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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

NON_COMMBANK

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/

NON_COMMBANK

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

NON_COMMBANK

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

NON_COMMBANK

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

NON_COMMBANK

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

NON_COMMBANK

"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

NON_COMMBANK

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

NON_COMMBANK

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

NON_COMMBANK

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/

NON_COMMBANK

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/

NON_COMMBANK

Since the opening-up of the U.S. iGaming market in May 2018, Paysafe has consistently stated its ambitions to be the payments leader in the fast-growing sector, building on its leadership in Canada and Europe.

http://www.businesswire.com/news/home/20230510005161/en/Paysafe-launches-upgraded-Skrill-digital-wallet-for-iGaming-in-Ontario/

COMMBANK

“In the U.K., Paysend Business has helped businesses save money on international transactions and streamline their payment processes,” Paysend said in the release. “The expansion into the U.S. market reinforces its commitment to providing innovative and reliable cross-border payment solutions to businesses worldwide.” The launch of this platform in the U.S. comes three days after Paysend announced that it has partnered with TelevisaUnivision to promote money transfers to Latin America.

https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2023/paysend-launches-cross-border-payments-solution-for-small-businesses-in-us/

COMMBANK

However, for now, the solution uses commercial bank money.

https://www.ledgerinsights.com/deutsche-bank-smbc-join-partior-dlt-payment-network-co-founded-by-jp-morgan/

COMMBANK

Texas-based inbanx is integrating Corserv’s Payment Cards as a Service API (PCaaSA) into its platform to offer a more holistic business payments platform.

https://finovate.com/inbanx-taps-corserv-to-launch-visa-commercial-card-offering/

COMMBANK

Building a high-tech product to effortlessly streamline the global payroll process, they help companies onboard new hires, sign their contracts, automate their payments, and also give their workers the possibility to access state-of-the-art financial services. Founded in 2020 and currently among the top Y Combinator-backed startups, Ontop empowers remote workers from all around the world, giving the access to new generation of financial services for global remote workers such as Ontop Wallet, Ontop Visa Card and Ontop Peak.

https://www.prweb.com/releases/2023/5/prweb19335166.htm

COMMBANK

Designed for small and medium-sized businesses (SMBs), the Fyle and QuickBooks combined solution helps automate expense reporting, credit card reconciliation and closing the books, the companies said in a Tuesday (May 2) press release. “The work involved in administering staff expenses isn’t core to anyone’s role, but it’s time-consuming and frustrating,” Fyle CEO Yashwanth Madhusudan said in the release.

https://www.pymnts.com/spend-management/2023/fyle-and-quickbooks-partner-on-expense-management-and-bookkeeping-solutions/

COMMBANK

As part of Spryker’s composable commerce offering that enables businesses to select solutions and build a highly customised tech stack, merchants can implement TreviPay within the Spryker digital commerce platform to integrate net terms and automate invoicing, providing choice and convenience to buyers, while automating accounts receivables for business customers.

https://thepaypers.com/payments-general/spryker-trevipay-partner-for-b2b-payments--1262430

COMMBANK

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced the addition of Swift Go to its cross-border payments offering. In response to the growing demand for new cross-border, real-time payment services, ACI will enable banks to utilize Swift Go via the ACI Enterprise Payments Platform.

http://www.businesswire.com/news/home/20230521005008/en/ACI-Worldwide-To-Offer-Banks-New-Cross-Border-Real-Time-Payment-Services/

COMMBANK

Modern Treasury, the operating system for the new era of payments, today announced its expanded Reconciliation Engine, which automates and simplifies end-to-end cash reconciliation for businesses.

https://www.finextra.com/pressarticle/96474/modern-treasury-unveils-reconciliation-engine

COMMBANK

The report found that merchants are open to adopting new payments innovations over the next 12 months, with payment options for consumers set to increase in the country.

https://thefintechtimes.com/chase-report-canadian-businesses-adopt-new-payment-tech-to-meet-consumer-demand/

