In today’s FinTech news, Worldline and Myra are collaborating with Leonardo Hotels for a pilot program to introduce new payments. Plus, Home Depot has launched a venture capital fund to back startups aiming to shape the future of the sector.
Worldline, Myra, Team Up to Provide Better Hospitality Payments
European payments services company Worldline is collaborating with self-check-in technology provider Myra to introduce a new payments solution to the hospitality sector. A pilot program is being introduced with Leonardo Hotels; if all goes well, it will be launched in 10 European markets.
Home Depot Launches $150M Venture Capital Fund
The Home Depot is introducing a $150 million venture capital fund to help early-stage companies that are working on emerging technologies to improve customers’ experiences. The fund is striving to connect with startups that can help The Home Depot advance seamless shopping and develop new capabilities to “shape the future of home improvement.”
Italy’s BNPL Unicorn Scalapay Secures $27M From Poste Italiane
Buy now, pay later (BNPL) startup Scalapay is using the $27 million from Italy’s postal service and payments infrastructure operator Poste Italiane to scale its workforce, executive team and company board as well as to build out its brand and product line. The firm has raised $727 million to date. Scalapay offers merchants the ability to provide several interest-free installment options at checkout. The new funds are part of an extended Series E round.
Grubhub Launches Corporate Card for Hybrid Workers
Grubhub is introducing a corporate pay card to boost orders and increase flexibility for people at work, be it at a home office or a corporate location. The Grubhub Pay Card will launch later this year and offer employees of companies with a Grubhub corporate account the ability to order on and off the Grubhub Marketplace at any place that takes debit or credit.
TCH: Tokenization Removes Fraud Risk From Account-to-Account Transfers
Russ Waterhouse, the executive vice president of product and strategy with The Clearing House (TCH), told PYMNTS’ Karen Webster that tokenization is a way to lower the risk of fraud while offering consumers more control and peace of mind. Rather than relying on bank routing numbers and people’s personal account numbers, tokenization replaces that sensitive data with random digits, which also serve as a point of contact for linking payment accounts.
Western Union, SuperGIROS Team on Cross-border Payments in Colombia
Western Union and SuperGIROS are collaborating to offer Colombians a boost in financial flexibility. Every SuperGIROS retail location in the country will now offer Western Union’s cross-border global money movement and payments capabilities.
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