Auto dealerships often hire transport companies 50 times each month to move vehicles to or from auctions, other dealers and consumers. In most cases, that means they’re writing 50 paper checks a month, each of which must be written, mailed and later reconciled. Autosled, a...
Some people equate an end to the pandemic with completion of the digital shift. They obviously haven’t visited Latin America, Asia, the Middle East and North Africa (MENA) region, or even parts of North America. When it’s said that we’ve crammed roughly 10 years of...
Merchants have traditionally viewed payments as a utility. As Dustin Young, senior vice president of acquirer solutions at Cybersource, told PYMNTS CEO Karen Webster, that long-held view is giving way to a new mindset, where payments can be — and should be — viewed as...
Think fast: what’s a $200 billion element of a $1 trillion domestic industrial sector still 90% dependent on paper checks? If you said “agriculture,” you win a pretend bushel of corn. Speaking of Bushel, it’s also a Fargo, North Dakota-based software firm that’s set to...
Nexi, the Italian payments company, is working with Alpha, the Greek bank, to invest €100 million ($104 million) into the Greek digital payments market within five years, a report from Nasdaq said Monday (July 4). Nexi bought Alpha Bank’s merchants business last year for €157...
Open finance application programming interface (API) startup Belvo has received an Institution of Electronic Payment Funds (IFPE) license enabling it to develop payment initiation solutions in Mexico. The authorization for the license from the National Banking and Securities Commission (CNBV) gives Belvo the ability to...
Bushel, an independent developer of software designed to facilitate digital transactions throughout the agricultural supply chain, announced the release of what it described as a “new digital payment network” on Wednesday (June 29). Bushel also offers Bushel Payments, which moves money between growers and agribusinesses...
Payments gateway Citcon is integrating its unified payments application programming interface (API) into Bold Commerce’s headless checkout experience for a combined solution that will enable retailers and direct-to-consumer (DTC) brands to accept and process more than 150 payment methods. Using a single integration, the combined...
Business software giant Oracle has launched a payment cloud service for restaurants, letting eateries accept all major payment options, according to a Tuesday (June 28) press release. The new product, called Oracle Food and Beverage Payment Cloud Service, lets restaurants take debit and credit cards,...