COMMBANK

Capchase Pay enables SaaS companies to collect the full contract value for their software while also providing their customers with flexible payment terms. Though SaaS growth didn’t take as big of a hit as previously thought, Miguel Fernandez, co-founder and CEO of Capchase, told TechCrunch that SaaS companies did see a shift in their return on investment when sales cycles delayed as buyer’s asked for more flexible financing terms.

https://techcrunch.com/2023/05/11/capchase-buy-now-pay-later-saas-fintech/

COMMBANK

Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announced today that it has expanded its Business Payments Network (BPN) provider relationship with KeyBank to include B2B invoice delivery in addition to capturing payments and processing remittance data through its first-of-its-kind digital lockbox. In reselling BPN to business clients, KeyBank will now enable them to automatically deliver invoices to more than 170 leading accounts payable portals.

https://www.businesswire.com/news/home/20220421005013/en/Billtrust-Expands-its-Business-Payments-Network-BPN-Relationship-with-KeyBank/

COMMBANK

This collaboration will provide benefits for mutual dealer customers of both CloudX and Dealertrack DMS. With CloudX and Dealertrack DMS, US auto dealerships can automate their accounts payable and payment processing functions to increase efficiency and drive profitability across operations.

https://www.newswire.com/news/cloudx-announces-ap-automation-integration-with-cox-automotives-22004990

COMMBANK

Deutsche Bank today announced its partnership with FinLync, a global fintech company offering products that are transforming corporate finance and treasury offices. FinLync’s pre-built API integrations and SAP-embedded treasury applications will enable corporate treasury and finance teams to connect to Deutsche Bank’s API offerings rapidly and easily.

https://www.db.com/news/detail/20220518-deutsche-bank-partners-with-finlync-to-provide-instant-access-to-real-time-treasury-for-corporates?language_id=1

COMMBANK

As one of the fastest-growing B2B payment solutions in the United States, Melio is transforming how money is moved between businesses. It serves financial institutions and software companies that want to provide Accounts Payable and Receivable products for their small business customers.

https://www.prnewswire.com/news-releases/melio-launches-mobile-app-for-b2b-payments-301819053.html

COMMBANK

Through its new business offering Paysend plans to lead the way in the world of digital payments, creating more opportunities for SMEs around the globe to grow their customer base and diversify their supply chain by allowing them to send, hold and receive digital payments via several different payment gateways and in multiple currencies.

https://www.finextra.com/pressarticle/93002/paysend-ships-new-business-product

COMMBANK

Shopify has teamed up with Israeli B2B payments startup Melio to launch a new bill pay tool designed to allow U.S.-based merchant customers to manage their expenses and vendors via its platform.

https://techcrunch.com/2023/04/24/shopify-adds-direct-bill-payments-in-bid-to-be-a-single-stop-fintech-for-merchants/

COMMBANK

"We have visibility into the entire transaction flow," Ancona said, noting that Amex's multi-sided program can reach both buyers and suppliers. American Express has traditionally focused on automating accounts payable and supply chain processes to increase Amex card usage, said Richard Crone, a payments consultant.

https://www.americanbanker.com/payments/news/inside-amexs-quest-to-digitize-business-payments

COMMBANK

Splitit's white-label platform delivers one-click installments embedded into the merchant's existing checkout flow. Automotive, Healthcare, Education, and Furniture industries will benefit. , /PRNewswire/ -- Splitit (ASX:SPT, OTCQX:SPTTY), the only white-label service allowing customers to pay by installments using their existing credit on their payment card, and Atlantic-Pacific Processing Systems NV, Corp. (APPS), a leading North American payment solutions provider, today announced they have partnered to deliver an integrated card-based installment payments solution.

https://www.prnewswire.com/news-releases/splitit-and-apps-announce-partnership-to-simplify-iso--isv-installment-payments-301828577.html

COMMBANK

Given that Worldpay’s expertise is in international transactions and the domestic payments market in India is cluttered, the company intends to stay away from this market.

https://economictimes.indiatimes.com/tech/technology/worldpay-to-focus-on-large-cross-border-payments-in-india/articleshow/99943147.cms

