Payments News

On The Web

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Domains

Venmo Curbs Visibility on Payments So Strangers Can’t See Them

“Venmo is ditching its global social feed, making it so users can no longer see payments between people they don’t know. The app, owned by PayPal Holdings Inc. , will continue to allow users to see transactions among their friends, according to a blog post Tuesday. The move comes after Venmo has seen its customer […]
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Domains

New EU Tax Rules Stand to Stimulate Cross-border Payments for U.S. Merchants

“Online cross-border payment technology is opening new markets for e-commerce firms and new shopping options for consumers — but the European Union’s tax system hasn’t kept pace, creating compliance headaches for U.S. digital merchants and confusing bills for customers on the Continent. In an attempt to fix that problem, the European Commission has simplified its […]
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Domains

Facebook’s Making Facebook Pay Available As a Payment Option on Third Party Websites

“Starting this August, businesses in the US who use participating platforms will have the ability to enable Facebook Pay as a payment option directly on their websites, giving their customers the ability to speed through checkout without having to re-enter their payment information. We’re starting the rollout with Shopify merchants and expect to expand availability […]

On The Wires

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Domains

NMI and J.P. Morgan Collaborate to Expand Card-Present Payments Offering in Europe

“NMI , a leading global payments enablement technology company, and J.P. Morgan , the No. 1 acquirer of web transactions in Europe* for the sixth year running, will utilize NMI’s portfolio of retail, mPOS, unattended and tap to mobile technologies to serve J.P. Morgan customers in a selection of European countries…NMI’s broad range of payment […]
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Domains

Payveris’ New Real-Time Money Movement Solution Optimizes P2P Services to Meet Growing Consumer Demand

“Payveris, the fastest-growing money movement provider in fintech, announced today that its MoveMoney Platform now delivers a real-time P2P solution that rivals Zelle, Venmo, PayPal, and Cash App.  The new service enables financial institutions’ customers to instantly send money to anyone with a U.S. bank or credit union account using the recipient’s mobile phone number […]
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Deals

Bill.com to Acquire Invoice2go, a Leader in Accounts Receivable Software for Small Businesses

“Bill.com (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today it has signed a definitive agreement to acquire Invoice2go in a stock and cash transaction valued at approximately $625 million. Invoice2go is a leading, mobile-first accounts receivable (AR) software provider […]
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Domains

TravelPerk Partners With Divvy to Bring Best in Class Travel and Expense Experience to U.S. Business Travelers

“TravelPerk , the largest global business travel management platform, announced today a new partnership with Divvy , the leading spend and expense management platform to bring the best business travel and expense management experience on the planet. Through the collaboration, TravelPerk becomes Divvy’s primary travel partner, providing employees of small and midsize businesses (SMBs) with […]
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Domains

Launching SMART Disburse – A Fast Way to Pay Suppliers & Individuals

“Transcard, a leading provider of payments and technology solutions, announced today the launch of its SMART Disburse platform which enables businesses, banks, and Fintechs to easily pay suppliers and individuals using any payment type or payment rail. Innovative unified solution combines multi-rail payment capabilities, seamless integration with any ERP, legacy software or bank API layer, […]
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Domains

Billtrust Expands Accounts Receivable and Integrated B2B Payments Capability With KONE Inc.

“Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announces KONE Inc., a leader in the elevator and escalator industry, will now be using Billtrust’s Invoicing platform and Business Payments Network (BPN) in Canada, enabling the company to send more invoices electronically while positioning them to accept digital payments through their preferred […]
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Domains

QuickBooks Introduces New Hardware to Enhance Mobile Payments Offering for Small Businesses

“As the consumer shift to contactless payments becomes permanent, Intuit (Nasdaq: INTU) QuickBooks is introducing QuickBooks Card Reader, a new innovative payments device designed for today’s small business owners. Integrated with QuickBooks Payments, which processes more than $65 billion in volume annually, the card reader is the latest fintech offering to help small businesses get […]