Proprietary identity management technology from Car IQ can turn a car or truck into a vehicle that transacts directly with a merchant for payment of fuel, repairs, parking, tolls and more, replacing the use of a fleet credit card.
Small businesses in the US that hold American Express Business Card accounts are being offered a business-to-business (B2B) digital payment service for domestic and international transactions that will clear and settle outside of the company’s merchant network.
Azure, the cloud computing service of Microsoft, will host digital services for Nexi, a top European provider of merchant acquiring, card account processing, digital banking and corporate payment services.
Business-to-business (B2B) payment specialist Paystand has added dynamic discount pricing as an option for monthly subscribers connected to its blockchain-enabled network. Accounts receivable (AR) teams at Paystand seller customers can use an early pay option as an incentive to accelerate payments received from accounts payable (AP) teams at buyers.
Person-to-person and business-to-consumer funds transfers delivered to a recipient’s debit account in 30 minutes or less have been available from Mastercard Send and Visa Direct since 2016. Last year, transactions in the US exceeded 1.26 billion from the issuers shown here.
The largest issuers of Mastercard and Visa commercial credit, debit and prepaid card products are listed on pages 6, 7, 8 and 9 ranked by purchase volume generated in 2021. Corporate travel and entertainment (T&E), fleet and purchasing, small business credit, small business debit and prepaid (government benefits, etc.) are included.
BILLGO, one of the most comprehensive bill payment platforms in the U.S., will use the Deluxe Payment Exchange Network (DPX) to provide digitized check delivery of payments. DPX serves businesses of all sizes.
Fintech Pismo, which opened for business in 2016, handles 4.00 billion API calls monthly from its public cloud microservices platform, which supports payments, banking and financial markets. Customers include Banco Itau, Brazil’s largest bank, which has started to use Pismo for card account processing.
More than $1.00 billion in payments have been processed by CoreChain since its launch in September 2020. The company’s native blockchain-based business-to-business (B2B) payment service is available on a white-label basis to enterprise resource planning and business process automation software companies, B2B marketplaces, banks and payment networks.
With the IBM z16 platform upgrade launched this month, IBM mainframe computers, which are used by 45 of the 50 largest financial institutions worldwide for real-time transaction processing, are now integrated with Telum chips embedded with artificial intelligence (AI).