COMMBANK

Spreedly, the provider of the leading Payment Orchestration platform, today announced Payments Orchestration solutions designed for the unique payments needs of merchant aggregators (platforms and marketplaces that onboard and serve individual merchants).

https://www.prnewswire.com:443/news-releases/spreedly-launches-new-payments-orchestration-solutions-addressing-the-unique-payments-needs-of-merchant-aggregators-301618768.html

COMMBANK

The new CashPro Validator eliminates a common source of delays by enabling business clients to self-serve on validating payments and file formats when implementing CashPro Connect payments, adding payment types or making changes to the treasury system, Bank of America said Wednesday (Nov. 30) in a press release emailed to PYMNTS.

https://www.pymnts.com/news/faster-payments/2022/bank-of-america-cashpro-adds-tool-validating-payments/

COMMBANK

Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

http://www.businesswire.com/news/home/20230516005210/en/ACI-Worldwide-Certified-on-FedNow-Integrating-Corporate-One-FCU-on-ACI-Real-Time-Payments-Cloud/

COMMBANK

The acquisition will also add leading accounts receivable automation software capabilities that complement Global Payments’ existing B2B and accounts payable offerings. Further, EVO will bring an array of key technology partners and proprietary integrations, including with the most widely used ERP software providers.

https://www.businesswire.com/news/home/20220801005272/en/Global-Payments-Enters-Definitive-Agreement-to-Acquire-EVO-Payments/

COMMBANK

The launch of Worldpay for Platforms combines the power of FIS’ global merchant and banking solutions into one platform with embedded payments technology through its recent acquisition of Payrix.

https://www.businesswire.com/news/home/20220913005235/en/FIS-Unveils-Worldpay-for-Platforms-Enabling-Software-Providers-to-Transform-SMB-Commerce-Experiences/

COMMBANK

Initial cross-currency use cases could include P2P payments in CBDC with foreign exchange conversion and digital euro users purchasing goods and services from an online merchant outside the euro area with currency conversion (ie e-commerce) or in-store payments facilitating an omnichannel approach with currency conversion.

https://www.nfcw.com/2023/05/02/383547/digital-euro-to-support-both-nfc-and-qr-payments-in-stores/

COMMBANK

Amazon Pay has unveiled a tool to give merchants faster access to working capital. Express Payout is available now for eligible merchants via the company’s Seller Central, Amazon said Tuesday (March 21) in an announcement provided to PYMNTS.

https://www.pymnts.com/news/retail/2023/amazon-debuts-express-payout-for-faster-working-capital/

COMMBANK

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announces that it is launching its unified commerce solution in Mexico. Bolstered by the company’s recently enabled full acquiring capabilities in the country, Adyen can now maintain end-to-end control of the payment flow for transactions occurring in-person and online.

https://www.adyen.com/press-and-media/2022/adyen-brings-unified-commerce-offering-and-local-acquiring-to-mexico

COMMBANK

“The eAUD, as a CBDC, holds the potential to address crucial challenges in both FX and International Remittance Markets such as improving transaction times, reducing fees, and providing more open access,” said David Lavecky, CEO at CANVAS.

https://www.ledgerinsights.com/australian-cbdc-fx-transaction/

COMMBANK

Societe Generale launches its first acceleration programme dedicated to startups linked to Trade Finance, Cash Management, Factoring, and Cash Clearing & Correspondent Banking activities.

https://www.societegenerale.com/en/news/press-release/launch-societe-generale-s-payment-transaction-banking-start-accelerator

COMMBANK

The report details other factors driving real estate firms’ interest in real-time payments. • Although many firms express interest in using cryptocurrency and virtual cards for speed, real-time payments present a more attractive option.

https://www.pymnts.com/real-time-payments/2023/9-in-10-real-estate-firms-bet-big-on-real-time-payments/

COMMBANK

"The job of finance at a company isn't constrained to the collection of money, it's about helping construct the business," said Vivek Sharma, business lead for revenue and finance automation at Stripe. Small businesses have added more automation over the past few years to accommodate the expansion of e-commerce and a need to find new consumers and suppliers that are often outside of their home markets.

