Payments News

On The Web

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Domains

Gusto And Xero Partner For Payroll Playtime

“The alliance will involve a deeper technical integration of the two platforms that is expected to be completed by early 2019. The new service for SME owners and accountants will provide a single sign-on enabling access to Gusto accounts using Xero credentials, automatically updated cash flow management, and the ability to provide permissions to trusted […]
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Companies

Airbnb Tests Earlier Payouts For Hosts

“Airbnb is testing a new payments feature for hosts, letting them get partially paid out at the time of booking. This feature isn’t rolling out to everyone just yet, as Airbnb says that this is just a preliminary test to gauge interest. Invited hosts simply opt in to payout splitting to check out the feature. Here’s […]
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Domains

Instacart Rolls Out an Instant Cashout Feature for Shoppers

“Instacart is today launching a new feature aimed at allowing shoppers to access their earnings more quickly, the company announced this morning. Instant Cashout, as the option is called, was built in partnership with payments platform Stripe and is being made available to shoppers in-app for instant transfers to a debit card. Previously, workers would […]
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Domains

Among Businesses, A Wider Array of Payouts to Consumers Is Gaining Attention

“Consumer-payments services are starting to garner attention among businesses, with 76% of banks having corporate customers asking for automated business-to-consumer payment services. That’s the word from Bottomline Technologies Inc. in its 2019 B2B Payments and Working Capital Management Strategies Survey, released this week. They survey of more than 300 financial professionals across North America and […]

On The Wires

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Companies

PayPal Significantly Enhances Global Payout Capabilities With Acquisition Of Hyperwallet

“PayPal Holdings, Inc. announced today that it has agreed to acquire Hyperwallet, a leading global payout platform, for $400 million in cash, subject to certain adjustments. The acquisition of Hyperwallet enhances PayPal’s payout capabilities, improving the company’s ability to provide an integrated suite of payment solutions to ecommerce platforms and marketplaces around the world. According […]
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Domains

Rapyd To Waive FX and Processing Fees in an Effort to Help Consumers Receiving Payments During COVID-19

“Rapyd, a global Fintech as a Service company, announced today that it will be waiving foreign exchange and processing fees on the first US$100,000 in total processing volume for new businesses in the U.S., Brazil, and Mexico that use the platform.  Rapyd is helping to support businesses by reducing costs, which will allow them to pass on the savings to […]
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Domains

Rapyd Disburse Launches With Expanded Global Payout Features, Supports Gig Economy and Marketplace Growth in Changing Economic Environment

“Rapyd, a global Fintech as a Service company, announced today a major expansion of Rapyd Disburse, an industry-leading mass-payout platform. The company has made significant investments in the Rapyd Global Payments Network in Europe and the Americas, and now offers more payout methods in Asia than any other payout platform. A simplified user interface for clients to onboard is […]
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Domains

KyckGlobal to Expand Real-Time Push Payments in U.S. Marketplaces With Visa Direct

“KyckGlobal announced a collaboration with Visa to expand the availability of ‘push payments’ in the U.S. commercial sector. Push payments allow for the sending of money directly to a recipient, typically to a consumer or small business debit or prepaid card. KyckGlobal provides a cloud-based platform that powers funds disbursement across a broad array of payment types, […]
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Domains

Tipalti Enables Seamless, Automated Payments for Video Game Companies As Their Popularity Increases

“Tipalti, the leading global payables automation platform, today announced it has successfully streamlined mass payments and AP capabilities for several gaming customers including DLive, a live streaming platform, Gen.G, a leading esports operation, and Holy Fire Games, an independent PC game developer. With many people staying home amid COVID-19, the gaming industry has seen increased […]