Payments News

On The Web

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Toast Launches Toast Capital To Help Restaurants Secure Loans

“Toast has launched Toast Capital so its customers can secure loans, with restaurant-specific quirks in mind, like “seasonality and restaurant profit margins,” according to Tim Barash , chief financial officer at Toast. Toast will offer loans between $5,000 to $250,000 to restaurants that already work within the Toast network.”
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Deals

Crypto Interest Platform Compound Lets Lenders Earn More Than 5%

“At a time when high interest savings accounts are languishing at an anemic 2%, Craig Hammell found a way to earn more than 8% this past summer. Instead of storing his money with a bank, the software engineer lent it out to cryptocurrency owners on Compound, an automated lending platform .”
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WordPress.com Sites Can Now Accept Subscriptions With New ‘Recurring Payments’ Feature

“The subscription model is today sustaining a number of businesses, including artists, creators , news publishers, game developers , entertainment providers and more. Now, top publishing platform WordPress.com is making it easier for any creator or web publisher to add a subscription feature to their own website, so they can begin to generate repeat contributions […]
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TfL Reports on Mobile Payments Adoption on London’s Transport Network

“One in five contactless payments on London’s public transportation network are now made using a mobile phone or other non-card device, Transport for London (TfL) has revealed. The information was made public following a Freedom of Information Act request which also asked TfL how the introduction of contactless bank card payments has contributed to reducing […]

On The Wires

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Brex Automates Corporate Credit Card Issuance With First-Of-Its-Kind Integration With Rippling

“Brex, the corporate credit card that accelerates entrepreneurs and scaling businesses, today announced a first-of-its-kind integration with Rippling, the all-in-one employee management system that centralizes payroll, benefits, computer, and app management for businesses. This integration makes Rippling the first HR platform that allows companies to automatically issue corporate cards to new employees as part of […]
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Discover and PayPal™ Collaboration Gives Cardmembers New Way to Redeem Rewards

“All eligible1 Discover cardmembers can easily pay with their Cashback Bonus or Miles using PayPal when they shop online and in apps2. Once cardmembers link their Discover card with PayPal, they can instantly redeem any amount of their rewards on eligible purchases at checkout. This latest feature stems from an ongoing collaboration between Discover and PayPal to give […]
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