With 49 million active users and a record $52 billion inflows — including an increase in direct deposits — Cash App is looking more and more like a big, multi-featured, traditional bank than the mobile peer-to-peer payments system it began nearly ten years ago. And this is exactly what Block co-founder and chairman Jack Dorsey…
Banco Latinoamericano de Comercio Exterior (Bladex) has announced its involvement in the trade finance platform of Swiss FinTech Komgo. Bladex said in a press release that it is the first Latin American bank to join the Komgo platform, which enables businesses to exchange verified messages and conduct transactions. The new collaboration, according to the bank,…
Shieldpay, a B2B payment technology firm, has partnered with eCommerce payment platform Checkout.com to provide access to Shieldpay’s payment engine and digital escrow capabilities. Shieldpay’s digital escrow solution will allow Checkout.com customers to store funds in secure accounts until both the buyer and seller are satisfied that the parameters of the transaction have been met….
As customers rush to the aisles and decide to shop in-store, businesses must keep them engaged long enough for the browsing to transform into purchasing. One important method to do so is for retailers to create a tailored experience in-store, where relevant offers are extended in real-time. Offering additional payment methods also strengthens the consumer…
Finexio, a B2B accounts payable (AP) Payments-as-a-Service (PaaS) startup, recently closed a $35 million Series B investment that was oversubscribed in order to meet the rising demand for electronic payment capabilities. According to a press statement, J.P. Morgan was the lead investor in the round, with support from Patriot Financial Partners, a previous investment, and…
This week, UK Exports Minister Marcus Fysh will go to Thailand with a delegation of 18 British companies to demonstrate innovative methods of providing quality education. They provide artificial intelligence, real-time data, teacher training, and language learning services. BETT Asia, Asia Pacific’s largest EdTech conference, will be attended by the group. Participants will hear from…
Pat Dillon, the chief financial officer of Flock Freight, is well aware of the inefficiencies plaguing the freight sector: semi-empty trucks drive up costs for companies that depend on trucks to continue in business and drain money from owner-operators. The problem is caused by notoriously convoluted financial movements. Since its inception, the trucking business has…
Users are able to link their Visa card to the ShopNEXT app using the card-linked capability of the Visa Offers Platform. The software can then follow their card payment transactions and promptly reward them with tokens thanks to the VisaNet electronic payments network, according to the press announcement. According to a press release from Visa,…
Someone calling themselves a bank employee called a customer. The representative said that they had learned that a bank employee intended to access the customer’s account. Together, they could catch this thief, but the representative would need the customer’s help, and the best way for him to aid in this sting operation was to move…
According to a press release, PayStand, a blockchain-enabled B2B payment firm, has announced many updates to its Sage Intacct integration to increase cash velocity and add additional automation. A virtual terminal, multiple invoices, automatic collections, support for numerous entities for merchants, autopay, and other features are among the upgrades. The PayStand and Sage relationship resulted…
