Payments News

On The Web

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TikTok Launches New Tips Feature Powered by Stripe

“Creators who meet the minimum follower requirements can now receive tips from viewers, opening up a new way to make money. TikTok is turning up the thermostat in the content monetising space with a new tips feature for creators. Users in some parts of the world will now be able to directly tip their favourite […]
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Supply Chain Crunch Sparks Demand for Cutting-edge Payments Services

“Bank of the West, Swift and SAP are among the entities offering customers real-time processing, short-term loans and virtual cards that could ease their financial strains. Bank of the West, in San Francisco, last week officially rolled out a product it had been testing called TreasuryNow. It centralizes treasury management products in an effort to […]

On The Wires

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Marqeta Partners With First National Bank of Omaha to Expand Ecosystem of Credit Partners

“Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced a partnership with First National Bank of Omaha (FNBO), expanding its ecosystem of partners that enable its customers to launch modern credit card programs. Consumer demand for credit cards has increased substantially this year, compared to during the height of the pandemic, with banks […]
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Mastercard Partners With City of New Orleans and MoCaFi to Announce ‘Crescent City Card’ Program

“New Orleans Mayor LaToya Cantrell was joined by executives from Mastercard, Mobility Capital Finance, Inc. (MoCaFi), and Forward Together New Orleans to announce the Crescent City Card Program. The program involves of a series of initiatives and products to offer financial inclusion, access to emergency disbursements, incentives to drive economic growth, empower underbanked residents, and […]
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Flexbase Announces First-Ever Credit Card for Construction Industry

“Flexbase , the automated payment platform for contractors and the construction industry that delivers faster and more efficient payments, today announced the first-ever credit card specifically for construction companies, targeting small- and mid-sized businesses (SMBs). Flexbase Card is available immediately nationwide, offering up to 60 days interest-free credit and numerous other benefits.”
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Daimler Mobility and Visa Form Global Technology Partnership to Integrate Digital Commerce Into the Car Seamlessly and Conveniently

“As a result of a new global technology partnership between Daimler Mobility and Visa, Daimler will offer “native” in-car payments. This means that entering passwords or relying on mobile devices for payment authentication may soon be a thing of the past as the vehicle itself becomes a biometrically enabled payments device, thanks to Visa’s Delegated […]
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Valley Bank Launches New Digital Payment App for Cannabis Industry

“Valley National Bank , a subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that it is creating a new digital payment platform designed specifically for cannabis-related businesses. Valley Pay, Valley’s new digital payment solution, will migrate cash usage to a secure, web application, easing the burden on cannabis operators who are reliant on cash transactions […]
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Modern Treasury Launches Virtual Accounts to Streamline Payment Reconciliation

“Modern Treasury , a payments operations software platform, today announced its Virtual Accounts product to make it easy for companies to quickly and accurately track and reconcile payments at scale. The launch of Virtual Accounts further solidifies Modern Treasury’s leadership in enabling companies to modernize, automate and accelerate payments.”