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The programme has grown in popularity since its launch in October 2021 and had initially been funded by one-time federal funding through the 2021 American Rescue Plan Act (ARPA). Funding for the programme also relies on cost-sharing agreements with participating schools and school districts.

https://www.intelligenttransport.com/transport-news/146153/la-metros-gopass-pilot-programme-extended-june-2024/

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A group of firms including Goldman Sachs, Microsoft, Deloitte and Cboe Global Markets are planning to launch a new blockchain-based system to link up ...

https://www.bloomberg.com/news/articles/2023-05-09/goldman-microsoft-cboe-and-others-to-launch-blockchain-network

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H/T: Jorge. Read also PayPal officially launches Apple Pay support for small businesses Kroger now rolling out Apple Pay support to stores across the United States Apple Pay Later ‘early access’ rollout moving slowly Apple expands Tap to Pay and Track Detection features to more countries FTC:

https://9to5mac.com/2023/05/17/apple-pay-panama/

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PayNearMe provides a complete payment platform for online sports betting and iGaming, focusing on removing friction to enable operators to deliver an augmented player journey. With one platform and integration, operators can facilitate deposits and payouts using data to automate decisioning and better manage payment experiences that ultimately reduce costs and increase revenue.

https://thepaypers.com/online-payments/paynearmes-moneyline-augments-payments-for-maverick-gaming--1262458

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Revolut Business looks to provide businesses with an easy-to-use money management solution that lets them spend less time on admin and focus more on their business. As detailed in the announcement, Revolut Business is launching in Australia with its Grow and Scale plans which provide businesses with up to AUD 75,000 (approximately USD 49,800) per month in foreign currency exchange at competitive exchange rates.

https://thepaypers.com/payments-general/revolut-business-launches-in-australia--1262683

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It’s great to have that two-way ticket interaction that paper receipts can’t offer.” Square KDS on Android is available on the Google Play store and offers a 30-day free trial with Square for Restaurants. One unified platform with Square for Franchises Quick-service franchises are one of the fastest growing restaurant segments – and with Square for Franchises, a new, integrated solution, these businesses can operate more efficiently, identify new revenue streams, and prepare for future scale.

https://squareup.com/us/en/press/square-for-restaurants-grows-upmarket-announces-new-products-to-keep-orders-flowing-and-businesses-flourishing

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Fintech DNA Payments, one of the largest independent, fully vertically integrated omnichannel payments companies in the UK, has partnered with Mastercard to deliver Click to Pay for merchants across the UK and Europe.

https://www.finextra.com/pressarticle/95798/dna-payments-partners-with-mastercard-to-deliver-click-to-pay

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"For RTP there are very clear and strict rules around the onboarding of corporates, especially for things like Request for Pay," Lodge said, referencing real-time billing—which pairs invoice presentment with real-time processing. Request for Pay is one of the largest early use cases for real-time processing.

https://www.americanbanker.com/payments/news/what-are-bankers-telling-clients-about-real-time-payment-risks

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Adyen (AMS:ADYEN), the global financial technology platform of choice for leading companies, is now processing payments for Amazon Japan. Using Adyen’s platform, Amazon Japan will further optimize the payment data and checkout experience for its Amazon.co.jp customers. Adyen’s direct acquiring and data-rich insights enable Amazon Japan to provide a more seamless flow for its customers, whether they’re shopping from Japan or overseas.

https://www.adyen.com/press-and-media/2022/adyen-payments-platform-selected-by-amazon-japan

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Expedia’s template technology will power Mastercard’s global network of issues. The solution will be first available to customers that are working with Mastercard’s proprietary loyalty technology capabilities in North America, with additional markets, technology builds, and trader program usage planned to be available in the future.

https://thepaypers.com/online-payments/expedia-group-expands-partnership-with-mastercard--1262569

