News

September, 2021

• 23 September

  Eye On Open Banking: Plaid Supports New Payments Services for Nuvei And Circle

  

  The rapidly expanding utility of open banking for instant funding came into sharp relief early Thursday with announcements from payments processors Nuvei Corp. and Circle Internet Financial Corp. Montreal-based Nuvei, which has been cultivating its stake in the U.S. gaming market, said consumers can now move money instantly from their …
• 23 September

  Repay Teams with Veem for Cross-Border Payments and other Digital Transactions News briefs from 9/23/21

  

  Payments-technology provider Repay Holdings Corp. has agreed to partner with business-to-business funds-transfer fintech Veem Inc. to increase cross-border payment options. At the same time, Veem will deploy Repay’s business-to-business virtual card and acquiring platform.InsurCard, a payment processor specializing in health care, launched a Mastercard debit card for persons who have received a …
• 22 September

  Stripe Adds a Revenue Recognition Tool for Merchants That Book Sales Over Time

  

  Online payments powerhouse Stripe Inc. Tuesday introduced Stripe Revenue Recognition, an application intended to automate the mapping of money to a balance sheet.  The development of Revenue Recognition was spurred by the accounting needs of merchants and businesses that are paid upfront for goods and services to be delivered in …
• 22 September

  Eye on BNPL: Affirm Combines Repayment Options And SeaWorld Offers Uplift Installments

  

  As the buy now, pay later payment option continues to permeate commerce, Affirm Inc. fine tunes its repayment options and Uplift hooks SeaWorld as a client. San Francisco-based Affirm says its new Adaptive Checkout gives consumers the option to pay in biweekly or monthly installments. The service will dynamically present a …
• 22 September

  Chevron Picks P97 for App Updates and other Digital Transactions News briefs from 9/22/21

  

  Chevron Products Co. said it is working with mobile-payments technology provider P97 Networks Inc. to enhance the company’s mobile apps for both Chevron and Texaco customers.Mercator Advisory Group’s “18th Annual U.S. Closed-Loop Prepaid Cards Market Forecast 2020-2025” found that closed-loop prepaid card loads dropped 14% because of the pandemic, but are expected …
• 21 September

  PayPal Launches Its ‘Super App’ With a Raft of Shopping, Payments, And Banking Features

  

  PayPal Holdings Inc. on Tuesday launched a new version of its mobile app with a panoply of new shopping and financial features aimed at broadening the product’s appeal with consumers who are increasingly turning to online commerce. The big refresh, the first PayPal has executed on its digital wallet for …
• 21 September

  Despite Booming E-Commerce Sales, Grocers Struggle With Online Profitability

  

  Since the pandemic hit, e-commerce has been a boon for many merchants. Still there’s one merchant segment that has not fared so well with online sales: grocers. They’re finding the channel not particularly profitable, according to reports. Despite the number of online grocery shoppers increasing five-fold in 2020 compared to …
• 21 September

  FNBO Launches BNPL Service and other Digital Transactions News briefs from 9/21/21

  

  The First National Bank of Omaha launched a buy now, pay later service that enables merchants to offer installment payments to consumers. FNBO tapped EXL, an operations management and analytics company, and Skeps, a point-of-sale loan originations platform, to help develop the service. The BNPL service can be integrated into e-commerce Web …
• 20 September

  Check Partners With Procare To Provide Digital Payroll Services To Child Care Centers

  

  Responding to child-care administrators’ need for improved payroll services, payroll-as-a-service startup Check Technologies Inc. has partnered with Procare Software LLC to provide digital-payroll services to Procare’s child-care center business-management platform. The deal comes at a time when strained resources during the ongoing Covid-19 pandemic have accelerated child-care centers’ need for …
• 20 September

  One Inc. Begins to Speed Insurance-Claims Payouts for Amerisure

  

  Faster-payments providers have long identified insurance-claims payouts as a ripe market, and the business took big step in that direction with the announcement early Monday that the insurance carrier Amerisure has begun implementing ClaimsPay, a digital-payments platform from the 9-year-old fintech One Inc. The four-stage implementation is expected to replace …