Payments News

On The Web

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When Bills Pile Up, Young People Turn to Strangers on Venmo

“The services frame themselves as tools that make it easy for their millennial and Gen Z user base to pay back a bar tab or split the cost of lunch. But some straddling tight budgets are also turning to payment apps as crowdfunding tools for bills, emergencies and the costs of daily life. Tweets linking […]
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PayPal Opens up Access to E-commerce Platform That’s Already Used by Instagram and Facebook

“PayPal is rolling out a new e-commerce platform that gives small businesses the same access to the online shopping infrastructure as tech giants like Facebook. The new platform brings together existing parts of PayPal’s payments business — letting merchants accept money online and shoppers to check out through PayPal. It also opens up back-end systems […]
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Walmart Emphasizes Omnichannel With Canadian ‘Urban Superstore’

“Walmart will update an existing Toronto location with a new “Urban Superstore Concept” designed to meet the needs of young city-dwelling families. The location will feature tighter e-Commerce integration, more in-store technology and an improved product assortment, among other enhancements. One of the store’s key features is Fast Lane checkout technology, which leverages the My […]
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Line Teams up With Visa to Boost Its Mobile Payment Service

“The deal will see Line Pay become compatible with Visa’s 54 million merchant partner locations worldwide, boosting the service outside of its native Japan, where it has been pitched heaviest so far and where Line claims 80 million users. The tie-up will allow Line users to use the app’s payment system even where Line Pay […]

On The Wires

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Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Payments

“Today, Visa (NYSE:V) announced a new strategic agreement with Western Union (NYSE:WU), a global leader in cross-border, cross-currency money movement. Western Union will implement Visa Direct, Visa’s real-time1 push payments platform in an effort to bring speed and transparency to the process of sending money around the world. This collaboration reinforces Visa’s commitment to modernize how […]
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Forget OCR! Trustly Revolutionizes How to Pay Your Invoice

“Swedish FinTech company Trustly is pleased to announce the launch of its latest product, Pay Your Invoice, which simplifies and automates invoice payments. For consumers, it means they never have to think about OCR numbers ever again. For e-commerce merchants, it decreases administrative costs while letting them maintain ownership of the consumer relationship. With Trustly’s […]
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Buckzy Payments Announces Next Generation Real-Time Cross Border Payments Network for Financial Institutions

“While banking has evolved dramatically in the digital age, financial institutions have lagged when it comes to improving processes for cross border payments. Fortunately, Toronto-based fintech Buckzy Payments Inc. announces today its financial institutions network solution, enabling banks to offer next generation real-time cross-border payments capabilities to their customers.”
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Troovo Launches Travel Industry B2B Digital Payments Solution

“Troovo , the world’s leading digital B2B payments processing company for the travel industry, today announced the launch of a complete, end-to-end solution that will automate enterprise payments across any ERP system, credit card processor, bank or currency. Using its rules-based robotics process automation (RPA) technology, Troovo helps companies integrate their disconnected vendor payment systems, […]