The big processor Worldline S.A. is working with Visa Inc. to launch a virtual business-to-business card-issuing facility for online travel agencies. The deal marks the first foray for Paris-based Worldline beyond payment processing. The partnership will integrate Worldline’s Merchant Services Acceptance capabilities with its Financial Services Card issuing platform to …
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Eye on Travel: AmEx’s New Virtual Card Integration for Small-Business Travel and Expenses; IHG Hotels Endorses Grazzy for Digital Tipping
American Express Co. unveiled on Monday a new virtual card integration with AmEx Global Business Travel’s Neo1 platform for travel and spending management. And digital-tipping software developer Grazzy Inc. said IHG Hotels and Resorts has named it as an approved partner for providing tips to hotel employees electronically. The AmEx …
Read More »Visa’s Virtual Card Play; No Cooling off for BNPL; Picklejar’s Contest Tools
Visa Adds Virtual Card Capabilities for Commercial Card Users
Just as Visa Inc. is expanding its Commercial Pay service to the Latin American and Caribbean region, it is making virtual card issuance for its commercial card clients a reality. Visa says Commercial Pay clients, which have access to a host of B2B payment services, now can add virtual corporate …
Read More »Eye on Wallets: BMO’s Virtual Card Move; Startup Tezro Deploys a Wallet
Digital wallets continue to find a foothold in payments. The latest entry is BMO Commercial Bank’s debut of Extend, a virtual card service for its app. And startup Tezro launched a digital wallet aimed at integrating banking, payments, and shopping through messaging apps consumers already use. BMO Commercial Bank, a …
Read More »RTP Hits a Milestone; Amazon One’s Big Expansion; Mastercard And Virtual Cards
Mastercard And Virtual Cards And Other Digital Transactions News briefs from 7/24/23
Mastercard Inc. launched Mastercard Receivables Manager, aimed at streamlining the process businesses use to accept and process transactions on virtual cards. The 20-year-old billing platform eLabs announced it has rebranded itself as Vizibill. The Bitcoin ATM network Bitcoin Depot Inc. reported it expects second-quarter revenue to total between $196 million and $198 million, up …
Read More »A Virtual Card Tsunami Looms; U.S. Accounts for 46% of Ransomware Attacks; Volante’s ACH Tech in Colombia
Get Set for a Virtual Card Tsunami, Juniper Research Says
Virtual payment cards have been around for more than a decade, but now they appear to be poised for big growth with the rise of e-commerce and the wide availability of digital wallets. Indeed, the volume of transactions arising from these cards will balloon from 28 billion worldwide this year …
Read More »How Virtual Cards Are Powering New Business Models
The technology of credit cards has undergone a revolution since the days of magnetic stripes. The credit card has come a long way since Forrest and Dorothea Parry invented it in 1960. Forrest was an IBM engineer working on barcode systems and optical character readers when he came up with …
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