ICBA Bancard, the payment services subsidiary of the Independent Community Bankers of America, said it now offers real-time payments via Finzly, a fintech, and its connection to The Clearing House Payments Co. LLC’s Real Time Payments network.Mastercard Inc. and Major League Baseball announced a multiyear extension of their sponsorship deal. Mastercard …
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Eye On Payments for Professions: New Initiatives From DepositLink, LawPay, And Repay
With the Covid-19 pandemic accelerating the adoption of digital payments, it was only a matter of time before payments providers began pushing the technology beyond mainstream merchants, such as retailers and restaurants, and down to professions with specialized needs, such as realtors, attorneys, and healthcare providers. DepositLink Inc., a Boston-based …
Read More »An App Emerges for Fast Payments to a Fast-Growing Base of Freelance Workers
As the gig economy grows, startups are emerging to meet an expanding market for payment. An especially ambitious example is Willa Inc., which on Wednesday announced an $18-million Series A funding round led by FinTech Collective and including sums from existing investors EQT Ventures and Entrée Capital. The Ventura, Calif.-based …
Read More »Fintechs Take Aim at B2B Payments
Financial-technology service providers are out to disrupt business-to-business payments. But rather than displacing banks, fintechs are looking to make them their partners. From virtual cards to digital invoices with embedded payment links, financial-services technology providers are aggressively targeting business-to-business payments. Fintechs are pushing into the B2B space—which has long been …
Read More »Paysafe Continues Its Push Into Online Gaming Via an Expanded Deal With FOX Bet
Paysafe Group Holdings Ltd. continued its push Tuesday into making processing online gambling transactions a larger part of its business by expanding a partnership with FOX Bet, a U.S. online and mobile sports-betting platform operated by Flutter Entertainment plc. Under the terms of the deal, which follows a deal earlier this …
Read More »Small Bank, Big Influence: North American Banking Co. Joins Nacha’s Ranks of Direct Members
Every so often, evidence emerges that size is not necessarily linked to influence. Nacha, the governing body for the nation’s automated clearing house network, on Tuesday announced that North American Banking Co. has joined the ranks of direct members of the association. Direct members constitute a group of more than …
Read More »Afterpay’s Rewards Program Grows and other Digital Transactions News briefs from 6/29/21
Buy now, pay later specialist Afterpay Ltd. expanded its points-based Pulse Rewards program to all users. The company claims 17 million users in North America.Rival BNPL specialist Klarna AB announced it will offer financing to client merchants through business-finance platform Liberis Ltd.Rectangle Health, a payments provider specializing in doctors’ offices, is working with DoctorLogic …
Read More »Eye on Equities: A Post-SPAC Payoneer Starts Trading; Cantaloupe Hits the Russell 2000
Having completed its merger with a special purpose acquisition company, Payoneer Global Inc.’s common stock and warrants began trading Monday on the Nasdaq under the symbols PAYO and PAYOW, respectively. The shares were trading at $10.82 at mid-morning, slightly up from their opening price. “We are just scratching the surface …
Read More »Digital Channels Remain Popular for Bill Pay As Covid Fades, an ACI Study Finds
Consumers’ use of digital channels to pay bills continues to rise even as the Covid-19 pandemic begins to ease, according to a study by ACI Worldwide Inc. In looking at how consumers’ use of digital channels, such as Web sites and mobile apps, has grown during the first half of …
Read More »Through an Expanded Walmart MoneyCard, Green Dot Sharpens Its Focus on Banking Services
Green Dot Corp. has been steadily building its product roster in financial services for the underbanked, with the latest development emerging this week in the form of an expanded focus for the 15-year-old Walmart MoneyCard. The prepaid card, issued by Green Dot Bank and branded by Mastercard or Visa, can …
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