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.
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. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. merchants accept touch-free payments.
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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 .
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. While it’s still early days, Boost Payment Solutions Founder and CEO Dean M.
PYMNTS
DECEMBER 16, 2020
16), at the same time that it launched a first-of-its-kind payments product, CT Cash, to help truckers manage payments. 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.
PYMNTS
DECEMBER 15, 2020
Frictions like these are pushing more businesses to rethink their legacy approaches to business-to-business (B2B) payments and adopting various digital options for sending money. How Virtual Card Help Healthcare Claims Processors Manage Payments. Around The Digital AP Landscape. This could create high demand for change.
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 new integration also marks invoices as paid, automatically posts payments and archives data offsite.
Perficient
FEBRUARY 2, 2023
Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.
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
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. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. Streamlining Payments For Buyers And Suppliers Too .
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.
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 7, 2020
Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. Around The B2B Payments For The Virtual Workforce World. RLJ Financial On Managing B2B Spend With Virtual Cards. Forty-five percent of all employed persons in the U.S.
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 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. The combined entity will be called the Wholesale Payments unit.
PYMNTS
AUGUST 11, 2020
Convoy , which works in digital freight, announced a new service called Convoy Factoring, which is powered by Apex Capital and touted as a cost-efficient, quick payment method for B2B needs for freight carriers, according to a press release. The rate will be for zero percent for any Convoy loads and 1 percent to 2.99
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
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
JANUARY 30, 2020
Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. They also offer more safeguards against fraud than traditional business credit cards. B2B Virtual Card Purchasing On The Rise. PYMNTS reported that 46.4
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.
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.
PYMNTS
SEPTEMBER 5, 2019
Commercial and consumer cards issued in the U.S. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 Consumer card spending was $4.74 Consumer card spending was $4.74 Visa ’s commercial card was 43.2 generated $6.13
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. Visibility will be available as soon as a payment is made, as well, and users can upload receipts alongside the transactional information in the SNAP reporting program.
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. Going cashless has long been a conversation in the consumer payments world, but a report from HSBC in the U.K.
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
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.
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.
PYMNTS
MAY 7, 2020
The new DBS Logistics Purchasing Card aims to save time and help prevent the spread of coronavirus for logistics companies with a cashless, contactless interface , according to a press release on Thursday (May 7). In line with the card, DBS also recently debuted a way for clients to use virtual methods to set up business accounts.
PYMNTS
OCTOBER 30, 2020
It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 billion of these payments in 2018 alone for a total of $97.04 Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. Digital payments are fraught with obstacles, however.
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.
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. Boost Highlights The Data Opportunity.
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
JANUARY 8, 2021
Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A So Much More Than Payments.
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
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
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.
PYMNTS
NOVEMBER 30, 2020
Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. Razorpay, Visa Team for SMB Corporate Cards. Yoba Smart Money, Nets Partner on SMB Payments.
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.
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.
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.
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
DECEMBER 3, 2020
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2B Payments. Velo Labs, Lightnet, Visa Collab On Blockchain SMB Payments.
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