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March 29, 2022

On the wires

Payfare Expands Collaboration With Visa in the U.S.

“Payfare Inc. (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced the expansion of its collaboration with Visa in the U.S. After obtaining its Visa Ready for Fintech Enablers certification and expanding its platform with Visa SavingsEdge in 2021 , Payfare will now add Visa Direct 1 to its platform to help facilitate real-time2 payout experiences for gig workers.”

February 3, 2022

On the wires

Verituity Joins BNY Mellon’s Accelerator Program to Develop Solutions to Offer Faster, Smarter, Verified Payouts

Verituity has joined BNY Mellon’s Accelerator Program to work towards providing faster, smarter, verified payout solutions with the goal of setting a new industry standard in payments technology. BNY Mellon’s Program seeks out the best emerging technology companies around the globe and collaborates with them on next-generation solutions that will address emerging business challenges.”

February 2, 2022

On the wires

Nium and FINCI Announce Partnership to Strengthen Payment Services Internationally – Nium

“Today, fintech company FINCI announced a partnership with global payments and cards issuance leader Nium , that will leverage Nium’s competitive FX rates and extensive pay-out network in strategic markets across the APAC and EMEA regions. The collaboration will enable real-time payments to new markets and improve services to existing regions for FINCI’s individual and business customers.”

November 19, 2021

On the wires

Adobe and Mastercard Solutions Accelerate Digital Payouts | Adobe

“Today, we are announcing the availability of an integrated solution that combines e-signature workflows, powered by Adobe Sign , with instant payment capabilities from Mastercard Send, a payments platform that enables people and organizations to send and receive money in near real-time, domestically and cross-border. The solution enables an end-to-end digital document workflow that includes secure online forms, identity verification, automated document routing for approvals, e-signatures, and instant payments — at a fraction of the cost of paper-based processes and printed checks.”

November 8, 2021

On the web

Tipalti Launches a Prepaid Debit Card to Help Facilitate Payroll for the Unbanked

Digital Transactions

“Payables-automation company Tipalti Inc. is partnering with Intercash, a provider of prepaid card solutions, to offer Mastercard-branded prepaid cards in 192 countries, including Latin America and Southeast Asia. Tipalti views the cards, which are available to the general public, as a way for businesses to pay unbanked and underbanked workers by depositing payroll funds directly to the cardholder’s prepaid account. In turn, that makes the cards an attractive payment option for companies that rely on partners in countries with limited financial infrastructure, the company says.”

October 11, 2021

On the wires

Nuvei Expands Digital Payouts in the U.S. With Visa Direct

“With Visa Direct, Nuvei’s clients will be able to provide fast payout capabilities to their customers, with transactions routed and processed in near real time. The expansion of Nuvei’s offering with Visa Direct to the U.S. marks an exciting milestone as part of the Company’s goal to deliver the latest payment innovations at a global level.”

July 16, 2021

On the wires

Launching SMART Disburse – A Fast Way to Pay Suppliers & Individuals

“Transcard, a leading provider of payments and technology solutions, announced today the launch of its SMART Disburse platform which enables businesses, banks, and Fintechs to easily pay suppliers and individuals using any payment type or payment rail. Innovative unified solution combines multi-rail payment capabilities, seamless integration with any ERP, legacy software or bank API layer, and automatic data reconciliation.”

July 13, 2021

On the wires

RealPage Announces New Prepaid Debit Card Solution

“RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, announced today the launch of a new prepaid Mastercard® debit card solution designed to modernize the funds distribution systems within the real estate industry. This first-to-market service will transform the way properties provide refunds, reimbursements and incentives or rewards to their residents, while reducing operating costs and addressing obstacles around cumbersome and expensive paper-based payments practices.”

July 7, 2021

On the web

An App Emerges for Fast Payments to a Fast-Growing Base of Freelance Workers

Digital Transactions

“As the gig economy grows, startups are emerging to meet an expanding market for payment. An especially ambitious example is Willa Inc., which on Wednesday announced an $18-million Series A funding round led by FinTech Collective and including sums from existing investors EQT Ventures and Entrée Capital. The Ventura, Calif.-based startup says it will use the funds to expand its user base to include what it says is a waitlist of more than 150,000 independent workers. It also plans to introduce a debit card for its clients’ use later in the year.”