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On the lending side, Paytm aims to capitalize on opportunities by adding another three or four lending partners to the seven it currently has, per the release. “In India, the penetration of consumer credit, especially products like personal loans, merchant loans and small ticket consumption credit (postpaid and credit card) remains low, providing us with ample opportunity for leveraging our platform by working with lending partners in distributing such products,” Paytm said in the release.

https://www.pymnts.com/earnings/2023/paytm-adding-products-and-people-as-it-achieves-operational-profitability/

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The financial firm alleges in a lawsuit that “Walmart is positioning itself to compete directly with Capital One to provide credit and payment products to Walmart customers.” Walmart has denied the allegations made by Capital One.

https://retailwire.com/capital-one-says-walmart-failed-to-market-private-label-credit-card/

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Omni, the data-driven fintech focused on providing small and medium enterprises with working capital solutions in Latin America, today announced a strategic alliance with J.P. Morgan. The strategic alliance will deliver local and cross border Supply Chain Finance and Dynamic Discounting products and services to a wide client base in the region through Omni’s proprietary Platform.

https://www.businesswire.com/news/home/20220602005387/en/Omni-and-J.P.-Morgan-Announce-Strategic-Alliance-to-Deploy-Working-Capital-Solutions-in-Latin-America/

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Mads Mortensen, Covento’s General Counsel, said: “This new payment solution truly epitomises our commitment to propelling the renewable energy sector forward.

https://www.electronicpaymentsinternational.com/news/norton-rose-fulbright-advises-citi-on-structuring-b2b-payment-solution/

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In the near future the partnership will also enable Monoova’s customers in Australia to access more digital payment options, including Apple and Google Pay through Primer, giving Australian businesses a bigger piece of the ecommerce pie at home and abroad.

https://ffnews.com/newsarticle/monoova-and-primer-unite-to-meet-growing-australian-demand-for-flexible-digital-payments/

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Following this collaboration, the introduction of the Mastercard Wholesale Program within the region is believed to help increase liquidity for travel suppliers of the likes of travel agencies through improved transaction flexibility, transparency, and security.

https://thepaypers.com/payments-general/mastercard-infinios-launch-wholesale-travel-programme--1261777

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"It will be left to the banks that work in the sandbox to devise how and what to test with each other, with Swift providing the technical capabilities to perform the experiments," Zschach said. The payments messaging organization just finished work on a project that found it is possible to achieve interoperability between CBDCs and non-CDBC payment networks using existing bank payment systems and messaging structures.

https://www.americanbanker.com/payments/news/swift-works-to-bridge-digital-islands-of-cbdcs

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Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, further increasing the bank’s global Instant Payments offering.

https://www.businesswire.com/news/home/20220504005600/en/Citi-Launches-SEPA-Instant-Payments-in-Europe/

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Arc Treasury expands the company’s suite of full-service financial tools, including Arc Advance, which enables founders to convert future revenue into upfront capital, and Arc Runway, which helps startups analyze their net cash burn and efficiently deploy their capital to maximize their runway.

https://www.businesswire.com/news/home/20220614005687/en/Arc-Partners-With-Stripe-to-Launch-Arc-Treasury-the-First-Digitally-Native-and-Vertically-Integrated-Deposit-Account-Enabling-Software-Startups-to-Instantly-Access-and-Deploy-300M-in-Arc-Advance-Funding/

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“We value the relationships and experience of the Big Data Healthcare team,” said Bridgit Chayt, head of wholesale payments.

https://ir.53.com/news/news-details/2023/Fifth-Third-Completes-Acquisition-of-Big-Data-Healthcare-Further-Accelerating-Banks-Digital-Payments-and-Managed-Services-Offerings/default.aspx

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“With this much volume, manually writing and mailing checks simply is not a viable solution — but it’s still one that many legacy operators turn to,” wrote PYMNTS.The post Turvo Teams With Denim for Simpler Freight Broker Payments first appeared on PYMNTS.com.

https://www.pymnts.com/news/b2b-payments/2023/turvo-teams-with-denim-for-simpler-freight-broker-payments/

