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Uber has launched a restaurant industry-focused partnership with embedded capital products FinTech Pipe.
This collaboration, announced Wednesday (Sept. 10), is designed to help restaurants access working capital in a time of increased pessimism in the hospitality sector.
According to a news release, the partnership lets eligible U.S. restaurants access Pipe Capital via the Uber Eats ...
The United Kingdom’s Financial Conduct Authority has proposed removing its regulatory contactless payment limits, saying fraud controls are now strong enough to allow banks and other payment service providers (PSPs) to set their own limits.
Currently, the FCA limits the value and number of contactless payments that can be made before a personal identification number (PIN) entry or...
Back in 2021, PYMNTS Intelligence examined cryptocurrency as corporates mulled how the digital holdings might transform their operations.
More than half of multinational enterprises were already using at least one type of crypto for nascent payment purposes and often as an investment vehicle. However, only about 10% of financial institutions offered crypto-related services.
Fast...
U.K.-based FinTech Revolut has added an open banking tool to its payments Gateway offering.
This new feature lets businesses accept fast, secure payments from a customer’s bank account, and comes amid a surge in popularity for open banking, or “pay by bank” in the U.K., Revolut said in a news release Wednesday (Sept. 10).
“The payments landscape is evolving, and merchants are looking...
Human capital management company Paychex has launched a partnership with BILL.
This collaboration, announced Wednesday (Sept. 10), combines BILL’s Bill Pay tool with Paychex Flex, providing small- to medium-sized businesses (SMBs) an integrated service for payroll, human resources and accounts payable.
“During a time when many small and midsize businesses are facing financial pressure...
eCommerce reseller company Pattern aims to raise $321 million upon going public.
The firm, which resells items on marketplaces like Amazon, and its shareholders plan to offer around 10.7 million shares for $13 to $15 apiece, according to a filing Wednesday (Sept. 10) with the U.S. Securities and Exchange Commission (SEC). This range would value Pattern at up to $2.64 billion.
The SEC...
Mastercard has introduced new tools to help developers and businesses get ready for artificial intelligence-powered payments and agentic transactions ahead of the global launch of the Mastercard Agent Pay program.
“We’re building the infrastructure for a new generation of intelligent transactions, where consumers and developers can empower AI agents to act on their behalf with trust,...
The Department of the Treasury picked Fifth Third Bank to expand its prepaid debit card program.
The bank inked a five-year agreement to serve as the financial agent for the Direct Express card program, which helps roughly 3.4 million Americans get monthly federal benefits via a prepaid debit card, according to a Tuesday (Sept. 9) press release.
Most of these cardholders do not have a...
Hedge fund Elliott Management has reportedly purchased a large stake in payments automation company BILL.
That’s according to a report Tuesday (Sept. 9) by the Financial Times (FT), which says the activist fund is betting that BILL could be the latest in a string of payment company takeovers.
Elliott’s stake is at least 5%, the report said, citing sources familiar with the matter.
BILL...
Agentic commerce company firmly.ai has launched a partnership with affiliate marketing provider CJ.
The collaboration will offer CJ’s network of publishers and merchants turnkey access to “seamless shopping experiences” for consumers and thus open “new revenue streams, real‑time attribution, and frictionless checkout across every emerging channel,” the companies said in a news release...