Transactions: Citi, Walmart launch digital lending for suppliers
Citi is partnering with retail giant Walmart to offer digital lending platform Bridge, that will connect the retailer’s 10,000 U.S.-based small business suppliers with lenders. The $1.7 trillion bank...
View ArticleGoldman Sachs Transaction Banking launches 3 innovations
Goldman Sachs Transaction Banking is focused on eliminating friction in the global payments space, including user experience, onboarding and accessibility. The $1 trillion bank identified three areas...
View ArticleFintech Rippling moves to JPMorgan Chase from SVB
Payroll provider fintech Rippling, formerly a Silicon Valley Bank client, has moved to JPMorgan Chase as SVB collapsed late last week. The San Francisco-based startup already was in the process of...
View ArticleOpenAI Partners With Payment Firm Stripe to Monetize ChatGPT
OpenAI will use Stripe Inc. to take payments and subscriptions for its artificial intelligence tools ChatGPT and Dall-E, which it’s trying to monetize after capturing the public imagination. The firm,...
View ArticleTransactions: Cross River Bank teams with Pay.com on payment platform
Cross River Bank is launching an encompassing payment platform called X-Pay alongside online payment company Pay.com to streamline several business payment functions. The $9.2 billion Ft. Lee,...
View Article50% of social media users will utilize embedded payments in 2023
E-commerce and embedded payments continue to gain popularity as millennials and Gen Z consumers look to social media for shopping experiences — and banks must meet their customers where they are...
View ArticleListen: Streamlining to avoid friction and other payments pain points
In a world of instant gratification, consumers expect this of payment processes — and technology can help. Bonita Springs, Fla.-based payments company ConnexPay addresses pain points in the payments...
View ArticleTop 4 payments trends for 2023
Payments technology and the ability to facilitate real-time payments is top of mind for many financial institutions as the U.S. government’s real-time payments service FedNow is set to launch in July....
View ArticleTransactions: Visa to offer payment interoperability with PayPal, Venmo
Visa is teaming up with PayPal and Venmo for its new Visa+ service to allow customers to move money between more person-to-person digital payment apps. The Visa+ pilot uses personalized payment...
View ArticleListen: Financial institutions prep for FedNow July launch
The U.S. federal government’s instant payment service network FedNow will launch in July, triggering financial institutions and tech providers to come together to prepare operations for the new payment...
View ArticleTransactions: Lloyds Bank launches payment service
Lloyds Bank launched PayMe, a payment transfer service developed in partnership with fintech Bottomline Technologies. PayMe, which launched Tuesday, allows businesses to send payments when the...
View ArticleFiserv preps clients for FedNow launch in Q1
Tech provider Fiserv started prepping select clients for the July launch of the Federal Reserve’s real-time payment network, FedNow, in the first quarter. “With the launch of FedNow, we’ll help...
View ArticleTransactions: Santander offers early paydays via DailyPay
Santander Bank tapped earned wage access fintech DailyPay to offer its commercial banking clients an on-demand payment method. Earned wage access (EWA) is a benefit that Santander commercial clients...
View ArticleTransactions: US Bank brings embedded payments to PaperTrl
U.S. Bank is offering embedded payments capabilities to accounts payable automation software solution PaperTrl. The bank launched Instant Card in 2020 — a payment method for its business clients to use...
View ArticleApple focuses on payments services
Apple increased revenue in its payment services in the second quarter ending April 1 as the tech giant focused on its savings account; buy-now, pay-later service; and payments software offerings. Apple...
View ArticlePayPal looks to AI to drive efficiencies
PayPal focused on operational efficiencies in the first quarter as AI presented opportunities for the company to save money and improve workflows. During the quarter, PayPal reduced its technology and...
View ArticleCitizens invests in Citizens Pay
Citizens Financial Group is making innovations based on customer value to ensure that its technology investment serves specific needs. “Innovation needs to start from the customer. What’s the need...
View ArticleReady, set, pay: Prepping for FedNow
The launch of FedNow is finally around the corner and it’s been a long time coming, industry experts told Bank Automation News. “The launch reflects an important milestone in the journey to help...
View ArticleTD Bank invests in credit card solutions, digital experiences
TD Bank is investing in its digital experience as the bank upped tech spend in the first quarter and launched two new credit cards in May. The Cherry Hill, N.J.-based bank introduced monthly...
View ArticleMercantile Bank to offer real-time B2B payments
Mercantile Bank is using a new instant payments manager from digital banking fintech Q2 to assist with facilitating real-time payments for business-to-business transactions via The Clearing House and...
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