Payments News

On The Web

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Providers

Digital investing platform for women, Ellevest, expands into banking

“Ellevest, a company whose focus has been on closing the gender investing gap by way of a financial planning service aimed at women, is today expanding into banking. The company this morning announced a new membership plan which encompasses one-on-one financial and career coaching, member-only workshops and guides, personalized investing plans, plus a no-fee debit […]
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Companies

Google to offer loans to merchants in India

“Google said on Thursday it plans to offer credit to millions of merchants in India through its Google Pay app starting later this year as the American technology group looks to help small businesses in the country steer through the pandemic and also find a business model for its mobile payments service. The company said […]
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Providers

FDIC Considers Scrapping Quarterly Bank Reports

“The Federal Deposit Insurance Corp. is moving to boost the way it monitors for risks at thousands of U.S. banks, potentially scrapping quarterly reports that have been a fixture of oversight for more than 150 years yet often contain stale data. The FDIC on Monday is expected to kick off a competition among 20 data […]

On The Wires

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Providers

NatWest Launches New Open Banking Payments Service

“Payit™ uses the Open Banking infrastructure to allow customers of UK banks to pay for products and services offered by retailers who use the service, which is targeted at mid to large corporate companies.Open Banking was introduced in 2018 by the CMA to allow licensed financial service providers to share customer data, and NatWest’s use […]
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Providers

GoCardless Named a Leader in ‘Payment Processing’ and ‘Subscription Revenue Management’ Software in G2 Grid® Product Ranking Reports

“GoCardless , the leading fintech for recurring payments, today announced that it has been included in three new G2 Grid Reports released this week. Based on the positive reviews it received from verified users, who compared GoCardless to similar SaaS-based payment processing offerings, GoCardless is positioned as a Leader in the Summer 2020 G2 Grid […]
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Companies

More Financial Freedom: SolarisBank and American Express Cooperate for Innovative Installment Product

“For the first time, members of a personal American Express Card in Germany will be able to use an installment option for card payments of EUR 300 or more. This is made possible thanks to a new cooperation with solarisBank. The technology company with a banking license has developed a new installment product “Splitpay”. This […]
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Providers

Galileo Instant Takes Aim at Growing 1099 Payment Landscape

“Galileo today announced the full launch of Galileo Instant, a frictionless solution for gig-economy, marketplace, ecommerce, fintech and other businesses that want the speed and convenience of creating debit cards through a single point of contact—Galileo. Using Instant, qualified businesses can launch their debit card programs as early as 14 days—start to finish.”
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Companies

New Research From PayPal Reveals How Americans Are Spending Credit Card Rewards In A COVID-19 World

“PayPal today released new research looking at purchasing behaviors of credit card rewards holders during the COVID-19 pandemic, revealing people around the country are turning to rewards balances to help them stretch their budgets (29%) and purchase the things they need most, such as groceries. However, with 39% of credit card rewards holders unaware of their rewards balances, […]