Electronic Bill Payment

The messaging app Clickatell added updates to its Chat Commerce Platform, including a new integration of Chat 2 Pay, which allows travel brands to accept payments as part of business messages. The card-issuing platform Marqeta Inc. announced it has integrated Mastercard Track Instant Pay, which enables immediate payment of supplier invoices. The virtual-card platform Extend announced …

Buy now, pay later provider Splitit Inc. said data from the Black Friday and Cyber Monday shopping events found that the top spending categories on its platform were electronics, fine jewelry, fitness and outdoors, home furnishings, and health and beauty, based on merchant sales volume. Consumers have hidden bill pay costs of …

Varo Bank early Tuesday announced it has become the first digital neobank to be admitted to the Zelle peer-to-peer payments network. The bank, a unit of the 7-year-old, San Francisco-based Varo Money Inc., said it will now offer payments via Zelle through its mobile app. “Adding Zelle to our product …

The payments processor Paya Holdings Inc. on Monday announced UtilityConnect, an initiative aimed at deepening the Atlanta-based company’s involvement in processing for governments, municipal entities, and private utilities. The new portal, which features a redesigned user interface, features new services aimed at easing citizen payments to local governments, including settings …

With data sharing via open-banking arrangements becoming increasingly vital in the payments business, the Consumer Financial Protection Bureau on Thursday released an outline of a “data-rights rule” it is preparing that would govern how consumers’ financial information is shared among players such as banks and payments companies. The proposed rule …

While the payments business moves toward real-time transfers, faster payments on the nation’s automated clearing house network continue their dramatic rise following a 10-fold increase in the transaction dollar limit earlier this year. Transactions cleared the same day they’re initiated totaled 176.6 million in the quarter ended Sept. 30, up …

BNY Mellon announced early Monday it has launched a payments platform called Vaia, which allows clients to offer real-time payments, same-day automated clearing house transfers, tokenized payments, debit cards, and payments through the Zelle peer-to-peer payments network. The nation’s 10th-largest bank by assets said the panoply of payments capabilities can …

Despite economic headwinds from supply-chain bottlenecks and geopolitical instability, the payments industry continues to show resilient revenue growth, says a new report from the Boston Consulting Group. Global payments revenues are projected to grow about 9.5% in 2022, according to the report. Beyond this year, revenues are projected to grow …

Payments-technology provide Bottomline announced it has acquired Nexus Systems, a vendor of payments-automation software the real-estate and property-management sector. Terms were not disclosed.Payments provider Stax launched Stax Bill, a service that provides automated billing software. It had been known as Fusebill, a company that Stax acquired in 2021.Loyalty network Engage People said it partnered with FreedomPay to …

Technology startup BankiFi, which seeks to enable payments and banking functions for small businesses, announced it has received a $4.8 million investment to fund its expansion into North America. Praetura Ventures led the funding round.Focused Labs, a developer of custom payments software, said it has joined the Stripe Partner Ecosystem. Stripe Inc.’s …