Payments News

On The Web

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Domains

RBC Now Offers an Interac E-Transfer Bulk Request Money Feature

“RBC announced that it now offers an Interac e-Transfer Bulk Request Money feature to its business banking clients. The digital subscription-based service enables businesses to send multiple payment requests at once with automated reminders to save time. RBC says that this new feature delivers a simplified initiation process since payment reminders can be facilitated with […]
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Deals

Tradeshift raises $240M and appears to put its expected IPO on hold — for now

“What this new funding means it that Tradeshift is effectively delaying its IPO to get its “house in order” in the context of a new economic environment that has become skeptical toward tech IPOs in the wake of the WeWork debacle, which saw public investors cool toward new tech company listings. Although the company isn’t […]
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Domains

Startup Plies Niche Market in Foreign Trade Payments

“Indeed, as dividends in the business-to-consumer online sector begin to taper off, more e-commerce services are moving upstream into the burgeoning and more lucrative business-to-business sphere. A number of startups in the financial technology realm have been pioneers of this shift. In a contrast to fintech firms that specialize in risk assessment and control for […]
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Deals

Global Fintech As a Service Rapyd Partners With Dock & Banco Rendimento to Launch All-in-One Solution in Brazil

“Rapyd, a global B2B Fintech as a Service provider, announced on Monday it has partnered with major Brazilian payment providers, including Dock, a banking as a service technology company, Banco Rendimento, and other local partners to support cash, bank transfers, e-wallets, bill payments, debit and credit card transactions and issuing in Brazil through an all-in-one solution.”
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Deals

Ramp, a Brex and Amex Rival, Raises $25 Million for a New Corporate Card

“A new credit card startup is taking aim at American Express and other stalwarts that have long dominated corporate expense accounts. Ramp, a New York-based fintech firm whose founders sold their last venture to Capital One , has raised $25 million and signed up nearly 100 businesses to its card, the company announced Wednesday.”
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Domains

Chinese Supply Chain Payments Fell Sharply Amid Coronavirus Outbreak

“Tradeshift Inc., a San Francisco-based payments firm, announced that cross border and domestic supply chain payments in China fell by more than half in mid-February following the coronavirus outbreak. The data shows that trade activity in the region fell by 56% during the week of February 16th, following steady declines related to coronavirus. The report also […]
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Companies

Lawsuit Alleges PNC Built Payments Product with Stolen Trade Secrets

“About a year ago, PNC Financial Services Group launched an online portal that’s designed to eliminate paper-based payments for companies in the middle of a merger or acquisition. PNC Paid is part of a suite of corporate finance products and services that the Pittsburgh company offers and has described as being unique in the banking industry. But […]

On The Wires

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Domains

Paystand and JCB Sign Initial Agreement to Build B2B Payment Solution for $10 Trillion Japanese Market

“Paystand , the fastest growing blockchain-enabled commercial payments platform, today announced it has entered into an initial agreement with JCB Co., Ltd. to provide the first end-to-end digital payment platform for Japanese enterprises and JCB customers. The proposed solution addresses an enormous gap in the current B2B payment market in Japan and gives the corporate […]
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Deals

WEX Signs Definitive Agreement to Acquire ENett and Optal

“WEX (NYSE: WEX), a leading financial technology service provider, today announced that it has entered into a definitive agreement to purchase eNett, a leading provider of B2B payments solutions to the travel industry and Optal, a company that specializes in optimizing B2B transactions, for a total consideration of approximately $1.7 billion, including approximately $1.275 billion […]