India. WhatsApp is extremely popular in Brazil.

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Payments Regulation Cards Operations 244

PYMNTS

OCTOBER 5, 2020

The great digital shift is upending B2B payments , pushing them away from the age-old reliance paper checks toward digital options. The walls are coming down between accounts receivables and payables between buyers and suppliers in a $120 trillion global commercials payments market. The Rise Of Virtual Cards .

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Payments Cards Mobile Marketing 343

PYMNTS

OCTOBER 1, 2020

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in a tactile environment, with cash, and where banking conduits are limited. Those benefits can extend to users in the form of cost savings tied to payments and processing, or speedier processing times.

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Payments Colorado Marketing Cards 271

PYMNTS

OCTOBER 9, 2019

Commercial payments company WEX has announced a collaboration with Mastercard that will allow the firm to issue virtual cards in the Middle East. 8) that it will be able to issue virtual Mastercard cards in the United Arab Emirates following approval from the Central Bank of the UAE to operate in the market.

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Cards Resources Payments Marketing 170

American Banker

FEBRUARY 5, 2024

Taking aim at a market dominated by decades-old private-network fuel card players, the San Francisco-based firm AtoB is teaming with Mastercard to launch an open-loop payments platform for trucking firms and fleet operators.

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San Francisco Cards Industry Operations 60

PYMNTS

MARCH 27, 2020

In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago. The publication pointed to commentary from angel investor and entrepreneur Jason Calacanis, who predicted “that 50-80 percent of the venture-backed startups currently operating will shut down or go on life-support.”

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Cards Fintech Capital California 181

PYMNTS

MAY 31, 2017

Card processor TSYS is looking to heighten the security of mobile corporate payments. The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S.

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Mobile Cards Payments Samsung 113

PYMNTS

JANUARY 24, 2020

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

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Cards United States Payments Innovation 130