On The Web

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Companies

Apple Buys Startup to Turn iPhones Into Payment Terminals

August 3 2020

• in
• Apple
• mPOS

“Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals, according to people familiar with the matter. Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near […]

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Domains

Once the Innovators, Department Stores Fight to Stay Alive

August 4 2020

• in
• Omnichannel
• Remote Commerce

“Lord & Taylor was one of the first retailers to allow employees to become stockholders, to introduce a lunch counter, to usher in the Christmas season with animated window displays and to take risks on new American designers. That innovation stopped in the 1980s, former executives say, sending the once-grand department store chain on a […]

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Deals

CloudPay Raises $35M in Growth Capital

August 5 2020

• in
• Income

“CloudPay provides managed global payroll services to multinational organizations through a single, unified cloud solution. It processes payroll in line with often complex local and country-specific requirements, eliminating error-prone manual processes and ensuring timely payments. CloudPay’s solution guarantees accurate payroll processing across 130+ countries in more than twenty-five languages.”

On The Wires

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Domains

Finexio Partners With Billtrust to Expand Supplier Network and Meet Growing Demand for Digital Payments

August 3 2020

• in
• B2B

“Finexio, a fintech company offering a comprehensive accounts payable payments-as-a-service solution, today announces its partnership with Billtrust, the leader in B2B order-to-cash solutions, to provide faster digital payments to its suppliers and support the continued growth of its supplier network. Billtrust’s Business Payments Network (BPN) bridges the world of B2B payments by connecting buyers and […]

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Deals

Paya and FinTech III Announce Merger Agreement

August 3 2020

• in
• Remote Commerce

“Paya, a leading integrated payments and commerce solution provider, and FinTech Acquisition Corp. III (“FinTech III”), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company (the “Company”) will operate as Paya and will be listed on NASDAQ under the new […]

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Domains

Etsy Payments Gets Even More Global

August 4 2020

• in
• Remote Commerce

“As shoppers are increasingly turning to eCommerce, Etsy Payments allows sellers to offer more payment options while protecting their shops and streamlining their finances. We’re proud to announce that we’ve completed the expansion of our payments platform in seven new markets, giving more sellers access to our full suite of payments tools. Sellers in Israel, […]

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Companies

Jobber Partners With Stripe to Activate Financing and Instant Payouts for Home Service Businesses

August 4 2020

• in
• Payouts
• Stripe

“Jobber, a leading provider of home service management software, today announced an expanded partnership with technology platform Stripe to offer flexible financing and instant payouts to its customers in North America. Jobber is deploying Stripe Capital to make it easier for home service providers to access the capital they need to invest in their businesses […]

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Deals

Intuit QuickBooks Adds Omni-channel Commerce Capabilities by Acquiring TradeGecko

August 4 2020

• in
• Omnichannel

“Intuit is excited to announce that we have entered into an agreement to acquire TradeGecko, the inventory and order management platform that makes omni-channel commerce easy for small businesses. Integrating QuickBooks’ suite of financial, payment, reporting and accounting tools with TradeGecko’s robust inventory and order management system will help product sellers run and grow their business, […]

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Domains

Emburse Launches Industry’s First Policy-backed Corporate Cards With Pre-approvals to Deliver Unparalleled User Experience and Cost Control

August 5 2020

• in
• B2B

“Emburse , a global leader in expense management and accounts payable automation solutions, announces the first in a series of its Emburse Pay suite of global payment solutions encompassing employee spend, reimbursement and invoice payments. In the initial rollout, Emburse Pay launches with integrated pre-approved and policy-backed virtual cards that can be issued within the […]

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Domains

ACI Worldwide Drives Payments Transformation for South Africa’s Altech Card Solutions, a Division of Altron

August 4 2020

• in
• Remote Commerce

“ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that Altech Card Solutions (ACS), a division of Altron, one of South Africa’s leading technology companies, is utilizing ACI’s UP Retail Payments to better serve its large multi-national retail customers in South Africa and across the African continent.”