Tagged: virtual payments

August 5, 2022 @ 3:18 pm By Omar Faridi  |  

State Farm, the largest insurer of vehicles and homes in the US, announced the expansion of its Digital Pay solution to “include claim payouts delivered instantly into a customer’s PayPal account.” Through Digital Pay, claims can “be reviewed, approved, and paid digitally.” Customers can “choose… Read More

August 1, 2022 @ 9:52 pm By Omar Faridi  |  

Nexi announced a collaboration with Microsoft (NASDAQ: MSFT) intended to innovate virtual payments services and assisting with the digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across European markets via vertical value-added solutions in order to respond to specific requirements as easy to adopt… Read More

July 13, 2022 @ 11:08 pm By Omar Faridi  |  

French startup Qori has officially launched services, allowing Europeans to make payments in store, remotely or online with their bank or virtual currency wallets without being required to download a proprietary app. The “pay by bank” and “pay by crypto” tech is currently available to… Read More

July 8, 2022 @ 10:01 pm By Omar Faridi  |  

International payments Fintech, Till Payments recently announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, in order to integrate Alipay into its Education product offering while exploring the potential integration of other virtual payment methods offered by… Read More

July 1, 2022 @ 1:12 am By Omar Faridi  |  

One Inc, the virtual payments network for the insurance sector, announced that Union Mutual, a Vermont-based personal and commercial insurance company, has selected the One Inc Digital Payments Platform “to provide both inbound and outbound digital payments.” This is part of “an overall effort to… Read More

June 21, 2022 @ 8:04 pm By Omar Faridi  |  

Visa (NYSE: V), which claims to be the leader in virtual payments, recently announced the launch of its global She’s Next initiative in the United Arab Emirates in order to economically empower women entrepreneurs. The initiative has been introduced with assistance from First Abu Dhabi… Read More

June 15, 2022 @ 11:54 pm By Omar Faridi  |  

​Co-op Solutions and Constellation Digital Partners recently announced that the two credit union service organizations have established a task force of mutual customers to speed up the integration of Co-op digital apps into Constellation’s online and mobile banking platform. Gail Tofil, VP, Strategic Business Development,… Read More

June 15, 2022 @ 11:37 am By Omar Faridi  |  

After the appointment of Jason Levy to lead its Strategic Development and Partnership plans in the charity sector, digital payments provider PayPoint is launching PayPoint Donate. PayPoint Donate brings together a digital solution to offer charities and their supply partners with an integrated platform to… Read More

June 9, 2022 @ 8:00 am By Omar Faridi  |  

Ramp, the payments company making crypto accessible to everyone, has reportedly added Apple Pay as a payment option for its US clients in 36 states. As mentioned in the update shared with CI, the mobile payment option, “already available to consumers on Ramp in the… Read More

June 5, 2022 @ 10:40 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that Slack has become one of the “most popular” communication apps used in businesses today. As mentioned in a blog post by Razorpay, Slack is a digital workplace communication tool that “connects you to people and tools you work with.”… Read More

June 3, 2022 @ 8:17 am By Omar Faridi  |  

Bexs Pay, which claims to be a “pioneer” in offering cross-border transactions, has entered a partnership in order to provide Brazilian consumers with convenient access to global products and services. Bexs Pay will, from now on, be responsible for transfers via NuPay, which is Nubank’s… Read More

June 2, 2022 @ 1:07 am By Omar Faridi  |  

Visa (NYSE: V), a “world leader” in digital payments, announced that it is partnering with Fundbox, an embedded working capital platform for small businesses, to strengthen Fundbox’s platform “with the power of digital payments.” The first step in this collaboration “is the launch of the… Read More

June 1, 2022 @ 11:47 pm By Omar Faridi  |  

GCash, a Philippines based mobile wallet that’s operated by Mynt under Globe’s corporate venture builder 917Ventures, recently revealed that it now has more than 60 million registered users and over 5 million merchants across the country. As noted in the update, GCash stated that that… Read More

June 1, 2022 @ 2:22 am By Omar Faridi  |  

The use of EGov Pay, a system that supports virtual payments for government services in the Philippines, reports an increase of 467% in payment volume to more than 91,000 transactions at end of 2021 from about 16,000 transactions a year prior. This, according to the… Read More

May 31, 2022 @ 3:14 pm By Omar Faridi  |  

NatWest has introduced an API that allows commercial clients to embed Confirmation of Payee into their own systems and processes. Confirmation of Payee was launched across the United Kingdom’s banking sector in June 2020 in order to combat scammers and safeguard against user errors. The… Read More

May 30, 2022 @ 6:31 pm By Omar Faridi  |  

When you expect the “unexpected,” you can set your business up to “weather turbulent times,” according to an update from Adyen. If the past few years of the global pandemic have done anything, “they’ve proven that adage true.” When it became clear that the retail,… Read More

May 27, 2022 @ 8:36 am By Omar Faridi  |  

Clearpay, a key player in Buy Now, Pay Later payments known as Afterpay outside the United Kingdom and Europe, has made its in-store payment functionality available to SMBs across the UK’s high streets. By providing installment payments in-store, Clearpay is supporting them to drive more… Read More

May 21, 2022 @ 5:57 pm By Omar Faridi  |  

Lavu, a major global restaurant software and payments solution provider built by restaurant people, and Verifone, a global Fintech firm and payment solution provider to the world’s “best-known” brands, announced a cross-distribution partnership that “will seamlessly integrate Lavu’s all-in-one restaurant software suite with Verifone’s FLEX… Read More

May 12, 2022 @ 3:33 pm By Omar Faridi  |  

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

May 7, 2022 @ 1:35 pm By Omar Faridi  |  

NatWest Group has entered agreements with three payment providers – TrueLayer, GoCardless and Crezco – in order to offer Variable Recurring Payments (VRP) as “a new and convenient payment option for businesses and consumers.” This “industry first” means that NatWest Group will be the first… Read More