In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European banks from seven countries, sought to launch such a network. But much hinged on agreements...
Education payments solution provider Transact Campus launched a B2B bulk tuition payments portal. Transact Sponsor Payments is designed to make it easier for third-party payors to make bulk payments toward student tuition and fees to finance offices at colleges and universities, according to a Tuesday (March 5) press...
Visa appointed Michiel Wielhouwer as its president and country manager for Visa Canada, saying he will move to that role from his previous one as executive director of Visa’s France, Belgium and Luxembourg business. Wielhouwer will succeed Stacey Madge, who served in the role for the past seven...
Visa and Western Union have formed a new agreement centered on cross-border payments. The expanded partnership, announced Tuesday (March 5), lets Western Union customers send money to loved ones, Visa cards and bank accounts in 40 countries. According to a Visa news release, the collaboration covers card issuance, Western Union’s...
J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Having been granted this license, the bank plans to support the French payment method for merchant clients by the end of 2024, J.P. Morgan...
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN MoMo) wallets,...
Visa, in partnership with PYMNTS Intelligence, has launched a new benchmarking tool for middle-market CFOs to evaluate their working capital efficiency compared to industry peers. This tool, featuring a calculator and interactive report, is based on a study released by Visa and PYMNTS Intelligence in...
“If you cannot measure it, you cannot improve it,” British mathematician and scientist Lord Kelvin said long ago. The 19th-century statement is especially relevant for corporate executives in 2024 — particularly when it comes to working capital. At a high level, working capital is defined...
Payments processor Thredd is predicting a thaw following last year’s “FinTech winter.” The company said Monday (Feb. 26) that it had seen an “atypical” early-year increase in debit and prepaid payment transactions. “Overall, organic transaction growth for January 2024 vs. the same period in 2023 is...