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Fifth Third Bancorp (NASDAQ: FITB) today announced it has closed the acquisition of Big Data LLC, a technology solutions provider for healthcare payments and remittance. The transaction adds national healthcare revenue cycle capabilities, addressing the complex and complicated needs of clients, while building on Fifth Third’s legacy of digital innovation and focus on the healthcare sector.

https://ir.53.com/news/news-details/2023/Fifth-Third-Completes-Acquisition-of-Big-Data-Healthcare-Further-Accelerating-Banks-Digital-Payments-and-Managed-Services-Offerings/default.aspx

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Large companies are focused on managing how they make and receive payments, and there is still significant opportunity to adopt digital payments for invoice-based spend. From Boost’s perspective, this spotlight has created new and exciting opportunities.

https://www.pymnts.com/opinion/2023/commercial-cards-become-important-cfo-cash-management-tool/

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Discover Global Network, the payments brand of Discover, will facilitate payments for TYDEi’s new healthcare vendor management system, thereby digitizing and streamlining payments in an industry where 85 percent of healthcare purchasing is done manually via paper checks.

https://www.businesswire.com/news/home/20221004005259/en/Discover-Brings-Innovative-Payment-Solutions-to-Healthcare-Through-Partnership-With-TYDEi

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Earlier this month, Societe Generale signed a commercial partnership with pan-European payment institution Lemonway to deliver payment services to large corporates in western Europe, launching B2B marketplaces. The partnership combines Lemonway’s third-party payment services management with Societe Generale’s cash-management services and “illustrates Societe Generale’s long-standing cooperative approach with fintech companies to provide innovative solutions for its clients,” according to Alexandre Maymat, head of global transaction and payment services at Societe Generale.

https://www.euromoney.com/article/2bm55nrhrjk5wgihxfrwg/treasury/payment-marketplace-alliances-are-the-future-for-banks

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GoCardless, the global leader in direct bank payments, has announced its plans to acquire Nordigen, the freemium open banking data provider, as it builds on its vision to become the world's bank payment network.

https://www.prnewswire.com/news-releases/gocardless-to-acquire-open-banking-platform-nordigen-combining-broad-open-banking-connectivity-with-bank-payment-expertise-301579459.html

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BillingPlatform, the enterprise monetization platform for today's innovative business models, today announced that Tipalti, the leading automated global payables solution, has chosen BillingPlatform as its enterprise billing solution.

https://www.prnewswire.com:443/news-releases/tipalti-chooses-billingplatform-for-enterprise-billing-automation-301658858.html

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The speed and convenience of payments through WhatsApp will help businesses expand their revenue streams with new channels and access a wider customer base,” said Sarita Singh, regional head and managing director for Southeast Asia at Stripe. The option to enable payments on WhatsApp in Singapore is available to local businesses using the WhatsApp Business Platform, which will include a Stripe account.

https://stripe.com/newsroom/news/whatsapp-stripe-singapore

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Enabled in collaboration with Checkbook, Inc., an all-in-one push-payments processor, this new capability allows businesses that deliver mass payouts to offer additional choice, speed the delivery of funds to customers, and reduce operational costs associated with paper checks.

https://newsroom.fiserv.com/news-releases/news-release-details/fiserv-adds-more-digital-payout-choice-businesses-using-carat

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A strategic relationship designed to help enterprise and mid-market customers navigate supply chain disruptions and broader macroeconomic uncertainty, the collaboration marks an enhancement of Fifth Third’s working capital and trade payables solutions, which empower businesses to unlock otherwise untapped capital and cash flow.

https://www.prweb.com/releases/2022/12/prweb19058718.htm

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Business process solutions company Conduent has launched its new digital integrated payments hub, offering businesses and public sector agencies a centralized platform consolidating different payment processes and systems.

https://www.pymnts.com/digital-payments/2022/bny-mellon-and-conduent-debut-digital-payments-hub/