June 23, 2021

On the wires

Loadchief, Velo Payments Team Up to Transform Last-Mile Delivery Payments

“Two platforms that are transforming the on-demand economy, Velo Payments and Loadchief, today announced a new partnership to modernize driver payments in the final-mile delivery marketplace. The agreement will offer the most flexible and easiest-to-use payment service for delivery companies to compensate independent drivers. Loadchief connects delivery companies with professional, independent drivers to provide contract delivery services. With Loadchief, companies can post delivery work to the marketplace and only credentialed drivers matching their job requirements can accept the work. In doing so, the system brings a higher level of performance to the last-mile delivery sector.”

June 11, 2021

On the wires

BofA Expands Its Digital B2C Payment Offerings With Pay to Card

“Bank of America is adding a new payment solution to its suite of business-to-consumer (B2C) payment capabilities. Named Pay to Card, the solution supports corporates’ growing need to pay consumers quickly and digitally by depositing funds directly into an individual’s or small business’ bank account. Pay to Card leverages the details of a bank card (excluding credit cards) associated with an account to process the transaction.”

June 7, 2021

On the web

PayPal Taps Into the NPP for Instant Transfers to Bank Accounts


“PayPal has introduced a new feature enabling transfers from PayPal balance to domestic bank accounts and Visa debit cards within one minute. The feature uses the New Payment Platform (NPP) through PayPal’s partnership with the National Australia Bank (NAB) and Visa’s real-time payments platform, Visa Direct. It is available for transfers as low as $2 with maximum transfers dependant on individual consumer history. Through Visa Direct, the feature also allows users to send domestic instant transfers to eligible Visa debit cards.”

May 17, 2021

On the wires

Nium Launches Global Payments Solution for Maritime Companies

Nium, a leading global payments platform, today announced the launch of its maritime payments solution, aimed at digitising the payments experience for shipping companies, their management, seafarers, and their families. The Nium maritime payment solution leverages the company’s global licence network and integrated technology stack to enable real-time payroll disbursements, vendor payments, eWallet services, and remittances.

May 11, 2021

On the wires

Fiserv and State Farm® Speed Fire and Auto Claim Payments With Digital Payout Solution

State Farm , the largest insurer of cars and homes in the nation, is accelerating the claims payout process for customers with technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. State Farm is incrementally deploying digital payout technology from Fiserv, which will enable the company to offer customers speed and flexibility in how they receive auto and fire claim payments. With the launch of Digital Pay, claims that have been reviewed and approved can be paid digitally. If a claimant opts for a digital payout, funds can be received in their personal account in a matter of seconds – and disbursed via the payment method that best suits their needs, including to a debit card or directly to their bank account.”

May 4, 2021

On the wires

Payoneer Announces Agreement With eBay

“Payoneer, the global payment and commerce-enabling platform which powers growth for millions of digital businesses worldwide, announced today that it is collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace. eBay has teamed up with Payoneer as part of its mission to modernize its marketplace, removing complexities and creating a more streamlined payment experience for sellers around the world. With the help of Payoneer, eBay sellers will benefit from faster access to funds, greater flexibility managing multi-currency payments and expanded reach by enabling sellers to list on multiple international eBay sites.”

April 28, 2021

On the wires

Visa and Airbnb Partner To Get Hosts Paid Faster With Visa Direct

“Visa (NYSE:V), the world’s leader in digital payments, and Airbnb (NASDAQ: ABNB), a leading online marketplace for lodging and experiences, today announced Airbnb Hosts in select markets will be able to access their earnings more quickly. Through Airbnb’s use of Visa Direct[1], Visa’s real-time[2] push payments platform, Hosts will have an option to move money from Airbnb to a bank account associated with an eligible Visa debit card.”

April 27, 2021

On the wires

Mazooma and Fifth Third Bank Are the First to Bring Instant Withdrawals to the $150B+ U.S. Sports Wagering and IGaming Markets

“A partnership between Mazooma, the gaming industry leader for bank account-based payments, and Fifth Third Bank, N.A. is bringing real-time withdrawals to sports wagering and iGaming industries through the RTP® network from The Clearing House. The offering, now live for all of Mazooma’s operators, enables players to receive payouts immediately into their bank accounts, safely and securely, 24/7/365. Immediate payouts are a win-win for both players and operators. Players enjoy peace of mind with the option to access their winnings instantly. For the gaming operator, real-time withdrawals offer a better user experience than any other payment method available.”

April 21, 2021

On the wires

Citi Taps Mastercard Send to Expand Payment Exchange Capabilities for Clients in the U.S.

