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Another Step Made for a U.S. CBDC; FNBO Debuts Virtual Card Program; Pet Supplies Plus Picks Adyen
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Apple’s Virtual Card Switch Impact; Mastercard, Microsoft Battle E-Commerce Fraud; Bonifi Picks Finicity
The Price of More E-Commerce Is False Declines; Virtual Card Debuts for Marketplace Sellers; Plus Weekly Recap
Paycast, Marqeta, And Mastercard Launch a Virtual Card for Marketplace Sellers
Paycast Inc., a payments provider for online merchants, e-commerce platforms, and marketplaces, is partnering with Marqeta Inc. and Mastercard Inc. to launch a digital card product for marketplace sellers. The card will enable marketplace sellers to have immediate access to funds from the proceeds of a sale once the transaction …
Read More »AmEx Expands Virtual Card Offerings and other Digital Transactions News briefs from 9/24/21
American Express Co. said it is working with Extend, a virtual card specialist, to expand its virtual card options for U.S. businesses.Gift card provider Factor4 LLC said it is work with SavorConnect, a cloud-based integration platform, to make its gift cards that can used online, in stores, and with mobile devices available on …
Read More »New Specs Coming from Standards Bodies; Virtual Cards and SMBs; Nxt-ID Delays Spinoff
COMMENTARY: How Virtual Card Acceptance Drives Innovation in Small-Business Payments
In 2018, the acceptance of virtual cards, also known as v-cards, by small-to-midsize businesses (SMBs) increased significantly as suppliers embraced the improved security and convenience of this digital payment method over paper checks. Still, making the leap to fully automated payments remained a challenge for most within this market segment. …
Read More »NACHA’s Faster Payments Comments; The Rise of Virtual Cards; OnDeck Canada Debuts
With a Strong Mobile Lift, Virtual Cards Are Close to Dominating B2B Card Payments
In a vast and rapidly growing commercial card market, virtual cards are grabbing dollar-volume share and are poised to dominate business-to-business card payments, according to research from Accenture Payments. Corporate cards, purchasing cards, and virtual cards will account for $523 billion in U.S. commercial card volume, up 10% from 2017, …
Read More »WEX To Acquire Bill-Pay and Virtual Card Specialist Noventis
Fleet-fueling and corporate-payments provider WEX Inc. reported this week that it has a deal to acquire Noventis Inc., a bill-payment network and virtual card specialist. South Portland, Maine-based WEX said in a news release that it already has a “longstanding relationship” with Noventis as a supplier of virtual cards for …
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