Payment processing fees are an unavoidable pain point for many businesses, both large and small, but for merchants in the automotive sector, the impact on their bottom lines can be particularly severe. “These businesses turn over hundreds of millions of pounds a year in revenue...
It’s no secret that digital payments have gotten a major boost in the wake of the pandemic, leading to stiff competition in the global industry as disruptive startups challenge incumbents with cutting-edge technology and innovative solutions. In the Netherlands, for example, payments firm Mollie has...
South African FinTech company Lipa Payments is bringing its Tap to Pay offering to Africa’s so-called informal sectors through its software platform, which allows merchants to accept contactless payments from a mobile phone, according to a TechEconomy.ng report Monday (Feb. 21). Lipa works with banks...
Discover Financial Services is partnering with Buy It Mobility Networks Inc. (BIM) to allow U.S. merchants to offer their customers the option to pay for their purchases from their bank accounts without a credit or debit card, according to a report Monday (Feb. 14) from...
FinTech Banked raised $20 million in a funding round led by Bank of America (BoA) to bring more customers the Pay by Bank solution offered by the London startup. With Pay by Bank, online shoppers in the U.K. can make card-free purchases and have the...
The pandemic has given us all a chance to become more refined digital natives. But let’s consider for a moment that we don’t often think about what’s “behind” embedded finance and payments — especially if we’re younger and more adroit with technology. Instead, we weigh...
Fyncr on Thursday (Feb. 10) released what it’s calling “the first all-in-one-card bill payment mobile application” in the U.S., noting in the company announcement that it’s focused on helping people manage their credit cards, save more money and spend smarter. In the announcement, Fyncr touts...
The rise of embedded finance means that just about every consumer-facing app can create an account capable of receiving a deposit and making a payment, and even more consumers will open them. But keeping those accounts active will depend on issuers making it easy to...
Payments provider Clik2pay has launched a free mobile app to allow merchants to collect money from consumers when they pay for their purchases securely and directly from their bank accounts, according to a Wednesday (Feb. 9) press release. Clik2pay’s app was initially available for large businesses, but...
