Tagged: virtual cards

January 20, 2023 @ 4:34 pm By Omar Faridi  |  

Grasshopper, the client-first digital bank built for the business and innovation economy, and Ramp, the first finance automation platform and corporate card designed to help businesses spend less, announce a partnership “to provide Grasshopper’s clients with access to Ramp’s platform, including its virtual and physical… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More

December 14, 2022 @ 11:06 am By Omar Faridi  |  

Extend, a virtual card and spend management platform, announced a partnership with HSBC (NYSE: HSBC), one of the world’s largest banking and financial services organizations. HSBC will offer Extend solutions “to its commercial card clients in the U.S. to help companies manage spending with the… Read More

December 8, 2022 @ 11:34 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ) has reportedly integrated Mastercard Track™ Instant Pay, which is described as a next-generation virtual card solution that “uses machine learning and straight-through processing to enable instant payment of supplier invoices.” Marqeta says it will “become the first processor to integrate with Track… Read More

November 30, 2022 @ 7:01 pm By Omar Faridi  |  

Sabre Corporation (NASDAQ: SABR) a software and technology provider that powers the global travel industry, and Conferma Pay, a global fintech firm that specializes in payment technology, announced a new partnership with Mastercard in orrder “to accelerate the use of virtual cards for business-to-business (B2B)… Read More

November 24, 2022 @ 10:24 am By Omar Faridi  |  

Síminn Pay, the “pioneering” fintech subsidiary of Iceland’s largest telco provider Síminn, has partnered with Enfuce, the European “leader” in providing turnkey card issuing, “to launch virtual credit cards tailored for Síminn Pay’s lifestyle app, enabling users to make seamless payments.” Founded in 2016, Síminn… Read More

November 19, 2022 @ 6:25 pm By Omar Faridi  |  

Paysend, the UK-based fintech, introduced Paysend Libre, which will “allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card.” The virtual card is ready “to use in minutes for cash… Read More

November 16, 2022 @ 9:27 pm By Omar Faridi  |  

Extend, a virtual card and spend management platform, announced a collaboration with Bank of the West, which has more than 600 branches and Commercial Banking Offices across the Midwest and Western United States. Bank of the West small and mid-size clients can “begin using Extend… Read More

August 28, 2022 @ 9:26 am By Omar Faridi  |  

NearPay, a crypto finance protocol, has officially launched virtual crypto cards and its Wallet for iOS and Android “to bring the modern digital banking experience to the world of crypto.” NearPay Wallet is now “available on all platforms, including Web, iOS and Android. With NearPay… Read More

August 22, 2022 @ 3:03 pm By Omar Faridi  |  

Banks using TSYS’ VPP now have “a powerful new spend management tool” thanks to Extend Enterprises, Inc. As noted in the update, charge volume on virtual cards is “expected to grow from $1.9 trillion to $6.8 trillion by 2026.” But perhaps more surprising is that… Read More

August 8, 2022 @ 11:58 pm By Omar Faridi  |  

Since 2020, and the recent global pandemic, digital commerce has seen “exceptional growth,” according to an update from Juniper Research. Although the impact of COVID-19 certainly forced an increase in online shopping and eCommerce usage, it is clear that it is “a continuing trend,” the… Read More

July 19, 2022 @ 2:24 pm By Omar Faridi  |  

X1 Card, the “smartest” credit card “ever made,” recently announced $25 million in Series B funding and will be “opening applications to the general public in the U.S. in the coming weeks.” The investment round has been “led by FPV Ventures, the new venture firm… Read More

May 27, 2022 @ 1:17 pm By Omar Faridi  |  

NAB has introduced a Buy Now, Pay Later (BNPL) solution that it says will not hit consumers with late charges, account fees or interest payments. The banking institution will reportedly allow clients to spend as much as $1,000 through a virtual credit card that’s embedded… Read More

April 30, 2022 @ 1:00 pm By Omar Faridi  |  

American Express Company (NYSE: AXP) has announced a collaboration with Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments firm, in order to “enable suppliers to streamline acceptance of American Express virtual cards.” With this integration, suppliers will have the ability “to automate… Read More

March 14, 2022 @ 11:17 pm By Omar Faridi  |  

Malaysia Debt Ventures (MDV), a subsidiary of the Minister of Finance (MOF) and dedicated tech financier, is reportedly establishing a pilot fund valued at RM500,000 to be invested through Funding Societies, a Southeast Asia-based SME digital financing platform. This move intends to reach underserved companies,… Read More

February 27, 2022 @ 11:37 pm By Omar Faridi  |  

Since the start of the Coronavirus crisis, both digital-service use and the digital market have grown significantly in Southeast Asia. According to the e-Conomy SEA 2021 Report by Google, Temasek, and Bain & Company, there are now around 350 million digital consumers in the region… Read More

January 26, 2022 @ 4:18 pm By Omar Faridi  |  

Silicon Valley Fintech Unicorn Brex and 1Password have teamed up to make online payments secure and a lot less frictionless. As mentioned in the announcement, 1Password clients may now use Brex virtual credit cards to “check out online with just two clicks.” Brex is a… Read More

January 13, 2022 @ 9:56 am By Omar Faridi  |  

Coupa Software (NASDAQ: COUP), a company specializing in business spend management, has announced a collaboration with HSBC under its Coupa Pay offering. Commencing with virtual cards, the collaboration will offer European firms with access to a quick, seamless, and secure way to manage payments as… Read More

November 7, 2021 @ 10:26 pm By Omar Faridi  |  

Hong Kong-based Currenxie, a cross-border payments platform, reveals that it has introduced a Visa card to offer businesses with a more convenient and secure way to  handle international  transactions. As mentioned in the announcement, the Currenxie Visa Business Card is presently available to the firm’s… Read More

October 26, 2021 @ 2:02 pm By Tony Zerucha  |  

Amount, a technology provider for financial institutions, and global modern card issuing platform Marqeta  (NASD:MQ) announced today a virtual card and loan origination partnership to help banks rapidly enter the buy now, pay later (BNPL) space. The partnership alleviates the digital tools gap that prevents… Read More