Payments News

On The Web

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Domains

New York City Council Passes Sweeping Food Delivery Protections

“The sweeping measures would require restaurants to grant couriers access to bathrooms, set a minimum per-trip payment and a guarantee that couriers receive full tips, and allow the workers to set limits on their routes. The apps will also be required to pay couriers at least once a week, offer payment options that don’t require […]
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Domains

FinTech Startup Chipper Cash Launches Its Free App in SA

“Yesterday, Chipper, one of the fastest growing African fintech start-ups that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa, officially launched Chipper Cash to offer domestic P2P money transfers in South Africa. Chipper Cash will enable South Africans to enjoy free unlimited instant domestic money transfers, invest in cryptocurrencies, and buy […]
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Deals

Https://www.bizjournals.com/chicago/inno/stories/fundings/2021/09/21/provi-funding-750m-valuation.html?page=all

“Founded in 2016 and formerly known as Tiz, Provi has created a beverage marketplace that simplifies the ordering process between retailers and distributors. Its online platform lets bars and restaurants order all their beverages in one central location, rather than making multiple phone calls and creating additional invoices. Provi, which is short for “provision,” also provides companies […]
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Domains

Is Live-Stream Shopping the Future of Retail?

“This frenetic digital shopping experience played out on Ntwrk, a three-year-old, live-shopping app that could be billed as “ QVC for Hypebeasts.” At appointed times, store owners, designers, and personalities like celebrity jeweler Ben Baller and ex-”HQ Trivia” host Scott Rogowsky host live-streams to show off whatever they’re selling that day. The streams are like […]
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Deals

EXCLUSIVE: Goat and Gucci CEO invest in resale platform Grailed

“Grailed, the curated menswear resale platform offering brands from Supreme to Saint Laurent, has secured $60 million in a new funding round led by larger sneaker resale rival Goat Group, alongside smaller investment from Groupe Artémis, the investment fund of Kering’s Pinault family and Marco Bizzarri, the Gucci CEO, who has invested personally.”

On The Wires

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Domains

Adobe Announces Payment Services for Adobe Commerce

“Adobe (Nasdaq: ADBE) today announced the upcoming availability of Payment Services for Adobe Commerce , the industry’s leading end-to-end commerce application for B2B, D2C and hybrid use cases. By integrating Payment Services to their digital storefronts, Adobe merchants of all sizes will soon have access to a robust, secure, and integrated payment solution that can […]
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Domains

BNY Mellon, Citi and Verizon Launch Real-Time Bill Pay for Retail Customers in Market First

“BNY Mellon and Citi have collaborated with Verizon to be the first company to send request-for-payment messages to consumers who bank with Citi. When using BNY Mellon’s new Real-Time E-Bills and Payments functionality, Verizon customers with Citibank accounts can pay their bills immediately, at any time of day, 365 days a year, and enjoy greater […]
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Domains

WEX Signs New Fleet Card Agreement With the State of Minnesota

“WEX (NYSE: WEX), a leading financial technology service provider, today announced it has been awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement. WEX is proud to expand its extensive government contract portfolio and continue working with state-wide fleets.NASPO ValuePoint is the cooperative purchasing […]
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Deals

Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B

“Melio , a leading B2B payments platform for small businesses, today announced it has raised an additional $250 million, tripling the company’s valuation to $4 billion since January 2021. The capital raised will accelerate the company’s expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers.”
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Domains

DBS Introduces Real-time Digital Cross-border Incoming Payment Tracking for All Corporate and SME Clients

“DBS has launched real-time online tracking for cross-border collections for businesses in India in partnership with SWIFT Global Payments Innovation (gpi). DBS is the first bank in India and Asia-Pacific to offer this service to clients, which is expected to benefit close to 4000 corporate and SME clients in India, with numbers expected to grow further. The new DBS SWIFT gpi incoming […]