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...
In FinTech news today, big investments gave small firms supersized valuations and even birthed a happy new unicorn following Happy Money’s latest funding round. GoCardless bagged $312 million and HubPay notched $20 million in its first funding post-seed. On the FinTech innovation front, merchants will...
New York City’s Department of Finance has unveiled self-service payment kiosks for customers at its business centers in the Bronx and Queens. The department announced the launch of the kiosks in a news release Tuesday (Feb. 8), saying they were provided by government and utility...
Payments company Payroc is rolling out a new choice offering for a card-not-present environment, allowing businesses to accept all card and ACH payment types at no cost. According to a Monday (Feb. 7) press release, the offering, called ConsumerChoice, is a processing program that allows...
In 2022, customers don’t think in terms of siloed channels. They think in terms of shopping — and they want to move fluidly between the digital and physical realms. As economies open up, people are getting out, but they still want the easy digital experiences...
