Payments News

On The Web

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MTA Adds Physical Omny EMV Card for Closed Loop Transit Ticketing in New York

“The New York Metropolitan Transportation Authority (MTA) has launched a physical Omny EMV payments card to enable passengers travelling on the city’s subway and bus services to make closed loop contactless ticketing payments. The MTA is rolling out the reloadable Omny card as an additional tap-and-go option for passengers who do not have — or […]

On The Wires

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Veem Partners With Visa to Enhance Domestic and Cross Border Money Movement

” Veem, the global payment network for small-to-midsize businesses, today announced a collaboration with Visa, the world’s leader in digital payments. Now, over 400,000 of Veem’s customers will have access to a new SMB Visa card program1 and digital money movement capabilities through Visa Direct, Visa’s real-time2 push payments platform. Veem clients will have the ability to […]
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Synchrony And Fiserv Expand Strategic Partnership With Payment Options For Merchants And Their Customers Via Clover

“Synchrony (NYSE: SYF ), a leading consumer financing company, today announced an expanded strategic partnership with Fiserv, Inc. (NASDAQ: FISV ), a leading global provider of payments and financial services technology solutions. Small businesses will now be able to access Synchrony products and services and accept private label credit card payments via the Clover® point-of-sale and […]
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SWIFT Go Builds Momentum As 100+ Banks Sign Up for Service That Powers SME and Consumer Payments

“SWIFT today announces that 100 banks around the world have signed up for SWIFT Go since it went live in July, underscoring strong demand for the service that enables small businesses and consumers to send fast, predictable, highly secure and competitively priced low-value cross-border payments from their bank accounts. Ten banks are already live with […]
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Federal Reserve System and Business Payments Coalition Announce Two Industry Efforts to Propel B2B Payments Toward Modernization

“The Federal Reserve and the Business Payments Coalition (BPC) today announced 73 organizations have joined an industry effort to stand up an operational pilot exchange framework to enable businesses of all kinds to exchange electronic invoices (e-invoices). Another 42 organizations will strive to assess whether a similar exchange framework can facilitate electronic delivery of remittance […]
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TD Bank Adds Free Invoicing Function to Its Business Simple Checking Accounts To Help Small and Micro Businesses Get Paid Faster

“TD Bank, America’s Most Convenient Bank® announced today that it has expanded its collaboration with Autobooks to add invoicing as a feature to its TD Business Simple Checking, making it easier for Small and Micro Businesses to process invoices and get paid faster. With this collaboration, TD Bank is one of the first major financial institutions […]
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BofA Advances Global B2C Payments With “Recipient Select”

“Bank of America has launched a new solution, which enables companies with frequent payments to consumers to provide their beneficiaries with the ability to choose how they want to be paid. Called Recipient Select, the solution addresses complexities that companies grapple with related to the growth of business-to-consumer payments, including the proliferation of consumer payment options […]
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Spreedly Adds Ability to Access Stripe Via Its Connect Platform

“Spreedly, the provider of the leading Payment Orchestration platform, today announced that as part of its partnership with Stripe, Spreedly customers are now able to seamlessly onboard to Stripe. Stripe Connect, will enable the adoption of advanced fraud fighting features and other value-added services. This opportunity for joint customers is available as part of the […]
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Oracle Textura Now Manages Payments for Construction Projects Valuing $1 Trillion

“Oracle Textura Payment Management Cloud Service has now been used to manage subcontractor payments on construction projects valuing $1 trillion . This milestone represents work on more than 78,000 projects since Textura first launched in 2006. Today, the system is helping general contractors, owners, and subcontractors of all sizes improve efficiency and mitigate payment and compliance risk […]
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Digital River Launches Payments, Taxes, Fraud and Compliance App for Lightning B2B on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

“Digital River , an experienced global ecommerce enabler for established and fast-growing brands, today announced it has launched its own integration with Salesforce Commerce Cloud on Salesforce AppExchange, empowering users to integrate Digital River’s comprehensive checkout solution with Salesforce. The new app allows B2B merchants to combine Salesforce’s powerful commerce capabilities with Digital River’s merchant […]