#PayTech / JP Morgan launches QuickAccept smartphone card reader to take on Square

The launch is part of a new checking account service called Business Complete Banking… QuickAccept will allow businesses to process card payments swiftly and only be charged a flat pay-as-you-go rate. Vendors can take card payments through the Chase mobile app or QuickAccept’s contactless card reader. The service will offer same-day deposits without any feeContinue reading “#PayTech / JP Morgan launches QuickAccept smartphone card reader to take on Square”

#PayTech / BBVA debuts “dynamic CVV” numberless card Aqua

BVA has rolled out a new line of numberless credit cards dubbed “Aqua”… These cards do not have card numbers (PAN), expiry dates and card verification value (CVV) printed on them. Customers must access BBVA’s mobile app and check the card number, CVV and expiration date when making purchases. The new Aqua cards feature aContinue reading “#PayTech / BBVA debuts “dynamic CVV” numberless card Aqua”

#PayTech / PaymentCloud Goes Contactless with Paysley Acquisition

… U.S. payment processor PaymentCloud announced this week that it has acquired contactless payments provider Paysley. Paysley’s technology enables customers to use their smartphone as the point of sale device – without having to set up an account with the merchant in advance. Paysley leverages QR code technology – an approach common to payments inContinue reading “#PayTech / PaymentCloud Goes Contactless with Paysley Acquisition”

#PayTech / Adyen alumni raise €2.6M seed to launch Silverflow, a ‘cloud-native’ card payments processor

The pre-launch company has spent the last two years building what it describes as a “cloud-native” online card processor that directly connects to card networks. The aim is to offer a modern replacement for the 20 to 40-year-old payments card processing tech that is mostly in use today. [Co-funder:] “The payments tech stack needs anContinue reading “#PayTech / Adyen alumni raise €2.6M seed to launch Silverflow, a ‘cloud-native’ card payments processor”

#CryptoCurrency / Mode invests 10% of cash reserves in bitcoin

Mode, a UK fintech that just raised £7.5 million from a listing on the London Stock Exchange, has allocated up to ten percent of its cash reserves to purchase bitcoin and adopt it as a treasury reserve asset. With UK interest rates at a record low of 0.1%, Mode says it is seeking to diversifyContinue reading “#CryptoCurrency / Mode invests 10% of cash reserves in bitcoin”

#PayTech / JPMorgan Takes On Square And PayPal At The Point Of Sale

Using QuickAccept, SMBs can take payments through a mobile app or contactless card reader and get the funds instantly, with no fee. Square, for example, charges a 1.5% fee for instant transfers. The banking giant’s FinTech solution will be introduced with an associated business checking account. Before Square, launched by Twitter co-founder Jack Dorsey inContinue reading “#PayTech / JPMorgan Takes On Square And PayPal At The Point Of Sale”

#PayTech / Visa invests in GPS

Visa has invested in Global Processing Services, the payment processor behind a host of challenger bank startups, including Revolut and Starling. GPS successfully expanded into the Apac region last year, delivering payments services for Xinja, the second Australian neobank to be made an authorised deposit-taking institution, and WeLab Bank, the first homegrown virtual bank inContinue reading “#PayTech / Visa invests in GPS”

#PayTech / Billtrust to go public

B2B order-to-cash outfit Billtrust is set to go public via a deal with a special purpose acquisition company (Spac)… Billtrust provides cloud-based software and integrated payment processing solutions that are designed to simplify and automate B2B commerce. In 2018 it set up Business Payment Network to connect buyers, suppliers, and financial institutions to simplify andContinue reading “#PayTech / Billtrust to go public”

#PayTech / American Express and Coupa Expand Partnership to Bring Virtual Card Payments to the U.S.

Demand for the American Express virtual Card payment with Coupa Pay is continuing to grow across the U.K. and Australia, with customers streamlining how they pay suppliers for all spend that goes through the Coupa Business Spend Management (BSM) Platform. As many companies continue to accommodate largely remote workforces for the foreseeable future, the expansionContinue reading “#PayTech / American Express and Coupa Expand Partnership to Bring Virtual Card Payments to the U.S.”