News

B2B Payments
Dwolla Expands Platform With Open Finance Integrations
October 30, 2023

Dwolla, an account-to-account payment services provider, has expanded its Dwolla Connect solution by integrating it with the open finance ecosystem.  This integration allows Dwolla Connect clients to securely transfer open finance data to the Dwolla platform, unlocking new capabilities like bank verification through trusted third-party providers,...

Payment Methods
Payment Networks and Alternative Rails Pave the Path for Pay-by-Bank Adoption 
October 30, 2023

The Bard penned it best about payments, and specifically pay-by-bank: “If it be not now, yet it will come: the readiness is all.” In reality, those words were, and eternally will be, uttered by Hamlet. They’re applicable to the state of pay-by-bank, as account-to-account transfers...

Cross-border Payments
Paysend and Western Union Partner on Cross-Border Money Transfer Services
October 30, 2023

Paysend, a card-to-card and international payments platform, and Western Union, a provider of cross-border money movement and payment services, have partnered on cross-border money transfer services. This collaboration aims to provide seamless and efficient cross-border money transfer capabilities to customers using Western Union’s digital platform, the...

Retail
Chipotle and McDonald’s to Raise Prices in California After Minimum Wage Hike
October 30, 2023

Chipotle Mexican Grill and McDonald’s plan to increase menu prices in California next year. The decision is a response to the state’s forthcoming minimum wage hike for fast-food workers, which will see employees earning a minimum of $20 per hour starting on April 1, CNBC reported Monday (Oct....

News
The Clearing House Names Margaret Weichert as New Product Chief
October 30, 2023

Real-time payments network operator The Clearing House (TCH) has a new chief product officer. Margaret Weichert, who comes to TCH following a stint as North American payments practice lead for Accenture, will lead product development for TCH’s payments networks, the company said in a Monday (Oct. 30) news...

Retail
Walmart Debuts 117 Digital-First Stores
October 30, 2023

Walmart is celebrating the re-grand opening of 117 remodeled stores across the United States Monday (Oct. 30), marking the largest single-day rollout of re-grand openings in its history. It’s the latest step in a process in which Walmart has invested over $9 billion to upgrade...

Cross-border Payments
Private Sector and Messaging Standards Target Cross-Border Interoperability Challenges
October 30, 2023

As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential of speed and lower costs demands interoperability. Regulations and frameworks are still emerging, and there are a number of private...

B2B Payments
Agoda and Mastercard Strengthen Partnership on Travel Industry B2B Payments
October 30, 2023

Singapore-based digital travel platform Agoda expanded its partnership with Mastercard to enhance B2B payments within the travel and tourism industry. The collaboration aims to address the increasing digitalization of the sector and streamline transactions between digital travel platforms, hotels, airlines, suppliers and vendors globally, the companies said in...

eCommerce
CCC Debuts Website-Building Tool for Collision Repair Shops
October 30, 2023

CCC Intelligent Solutions has unveiled a tool it says lets collision repair shops launch websites. CCC Amplify, announced Monday (Oct. 30) by the property and casualty insurance and repair cloud platform, allows repair shops to build and debut websites in minutes, while also making those sites easier to...