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Shopify To Launch New BNPL And Banking Tools For Merchants

PYMNTS

We found that two in five merchants are currently using their personal bank accounts and cards for business, meaning they’re combining their personal and business finances, making it difficult to measure the financial health of the business,” Shopify said.

Tools 253
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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

For example, Chime CEO Chris Britt recently said that unlike traditional banks that earn money off of fees and interest from loans, his company’s profits come mostly from card usage. On Monday (Oct. 5) NCR Corp.

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Deep Dive: How Businesses Are Preparing Their Workers, Payments Operations For A Digital B2B Future

PYMNTS

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . Virtual cards’ features can also endear them to corporate accounting departments.

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Helping Small FIs Make Banking Services As Seamless As Taking An Uber

PYMNTS

They are not always fast followers of newly introduced products and services from their larger banking brethren who operate on a national scale. To modernize payments and the user experience, Davis said it is critical to consolidate processes and data aggregation. Davis told PYMNTS.

Community 247
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Mastercard Partners With Four Retailers For Pay By Bank App

PYMNTS

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. ’s Faster Payments service to give users the option of paying for goods with their bank account.

Retail 116
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Ondot’s New Cloud Service Taps Digital Innovation For Banks

PYMNTS

Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn to the cloud. This option allows mid-sized and smaller issuers to more quickly and easily launch these services and compete with large national banks on digital customer experience.”.

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Brex Launches Vancouver Tech Hub With 40 Employees

PYMNTS

The new hub will target software engineering and user experience processes. Brex creates corporate credit cards, travel programs and rewards for a variety of industries. It has also launched a corporate credit card for startup companies. The company also has offices in Salt Lake City and New York City.