https://www.americanbanker.com/payments/news/inside-stripes-push-to-diversify-beyond-payments

COMMBANK

American Express (NYSE: AXP) and Versapay, the Collaborative Accounts Receivable company, today announced a new agreement to provide suppliers who utilize the functionality of American Express virtual cards with access to Versapay’s world-class collaborative accounts receivable (AR) network of buyers and suppliers.

https://www.businesswire.com/news/home/20220510005951/en/American-Express-Teams-Up-with-Versapay-to-Create-a-More-Efficient-Accounts-Receivable-Experience-for-Suppliers-and-Buyers/

COMMBANK

About TipaltiTipalti is the only company handling both Global Partner Payments and Accounts Payable workflows for high-velocity companies across the entire financial operations cycle: onboarding and managing global suppliers, instituting procurement controls, streamlining invoice processing and approvals, executing payments around the world and reconciling payables data across a multi-subsidiary finance organization. Tipalti enables companies to scale quickly by making payables strategic with operational, compliance, and financial controls.

https://www.prnewswire.com/news-releases/tipalti-secures-150-million-in-growth-financing-from-jpmorgan-chase-bank-and-hercules-capital-301823802.html

COMMBANK

In addition to the FedNow Service, Pidgin also supports the use of other payment routes, including The Clearing House’s Real-Time Payments Network, and Same Day ACH.

https://www.finextra.com/pressarticle/96787/pidgin-secures-certification-for-fednow-instant-payments-service

COMMBANK

We remove the unnecessary friction and cost inherent in the traditional financial system to help entrepreneurs achieve their global ambitions. Leading companies around the world trust Airwallex to manage everything from payments, treasury, and spend to embedded finance - all in one single platform.

http://www.businesswire.com/news/home/20230509005360/en/Airwallex-Launches-Operations-in-Israel-Plans-Expansion-Across-Middle-East/

COMMBANK

Stripe offers automated reconciliation, providing a virtual bank account number (VBAN) for each customer, so that incoming transfers automatically map to the correct one. A reconciliation layer allows businesses to immediately see if a customer has paid too much or too little — and can resolve overpayments through the dashboard and API.

https://www.finextra.com/newsarticle/40491/stripe-unveils-global-infrastructure-for-bank-transfers

COMMBANK

“We are pleased to partner with Knowit, a Nordic powerhouse for digital solutions,” said Vitus Rotzer, CRO of Financial Messaging for Bottomline. “By integrating with our software, Knowit will play a vital role in giving financial institutions a single point of access to multiple payment networks.

https://ffnews.com/newsarticle/knowit-and-bottomline-partner-to-bring-innovative-solutions-to-the-nordic/

COMMBANK

J.P. Morgan has also earned distinguished quality awards within both cash management and trade finance.

https://www.jpmorgan.com/news/2022-coalition-greenwich-awards

COMMBANK

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/

COMMBANK

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/

COMMBANK

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/

COMMBANK

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

COMMBANK

"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

COMMBANK

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/

COMMBANK

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/

COMMBANK

“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

COMMBANK

“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/

COMMBANK

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

COMMBANK

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/

COMMBANK

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

COMMBANK

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

COMMBANK

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

COMMBANK

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

COMMBANK

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

COMMBANK

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

COMMBANK

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

COMMBANK

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/

COMMBANK

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/

COMMBANK

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

COMMBANK

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

COMMBANK

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/

COMMBANK

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/

COMMBANK

“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

COMMBANK

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/

COMMBANK

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/

COMMBANK

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/

COMMBANK

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/

COMMBANK

"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

COMMBANK

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

COMMBANK

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/

COMMBANK

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

COMMBANK

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/

COMMBANK

"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

COMMBANK

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

COMMBANK

" 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

COMMBANK

Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022.

https://www.finextra.com/pressarticle/93665/paysend-introduces-50-new-receiving-countries-to-its-global-payments-network