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As a fully integrated, end-to-end payments network running in parallel with card payments, the SBSN enables banks, as members of the network, to deliver a new white-labeled structured financial service to small business suppliers that sell to business and government entities on invoice payment terms.

https://www.businesswire.com/news/home/20220809005136/en/TreviPay-Releases-Small-Business-Supplier-Network-Banking-Solution-to-Support-Recovery-for-Small-Business-Sellers-Serving-Business-Government-Buyers/

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With Clik2pay Flexible Payments, a business may embed a direct-from-account payment link in a communication to its customer, such as a bill or collection notice.

https://www.finextra.com/pressarticle/93461/clik2pay-adds-flexible-and-scheduled-payments-options

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Jason Kumpf, Rapyd’s Global Head of Partnerships, says: “In a rapidly evolving fintech landscape, our partnership with Belvo enables us to provide businesses with the tools they need to succeed in the LATAM market. By combining our strengths, we will deliver secure, fast, and innovative payment solutions to drive growth in the region and make the most of the open banking revolution.” Pablo Viguera, Co-founder and CEO of Belvo, says: “Joining forces with Rapyd will further strengthen our commitment to helping businesses leverage open finance data and payments in Latin America.

https://www.finextra.com/pressarticle/96757/rapyd-and-belvo-partner-on-open-finance-in-latin-america

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With this collaboration, Sunflower Bank’s clients and their companies will be able to use Corpay’s cross-border solutions to help mitigate foreign exchange (FX) exposure and manage their global payments from a single platform, the companies said in a Tuesday (May 9) press release. “We are excited to partner with Corpay and bring their extensive global payments knowledge and expertise to our Sunflower Bank clients,” Sunflower Bank Senior Vice President and Treasury Management Director Layne Nunes said in the release.

https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2023/corpay-and-sunflower-bank-team-up-on-cross-border-payments/

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Standard Chartered announced the global launch of the working capital and lending capability on its Straight2Bank (S2B) platform, the Bank’s online banking platform for businesses to manage their transaction banking needs.

https://ffnews.com/newsarticle/standard-chartered-launches-digital-working-capital-and-lending-capability-on-straight2bank/

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“Integrating our analytics into MonetaGo’s Secure Financing system furthers our mission to drive commercial advantage, evaluate risk, and support the efficient and lawful movement of seaborne trade.” Financiers can now leverage Lloyd’s List Intelligence vessel information to authenticate and verify the underlying information when reviewing trade documents within the Secure Financing system, thereby mitigating the risk of forged documents being presented for financing. “Working hand in hand with partners worldwide, we have made tremendous progress in the fight against trade finance fraud,” says Neil Shonhard, CEO of MonetaGo.

https://www.finextra.com/pressarticle/96817/monetago-partners-with-lloyds-list-intelligence-to-authenticate-trade-finance-documents

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The companies have fully validated the integration of the Paymentus Instant Payment Network (IPN) and electronic bill presentment and payment platform (EBPP) within the Oracle Energy and Water suite of Customer Information Systems (CIS), the companies said in a Tuesday (May 2) press release.

https://www.pymnts.com/news/b2b-payments/2023/paymentus-and-oracle-add-billing-and-payments-tools-for-utilities/

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Payment platform dLocal has debuted a new “all-in-one” tool for online businesses. dLocal for Platforms lets dLocal onboard sellers, service providers or contractors to the platform, while dLocal verifies them before paying out, according to a Thursday (April 13) press release.

https://www.pymnts.com/news/international/global-payments/2023/dlocal-debuts-all-in-one-payment-solution/

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Coupa’s Business Spend Management platform is the only comprehensive solution that provides treasurers with a complete view of company spending and cash – across treasury, finance, procurement, and supply chain.

https://ibsintelligence.com/ibsi-news/coupa-treasury-unlocks-full-cash-visibility-and-enables-business-agility/

