Marqeta shuts down Australia operations
Payments Dive
MAY 30, 2023
The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.
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Payments Dive
MAY 30, 2023
The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.
Bank Innovation
DECEMBER 15, 2017
Here comes the world’s first virtual transit card in Android Pay, well at least according to Google and Portland’s public transport operator TriMet, who teamed up to unveil the Hop Fastpass.
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PYMNTS
AUGUST 13, 2019
India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. The pilot is to see how the system would work.
PYMNTS
AUGUST 21, 2020
As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. In addition, he noted that the sale of some of the company’s operations in Britain and North America could be announced soon. billion euros ($2.1
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.
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.
PYMNTS
DECEMBER 10, 2020
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. . Reshaping Business Payments . Much of the U.S.
PYMNTS
DECEMBER 7, 2020
Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. RLJ Financial On Managing B2B Spend With Virtual Cards. The benefits of using digital B2B payments solutions extend far beyond their ability to support a decentralized workforce.
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.
PYMNTS
SEPTEMBER 15, 2020
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. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.
PYMNTS
DECEMBER 15, 2020
Barclaycard is launching a new program, Barclaycard Precisionpay Go, to let companies issue virtual cards for employees' online purchases, according to a press release. And, the virtual cards will be able to be issued seconds after being requested.
Bank Innovation
JANUARY 8, 2020
While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Gas station operators who fail to […].
PYMNTS
JANUARY 20, 2021
Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. However, he added, the tax implications should not exceed the cost and purpose of the present. “We
PYMNTS
JANUARY 30, 2020
These operations are quantifiably more efficient: A recent study found that customers typically spend nine minutes to acquire a check from a bank teller, but only 40 seconds to complete the same task with a self-service kiosk. “We The instant-issue functionality also comes in handy for lost debit cards. personal and business banking.
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
APRIL 9, 2020
From coordinating a team of newly remote workers to assessing new business models, the coronavirus pandemic is drastically disrupting the way organizations run and it is forcing a complete rethink of almost every aspect of operations — payments included. A Surge In Commercial Card Interest.
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.
PYMNTS
DECEMBER 16, 2020
The CloudTrucks app helps truck owners and operators manage their businesses by optimizing their driving schedules for better pay rates, maximizing cash flow and reducing operating costs. CT Cash is a free instant pay and cash card product developed in collaboration with Visa. CloudTrucks made the announcement on Wednesday (Dec.
Payments Dive
FEBRUARY 27, 2018
The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments.
PYMNTS
OCTOBER 14, 2020
Spend management was the focus of innovation in the commercial card space this week thanks to partnerships and investments in firms aiming to help companies keep track of expenses. The platform brings together virtual and physical cards for staffers, spend approvals, bill management and expenditure reimbursements.
PYMNTS
JULY 2, 2020
Corporates of all sizes and verticals are taking an introspective look at internal operations to pinpoint areas of opportunity for working capital optimization. “On the buyer side, utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument.” Optimizing Card Spend.
PYMNTS
JANUARY 18, 2019
JPMorgan Chase is planning the consolidation its corporate payment operations by combining small business (SMB) and large enterprise solutions, the Financial Times ( FT ) reported on Thursday (Jan. and internationally,” said Co-President and Chief Operating Officer Daniel Pinto in the memo.
PYMNTS
FEBRUARY 23, 2020
Revolution Payments is streamlining the process of commercial cards and interchange fees with its new NetSuite Level III Credit Card Processing Solution, the company announced on Friday (Feb. The NetSuite card processing solution simplifies payments and reduces the interchange cost of accepting commercial cards by up to 43 percent.
PYMNTS
JUNE 25, 2020
In an email, Uber CEO Dara Khosrowshahi said the company isn’t prioritizing several finance-related projects, such as credit cards, a digital wallet and instant payments for drivers. The program also aimed to integrate Uber’s gift cards and value deals.
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. . In other UAE-related news, the First Abu Dhabi Bank recently rolled out a payroll card solution for the market via its Mercury payment operator unit.
PYMNTS
DECEMBER 15, 2020
The Digital Shift Report examines the various ways that businesses are updating and automating their transaction methods as they cope with the challenges of operating during a global crisis. How Virtual Card Help Healthcare Claims Processors Manage Payments. Around The Digital AP Landscape. This could create high demand for change.
PYMNTS
DECEMBER 16, 2020
EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release. Suppliers will have improved cash flows.
PYMNTS
DECEMBER 16, 2020
Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.
PYMNTS
DECEMBER 22, 2020
This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. As it turns out, the technology can also ease friction for suppliers' AR operations, too.
PYMNTS
APRIL 2, 2020
The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.
PYMNTS
AUGUST 20, 2019
Swiss Bank UBS has announced that it has hired a new CEO of European Union operations, according to a report by Reuters. . arm of the company recently rolled out a new suite of commercial card products for its small to medium-sized business (SMB) customers. The bank appointed Christine Novakovic to the position.
PYMNTS
NOVEMBER 1, 2020
Nikita Melnikovs , member of the board at card payments technology company DECTA , said the rampant shift into digital commerce has led to some companies making mistakes like spending too much money on website development.
PYMNTS
JANUARY 8, 2021
To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. As far as fees are concerned, she explained that existing competition from other providers, card networks and same-day ACH will likely keep fees in line. “To RTP Outlook.
PYMNTS
SEPTEMBER 22, 2020
For small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren't in the cards. With the pandemic accelerating businesses' digital shift , small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution.
PYMNTS
DECEMBER 9, 2019
has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. Paysend was started two years ago, and it offers a card-to-card global money transfer service. Paysend , a FinTech out of the U.K., It will be available to Canadian customers early next year.
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
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.
Accenture
AUGUST 5, 2015
Every executive can see the extent to which digital is changing the card business. A convergence of new customer behaviors, technologies, competitors and regulations will require issuers, acquirers and processors to review their overall card strategy to align the customer. Read more.
TheGuardian
MARCH 5, 2022
Transactions to be cut off after Ukrainian president Volodymyr Zelenskiy urged companies to take action • Mastercard and Visa block in Russia does not stop domestic purchases • Russia-Ukraine war: live updates Visa and Mastercard have announced tonight they will be suspending operations in Russia over the invasion of Ukraine.
PYMNTS
JULY 2, 2020
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.
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. To provide commercial card issuers, cardholders and vendors with further automation and flexibility, Boost Payment Solutions is teaming with Visa. merchants accept touch-free payments.
PYMNTS
JANUARY 19, 2021
For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Traditionally, the benefits of card and check payments have resided on the buyer side of the equation at the expense of suppliers. The buyer uses a unique virtual card that is generated upon purchase approval.
PYMNTS
FEBRUARY 6, 2020
Truckers were left with unfilled gas tanks nationwide after an outage to WEX commercial fleet fuel cards, reports indicated on Thursday (Feb. The WEX cards affected include TCH, T-Check, Fleet One and EFS. The EFS card is one of the most widely used fuel card providers for truckers in the U.S.
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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