NON_COMMBANK

The CCI’s probe of Google’s User Choice Billing system follows complaints by some companies that the fee violates an earlier antitrust directive, according to the report.

https://www.pymnts.com/antitrust/2023/report-indian-regulator-investigating-googles-fees-for-in-app-payments/

NON_COMMBANK

In this regard, the platform developed by Judopay seamlessly integrates and enhances our Payment Orchestra solution and is in line with our strategic vision of Open Payments.” This strategic acquisition is a major step forward for Fabrick as it seeks to become a leader in Open Finance and embed itself further into the European market whilst simultaneously improving the way businesses accept payments and enabling consumers to enjoy a smoother checkout experience as well as access to alternative payment methods.

https://ffnews.com/newsarticle/open-finance-pioneer-fabrick-s-p-a-acquires-mobile-commerce-leader-judopay/

NON_COMMBANK

It also offers Zomato Pay, an option to enable users to make payments through the Zomato app in select restaurants. Last month, the firm discontinued its partnership with RBL Bank for co-branded Edition credit cards.

https://yourstory.com/2023/05/zomato-upi-npci-payments-p2p-merchant-icici-bank

NON_COMMBANK

The post CBDC Skepticism in Europe Paves Path for Tokenized Deposits first appeared on PYMNTS.com.

https://www.pymnts.com/cbdc/2023/cbdc-skepticism-europe-paves-path-tokenized-deposits/

NON_COMMBANK

"With our app people can download the previous day's earnings to buy gas to get to work and take more shifts, so they were working maybe two or three more hours per week," he said.

https://www.americanbanker.com/payments/news/inflation-exposes-weak-spots-and-opportunities-for-payments

NON_COMMBANK

Standard Chartered and Tazapay’s purpose-built proposition allows global marketplaces and e-commerce merchants to accept payments from buyers locally in more than 70 markets based on their preferred payment method via a single application programming interface[3] (API), offering a cost-effective and frictionless checkout (Tazapay Checkout) experience when settling commercial cross-border transactions.

https://ffnews.com/newsarticle/standard-chartered-expands-partnership-with-tazapay-to-power-seamless-payments-for-cross-border-ecommerce/

NON_COMMBANK

The solution will enable Independent Sales Organisations (ISOs) and Independent Software Vendors (ISVs) in the US and Canada to turn mobile devices into contactless payment terminals.

https://ffnews.com/newsarticle/paytech/phos-launches-tap-to-pay-solution-in-the-us-with-elavon/

NON_COMMBANK

However, as a citizen of the world whereby you’re (transit agency) worried about these increasing costs not (being) sustainable, and you are public sector so you can’t pass the costs on,” Ng said, noting that TfL does not receive operating subsidies from the government outside of Covid relief funds. Ng called on payments schemes to create a special category for transit agencies in terms of interchange and scheme fees.

https://www.mobility-payments.com/2023/05/12/open-loop-leaning-panel-sees-role-for-closed-loop-payments-in-transit/

NON_COMMBANK

The successful launch of the payment linkage is a result of close industry collaboration championed by BI and BNM, working closely with the Indonesian Payment System Association (including its member payment system operators in Indonesia), PayNet, and participating financial institutions. In the statement, the central banks also welcome participation from more financial institutions to further expand the cross-border payments ecosystem.

https://www.theedgemarkets.com/node/665933

NON_COMMBANK

This direct-from-account payment option gives Canadian consumers the choice of using a payment method other than a credit card and enables online merchants to expand their customer base, reduce payment processing fees and receive real-time payments, Clik2pay said in a Tuesday (Jan. 17) press release emailed to PYMNTS.

https://www.pymnts.com/news/retail/2023/clik2pay-enables-shopify-online-merchants-accept-debit-payments/

NON_COMMBANK

BR-DGE is forecasting significant growth in 2023 with over £1.5bn of transactions projected to be processed over the year.

https://www.finextra.com/pressarticle/96758/br-dge-connects-with-american-express-for-open-banking-payments

NON_COMMBANK