Payments News

On The Web

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USPS Is Trying Out a New Business, Which Could Transform How Millions Access Cash and Pay Bills

“The U.S. Postal Service quietly began offering paycheck-cashing services at several East Coast post offices last month, testing a plan that financial experts say has the potential to transform how low-wage and underserved Americans access their money.  Postal customers can now redeem paychecks in Washington, Baltimore, Falls Church, Va., and the Bronx, for Visa gift […]
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Users

Robber Adds HK$5,000 Onto His WeChat Pay at 7-Eleven

“A man armed with a knife robbed a convenience store in Tsim Sha Tsui, but instead of grabbing the cash he added HK$5,000 onto his WeChat Pay HK account.  The man who is around 30 years old broke into a 7-Eleven at Mody Square in Tsim Sha Tsui East with a knife at around midnight […]

On The Wires

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Plastiq Launches Plastiq Pay to Help SMBs Navigate Through Skyrocketing Inflation Rates

“Today, Plastiq , a rapidly growing Kleiner Perkins-backed fintech for Small and Medium Businesses (SMBs), announced the launch of its next generation product – Plastiq Pay. Plastiq Pay helps SMBs improve their cash flow at a time when inflation is threatening their very survival, saves teams precious time otherwise spent manually managing vendor payments, and connects […]
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Raistone Teams Up With Mastercard to Accelerate Working Capital Payments for Small- And-Medium-Sized Businesses

“Raistone today announced a collaboration with Mastercard set to simplify business-to-business (B2B) finance payments and speed up access to working capital for small- and-medium-sized businesses (“SMBs”). Using Mastercard’s virtual card technology, Raistone will tap into secure payment innovation to streamline finance approval processes that can exclude SMBs from accessing essential funds needed to sustain and […]
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JPMorgan Chase Launches Diverse Supplier Grant Initiative to Address Barriers to Opportunity for Underrepresented Businesses

“JPMorgan Chase (NYSE: JPM) launched the Diverse Supplier Grant Initiative, a program aimed at providing Black-, Hispanic-, and Latino-owned businesses with the access to capital they need to secure corporate contracts. Small and diverse businesses often find it cost-prohibitive to meet industry requirements like cyber security, insurance, and bonding when bidding for new corporate business.”
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Uber and Visa Announce Grants For Growth Program, Providing $1 Million in Grants and Resources to Support Small Businesses

“Uber (NYSE: UBER ) and Visa (NYSE: V ) today announced Grants for Growth, a program that will provide $1 million in grant funding to small businesses in 10 U.S. cities that are currently active on Uber Eats. The program will be administered by Local Initiatives Support Corporation (LISC). Focused on restaurant recovery and entrepreneurship, the program […]
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Intuit QuickBooks’ Integrated Small Business Bank Account Is Now QuickBooks Checking

“Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, today introduced QuickBooks Checking . First launched in 2020 as QuickBooks Cash, QuickBooks Checking has transformed business banking into an active money-management hub that delivers greater cash flow predictability and financial control for small businesses.”
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Tech

Intuit Introduces Money by QuickBooks, Mobile Banking Designed for Small Businesses

“Intuit (Nasdaq: INTU) today announced Money by QuickBooks , the latest addition to a comprehensive and ever-expanding suite of QuickBooks offerings that power small businesses with the ability to get paid and manage their cash flow. The Money by QuickBooks mobile app available for free on iOS and Android is designed to give entrepreneurs, freelancers and sole […]