Payments News

On The Web

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Companies

HSBC to offer Paypal as global disbursement option for corporate clients

“PayPal’s strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers. The HSBC disbursements business already allows customers to reach beneficiaries globally in 136 currencies through domestic and international payment schemes while also enabling the status of […]
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Beyond P2P: As Rival Venmo Moves In-Store, Zelle Eyes a Big Move on Disbursements

“Of the more than 100 financial institutions that have joined Zelle, seven have so far signed up for business-to-consumer payment processing, including banking behemoth Bank of America Corp. Among organizations using the service are Allstate Insurance Co. and the American Red Cross. Zelle, which is operated by the bank-owned, Scottsdale, Ariz.-based Early Warning Services LLC, […]
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Workers in Japan to be able to receive salaries via smartphones

“Japan plans to let businesses pay their employees with electronic money, such as via smartphone apps or payroll cards, a move expected to help foreign workers who lack bank accounts. The Ministry of Health, Labor and Welfare will make the necessary legal amendments as soon as next year, pushing the country one step further into the cashless age.”
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On The Wires

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Ingo Money QuickConnect Maximizes Visa Direct Integration for Push-to-Card Payments

“Instant money company Ingo Money today launched Ingo Money QuickConnect, a new turnkey solution that allows any company issuing disbursements to customers to quickly and easily begin offering push-to-card payments through Visa Direct. Designed to help merchants, corporations, banks and others accelerate the deployment of Visa Direct-powered real-time corporate disbursements, the new solution includes: bank sponsorship, user […]