“As the demand for quick, secure, and easy digital payments solutions continues to grow, Citi’s Treasury and Trade Solutions (TTS) announced today that it has expanded payment options for Citi® Payment Exchange institutional clients through the integration of Mastercard Send™. Citi’s corporate and public sector clients in the United States can now leverage Mastercard Send to send funds directly to a consumer debit or prepaid card account. Citi is the largest global treasury bank to implement Mastercard Send.”

April 13, 2021

On the wires

Checkout.com Targets $100bn Real-Time Payments Opportunity with Payouts Product Launch

“Checkout.com, the leading cloud-based global payment solutions provider, today announced that it is launching its Payouts Product, enabling merchants to make seamless payments directly to eligible recipients’ cards and bank accounts. The solution will enable merchants to make payouts in real-time[2]to over four billion cards in over 174 countries and seamless payments to local bank accounts in over 40 countries around the world.”

August 19, 2020

On the wires

Mastercard and AptPay speed disbursements across multiple industries

“Cash flow management has always been critical for small and medium businesses – but during a pandemic, it can be paramount for survival. To help businesses of all sizes in the insurance, gaming and entertainment, gig, rebate, and government program industries get faster access to cash, Mastercard and AptPay today announced the integration of Mastercard Send – a global push payments platform that enables funds to be sent securely and in near real-time into any payment card or account – into the AptPay platform.”

August 18, 2020

On the wires

PayActiv Users Choose to Access Hourly Wages in Real-Time with Visa Direct Over ACH

“Recent data from PayActiv, Inc. (“PayActiv”), a leading provider of employer-sponsored earned wage and tip access, has found that four out of every five PayActiv users prefer to access their funds in real-time, a capability enabled by Visa Direct, Visa’s real-time push payments platform, over all other ways of accessing wages through its solution. Earned Wage Access is a payroll innovation that helps hourly workers get access to wages they have already earned in between the two week pay cycle– a critical capability amidst the COVID-19 environment in ensuring people have the funds to buy the essentials they need to stay safe and healthy.”

August 6, 2020

On the wires

PayU Enables Merchants to Scale up Financial Operations With Enhanced Payouts Solutions Suite

“PayU, India’s leading online payment solutions provider, has enhanced its flexible fund source management and beneficiary management capabilities with its enhanced Payouts product suite. With the newly launched Payouts from Payins feature, merchants can receive payins (settlements and payments) directly into virtual accounts created by PayU, eliminating the need for constant recharging. From pay-ins received in the accounts, merchants can make bulk disbursals to vendors, partners, employees and customers directly, streamlining operations.”

August 4, 2020

On the wires

Jobber Partners With Stripe to Activate Financing and Instant Payouts for Home Service Businesses

“Jobber, a leading provider of home service management software, today announced an expanded partnership with technology platform Stripe to offer flexible financing and instant payouts to its customers in North America. Jobber is deploying Stripe Capital to make it easier for home service providers to access the capital they need to invest in their businesses and grow. In addition, Jobber’s customers have access to instant payouts, powered by Stripe and Visa Direct, Visa’s real-time push payments platform, to receive the funds they’ve earned within seconds.”

June 24, 2020

On the wires

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 engagement and revenue as people seek social interaction and entertainment. Gaming businesses looking to rapidly scale to meet this demand need advanced payments technology that is globally-aware to ensure a best-in-class payment experience for their payees.”

May 14, 2020

On the wires

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 their end beneficiaries who have been significantly impacted by the COVID-19 pandemic.”

April 28, 2020

On the wires

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 now available, so clients can begin to more quickly disburse funds locally or cross-border.”

April 14, 2020

On the wires

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, as well as compliance and support processes for 1099 payments. The KyckGlobal solution is now in use across a variety of use cases including specialty consumer lending, rent payments aggregation, insurance claims, incentive programs, and others.”

May 16, 2019

On the web

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

Digital Transactions

“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 Europe also found that while interest from corporations is growing in B2C payments, many are not using them. Only 18% said they were using or interested in using PayPal Holdings Inc. products. That was followed by Zelle , the person-to-person payment service, 16%; Visa Direct, 15%; and Mastercard Send, 13%. The latter two are the respective card brands’ immediate push-payment services.”

March 29, 2019

Top Post

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 have to wait a week to get paid.”

July 23, 2018

On the web

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 third parties such as outside accountants. Other benefits include access to Xero’s business task automation, and a shared ledger that provides a real-time view into business data and cash flow.”

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