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- Ride-share provider Uber Technologies Inc. announced Uber Money, an update to its roster of financial services, mostly for its drivers. Among the products is the relaunch of the Uber credit card in a deal with Barclays. Uber Money also can provide Uber drivers real-time access to their earnings in an Uber Debit account from Green Dot Bank.
- The Clearing House Payments Co. LLC announced that 15 financial-institution clients of processor Jack Henry & Associates Inc. will use a Jack Henry payments hub to connect to TCH’s Real Time Payments network.
- Card platform Marqeta launched its Reserve Financing service, aimed at businesses looking to fund a reserve account to enable new payment card programs.
- Two-thirds of businesses globally that sell online are already selling cross-border, with these sales accounting for 31% of revenue, according to a survey by Visa Inc. But 51% of these companies need help “to optimize” their cross-border online sales, Visa says.
- Shopify Inc., provider of payments and commerce services for merchants, said it now supports more than 1 million sellers. Revenue for the third quarter grew 45% year-over-year to $390.6 million.
- PayPal Holdings Inc. launched a cash-back and payout feature for its Venmo peer-to-peer payment service. The rewards feature works with the Venmo Mastercard debit card, issued by The Bancorp Bank, and offers 5% cash back to start with at Target, Sephora, Chevron, and other merchants. Cash back is deposited into the user’s Venmo account. The payout feature lets businesses pay consumers through Venmo for rebates, rewards, and other offers.
- Testing and compliance firm UL launched SecureHorizon, a software-as-a-service payment compliance platform to help merchants and terminal vendors integrate their products with processors.
- Payments platform Bread launched Bread Edge, a service for merchants to enable easier pay-over-time options to consumers.
- Authentication-services provider Giact debuted gIdentity Persistent Montoring, a service that automates monitoring of specific personally identifiable information.
- Recurring-payments specialist GoGardless said it is working with subscription-payments firm Recurly to enable Recurly merchants to collect payments through various international bank-payment schemes.
- The Payments Risk and Fraud Consortium launched; a coalition of payments companies organized the association to better understand and combat complex financial fraud.
- Research firm Aite Group LLC released its “Best Practices to Thwart Fraud in Real-Time Payments” report.
- Payments provider Nuvei named Yuval Ziv managing director of its SafeCharge unit and head of global acquiring. Ziv had been chief commercial officer of SafeCharge, a company Nuvei acquired in August.
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