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Building on its leadership in marketplace payments and B2B payments, the launch of Payoneer Checkout creates a unified experience for Payoneer's eCommerce merchants across multiple digital channels. By consolidating all their funds across marketplace and direct sales channels in Payoneer's multi-currency accounts, merchants can manage their accounts payable needs, gain access to working capital, and use their funds to pay for business expenses such as digital advertising.

https://www.businesswire.com/news/home/20220510005399/en/Payoneer-Announces-Launch-of-Payoneer-Checkout/

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"Real-time pay for disbursements will be used more in the consumer space than commercial early on, but there is a fair amount of delay where there are layers of people who need to be paid as part of a larger transaction," Bodone said.

https://www.americanbanker.com/payments/news/keybank-using-real-time-payments-to-speed-up-home-sales

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New industry-leading direct invoicing option streamlines booking and billing process for corporate travelers

https://www.prnewswire.com:443/news-releases/choice-hotels-launches-choice-direct-pay-301605780.html

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Additionally, real-time clearing and settlement enables financial institutions to offer higher limits for digital payments and which help support migration of paper-based payments (cheques and draft) to digital, a more efficient and environment friendly payment option.” Rastogi added that while the commercialisation opportunities are extensive, they “may require participants to broaden their commercialisation strategy for payments by looking beyond the traditional transactional unit economics and towards value added overlay services.” On the RTR, he said that it is “an exciting time for the payments industry in Canada.

https://www.finextra.com/newsarticle/42271/payments-canada-summit-td-banks-kushank-rastogi-on-real-time-payments

COMMBANK

The report also found that automation of payment and invoicing processes can lead to many benefits for both healthcare organizations and their suppliers, including better speed and predictability of payments and more flexibility with cross-border procurement of medical supplies and equipment.

https://www.pymnts.com/healthcare/2023/tivic-health-launches-b2b-portal-to-support-medical-equipment-sales/

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The solution has already been successfully piloted with Barclays higher education clients, allowing institutions to invoice international students in GBP and international students to pay the institution in their local currency. “From manufacturing and leisure to education and healthcare, our partnership with TransferMate will enable clients from numerous industries to offer a new payment method to their customers whilst achieving reconciliation benefits and reduced banking fees for their businesses” said Martin Runow, Global Head of Payments, FX and Digital at Barclays Transaction Banking.

https://financialit.net/news/payments/barclays-partners-transfermate-provide-international-receivables-payments-solution-uk

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Elavon, a wholly-owned subsidiary of U.S. Bank and one of the largest payments processors globally, launched talech Register for North American small business owners. Talech Register is the next generation, all-in-one payments and business analytics platform that empowers small business owners to better manage their operations.

https://www.businesswire.com/news/home/20220901005166/en/U.S.-Bank-and-Elavon-launch-talech-Register-for-small-businesses/

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"In today's commercial credit landscape, lenders want to make more efficient credit decisions without opening themselves up to greater risk," said Bill Phelan, General Manager of the Equifax USIS Commercial business. "By providing a more holistic picture of a business' ability to pay, the OneScore for Commercial credit score delivers greater predictability within a lender's portfolio.

https://www.prnewswire.com/news-releases/equifax-introduces-new-commercial-credit-score-designed-to-expand-credit-access-for-small-businesses-301812801.html

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Citi's Treasury and Trade Solutions (TTS) announced today that it is entering into an agreement with global payment processor EBANX to provide an end-to-end digital collection solution (eCommerce) for Citi's institutional clients in Latin America. Citi's clients will be able to accept more than 100 consumer payments online methods in 11 countries.

https://www.citigroup.com/citi/news/2022/220421b.htm

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" Edmund Ng, Co-founder and CEO of Doxa says, "Visa's strong reputation in payments and innovation is a huge draw and we see a lot of synergy with what we are trying to achieve. The mentoring through the Visa Accelerator Program will be invaluable in the areas of digitising B2B invoice and payments as well as growing virtual accounts.

https://www.prnewswire.com/apac/news-releases/visa-partners-seven-new-startups-to-accelerate-payments-innovation-in-asia-pacific-301824488.html

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