Payments News

On The Web

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Companies

The Apple Card Now Has a Website Where You Can Pay Your Bills

“Apple has introduced a new web portal for managing its Apple Card credit card (including paying bills, viewing the current balance, and seeing past bill statements), which makes the experience as a whole less reliant on an iPhone or iPad, via AppleInsider. Previously, the only way to manage an Apple Card required having a compatible […]
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Companies

TransferWise to offer investment products but has ‘no plans’ to become a bank

“TransferWise, the London-headquartered international money transfer service recently valued at $3.5 billion , has secured an additional license with U.K. regulators to enable it to offer investment products in the future. This will mean that U.K. customers who have money deposited in a TransferWise multi-currency or so-called “borderless” account will be given the option to […]
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Companies

SoftBank Seeks to End Partnership With Wirecard

“SoftBank Group Corp. is looking to distance itself from Wirecard AG, after the Japanese tech conglomerate helped arrange a $1 billion investment months before the German payments company went bust. One of the world’s largest technology investors, SoftBank is seeking to terminate a five-year partnership its investment arm formed with Wirecard in April 2019, according […]

On The Wires

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Companies

BNY Mellon to Deliver Real-Time Account Validation Services to Corporate and Bank Clients in the U.S.

“BNY Mellon today announced a collaboration with risk and payments solution provider Early Warning Services, LLC (EWS). Through this agreement, BNY Mellon will deliver real-time account validation services to clients, and offer the flexibility to tailor a solution to meet clients’ individual needs— whether through BNY Mellon directly, or through one of its Private Label […]
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Companies

Venmo Launches Limited Pilot of New Tools for Sole Proprietors With the Introduction of Business Profiles

“Piloting to a limited number of users today, Business Profiles allows sole proprietors, casual sellers, and users with a side hustle to create an additional Venmo profile to accept payments for goods and services. Whether you’re an artist, selling homemade planters at a craft fair, serving up one-of-a-kind haircuts, selling floral arrangements or mowing lawns, […]
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Companies

PayPal Launches Installments in France

“PayPal is expanding its “buy now, pay later” solutions to France, with a new installments product that will enable customers to split purchases into four equal payments over three months, nearly anywhere PayPal is offered.  Online installments are incredibly popular with French consumers: 64 percent of users would have postponed or not completed their purchase […]