On The Web

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Domains

Customer-centric Bill Pay by Mike Kresse

November 5 2018

• in
• Bill Payment

“Consumers shouldn’t bear the burden of figuring out complicated banking applications and jargon to pay their bills. This includes navigating through multiple screens to move their money. It’s time to reinvent bill paying and, according to a recent report from Javelin, financial institutions are in the best position to do just that. Consumers need banking applications […]

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Domains

Banks Struggle With Global Payments That Look Easy for Venmo

November 2 2018

• in
• B2B
• Cross-border payments
• Global Payments

“Payment apps — such as Chinese juggernauts Alipay and WeChat Pay — are making the movement of money look so easy that banks’ biggest customers are losing patience with the global patchwork that’s handled their funds for decades. Such apps have barely started serving multinationals, but their presence is putting pressure on financial firms to […]

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Domains

7 Ways Restaurant Technology Is Changing The Business Of Dining

November 5 2018

• in
• POS

“I’ve been in the hospitality business for over 30 years, and it still amazes me to see how long promising restaurant technologies take before receiving widespread market adoption. Although some don’t remain idle quite as long as others, the food and beverage industry is notoriously slow to embrace change. Despite the gradual pace, there seems to […]

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Domains

How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments

November 6 2018

• in
• B2B
• B2B Payments

“Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to make payments via virtual cards […]

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Domains

In Payments, What I Say May Not Match What I Do

November 14 2018

• in
• Bill Payment

“By number, U.S. consumers report paying 4 in 10 bills by electronic means—for example, by using their online banking bill pay function or providing a bank account number at a biller’s website. By dollar value, the practice of using electronic transactions to pay bills is also prevalent: about half of bill payments by dollar value […]

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Companies

Ant Financial’s Alipay Strikes Payments Deal With Soccer Body UEFA As It Looks For Global Boost

November 9 2018

• in
• Ant Financial
• Mobile Payments

“Alipay, the payments app operated by Alibaba affiliate Ant Financial, has struck a partnership with European soccer governing body UEFA, the two firms announced Friday. The eight-year deal will see Alipay accepted at venues where UEFA-sanctioned men’s national team events are taking place, including the Euro 2020 and Euro 2024 soccer championships.”

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Domains

TransferWise partners with Dutch challenger bank Bunq

November 6 2018

• in
• Cross-border payments

“TransferWise, the European fintech unicorn that enables low-cost international money transfer, has always had ambitions of being a platform in the truest sense. In addition to its direct-to-consumer app, the company offers an API for integration with other fintechs and banks, although it is fair to say that third-party integrations of this kind have been quite slow […]

On The Wires

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Domains

Plastiq Adds Expedited Check Delivery to its Accelerated Payments Suite

October 31 2018

• in
• Bill Payment

“As the newest addition to the Accelerated Payments Suite, expedited check payment on the Plastiq platform offers a convenient and flexible way for customers to maximize their credit line. Customers simply schedule the payment and choose expedited delivery in order to guarantee delivery within two business days. Plastiq accepts the customer’s payment by credit card […]

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Domains

Visa Collaborates with Billtrust to Help Launch Business Payments Network and Redefine Digital B2B Payments

November 5 2018

• in
• B2B

“Visa (NYSE: V) and Billtrust today announced that they are collaborating on Billtrust’s Business Payments Network (BPN), which is designed to streamline the delivery of electronic B2B payments to suppliers. As a unique supplier-driven B2B payments network, BPN provides a transparent registry of suppliers who accept digital payments, giving buyers and financial institutions the necessary […]

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Domains

BigCommerce Adds Support for Venmo and Masterpass to Help Merchants Deliver on Consumer Checkout Demands

November 14 2018

• in
• Remote Commerce

“More than $35 billion in transactions were processed through Venmo in 2017 alone3. BigCommerce merchants using Braintree can now present a more intelligent personalized checkout experience, providing customers the option to choose from multiple payment options, including Venmo and PayPal Credit. When shoppers have Venmo enabled as a payment method on their mobile devices, it […]